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Bangalore: Chief Minister B.S. Yeddyurappa has said that there is an urgent need to bring down the prices of essential commodities and to give a boost to the agriculture sector.
Addressing the national executive of the Bharatiya Janata Party at Indore on Friday, the Chief Minister said the United Progressive Alliance Government had failed to provide sound fiscal policies for economic development. It has “adopted double standards” while dealing with the States, he alleged. There is an urgent need for integrated economic development and the focus should be on sustainability and holistic human development based on values. “Let us resolve to urge the UPA Government to re-examine its existing policies and to bring out new policies for a more sustainable economic development,” he said.
Mr. Yeddyurappa said the present crisis in the country was owing to the utter neglect of economic activities. The agricultural sector employs about 56 per cent of the country’s workers and its share in the GDP has shrunk to less than 17 per cent, according to the latest estimates. The economic policies of the UPA Government had neglected the agricultural sector.
He said all along foodgrain prices were continuously on the rise and were double of what prevailed in 2006-07. It was due to the inability of the UPA Government to take the right steps in controlling food prices and the biggest failure of the Union Government has been in managing the inflation.
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