Hit back on former Prime Minister Manmohan Singh who attacked the BJP government economic and foreign policy in the election of Punjab, Minister of Finance Nirmala Sitharaman called him PM remembered for “Indian notorius status brought to a fragile. Five economies” and ask if he can speak ” Only for selection purposes “.
“A prime minister remembered because he had brought India to the fragile economy … A prime minister who could not control the inflation of 22 months continuously, a prime minister who saw the capital fly away from this country – how the prime minister came ( Former) Today suddenly remembered the Indian economy? … Is it only for the election of Punjab? “He said in interaction with journalists, hours after Singh released the video message, in Punjabi on Thursday.
In the video, Singh said the BJP government did not understand the economy. “Because of their wrong economic policy, unemployment is at its peak, farmers and entrepreneurs, women, and students all face problems,” he said.
Sitharaman said he did not expect such an attack from “an educated prime minister”. “He also commented on the inclusivity. Why can’t he talk when the vaccine is sold with profits in Punjab? He doesn’t speak to say the vaccine is not for earnings (the Congress government is accused of transferring vaccines to private hospitals). Dr. Manmohan Singh, I have greetings to You, but I don’t expect this from you. Just can the election consideration that makes the Prime Minister learned this country speaks badly about a country that grows at this speed, the economy after the pandemic that grows the fastest? “Said Minister of Finance.
Citing GDP figures, Sitharaman said the value at the market price was established at RS 232 Lakh Crore now while it was Rs 110 Lakh Crore seven-eight years ago. Foreign exchange reserves are $ 630 billion, from $ 275 billion seven years ago. The average inflation during 2013-14 was 9.5%, while 5.23% now, he said.
Sitharaman also registered alleged fraud during the upa time, including at the National Stock Exchange (NSE). “It itself is enough to judge your government. You can’t do anything,” he said. The Sebi market regulator has passed several strictures against NSE and former Chitra Ramkrishna chief executive and Ravi Narain for several violations. “All promises in question are carried out during the time of UPA,” said Minister.
In Oxfam India’s inequality killed a report, which showed a widening gap between the rich and poor, Sitharaman said the methodology and the criteria used were defective. “The report in question is based on a disability metric. One of them is to measure wealth using asset accountability data … (ie) a decrease in wealth occurs when the obligation or debt increases,” he said.
Sitharaman argues: “When poor households can go to the bank and borrow, thanks to financial inclusion because Jan Dhan Yojana, he is able to increase its consumption. This increases their family’s living standards. This allows them to borrow for education and foster their business and increase their capacity To get more and consume more. That is why taking liabilities is a disability methodology and does not measure the actual impact of what is called ‘liabilities’ in the actual welfare and wealth. “