CPI calls for regulatory mechanism for micro fin companies

CPI today called for a regulatory mechanism for micro financing companies in the wake of increasing instances of suicides and reports of unnatural deaths of innocent people at the hands of chit fund companies.
A resolution adopted at the penultimate day of the 22nd national party conference urged the Centre to establish a regulatory mechanism for micro financing companies and stern action against offenders, party national Secretary Shameem Faizee told reporters here.
It also wanted steps "to ensure the refund of the money to the innocent people who were duped by alluring attractive schemes by large number of mushrooming companies".

The meet in another resolution expressed concern over the failure of "Education for All" programme and millennium declaration of UNESCO for quality education for all.
Stating that the "neo liberal economic policy since 1991 has affected public education system in the country" the party meet alleged that "under the public private partnership model, the government is transferring large quantities of public funds to the private sector".
The resolution also condemned the Centre's reduction to 16.5 per cent in the budgetary allocation to education, a very important social sector, he said.

The resolution also said that there was a proposal by the Centre to introduce a common syllabus for all Central Universities. This proposal "is seen as a dangerous attempt to saffronize even higher education, particularly at a time when RSS is dictating the agenda of the present government", it alleged.

Women are becoming victims almost every day in different ways in the country. During the last three years, more than hundred farmers had committed suicides. "The state police are mostly acting like subordinate force of the ruling party", it said.
"The situation demands that Left parties should redouble their initiatives in re-grouping and re-organising at the grass root level and keep close contact with the masses to combat the vested interests and reactionary forces in every sphere," the resolution said.
The resolution called upon all the Left, democratic and progressive forces "to rise up on the occasion in solidarity and save West Bengal from nefarious activities of the ruling forces and communal design of the BJP and Sangh Pariwar and strengthen the fighting trends of the Left front as a viable alternative".