Category Archives: Price Rise

Cabinet approves merger of associated banks with SBI

15 Wednesday Jun 2016

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Though the NDA government is taking undue delay in taking decisions on the recommendations of the VII CPC, on the justified demands of the working class and also stopping the high price hike, it is moving fast with destroying the Public Sector Units. The latest is the cabinet decision to merge the 5 associated banks with the SBI, which is strongly opposed by the bank employees and the trade unions. In the name of strengthening the SBI, it is destroying the associated banks which have served the people in a big way. The merger will neither serve the interests of the SBI. Many branches will be closed and employees will be reduced.

The organisations of the Bank employees are on struggle against the fully unjustified decision of the government. Our full support and solidarity to them. We demand the government to retract from the wrong step.

Petrol, Diesel Price increased

01 Sunday Mar 2015

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On the day the Central Budget has been presented, the price of petrol and diesel has increased. The price of petrol is increased by Rs.2.18 per litre and that of diesel by Rs.3.09. This is effective from the midnight of 28th February – 1st March 2015.

This is the second time that the price is increased recently. When global prices are reduced, the full reduction is not given. But when the prices go  up, it is fully implemented. This is completely wrong and anti-people.

Participate in the National Protest Day on 5th December 2014

05 Friday Dec 2014

Posted by in Neo-liberal policy, Price Rise, PSU, TU News - India

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Crores of workers all over the country is observing today, 5th December 2014, as National Protest Day as per the call of the 11 Central Trade Unions and the independent Federations of Central, State, Public and Private Sector trade unions. The workers are protesting against the anti-worker, anti-people policies of the government and focusing the 10 point demands raised by them, including putting a stop to the spiraling prices of essential commodities, a minimum wage of Rs. 15,000 to contract workers and No to disinvestment and privatisation.

Demonstrations and Rallies will be held in all centers jointly by the trade unions. In Delhi, the rally will be held at Jantar Mantar which will be addressed by central trade union leaders.

This is a warning to the central government which is trying to curtail the hard earned rights of the workers and moving fast to sell the family silver of the people to the corporates and the MNCs.

Let us all participate in the programme and make the National Protest Day a big success!

Don’t Increase Tax on Petrol and Diesel – CPI(M)

14 Friday Nov 2014

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New Delhi, November 14: The Polit Bureau of the Communist Party of CPI(M) has issued the following statement:

No Increased Tax on Petrol and Diesel

The Polit Bureau of the CPI(M) expresses its strong opposition to the Modi government’s decision to increase excise duty on petrol and diesel. There has been a steep hike of Rs. 1.50 per litre.

Petrol and diesel are already heavily taxed and this constitutes a major part of the retail price. Therefore, there is no justification for this tax hike.

The government is misleadingly stating that this hike will not result in an increase in the retail price of petrol and diesel. However, what it actually does is to prevent a further reduction in the retail price which is due. This amount is being mopped up to augment government revenue to the tune of Rs. 6,000 crore in the current financial year. Not only the people have been deprived of a substantial reduction in petrol and diesel prices, but in future when international oil prices rise, the tax burden on the people will increase.

There is a need for an immediate review and revision of the tax structure on petroleum products. The iniquitous ad valorem tax should be given up and a more rational tax structure instituted.

CPI(M) Statement of Gas/ Diesel Price

20 Monday Oct 2014

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October 20, 2014

Press Statement

The Polit Bureau of the Communist Party of India (Marxist) has issued the following statement:

Against Deregulation of Diesel Prices

The CPI(M) condemns the deregulation of diesel pricing. This is nothing but an abdication of the responsibility of the government to control and regulate the prices of a crucial item of fuel which has a direct impact on the prices of all essential commodities.

The deregulation has been announced along with a reduction in the retail price of diesel following a sharp decline in the price of crude oil in the international market. However, it is absolutely wrong to link the deregulation to the reduced diesel price. Given the volatility of crude oil prices in the international market, the rise in prices of crude oil is much more than the occasional drop. After deregulation when the international prices rise, there will be a consequent increase in the prices of diesel in India.

The Modi government has completed the dismantling of the administered pricing mechanism for petroleum products and introduced the import parity pricing in line with the prices of finished products in the international market. This will only help the oil companies including the private ones.

The CPI(M) demands that the government restore the administered pricing mechanism and a cost plus pricing method which will lower the domestic price of petrol and diesel.

Gas Pricing

The Modi government has not followed the UPA government in accepting the Rangarajan Committee faulty prescription for doubling of the gas prices. It has increased the price of gas to $ 5.61 from the existing $ 4.2. However, it is reported that there is a provision for premium for gas explored from deep-sea fields and for revision of prices every six months. This raises the question whether more increases in gas prices are in the offing.

The CPI(M) reiterates that the pricing system should not be based on the average of prices ruling in international hubs without any reference to the domestic cost of production of gas. Under this, any increase in gas pricing means a windfall gain to gas producers and increasing burden on the people.

Delivery of Subsidised LPG

The announcement of cash transfer scheme through banks for delivery of subsidy for LPG cylinders will lead to the exclusion of a substantial section of the people entitled for the benefit of the LPG subsidy. A large number of ordinary people still do not have access to banking services despite the much touted “jan dhan yojana”.

Diesel Price deregularised, strong opposition required

18 Saturday Oct 2014

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The Cabinet which met today has decided to deregularise the price of diesel. Now it will be linked to the market. This was a move started by the UPA government, but due to strong protest from political parties, the move was dropped. Now the NDA government has implemented the same.

And immediately the price of diesel in Delhi has been reduced by Rs.3.37 for a litre, to show that the present move will benefit the customers, the people. Now it is reduced, but the chances are that the price will increase by leaps and bounds as we have seen in the case of petrol prices when it was deregularised and linked with market.

There should be strong protest against this anti-people move of the NDA government. More burdens are put on the shoulders of the common man.

Railway Budget – A Move to Privatisation

08 Tuesday Jul 2014

Posted by in General, Price Rise

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The Railway Budget presented by the NDA Government is nothing but a roadmap for PPP and Privatisation. Further, though no fares have been increased in the budget after the big increase days before, the chance for further increase is there connected with the fuel price increase. There is no mention about the filling up of the more than 3 lakh vacancies, especially in the areas of operation and connected with the safety arrangement.
There is clear indication for increased FDI and FII, which is also part of the privatisation process.
The opposition parties have strongly opposed the anti-people Railway budget. The parliament will see stormy scenes against the same.

Postal Workers Collecting Datas for CPI (Consumer Price Index)

28 Tuesday Jan 2014

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“Global investors may well be putting their faith in postmen like Phanin Deka when they decide to buy or sell Indian assets in the future.

He is one of about a thousand post workers collecting data that determines the level of India’s consumer price index, which is likely to become the central bank’s most important tool for setting monetary policy.

Deka, a postmaster in Sarpara in Assam, spends six days every month visiting two villages by bicycle to collect prices from 15 shops.

“At times, some shopkeepers refuse to co-operate. I think they consider me as an irritant, particularly when customers are around,” said Deka.” (Courtesy: Hindustan Times)

Five Crore Signatures for Food Security – Left Parties

12 Monday Nov 2012

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The Left parties have been conducting  a campaign and movement for a universal public distribution system and for an  effective food security law which assures all citizens access to  food.

The campaign conducted from July to  September 2012 has met with a good response from the people in all parts of the  country.

In order to intensify the campaign and  widen the movement, the Left parties decided to conduct a countrywide mass  signature campaign.The Left parties have given a call to  collect five crore signatures. Members and activists of the Left parties will go  house-to-house to collect signatures in the months of December 2012 and January  2013.
The demands on which the signatures  will be collected and submitted to the government  are:

Set up a universal public   distribution system without dividing the people into BPL and   APL.

35 kgs of foodgrains should be   supplied at not more than Rs. 2 per kg and this should be provided for in the   Food Security law.

No Cash transfer scheme in the   public distribution system

Those who attended the meeting  included, Prakash Karat, A.B. Bardhan, S. Sudhakar Reddy, Sitaram Yechury,  Debabrata Biswas, S Ramachandran Pillai, D Raja and Abani  Roy.