FM Package only to Hoodwink People: CPI
The National Secretariat of the Communist Party of India has issued the following statement today (October 13, 2020) terming Union finance minister’s revival package as nothing but a move to hoodwink the people from the government’s failures:
The National Secretariat of the Communist Party of India terms the announcement of a set of measures by Union finance minister Nirmala Sitharaman on October 12 for reviving consumption and investment activity in the economy as nothing but a move to hoodwink the people from the real problems facing the people and country.
The Party is of the firm opinion that the package will not result in any meaningful, durable push to economic activity. The economy is in shamble and any piece-meal approach to boost consumer sentiments is in fact aimed at hoodwinking the total failures of the Modi government in solving the burning problems of the people and country. The Finance Minister has again come out with some cosmetic announcements.
The real problem for lack of demand is that people do not have money instead of boosting employment the government policies are only reducing existing employment in the country. Cash voucher scheme, often used as a measure by corporate houses to please the employees, with the numerous restrictions imposed will not enthuse the people in any way to spend. This is not putting money into the hands of the people and is only fooling people.
The Party is of the view that on the eve of Bihar assembly elections, the government only wants to show that it is concerned. In fact it is doing nothing to arrest the rising inflation, create more jobs and put money into the hands of the people.