The IBC process is yet another method devised to enable monopoly capitalists to legally loot workers and the public at large. The IBC will lead to further monopolization and concentration of wealth. Many jobs too will be lost as the acquiring capitalist will use the bad financial condition of the acquired company as the pretext to reduce number of workers and increase their workload.
I am writing to thank you for carrying the informative article entitled 'A year since the Note Ban, who has gained?' in the November 1-15, 2017 issue of MEL. Such an article goes a long way towards educating the working class on the true intent and objective of the devastating note ban that was done in November 2016 by the Narendra Modi Government.
Demand to halt privatisation and to reorient banking is entirely just!
Statement of the Central Committee of Communist Ghadar Party of India, 23 Sept 2008
On September 24 and 25, nearly 10 lakh bank employees including officers, will participate in a country-wide bank strike, demanding an immediate halt to privatisation and to merger of state owned banks in the name
The Report to the Fifth Congress of the Communist Ghadar Party of India, presented by Comrade Lal Singh, General Secretary of the CGPI, on behalf of its Central Committee, was discussed and adopted by the Fifth Congress of the CGPI, held in November 2016. By decision of the Fifth Congress, this report has been edited for publication.
The first part of this pamphlet is an analysis of facts and phenomena to identify and expose the real aims behind the Note Ban. The second part is devoted to a critical appraisal of the government’s claims that it will reduce inequality, corruption and terrorism. The third part is what Communist Ghadar Party believes is the real solution to these problems and the immediate program of action towards that solution.