After enacting a law to deal with insolvency and bankruptcy of non-financial companies in Dec 2016 (Insolvency and Bankruptcy Code, 2016) and creating a regulator, Insolvency and Bankruptcy Board of India, the Modi government has now proposed a bill to deal with the failure of financial institutions, Financial Resolution and Deposit Insurance Bill, 2017 (FRDI Bill).
On February 28, 2012 the Indian working class, its trade unions and organisations gave a call for an All-India strike in opposition to the proposals of the UPAgovernment for labour reforms in the interest of the capitalists. The strike call was for the defeat of the programme of privatization and liberalization, and against the bail out for the capitalists at the expense of the people.
Interview with Comrade Ramanand about the upcoming Strike of Bank workers
Following the call for an all-India strike on 5th August by the United Forum of Bank Unions (5 employees’ unions and 4 officers’ unions), correspondents of Mazdoor Ekta Lehar interviewed one of the most senior leaders of bank workers in Delhi on 13th July, 2011. Comrade Ramanand is General Secretary of the Delhi State - Bank Employees Federation and one of the leading members of All-India Bank Employees’ Association
In the context of the continuing global economic crisis, two summits of the world's leading capitalist countries were held in quick succession in end-June of this year in Canada - the G8 on June 24-25 and the G20 on June 26-27.
The all India general strike has been called to resolutely oppose the course of enriching the capitalist minority by impoverishing the toiling majority. It has been called to assert the rights that belong to workers, peasants and other toiling people who create the wealth of India.
Parties of the capitalist class claim that there is no alternative to the program of globalisation,liberalisation and privatisation. The truth is that there IS an alternative.The alternative is to reorient the economy to fulfil people’s needs instead of fulfilling capitalist greed. This is the program for the Navnirman of India.
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.
Unite around the program to reconstitute the Indian Republic and reorient the economy to ensure prosperity and protection for all!
There is growing realisation among workers, peasants and other self-employed people that the program of liberalisation and privatisation only serves to enrich an exploiting minority at their expense. Mass resistance is growing to this anti-worker, anti-peasant and anti-national program.