New Delhi [India], February 22 (ANI): Bharatiya Janata Party (BJP) MP Varun Gandhi on Friday took a veiled jibe at the Centre over privatization of banks and railways stating that a 'public welfare government' can never promote capitalism as it creates economic inequality.

Taking to Twitter, the BJP MP said that the only privatization of banks and railways will make 5 lakh employees unemployed.

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"Only privatization of banks and railways will make 5 lakh employees 'forcefully retired' i.e. unemployed. With every job that ends, the hopes of lakhs of families are lost. A 'public welfare government' can never promote capitalism by creating economic inequality at the social level," he said.

Finance Minister Nirmala Sitharaman in the Union Budget 2021-22 announced that two public sector banks would be privatized as part of the government's disinvestment target to generate Rs 1.75 lakh crore. (ANI)

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(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)