Other States - Orissa   

Loan waiver opposed

BHUBANESWAR: The Communist Party of India (CPI) on Friday joined the growing opposition to the issue of waiving Rs. 2,300 crores loan to the Orissa-based Indian Metal and Ferro Alloys (IMFA) Limited.

The state unit of the CPI staged a demonstration in front of the Governor’s House protesting against the “undue favour” shown to the industrial house.

“The company in which BJD MP Baijant Panda has a major stake has been given debt relaxation to the tune of Rs. 2,300 crores. It is a big embezzlement of public money,” CPI Bhubaneswar Zone Committee president Sura Jena said here.

CPI State secretary Dibakar Nayak, former legislator Dyutikrushna Panda, MLA Narayan Reddy and labour union leader Souribandhu Kar took part in the demonstration. They demanded that a CBI inquiry be ordered into whole issue.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Pantaloon enters the city in a big way
Bank’s mantra to check coin shortage
Kin of Uttarakhand victims flown to Delhi
Teachers on the warpath
Is the pilgrimage jinxed?
Sahasranada VCDs released
Court rejects beef transporters’ bail plea
Passengers stranded
Loan waiver opposed
Akshaya Samman conferred on Manna Dey
Polls unlikely in five colleges
Paddy to be procured at panchayat level

Copyright © 2007, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu