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Rajeeve alleges UDF White Paper on fiscal health reflects neo-liberal move

P. Rajeeve, a leader from CPI-M, has criticized Kerala's UDF government for taking a neo-liberal approach in its White Paper on fiscal health. He claimed that the document promotes disinvestment or closure of public sector units, which goes against Chief Minister V.D. Satheesan's earlier statements.

BRIC Team
BRIC Team
Jun 4, 2026 · 1 min read
Rajeeve alleges UDF White Paper on fiscal health reflects neo-liberal move

Key Takeaways

  • •The former Minister for Industries presented his allegations in the Kerala Assembly.
  • •The document assessed entities like the Kerala State Road Transport Corporation, Kerala State Electricity Board, and Kerala Water Authority solely on their profit and loss figures, Mr. Rajeeve stated.
  • •He further alleged the White Paper advocated for disinvestment, privatization, or closure of public sector units (PSUs) operating at a loss.
  • •Satheesan, during his time as Leader of the Opposition, had often claimed the UDF represented the "real Left" and a "Nehruvian Left." Mr. Rajeeve highlighted this contrast.

P . Rajeeve,a leader from Communist Party of India (Marxist),on Thursday slammed Kerala's United Democratic Front (UDF) government for steering toward neoliberalism with its White Paper on state fiscal health. Former Minister for Industries launched his attack in Kerala Assembly.

Document assessed bodies like Kerala State Road Transport Corporation,Kerala State Electricity Board,Kerala Water Authority purely on profit-loss numbers,Rajeeve said. Ignoring their role as essential services. He accused White Paper of pushing for disinvestment,privatization,or shutting down loss-making public sector units (PSUs).

Chief Minister V.D . Satheesan, who often argued as Leader of the Opposition that UDF was the "real Left" and a "Nehruvian Left," came under fire. Rajeeve pointed out this contradiction. Jawaharlal Nehru saw PSUs as "temples of modern India," yet UDF's White Paper seemed to abandon them,Rajeeve claimed . Also ignored PSU progress during 10 years of Left rule. No long-term vision for their future,he added…

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