Concentrating on the massive job losses due to economic recession in the run-up to the Lok Sabha elections, the CPI(M) manifesto will speak about “commitment-linked” bailout packages for companies.
Aiming to evoke support mainly from urban youth, the party will talk about forcing the next government to link bailout packages with a firm commitment that a company will not retrench its workforce and provide employment opportunities if it seeks government favours in form of tax or duty concessions.
The UPA government has already announced three stimulus packages — worth over Rs 40,000 crore — comprising a host of tax concessions to boost the economy. The CPI(M) has been maintaining that these steps are inadequate and the government should focus on massive public investments, mainly in infrastructure, to tackle the global slowdown.
