[Marxistindia] Finance Minister's Recipe

[news from the cpi(m)]

September 15, 2019
 
Press Statement
 
The Polit Bureau of the Communist Party of India (Marxist) has issued the
following statement:
 
Finance Minister's Recipe 
Will only Aggravate Economic Slowdown
 
Instead of announcing a big increase in public investment to build our
much-needed infrastructure, at the same, generate employment and thereby
boost domestic demand, the Finance Minister has once again announced
measures that in the first place have caused this economic slowdown
bordering on recession. 
 
The emphasis on targeting private investment in the realty sector and the
effort to boost exports cannot succeed. Global trade volumes are shrinking
and houses are not being purchased because of sheer lack of purchasing power
among the people.
 
The Rs. 70,000 crore worth of packages announced yesterday, instead should
have been put to use in increasing public investment and paying the arrears
of the MNREGA which would have boosted the purchasing power in rural India.
 
The Polit Bureau of the CPI(M) calls upon the people to rise in protest
against these policies that only favour the maximization of profits at the
expense of growing misery for the people. 
 
 
 
 
 
 
For CPI(M) Central Committee Office
 
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