Today morning, former Finance Minister P Chidambaram hit out at Prime Minister Narendra Modi and his government over the economic condition of the country. The veteran Congress leader highlighted the shortfall in tax revenues and a sharp increase in retail inflation. His remarks come three days before the Union Budget.
Mr Chidambaram criticized the PM and BJP for their campaign tactics for next month’s Delhi Assembly election. He urged them to refrain from “abuse and rhetoric” and explain to voters why “achhe din (good days) has not arrived after 6 years”.
It is not the first time that he has targeted PM Modi and the central government over the slowdown in the economy. Earlier this month, Mr Chidamabaram condemned the BJP over a “sliding economy” and warned of “youth and students exploding in anger.”
“Since the PM and his minister seem cut off from reality, here are three things they can speak about in the Delhi elections…
CPI has increased from 2 per cent in Jan 2019 to 7.35 per cent in Dec 2019. Tax revenues will fall short of budget estimates by Rs 2.5 lakh crore in 2019-20. There will be sharp expenditure cuts in programmes meant for SC, ST, OBC, minorities and women & children,” the senior politician tweeted.
“People want to hear facts about the economy, not abuse and rhetoric. People want to know why achhe din has not arrived after 6 years,” he added.
He made a series of tweets targeting the Modi government over their “achhe din” promise. “Food inflation at 14.12 per cent. Vegetable prices are up 60 per cent. Onion prices are over Rs 100 per kg. This is the achhe din promised by the BJP,” he tweeted. PM Modi discussed with top economists and experts, earlier this month, explaining how to revive the economy of the country. Finance Minister Nirmala Sitharaman will be presenting the budget on Saturday.