Modi blasts 'mute' PM, says both UPA & rupee have lost value

The Gujarat CM says today our currency is on deathbed

Press Trust of India Rajkot
Last Updated : Aug 24 2013 | 3:32 PM IST

Don't want to miss the best from Business Standard?

Gujarat Chief Minister Narendra Modi today continued his tirade against Prime Minister Manmohan Singh over the falling rupee, saying both he and the domestic currency have turned 'mute'.

"There was a time when Indian rupee was making lots of noise. But today it has lost its voice. And similarly we are unable to hear the voice of our Prime Minister. Both have turned mute," he said here in Saurashtra region.

The Chief Minister was speaking at a function organised to felicitate him for creation of Morbi as a separate district carved out of Rajkot. Modi, on August 15, had announced the formation of seven new districts.

The BJP Election Campaign Committee Chief, in his Independence Day speech, had attacked Singh on various issues, including the falling rupee and the stand-offs with Pakistan and China.

Expressing serious concern over the continuous fall in the value of rupee, Modi said, "today our currency is on deathbed. It is in terminal stage and urgently needs attention of a doctor."

Training guns at the Congress-led ruling coalition at the Centre, he said "at the time of coming to power this Government had promised to reduce inflation within 100 days, but that has eluded the country."

"At present both - rupee and UPA Government, have lost their value. Time has come to stop our country from destruction. The Central Government is misguiding the country. People need to know why our country is heading towards destruction."

At the function, Modi was weighed in silver and around 80kg of the white metal was presented to him by representatives of ceramic industry of Morbi.

Modi announced that proceeds from the donated silver will be used for building the proposed 'Statue of Unity' monument of Sardar Patel on Narmada river.

In his almost hour-long address, Modi singled out the Congress, which is out of power in the state since mid-1990s, for criticism. "The party should ponder why people are not allowing it to enter Gujarat.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 24 2013 | 2:55 PM IST

Next Story