Under-fire Bharatiya Janata Party (BJP) leader Yashwant Sinha on Thursday hit back at his party members Rajnath Singh and Piyush Goyal for denouncing his stand on demonetisation and Goods and Services Tax (GST). While speaking to the media, the former Finance Minister during Atal Bihari Vajpayee’s government took up several questions and explained his criticism of the current BJP rule.
Yashwant Sinha said that he politely disagree with the opinion of Rajnath Singh and Piyush Goyal. While taking a dig at the two BJP leaders, he said, “Maybe they both know economy more than me, so they think that India is backbone of world’s economy.” Then he added that, “If you leave out Congress finance ministers, then I am the only person who has presented 7 budgets.”
Sinha said “Before 2014, I was the party spokesperson when it came to economic affairs and we used to call UPA situation back then as ‘Policy Paralysis’.” He went on to say that everybody knew that the economic condition of the country was declining and the previous government cannot be blamed for this because BJP was handed a full opportunity to rectify it.
Speaking on the ramifications of recently implemented GST, Sinha lamented that he was a supporter of GST but government was in a hurry to implement it from July and now the GSTN (Network), which is the backbone of it, is failing. Continuing his attack on the two biggest economic policies undertaken by government, he went on to say demonetisation shouldn’t have been brought when economy was weak, its effects were yet to subside and GST served as second big blow.
“Today, people of the country are desperately in need of employment but when you ask anyone, they will tell you there are no jobs. The first and paramount task of this government was to improve the existing condition of the banks and we are still waiting for it to happen,” he said while attacking the government’s initiatives.