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

Centre suffering from 'multi-organ failure': Yashwant Sinha

Image
Press Trust of India Jamshedpur
Last Updated : Jun 24 2013 | 1:55 PM IST
Lambasting the Congress-led UPA government's failure to bring the economy back on the track, senior BJP leader and former Union Finance Minister Yashwant Sinha has said the Centre was suffering from "multi-organ failure".
Reacting to depreciation of Rupee against US 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 here last night, Sinha expressed apprehension that the depreciation of rupee may touch Rs 70 mark as against US dollar unless urgent steps were taken for its recovery.
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 to 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 job opportunities during its tenure from 2004-09 against six crore job created by the Atal Bihar Vajpayee-led NDA government between 1999 and 2004.

Also Read

First Published: Jun 24 2013 | 1:55 PM IST

Next Story