rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » Centre suffering from multi-organ failure: Yashwant

Centre suffering from multi-organ failure: Yashwant

June 24, 2013 14:33 IST

Centre suffering from multi-organ failure: Yashwant

     Next

Next

Lambasting the Congress-led United Progressive Alliance government's failure to bring the economy back on the track, senior Bharatiya Janata Party leader and former Union Finance Minister Yashwant Sinha has said the Centre was suffering from ‘multi-organ failure’.

Reacting to depreciation of Rupee against dollar, Sinha said, "In fact, the government is suffering from multi-organ failure.

Speaking on ‘country’s condition and direction in the prevailing situation’ organised by the City-based Jamshedpur Citizen Forum in Jamshedpur on Sunday night, Sinha expressed apprehension that the depreciation of rupee may touch Rs 70 mark as against dollar unless urgent steps were taken for its recovery.

Click NEXT to read further. . .


Image: Yashwant Sinha.
Photographs: Rediff Archives

     Next

Centre suffering from multi-organ failure: Yashwant

Prev     Next
Prev

Next

Sinha said it was not possible to control inflation unless steps were taken to check fiscal deficit.

Regretting that the Centre was not at all willing to heed BJP's suggestions to improve the economic condition of the country, the BJP leader said the law of economy was as ruthless as nature but the government was reluctant to listen to our suggestions.

Describing the prevailing growth rate as ‘jobless growth’, the Centre has created only 27 lakh (2.7 million) job opportunities during its tenure from 2004-09 against 6 crore (60 million) jobs created by the Atal Bihar Vajpayee-led National Democratic Alliance government between 1999 and 2004.

Click NEXT to read further. . .


Image: A college student cheers after getting her face painted with the tricolour Indian national flag.
Photographs: Ajay Verma/Reuters

Prev     Next

Centre suffering from multi-organ failure: Yashwant

Prev     Next
Prev

Next

Led by Vajpayee, BJP had promised to create 1 crore (10 million) jobs per year and surpassed the mark during its tenure, he claimed while expressing shock over the tardy development.

Road construction has come to a halt and land acquisition has become a major problem during the UPA government.   

The Vajpayee-led NDA government did not even had adequate equipment for construction and had to hire it from abroad but succeeded in constructing hundreds of kms of road during its tenure, he said.

Click NEXT to read further. . .


Image: An employee arranges Indian currency notes at a cash counter inside a bank in New Delhi.
Photographs: Mukesh Gupta/Reuters

Prev     Next

Centre suffering from multi-organ failure: Yashwant

Prev     More
Prev

More

“Today, we have all modern road construction equipment but the government is able to build only three to four kms of roads per day", he said, adding that corruption has been prevailing in construction of National Highways.

To a query whether the trend of coalition government was responsible for the prevailing corruption in the country, Sinha strongly denied this saying the Manmohan Singh-led UPA government had miserably failed to handle the coalition government.

Criticising the Prime Minister, Sinha said political compulsion alone could not run a coalition government.

It needed good leadership to make a coalition government successful, Sinha said and appreciated Atal Bihar Vajpayee, who led the first coalition government in the country successfully.


Image: A Kashmiri woman walks under a garland made of rupee notes on display at a market in Srinagar.
Photographs: Fayaz Kabli/Reuters

Prev     More
© Copyright 2014 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.