CPM slams economic reforms of UPA-II

Rourkela: The CPM today lambasted the Congress-led UPA for the present economies policies and reforms including opening FDI in retail. This policy will leave an adverse impact on the interests of workers and the common people in the country, said Janardan Pati, secretary of the state unit of CPI (M) at a press meet held at A.K.G. Bhawan on yesterday.

Pati alleged that the FDI in multi-brand retail trade under the pretext of economic reforms will spell doom for developing countries like India. He stated that attempts are being made to do away with the public sector undertakings while private sectors are given push.

Even as suicide of farmers continues in the country, about 4 crore people are reeling under unemployment, the CPM leader lamented. Other decisions of UPA-II government like hike in diesel prices and cap on LPG cylinders are anti-people, he alleged and added that the Central government has allowed Rs. 5, 28,000 crore rupees subsides to rich industrial houses, thereby adding burden on the poor people.

Apprehending that opening the gate for foreign investors will create a lot of problems for traders and small shopkeepers, the CPM leader said that the party will protest it outside the Parliament in coming days. 

Other CPM leaders including Bishnu Mohanty, Biman Maity, Banamali Dhupal, Jahangir Ali, Ramesh Jena, Rajkishore Pradhan, Pratap Nayak and Pravat Mohanty were present.