People's Democracy

(Weekly Organ of the Communist Party of India (Marxist)


No. 21

May 23, 2004

BJP Is Destabilising Markets

CPI(M) Dismisses BJP’s Wild Charges


CPI(M) Polit Bureau member Sitaram Yechury condemned the wild charges made by the BJP against the Left in regard to the crash in stock markets. He has charged the BJP of adopting this ploy deliberately in order to deflect from probing into why this volatility was taking place in the markets. Yechury went further to charge the BJP of destabilising the markets with its belligerent attitude and said it reflected on its degree of responsibility and acceptance of people’s mandate. He referred to various BJP leaders statements saying they would boycott new government’s swearing in ceremony.


Yechury said the present volatility in international markets was influencing the Indian markets also. However, he also pointed out to the fact that the disinvestments minister Arun Shourie had on record alleged that he knew there was a bear cartel of 10 players which was manipulating the markets. Now that he is no longer a minister Shourie must make public the names of these players in the interest of the nation, demanded Yechury.