[Marxistindia] Oppose the Entry of Private Companies in Nuclear Production and 100 percent FDI in Insurance

[news from the cpi(m)]

December 13, 2025

 

Press Statement

 

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

 

Oppose the Entry of Private Companies in Nuclear Production and

100 percent FDI in Insurance

 

The Polit Bureau of the Communist Party of India (Marxist) opposes the Union
Cabinet's decision to open nuclear power generation to allow the entry of
private and foreign companies. It also disapproves of the Cabinet's decision
to allow 100 per cent foreign direct investment (FDI) in the insurance
sector.

 

The Union Cabinet has decided to amend the Atomic Energy Act, 1962, and the
Civil Liability for Nuclear Damage Act (CLNDA), 2010 in the ongoing
Parliament session. The proposed amendments are intended to allow the entry
of private companies, including foreign technology and equipment suppliers.

 

Opening up a strategic and crucial sector like nuclear energy to private
companies will be disastrous. The amendments give private nuclear companies
a free hand in deciding the tariffs for electricity produced by them.

 

The amendment to the CLNDA is dangerous as it dilutes the compensation to be
given to people affected by a nuclear accident. The government has succumbed
to US pressure and is amending the Act to absolve the manufacturer of the
liability for accidents and other untoward incidents. This amounts to a
double bonanza - they will neither be held liable for accidents nor be
subject to regulatory oversight in determining tariffs. This is yet another
example of the pro-corporate policies of the BJP-led NDA government.

 

FDI in Insurance: Allowing 100 per cent FDI in the insurance sector will
destabilise the domestic insurance industry. It will jeopardise
policyholders' privacy and financial security. The commercial priorities of
foreign investors will override public welfare objectives. This will
undermine financial stability and social security. This move also opens the
door to predatory takeovers, resulting in a loss of control over vital
national resources.

 

The CPI(M) calls upon all the democratic sections of the society to oppose
these amendments in defence of the country's interests.

 

 

Muralidharan

(For CPI(M) Central Committee Office)

 

 

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