"I am sorry to say this, but the PM is playing fraud on the country," Dasgupta, the AITUC General Secretary, told reporters here.
The Lok Sabha MP questioned what provoked the Prime Minister to defend his economic policies in a televised address to the nation recently.
"The address is made by the PM on August 15 each year or when there is any external aggression against the country. But he used it to ask people to accept FDI and hike in diesel prices," Dasgupta said.
"After a long time a rightist government has taken over the country. By increasing the prices of petrol, diesel, LPG and allowing FDI in retail, they have passed the burden of economic slowdown and inflation to the common man. This is just like the Thatcher government," he said.
Stating that even New York and Washington have not allowed FDI in retail so that local businessman could survive, he said that the PM owed an explanation to the nation on how the reforms would help India's growth.
"In Western countries these reforms were introduced 20 years ago. Now they are facing second recession in the last three years," Dasgupta said.
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On the opposition by BJP against FDI in retail, he said, "Congress and BJP are made for each other when it comes to economic policies."
Stating that the economic crisis was much more deep than what the government was claiming it to be, he said the Centre was ending subsidies in the power sector and also preparing a law to acquire land forcibly.
To protest these policies, trade unions including AITUC, CITU, INTUC, BMS and HMS would stage a countrywide satyagraha on December 18-19.
A nationwide two-day strike would also be called from February 20 next year.
On the resignation of Trinamool Congress ministers, he said, "We welcome the step. There are differences between us. But their stand on FDI in retail and hike in diesel prices will strengthen the opposition," he said.