Blaming the faulty policies of UPA Government for present economic mess Samajwadi party said that the damage done to the economy can not be undone because the Union Government does not have the political will to bring the economy back on rails.
''The economic situation in the country is bad and the government is yet to take any step to counter it,'' said SP general secretary and spokesperson Ram Gopal Yadav here on Monday.
Talking to reporters on the sidelines of a function Professor Yadav did not give his reaction on the rise of prices of petroleum products but said where we are today is because of the wrong economic policies of the UPA-II Government
."The weak rupee is due to large scale import while export is decreasing. Rising import and decreasing export is a danger signal," he said.
To a query on the reports of withdrawal of Disproportionate Assets (DA) cases against Mulayam Singh Yadav and Uttar Pradesh Chief Minister Akhilesh Yadav, the SP leader said the CBI has not registered any case against them and only a preliminary investigation was ordered by the court.
"There is no disproportionate assets case against Mulayam and Akhilesh...only a preliminary probe is being done against them. The report that case was registered is not true," Yadav said.
Whatever has appeared in media is a false canard against the Government. The fact is the Samajwadi party is all geared up for the lok Sabha elections. "We have announced candidates in most of the seats but still we are reviewing the performance of these candidates. If need be we can change them," he said.
When asked whether SP would contest in Sonia Gandhi and Rahul Gandhi's constituencies -- Rae Bareli and Amethi -- Yadav said, "Why are you (media) so curious about itIJ"
About food security and land acquisition bills, Yadav said Congress had promised them in 2009 lok Sabha polls but did nothing. "Congress is going ahead with them due to vote bank politics when polls are near to take political mileage," he said.