Will raise Adani issue in Parliament, says CPI(M)

The CPIM has said that it will raise the issue of allegations levelled by Hindenburg Research against the Adani group during the Budget session of Parliament along with other opposition parties and demanded a highlevel probe monitored on a daytoday basis by the Supreme CourtIn a statement on Monday after the Central Committee of the party met in Kolkata on January 2829 the party also hit out at the Centre over alleged interference in the appointment of judges to the high courts and the Supreme Court and the actions of governors and Lieutenant Governors in nonBJP ruled states and UTsIt said a highlevel inquiry monitored by the Supreme Court on a daytoday basis is essential on the allegations levelled by Hindenburg Research against the Adani groupThe USbased short seller Hindenburg Research has accused the Adani Group of wrongdoings like stock manipulation Adani group had dismissed the allegations as nothing but a lie and said its report was not merely an unwarranted attack on any specific company but a calculated attack on India the independence integrity and quality of Indian institutions and the growth story and ambition of IndiaStanding by its report Hindenburg however disagreed with the Adani groups assertion and said a fraud cannot be obfuscated by nationalism or a bloated response that ignored key allegationsReferring to the exposure of LIC and SBI to the Adani group the CPIM on Monday said Till this inquiry is completed and the truth is known the interests of India and our people must be protectedBoth the LIC and the SBI are institutions where crores of Indians park their lifelong savings for their future security Since this report became public Adani groups capitalisation in the stock market dropped by over USD50 billion This cannot lead to the ruination of peoples lifelong savings in these public sector institutions the party saidThe party also said that it was high time that the tax concessions for the rich that continue to be given by the Modi government are reversedA wealth tax and an inheritance tax be introduced and GST on all essentials especially food items must be abolished it saidAlso Read Adani Group stocks continue to fall Adani Total Gas tanks nearly 20 pcThe Left party in the statement also accused the BJP of making efforts to sharpen communal polarisationIt also alleged that to have a tame judiciary the government is interfering in the appointment of judges to the high courts and the Supreme Court by delaying or refusing to clear various names recommended by the Supreme Court and the High Court collegiumsThe Modi government aims to subordinate the higher judiciary to the executive The erosion of judicial independence as per the Constitutional scheme would spell the complete domination of authoritarianism it saidThe party also raised concerns over the assault on federalism alleging governors and Lieutenant Governors in nonBJP ruled states and Union Territories were continuing to advance the political objectives of the ruling party brazenly violating the Constitutional positionGovernors in Kerala Telangana Maharashtra and now Tamil Nadu and the Lieutenant Governors in Union Territories of Delhi Lakshadweep Andaman and Puducherry grossly misuse their Constitutional positions the party allegedThe governors office is used as an instrument to undermine the Constitutional role of the state governments and smacks of an antifederal tendency and penchant for centralization of powers it allegedThe party also announced a nationwide call for protest action in the last week of February from 22nd to February 28th against what it called the continuing assaults on the peoples livelihood with growing unemployment poverty and inequalitiesIt has also said that it extends its full support to the call of the MazdurKisan rally to the Parliament on April 5 2023In March the CPIM said it will organise political campaigns and activities on a variety of issues including attacks on federalism protest against BJPs policies against elected state governments particularly nonBJP state governments and opposing the efforts to impose a unitary state structure destroying the federal structureThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever