Bharatiya Mazdoor Sangh - New Economic Policy (NEP) and New Industrial Policy (NIP)

New Economic Policy (NEP) and New Industrial Policy (NIP)

While opposing the above policies BMS was first to give slogan for 2nd war of economic independence. At the same time it has suggested some positive alternatives. It has vigorously condemned the object surrender to the conditionality of the IMF and WB as that would amount to giving up our sovereignty. BMS considers the movement as an opportunity to build up Swadeshi Model of Economy. Hence it has inspired movement for the use of Swadeshi (Indigenous) Products as against the foreign or MNC products.

It has offered to cooperate in turning the loss making PSUs profitable where practicable, it has agreed to induce the workers to take up their unit to run them on sound lines.

To curb excessive profiteering, which is the main culprit behind price rise; it has suggested that the Government should take steps to make the consumer aware of the cost of production of each product to daily use. This awareness will serve as a watch dog to restrain the prices.

BMS is also of the view that for creating enough job opportunities, agricultural development should get more attention as also agro-based and small and tiny industries. Vishwakarma Sector (Self-employment sector) should get more encouragement than at present.

On modern technology, BMS while not being antagonistic would prefer developing our own technology based on indigenous and traditional knowledge to best suit our conditions. From this angle national technology policy should be drawn.