The Parliamentary Standing Committee on Finance has recommeded to improve the FDI, It has also suggested reduction in the subsidy on diesel and LPG. But it is not unanimous recommendations. The M.P.s from the Left Parties who are members of the Standing Committee have strongly opposed these suggestions.
Already the subsidies on petrol, diesel, LPG have been reduced. The Committee’s recommendation, if accepted, will raise the price of these utilities and will cut in to the already cut expenditure of the poor. The Chairman of the Committee is former Finance Minister and BJP leader Shri Yashwant Sinha. Both the Congress and BJP are together is reducing the subsidies to the poor. It is only the Left Parties which stands up for the downtrodden and toiling masses.