Govt should utilise PM's Relief Fund to rescue PMC Bank depositors: Manmohan Singh
Mumbai: Ahead of Maharashtra Assembly polls, former Prime Minister Manmohan Singh on Thursday said the Centre should utilise the Prime Minister's Relief Fund to rescue the depositors of crisis-hit PMC Bank.
Singh said Mahrashtra has slipped into severe slowdown, forcing people to move out of the state in search of jobs.
While campaigning for the assembly polls, Singh said in a press conference here that slowdown has forced factories to close down and youth are moving to low paying jobs.
“There is gloom in Pune auto hub,” he said added that government apathy and inaction is affecting people.
“PMC bank depositors should be heard soonest,” he said. Mahrashtra ranked first in investment but registered highest number of farm suicides, reminded the former Prime Minister.
Adding further, he said that government must open its coffers to labour intensive industries and it is time to get back to time tested methods to revive the economy.
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