Price rise fallout of neo liberal policies: CPI (M)
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Last Updated: Monday, February 15, 2010, 23:24
Kozhikode: Observing that the 'unprecedented' price rise has eroded livelihood of millions of people, CPI (M) General Secretary Prakash Karat today said the phenomenon was direct fallout of the 'neo-liberal' policies pursued by the Centre over the last two decades.

The genesis of steep hike in prices of essential goods lies not in natural calamities but in the liberal policies of the Congress-led government at the Centre which led to costly imports and reduced prices for farm produce driving many a farmer to withdraw from cultivation, he said.

Expressing concern over steep hike in sugar price,Karat said some sugar mills in India had registered 2,500 per cent growth in profit while sugarcane growers were forced to withdraw due to poor prices for their produce.

''The Congress Government, which has thrown the economy to the market forces, has not come out with effective steps to hold the price line,'' he said, inaugurating a seminar on 'EMS and Kerala Development' hosted as part of the valedictory function of the year long birth centenary celebrations of the late Marxist leader E M S Namhoodiripad.

As the country is projected to achieve eight to nine per cent growth rate, the number of unemployed has risen and such a growth rate which does not guarantee income and social security went against tenets of sustainable growth, he said.

"The Centre is now exploring possibilities of weakening Public Sector units by going in for disinvestment proposals and bring in private sector through backdoor," he alleged.


First Published: Monday, February 15, 2010, 23:24

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