CPI(M) central committee member P. Madhu, CPI state general secretary K. Ramakrishna and CPI(M) state secretariat member Ch. Babu Rao on Tuesday launched a booklet titled ‘Public Trust for Sale’ (Ammakaniki Prajala Namakam) in the city. Speaking on the occasion, Mr. Madhu stressed the need for a nationwide movement against privatization of public sector enterprises and industries. “The CPI(M) has been strongly opposed to the privatization of government enterprises. There is no requirement for a profit making Life Insurance Corporation (LIC) to be listed on the stock exchange. We have been opposing this issue inside and outside Parliament.
Shri Ramakrishna said that the CPI is against privatization, including withdrawal of the central government’s stake in LIC.