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Home -> Finance -> Full Story

We won't withdraw support but oppose FDI, says CPM
Wednesday, July 21 2004 15:38 Hrs (IST)

Siliguri: The policy adopted on Foreign Direct Investment (FDI) by the UPA (United Progressive Alliance) Government at the Centre was against the thrust of Common Minimum Programme (CMP) and not acceptable to CPM, party's state secretary Anil Biswas said in Siliguri today (July 21, 2004).

Though CPM (Communist Party of India-Marxist) wanted the UPA Government to function for a full five-year term, the Congress-led ruling dispensation at Centre at the same time should not consider 'our good gesture' as a surrender to their whims, Biswas warned.

"We are not going to withdraw support but UPA has to decide whether they would follow the Common Minimum Programme", Biswas said.

Recalling that CPM had opposed insurance bills in the Parliament in 1997 and 2001, Biswas said on the same ground the party could not support the Budget proposal of allowing 49 per cent FDI (Foreign Direct Investment) in the field in any way.

He said the CPM might have to wage a movement if UPA failed to implement the common programme. To a question, Biswas said he did not find that Sonia Gandhi was enjoying unconstitutional power.

PTI