Neo-liberal policies pushed India to a deep financial crisis'

Mangalore, June 29: The wrong neo-liberal policies followed by the Congress and BJP governments have pushed India to a deep financial crisis, according to senior CPI(M) leader and Lok Sabha member Basudeb Acharia.

Speaking at the Dakshina Railway Employees Union (DREU) Palghat division conference at Town Hall here on Thursday, he said that India is passing through a tough period and the working class in the country is struggling to make the ends meet.

He said that the growth rate has come down drastically and all over India, labour unions, irrespective of the political parties they have affiliated to, are fighting against the wrong labour policies of the government. The railway employees cannot keep themselves aside from this movement, he said.

The senior Communist Party leader from West Bengal said that the people of India are always against the neo liberal policies which the government has imposed on them “When P V Narasimha Rao was India's Prime Minister, neo liberalism was introduced in India. But now if you search, nowhere you can find a statue of Narasimha Rao.”

The former NDA government as well as the current UPA government under Manmohan Singh is following the same flawed policies that lead the common man to trouble.

“Whether ever they reviewed the adverse impact of neo-liberal policies on working class? Government should assure security to the weaker section of the society while implementing such policies,” he said.

Government should realise about the changes taking place around them. “In United States, the Wall Street protest was an eye opener for the government. Many governments in Europe fall down due to their implementation of financial policies which were introduced under the guise of austerity measures.

In France, a Socialist comes into power after many years. Indian government should learn from these international lessons,” he said.

He said that railway employees should be united to gain their needs. Private partnership in railway should be opposed. Employees should also intensify their protest not to allow foreign investment in insurance sector.

The conference elected Mehboob Ali as the President of DREU and Mathew Syriac P as Secretary.