As a mark of its protest against the indiscriminate privatisation policy being pursued by the Vajpayee Government, the national executive of the BMS, which met in Goa earlier this month, has literally decided to take to the streets. A massive demonstration will be held in the Capital on the eve of the commencement of Parliament's winter session to signal its disenchantment.

The BMS, in its national executive meeting, passed a resolution listing out the areas which were being opened to MNCs. These even include profit-making public sector undertakings such as the BHEL, NTPC, NHPC, SAIL, IOC, the resolution added.

``It is unfortunate that, defying the mandate received in the Lok Sabha elections held earlier this year, the Government has gone back on its words under pressure from the World Bank, IMF and the WTO.``These policies are not only anti-people and against national interests, but are also proving to be exploitative of the labourers,'' it said.

According to BMS general secretary Hashu Bhai Dave, there will be large-scale retrenchment leading to huge unemployment because of modernization and computerisation by the MNCs. ``The mania of privatisation has gone to such a ridiculous extent that no industry has been left out of the area for disinvestment,'' he said.

He alleged that the Disinvestment Commission, whose wings were clipped by the Gujral Government, had now been given a statutory status and MNCs had beeb given a free hand to chose their industries. ``Even cigarettes and alcohol have not been left out,'' he said.

The resolution also blamed the Government for forming two committees -- one for economy and the other for trade and industry -- with officials and politicians known for their complicity with the MNCs, IMF, World Bank and the WTO.