Tag Archives: NDA

State PSUs will protected and strengthened – Kerala Chief Minister

12 Sunday Jun 2016

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During his speech at Kozhikode Tagore Centenary Hall on 12th June 2016 when he was given a grand reception, Com.Pinarayi Vijayan, Chief Minister, Kerala stated that the state PSUs will be protected and strengthened. This is a very welcome assurance.

During the UDF rule, almost all the state public sector units have been weakened and made loss making. It is to be remembered that all these PSUs were strong and profit making during the period of the LDF government. Once again these PSUs are going to be revived.

Both the UPA Government as well as the NDA government at the centre have been systematically selling, closing and disinvesting the central PSUs during the past twenty years or so. They have become the promoters of the private sector and the corporates. The present position of the ITI, HMT and other such famed PSUs are well known to all.

The difference of attitude between the NDA/UPA at Centre and the LDF in Kerala towards the PSUs is well understood by the workers. While appreciating the correct stand of the Kerala LDF government, the working class have to fight and defeat the anti-PSU policies of the NDA government at the centre.

Do Not Stop MGNREGA – CPI(M)

04 Friday Jul 2014

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July 4, 2014
Press Statement

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

On Moves to Scrap MGNREGA

The Polit Bureau of the CPI(M) strongly protests against any move to scrap or weaken the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). It is reported in the press that the Rajasthan Chief Minister has made a proposal to extinguish the legal guarantee under the Act and convert it into a scheme. A party which promised job creation during its election campaign is now suggesting the elimination of the only legal guarantee for creation of jobs, namely MGNREGA. The last years of the UPA government had also seen MGNREGA become a hostage to fiscal considerations and funds were severely cut.

The Polit Bureau demands strengthening of the Act, measures to ensure a minimum of hundred days work and to protect the rights of the intended beneficiaries by ensuring implementation of all the clauses pertaining to wage payment, compensation for delayed payment and also unemployment allowance and to make available funds to pay the arrears with immediate effect.

Disinvest Department Recommends strategic sale of PSUs

23 Friday May 2014

Posted by in PSU, TU News - India

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While most of the departments of the government are sluggish in taking decisions on the governance of the country, there is a particular department which seems to be working round the clock. It is nothing else than the Disinvestment Department. During the earlier NDA government it was a ministry itself, but was downgraded to a department after the UPA I government took over.

Disinvestment was at very low pace in the UPA I since it was sustaining itself with the support of the left Parties,which strongly opposed disinvestment of PSUs. The UPA II wanted to speed up disinvestment, but could not move much due to various reasons. Its target of enriching the exchequer through sales of PSU shares could not be reached.

Now that the NDA with huge majority is taking over the government, the Disinvestment department will be feeling that it is the right time to directly sell the PSUs, instead of piecemeal. The sale of PSUs to strategic partners ( as in the the case of VSNL to Tata Telecommunications) they want to pursue now.

Accordingly, the Disinvestment Department has recommended to the new government for strategic sale of PSUs in the non-core PSUs like Cement, Steel, Textiles, petrochemical, fertiliser etc., which may also be extended to core PSUs later.

What will be the decision of the new government is not known.But there is real danger to the existence of the Public Sector. The Public Sector banks, which have stalled the recession in India to a certain extend is under severe attack. State Bank activities are already outsourced to Reliance company. The corporates and India Inc have demanded privatisation of the nationalised banks.

The working class under the Central trade Unions will have to seriously consider these issues and pressurise the new government from proceeding in the above matter, failing which mighty struggles should erupt to stop this selling of the national assets.