Rs 3,000 cr splurged on Statue of Unity, thousands of families displaced : CPI
Patna, Oct 30: The CPI on Tuesday flayed the Narendra Modi government for "splurging" nearly Rs 3,000 crore on building Sardar Patel's gigantic statue at a time when debt-ridden farmers are "being driven to suicide" and millions of people are defecating in the open for want of sanitation facilities.
The 182 m Statue of Unity, touted as the world's tallest, is slated to be unveiled by Prime Minister Narendra Modi in Gujarat on Wednesday.
CPI national secretary Binoy Viswam claimed that 75,000 adivasi families living near the Sardar Sarovar dam had been rendered homeless to facilitate the construction of the mammoth structure.
"While unveiling the structure amid trademark fanfare, the prime minister would do well to take note of the fact that residents of 12 villages situated along the dam have decided not to cook food in their kitchen in protest against the government's high-handedness that was on display while executing the project", he alleged at a press conference here.
"While touting the statue as the tallest in the world he (the prime minister) must also explain the logic behind splurging Rs 2979 crore on a single project at a time when agrarian distress is driving farmers to suicide", the Rajya Sabha MP said.
The statue, he said, is an insult to Sardar Patel as he would have never agreed to the displacement of 75,000 adivasi families to facilitate the construction of a statue.
"The 'Statue of Unity' is testimony to the fact that Make in India is as much a sham as Swachh Bharat has been.
While crores of Indians are still defecating in the open due to lack of sanitation facilities, 99 per cent work on the statue was completed abroad.
"Modi and the RSS - which has been his alma mater - are the Indian heirs of Hitler and Goebbels for whom spreading falsehood is an ideology. We and all Left and secular parties are therefore committed to defeating the BJP in the next general elections", Viswam asserted.
A beginning to this end has already been made in Patna where all like-minded parties had gathered and spoken in one voice at a rally organized by CPI, he claimed.
State CPI secretary Satya Narayan Singh was also present at the press conference.
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Rupee falls 9 paise to all-time low of 90.58 against US dollar in early trade
Mumbai (PTI): Rupee depreciated 9 paise to an all-time low of 90.58 against US dollar in early trade on Monday, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows.
Forex traders said rupee is trading with a negative bias as investors are in wait and watch mode and awaiting cues from the India-US trade deal front.
At the interbank foreign exchange market, the rupee opened at 90.53 against the US dollar, then fell further to an all-time intraday low of 90.58 against the greenback, registering a fall of 9 paise over its previous close.
On Friday, the rupee had slipped 17 paise to close at an all-time low of 90.49 against the American currency.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 98.35.
Brent crude, the global oil benchmark, was trading higher by 0.52 per cent at USD 61.44 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index Sensex was trading 298.86 points lower at 84,968.80, while the Nifty was down 121.40 points at 25,925.55.
Foreign Institutional Investors sold equities worth Rs 1,114.22 crore on Friday, according to exchange data.
"FPIs continue to be in selling mode in equity and debt while RBI has been selling dollars to fund their long positions," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
