Punjab Revenue Minister Bikram Singh Majithia on Thursday said that clear indictment of the Congress-led UPA Government by renowned industrialist Rattan Tata for failing to control historic slide in Rupee’s value was not only voice of India’s business houses but also a reflection on UPA policies which had led country into a financial crisis.
“Rattan Tata is known for his plain speak…If Tata says that UPA Government is pulling in different directions and that his aspirations from Prime Minister Manmohan Singh have not been realised, country is bound to sit up and notice the development,” said Majithia, in his official statement. He said that this was not the first time that top business houses had reacted in disgust at the manner in which Rupee had tumbled as well as crash in the stock markets and resultant inflation.
“Earlier, leading industrialist Rahul Bajaj had called for bringing an end to the volatility in currency but to no avail…Similarly, Godrej group chairman Adi Godrej had recently urged that Government use its foreign exchange reserves to arrest Rupee’s record plunge to avoid sending economy into a nose dive but the advice fell on deaf ears,” pointed Majithia.
Also taking on Punjab Congress leaders — State party chief Partap Singh Bajwa and Union Minister Manish Tewari, Majithia said that they were “deliberately trying to create mischief by talking about State’s financial situation at a time when financial markets were in grip of mayhem due to UPA Government’s mismanagement”. “Will Bajwa and Tewari demand imposition of financial emergency in country with even a doyen like Rattan Tata talking about a leadership deficit at the Centre,” questioned Majithia.
Urging the Congress leaders to walk the talk, Majithia said they should be man enough to admit that long bouts of inaction, uncertainty in governance, lack of inter ministerial clearances for key projects; were responsible for today’s State of affairs.