Sinha’s take on economy in national interest: Shatrughan

September 28, 2017

New Delhi, Sept 28: BJP MP Shatrughan Sinha on Thursday came out in support of his party colleague Yashwant Sinha over his criticism of the state of economy, saying he was a true statesman and had shown the government the mirror.

The Bihar MP, who has been at variance with the BJP’s stand on a host of issues, also targeted his party leaders for dismissing the former finance minister’s views, saying it would be “childish” to do so as they were “entirely in the party’s and national interest“.

Taking a dig at the government in a series of tweets, he claimed motives were being ascribed to “Mr. Yashwant’s observations and “we all know that the infamous and pervasive dirty tricks department” was behind them.

The cine star-turned_parliamentarian quoted Narendra Modi, saying the Prime Minister had recently reiterated that the nation was bigger than the party and the national interest came first.

“I’m of the firm opinion that everything that has been written by Mr Sinha is entirely in the party’s and national interest,” he tweeted.

“He is a true statesman and a tried and tested man of wisdom, who has proven himself as one of the best and most successful finance ministers of the country. He has shown the mirror on the economic condition of India and has hit the nail right on the head,” he said.

Describing Mr. Yashwant as an elder brother, he said the BJP veteran must be appreciated and applauded for coming out with these views.

In his tweets, Mr. Shatrughan also praised Arun Shourie, who was Yashwant’s colleague in the Atal Bihari Vajpayee Cabinet and now has become a strong critic of the Modi government’s policies.

“Yashwant Sinha and Arun Shourie are extremely learned and experienced intellectuals. Neither has any expectation or interest in being given a post (or mininstership), especially with the next elections less than 2 years away,” he tweeted.

He said those criticising Yashwant should rebut him point by point.

“Sadly, I’m yet to hear even one point by point rebuttal. Hope, wish and pray that all those people who matter in our party ponder over what has been said by Yashwant Sinha and remedial action is taken soon. Sooner the better. Long live BJP/NDA,” he posted on the micro-blogging website.

In a newspaper article headlined, “I need to speak up now”, Mr. Yashwant had criticised Finance Minister Arun Jaitley over what he called the “mess the finance minister has made of the economy” and flayed demonetisation and the way the GST had been rolled out.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
June 5,2020

New Delhi, Jun 5: India registered its highest spike in COVID-19 cases with 9,851 more cases and 273 deaths reported in the last 24 hours. The total number of cases in India reached 2,26,770 including 1,10,960 active cases, said the Union Ministry of Health and Family Welfare.

The Ministry informed that 1,09,462 persons have been cured/discharged/migrated while 6,348 people have succumbed to the disease so far.

Maharashtra has so far reported 77,793 cases, more than any other state in the country, while the total number of active cases in the state stands at 41,402.

In Tamil Nadu, 27,256 cases have been detected so far while Delhi has reported 25,004 coronavirus cases.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
May 18,2020

May 18: Goldman Sachs expects India will experience its deepest recession ever after a poor run of data underscored the damaging economic impact of lockdowns in the world’s second-most populous nation.

Gross domestic product will contract by an annualized 45% in the second quarter from the prior three months, compared with Goldman’s previous forecast of a 20% slump. A stronger rebound of 20% is now seen for the third quarter, while projections for the fourth quarter and first of next year are unchanged at 14% and 6.5%.

Those estimates imply that real GDP will fall by 5% in the 2021 fiscal year, which would be deeper than any other recession India has ever experienced, Goldman economists Prachi Mishra and Andrew Tilton wrote in a note dated May 17.

India’s government has extended its nationwide lockdown until May 31, while further easing restrictions in certain sectors to boost economic activity, as coronavirus cases escalate across the country. The announcement followed Finance Minister Nirmala Sitharaman’s fifth briefing in as many days, in which she outlined details of the country’s $265 billion virus rescue package, which is equivalent to 10% of India’s GDP.

 “There have been a series of structural reform announcements across several sectors over the past few days,” the Goldman economists wrote. “These reforms are more medium-term in nature, and we, therefore, do not expect these to have an immediate impact on reviving growth. We will continue to monitor their implementation to gauge their effect on the medium-term outlook.”

Infections are surging across the South Asian nation of 1.3 billion people, with more than 91,300 infections, including 2,897 deaths as of Sunday, according to data from Johns Hopkins University.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
April 13,2020

Thiruvananthapuram, Apr 13: Three more people in Kerala tested positive for novel coronavirus disease on Monday, said Chief Minister Pinarayi Vijayan.

"With 3 new COVID-19 cases, the total number of cases in the state has reached 378," said Vijayan at a press conference.

Giving a break-up of the three confirmed COVID-19 cases, he said, "Of the 3 cases, 2 are from Kannur and 1 is from Palakkad."

He further said, "Till date, 15,683 samples tested, out of which 14,829 tested negative."

However, the total number of positive cases is decreasing, the Chief Minister added.

According to a recent update by the Ministery of Health and Family Welfare, the total number of cases in the country has reached 9352.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.