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Why Regional Parties Mum On Privatisation?

Why Regional Parties Mum On Privatisation?

Regional parties across the country are not able to raise their voice strongly against the NDA government’s decision to privatise all public sector undertakings in the country, because of their vested interests.

This was the opinion expressed by former Rajahmundry MP Vundavalli Arun Kumar on Monday. He said the main reason for the silence of the regional parties on privatisation was that most of them were being run by industrialists or those having their own business interests.

“That is why they are dancing to the tunes of the Narendra Modi government and are not able to utter a word, when the people are agitating against privatisation,” Vundavalli said.

Obviously, he was targeting YSR Congress party president Y S Jagan Mohan Reddy, who owns an industrial empire and Telugu Desam Party president N Chandrababu Naidu, who owns Heritage Group.

Vundavalli said how the BJP government at the Centre could encourage capitalism in the country, when the Constitution of India says India is a socialist country.

“You first amend the Constitution and remove the word Socialist and introduce the word Capitalist. Till then, the government has to follow socialistic pattern of governance,” he said.

The ex-MP wondered whether India would follow certain capitalist countries which do not tolerate people’s movements.

“In some capitalist countries, the governments shoot the people down, if they raise their voice in support of the poor. We need to see that such a situation doesn’t arise in India,” he cautioned.

Vundavalli accused the Narendra Modi government of pushing the state into a debt trap.

“By March 31, 2004, India had a debt burden of Rs 4.6 million crore. But by December 2020, the debts had gone up to Rs 107 million crore,” he criticised.

He called upon all political parties to come together on a single platform and oppose the privatisation going on in the country on a massive scale.

He extended support to the Communist parties’ call for Bharat Bandh on March 26 against the privatisation move.

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