PM should step down if he cannot stop rupee`s slide: BJP
New Delhi: With the rupee going downhill, BJP on Wednesday said bankruptcy of ideas and indecisiveness of Congress-led UPA government is responsible for it and demanded that economist Prime Minister Manmohan Singh step down if he cannot stop the slide.
"Manmohan Singh became the Finance Minister and later the Prime Minister of this country due to his reputation of being a great economist. If he cannot control the slide of the Rupee or improve the state of the economy then he has no right to continue in office and should step down," BJP spokesperson Shahnawaz Hussain said.
Another party spokesperson Prakash Javadekar blamed the fall of the rupee against the US dollar on "complete bankruptcy of ideas, indecision and non-governance of the UPA government".
"Manmohan Singh and his team of ministers are clearly to be blamed and must own responsibility. If the government would have taken timely action on the import-export front and would have done massive public investment in infrastructure, the health of the economy would have been better," he said.
Citing the example of Mexico and other countries which faced a similar challenge, Javadekar said they showcased how they could stabilise their currency with a major push of reforms. This helped them withstand the pressure created by the sudden outflow of FIIs.
"The country and its people will have to pay for the follies of this government. There will be all round price rise and millions will lose jobs and the common man will suffer. It is the non-governance of the UPA which is responsible for the crisis," he said.
The BJP leader charged that the government is clueless and the economic situation has gone out of hand.
More from India
More from World
More from Sports
More from Entertaiment
- Dr Subhash Chandra Show: Aspiring for more than what you have!
- ISIS to buy first nuclear weapon from Pak?
- Mumbai: CCTV captures assailant with gun at Film City
- Mathura SSP receives death threat letter, message for PM Modi
- Reservation issue: Police register case against Bainsla, 20 others
- Zee Media exclusive chat with 'Welcome to Karachi' cast
- Watch: Fast N Facts @ 7:30pm
- Zee Media exclusive interview with Haryana CM Manohar Lal Khattar
- Haridwar: Hotel Radisson Blu sealed for polluting Ganga
- Girl in Punjab's Pathankot quit studies for fear of eve-teasing
- Special: Furious over rising water crisis, people take to the streets
- UP Minister allegedly threatens, abuses Gonda businessman
- Manali: Heavy corruption found in environmental taxes
- Couple in Bihar asked to pay Rs 50,000 as 'tax' for inter-caste marriage
- Aapke Sitare: Astro prediction for May 24, 2015
- IPL 2015 Final: MI vs CSK - As it happened...
- IPL 8 Final: We need to be at our best against Mumbai, says Michael Hussey
- Heatwave continues in North India; death toll in Andhra Pradesh, Telangana more than 400
- 'Tanu Weds Manu Returns' starts on a good note at the Box Office!
- CBSE 12th Result 2015 to be announced on Monday
- Death threat to PM Narendra Modi ahead of Mathura rally sends police into tizzy
- Organisation demands re-examination of AIPMT 2015
- Standoff with LG: Arvind Kejriwal calls emergency session of Delhi Assembly
- Kejriwal completes 100 days in office, AAP says centre 'shadow boxing' over row with LG
- IPL 2015 final: Mumbai Indians thrash Chennai Super Kings by 41 runs to lift second title
- CBSE Class 12th Board Results 2015 to be announced on Monday, May 25
- Online filing of applications for UPSC civil services exam begins
- No alliance with JD-U in Bihar: BJP