BJP terms Cabinet Committee on Prices steps on inflation as mere patch work

April 2nd, 2008 - 9:40 pm ICT by admin  

New Delhi, Apr 2 (ANI): Criticising the UPA Governments efforts to curb the walloping inflation, the Bharatiya Janata Party on Wednesday said that the steps being taken by the Cabinet Committee on Prices (CCP) is nothing but mere patch work.

It is worth noting that the prices of all individual key food commodities have risen in double digits as compared to the Wholesale Price Index (WPI). The enormity of the problem cannot get addressed by merely lowering certain customs tariff, said BJP National Spokesperson Rajiv Pratap Rudy.

Rudy further said that the absence of any long-term measures to soothe the inflationary trends is only a knee jerk approach to solving the problem, and this also amply reflects the fudged economic disarray of the UPA Government.

The governments hollow claim that inflation has much to do with soaring prices at the international level, and thereby compelling India to import it, is an unacceptable and outlandish alibi, he added.

Rudy pointed out that just a day after the CCP meeting, the prices of cement have been raised upto five rupees on a 50 Kg bag.

Simultaneously oil companies have hiked the jet fuel prices by 14 per cent. While rise of the WPI has been attributed to rise in prices of basic metals, the Railway Ministry has revised the classification of transported iron ore to a higher category and in the process effected a cost hike of 5.6 per cent on transportation of iron ore, he added.

Rudy also said that the Congress leaders are coming forth with absurd logics and knee jerk reactions.

Veerappa Moily blames the Olympics in China for high prices of Steel and Cement in India, while Digvijay Singh accuses all the states across the country of indulging in hoarding and black marketing, he said. (ANI)

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