Govt comes under sharp attack on prise issue

Referring to 51 per cent FDI in retail, Sushma said even Obama was supporting US small business

PTI | December 8, 2011



Government today came under sharp attack on the issue of price rise with the Opposition accusing it of failing to curb inflation and the BJP even asking it to quit if it fails to "find a way out" of the current situation.

Leader of the Opposition in Lok Sabha Sushma Swaraj accused the government of pursuing wrong economic policies, while Gurudas Dasgupta (CPI) said the seasonal reprieve from inflation should not work as a respite for the government which should aim at brining down inflation in the long term.

Referring to Finance Minister Pranab Mukherjee's statement 'I don't know where this country is going' made after a man slapped Agriculture Minister Sharad Pawar, Swaraj said it was the duty of the government of the day to find a way out.

"...You find a way. If you cannot, leave the chair and then we will show the way," Swaraj said, winding up her speech on a discussion on inflation.

She blamed "wrong" economic policies and corruption in government behind price rise.

"CAG has exposed six scams worth crores of rupees. 60,000 tonne of foodgrain is rotting in in godowns and government has taken a loan of Rs 53,000 crore...the RBI has increased interest rates 13 times...have goodies by taking loan," she said.

At one point, Swaraj and Mukherjee had a brief exchange of words.

Swaraj asked Mukherjee to listen to what she was saying instead of reading documents.

Mukherjee shot back by saying that it was repeat of her old speeches and said he was listening to "every word" she has said while going through the notes.

At this Swaraj said the speech can be changed if the government is able to change in situation, prompting the Finance Minister to say that people know what the BJP did when it was in power.

Swaraj also accused the government of "doling out" figures and statistics when the "hungry actually need food".

Referring to the Cabinet decision on allowing 51 per cent FDI in multi-brand retail, she said even US President Barack Obama was supporting 'US small business Saturday' where people buy things from small shops.

On the issue of blackmoney, Swaraj said if the money stashed away in bank accounts abroad is brought back, it will help curb inflation.

Dasgupta, who initiated the discussion, said government should work towards increasing agricultural produce if it wanted a long term solution to curb inflation.

"The respite from inflation is seasonal and the government should not be satisfied...the panorama of price rise has not been eliminated," he said.

Terming the government as "rudderless", Dasgupta said the issue of price rise was a "long story of failed promises of a faceless government...government led by eminent economist Manmohan Singh has all along been on the wrong side."

Rewati Raman Singh (SP) said that despite several expert and committees recommended that the inflation should not be more than 6 per cent in any case.

Dara Singh Chauhan (BSP) said the government must do something to contain inflation as the poor people are desperately waiting for situation to improve.

Sharad Yadav (JD) alleged that continuous price rise shows that the government efforts (to contain inflation) are not visible.

"Government is not making serious efforts to contain inflation and instead making policies which are fueling it," Yadav said.

Attacking BJP, Kalyan Banerjee (AITC) said, "You will not come in power by delivering a speech here. You need a mandate for that."

T K S Elangovan (DMK), Basudeb Acharia (CPM), B Mahtab (BJD), Anandrao Adsul (SS) and Supriya Sule (NCP) also participated in the discussion.

Comments

 

Other News

The 7% growth problem: Why the next 7% will be harder

India has become accustomed to hearing the 7% growth number. It is now less a milestone than an expectation. Yet the paradox is becoming clearer: maintaining 7% growth may be considerably harder than achieving it once. India’s real GDP grew 7.7% in FY2025–26, following growth of 6.5% in FY202

The Constitution cannot be altered: Justice Abhay Oka

Justice Abhay Oka, who retired from the Supreme Court in May 2025, has said that the Constitution of India cannot be altered. Explaining the landmark Kesavananda Bharati judgment (1973) on the basic structure of the Constitution, he said, “This is one judgment that has saved democracy in India.&rdq

How the flora and fauna evolved in the Indian subcontinent

Mammals of India  By A.J.T. Johnsingh and P.O. Nameer HarperCollins India in association with Bombay Natural History Society  

India`s renewable race is moving beyond megawatts

When Shell bought Sprng Energy in 2022, India`s renewable energy market appeared to offer precisely what global energy majors were seeking: scale, growth and a place in one of the world`s largest energy transitions. Four years later, Shell is selling the same business to Aditya Birla Group for an enterpris

Nepal Floods: India keeps close watch on the situation

India`s central government has been keeping a close watch on the situation arising out of the flash flood in Nepal on Wednesday. Union home minister Amit Shah spoke with the chief ministers of Bihar and Uttar Pradesh, the two states that share the border with Nepal, regarding the disaster

UPI completes 10 years of digital payments revolution

The Unified Payments Interface (UPI), launched on August 25, 2016 by the National Payments Corporation of India (NPCI) under the regulatory oversight of the Reserve Bank of India (RBI), has completed 10 years of transforming digital payments in India. UPI has emerged as the backbone of India’s digi

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter