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Updated: July 7, 2012 03:22 IST

PM’s statement betrays defeat, frustration: Sinha

Special Correspondent
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Yashwant Sinha. Photo: Shiv Kumar Pushpakar
The Hindu Yashwant Sinha. Photo: Shiv Kumar Pushpakar

“Manmohan was complicit in all that Chidambaram and Pranab did”

Accusing Prime Minister Manmohan Singh of distancing himself from the management of the economy by the former Finance Minister and UPA Presidential nominee, Pranab Mukherjee, the BJP has said that it speaks volumes of the integrity of Dr. Singh.

At a news conference here on Friday, senior BJP leader and former Finance Minister Yashwant Sinha took exception to the comments made by the Prime Minister in an interview to Hindustan Times on the state of the economy and said that it was a statement of “defeat, frustration and dark future.”

In the interview Dr. Singh, who has taken charge of the Finance portfolio, promised greater “clarity” in tax-related matters. The Prime Minister said he would work towards making India a more business-friendly place and cut down infructuous procedures and fiscal deficit.

“What is most laughable about the interview is that the Prime Minister is distancing himself from Pranab Mukherjee. He says there will be clarity in all tax matters. Who brought about the confusion in tax matters? A Finance Minister meets his Prime Minister four or five times during the budget preparation. The PM goes through every word of the FM’s budget speech,” Mr. Sinha said. As Prime Minister, Dr. Singh was a full partner and complicit in all that P. Chidambaram [Finance Minister in UPA-I government] and Mr. Mukherjee did and could not distance himself from their decisions.

Mr. Sinha referred to the Prime Minister’s comment that it had taken the UPA eight years to undo the damage to the economy caused by the NDA policies and said no leader could look forward to consensus with the Opposition when he started on such a premise.

“The government has been and continues to be in denial.” The policy paralysis in UPA II was on account of differences within the government and had nothing to do with the Opposition.

Pointing to the statement of the Prime Minister that most measures to boost the economy didn’t require legislative measures, Mr. Sinha wanted to know what stopped the government from taking executive decisions.

Did he consider the Prime Minister an overrated economist? Mr. Sinha referred to the statement of I.G. Patel (whom he described as the guru of Dr. Singh) that he considered the PM an “underrated politician and overrated economist.”

“Singh is talking as if he is the chief consultant to the Government of India,” Mr. Sinha said. It was not for the PM to tell the world how this or that should be done.

Chidambaram as ‘kotwal’

On the appointment of Home Minister P. Chidambaram as head of the Empowered Group of Ministers on telecom spectrum, Mr. Sinha said: “That is good. He has been made the kotwal [policeman]. It will be fun.”

The Opposition has been insisting that the former Telecom Minister and main accused in the 2G spectrum scam, A. Raja, had said in his affidavit that all decisions pertaining to the telecom policy were taken after due consultations with Mr. Chidambaram who was Finance Minister then.

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No use of blaming that BJP is making false claims - It is very clear and apparent to the entire world the way in which the governance of UPAII which is corruptuion ridden, multiple huge mammoth scams running into several crores of rupees, the case of black money runnning into millions in which big politicians, corporates, media etc., are involved and what is the govt doing keeping mum and want to bury these cases similar to Bofors and our poor people will very conveniently forget as usual editor of Thuglak Mr Cho had once aptly said

from:  Ramjam
Posted on: Jul 8, 2012 at 11:21 IST

What happened to the fast track court set-up for 2G investigation? there
is absolutely no news after the culprits are out on bail. It seems every
thing is managed and the case will be put in a cold store. Corruption is
the order of the day in India. If you have money then you are respected
in our society. Money can be acquired by loot, murder and our courts
will allow you to live happily for your life time. Thats India....

from:  Chandrakant Marathe
Posted on: Jul 7, 2012 at 11:24 IST

Yes, the UPA is not intereste in serving the poor people but only
interested in covering up the scamsters and black money a/c holders.
Country badly need funds for infrastructure development yet this govt is
bent on protecting the black money and not ready to expose those a/c
holders. The Finance minister, who did this coverup now gets promoted as
the President. Surely the people who voted do not deserve this govt.

from:  mrugesh
Posted on: Jul 7, 2012 at 08:08 IST

BJP's stalwart Yaswant Sinha's statement is a very good and fine
description of the present economic situation of our country
handled by the so called "Economists" like Manmohan Singh, Pranab
Mukarji and P. Chidambaram, who were only responsible for the
downfall. Now the PM, the present finance Minister tries put the
blame on his predecessors of his own cabinet which is funny and
stupid. Pranab cannot answer the charges since he is out of
politics and begging for votes and Chidambram being a subordinate
under the PM dare not to question him.

from:  K.Sanckar
Posted on: Jul 7, 2012 at 07:59 IST

In 1980,s we had waited a decade to have a bajaj scooter, waited several years for other vehicles, when we were desperately needed them. Now, by 1990's we could purchase anything home delivery.What does this mean?. Free market or neo liberalisation, by whatever name we can call it, but remember Dr Singh had steered us through several recissions, but the local politicians do not bother about that, because it had nothing to do with them since their siphoned off funds were safe at swiss banks.But neverthekess I feel relived that the most honest and decent man is taking over the Eugien stables of corruption.

from:  M L Babu
Posted on: Jul 7, 2012 at 07:07 IST
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