Bengaluru, May 7: Former Prime Minister Manmohan Singh on Monday targetted the Narendra Modi government over its “disastrous policies” and accused it of “peddling conspiracy theories” instead of taking “prompt corrective actions”.
Addressing a press conference, the senior Congress leader stated ” The economic management of Modi government is slowly eroding the trust of the general public in the banking system. Recent incidents which resulted in shortage of cash in many states were preventable”.
“Every time we have sought an answer for any of the disastrous policies of the present BJP government, all we hear is that ‘the intentions’ are virtuous”.
Singh further stated, in only four years the present government reversed the successes of UPA, adding the growth rate under NDA is lower than UPA despite favourable global conditions and changes in calculation methods.
He also attacked the Modi government’s decision on demonetisation and roll out of the Goods and Services Tax (GST).
“Demonetisation and hasty implementation of GST dealt a blow to the rural economy and to the common man. High petrol prices have made the situation worse and mismanagement of the Modi Govt is evident”, Singh added.
The economic mismanagement of the Modi govt is slowly eroding the trust of the people in the banking system: Dr Manmohan Singh #INC4Karnataka
— Congress (@INCIndia) May 7, 2018
The Former Prime Minister also raised the issue of fuel price hike and accused the central government of punishing common man by not passing on the benefits of low petroleum prices internationally to the people here.
“Petrol and diesel prices in India are at a historic high. This is in spite of lower international crude oil prices because the Modi government chooses to levy excessive excise taxes. Instead of passing on the benefit of low prices to people, the Modi government has sought to punish our people”.
In a scathing attack, Singh said “No Prime Minister in our country has used the Office of the Prime Minister to say things about his opponent that Mr Modi has been doing day in and day out. It doesn’t behove a Prime Minister to stoop so low and it is not good for the country as a whole as well”.
Talking about absconding diamond merchant Nirav Modi who is allegedly involved in multicrore Punjab National Bank fraud, the Senior Congress leader said “As far as Nirav Modi is concerned, it was obvious that in 2015-16, that something is going around with the affairs of Modi. Yet the Modi government didn’t do anything. If blame has to be cast, it has to be on the government of mandate”.
In fact, the Prime Minister was in Davos in the company of Nirav Modi and only a few days later he ran away from the country. That itself is the reflection of a sad state of affairs in this wonderland of BJP government