Millennium Post

CPI to press for unemployment allowance, scrap FDI in retail

CPI would pitch for unemployment allowance, work for a complete review of neo-liberal economic policies and oppose FDI in retail trade and public-private partnership (PPP) model which ‘legalises private appropriation and institutionalising losses.’

The party manifesto, released on Thursday by General Secretary S Sudhakar Reddy, veteran leader A B Bardhan and other senior leaders, speaks of bringing back black money deposited in foreign banks, stringent legal measures to recover corporate bank loans which have non-performing assets and confiscation of assets of defaulters.

Besides steps to strengthen the public sector, it also seeks stoppage of privatisation of profit-making PSUs, a law for auditing big private companies and making the Comptroller and Auditor General a constitutional authority.

CPI opposes handing over of natural resources like gas, petrol, coal and minerals to the private sector and a moratorium on recovery of loans and reservation of products for small, medium and cottage industries. CPI promises housing, food security, education, employment and healthcare for all, with emphasis on ending malnutrition.
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