All governments have failed the people of India: Yashwant Sinha

“Most parties are opportunistic and have been changing their stands rapidly on reforms and also the GST,” said Sinha

swati

Swati Chandra | July 14, 2017 | New Delhi


#Rupa Publications   #Pavan K Verma   #Jairam Ramesh   #Montek Singh Ahluwalia   #Indian economy   #book   #Yashwant Sinha   #1991   #reforms  
GN Photo
GN Photo

 “The support of political parties to reforms depends on which side they sit in the parliament,” said former finance minister Yashwant Sinha while referring to the 1991 economic reforms and other major financial decisions.

“Most parties are opportunistic and have been changing their stands rapidly on reforms and also the GST. There are a number of issues on which there is no consensus. Though there is consensus in the government, but the same is lacking among political parties,” Sinha said on Thursday releasing his newly edited anthology of essays by well-known economists and policy makers evaluating economic reforms and future challenges. 
 
The book ‘Future of Indian Economy’, co-edited by economics professor Vinay K Srivastava and published by Rupa Publications, comes 25 years after the 1991 economic reforms.
 
The book contains 18 essays covering pre and post liberalisation era, fiscal and budgetary reforms, PSEs and disinvestment by key policy makers and economists including Sanjay Baru, Mani Shankar Aiyyar, Shekhar Dutt, C Rangarajan and others. 
 
 
Sinha said: “Reforms have not done much for the masses. I come from Jharkhand and have seen people living in extreme poverty. There are no roads, no electricity. Unfortunately, in last 70 years since independence, all governments have failed the people of this country.”
 
“Though we have moved ahead, but reforms are selective and are generally slow. But things are happening and we need not despair,” he added.
 
On BJP chief Amit Shah’s claim that over 7 crore people have become self-employed under centre’s Mudra loan scheme, Sinha wondered that going by the same algorithm, why not treat every loan borrower in the same way. 
 
Former commerce secretary Montek Singh Ahluwalia, who played a key role in forming economic policies in 1991, briefed about gradualism in reforms and how policy makers and people were driven by pink press and not social media and WhatsApp unlike the present times.
 
 
Congress MP Jairam Ramesh, JNU professor Deepak Nayyar, Rajya Sabha MP Pavan K Varma were also present on the occasion.
 

Comments

 

Other News

This Mumbai NGO empowers children with skills

When Dharmendra Pandey, a fruit-seller had to leave Mumbai after the imposition of the lockdown during the Covid-19 pandemic, and return to his village in Uttar Pradesh, he was staring at economic uncertainties ahead. Little did he know that his 16-year-old son, Mahavir, had acquired skills that would come

Masks: Awareness: near-total, compliance: half-way

Wearing a face mask is the first line of defence against the novel coronavirus, along with maintaining social distance and frequently washing hands with soap. More than six months after the outbreak of Covid-19, nearly 90 percent of people in India have become aware of the necessity of wearing a face mask,

Covid-19: Daily recoveries cross 1 lakh mark, new cases far fewer

Is India finally gaining an upper hand over the Covid-19 pandemic? After weeks of new cases hitting 90,000-plus every day, the tide seems to be turning, as the number came down to 75,083 on Tuesday, and the recoveries were not only higher than that but crossed the 1 lakh mark too. The countr

A travelogue of an inner pilgrimage

Sit Your Self Down A Novice’s Journey into the Heart of Vipassana By Gayatri Jayaraman Hachette India, 212 pages, Rs 399   As stress and strife increase in daily life, more and more people are turning to meditation as an all

Vote in the time of Covid: EC hosts global webinar

On completion of one year of the chairmanship of the Association of World Election Bodies (A-WEB), the Election Commission (EC) of India on Monday hosted an international webinar on the theme of “Issues, Challenges and Protocols for Conducting  Elections during COVID-19 : Sharing Country

Freedom of press in India is a myth: Tewari

Sections of the news media have degenerated into becoming the pet performing poodle of the government, says Manish Tewari, former information and broadcasting minister and a member of the Lok Sabha. In a webinar chat with Kailashnath Adhikari, MD, Governance Now, on Friday as part of the Vis

Governance Now Tech Masterclass State Governments

Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter