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During budget speech, FM makes veiled attack on Modi, Kejriwal

business Updated: Feb 17, 2014 16:45 IST

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Finance minister P Chidambaram on Monday made a veiled attack on Narendra Modi and Arvind Kejriwal, telling them "neither populism nor individualism" is an alternative way of governance and expressed confidence that people will entrust responsibility to a "hand" that works for equity.

Incidentally, 'hand' is the symbol of Congress.

Chidambaram also hit back at the BJP's PM candidate telling him "among other mentors, my mother and Harvard taught me the value of hard work".

Read: Budget, interim budget: what you should know about FM's speech

Modi had last week tried to take a dig at Harvard-educated Chidambaram saying that the growth in Gujarat was due to hard work and not Harvard.

The Finance Minister noted that Jean Dreze and Amartya Sen have pointed out that India was the first non-Western country and also the first poor country in the world to commit itself to a resolute way of governance.

Read: Highlights of P Chidambaram's interim budget 2014

Presenting the Interim Budget 2014-15, he said democracy acknowledges diversity, respects dissent, encourages debate and decides through a government of elected representatives.

"Neither populism nor majoritarianism, nor individualism is an alternative way of governance," he said in Lok Sabha quoting from a couplet from famous Tamil sage Thiruvalluvar which spoke of "not the spear but sceptre swayed with equity alone gives the ruler victory".

Chidambaram insisted "our way of governance has not come in the way of lifting 140 million people out of poverty in the last ten years. "That is the greatest achievement of the UPA governments, and we are proud of these achievements," he said presenting the last budget of UPA-II in the last session of the 15th Lok Sabha.

Full Coverage: Interim budget 2014 | Poll: FM says UPA govt's record in growth is unparalleled. Do you agree?