Congress following TDP's "suicidal economic" policies

Hyderabad, May 4 (UNI) Senior Telangana Rashtra Samiti leader N Narasimha Reddy today alleged the Andhra Pradesh Chief Minister Y S Rajasekhara Reddy was following 'suicidal' economic policies pursued by his predecessor N Chandrababu Naidu.

'While Mr Naidu promoted World Bank-diciated neoliberal economic policies, Dr Reddy, following his footsteps, has invited the ADB for holding its meet in Hyderabad. How will the state benefit from it?', he asked at a session held by the People Forum against ADB.

The neo-liberal economic policies introduced by the Congress had rendered lakhs of workers jobless and given rise to left-wing extremism in different parts of the country, he said, adding 'It is unfortunate people's representatives are unable to go to the people without security and even police officers are unable to move without security.' Speaking on 'practical experiences of IFI-backed projects and Government systems', he claimed the country could not be developed with funds from the ADB, as it 'took care only of interests' of multinational Corporations.

Senior CPI leader Azeez Pasha, MP, claimed the ADB was above the law of the land and not at all 'people-oriented'. Its functioning lacked 'transparency' and worked against the people's interests of member-countries and so it was evoking protests which ever country it held its annual meet.

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