Profit statements

Jibe of Akhilesh Yadav in BJP

New Delhi: In an attack on the Center, Samajwadi party leader Akhilesh Yadav on Tuesday said he hit the BJP and said the BJP was no longer a party, it had become a business now. A company that recovers “increasing costs” from people without reducing its own profits.

Taking to Twitter on India’s rising prices, the former chief minister of Uttar Pradesh said: “In the current era of inflation, businesses are recouping rising costs from the public, but they do not reduce their profits.

Attaching a report, he said: “The role of a government in a democracy is not to govern, but to make policies, which are in the public interest, so that no one can exploit and oppress the people. BJP has become a business.”

Recently, Akhilesh Yadav, who was appointed opposition leader in the state assembly, has repeatedly attacked the BJP government over the past few days, over fuel price hikes.

According to the report shared by Akhilesh Yadav, Indian manufacturers lack capacity to absorb rising input costs, following which companies are increasingly passing on the cost to consumers via markup retail price.

In an economy already struggling with Asia’s third-fastest inflation and an uneven recovery, prices have surged across sectors, dragged down by the Covid-19 pandemic as well as the ongoing war between Russia and the United States. Ukraine.

Such remarks by Yadav come on the day when the price of diesel fuel increased by 80 paise per liter each, bringing the total increase in fuel prices over the past two weeks to ₹9.20 per litre.

On Monday, Rajya Sabha witnessed repeated disruptions related to rising oil prices as the opposition’s request to discuss the issue was again denied. Congress Leader KC Venugopal has demanded that the Center engage in dialogue, deliberation and finding solutions regarding rising fuel prices across the country, alleging that the government adjourns the House every time the opposition parties raise issues related to ordinary people.