Staff Reporter

The Telugu Desam leader faults government’s policies

‘ONGC shelves its plan to set up refinery at Kakinada’

Stir threatened on rising inflation

Kakinada: Telugu Desam Polit Bureau member Yanamala Ramakrishnudu has said the ONGC almost shelved its plan to set up its refinery at Kakinada as the Ministry of Petroleum and Natural Gas is interested in helping the Reliance Industries acquire valuable lands between the coast and NH-5.

The ONGC long ago evinced interest in setting up its refinery at Kakinada, but now its chances are bleak as the State government is prepared to roll out red carpet to the Reliance Industries which is in advanced stages of extracting gas from the K-G basin. Addressing a press conference here on Monday, Mr. Ramakrishnudu said that the State Government has talked much of developing an industrial corridor between Visakhapatnam and Kakinada and gifted away valuable lands to entrepreneurs but none of them commenced operations in the much-hyped Special Economic Zones (SEZ). The burden due to various concessions granted to the SEZ on the national exchequer was in excess of Rs. 1,00,000 crore but the returns were negligible.

Inflation

Mr. Ramakrishnudu expressed apprehension that India was on the brink of joining the list of 39 countries which were facing food crisis due to the ‘imprudent’ policies of the Central and the State governments. The rate of inflation reached 7.6 per cent from 3 per cent when the United Progressive Alliance formed the government at the Centre. A few market intervention measures were taken, causing the prices to rise further, he said.

The government was not feeling shy to make false claims while the people suffered a substantial increase in prices disproportionate to income levels. If there was no change in government’s attitude, the TDP would organise a Statewide agitation.

Party leaders K. Kala Venkat Rao, Chikkala Ramachandra Rao and others were present.