Question

which is irrelevant of indira Gandhi's left turn garibi hatao abolition of privy purses nationalisation of land to land lees​

Answer 1

Answer:

Explanation:

The 50th anniversary of the nationalisation of big banks by Prime Minister Indira Gandhi has attracted limited comment. Some critics call it a terrible economic blunder, since public sector banks (PSBs) have become a byword for enormous losses, inefficiency and loans based on phone calls from political masters. Top PSB appointments have sometimes been made to shady bankers, who guaranteed kickbacks to their appointers.

Defenders of bank nationalisation say it had positive outcomes, like ..

spreading banking to rural areas, aiding the Green Revolution and reducing poverty. It also ended the hold of a few industrialists over bank finance, replacing it with ‘priority sector’ lending by PSBs that directed loans to socially important sectors. This last point was hotly contested by Gandhi’s key opponent Morarji Desai, who said that social aims could equally be achieved by directives to PSBs.