ID :
16153
Sun, 08/17/2008 - 01:30
Auther :
Shortlink :
https://www.oananews.org//node/16153
The shortlink copeid
P.M.'s I-Day speech insult to inflation-hit people: C.P.I.-M.
for seeking solace in higher inflation figures in other countries, its former ally C.P.I.-M. Saturday said such comments were tantamount to adding insult to injury of people,already suffering the steepest price rise in 13 years.
In a statement here, the party's politburo charged the government with "utter failure" to provide any relief to the people. "The Prime Minister's comments on price rise and inflation in his Independence Day address adds salt to the wounds." "The government can ill afford to seek solace in relatively higher inflation figures of some other developing countries," the party said, reiterating its demands for banning futures trading in essential commodities, restoring food quotas for states and cutting duties on petrol and dieselto bring down fuel prices.
Even though the wholesale price index did not reflect the actual burden on consumers, it was a matter of "grave concern" that the rate had hit a high of 12.44 percent as of August 2,the highest in 13 years.
The party said the retail price of wheat has gone up by over 60 percent, that of rice by about 50 percent and edible oil by over 40 percent, compared with the 2004 prices. The higher procurement of wheat has had "no impact" on its pricesin the open market, it observed.
"Instead of adopting such measures to provide relief to the common people, the U.P.A. government seems hell bent on pushing through the same neo-liberal policies which are responsible for the inflationary crisis being witnessedtoday," the C.P.I.(M.) said.
In a statement here, the party's politburo charged the government with "utter failure" to provide any relief to the people. "The Prime Minister's comments on price rise and inflation in his Independence Day address adds salt to the wounds." "The government can ill afford to seek solace in relatively higher inflation figures of some other developing countries," the party said, reiterating its demands for banning futures trading in essential commodities, restoring food quotas for states and cutting duties on petrol and dieselto bring down fuel prices.
Even though the wholesale price index did not reflect the actual burden on consumers, it was a matter of "grave concern" that the rate had hit a high of 12.44 percent as of August 2,the highest in 13 years.
The party said the retail price of wheat has gone up by over 60 percent, that of rice by about 50 percent and edible oil by over 40 percent, compared with the 2004 prices. The higher procurement of wheat has had "no impact" on its pricesin the open market, it observed.
"Instead of adopting such measures to provide relief to the common people, the U.P.A. government seems hell bent on pushing through the same neo-liberal policies which are responsible for the inflationary crisis being witnessedtoday," the C.P.I.(M.) said.
