New Delhi, Nov 10: Senior BJP leader on Friday urged Prime Minister Narendra Modi to remove Finance Minister Arun Jaitley in a bid to improve the country’s financial system.
“Modi should remove or change the Finance Minister if we want to improve the country’s economic condition,” Yaswant Sinha told media persons.
He stated Jaitley should be succeeded by someone who can handle the Finance Ministry “efficiently”.
Hitting out at the Goods and Services Tax (GST), he said that “GST ne desh ki arthik waywastha ko kabada kar diya” (GST has ruined the national economy).
Sinha said Jaitley had been repeatedly amending the GST but insisted that the tax regime would not work.
“Jaitely as the Finance Minister did not apply his brain when he prepared and implemented the GST. This is evident the way he has been tinkering it time and again. Even today some changes have been made. But any patchwork will not work. GST needs an overhaul.”
Sinha asked Modi to constitute a high-level committee chaired by economist Vijay Kelkar to study GST and suggest remedial measures.
Earlier in a day, the former finance minister rubbished Prime Minister Narendra Modi’s claim that demonetisation was successful, saying the move had actually failed.
“Notebandi has failed as its objective was not fulfilled. There is no black money return,” Sinha asserted, adding that 99 per cent of the banned currency had returned.
Addressing an event organised by rebel Janata Dal-United leader Uday Narayan Choudhary, he said “But as usual the Central government has been taking help of lies to prove that it was a success”.
Accusing the central government of not being serious about tackling corruption and black money, he asked why has a probe not been ordered into the business dealings of Bharatiya Janata Party President Amit Shah’s son Jay Shah.