In a statement here, the Central Secretariat of CPI condemned the ordinances brought by the NDA government on the Insurance Law (Amendment bill) and re-promulgation of an Ordinance on the process to auction 24 coal mines.

Rajya Sabha did not pass the Insurance Law Amendment Bill, which proposes to increase FDI from 26 percent to 49 percent in insurance sector and the Coal Mines Bill was not even introduced in Rajya Sabha, it added.



"Bill was not even introduced in Rajya Sabha. The method of so-called reforms to boost confidence among investors as claimed by the Finance Minister Arun Jaitley, is unethical and undermining the Parliamentary institutions," the statement said.

The contents of both the ordinances goes against the interests of the nation, the CPI said, while appealing to people to protest against "Ordinance Raj and FDI in key sectors".

The Union Cabinet on Thursday approved key insurance and coal sector reforms which were stuck in Parliament logjam.

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