Bank recapitalisation historic, will boost business: Amit Shah

New Delhi, October 25
Hailing the Centre’s announcement of Rs 2.11 lakh crore for bank recapitalisation as “historic”, BJP chief Amit Shah has said that the move will not just give an impetus to businesses, but also provide employment to the youth.
He also hailed the announcement on Rs 6.92 lakh crore spending on infrastructure.
The BJP national chief congratulated Prime Minister Narendra Modi and Finance Minister Arun Jaitley for the bank recapitalisation decision, terming it as “historic”.
In a tweet on Tuesday night, Shah said the “courageous” decision would not only give impetus to businesses but also provide job opportunities to the youth.
In another tweet, he said spending on highways would lead to creation of world-class infrastructure and give a fresh momentum to economy.
Jaitley had on Tuesday announced a massive Rs 6.92 lakh crore infrastructure-spending and another Rs 2.11 lakh crore for bank recapitalisation to revive investments as well as growth.
The capital infusion, the Finance Minister said, would be accompanied by reforms to enable the state-owned banks to play major role in the financial system and give a strong push to the job-creating MSME sector.