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Chidambaram left economy in a 'shambles', alleges Jaya

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Press Trust of India Karaikudi (TN)
Last Updated : Mar 21 2014 | 8:37 PM IST
AIADMK supremo and Tamil Nadu Chief Minister J Jayalalithaa today charged Union Finance Minister P Chidambaram with leaving the country's economy in a "shambles" and bringing it to the "brink of destruction".
Launching a sharp attack against Chidambaram at his hometurf, Jayalalithaa declined to accept his victory from Sivaganga Lok Sabha constituency in 2009, questioning him why he was not ready for a recounting in the controversial poll where he defeated AIADMK candidate.
"Did Union Minister Chidambaram, elected from your (people) constituency do anything for you? No. Neither has he cared for you nor the country's economy. His actions are also reason for the economy being in a shambles," she said while addressing an election rally here.
The TN Chief Minister recalled that he had held the Finance portfolio from May 2004 to November 2008 and later allotted the same in August 2012.
"During his term the country's growth rate has dipped, inflation has increased, value of Indian rupee against US dollar has dropped, exports have decreased and imports gone up. Overall Indian economy has gone to the brink of destruction," she said while lambasting Chidambaram.
His achievements in the constituency were confined to inaugurating about 200 new bank branches, "which he boasts" and this alone would not mean growth.
The growth of various sectors like agriculture, industry and education was true growth, Jayalalithaa said while listing out her industrialisation efforts for the backward South Tamil Nadu including setting up industrial parks and asked what steps Chidambaram had taken.
"He is an expert in cutting down on state's financial resources and dumping expenditure on them besides burying democracy," she said.

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First Published: Mar 21 2014 | 8:37 PM IST

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