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Mr V.S. Achuthanandhan

Our Bureau

Thiruvananthapuram, April 3 The Kerala Chief Minister, Mr V.S. Achuthanandan, has come down heavily on Planning Commission’s recommendations for opening up health, education, banking, insurance and retail sectors to private and foreign capital.

In a statement here on Thursday, the Chief Minister urged the Centre to reject the recommendations, which were designed to destroy the public sector and commercialise the service sectors.

He said that the Planning Commission’s recommendations had come barely two days after the Union Cabinet had decided to abolish the import duty on many items, including edible oils, thereby opening up the Indian market to foreign multinationals.

The Chief Minister noted that the Planning Commission had recommended speeding up privatisation of banks and insurance companies by reducing the Government’s equity to 33 per cent.

It had also suggested allowing a free run of the self-financing professional education sector, which was already posing problems.

He pointed out that the commission had come up with the suggestion at a time when there were demands at the national level to bring in legislation to control the self-financing educational institutions. Kerala had already brought in a legislation for the purpose, he added.

The Planning Commission’s recommendations showed that the ‘imperialist and globalisation’ policies being pursued in India was moving to a dangerous situation, he said.

More Stories on : Foreign Direct Investment | Kerala

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