Hyderabad, Oct. 27 -- Communist Party of India (CPI) Telangana Secretary and Kothagudem MLA Kunamneni Sambasiva Rao came down heavily on the BJP-led Central government, accusing it of diverting Life Insurance Corporation (LIC) funds to serve corporate interests.
Speaking at a meeting of CPI's public associations held at Magdhoom Bhavan today under the chairmanship of Pashya Padma, he called for massive participation in the party's national centenary closing celebrations to be held in Khammam on December 26.
"The BJP government has turned LIC, where poor people have deposited Rs 33,000 crore, into a private fund for corporate rescue. Giving thousands of crores from LIC to Adani when his company was in crisis exposes the pro-corporate minds...