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Left opposes LIC IPO, alleges 'scam', 'sell off'

Communist Party of India (CPI) general secretary D Raja said it was a “matter of regret” that the BJP-led NDA government is selling off all national assets through monetisation policy and privatisation of public sector units.

April 29, 2022 / 07:36 AM IST
D Raja said it was a “tragedy” that those long-term assets are being sold to collect revenue to meet the current expenditure. (File Image)

D Raja said it was a “tragedy” that those long-term assets are being sold to collect revenue to meet the current expenditure. (File Image)

Left parties on Thursday attacked the government over its move to float the LIC IPO alleging that it was a “scam” and a “sell-off”.

The CPI in a statement said it was a part of the “privatisation spree” of the government.

Communist Party of India (CPI) general secretary D Raja said it was a “matter of regret” that the BJP-led NDA government is selling off all national assets through monetisation policy and privatisation of public sector units.

He said it was a “tragedy” that those long-term assets are being sold to collect revenue to meet the current expenditure.