Seek financial emergency for Centre: Majithia to Congress | punjab | Hindustan Times
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Seek financial emergency for Centre: Majithia to Congress

Financial emergency was required indeed, but at the Centre, revenue minister Bikram Singh Majithia said here on Thursday, paying the Congress back in its own coin. A change of government at the Centre was the only solution to the country's problems and it was sure to happen after the 2014 general elections, said Majithia.

punjab Updated: Aug 30, 2013 23:43 IST
HT Correspondent

Financial emergency was required indeed, but at the Centre, revenue minister Bikram Singh Majithia said here on Thursday, paying the Congress back in its own coin.


A change of government at the Centre was the only solution to the country's problems and it was sure to happen after the 2014 general elections, said Majithia. "After Reserve Bank of India (RBI) governor D Subbarao has blamed the Congress-led United Progressive Alliance (UPA) government squarely for the domestic currency's pathetic slide, it has no moral authority to govern the country," he added, appealing to the President to declare financial emergency in the country.

Delivering the 10th Nani Palkhivala memorial lecture, the RBI governor had in clear terms highlighted the union government's failure in tackling the issue of economy. Interacting with the media here, Majithia said the RBI was an independent and statutory body with impeccable integrity and the finance minister was trying to impinge on its autonomy.

Earlier, Tata group's former head Ratan Tata had held the union government responsible for the continuous devaluation of rupee. It was not just the concern of India's business houses but also a reflection on the UPA's policies that had led the country into deep financial crisis, said Majithia, adding that the Centre was indifferent to advice from financial experts.

"With no international investor reposing faith in the Centre's capability to pull the country out of trouble, the states also will suffer," said the revenue minister. "The 'economist surplus' UPA government has put the country in a hopeless situation to suit a few individuals such as Congress president Sonia Gandhi and her coterie," he added.

He dared state Congress president Partap Singh Bajwa and union minister of state for information and broadcasting Manish Tewari also to demand financial emergency in the country in Parliament. "Bajwa should at least convince his own party's government to increase the flood-relief compensation," he said, adding that Punjab's economy had suffered because it was a part of a country in crisis.

After kabaddi, wrestling next
Later, presiding over the third day's events of the four-day Babbehali Chhinjh and Cultural Festival, Majithia congratulated chief parliamentary secretary Gurbachan Singh Babehali for organising traditional wrestling competitions. "The efforts of deputy chief minister Sukhbir Singh Badal for the promotion of traditional sport kabbadi have brought lucrative contracts to its players worldwide," he said, looking forward to the fourth World Cup Kabaddi in December adding that coming up next were traditional wrestling competitions between India, Pakistan and some Middle East teams.

"The state's sports budget has increased from Rs 12 crore to Rs 142 crore; besides Rs. 200 crore has gone into creating world-class infrastructure and upgrading 13 international-level stadiums. Almost 3 % posts in the government service were reserved for outstanding athletes," he added.