| Govt approach to meltdown will spell more trouble: Left | |||||
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New Delhi, Oct 17 (PTI) Left parties today warned the Government that its approach to meet the global meltdown would push India into further trouble and dismissed suggestions that the problems confronting the aviation sector were related to oil prices.
Opposing what they called "cartelisation" by Jet Airways and Kingfisher, the CPI(M) and its allies said such a monopolistic move was against the interests of the people.
"The problems being faced by Jet Airways and Kingfisher are due to the global economic meltdown and not because of high aviation turbine fuel prices ... The real story is missing. It is due to offshore stocks ... In many places," CPI(M) leader Sitaram Yechury said.
He alleged that the aviation companies wanted the government to bail them out of their losses suffered in global meltdown.
"They want nationalisation of losses and privatisation of profits, which we will oppose tooth and nail," he said.
The Left leader also took serious objection to the "cartelisation" done by Jet and Kingfisher, who he claimed have 60 per cent share in the aviation market.
"Such cartelisation will not be allowed in any liberal democracy in the world," he said. PTI
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