Economist PM has lost to crony capitalism: BJP
September 30th, 2011 - 10:03 pm ICT by IANS
New Delhi, Sep 30 (IANS) Calling the United Progressive Alliance (UPA) government a failure on the economic front, Bharatiya Janata Party leader Arun Jaitley Friday said Prime Minister Manmohan Singh, an economist, was helpless in front of crony capitalism.
“There is crony capitalism, corruption and the increasing tolerance for the same within the UPA. The economist prime minister appears to be helpless,” Jaitley said at the party’s national executive meet.
“The current economic situation in India is quite worrisome as we watch helplessly the growth momentum slipping rapidly on account of high inflation and loss of business confidence because of failure of governance, and corruption in high places,” he said.
Calling the government “heartless”, the BJP leader attacked the UPA for “ruthlessly” increasing oil prices. He said the foreign direct investment (FDI) was decreasing and even the Indian industries were moving out of the country.
“There is a decline of growth with all-round increase in prices. It is a structural problem created by the UPA’s inability to bring forth the correct policy prescriptions,” he added.
- Modi's absence, talk of PM candidate, cloud BJP meet (Roundup) - Sep 30, 2011
- Quartet of 'great economists' has failed India: Venkaiah Naidu - Jan 31, 2012
- A year of disappointment for UPA: BJP - May 24, 2010
- Scams, cabinet infighting turn birthday blues for Manmohan - Sep 25, 2011
- Jaitley snubs Congress on FDI - Dec 12, 2011
- Concerned over possible hike in medicine prices: Jena - Nov 29, 2011
- Bhushan attacks government's 'non-populist' policies - Dec 11, 2011
- Rajnath slams UPA over price rise, corruption - Jun 13, 2011
- BJP opposes FDI in multi-brand retail - Nov 24, 2011
- FDI decision ill-timed, UPA caught in dilemma: Jaitley - Dec 02, 2011
- UPA government at war with itself, Pranab wisest man: Jaitley - Sep 22, 2011
- BJP plans sit-in over central government's 'failure' - May 23, 2010
- BJP woos Bengal voters with good governance promise - Apr 15, 2011
- UPA-II high on economy, to combat Maoism, corruption (Night Lead) - May 22, 2012
- Jaitley predicts regime change in Tamil Nadu - Apr 04, 2011
Tags: bjp leader, business confidence, capitalism, corruption, current economic situation, economic front, economist, foreign direct investment, growth momentum, inflation, manmohan, manmohan singh, national executive, New Delhi, oil prices, party leader, policy prescriptions, prime minister manmohan, prime minister manmohan singh, progressive alliance