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Karat Attacks Govt Over Price Rise

PTI 15 Jan 2010, 19:52:51 PM IST

Attacking the Centre over spiralling prices of essential commodities, the CPI(M) on Friday  demanded an immediate ban on future trading in food articles and reduction in petroleum prices by cutting indirect taxes.

The rising prices of sugar, cereals, pulses, vegetables and milk reflected the utter failure of the Congress-led government in checking food prices and inflation, CPM general secretary Prakash Karat said today while addressing a press conference in Chandigarh. 

"It is not the states but the Centre which is responsible for the rising prices. The recent note issued by the Cabinet Committee on prices shows that the Centre wants to shirk its own responsibility by blaming the states," Karat claimed. 

He said the sugar prices rose because the Centre failed to build a buffer stock and instead the government incentivized exports helping big traders. 

The CPM leader demanded that the Central government release cereal stocks through the PDS by increasing rice and wheat quotas of the states. 

The government in coordination with states must launch a nationwide crackdown against hoarders and black marketeers, he added. PTI