New
Delhi : Communist Party of India(CPI) on August 20,2013 squarely
blamed the Prime Minister and the Finance Minister for the present “
pathetic” economic situation in the country, calling for the nationwide
people’s struggles to force the Congress-led UPA( 11) government to
abandon its neo-liberal policies.
“We are worried India has to pay dearer for the fault
of keeping the UPA (11) in power. Bigger struggles of the people are
expected in the coming months,” CPI general secretary S Sudhakar Reddy
said here.
Sudhakar’s remarks came a day after the Indian rupee
continued to plumb new depths recording its biggest single day fall in a
decade on Monday. With rupees 63.30 to a dollar it touched its lowest
ever, recording biggest single day fall in a decade.
He said while the prices of food grains and other
essential commodities are going up, the burgeoning unemployment and all
prevailing corruption are other major worries. The credibility of the
UPA (11) is at its lowest ebb.
“This will lead to more serious complications in the
political arena. A weak government can not solve the problems of the
nation,” CPI general secretary said.
He said Manmohan Singh’s neo-liberal economic policies coupled with Chidambaram’s arrogance had created the present position.
Pro-corporate policies added fire to the fuel.
“A weaker government, which is unwilling to take strong
measures to control prices, implement labour laws is causing much harm
to the man-in- street and the nation. There is no other solution except
fighting back these anti- people policies of the Congress-led UPA
government.”
Giving a historical overview of the present economic
situation, the CPI general secretary said the fall of the rupee versus
dollar is a” symptom” of crisis of Indian economy.
In spite of tall claims of the Prime Minister and the
Finance Minister they failed to stop the fall of the rupee. In 1947
Indian rupee was equal to the dollar. In late 1960’s it was 8 rupees a
dollar. Under the leadership of Chidambram as the head of the Indian
financial system, it had gone down to over 63 rupees to a dollar.
Furthermore, he said, foreign exchange had now only
6-7 months reservoir. This is a pathetic situation. Chidambram is to be
squarely blamed because instead of finding scientific alternatives he
made India to believe that FDI’s would solve all the problems and they
are coming in plenty.
संदेश
