Business Standard
Monday, Feb 13, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

BJP blames UPA for slow pace of reforms
BS Reporter / New Delhi Jul 06, 2009, 00:30 IST

The Opposition Bharatiya Janata Party (BJP) has blamed the Congress-led United Progressive Alliance (UPA) government for slackening the pace of economic reforms, leading to a dip in the country’s growth.

Party leader Sushma Swaraj has issued a statement listing the BJP’s analysis of the Economic Survey, which had admitted that in view of the continuing slump in the global economy, India’s projected economic growth could see a further slowdown.

Swaraj blamed the UPA government for choking economic reforms, which, she claimed, were initiated by the A B Vajpayee-led National Democratic Alliance (NDA) regime. She said that the Manmohan Singh government, during its first tenure, had virtually choked the reforms for “political opportunism”.

“A stalled disinvestment programme, failure to promote foreign investments at desired rate and failure to channelise sufficient investments into infrastructure have all resulted in sapping a growth curve which was poised to enter the double-digit domain (remember it clocked 9.7 per cent in 2007),” she said.

Terming the Economic Survey as a huge “wish list”, Swaraj said that although the growth was projected between 8.5 per cent and 9 per cent in 2009-10, much of the growth momentum would depend on attracting high levels of investments. She wondered why the Economic Survey did not list the steps which would make India an attractive destination for global investors.

Picking holes in the survey on UPA’s pet concern for “aam admi”, the BJP alleged the document was silent on several issues concerning common people. The statement said the survey had adopted a “selective silence” on issues like job losses, farmers’ plight, widening gulf between the rich and the poor, and, more importantly, on the soaring food prices.

“Is this survey about the 40 per cent Indians? The rest 60 per cent have only one prescription — doles. Is there a long-term vision for these teeming millions?,” the BJP leader asked.

The party condemned the UPA for its inability to spell out a road map on checking high food prices in the economic document. Swaraj warned the government that unless the inflation in food prices was tackled, all the benefits of debt waiver would go awry.

Meanwhile, an angry Maneka Gandhi today shot off a letter to Prime Minister Manmohan Singh accusing his government of “lackadaisical” attitude in dealing with the threat to the life of her son Varun Gandhi, a BJP MP, and demanded proper security.

A day after Delhi Police said it has arrested six sharpshooters of Chota Shakeel gang allegedly planning to kill the lawyer of Varun, Maneka said, “I find it bizarre that we have never been informed of any attempts or even been advised on any security precautions. We simply learn of these attempts through the media.”

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Weekly: Uptrend continues, broader markets outperform
- CBI begins in-house probe into AI's pay-off scam
- British bankers arrested in tax probe
- DLF net debt falls, to raise Rs 6,000 cr by FY13-end
- Oil India Q3 net up 12% at Rs 1,014 cr
Tags : bjp | upa | Sushma Swaraj
  Read Business news in 
- Now property search gets more exciting than ever before!
- Office 365 for professionals and small businesses.
- Are You Serious About Your Future? Click here to know more
- Financial Learning now made easier and more convenient.
- Earn fuel worth Rs.2400 with Citi
- India's No. 1 Property Site. Click here to know more..
- Get 5% cashback on telephone bills with Citi
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Be part of it The World's Largest Aircraft.
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
- Health is Wealth..... Insurance + Savings... Know More...
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- Budget could change provisions to tax international transactions
- Greek drama to set mkt mood
- Emaar MGF created 10 firms to usurp prime land: CBI
- Some suitors for Gujarat Gas may combine
- Want to defeat communal forces: Prithviraj Chavan
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
  Hot Searches  
 
Ambassador car |  Uttarakhand |  TCS |  Sarfaesi Act |  Vodafone |  DZire |  Aakash tablet |  Sodexo |  NHAI |  Companies Bill 2011 |  Playbook |  Rupee |  Samsung Galaxy Note |  Kingfisher Airlines |  FDI in retail |  Silver |  Provident Fund |  income tax refund |  Anna Hazare |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  TCS |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us