#PunjabAssemblyElections2022

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Sitharaman attacks Manmohan: ‘Will he speak only for poll purposes’

The Finance Minister also pointed out that the National Stock Exchange scam happened during UPA’s era.

Hitting back at former Prime Minister Manmohan Singh who attacked the BJP government’s economic and foreign policies in the run-up to the Punjab elections, Finance Minister Nirmala Sitharaman called him a PM who is remembered for the “notorius status of India being brought to a fragile five economy” and asked whether he could speak “only for electoral purposes”.

“A Prime Minister who is most remembered for having brought India to a fragile five economy… a prime minister who could not control inflation 22 months continuously, a prime minister who saw capital fly away from this country – how come this (former) Prime Minister today all of a sudden remembered about the Indian economy?… Is it only for the Punjab elections?” she said in an interaction with journalists, hours after Singh released his video message, in Punjabi, Thursday.

Singh said the BJP government did not understand economics. “Because of their wrong economic policies, unemployment is at its peak, farmers and entrepreneurs, women, and students are all facing problems,” he said.

Sitharaman said she did not expect such an attack from “a learned Prime Minister”. “He also commented on inclusiveness. Why could he not speak when vaccines were being sold for a profit in Punjab? He did not speak out to say vaccines were for not for profit-making (the Congress government was accused of diverting vaccines to private hospitals). Dr. Manmohan Singh, I have great regards for you, but I did not expect this from you. Can only electoral considerations make a learned Prime Minister of this country talk ill of a country which is growing at this pace, the fastest-growing economy post-pandemic?” the Finance Minister said.

Quoting GDP numbers, Sitharaman said the value at market prices stands at Rs 232 lakh crore now whereas it was Rs 110 lakh crore seven-eight years ago. Foreign Exchange Reserves are at $630 billion, from $275 billion seven years ago. Average inflation during 2013-14 was 9.5%, while it is 5.23% now, she said.

Sitharaman also listed alleged scams during UPA time, including at the National Stock Exchange (NSE). “That itself is enough to assess your government. You could not do anything,” she said. The market regulator SEBI has passed several strictures against the NSE and its former chief executives Chitra Ramkrishna and Ravi Narain over several violations. “All the appointments that are under question were made during UPA time,” the minister said. On the Oxfam India Inequality Kills report, which indicated a widening gap between the rich and poor, Sitharaman said its methodology and the criteria it used were flawed. “The report in question is based on flawed metrics. One of them is to measure wealth using Asset Liability data… (that is) a decline in wealth happens when liabilities or debts increase,” she said.

Sitharaman argued: “When a poor household is able to go to a bank and borrow, thanks to financial inclusion due to Jan Dhan Yojana, it is able to increase its consumption. This improves the living standards of their family. It allows them to borrow for education and grow their business and increases their capacity to earn more and consume more. That’s why taking liabilities is a flawed methodology and does not measure the actual impact of these so-called ‘liabilities’ on actual welfare and wealth.”

[mantrin]

Mr Lalit K Sharma, our founder CEO, had the pleasure of debating on Zee Punjabi alongside Mr Vivek Kapoor, MD Jalbath Fittings and Mr Lucky Sandhu, Congress Representative, on the upcoming elections. Mr Sharma spoke avidly on what the businessmen of Punjab expects from the new government and how unemployment should be the priority if we want to see growth. http://www.lalitksharma.com https://www.mantrin.com

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Forward Of Punjab Polls, Arvind Kejriwal Guarantees Free Energy, Invoice Waiver

Chandigarh: Aam Aadmi Celebration chief Arvind Kejriwal has promised Punjab a giant incentive for votes within the coming meeting elections -- 24-hour electrical energy, 300 models free for every household and a waiver on earlier energy payments. Pointing to Delhi, the place he made comparable guarantees forward of polls, Mr Kejriwal stated, "That is Kejriwal's promise, not Captain's vows. We ship our guarantees. Captain's guarantees have not been fulfilled even after 5 years".Talking at Chandigarh's Punjab Bhawan, the Delhi Chief Minister --- who has been attempting so as to add Punjab to his bag -- stated if AAP wins in Punjab, the facility invoice waiver promise shall be met instantly.Each family within the state may even get free electrical energy as much as 300 models. "By doing this, round 77 per cent to 80 per cent individuals of Punjab can have zero electrical energy invoice," he stated.The promise of 24X7 energy provide, nonetheless, may take as much as three years to fulfill, he warned his viewers.Punjab generates surplus electrical energy, however has hours-long energy cuts throughout the state. On prime of it, many individuals get inflated payments, he stated."An individual with two lights and a fan will get electrical energy payments of Rs 50,000 a month. How is that this even attainable? That is unsuitable. It will finish with instant impact. Not simply that, all outdated arrears and pending or excellent payments shall be cancelled. Nobody has to pay outdated payments," he added.Pointing to Delhi, he stated town doesn't generate any electrical energy however attracts energy from completely different states."However nonetheless, the electrical energy value in Delhi is among the many lowest within the nation. How is that this being achieved? And why ought to it not be achieved in Punjab too?" stated the Delhi Chief Minister, who gained a second straight time period within the nationwide capital earlier this 12 months.AAP, which attributes its Delhi victory to its work within the energy and training sectors, have been attempting to arrange the bottom in Punjab. On this, it has been competing with the state's Congress authorities, which additionally leans in the direction of populist measures.Mr Kejriwal's reminder of the unfulfilled guarantees of the Amarinder Singh authorities is seen to be the Congress's weak level on this election. A piece of Congress leaders have rebelled in opposition to Mr Singh on this rating. They've additionally demanded that the guarantees be met earlier than the elections are held, setting off a disaster inside the get together.AAP, ebullient after its victory in Delhi of 2015, had hoped to bag neighbouring Punjab two years later, however ended up with solely 20 of the state's 117 seats. The Congress swept to energy with 77 seats, ending the 10-year rule of the Akali-BJP authorities. Read the full article