The National Council paid glowing tributes to Com Indrajit Gupta, former general secretary of the party. Party general secretary A B Bardhan presented the work report of the party, the report on political and other developments and the review report of tthe Assembly elections. After deliberations they were adopted. The report on political and other developments came down heavily on the BJP led NDA government for carrying out the neo-liberal policies of liberalisation, privatisation and globalisation. Growth rates of GDP, of industry, of agriculture have all declined compared to the same period in previous years.
People are witness to the crash in the stock markets which ruined lakhs of small investors.
There is decline in the value of rupee. Interest rate on small savings and provident fund have been lowered thus cutting down the earnings of poor depositors and retired persons. The growing recession in the USA and other developed countries looms large as a threat to our country as well. There is reluctant admission that the economy has not looked up after the reform measures. Despite doctored statistics and unsubstantiated claims, the country's economy is being subordinated to the interests of the developed countries, their MNCs and FIIs.