CPM slams Economic Survey

As the government on Thursday unveiled plans to speed up disinvestment and embark on radical financial reforms in the Economic Survey,the CPM slammed it saying the policy direction suggested by the document was inimical to national interests.

It said that while the survey brought out the adverse impact of the global financial crisis on the Indian economy,it failed to suggest any steps to address the human dimensions of the slowdown like job losses and declining incomes. At a time when the world is reverting to various forms of regulation of the financial sector,the Economic Survey suggests opening up of crucial sectors of the economy to FDI and deregulation of the financial sector in the name of revisiting economic reforms, the CPM Politburo said.