Wrong diagnosis, says Yechury

New Delhi: The Communist Party of India (Marxist) on Friday questioned the government’s decision to “cling” on to neo-liberal policies when its “trickle down economics” was getting discredited across the world.
Briefing journalists here on the party’s suggestions on how India should deal with the impact of the global economic crisis, CPI(M) Polit Bureau member Sitaram Yechury said: “The government has made a wrong diagnosis and, therefore, its prescription will not help the country. The government refuses to accept the fact that the crisis reflects bankruptcy of the ideology of neo-liberalism.”
In particular demanding a cut in fuel prices, Mr. Yechury wanted to know why the government was shying away from this much-awaited decision when it had reduced aviation fuel price by Rs.26 per litre.
Import duty and excise duty on aviation fuel had been reduced but no effort was being made by the government to cut petrol and diesel prices. A cut in fuel prices is among the suggestions that the CPI(M) has made to protect India from the global economic crisis.
08/11/08 The Hindu

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Categories: Indian Aviation- In General Nov 2008