Udayavni Special

I need to speak up now said Yashwant Sinha


Team Udayavani, Sep 27, 2017, 11:58 AM IST

New Delhi: Senior BJP leader and former finance minister Yashwant Sinha has now hit out at Finance Minister Arun Jaitley criticizing the current state of economy.

Sinha has shared his opinion on the current state on English daily where he said “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.”

Yashwant Sinha further added saying, “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.”

Questioning the current state he said, “Private investment has shrunk as never before in two decades, industrial production has all but collapsed, agriculture is in distress, construction industry, a big employer of the work force, is in the doldrums, the rest of the service sector is also in the slow lane, exports have dwindled, sector after sector of the economy is in distress”

“Demonetisation has proved to be an unmitigated economic disaster, a badly conceived and poorly implemented GST has played havoc with businesses and sunk many of them and countless millions have lost their jobs with hardly any new opportunities coming the way of the new entrants to the labour market.” He added

“For quarter after quarter, the growth rate of the economy has been declining until it reached the low of 5.7 per cent in the first quarter of the current fiscal, the lowest in three years.”

Mr Sinha predicts that a revival by the time of the next Lok Sabha election “appears highly unlikely”.

Many critics including the Congress tweeted the article, ensuring its place among top trends. Delhi Chief Minister Arvind Kejriwal of the Aam Aadmi Party called it a “very hard-hitting article”.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Bengaluru: Couple cheated of ₹16.7 lakh on pretext of role for son in ads

Delta plus: New Covid variant identified, experts say no cause of concern for now

Mangaluru: Cops arrest two including Omani national for possessing Ganja and MDMA

Arvind Kejriwal inaugurates Gujarat AAP office

Rishi Sunak drawn into in-law Narayana Murthy Amazon tax dispute

Udupi DC clarifies on viral video claiming vaccine gives magnetic power

Shivamogga: 7,300 cusecs water released from Tunga dam



Related Articles More

Reports of its foreign investors’ accounts being frozen ‘blatantly erroneous,’ says Adani Group

Journo who exposed Harshad Mehta scam hints at another scandal; trends on Twitter

Rupee slips 14 paise to 73.21 against US dollar in early trade

Baba Ramdev’s Ruchi Soya files FPO document to raise up to Rs 4,300 cr

Amazon India to impart core machine learning skills to make students industry-ready

MUST WATCH

Udupi DC G Jagadeesh Malalagadde clarification | Magnetic Powers after Receiving Vaccine

Heavy rainfall across Mangaluru

Sanchari Vijay Passes Away | Last Exclusive Interview with Udayavani

OVERFLOODED DAM IN SHIMOGA

MUMBAI PARKED CAR SINKS ON ROAD

Latest Additions

Huge traffic jams in Bengaluru after easing of lockdown restrictions

Farmers across India suffering due to Centre”s indifference: Mamata

Bengaluru: Couple cheated of ₹16.7 lakh on pretext of role for son in ads

Delta plus: New Covid variant identified, experts say no cause of concern for now

Maha CM lauds transport dept over new system for learning licence, vehicle registration

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.