CPI renews demand for Chidambaram resignation

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New Delhi, Oct 23 (UNI) The CPI today made a fresh demand for the resignation of Finance Minister P Chidambaram, holding him directly responsible for the present ''bloodbath'' in the Stock Market, grave signals in the financial sector and mismanagement of the economy.

''Mr Chidambaram must owe a moral responsibility and put in his papers for what has happened in the Indian Stock market and the financial sector,'' said CPI veteran and Floor Leader in the Lok Sabha Gurudas Dasgupta here.

At a press conference, Mr Dasgupta alleged that the FM has lost his credibility to the extent that he had to bring in Prime Minister Manmohan Singh to his rescue and state that the depositors' money is safe in the banks.

''Mr FM knows very well that none believes him,'' the CPI leader said.

He alleged that the RBI, SBI, the insurance companies and the mutual funds had invested in the Stock market on his ''personal asking'' to bail out the Stock market.

The CPI leader said the FM is solely responsible for making '' stagnation and inflation the hallmark of the Indian economy making a strong case for more investment in the productive sector to create more jobs and hike the purchasing power of the people''.

UNI KSA RL AS1810

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