Follow us on
Welcome Guest! You are here: Home » Business & Economy
CPI-M flays Modi government over disinvestment
Friday September 12, 2014 7:57 PM, IANS

The CPI-M Friday said the government's decision to disinvest its shares in Coal India, NHPC and ONGC reflected its "ideological commitment against the public sector".

"Through this offloading of shares, the government expects to realize Rs.44,000 crores," it said in a statement after a meeting of the politburo of the Communist Party of India-Marxist here Sep 10-12.

"This will be the single largest disinvestment of shares ever.

"The Modi government is embarking on this massive disinvestment not only to raise funds to bridge its fiscal deficit but to fulfill its ideological commitment against the public sector."

The CPI-M also criticized the Narendra Modi government for winding up the Planning Commission.

"This decision is in conformity with the neo-liberal view that there is no need for planning in a market-oriented economy.

"The end of the Planning Commission symbolizes the dominance of finance capital-corporate interests over the economy," it said.

Share this page
Note: By posting your comments here you agree to the terms and conditions of
comments powered by Disqus
| Quick links
Contact us
Subscribe to: RSS » Facebook » Twitter » Newsletter Disclaimer | Terms of Use | Advertise with us | Link Exchange is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.
© 2012 Awaz Multimedia & Publications. All rights reserved.