New Delhi::The Left parties on Friday blamed the Government for failing to check the rising inflation graph and trashed the argument about price rise being a “global phenomenon”. The Government is looking towards the rain god to increase the agricultural production. The global phenomenon argument is just an excuse, the CPI leaders said.

“The country should have its own public distribution system which subsidises foodgrains and essential commodities purchased by the common people,” CPI general secretary A B Bardhan said.

The CPI(M) has called for nationwide agitations against price rise on May 15, except Karnataka where elections are being held.

Reacting to the latest rise in the inflation rate, partyman D Raja said, “Despite tall claims by Finance Minister P Chidambaram in regard to fiscal and monetary measures, inflation rate is going up. It shows the Government’s failure. How are they going to balance between GDP growth rate and inflation.”

Raja also demanded a review of the Fiscal Regulation and Budget Management Act, saying there is no rationale in having such a law in a developing economy.

The party said the Government’s refusal to put curbs on private companies buying foodgrains and prohibiting forward trading in 25 agricultural commodities, reveals the bias in favour of big business and trading companies at the expense of common people.

Ads By Google