BJP blames futures trading for price rise

BJP president Nitin Gadkari addresses the party's national council meeting in Indore. Photo: A.M. Faruqui

The Bharatiya Janata Party (BJP) on Friday blamed futures trading in the commodity market for rising food prices.

“The BJP believes that the most important reason for price rise, apart from incompetence and lack of leadership, is rampant corruption. Members of the cabinet have made money through futures trading in the commodity market,” senior party leader Yashwant Sinha said here.

Mr. Sinha was presenting the BJP’s economic resolution at its national council meeting. The three-day gathering ends Friday.

He urged Prime Minister Manmohan Singh and Congress president Sonia Gandhi to take immediate steps to check the prices. “Enough is enough. Perform or (face) the wrath of the people,” he said.