The Polit Bureau of the Communist Party of India (Marxist) has issued the following statement:
The CPI(M) strongly opposes the Government’s decision to sell 10
million tonnes of “surplus” foodstock to bulk consumers like flour
millers and biscuit makers through auction under the open market sale
scheme as a part of its supposed plan to tackle inflation and dispose
the rising foodstocks. 2.5 million tonnes of grain will be allocated
monthly through auction for the next four months on a “no profit, no
loss basis”. The Government through this decision intends to transfer
food subsidy as largesse and to benefit traders and manufacturers,
including big companies and not to those in hunger and food insecurity.
It is totally irrational to claim that this will control prices.
The utter failure of the UPA Government to control food inflation
is shown by the August figures that food prices had gone up by 12.03 per
cent, which was before the recent hike in diesel prices which will lead
to further rise in prices. The Consumer Price Inflation (CPI) was 10.03
per cent in August, and the Wholesale Price Index was 7.55 per cent,
mainly due to a rise in food prices. India has the dubious distinction
of having the highest retail inflation among emerging BRICS nations .
If the Government is interested in controlling prices, a most
obvious step would be to increase supplies through the public
distribution system. At present the Government is holding around 5 crore
tonnes of surplus stocks of foodgrains. Instead of “liquidating the
stocks” by auction or exports, the grains should be distributed
universally, scrapping the discriminatory APL/BPL divisions with a
minimum allocation of 35 kg of foodgrains of good quality per family at
the maximum price of two rupees a kilo. This should become a legally
enforceable right in the next Parliament session.
The CPI(M) demands that the Government should reverse this decision.
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