Published On : Wed, Sep 27th, 2017

Yashwant Sinha says Finance minister has made mess of the economy,Chidambaram backs him

New Delhi: Senior BJP leader Yashwant Sinha has hit out at Finance Minister Arun Jaitley saying that the economy has been on a downward spiral on his watch.

“I shall be failing in my national duty if I did not speak up even now against the mess the finance minister has made of the economy,” Sinha wrote in The Indian Express.

“I am also convinced that what I am going to say reflects the sentiments of a large number of people in the BJP and elsewhere who are not speaking up out of fear,” the veteran leader added.

Jaitley has squandered the opportunities presented to him, Sinha said, adding that global crude prices were low when he took over and the government reaped a fiscal Bonanza. “But the oil bonanza has been wasted and the legacy problems (NPAs, stalled projects) have not only been allowed to persist, they have become worse.”

The veteran BJP leader warned that economies are destroyed more easily than they are built. “The PM claims that he has seen poverty from close quarters. His finance minister is working over-time to make sure that all Indians also see it from equally close quarters,” Sinha added.

Chidambaram backs Yashwant Sinha’s views on the economy:

Senior Congress leader P Chidambaram backs Yashwant Sinha and claims that he speaks the truth.

Taking to Twitter, the former finance minister wrote, “Yashwant Sinha speaks Truth to Power. Will Power now admit the Truth that economy is sinking?”

Earlier, Sinha in an editorial in the Indian Express wrote that he would “be failing in my national duty if I did not speak up even now against the mess the finance minister has made of the economy”.

The veteran BJP leader in his column warned that economies are destroyed more easily than they are built. “The PM claims that he has seen poverty from close quarters. His finance minister is working over-time to make sure that all Indians also see it from equally close quarters,” Sinha added.