Indian rupee has slipped into coma: Yashwant Sinha


Ahmedabad, Oct 9 (IANS): Former Finance Minister and former BJP leader Yashwant Sinha said here on Tuesday that the economic turmoil in the country had sent the Indian rupee into a coma.

Speaking on the Rashtra Manch platform, formed early this year, Sinha said: "Narendra Modi, when he was the Gujarat Chief Minister, had said the Indian rupee was in Intensive Care Unit (ICU) when its value was Rs 60 against the American dollar. Now when the rupee is nearing Rs 75, what can be said? It is now in coma."

Sinha, and BJP rebel from Patna Shatrughan Sinha, Samajwadi Party legislator Ghanshyam Tiwari, former Gujarat Chief Minister Sureshchandra Mehta and Minister Praveensinh Jadeja had gathered here to address a public gathering.

Speaking to reporters earlier, Sinha said: "The current situation is such that a citizen cannot express himself against the government. If he or she does, they are dubbed anti- nationals. Which is entirely against the fundamentals of democracy."

Referring to the Rafale defence deal, he said: "We (Myself, Prashant Bhushan and Arun Shourie) have filed a petition to the Central Bureau of Investigation (CBI) regarding the Rafale deal, which is a huge scam by the NDA government.

"And only one person is responsible for it, Prime Minister Narendra Modi," Sinha asserted.

"Nobody, not even the Prime Minister, has the right to violate the Defence Procurement Procedure, but that was violated by the Prime Minister. If this shoddy deal is unearthed by the CBI, many skeletons will tumble out."

Sinha said they would wait for a CBI response for around a month. "After that we will decide on our further course of action, whether to approach the judiciary or not."

"What kind of governance mechanism is this when every defaulter, after carrying out huge financial cams, is easily fleeing out of the country?"

The former Union Minister also expressed concern over the attacks on north Indian migrants in Gujarat. "I am not pointing fingers at anybody but the safety and security of its citizens is the state government's responsibility."

Samajwadi Party's Tiwari said: "It should be noted that there has been an alarming increase in incidents of mob violence in the country in the past four and a half years. The communal divide on which the BJP banks on is now turning its ugly side towards the BJP itself. If anyone sows seeds of hatred, they themselves will have to face the repercussions."

Actor-turned-politician Shatrughan Sinha said: "Today everybody is asking me why am I speaking against my own party? My answer is no individual is bigger than the party and no party is bigger than the country. What I am saying is in the interest of the country.

"I am not going to quit the BJP. If anybody wants to sack me, they are free to do so. Today, there is no democracy in the party, only autocracy. It's a one-man show with two men army: arrogance and attitude."

  

Top Stories

Comment on this article

  • Alex, Mangalore

    Wed, Oct 10 2018

    Indian Rupee has crashed 15% against dollar this year.
    Price of Oil in dollar terms has gone from 70 to 85 dollars until now this year which is 20%.
    Petrol price has increased from 76 to 90 Rupees which is 20% in par with increase in Oil price.
    But how about Rupee crash, and therefore, that is 15% further in petrol price to 101 Rs a litre.
    It looks like central government keeping it down because of forthcoming electrions.
    But it can bring back Rupee value back to 65, but wont do it, for benefit of Adani, Ambani and some IT Companies to reap profits in Rupee terms but not in dollar terms. For that reason IT Companies are up in stock market because they pay their staff in Rupees back in India.

    DisAgree Agree [1] Reply Report Abuse

  • G R PRABHUJI, Mangalore

    Wed, Oct 10 2018

    I think that rupee is in ICU and govt has put ventilator.

    DisAgree Agree [4] Reply Report Abuse

  • Krishna Dasa, Udupi,.

    Wed, Oct 10 2018

    Indian Prime Minister should give Press Conference and host quesions & answers session with estabilished media regarding the Rupee, Oil price & Rafael and his grand plans to control the devalvation of Rupee, oil price and Economical down turn.

    DisAgree Agree [2] Reply Report Abuse

  • Vincent Rodrigues, Katapadi/Bangalore

    Wed, Oct 10 2018

    Government will do well only when they speak truth and stop misguiding the people with their class lies.

    DisAgree Agree [3] Reply Report Abuse

  • Netizen, Mangalore

    Wed, Oct 10 2018

    Rkr Mangalore/Dubai. It is Columbia University not Colombian University.

    DisAgree [1] Agree [1] Reply Report Abuse

  • RkR, Mangalore/ Dubai

    Tue, Oct 09 2018

    He knows the hardship of parents when you educate your sons n daughters abroad.
    Elder son -Harvard Business School (HBS)
    Second son- Colombian university

    DisAgree Agree [4] Reply Report Abuse

  • Anees, Karkala/Dubai.

    Tue, Oct 09 2018

    Still Coma people expecting ACCHE DIN AANEWALAA HAI. But that people NO more after some year...

    DisAgree [1] Agree [12] Reply Report Abuse

  • shetty, puttur

    Tue, Oct 09 2018

    IMF projects a rebound in Indian economy forecasts 7.3% growth in 2018. India would regain the tag of fastest-growing major economies of the world, crossing China with more than 0.7 percentage point in 2018 and an impressive 1.2 percentage point growth lead in 2019.

    DisAgree [29] Agree [3] Reply Report Abuse

  • geoffrey, hat hill

    Tue, Oct 09 2018

    With this clueless bunch at the helm of affairs, the coma might soon become a full stop.

    DisAgree Agree [20] Reply Report Abuse

  • PEDDA GUNDOO, MANGALURU

    Tue, Oct 09 2018

    current trend is #metoo movement which is important M.rSinha Rupees gaya tel lene ! We are focusing on woman empowerment and her safety ! Indian economy is not important as per the current trend and one day tanushree datta remembered and worshiped for the mess she created around the MEDIA !

    DisAgree Agree [4] Reply Report Abuse

  • Swamy, Mangalore

    Tue, Oct 09 2018

    This is exactly what Subramanyam Swamy predicted 1year ago that India soon will have economic disaster, all banks will go bankrupt and there will be heavy economic turmoil.

    DisAgree Agree [20] Reply Report Abuse

  • anthony, Mangalore

    Tue, Oct 09 2018

    High time that there is accountability for actions by the Govt be it the sliding rupee or the Rafale Scam. There is a growing feeling that free for all situation is developing in the country in the absence of accoutability.

    The Bofors scam is appearing like peanuts before the Rafale Scam.

    DisAgree [1] Agree [19] Reply Report Abuse

  • Cyril, Mangalore

    Tue, Oct 09 2018

    rupee against dollar
    RIP

    DisAgree Agree [21] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Tue, Oct 09 2018

    Rest In Peace ...

    DisAgree Agree [25] Reply Report Abuse

  • HENRY MISQUITH, Bahrain

    Tue, Oct 09 2018

    First time in Indian history Indian rupee has slipped so low, credit should go to feku and co..

    DisAgree [1] Agree [38] Reply Report Abuse


Leave a Comment

Title: Indian rupee has slipped into coma: Yashwant Sinha



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.