Jaitley was here to brief media about achievements of the Narendra Modi government in the last one year.
Asked about Congress's allegation that NDA government had drastically cut the social sector spending, Jaitley termed it "a jugglery of figures".
"Earlier, the states' share of total revenue was 32 per cent....14th Finance Commission suggested that Centre's share should be decreased to 58 per cent while states' share should be increased to 42 per cent," said Jaitley.
He also slammed Congress for questioning the Rafale fighter aircraft deal. "You can't take 10 to 15 years to finalise a defence deal. This was a deal between India and France. Thus the decision was between one government and another. Congress should first study it and then make allegations," he said.
On inflation, he said, the rate of inflation was 11 per cent when UPA left; today the consumer price index is 5 per cent while wholesale price index is running negative. "Though prices of some seasonal commodities, such as dal, have increased, the overall inflation has gone down," he claimed.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
