India

First-time MP Jayant hits back, says UPA legacy is a burden

  • HT Correspondent, Hindustan Times, New Delhi
  • |
  • Updated: Jul 17, 2014 12:13 IST

The BJP on Wednesday made its first-time MP Jayant Sinha to be the lead speaker to discuss the Union budget presented in the Lok Sabha last week by finance minister Arun Jaitley.

Speaking after 43-year-old Congress leader Jyotiraditya Scindia claimed that the NDA was following UPA’s policies, the son of former finance minister Yashwant Sinha retaliated saying below five percent growth for two consecutive years during UPA was “scandalous” and “shameful”.

Sinha, who was elected from Hazaribagh in Jharkhand, also went on to claim that average inflation during the UPA’s last five years was about 10%, highest for any emerging economy during the period. He attributed it to the UPA’s bid to give out doles in the name of empowerment.

“We have to manage the legacy left by you. It is a huge challenge... People don’t want doles, people want jobs,” Sinha said.

He also said that the economy did badly as both domestic and foreign investors lost confidence in UPA’s policies. “The rate of savings came down from 33 per cent to 30 per cent and people started hedging the risks by buying more gold,” he added.

The Harvard-educated MP outlined the new government’s ideology and said the budgetary measures would help in boosting the country’s investment cycle.

Sinha was among many first-timers who were given an opportunity by the BJP to speak on important issues in the session. On Tuesday, four first-time MPs in the lower house including Chhattisgarh chief minister Raman Singh’s son Abhishek Singh spoke during the discussion on the railway budget.

Singh spoke about the reforms needed in railways to make it modern and people-friendly. He also sought concessions for his home state Chhattisgarh.

 

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