CPI(M) releases the party manifesto for the 2014 Lok Sabha elections Thursday March 20,2014

CPI(M) general secretary Prakash Karat (centre) along with other Polit Bureau members (from left) Brinda Karat, S. Ramachandra Pillai, Sitaram Yechury and A.K. Padmanabhan releases the party manifesto for the 2014 Lok Sabha elections, at the party office in New Delhi on Thursday March 20,2014

The Communist Party of India (Marxist) has promised a new food security law, regulation of the pricing regime for petroleum and a revised foreign policy in its election manifesto released on Thursday. 

The new food security law should provide for a universal public distribution system (excluding only income taxpayers), with a provision for a minimum of 35 kg foodgrains for a family or 7 kg foodgrains per individual, whichever was higher, at Rs. 2 a kg. 

To curb price rise, the party suggested reversing the deregulated regime of pricing of petroleum products and reducing excise and customs duties on petroleum products

ban for futures trading in agricultural commodities 

enlarging the resource base by taxing the rich and corporate profits and 

imposing higher taxes on luxury goods.