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Finance Minister Sitharaman Defends Centre Over Price Hike

Sitharaman
Finance minister Nirmala Sitharaman said India has emerged as the fastest growing economy amid the pandemic.

Mumbai: After a lot of chaos in both the houses of the parliament over price rise and inflation for more than  10 days since the monsoon session began, the finance minister Nirmala Sitharaman came to the parliament yesterday to address the opposition after recovering from Covid. Responding to the debate on price rise she provided an overview of all the parameters for assessing the economy, saying that there is no chance the country will slide into recession or stagflation.

Congress raised against her and said that it wasnโ€™t satisfied with her response. To Congress, the union minister said, โ€œCongress MPs are walking out, their hypocrisy has been exposed.โ€

Sitharaman then added, โ€œThe pandemic, second wave of Covid, Omicron, Russia-Ukraine โ€” in spite of all this we have held the inflation at 7 percent or below. And that has to be recognized, currently, retail inflation is at 7 percent. During the UPA rule from 2004 to 2014, inflation went into double digits. During that period, the inflation was above 9 percent for 22 consecutive months. Efforts are made to bring down inflation.

The finance minister also added that India is still better than other nations.

โ€œI fully credit the people of India for this, even against adversity we are able to stand up and be recognised as as the fastest growing economy,โ€ she said.

The Congress MP Manish Tewari  accussed the BJP led government of mishandling the economy by demonitisation, GST hike .

The minister also asserted that the Goods and Services Tax (GST) levied on food items such as curd, lassi and wheat would not burden poor households.

TMCโ€™s Kakoli Ghosh Dastidar, munching on a raw brinjal, said the price of LPG cylinders had been increased in a row for four times in recent months. โ€œFrom Rs.600 to now Rs.1100.Does the government want us to eat raw vegetables?โ€ She asked.

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โ€œThere Is No Inflationโ€: BJP MP

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Jayant sinha

The BJP MP from Jharkhandโ€™s Hazaribagh lashed out at the Opposition parties, saying they ventured out to look for inflation but did not find it and that if they must worry about inflation it is in their states.

New Delhi: Bhartiya Janata Party leader and former minister of state for finance Jayant Sinha on Monday said that there is no โ€˜mehengaiโ€˜ (inflation) and the Opposition has been looking for it but is unable to find it.

Participating in the discussion on price rise in Lok Sabha, Mr. Sinha said that the government has ensured that the plate of the poor is full of eatables and the people are shielded from the impact of inflation caused by the COVID-19 pandemic and the Ukraine crisis.

He further said Vegetables are available at a maximum of 15-20 Rsโ€If you look at the โ€˜thaliโ€™ of a poor, and ask him what is the price you are paying for rice, he would tell you that it is for free, dal also is available at low prices. The vegetables you were getting for โ‚น 10-15 eight years back, you are still getting for around the same price and at a maximum of โ‚น 15-20,โ€ Mr. Sinha said.

Mr. Sinha further claimed that the control of the government on the prices of essentials such as flour, milk, and eggs has been unmatched.

Accusing the opposition of doling freebies, he said, โ€œThere are a lot of the โ€˜revdiโ€˜ people. In Rajasthan also choorma is being made and ghee is being added to it. We have to be careful of those making choormasandeshjalebi, and those revdiwalas who are destroying the country.โ€ the BJP MP said.

Taking a dig at the Aam Aadmi Party and Delhi Chief Minister Arvind Kejriwal, he said, โ€œDelhi people have got a halwaai who keeps making jalebi and he has taken that to Punjab and now since elections are coming, that โ€˜Jalebiwalaโ€™ is going to Gujarat and Himachal Pradesh.โ€

The BJP MP from Jharkhandโ€™s Hazaribagh lashed out at the Opposition parties, saying they ventured out to look for inflation but did not find it and that if they must worry about inflation it is in their states.

 

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