Previous govt can't be blamed, NDA in power for last 40 months: Yashwant remains unfazed


New Delhi, Sep 28 (PTI): Unfazed by the government's rebuttal of his criticism of Finance Minister Arun Jaitley on the state of the economy, including his Union minister son Jayant, BJP veteran leader Yashwant Sinha today stuck to his guns and hoped the Centre would do some course correction.

Sinha, who had yesterday launched a blistering attack on Jaitley that set off a political storm, said he had sought an appointment with Prime Minister Narendra Modi last year so he could flag the issues, which he did through an article in a national English daily, but got none.

"I found the doors were shut for me. Therefore, I had no option but to speak up (in media)...I am confident I have worthwhile suggestions to make (to the prime minister)," he told national TV channels.

Sinha said any government of the day "should listen" when people like former prime minister Manmohan Singh or ex-Union finance minister P Chidambaram, considered experts on financial matters, speak up, and advised against dismissing their views as "political rhetoric".

The BJP leader, without naming the previous UPA government, said it "cannot be blamed" for the tardy implementation of central projects as the NDA has been in power for the last 40 months.

Replying to a question about whether his "disgruntlement" led him to criticise the government, Sinha hit back, saying it was the "cheapest accusation" that could be levelled against him. He insisted he "technically" continues to be a member of the BJP as the party has also not "thrown me out".

Jayant Sinha, Minister of State for Civil Aviation, who made a stout defence of the government's economic policies, got a lot of stick from his father.

Referring to his son's defence of the government, seen as a counter to his criticism of the Centre's handling of economy, Sinha sought to know why Jayant was shifted from the finance ministry "if he was so competent" to answer the concerns raised by him.

Jayant, who defended the government's policies in an article in a leading English daily today, was shifted out of the finance ministry in July last year.

"There is a decline in the growth rate quarter after quarter. I decided to speak up when the problems in the economy were multiplying...I hope the government even now will take steps to correct the situation which has arisen," he said.

Sinha said he did not flag the issues out of "personal rancour".

He said the purpose behind highlighting the concerns about the economy through an article in another leading English daily was to bring certain issues in public domain so that the government does a course correction. Sinha said he did not expect his article to create "such a furore".

Responding to Jayant's criticism of his views, the 84- year-old IAS officer-turned-politician said that only the minister concerned or the government's spokesperson should have commented on them.

"But if they (the government) thought he (Jayant) was very competent to reply to the points which I have raised, then my question is why was he shifted from the ministry of finance?" he asked.

Sinha said both he and his son were doing their "dharma" (duty). He insisted that the issue should not be seen as one between "father and son".

"If someone has asked him (Jayant) to write the piece, then it is a cheap trick to play...I have not spoken to him (on the issue). Will do it some time to find out (what exactly happened)," Sinha said.

Sinha, who was finance minister in the first NDA government led by Atal Bihari Vajpayee, said policy paralysis and corruption resulted in projects not moving forward under the previous UPA dispensation.

With the BJP-led NDA returning to power over three years ago, he said, there was hope that the situation would improve.

"We did move forward (with the projects) to some extent. But not at the desired pace. And we can't blame the previous government for this after being in government for 40 months because we got complete opportunity," he added.

Jayant, in an apparent reference to his father's critical piece, said several articles have been written on the challenges facing the Indian economy.

"Unfortunately, these articles draw sweeping conclusions from a narrow set of facts, and quite simply miss the fundamental structural reforms that are transforming the economy," he said.

"Moreover, one or two quarters of GDP growth and other macro data are quite inadequate to evaluate the long-term impact of the structural reforms underway," he said.

  

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Comment on this article

  • William, Mangalore

    Fri, Sep 29 2017

    Well said Vishal ,Mangalore. Administration of a country is no jumla and it requires well laid out policies and thorough planning .Only barking and harping about development does not solve burning issues like farmer distress,unemployment,etc etc.If nation has to come first and not party then call the economists,well educated Politicians even if they belong to the opposition to bring solutions as it is already stated it is a little too late.

    DisAgree Agree Reply Report Abuse

  • Orton Cordeiro, Mangalore

    Fri, Sep 29 2017

    Modi's Dialog "congress ko 60 saal diye mujhe sirf 60 mahine dijiye"
    40 Mahine hi Desh ko barbaad kiya

    DisAgree Agree [5] Reply Report Abuse

  • Loboag, Mangaluru

    Fri, Sep 29 2017

    This government is like a castle built on sand. False promises. unsound economic policies, blame game, arrogance etc, etc. will not sustain this government any more but bound to collapse any time.

    DisAgree Agree [8] Reply Report Abuse

  • Vincent Rodrigues, Bengaluru/Katapadi

    Fri, Sep 29 2017

    The present government cannot target for their failure to previous governments since they had given so many promises to win the election which none they comply

    DisAgree Agree [6] Reply Report Abuse

  • Lobo, Mangalore/Mumbai

    Fri, Sep 29 2017

    Ye to hona hi thaa! It is easy to blame the previous government. By doing so will not solve the economic problems. Namo and Jaitley think they are super humans and whatever they do is right. Earlier this government give up it would be better for the nation.

    DisAgree Agree [7] Reply Report Abuse

  • Michael, Mangalore

    Fri, Sep 29 2017

    Frustration at being sidelined by the party could be the reason for his outburst. He says GDP has been going down for the past 6 quarters and why was he silent when demonetisation was done or when all party meetings were taking place on GST? Was he not sure then that these reforms will backfire, if he is such a big economist? All politicians are opportunists and he is no exception. I feel Jayant Sinha could be a better Finance Minister.

    DisAgree [10] Agree [4] Reply Report Abuse

  • Loboag, Mangalore

    Fri, Sep 29 2017

    This is not the first time Mr, Sinha has expressed his opinion on the present state of economy. In the past also he had cautioned the government. Even reputed economist, Dr. Subramanyam Swamy had expressed his apprehensions on the state of economy. But the present government has brushed aside any advice.

    DisAgree [1] Agree [7] Reply Report Abuse

  • SMR, Karkala

    Fri, Sep 29 2017

    These days top leadership in BJP to its social media cottage industry has one thing in common to blame is Congress past 70 years ruling.
    Jai Hind

    DisAgree [2] Agree [10] Reply Report Abuse

  • SMR, Karkala

    Thu, Sep 28 2017

    At least one sensible person in the BJP has felt the economic blunder and honest to acknowledge it in open.
    If Yashwant Sinha is opposition member he would have already tagged 'anti national' and Income tax or Enforcement directorate is most likely.
    “Mere pyare deshvasiyon, give me 50 days of pain to deliver the India of your dreams,” said Prime Minister Narendra Modi on November 8, “otherwise punish me at the place of your choice” - and most of India was sold to the utopian idea.
    The nation went hysteric at the prospect of being able to sacrifice in what they believed was a chance to take part in a "freedom struggle" against the greedy rich.
    People lined up outside ATMs and banks, for hours, days; often returning empty handed when machines ran out of cash; the poor hopeful that black money hoarders were going bankrupt, even as corrupt bankers laundered money.
    BJP has failed in bringing black money, curbing corruption and development of India.Our nation can't afford the capitalist monopoly anymore with 1.5 million jobs lost just in 10 months.
    Reading prepared script of 'Mann ki baat' can't take the nation economically forward or social media cottage industry filled with rancour. Neither paid media breaking news at 9:00 P.M. everyday.

    The PM did not keep any of his promises. We must keep the one he made for us.
    Jai Hind

    DisAgree [1] Agree [10] Reply Report Abuse

  • Vishal, Mangalore

    Thu, Sep 28 2017

    There is a saying in Kannada, "Mangana kaiyalli kolu kotta haage aaitu." The poor monkey doesn't know what to do with the stick. The same thing applies to this bunch of BJP ministers. The economy had been entrusted to them by the people and see what a mess they have created! If one of their own has criticized them for the rot that has set in, the situation would certainly be alarming. For the sake of the nation, I would suggest that they call a meeting involving Dr. Manmohan Singh, Chidambaram, Raghuram Rajan, Yashwant Sinha and may be Pranab Mukherjee and seek their guidance and advice. They are experts in such things. Ask them what is to be done. I am sure they will give the correct advice. It is very clear that the BJP can't handle such matters. Keep your ego aside Mr. Modi and the others, We can't see the economy sliding further. There is no shame involved in this. The world has started ridiculing us. Before further opprobrium is heaped on us and to do away with further damage to the economy, swing into action at least now. A stitch in time saves nine.

    DisAgree [3] Agree [12] Reply Report Abuse

  • Aubb, Kuwait

    Thu, Sep 28 2017

    Hats off to Mr.Snha.
    It's too dangerous to play with an economy the size of India.

    DisAgree [1] Agree [25] Reply Report Abuse

  • Krishna Dasa, Udupi,

    Fri, Sep 29 2017

    It's too dangerous to play with a population the size of India.
    Not the Economy
    Indian Economy is too small comparing to the population.
    Indians Economy has less purchasing power.
    Indians spend less on food, cloth, medical care, housing & transportation.
    Indian Economy & average population is too poor.
    Indian numbers are not real.
    Indian economic numbers, test scores are fake due to coruption & cheeting in every level.

    DisAgree [1] Agree [6] Reply Report Abuse

  • Swamy, Mangalore

    Thu, Sep 28 2017

    If you are unable to perform then there is no question about blaming anybody but BJP itself. As they say "Even to copy you need brains". BJP, get aside, let the capable party come and handle it. This is not Goshala or Shakas of dumb Bhakts and cows.

    DisAgree [1] Agree [34] Reply Report Abuse

  • Ahmed K. C., Mangalore

    Fri, Sep 29 2017

    Even their Goshalas are not doing well. Gomatas are left to die without food in many places

    DisAgree [1] Agree [9] Reply Report Abuse

  • HENRY MISQUITH, Bahrain

    Thu, Sep 28 2017

    At last someone from their own party leader speaks about the
    truth .Kudos to Yashwant Sinha! Economists know the economy very well than a lawyer like Jetli. It is a universal truth.

    DisAgree [1] Agree [37] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Thu, Sep 28 2017

    40 months was only a Honeymoon
    Picture Abhi Baki Hai ...

    DisAgree [3] Agree [40] Reply Report Abuse


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