Mangalore : National Secretary of Communist Party of India Com Amarjeet Kaur, said that that the nation is passing through a serious economic stagnation. The growth is jobless; there is rise in unemployment and fall in employment generation rate.

Addressing the press meet held on May 14, Tuesday, she said that Prices of essential commodities continue to be rising. Agrarian crisis is aggravating and gaps between the wages earnings of working people continues to be deepening between those who work at the grass root level and those who are in high positions in the bureaucracy and the management of big businesses and the corporate houses.

Kaur said that, on the other hand new scams are coming in the open every day frustrating the people that their needs are being ignored whereas people’s money is being floundered with impunity.

The democratic institutions are also being undermined. Parliament sessions are being scuttled while people’s issues are being pushed into the background.

After the nationwide campaign n these issues in the next few months, CPI would launch satyagraha programme in the month of September.

She said that CPI believes that there are enough resources in India to meet the basic needs of our people instead of too much dependence on international financial institutions who impose conditions which basically go against the interest of sustainable development, Indian economy and our people. Instead the government needs to change its tax policy to garner more revenue from the rich and affluent and the corporate, needs to improve tax recovery system, to move for plugging pilferage of national income, check the generation of black money and its outflow, take steps to recover all the tax arrears, enhance the social sector spending substantially to create necessary means for people for their economic activities and job creation.

Further CPI would disseminate the message to the masses that India can march forward on sovereign path of sustainable development while continuing to work for trade, business, exchange of science and knowhow with other nations based on mutual interest and benefit, she added.