COMMUNIQUÉ OF CPI (M) CENTRAL COMMITTEE AFTER ITS MEETING ON 04-03-2011 AND 05-03-2011
The food inflation rate stood at 15.67 per cent in January 2011. This shows that the food prices index has risen by a further 15 per cent from January 2010 to January 2011. The Congress-led government stands indicted for its failure to curb food inflation. The UPA government, pursuing the neo-liberal agenda, wants to allow FDI in retail trade and the replacement of the system of subsidised food through PDS with direct cash transfers. The CPI(M) opposes these steps. It demands enhancing the State support for agriculture and a universal PDS.
