Narendra Modi flayed for allowing corporate looting

Tirupati: CPI national secretary K Narayana came down heavily against Prime Minister Narendra Modi’s government for giving corporate companies a free run to loot thousands of crores of public money deposited in banks and accused the BJP-led government of encouraging a bank scandals. 

Addressing the media here on Tuesday, Narayana said a whopping Rs 7.5 lakh crore corporate debt was pushing the banks into financial crisis. “The Modi government reduced the corporate tax from 33 per cent to 25 percent  while raising taxes on common people up to 28 per cent. This shows for whose benefit this government is working,” he said. 

He criticised the BJP government at the Centre for encouraging wholesale corruption in the country and neglecting AP Special Category Status (SCS) issue. Finding fault with Chief Minister N Chandrababu Naidu for keeping silent on SCS, the CPI national secretary said if Naidu forms an all-party platform to fight for special status, CPI would take part in it actively since the party had been demanding the SCS for the state from the beginning.

He said the state government was said to be considering to take a delegation of political parties to New Delhi for demanding special benefits to the AP state and added that there was no use with the Special Package promised by the Centre.  Narayan said that CPI national convention will be held from on April 23 in Kerala.