Wall Street protests spread to India’s communists
Members of the Communist Party of India (CPI) pull a rope tied to the vehicle during a protest against petrol price hikes in Hyderabad on September 16, 2011. India’s central bank on Friday raised interest rates by a quarter of a percentage point in its 12th hike since March last year to combat near double-digit inflation. State-owned energy firms on September 15 hiked petrol prices by five percent to stem losses from high crude prices, leading to condemnation from opposition parties which called the move “inflationary.
Hunting for an ideology in the wake of the end of the Cold War, India's communist parties have leaped to adopt the Occupy Wall Street movement gathering steam around the world, reports the Indian Express.
The Communist Party of India-Marxist (CPM) plans to “step up and broaden” the campaign against the “neo-liberal policies” in India, the paper said. Assessing the impact of “globalisation” and prescribing credible policy alternatives besides stepping up its fight against imperialism were at the center of the ideological resolution which the Politburo has finalized, the Express added.
The CPM will launch a campaign demanding steps to check rising prices, ensure universal right to goods, guarantee subsidized fertilizer prices and oppose FDI in retail sector, the paper said.
The story you just read is not locked behind a paywall because listeners and readers like you generously support our nonprofit newsroom. Now more than ever, we need your help to support our global reporting work and power the future of The World. Can we count on you?