Friday, Feb 04, 2005
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By Our Special Correspondent
NEW DELHI, FEB. 3. Left parties today decided to organise an all-India protest on Monday against the United Progressive Alliance (UPA) Government's decision to hike the foreign direct investment limit in telecom sector to 74 per cent and also seek the intervention of the UPA Chairperson, Sonia Gandhi. The four Left parties also decided to write a letter to Ms. Gandhi, conveying the stand on telecom and that the announcement came even before consultations were continuing. After a joint meeting here, these parties said that they have been engaging the Government on various policy matters which the Left considered detrimental to India's economic sovereignty such as amending the Patents Act, allowing foreign banks to purchase shares of private Indian banks and other banking reforms and disinvestment of profit-making public sector undertakings. "These are matters which, the Left parties strongly feel, need to be thoroughly discussed before any decision is taken with the prime objective of defending India's economic sovereignty,'' the parties said in a statement. The Monday protest would be observed all over the country specifically opposing the FDI hike in telecom and generally in defence of Indian economic sovereignty'' the Left parties leaders said at a press conference. The Left parties said the objections were not limited to security consideration alone but also to tele-density and foreign capital investment among others.
Electricity Bill
Referring to the new Electricity Bill announced on the basis of the Electricity Act, 2003 which the Common Minimum Programme has promised to review, the Left parties said that till such a review was completed, no new policy measures should be undertaken. It is understood that the Bill does not contain suggestions against privatisation or on continuation of power subsidies. Today's meeting was attended by the Communist Party of India (Marxist) Polit Bureau member, Sitaram Yechury, the CPI general secretary, A.B. Bardhan, the CPI national secretary, D. Raja and Pallab Sengupta, the All India Forward Bloc secretary, G. Deverajan. The Revolutionary Socialist Party could not attend it but had agreed with the decision following consultation over telephone.
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