New Delhi: The CPI(M) leadership would have a relook at its ideological approach following the electoral debacle in its strongholds, while taking note of the "flux" in the country's political scene amidst "growing people's unrest" on price rise, corruption and unemployment.

In an exercise being undertaken to contemporize its ideology after nearly two decades, the party's central committee would discuss a draft ideological document at a three-day meeting starting here on Friday. Earlier, such a document was adopted after the Soviet Union crumbled in 1991.

After approval by the central committee, the draft would be circulated for debate at all levels of the party and placed before 20th Party Congress in April next year for adoption.

"We are reviewing our ideological approach so as to keep pace with the changing times. In the past 20 years, the world has changed a lot. We have gone through globalisation and liberalisation," senior CPI (M) leader Sitaram Yechury had said earlier.

The party would continue to mobilise non-Congress secular parties, along with the Left, to channelise the unrest to launch protests against the "neo-liberal" government policies, party sources said.

However, the political approach also recognises that the ruling Congress-led UPA needs to negotiate with parties like SP, RJD, BSP and JD (S) to get their support on an issue-to- issue basis. A case in point was the SP's support to UPA-I when the Left withdrew it over the Indo-US nuclear deal.

The recent outbursts by ally Trinamool Congress over the petrol price hike also points towards the need for the Congress to keep other such parties happy, they said, adding that cases in point were instances like "earlier inaction" over the 2G scam due to the DMK's stand or "overlooking" Trinamool's "collaboration" with Maoists.

The party would also continue to emphasise on fighting communal politics and defend secularism, the sources said.

Noting that recent experience has shown that some regional parties "vacillated and took shifting positions", the CPI (M) feels that despite this, the approach should be to cooperate with non-Congress secular parties on people's issues.

When the CPI (M) and the Left parties are under attack and are sought to be isolated, it was necessary that efforts were continued to draw these parties for a joint stand on issues, both inside and outside the Parliament, they said.

The CPI (M), which has shown solidarity with 'Occupy Wall Street' movement and has been carrying out protests with Left and other parties, has termed the unrest as "a manifestation of the growing anger of the people at the predatory role of big banks and finance capital."

"The people have seen how the corporate and banks have been bailed out while the ordinary people are made to bear the burdens of the crisis" in domestic and the international arena, party sources said, terming the crisis as "rapacious exploitation by big capital and finance".

The CPI (M) would also stress on its independent role to expand its base and influence by widening and intensifying people's movements, taking up all issues relating to social oppression by mobilizing the downtrodden sections of all castes to "fight class exploitation", the sources pointed out.