CPI Expresses its Disappointment over Govt’s Package Announced by FM
The National Secretariat of the Communist Party of India issued the following statement today (May 14, 2020) expressing its disappointment over the govt’s package announced by finance minister:
The National Secretariat of the Communist Party of India expresses its disappointment over the package announced by the Union Finance Minister on May 13, 2020 as it neglects the plight of migrant labourers in particular and problems of labourers in general. Similarly, the absence of help to state governments to address the critical situation at this time of crisis will have adverse impact on the states’ ability to revive the economy and help the people. The principle of federalism should be followed to combat the crisis.
In this challenging times, demand and supply chains are both affected and hence the package should have taken care of the both. But the present package neglects the demand side hoping that boosting the supply side will take care of the demands by increasing employment.
Eventhough concessions, stimulus and certain other measures have been announced for MSME sector, due to the changes in the definition of the MSMEs only the top echelon and corporates would be benefited.
Emphasis on improving the role of public sector in health, housing and infrastructure is lacking. The talk of self-reliance should not be an empty rhetoric. The Party demands more help to the labourers and agriculture sector to tide over the grave situation.