www.expressindia.com - Weather | Horoscope | Stocks | RSS
expressindia web city
HomeBlogsCricketAstrology TendersClassifieds Reader Comments Hotels
Sign In / Register | Archive
Expressindia » Story

No pulling down UPA govt on price rise: Yechury

Font Size

Express news service

Posted: Apr 15, 2008 at 0345 hrs IST

Kolkata, April 14 The Left parties will continue to pressurise the UPA on the accelerating inflation but will not pull down the government at the Centre.

This is what CPM leader Sitaram Yechuri said at an interactive session on “Inflation and its impact on economy” in city today.

“There is no bravado in pulling down the UPA government,” Yechury said.

“The dilemma before us is that this (economic) policy was earlier adopted by the BJP-led NDA government and is now being followed by the UPA government. There is no guarantee that this policy will not continue when the next government, be it BJP-led or by UPA, comes to power.”

Regarding why the Left has not criticised the UPA on inflation as much as on the nuclear deal, Yechury said the latter was a different matter and the BJP was opposing it too. “It will be difficult for the BJP to oppose the deal if it comes to power, though,” he said.

The deflation policies of the UPA government can be disastrous for the economy, Yechuri said, advocating a ban on futures trading in agricultural commodities as this was one of the chief reasons for the rise in prices of foodgrain.

He said the futures trading is essentially a speculation and not trade. “If you allow speculation on foodgrain then prices will rise. It is not the Indian trading companies that are making a profit but the big MNCs,” he said.

Discuss this story on expressindia forums
Post Comments
Name* Email ID*
Subject* Country*
Message*
Characters remaining
 
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
I agree to the terms of use.

Latest News

Business

Showbiz

Sports

CWG scam: Delhi HC grants bail to Games chief Suresh Kalmadi

Narendra Modi's 'pranks' sparked 'constitutional mini-crisis': Judge

Days before model code, Badal govt showered monsoon relief cheques

Orissa Dalit gangrape: Charged with sheltering accused, agriculture minister resigns...

Can't act against Zardari, Gilani tells Pak SC; case adjourns till Feb

Pak memo scandal's latest twist: Naked wrestling

Stuck in door, man dragged by train to next Metro station

More
© 2011 The Indian Express Limited. All rights reserved
Advertise With Us | Privacy Policy | Feedback | Express Group | Site Map