No Marx for economic policy: Opposition
The BJP has demanded the resignation of the UPA government as it has betrayed the “aam aadmi” (common man), whose interests the Congress-led alliance claimed to protect.
By TNN |
NEW DELHI: The BJP has demanded the resignation of the UPA government as it has betrayed the ���aam aadmi��� (common man), whose interests the Congress-led alliance claimed to protect. The BJP said that ���the sooner the aam aadmi shows the door to the UPA government the better it is.���
The main Opposition party said that the UPA government has paid no attention either to the overall economy and agriculture and infrastructure have been ���ignored��� . Charging gross mismanagement of the economy, the BJP said that ���fiscal deficit is expected to reach an alarming figure of 10 % of GDP.��� This level of deficit financing will ���further accelerate��� inflation , the BJP claimed.
The resolution blamed a ���weak and ineffective��� prime minister, and ���deep differences��� among the Congress ministers as reasons for the government���s inability to tame inflation.
The party maintained that the UPA government is suffering from a paralysis caused by internal contradictions and its incompetence to deal with the serious problems like rising prices. ���While the prime minister has his foot on the accelerator, the Left parties have their���s on brakes while the steering is in the hands of the super PM,��� BJP said in an economic resolution passed here at the meeting of its National Executive Council.
Referring to possible hike in oil prices, it said government had rather benefited from the rise in international crude oil prices through more tax collections. ���The UPA government is making the burden of the common man unbearable. In 2004, the revenue earnings from petroleum products was Rs 70,000 crore. In 2007-08 it has jumped to Rs 1,70,000 crore,��� said the resolution.
It said during the UPA government the prices of petrol, diesel have been increased eight times with the result that petrol prices have gone up to Rs 47 a litre from Rs 30.25 a litre in 2004 during NDA regime.
Attacking the government for its failure to contain rising prices, the economic resolution said government could not pass on the buck to rise in international prices. ���There cannot be parity between the low wages and earnings of the majority of the people in India and the prices world over.���
The main Opposition party said that the UPA government has paid no attention either to the overall economy and agriculture and infrastructure have been ���ignored��� . Charging gross mismanagement of the economy, the BJP said that ���fiscal deficit is expected to reach an alarming figure of 10 % of GDP.��� This level of deficit financing will ���further accelerate��� inflation , the BJP claimed.
The resolution blamed a ���weak and ineffective��� prime minister, and ���deep differences��� among the Congress ministers as reasons for the government���s inability to tame inflation.
The party maintained that the UPA government is suffering from a paralysis caused by internal contradictions and its incompetence to deal with the serious problems like rising prices. ���While the prime minister has his foot on the accelerator, the Left parties have their���s on brakes while the steering is in the hands of the super PM,��� BJP said in an economic resolution passed here at the meeting of its National Executive Council.
Referring to possible hike in oil prices, it said government had rather benefited from the rise in international crude oil prices through more tax collections. ���The UPA government is making the burden of the common man unbearable. In 2004, the revenue earnings from petroleum products was Rs 70,000 crore. In 2007-08 it has jumped to Rs 1,70,000 crore,��� said the resolution.
It said during the UPA government the prices of petrol, diesel have been increased eight times with the result that petrol prices have gone up to Rs 47 a litre from Rs 30.25 a litre in 2004 during NDA regime.
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Attacking the government for its failure to contain rising prices, the economic resolution said government could not pass on the buck to rise in international prices. ���There cannot be parity between the low wages and earnings of the majority of the people in India and the prices world over.���
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