Yashwant Sinha article: Senior BJP leader Yashwant Sinha has continued his attack on Finance Minister Arun Jaitley saying that the latter wouldn’t be there if he had been a job applicant. Sinha’s jibe came after FM Jaitley in a speech on Thursday said that there are job applicants at 80. The former Finance Minister had written a hard-hitting article in Indian Express over the alleged economic slowdown. Sinha also rejected the allegations that the IE article was a personal attack on Jaitley. “If it is the economy, it has to be the finance minister and not the home ministry,” Sinha was quoted as saying by IE. Taking a dig at FM Jaitley, Sinha said, “PM Narendra Modi has reposed the fullest confidence in the finance minister, it is only that the finance minister has not delivered.”
Slamming the government over the current state of the country’s economy, he said government misread the gravity of the economic situation including the banking crisis. “They completely misread the situation and kept chipping away at the margins, instead of attacking the problem at its roots,” Sinha said. Sinha said the government, which has been in power for 40 months, cannot hide behind the [argument] that these are legacy issues.
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He also said that he does not consider demonetisation as a reform at all. “It might have been to clean up the economy. It was an administrative measure, and all the objectives of demonetisation — they appeared as having failed,” Sinha told Indian Express.
Yesterday, Sinha also said he had sought an appointment with Prime Minister Narendra Modi last year so he could flag the issues, which he did through the article in The Indian Express– but got none. In the article, he spoke of the “mess the finance minister has made of the economy.” “I found the doors were shut for me. Therefore, I had no option but to speak up (in media) and air my views. I am confident I have worthwhile suggestions to make (to the prime minister),” the 84-year-old IAS officer-turned-politician told national TV channels. Yashwant Sinha said any government of the day “should listen” when people like former prime minister Manmohan Singh or ex-Union finance minister P Chidambaram, considered experts on financial matters, speak up, and advised against dismissing their views as “political rhetoric”.