Thirty years ago, on 24th July, the then Finance Minister Manmohan Singh presented the first budget of the Congress-led government headed by Narasimha Rao. Finance Minister Manmohan Singh declared that the balance of payments situation was precarious, with foreign currency reserves not enough to even pay for one month’s imports. … He then unveiled a program of major changes in policies, laws and regulations relating to trade, investment and the public sector, broadly in line with the prescriptions of the World Bank and the IMF.
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All India Forum Against Privatisation supports the struggle of Defence workers
We are publishing a statement of solidarity with defence workers issued by the All-India Forum against Privatisation on 6th July 2021.
Continue readingPress Release: Foundation Meeting of “All India Forum Against Privatisation” successfully held on 04th July 2021
41 National Federations, Unions and Associations representing the public sector workers in Railways, Defense, Electricity, Coal, Petroleum, Banks, Port & Docks as well as organisations of women and people have decided to come together under the banner of “All India Forum Against Privatisation (AIFAP)” to jointly oppose the Central Government’s anti-worker, anti-people and anti-national policies of handing over public assets built with people’s money to big monopoly corporate capitalists, both Indian and foreign.
Continue readingPrivatisation of Indian Railways – Part 5: The struggle against rail privatisation deserves the support of all the people of India
The plan of the ruling class to privatise Indian Railways is running full steam ahead. The Central government has taken advantage of the Corona pandemic to implement this program on fast track. The repeated promises of successive prime ministers that Indian Railways will never be privatised stand nakedly exposed as blatant lies.
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Privatisation of Indian Railways – Part 4: International Experience of Rail Privatisation
The study of rail privatisation in various countries of the world shows that the only gainers have been capitalist monopolies. People have lost heavily.
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Oppose the Privatisation of Rashtriya Ispat Nigam Limited!
Twelfth meeting organised by Kamgar Ekta Committee in the series “Unite Against Privatisation!”
Kamgar Ekta Committee (KEC) organised a public meeting on 30 May 2021 to oppose the privatisation of Rashtriya Ispat Nigam Limited (RINL). It was attended by nearly 300 leaders and participants from steel, railways, insurance, port & docks, electricity, petroleum, BSNL and others.
Continue readingOppose the Privatisation of Electricity Distribution!
Eleventh meeting organised by Kamgar Ekta Committee in the series “Unite Against Privatisation!”
Kamgar Ekta Committee (KEC) organised a public meeting on 25 April 2021 to oppose privatisation of electricity distribution. This was the 11th meeting in the series “Unite against Privatisation”. Previous meetings dealt with privatisation of railways, banks, insurance, coal, petroleum, port & docks, education sectors. These meetings are being organised with the aim of bringing together various unions and federations of public sectors in a common struggle against privatisation.
Continue readingPrivatisation of Electricity Distribution is anti worker and anti social!
Highlights of the Presentation by the KEC
The Electricity power sector was primarily in the public sector till 1991 due to the large capital required. With the launch of the program of globalisation through privatisation and liberalisation, power generation was thrown open to the private sector. Expecting huge profits, many big capitalists like, Tata, Anil Ambani, Adani, Jindal, Mehta of Torrent, GVK, Jaypee entered this sector. Now nearly half (47%) generating capacity is already in the priva
Continue readingPrivatisation of Indian Railways – Part 3: Step by Step Privatisation of Indian Railways
Indian Railways plays a vital role in the country’s economy. Many generations of workers and their families have contributed to building it. This key institution is being systematically broken up and privatised stealthily part by part by the Government of India.
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Privatisation of Indian Railways – Part 2: Rail Privatisation – In whose interest?
Privatisation of Indian Railways (IR) is being carried out at the behest of Indian and foreign monopolies who want to acquire vast infrastructure, land and workforce of the Indian Railways at cheap prices. This is the real reason for step-by-step privatisation, pursued by all the parties that have been in power for several decades.
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