Embarrassing criticism for Modi govt; Yashwant Sinha lambasts central govt’s policies

yashwant

Senior Bhartiya Janata Party leader and former finance minister Yashwant Sinha launched a scathing attack on the BJP-led central government’s economic policies,saying that the economy is headed for a downward spiral.

In an opinion piece for the Indian Express, Sinha lambastes the government’s decisions on the economic front. “I shall be failing in my national duty if I did not speak up even now against the mess the finance minister has made of the economy,” writes Sinha, adding that many within the BJP are aware of the situation, but fear speaking up.

In the no-holds barred piece, Sinha says demonetisation proved to be an “unmitigated economic disaster” and that the Goods and Services Tax (GST) was a “badly conceived and poorly implemented” havoc.

Finance minister Arun Jaitley comes in for the bulk of the criticism, as Sinha writes, “Arun Jaitley is considered to be the best and the brightest in this government. It was a foregone conclusion before the 2014 elections that he would be the finance minister in the new government.”

Sinha further took on BJP president Amit Shah for citing ‘technical’ reasons for slowdown in the GDP rate and wrote, “Even the SBI, the largest public sector bank of the country, has stated with unusual frankness that the slowdown is not transient or “technical”, it is here to stay and the slowdown in demand has only aggravated the situation. It has openly contradicted what the BJP president said just a few days ago that the slowdown in the last quarter was on account of “technical” reasons and will be corrected soon.”

On that note, the figures of the first quarter of fiscal 2017-18, released last month, showed the GDP growth rate falling at 5.7 percent, while in the concurrent period last year, the GDP was soaring ahead at 7.6 per cent.

In his article, Sinha also took a jibe at raids conducted by Income Tax department, Enforcement Directorate and Central Bureau of Investigation and said that it has become “a new game to instill fear in the minds of people,” adding, “We protested against raid raj when we were in opposition. Today it has become the order of the day.”

He also ridiculed the “massive” loan waivers given to the farmers “varying from one paise to a few rupees.”

Sinha concluded his article by saying, “The prime minister claims that he has seen poverty from close quarters. His finance minister is working over-time to make sure that all Indians also see it from equally close quarters.”

(Source Hindustan Times)

Summary
Review Date
Reviewed Item
Embarrassing criticism for Modi govt; Yashwant Sinha lambasts central govt’s policies
Author Rating
51star1star1star1star1star
  • facebook
  • googleplus
  • twitter
  • linkedin
  • linkedin
  • linkedin
Previous «
Next »

Leave a Reply

Your email address will not be published. Required fields are marked *

Clipper28 Digital Media

Latest News

Daily Digital Newspaper

Entertainment

Advertisement

Clipper28
Clipper28
14:58 31 Aug 17
Clipper28.com is a useful Website, Which covers all types of latest news all around the world, This site is having very interesting videos also. In very short time this site has grown and gain good ranking in Global media.
harsh sahu
harsh sahu
07:29 31 Aug 17
It's a vry good web portal news website in raipur chhattisgarh.
Minal Sharma
Minal Sharma
08:30 29 Aug 17
this news website is verry fast. i like it
Amit Sharma
Amit Sharma
07:59 29 Aug 17
Best environment,best content,best segments overall the best digital media for connecting youth.
Dipesh Nishad
Dipesh Nishad
15:04 31 Aug 17
Best News Portal for the latest Updates.
See All Reviews