Mamata raps PM, says rollback or face hard decisions

Kolkata, Sep 15 (IANS) Taking a swipe at Prime Minister Manmohan Singh, Trinamool Congress supremo and West Bengal Chief Minister Mamata Banerjee said Saturday that political leaders should be more concerned about the common people rather than winning personal laurels.

"Everybody should think about the common masses of the country rather than the creamy section of the society. Because the creamy section is only one percent and common masses make the rest of the 99 percent of the population," she said.

Infuriated over the hike in diesel prices and nod to FDI in retail, Banerjee, whose Trinamool Congress is the United Progressive Alliance's second largest constituent, reminded the Congress not to cross the "Lakshman Rekha" (red line).

Reiterating her 72-hour deadline for the central government to rethink or face a "tough decisions", she said her party did not agree with the UPA's "anti-people" decisions.

"We are not in favour of toppling the government. But they should not forget the 'Lakshman Rekha' of the alliance. We will not agree with any anti-people decisions. We have given 72-hour deadline to rethink... if you roll back, it's good. But if not, then be ready to face the consequences as we will take our own decision," she said, addressing a protest rally here.

Banerjee, who Saturday led a mammoth protest rally here, said: "I request the people not to misjudge us if we take very hard decisions. Please remember we can't be a party to anti-people policies. If we take a hard decision... it is for the masses."

The fiery politician from West Bengal along with several Trinamool MPs and her entire cabinet walked for more than 5 km during the protest.

"I don't agree with such economic reforms which are anti-people because I believe in economic reforms which concern the grass root, the masses. Leaders should stop taking decisions which help only four-five people for gaining personal laurels from handful of people. It is a matter of entire country.

"What does reforms mean? Does it mean selling the country to foreign corporate houses and powers? What is wrong with them... in two consecutive days they have planned to sell everything... So many anti-people decisions within two days," said an infuriated Banerjee.

Her comments seemed to be aimed at the prime minister, who has backed the reforms.

"These reforms may be digested (accepted) by one part of the government but will not be digested (accepted) by the other part of the government... This is a coalition government," she added.

The government Thursday announced a hike in diesel price by Rs.5 a litre and capped the supply of subsidised cooking gas cylinders per family to six per year. The next day, it decided to allow up to 51 percent foreign direct investment (FDI) in multi-brand retail.

The business community has hailed the decision of Manmohan Singh, who has been credited to have started the economic reforms in the country in 1990s.

Banerjee also lashed out at the central government by accusing it of fooling the state governments.

"They (Congress) should stop thinking that except them everybody is a fool. They are saying that there is an option for the states to decide whether to allow FDI (in retail) in their states or not. But how would that be possible after the union government passes a decision... Every state would have to abide by it," she said.

Banerjee also demanded that the central government should take steps to bring back money stashed abroad in tax havens to solve the economic problems faced by the country.

The West Bengal Chief Minister also said that each family should be provided with at least 24 subsidised LPG cylinders every year.

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    572.85-6.90-1.19%
    JETAIRWAYS.BO
    51.25-5.10-9.05%
    HDIL.BO
    26.35-1.95-6.89%
    UNITECH.BO
    69.20-4.20-5.72%
    JAIPRA.BO
    129.65-1.15-0.88%
    IDEA.BO
  • Price % Gainers
    Price % Gainers
    NamePriceChange% Chg
    20.902.70+14.84%
    ARIHCAPM.BO
    155.0019.00+13.97%
    FRLSL.BO
    19.602.40+13.95%
    APCL.BO
    424.9044.90+11.82%
    CMIFPE.BO
    25.402.30+9.96%
    RASIELEC.BO
  • Price % Losers
    Price % Losers
    NamePriceChange% Chg
    400.00-93.30-18.91%
    INDUSINDSL.BO
    35.50-6.40-15.27%
    SAHARAHOUS.BO
    526.00-94.20-15.19%
    INGVYSYABNK.BO
    190.05-32.90-14.76%
    BIMETAL.BO
    49.00-6.55-11.79%
    SUMMIT.BO

Latest News

  • China's Lenovo buys and diversifies to outshine PC rivals
    China's Lenovo buys and diversifies to outshine PC rivals

    Lenovo Group Ltd's bold acquisitions in its flagship PC business, a foray into mobile gadgets, and a relatively light debt load are setting it apart from PC rivals as industry shipments take their steepest ...

  • BSE Sensex falls; Ranbaxy, L&T slump

    Reuters Markete Eye - The BSE Sensex falls 0.66 percent and the broader Nifty is down 0.8 percent, heading towards their fourth consecutive session of declines. Asian stocks slid and the dollar rose to ...

  • Singapore Q1 GDP growth surprises on surge in financial services
    Singapore Q1 GDP growth surprises on surge in financial services

    Singapore on Thursday reported a surprise expansion in its economy in the first quarter, helped by a surge in financial services as trading in stocks and foreign exchange soared. The Southeast Asian city-state, ...

  • Asian shares extend losses after China HSBC flash PMI
    Asian shares extend losses after China HSBC flash PMI

    Japanese government bonds plunged on Thursday, taking yields to their highest in a year and leading a selloff in bonds globally after Federal Reserve Chairman Ben Bernanke's remarks sparked worries of ...

  • China HSBC flash PMI hits seven-month low, fans growth fears
    China HSBC flash PMI hits seven-month low, fans growth fears

    China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary survey of purchasing managers showed, adding to concerns that a recovery in the world's second-largest ...

  • Ranbaxy shares slump after Daiichi Sankyo says misled

    Ranbaxy Laboratories Ltd slumped as much as 6.97 percent on Thursday after majority shareholder Daiichi Sankyo Co said it believes former shareholders of the Indian company hid information regarding U.S. ...

  • Rupee at new six-month low; refiner sells dollars

    Reuters Market Eye - The rupee is at a new six-month low on global dollar strength after Bernanke testimony, says a dealer. The rupee is at 55.77/78 after falling to 55.86, last closed at 55.46/47. The ...

  • Samsung says Galaxy S4 sales hit 10 million

    Samsung Electronics Co said sales of the latest version of its flagship Galaxy S smartphone have reached 10 million since its launch in late April, making the model its fastest selling smartphone. The ...

MAJOR STOCKS (A-G)

MAJOR STOCKS (H-N)

MAJOR STOCKS (O-Z)

MARKET COMMENTARY

  •  
    Recent Quotes
    Symbol Price Change % ChgChart 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
  • Recent Quotes News

    •  
      Sign-in to view quotes in your portfolios.