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| World Home » Business » | Thu. Aug 7, 2008 |
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CPI (Marxist) want foreign investor notes banned MIL/Agencies, Oct 20, 2007. New Delhi: October 20, 2007 – The stability of the UPA Govt has become a shaky issue in India; the main Communist Party of India (Marxist) has already played a clever game to humiliate India in the eyes of the International Community in the Indo-US Nuclear Deal. Now when the Govt. has held the deal in frozen chamber, the Left Party has started playing another game, which is a clear blackmailing. The Left party (CPI – Marxist) is now pressing the Govt. to curb foreign fund flow into share by banning a particular type of investment tool to avoid a market bubble; it is a lame excuse of blackmailing the govt. Sonia Gandhi and Manmohan Singh have already sacrificed their honor for the sake Left party on the issue of Indo-US Nuclear Deal and now with the new pressure, India’s image would be further deteriorated in the estimation of the International community, if the Govt. bows before them. The Left party leadership seems to be jumping on the strength of some powerful communist countries, who are lobbying all this and want to discourage India’s advancement and closeness to the Western world. The Finance Minister has already given his expert opinion that the aim is to moderate high capital inflows, which are pumping up the stock market and pushing up the rupee, but it doesn’t mean banning the notes completely? The plan raised fears foreigners would pull out their cash. The benchmark stock index, which had surged more than 20 percent in a four-week record-setting run, has shed nearly 8 percent since the announcement according go a report. The Left Party takes it otherwise, they feel that participatory notes should completely be prohibited and is pressing the Govt. accordingly.
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