Today's Paper Archive Classifieds Subscriptions RSS Feeds Site Map ePaper Mobile Apps Social
SEARCH

Centre urged to stop pursuing neo-liberal policies

Staff Reporter
Share  ·   print   ·  
CLARION CALL: The former Industries Minister and CITU State vice-president Elamaram Karim, MLA, inaugurates a delegates' session of the all-India conference of the State Bank of Travancore Staff Union at Town Hall, Palakkad, on Sunday.
CLARION CALL: The former Industries Minister and CITU State vice-president Elamaram Karim, MLA, inaugurates a delegates' session of the all-India conference of the State Bank of Travancore Staff Union at Town Hall, Palakkad, on Sunday.

: Elamaram Karim, State vice-president of the Centre of Indian Trade Unions (CITU) and the former Industries Minister, has urged the United Progressive Alliance (UPA) government “to stop pursuing its neo-liberal economic policies in the light of recession faced by capitalist countries that had implemented liberalisation policies.”

Inaugurating a delegate's session of the 19 {+t} {+h} all-India conference of the State Bank of Travancore Staff Union here on Sunday, he said the neo-liberal policies had resulted in a crisis in the agriculture and industrial sectors. Lakhs of industrial units had been closed down and millions of workers had lost their jobs. These economic policies had pushed a good section of the population into starvation and poverty, he said.

Mr. Karim alleged that the Planning Commission was interested in the economic development of the rich and the corporate giants in the country.

He said the move to give sanction to corporate banks would be disastrous to the banking sector of the country.

Inaugurating a public meeting organised as part of the all-India conference on Saturday, CITU State president K.N. Raveendranath said “if the United Progressive Alliance (UPA) government did not stop implementing its neo-liberal policies in the financial sector, Indian banks would face destruction as had happened in the U.S.”

More In: KERALA | NATIONAL

O
P
E
N

close

Recent Article in KERALA

An unforgettable evening with Marquez in Paris

Paris was to be just a stopover when Shaji N. Karun left Cannes for Thiruvananthapuram that day some 20 years ago. He was in Cannes to sc... »