Staff Reporter / New Delhi
Coming down heavily on government economic policy, the Congress party today said that the government was pushing the country towards a ‘financial emergency’.
Addressing a press conference, Party spokesperson Randeep Singh Surjewala, said: “ there are ‘dark clouds of economic decay around us”.
“There are dark clouds of economic decay all around us. Lives, livelihoods and jobs have been ravaged. Businesses and small and medium industries lie dilapidated. The Economy stands destroyed as GDP has been razed and mowed down. India is being pushed towards a ‘financial emergency’,” said Surjewala.
“Modi Government has plundered the economy in the last 6 years by its ‘Acts of frauds’. The Government now describes its criminal ineptitude and culpable incompetence as an ‘Act of God’. Sadly, this is the only Government in the past 73 years which blames ‘God’ for its own frauds and bluster,” he added.
Slamming the government over abolishing the question hour in the monsoon session of Parliament that begins from September 14, Surjewala said that the Centre is running scared of answering relevant questions.
“By abolishing question hour in Parliament, govt is running scared of answering relevant questions. Modi govt doesn’t want to answer on brazen transgression by China onto Indian Territory, blunder of Indian economy, falling GDP and over 12 crore job losses,” he said.
The Congress leader said that the Government of India is a “declared defaulter” for the first time in the last 73 years.
“In the meeting of ‘Parliamentary Standing Committee on Finance’ dated August 11, 2020, the Finance Secretary clearly said that Government of India is not in a position to give GST compensation to States. The latest SBI report of September 1, 2020, predicts a shortfall and revenue loss of 3 lakh crore in GST collections for the States. How will States meet their expenses? This is Economic Anarchy,” he said.
Surjewala said that the Modi Government has filed an affidavit in the Supreme Court conveying its decision to not extend the moratorium on payment of EMI’s by salaried class and the middle class beyond August 31, 2020.
“The Modi Government has refused to provide interest waiver also. All hopes of the middle-class lie shattered,” he added.
