On the occasion of the release of his book, 'Andhere se Ujale ki Aur' (From darkness to light), the Finance Minister came in for lavish praise with BJP chief Amit Shah hailing him as one of the few post-Independence leaders who worked to restore value-based polity.
In his address on the occasion of release of the book, an anthology of his write-ups, blogs and speeches translated in Hindi, Jaitley said he has been in the thick of political events since the days of Emergency and has been writing for decades on relevant issues.
While releasing the book, Shah said Jaitley in his write-ups expressed the voice of rural India despite coming from an affluent background and having grown up in Lutyens' Delhi, and has also criticised the media despite being considered "a media's darling".
Praising his work as the Finance Minister, he credited him with piloting two "achievements" of the Narendra Modi government--the GST bill and the Income Declaration Scheme.
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He was also among those party leaders who started the practice of putting in place a sound election management system, from strategising to picking relevant issues, Shah said.
Referring to BJP's multi-pronged campaign for 2014 Lok Sabha polls, Jaitley said he wrote on the party's request regularly from July-August 2013 to May 2014 when the last round of polls took place and results were announced.
He also rued the lack of humour and satire in public life, saying there used up be a lot of space for this earlier and referred to the likes of former Prime Minister Atal Bihari Vajpayee and politicians Piloo Mody and Madhu Dandavate.
Jaitley said that for years the success of Railways was
measured by subsidising consumers and making populist announcements regarding trains.
"Railways got caught in a battle where populism prevailed over performance and the basic principle on which any commercial establishment is to be run, the first essential principle is that consumers must pay for the services that they receive," he said.
"Worldover, only those services have succeeded where there is a financial model and the financial model is that the consumers pay for what they receive. We turned this whole theory upside down by a self imposed indiscipline that populism requires that I require that consumers not to pay for service that they receive. Therefore, any establishment will start crumbling under its own weight and contradictions," he said.
He said the Highways sector, which has developed in the last 15 years, is giving railways a real run for money and in terms of passenger traffic now with airline network, even for travel purposes railways will face a big competition.
"Therefore, unless both in performance as also in internal management, you are not able to maintain the highest of standards, the dangers of losing out to competition will always be there," he said.
Jaitley said railways have been fighting the competition and the stress is showing in their finances.
"Logically, there is no difference in the functioning or requirements of airports or railway station. Therefore, with the kind of real estate and land in their possession, there is no reason why railways cannot develop to that level," he added.