This ad will auto close in 10 seconds

Inertia in economy; paralysis in govt: BJP

Last Updated: Thursday, April 19, 2012 - 00:47

New Delhi: BJP on Wednesday alleged the UPA government is suffering from policy paralysis and indecision which had caused an inertia in the economy and suggested the Congress-led dispensation should look at avenues which provide jobs as well as contribute to asset creation.

Speaking at a session of the CII Annual General Meeting, Leader of the Opposition in Rajya Sabha Arun Jaitley said after 1991 India was a "great success" story but "all of a sudden there was a policy paralysis and indecision when the UPA has come to power".

The BJP leader maintained the root of the problem is more political than economic.
Elaborating on the issue, he said in a company it is possible to have a board of directors in one place and a professional CEO running the organisation elsewhere but "the largest democracy in the world" cannot function like this.

"In this government, the North Block (Finance Ministry) decides what to tax but it is 10, Janpath (UPA Chairperson Sonia Gandhi`s residence) which decides where to spend," Jaitley said.

He said India now seems to be moving towards the pre-1991 era as there is "inertia" in the economy and no infrastructure development is taking place.

"I asked the Finance Minister why creating jobs could not be linked with asset creation.... Under MNREGA, you only dig up pits and then fill them up. You don`t think in terms of asset creation," Jaitley said.

He charged the UPA government is focussed on taxing everything and as much as possible.


First Published: Wednesday, April 18, 2012 - 23:08
comments powered by Disqus