Don’t miss the latest developments in business and finance.

Opposition takes on govt on price rise issue

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 11:53 PM IST

Concerned over price rise, Opposition today warned that it will be forced to tell the government 'Go, for God's sake, Go' if it failed to check the spiral, which has hit the common man hard, at the earliest.

Leading the charge, former Finance Minister and BJP leader Yashwant Sinha, who initiated a discussion in Lok Sabha on a motion expressing "deep concern" over price rise, blamed government policies for the situation and said, "We will not accept inflation of more than 3%".

Hitting out at the Congress which came to power on the 'aam aadmi' plank, he alleged that government policies have helped the profiteers, blackmarketeers, hoarders and the corrupt to "loot" the common man of an additional Rs 6 lakh crore in the past three years.

"The amount is huge given the fact that the revenue of the government this year is to the tune of Rs 6.64 lakh crore," he said.

"We totally reject the theory that growth is required at any cost. Growth for what? To dispossess the poor and push them further into the vortex of poverty", he said, adding "the poorest of the poor at the bottom strata of our society does not understand high GDP growth at 8-9%".

"As Oliver Cromwell told a British Prime Minister in his time 'Go, for God's sake. In the name of God, Go, Go', this House will tell you the same and will not tolerate" if the government failed to check rising prices, he said referring to the famous words of the English statesman to parliament in 1653.

Also Read

First Published: Aug 03 2011 | 3:03 PM IST

Next Story