BJP demands all-party conference on financial crisis

November 11th, 2008 - 8:00 pm ICT by IANS  

New Delhi, Nov 11 (IANS) The Bharatiya Janata Party (BJP) Tuesday asked the United Progressive Alliance (UPA) government to call for a round-table conference on the global financial crisis for it has affected Indian industries as well.“We demand that the government must convene a round-table conference to discuss the issue (of global meltdown) with economists and all other major parties in another 15 days,” party spokesperson Prakash Javadekar told reporters here.

Javadekar said the global meltdown is not a problem only of the western countries but it has begun to have its effects here also.

“All major automobile companies have been working either one shift or just three days a week. The textile industry is the worst hit, followed by the automobiles and IT sector. Laying off has already started,” added Javadekar.

He also said: “The US has offered a $700-bn bailout, China has announced $600-bn bail out and Europe is talking about a possible $400-bn assistance. What have we done? We just announced five committees.”

He said the crisis is not “an issue just of the Congress party”.

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