22 November Friday

Economic Slowdown Worrisome : CPI(M) Polit Bureau

Polit Bureau StatementUpdated: Wednesday Dec 28, 2022

 

PB Communique

 

Date :   December 28, 2022

 

The Polit Bureau of the Communist Party of India (Marxist) met in New Delhi on December 27-28. It has issued the following statement:

Economy : The Polit Bureau expressed its concern at the deepening recessionary conditions in the Indian economy. Notwithstanding all propaganda and claims made by the government of economic recovery, investments in augmenting India’s productive capacities are not growing.

Industrial output contracted by a sharp 4 per cent in October, the second time in 3 months. The Year-on-Year data shows a significant 5.4 per cent drop in manufacturing output. The Index of Industrial Production (IIP) stood at 129.6 in October, lowest since September 2021. Production of consumer durables shrank by 15.3 per cent and consumer non-durables by 13.4 per cent. This is an indication of continued decline in peoples purchasing power capacities.

Growing Unemployment: Joblessness rate continues to be elevated. Worse, this is accompanied by the fall in the Labour Participation Rate and employment rate. Unemployment rate rose to 8.8 per cent in December compared to 8 per cent in November. Urban unemployment galloped to 9.6 per cent while rural was 7.8 per cent.

Price Rise: Inflation continues to soar. Food inflation continues to impose more miseries on people’s livelihoods.

Polit Bureau demands massive hikes in public investment in jobs-generating infrastructure areas, without which neither employment generation nor a growth in peoples purchasing power capacities can materialise.

Merger of PMGKAY with the Food Security Act: The ‘free’ ration under the 2013 Food Security Act for nearly 2/3rds of our people for the year 2023 is an admission that the spectre of hunger stalking the country cannot be overcome otherwise. This is the truth despite the vociferous denial by Modi government of the Global Hunger Index describing hunger in India as “very serious”.

While 5 kgs of food grains would be provided free to 81.35 crore people, they will now be denied 5kg of food grains at subsidised rate of Rs 3 / kg for rice, 2 / kg for wheat and Rs. 1 / kg for grains that was existing under the FSA. As a consequence, in order to make up for the 5 kgs of subsidised food grains, so essential to maintain nutritional levels, people will have to go to the open market where wheat is selling around Rs 30+ / kg and rice at Rs. 40 +/ kg. this would be a cruel blow to crores of house holds struggling to survive.

Poilt Bureau demands that both the free 5 kg under PMGKAY and 5 kg at subsidised rates under the FSA should continue.
Sharpening Communal polarization: Incendiary calls for violent criminal attacks against the Muslim minority by a ruling party MP is utterly condemnable. Strangely, the authorities instead of taking suo moto notice and registering criminal case have said that they will act only upon a ‘complaint’ against this speech. This is open patronisation and protection provided to people who spread such poisonous hatred, violence and terror.

There are growing reports of dangerously intensified hatred against the Muslim students in educational institutions. Instances of attacks on Christian minorities are also growing.

The scheme for scholarship and fellowships for Muslim students under the name of Maulana Azad National Fellowships (MANF) has been scrapped. Government informed the Parliament that the decision was taken as MANF overlaps with various other scholarship schemes. This is blatantly incorrect. Muslims and other religious minorities are not considered OBCs in various states. This scholarship scheme, must be restored.

Judiciary: The Modi government has intensified the efforts to push for a dominant say for the government in judicial appointments and transfers leading to a confrontation between the judiciary and executive, between the collegium system and the National Judicial Appointments Commission (NJAC) that was invalidated by the Supreme Court.
The CPI(M) strongly resists and opposes all efforts by the Modi government for Executive control over Judicial appointments. The independence of the Judiciary must be uncom

 

 


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