The Hindu Business Line : More than `stock' phrases

Talking of the CPI(M), the communist outfit has had to change with the times. Having to respond to market-friendly policies of the Government, the party's press releases have a fair sprinkling of stock market jargons these days. Sample the latest statement by Sitaram Yechury on the market gyrations: "The unprecedented fall in the stock market... has once again underlined the volatile nature of the asset price boom taking place in India... FIIs have wrecked havoc in several developing countries by precipitating currency crises... The rupee slide against the dollar... shows that the macroeconomic consequences of the bubble going bust can be severe... "

A `revolutionary' change, one would say, from the earlier statements about proletarian issues, class struggles, toiling masses, etc.

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