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CPI(M) firms up guidelines on economic issues

Thursday 16 June 2005, by PRASAD*K.V.

NEW DELHI: The Communist Party of India (Marxist) has evolved a set of guidelines on economic issues such as foreign direct investment, aid from international funding agencies and attitude towards non-governmental organisations. It will follow the guidelines in the States where the party is in power.

The 18th party congress held here embarked on a debate to firm up views, which were fine-tuned and adopted at the central committee meeting this month.

Releasing part of the political organisational report dealing with the guidelines to media, Polit Bureau member Sitaram Yechury said: "Globalisation, as the present phase of capitalist development is known as, is a process that must be understood in its totality. This requires joining issue with the existing world realities in order to create an alternative socialistic order we talk of."

On global capital flow into the country, the report said it should be regulated by conditions that such capital should augment the productive capacities in economy, upgrade the economy technologically and lead to employment generation.

See online : The Hindu

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