According to the CPI-M, the neo-liberal policies of the UPA government have widened the gap between the rich and the poor and the country is today divided between ‘suffering’ and ‘shining’ India
Expressing concerns over the declining value of rupee and a serious economic situation, the Communist Party of India (Marxist)- CPI(M) has asked the union government to take immediate measures to retrieve the situation.
Expressed serious concern during the zero hour in Lok Sabha, CPI (M) leader Basudeb Acharia said, “Government has failed to check the sliding of the rupee which is now worth over Rs60 per dollar. Inflation in food articles is over 10 per cent and prices of all essential commodities have reached abnormal levels. The situation is serious.”
Livelihood of the people has reached 'precarious levels with one-fourth of the population going to bed in empty stomach. The rate of employment generation has gone down from 2.8% to 0.8%, he said.
“All this is happening because of the wrong policies pursued by the government. The neo-liberal policies have widened the gap between the rich and the poor and the country is today divided between ‘suffering’ and ‘shining’ India,” he said, adding the hike in diesel prices was raising costs, adversely affecting the people.
Acharia demanded that the government “immediately revert all its neo-liberal policies” to retrieve the situation.
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
Fiercely independent and pro-consumer information on personal finance.
1-year online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
Complete access to Moneylife archives since inception ( till the date of your subscription )
