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BJP leader Yashwant Sinha blames Chidambaram for the current state of economy

March 30, 2014 - New Delhi

  • Senior BJP leader and former Finance Minister Yashwant Sinha criticized the way finance minister P Chidambaram ran the economy. He posed a questionnaire to Chidambaram on issues like price rise, economic growth and job fronts.
  • Yashwant Sinha credited the economy growth rate in the first tenure of UPA government to the NDA government, which is its predecessor. Sinha said that the growth rate achieved between 2004 and 2007 were largely due to the steps taken by NDA government before UPA came to power.
  • He said that the next NDA government will take proper expenditure management and not adhoc steps taken by UPA. A detailed examination of all the expenditure will be done by BJP after coming to power, Sinha said.
  • Yashwant Sinha posed 18 questions to Chidambaram. Some of the questions posed by Sinha are:
  • Is it fact that after 10 years of misrule by the UPA government economic growth rate has once again slowed down drastically...the GDP growth rate for seven consecutive quarters has been below 5 per cent?
  • Is it a fact that the markets have celebrated your announcement of not standing for the elections; that on March 19, 2014 when you made this announcement the BSE Sensex shot up by 125 points, that the forex market was also delighted and the rupee has strengthened considerably against the dollar since then.
  • Is it a fact that consumer price inflation has averaged around 10 per cent per annum between 2008 and 2013?
  • Is it a fact that you have been made the Finance Minister thrice and that every time you have ended up running the economy to the ground and weakened the foundations of the Indian economy?
  • Is it a fact you have drastically reduced Plan and productive allocations in the budget and taken recourse to questionable means to maintain fiscal deficits around 5 per cent of GDP and that you made a mockery of the Fiscal Responsibility and Budget Management Act?

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