September 28, 2017
Modi Govt is still asserting the Indian economy is the fastest growing in the world.
Senior BJP leader Yashwant Sinha delivered a strong criticism of the Finance Minister Arun Jaitley over the state of the economy, prompting a sharp rebuttal from the govt. today & the Congress to fire fresh salvos at what it called a “clueless” Centre.
The attack by Sinha, who was finance minister under Atal Bihari Vajpayee-led NDA govt, via newspaper article set off a political storm, even as 2 top union ministers – Rajnath Singh & Piyush Goyal defended the economic situation, saying that the Indian economy is the fastest growing in the world.
As the Congress latched on to Sinha’s criticism, the govt. also said it’ll “stay the course” & that it’d work to transform the economy.
In the article headlined “I need to speak up now” in today’s edition of The Indian Express, Sinha, 84, severly criticised Jaitley over the “mess the finance minister has made of the economy” & said he’d be failing in his national duty if he didn’t speak up.
“Finance ministry, in the best of times calls for the undivided attention of its boss, if the job has to be properly done. In challenging times it becomes even more than a 24/7 job. Naturally, even a superman like Jaitley couldn’t do justice to the task,” he wrote, as he slammed the govt. over decisions like note ban & the GST, the new universal tax regime.
Yashwant Sinha, a member of the BJP’s ‘margdarshak mandal’ that was set up in 2014 to guide the party, also said a revival by the time of the next Lok Sabha elections due in 2019 was “highly unlikely” & a “hard landing” appeared inevitable.
“The PM claims that he has seen poverty from close quarters. His finance minister is working over time to make sure that all the Indians also see it from equally close quarters,” Sinha further said.
Rejecting Sinha’s criticism, the govt. insisted that the Indian economy is the fastest growing in the world & some “uncertainty” is bound to occur when “transformative” measures like demonetisation & the GST are taken.
Home Minister Rajnath Singh said the India’s credibility has been established in international arena under the Modi govt.
“The whole world admits that India is the fastest growing economy in the world, no one should forget this fact. In the matter of economy, in the international arena, country’s credibility has been established,” he told reporters, making a reference to Sinha’s criticism.
Railway Minister Piyush Goyal said the govt. wouldn’t flinch due to some criticism & that it’d “stay the course” as it works to transform the economy.
Piyush Goyal said Sinha is entitled to his opinion.
“There’s bound to be some uncertainty when some transformative changes are made; it (economy) may take some amt. of time to absorb these changes but this’ll pass.
Challenges come but we’ll stay the course. The govt. is steadfast in its resolve to end black money & corruption. It won’t flinch due to some criticism,” he said.
Senior Congress leader and former finance minister P Chidambaram asked the “clueless” Centre how long it’d hide behind PM Narendra Modi’s “rhetoric & party slogans.”
“Ladies & Gentlemen, this’s your copilot & FM speaking. Please fasten your seatbelts & take brace position. The wings have fallen off our plane,” Rahul Gandhi tweeted while taking a dig at Jaitley.