[Marxistindia] Roll Back Privatisation of Public Sector

[news from the cpi(m)]

November 21, 2019

 

Press Statement

 

The Polit Bureau of the Communist Party of India (Marxist) has issued the
following statement:

 

Roll Back Privatisation of Public Sector

 

The cabinet approval for the sale of government's stake in the highly
profit-making Bharat Petroleum Corporation Ltd (BPCL) is completely
detrimental to India's sovereignty. Along with BPCL, four other PSUs
including the Shipping Corporation of India and the Container Corporation of
India, THDCIL and the North Eastern Electric Power Corporation are on the
block. The government will also cease management control of these PSUs.

 

The Modi government has shortlisted 28 PSUs in steel, engineering,
construction, aviation, electronic, ports, railways, defence production and
some other sectors for privatization within a year. In order to meet its
profligate expenditure, mostly on propaganda and spin, this government is
selling public assets to meet a target of raising Rs. 1.10 lakh crores. In
the process, productive and value creating PSUs are being sold to promote
their crony corporates to gain strategic control of the Indian economy. This
is akin to selling family silver to meet daily expenditures inevitably
ruining the family.

 

The Polit Bureau of the CPI(M) extends its support to the countrywide strike
by all unions of BPCL on November 28. The CPI(M) has already announced a
month-long campaign against privatization of PSUs in December. 

 

 

 

(Hari Singh Kang)

For CPI(M) Central Committee Office

 

 

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