CPI(M) calls month-long protest against privatisation of PSUs

CPI(M) calls month-long protest against privatisation of PSUs

Agency News

New Delhi, Nov 18 : A day after the Finance Minister Nirmala Sitharaman reiterated the Union government's decision to wrap up the sale of Air India and Bharat Petroleum Corporation Limited (BPCL) by March 2020, the CPI(M) on Monday called a month long protest and agitation across the country against the 'large-scale privatisation' of the public sector.

"The Polit Bureau calls upon all party units to conduct a month-long movement of protests, conventions and agitations against the large-scale privatisation of the public sector in December 2019", the CPI(M) said after its Polit Bureau meeting, here. The CPI(M) also said that this month-long protest "must dovetail to culminate in the party's support to the January 8, 2020 all India strike called by the central trade unions."

On Sunday, Ms Sitharaman had said that divesting of the two state-run companies will be completed by the end of the financial year.

This is part of the government's plan to raise Rs. 1 lakh crore to tackle the current economic slowdown. Reacting to Ms Sitharaman's statement, CPI(M) General Secretary Sitarama Yechury tweeted, "selling family's silver to meet daily expenditures makes neither common nor economic sense. Sale of country's assets is the surest way to undermine India's economic sovereignty".

Earlier, the Congress had also criticised the government for selling the Public Sector Undertakings (PSUs) and had said that it is showing the government's inability to fix the economic crisis. (UNI)