Oust Chidambaram immediately: Left

Source: PTI

June 20, 2008 19:53 IST

The Communist Party of India (CPI) on Friday demanded dismissal of P Chidambaram from the post of Union Finance Minister, saying the inflation has reached about 12 per cent proving all his measures a total failure.

"We want his (Chidambaram) immediate ouster," CPI General Secretary A B Bardhan told reporters at the Raipur Press Club.

Steep increases in prices of all commodities like now have never been seen in the past eight to ten years, pushing a common man in real difficult situation, he said.

Now the inflation has crossed 11 per cent and will go up further after

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the recent increase in prices of petroleum products, said Bardhan adding the CPI and other Left parties had earlier warned the Centre of such a situation.

"All fiscal and monetary measures of Chidambaram have totally failed and he has proved to be a failure," said the CPI leader.

"Chidambaram should do some self-introspection, whether he had any utility in the government and the government should also think on the same line."