CPM implementing PM Narendra Modi’s economic policies: Shibu Baby John

KOLLAM: The CPM, which has been opposing the Congress party’s economic policies, is now implementing the economic policies of the Narendra Modi government by opting to issue masala bonds, said RSP central secretariat member and former minister

Shibu Baby John

. He told a news conference here on Monday that the CPM leaders

Sitaram Yechury

and V S Achuthanandan should make clear their stand on Pinarayi Vijayan government issuing the masala bonds. John asked the CPM leadership to clarify where the commission from the sale of bond was deposited.


“The CPM leadership has been citing the economic policies as the reason for not allying with or arriving at an understanding with the Congress party. But the very same economic policy is behind the issuance of the masala bonds. By adopting an economic policy which would be detrimental to the very basis of the Marxist ideology, CPM has the responsibility to make clear what stand it has been putting forth,” he said.

Now on, CPM has no right to utter a single word against the Congress party’s economic policies, he said. He pointed out that while the interest rate of the donor agency was at 2.87% on the other day, the CPM-led government has come forward with offering 9.87% of interest. Pointing out that future trade involves inherent scope for commission, he asked who was the recipient of the commission and where it would be parked.