STOCK MARKET BSE NSE

BJP and BJD Competing to Push Inflation: Niranjan

Published: 23rd June 2014 08:58 PM  |   Last Updated: 23rd June 2014 08:58 PM   |  A+A-

By PTI

BHUBANESWAR: Slamming the BJP government at the Centre for steep increase in rail fare and freight, Congress leader Niranjan Patnaik today demanded immediate roll

back of the hike as the country is reeling under severe inflationary pressure.

Accusing BJP of betraying people's trust, the former Odisha Pradesh Congress Committee president said the increase in rail fare and freight rates would have a cascading effect

and drive the economy into an inflationary spiral.

Besides severe inflationary pressure because of rise in prices of onion and potatoes, there was serious apprehension of a further rise in prices of petrol and diesel

because of the fluid situation in the entire middle east and particularly Iraq, Patnaik said in a statement.

While campaigning during election BJP had promised they would check inflation, but once they secured the mandate of the people they are talking about "bitter pill", said the former Odisha minister.

 In the past, all such economic decisions by the UPA government was termed as "anti-people" and now they havebecome "necessities for a stronger economy", he said adding

people have been cheated by the government.

The Railways have not been incurring any operational  loss and therefore, the central government should have waited for the regular budget to find funds for ongoing railway projects, Patnaik said.

The UPA government had already allowed infusion of  additional funds into the railways by allowing investment by the private sector on PPP mode in the dedicated freight corridor  though the response had not been encouraging, he said.

The former PCC chief also attacked Odisha government for its subdued criticism of the central government.

 The state government has lost touch with people and raised excise duties on Petroleum products which would meanpeople of Odisha would pay more than people of other states, he said.

"The decision of the state government is ill-timed, unjustified and avoidable. The problem is, BJD is clueless about economic growth, finds no way of augmenting revenue collection and have passed on the burden to the common man to fund populist sops that can win votes. Why has the growth rate dipped and why has revenue collection been poor?" he asked.

The former minister demanded an immediate roll back of  the rise in passenger fares and the increase in excise onpetroleum products by the Odisha government.

It seems the BJP in Delhi and the BJD in Odisha were competing with each other to produce higher rates of inflation after winning the election, Patnaik added.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp