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Yechury finds fault with Modi’s pro-rich policies
Communist Party of India-Marxist (CPI-M) politburo member Sitaram Yechury on Sunday called upon the people to build a strong movement to counter the pro-rich economic policies and pro-imperialist approach adopted by the NDA government led by Narendra Modi.
Vijayawada: Communist Party of India-Marxist (CPI-M) politburo member Sitaram Yechury on Sunday called upon the people to build a strong movement to counter the pro-rich economic policies and pro-imperialist approach adopted by the NDA government led by Narendra Modi.
Delivering the inaugural address at the 24th State Congress of the CPI-M Andhra Pradesh unit here, Sitaram Yechury said that the economic policies of the Central government were widening the gap between the rich and the poor. The government was withdrawing subsidies to the people considering them as a burden, he said.
Decrying the lopsided policies, Yechury said that the country has over 100 richest persons whose wealth is more than 45 per cent of the nation’s wealth. The government was showering grants to the tune of Rs 5,600 lakh crore as incentives to industry and business sectors, while the total deficit stood at Rs 5,200 lakh crore. The country would be having surplus budget if the incentives were withdrawn to the rich. Instead subsidies were restored to the needy. The CPI-M leader took strong exception to the Central government imposing excise taxes and State government imposing value-added tax on diesel and petrol.
The CPI-M senior leaders B V Raghavulu, P Madhu, Paturi Ramaiah, V Srinivasa Rao, Dr Hemalatha, party Telangana unit secretary T Veerabhadram, Bhadrachalam MLA Sunnam Rajaiah, CPI secretary K Ramakrishna, RSP leader Janakiramulu, Forward Bloc leader Sundararama Raju, CPI-ML Liberation leader N Murthy, SUCI(C) leader B S Amaranadh, MCPI (U) leader M Venkata Reddy, CPI-M senior leaders Y Venkateswara Rao, M A Gafoor, S Punyavathi, V Krishnaiah and others were present.
