The hidden agenda is to wreck public sector banks so as to accelerate privatisation!
Ever since Finance Minister Jaitley announced an allocation of Rs. 2500 crore for the “recapitalisation” of banks in his budget speech on 29th February, the issue of capitalist loan defaulters has caught the public attention. What is the real content of this “recapitalisation”?
Seven youth organisations — All India Youth Federation (AIYF), Democratic Youth Federation of India (DYFI), Revolutionary Youth Association (RYA), Hind Naujawan Ekta Sabha (HNES), All India Democratic Youth Organisation (AIDYO), Revolutionary Youth Front (RYF), and All India Youth League (AIYL) — have initiated a country wide united campaign against communalism and fascism. Many other youth organisations have also joined this campaign. Together, they have decided to organise conventions, human chains, and other forms of protest to highlight the concerns of youth at the grave situation facing the people of our country.
Under the rule of successive governments led by DMK, AIADMK and others, only a minority of exploiters have been enriched. Every successive government has systematically attacked the aspirations of the people for a society without oppression and exploitation. Now, one more election is around the corner.
March 16, 2016 marked the martydom day of Bhai Ranga Singh and Bhai Balwant Singh. On this day, a hundred years ago, Bhai Ranga Singh kissed the hangmans noose. Exactly a year later, Bhai Balwant Singh was hanged. These two patriots were hanged by the British colonialists for participating in the revolutionary uprising organised by the Hindustan Ghadar Party which was aimed at overthrowing British colonial rule over our beloved motherland.
“Festivals will be organised every year at the pyres of the martyrs; this will be the remembrance for those who give up everything for the country”. Putting this principle into practice, the Lok Raj Sangathan and the Gramin Aanchal Raksha Dal organised a program to pay homage to the martyrs in village Madhosinghana of Sirsa District of Haryana on 23rd March 2016.
The article on the Union Budget carried in the March 16-31, 2016 issue of MEL is of great interest to all those who are interested in a future for the people of our country. It is also worth noting that under the aegis of democracy, what really exists is a government of the rich, for the rich.
32,000 workers of IDBI Bank, including officers, went on strike on 28 March 2016, under a call given by AIBEA (All India Bank Employees Association, AIBOA (All India Bank Officers Association) and other unions representing the IDBI Bank employees.
The Honda Motorcycles and Scooters India (HMSI) factory at Tapukara (Alwar, Rajasthan), on the Rajasthan-Haryana border has seen intense clashes between the workers of the plant and the management backed by police and hired goons since 16th February this year.
At the joint call of the All India Dena Bank Employees Coordination Committee and the All India Dena Bank Officers Union, employees of Dena Bank all over the country organised demonstrations at 29 Zonal Offices of the Dena Bank all over the country in the evening on 19th March 2016.
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.
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. However, the working class is being prevented from realizing its potential as the leader of all the exploited, and as the grave-digger of capitalism, by those in the communist movement who are spreading harmful illusions and compromising the class struggle.