"Another example of cronyism": CPI(M) demands scrapping of ELI scheme

New Delhi [India], July 2 (ANI): The Polit Bureau of the Communist Party of India (Marxist) on Wednesday opposed the approval granted by the Union Cabinet to the Employment Linked Incentive (ELI) Scheme, which is intended to transfer money to big corporate houses and demands the government to immediately scrap the ELI scheme and protect the interests of the workers.
CPI (M) in a statement said, "This is another attempt by the BJP-led central government to benefit the corporates at the cost of the workers. It is yet another example of its cronyism."
"The ELI scheme is another deceptive scheme of transferring public funds to the corporates, veiled in the promise of enhancing job creation, employability and social security to delude the youth," CPI(M) added.
CPI (M) further added, "This scheme promotes fragile and precarious jobs, subsidising investment cost, production costs, labour costs and statutory liabilities of both domestic and foreign employers from the public exchequer."
"The BJP-led government has been cutting down allocations for MGNREGA, which benefits the poor in the rural areas, and ignoring the demand to formulate such an employment guarantee Act for the urban areas. At the same time, it is providing huge concessions in the name of incentives to the corporates," CPI(M) added
The Communist Party of India (Marxist) demands that the government ensure decent employment with minimum wages, job security, and social security by filling the huge vacancies and expanding public services, such as health, education, and public transport, by allocating adequate funds instead of subsidising the corporate class. (ANI)