FDI in Insurance Sector

The two main parties of the ruling class, BJP and Congress, are fully in favour of further privatising and opening up the Insurance Sector to foreign capital. It is the working class which has been vigorously opposing this course. The main aim of the privatisation of insurance and pension sector is to provide access to Indian and foreign bourgeoisie to the huge savings of people accumulated in the form of insurance funds and pension funds. The big bourgeoisie wants to control this massive capital, as well as expand it. Foreign insurance giants have the same interests. Increasing the FDI limit in insurance is aimed at joint exploitation of the insecurities of the people by the parasites of finance capital.

Continue reading

Farmers struggle is advancing in Hanumangarh

Preparations had been on in the Hanumangarh district of Rajasthan for a huge demonstration, led by Kisan-Mazdoor-Vyapari Sangharsh Samiti, on 10th September in front of the head office of the district administration. In the meantime, the administration called the leaders of the Kisan-Mazdoor-Vyapari Sangharsh Samiti and assured them that all the issues would be resolved soon.

Continue reading

Release Irom Sharmila immediately!

Repeal the Armed Forces Special Powers Act!

With deepest outrage, the CGPI condemns the utterly unjustifiable arrest on August 22, 2014, of Irom Sharmila, the brave activist from Manipur who has been relentlessly fighting for over 14 years for the repeal of the draconian Armed Forces Special Powers Act (AFSPA).

Continue reading

US Asia Pivot Policy condemned!

On August 17, 2014, political activists from different organisations in North India gathered in a meeting in New Delhi on the theme, “US Asia Policy, Question of Sovereignty and We the People”. Representatives of over a dozen parties and organisations participated actively in the deliberations. More than 35 delegates addressed the meeting.

Continue reading

Why is food price inflation so high in our country?

What is the solution?

Persistently high food price inflation is a sign that the capital-centric orientation of the economy is incompatible with providing even the most basic necessities for all.  The solution lies in reorienting the economy by bringing social production under social control.  Only by putting an end to the anarchy of capitalism and the domination of profiteers over the market is it possible to ensure adequate availability of nutritious food for all, alongside a stable and secure livelihood to all those who till the land. The solution lies in establishing the control of workers and peasants over the production, procurement, trade and distribution of essential commodities, eliminating the space for private profiteers in this sphere of the economy.

Continue reading