Scrap Decision to Takeover Coop Banks

The Polit Bureau of the Communist Party of India (Marxist) has issued the following statement:

Withdraw Ordinance:

Scrap the Decision of Central Takeover of Cooperative Banks

The Polit Bureau of the CPI(M) condemns the unilateral decision by the central government to take over the supervision of 1540 urban and rural cooperative banks through an ordinance.

Remedy Flaws in Ordinance

However, the ordinance issued by the President of India has certain serious flaws. Section 3 (c) and 3 (d) together violate the principle of common law accepted and followed by all countries in the world including the criminal law jurisprudence in India on the vital issue of presumption of innocence until proven guilty. These two sections together overturn this principle on its head. This is open to gross misuse, harassment and targeting.

Denounce Ordinance Raj

The Winter Session of Parliament should normally have been sitting at this time. This has been the practice for over half a century. Bypassing the Winter Session of Parliament and taking recourse to ordinance raj is essentially anti-democratic at a time when Parliament is to meet soon.

Sitaram Yechury to Rashtrapathi

Sitaram Yechury, Member of Parliament and Leader of CPI(M) Group in the Rajya Sabha has written the following letter to the President of India today requesting him not to sanction any ordinance bypassing parliamentary procedures. The CPI(M) has always opposed such `ordinance raj’. We are releasing the text of the letter for publication.