Online edition of India's National Newspaper
Sunday, Jun 26, 2011
ePaper | Mobile/PDA Version
Google



Tamil Nadu

News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Business | Sport | Miscellaneous | Engagements |
Advts:
Retail Plus | Classifieds | Jobs |

Tamil Nadu Printer Friendly Page   Send this Article to a Friend

Left stage demonstration

Staff Reporter

Tirupur: The Left parties staged demonstrations in various places in the city on Saturday demanding a rollback of the fuel price increased on Friday.

Textile industry

The displeasure over the raise was reverberated among the textile entrepreneurs too as they had been using diesel generators to ensure continuous production since the cluster encounters load shedding and frequent power cuts everyday.

CPI district secretary M. Ravi termed the raise in prices of diesel, LPG cylinders and kerosene as a “striking blow” to the common man who were reeling under the burden of inflation.

“The increase of diesel price is going to make the transportation dearer while that of kerosene and LPG are going to affect the poor considerably,” he said.

Too much duties

T.R. Ramanathan, member of Institute of Chartered Accountants of India, was of the opinion that too much duty levies on petroleum products being one of the main reasons for its high prices.

K. Kamaraj, district secretary, CPI(M) and Mr. Ravi ridiculed the government's claim that the oil companies were recording losses as the justification for raising domestic fuel prices.

“It is a false and misleading statement as oil companies are reaping huge profits,” Mr. Ravi pointed out.

The Leftists accused the government of allowing corporate houses to plunder indigenous resources like natural gas especially when Supreme Court had termed natural gas as national asset.

Agitation

The CPI(M) and CPI members had warned of severe agitations if the government did not reverse the price raise immediately.

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



Tamil Nadu

News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Business | Sport | Miscellaneous | Engagements |
Advts:
Retail Plus | Classifieds | Jobs | Updates: Breaking News |


News Update



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | Publications | eBooks | Images | Ergo | Home |

Copyright 2011, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu