Dreams won't help country's growth: Yechury

Agrarian distress, people's declining power of purchase and unemployment continues to dog the nation as the BJP's election promises fall flat, alleged CPI(M) General Secretary Sitaram Yechury.
"Where is the manufacturing market to increase the capacity of purchasing power? Purchasing power of the people, in fact, has decreased," Yechury said at a press conference here.
Alleging suicide by farmers were continuing in the face of agrarian distress, the CPI(M) general secretary asked Prime Minister Narendra Modi how much investment the country got after his visit to 24 countries since becoming the Prime Minister 15 months ago.
Now, Yechury said, the government was backtracking from bringing another ordinance on land.

"Why did it bring the ordinance at all when it has to backtrack on its decision? Will it implement the 2013 Land Acquisition Act, which took four years of deliberations and the BJP supported it? Nothing is clear," he said.
Demanding return of land acquired under special economic zone as "work has not begun" even after five years of acquisition, Yechury claimed "economic pressure is building up in the country, while the Centre shows only dreams to the people."

The government harped on Make in India, while factories were being closed, he alleged and cited an example of how closure of a factory in Tamil Nadu had left many youth unemployed.

Yechury demanded that the Modi government collect half of the total exempted taxes to the corporate sector and invest in infrastructure, irrigation and roads, which would see growth in manufacture.
"There is no dearth of resources, but crony Capitalists will not allow themselves to be taxed as they will not get profits," he added.