Janata Party demands FM's resignation

Party President Subramanian Swamy told reporters here "Chidambaram has not come out with any solid measures to tackle inflation and therefore he must quit the Union Cabinet"    

On fuel price hike, he opposed any such move and called for cut on Customs and Excise Duty on petrol to manage the situation as the oil companies are struggling with under-recoveries.    

 

"After duty cuts, a litre of petrol can even be sold at Rs 25 per litre and the government can still make profits on every litre," he claimed.    

When pointed out that the Finance Ministry was against duty cuts since that would affect revenue, Swamy asked the government to "cut down on its expenditure."     "Sick and loss-making public sector units can be sold off as that would help the Government cut on its expenditure," he added.     

Reacting to the appeal made by Chief Minister M Karunanidhi, calling for cooperation from the opponents of the Sethusamudram project for its implementation, he said that the project was "dead".