'Foreign investments cripple nation's industry'

Besides, foreign investments have snubbed the growth of rural cottage industries. If this continues unabated, the  nation which is already in the grip of foreign investments, might lose its freedom, said CPI (M) district unit secretary G V Srirama Reddy.

Addressing a gathering here on Monday, he said America and other foreign nations are trying to take developing nations including India in their control and ruin their economic policy. As a result, the country has not been able to address unemployment and poverty, he observed.

Rally against corruption

A rally on ‘Quit Corruption-Save India’ was organised by the Democratic Youth Federation of India, on the occasion.

He further said that due to changed economic policy, the corruption has become rampant in the country. Worse, leaders who were elected by the people have turned out to be more corrupt. Despite this, the Central government has not initiated any measure to check  corruption and poverty, he added.

“We had complained about corruption in 2G three years ago to the Prime Minister but he ignored it. Today, ministers from  his own cabinet have been named in the corruption,” he pointed out.

He wanted Gandhian Anna Hazare and Ramdev to question the country’s economic policy which has sheltered capitalists with black money.

Zilla Panchayat vice-president B Savithrama, educationist Prof Kodirangappa and others were present.