The ruling party in Punjab — Shiromani Akali Dal (SAD) — on Wednesday demanded the immediate resignation of the Congress-led UPA Government to revive investors' confidence in the country.
"Only the NDA could arrest the alarming decline in the Indian economy," stated party's senior leaders, including Punjab Cabinet Minister Sharanjit Singh Dhillon and Chief Minister's Adviser Maheshinder Singh Grewal in a joint statement.
They said that UPA Government must resign immediately and pave way for fresh elections before the Indian rupee attained junk status. "Once this is done, the people of the country will elect a Government of their choice which would be assisted by charismatic leaders like Narindra Modi who will revive global confidence in the country and its leadership," it added.
Expressing deep concern over the historic drop in the Rupee vis-à-vis Dollar with the Rupee now being rated at Rs68.16 to the Dollar, the Akali leaders said that this state of affairs had come about due to gross mismanagement of economy by UPA Government.
"The slide in the Rupee started occurring after the last union budget in February this year and even as it is nose diving to record lows no corrective action is being taken by the UPA", the Akali leaders added. Asserting that the situation was set to become even more precarious, Grewal said that Rupee was likely to sink further with the United States set to withdraw the financial stimulus package given to the country earlier.
Both Grewal and Dhillon said in such a situation the people of Punjab as well as the country were shocked at ludhiana MP and Union Minister Manish Tewari's recent statement demanding Punjab Government to issue white paper on the State's finances. "Is Tewari simply daft or is he trying to divert people's attention from the financial crisis affecting the Centre", they asked even as they claimed the answer was probably the latter.