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Business & Finance Politics

“Looked the other way when corruption was happening”: Nirmala Sitharaman hits back at Manmohan Singh

Nirmala Sitharaman said that she respects Dr Manmohan Singh but recalling “when and what went wrong during a certain period is absolutely necessary to put it in context”.

 

Washington| The war of words between Finance Minister Nirmala Sitharaman and her critic, former Prime Minister of India Dr Manmohan Singh intensified today. Singh on Thursday had said that the government cannot blame every economic crisis on the previous UPA government. In response, Nirmala Sitharaman hitting back at Singh has said that he remained silent when corruption flourished under his government.

Nirmala Sitharaman had earlier taking a jibe at her critics said that it was during the era of Manmohan Singh and former RBI Governor Raghuram Rajan that the Public Sector Banks saw their worst phase. She claimed that during the UPA era, loans were given to crony industrialist based on a phone call from politicians.

Manmohan Singh looked the other way…

Nirmala Sitharaman said that she respects Dr Manmohan Singh for telling her not to do the blame game, but recalling “when and what went wrong during a certain period is absolutely necessary to put it in context”. she also added that Manmohan Singh looked the other way when corruption was happening under his government.

India remains the “Fastest Growing Economy”

Sitharaman who is in the US will be attending the annual meeting organized by the International Monetary Fund and the World Bank. The IMF, recently,  cut India’s growth rate at 6.1%. Downplaying the reduction in growth forecast, Sitharaman said that despite this, India remains a fastest growing economy. She also added that efforts are being made to make it grow faster.

Govt should learn from past mistakes of Congress:

Former PM Manmohan Singh was addressing a press conference in Mumbai on Thursday. When asked about the statement of Nirmala Sitharaman, Singh said that in Congress, there were some weaknesses, but this government should learn from our weaknesses and deal with the problems of the economy. “You do not need to avoid questions every year by saying that all these are due to the UPA government. You cannot find a solution this way,” Singh said.

He said,

“YOUR GOVERNMENT HAS BEEN THERE FOR THE LAST 5 YEARS. BUT WHAT HAPPENED, NIRAV MODI RAN AWAY. THE GOVERNMENT IS JUST MAKING ALLEGATIONS, NOT FINDING ANY SOLUTION TO THE ISSUES.”

 

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