Twitter Faceoff: PSU privatization drive has Internet divided

NEW DELHI. Weeks after Prime Minister Narendra Modi made a strong pitch for privatization of public sector units (PSU), saying that the government has "no business to be in business", nine bank unions under the banner of the United Forum of Bank Union on Monday started a nationwide two-day strike against the privatization of public sector banks and retrograde banking reforms.

The strike comes a month after the government shortlisted four mid-sized state-run banks for privatization, under a new push to sell state assets and shore up government revenues.

The big privatization push of the Modi government and the steps taken by finance ministry in that direction is triggering a raging debate on micro-blogging platform Twitter. The social media is evenly divided over the urgency and the need for privatizing the Indian PSUs.



'BJP incompetent to run PSUs'

The colossal u-turn

'Globalization begets privatization', 'Western countries reaping benefits of privatization'

'Unemployment will rise'

'Nehruvian socialism is thing of the past'

And then there were memes.....