news from the cpi(m)
November 6, 2009
Press Statement
Left Parties: Cancel Disinvestment
The Left parties strongly condemn the decision of the Union Cabinet to
disinvest shares in all profitable public sector units, listed and
unlisted, to the extent of 10 per cent.
The government has also declared its intention to bring down the
government's stake in these enterprises to 51 per cent. By this, the
Congress-led government has laid out a road map for the privatisation of
the public sector units as it will require only a small step to bring
down the government stake to a minority i.e. below 50 per cent.
The government is undertaking this measure under the fraudulent pretext
of ensuring "people's participation" in the public sector.
The government has gone back on its previous commitments. Shares of the
navaratna companies are being put on the block for sale. Further, the
government had committed not to utilise the corpus accruing through the
sale of shares in the National Investment Fund, only the interest on the
funds were to be utilised. Now with a sleight of hand this has been
suspended for three years so that the proceeds from disinvestment can be
utilised for meeting the fiscal deficit. The plea that this fund will be
utilised for social sector programmes is an eyewash.
The Manmohan Singh government has embarked on this patently
anti-national step along with measures to remove the cap of FDI in
various sectors and open up more areas to foreign capital including
vital sectors like the media.
The Left parties appeal to all patriotic forces and political parties to
demand cancellation of the disinvestment measures.
The Left parties will chalk out plans to organise strong resistance to
the privatisation moves. It will actively mobilise and lend support to
the struggles of the public sector employees and the working class
against disinvestment.
Prakash Karat, General Secretary,
CPI(M)
A.B. Bardhan, General Secretary, CPI
T.J. Chandrachoodan, General
Secretary, RSP
Debabrata Biswas, General Secretary,
AIFB
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