• CPI National Council

CPI DEPLORES - The Stimulus Announced by the Government Which is a Total Sell-off:

The National Secretariat of the Communist Party of India issued the following statement today (on May 17, 2020) terming the stimulus as a total sell-off:

The CPI is of the view that the slew of measures announced by the Finance Minister following the Prime Minister’s address to the Nation are a total sell off of India’s precious natural resources and assets. It is a brazen surrender to the US by raising FDI limit in defence production to 74 per cent. Allowing the private and corporate sector to participate in the strategic sectors like space, atomic power, coal, minerals, etc is detrimental to country’s economic sovereignty. Even in non-strategic sectors, the role of Public Sector Enterprises is made minimum and nil. On such major policy matters, the Parliament is completely bypassed.

At the time of COVID-19 crisis Modi government makes all efforts aggressively to impose its neo-liberal economic agenda that is privatisation and corporatisation of the economy. The people of India are wise enough to understand that self-reliance is not selling off of the national interest.

Asking state governments to take loans instead of providing them adequate funds and financial support is nothing but abdication of responsibility by the Central government. This has exposed the so-called cooperative federalism of Mr. Modi.

The worst affected migrant workers, daily wage earners and poor people are left in hunger and despair.

CPI has already given a call for nationwide protest on May 19, 2020 against the anti-people, anti-worker and anti-national reforms of Modi government.


Office Secretary

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