“No prime minister in past made such comments about a former PM,” said senior Congress leader P Chidambaram.
“Indian economy is not in good shape is now obvious. The IMF has projected that the growth rate of India this current fiscal year will not be 7.6 per cent but 6.6 percent. Several other agencies have made similar projections,” said Singh.
The Bharatiya Janata Party alleged that Singh and Chidambaram, helped industrialist Vijay Mallya get huge loans for bailing out the now defunct Kingfisher Airlines.
He (Urjit Patel ) should not be put to odd questions, Singh, who himself was RBI Governor once, is believed to have told the Committee.
Congress vice-president Rahul Gandhi, former finance minister P Chidambaram and other senior party leaders addressed the session at Talkatora Stadium in the national capital.
The CBI had on Friday arrested SP Tyagi for allegedly influencing the Rs 3,600-crore deal in favour of AgustaWestland.
Goyal hailed the government’s move to demonetise Rs 500 and Rs 1,000 notes, saying the decision had been taken very seriously and after much deliberation, in contrast to what the Opposition claims.
Yechury said demonetisation would have a deep impact on the Indian economy on a medium term basis as it would take at least six months for things to settle down.
Ideologies are determining politicians’ assessment of the costs of the policy. Amid the commotion, food prices have been stable
Arun Jaitley expressed confidence that the measures taken would have a positive impact on the economy in the long and medium term.
Sources said the party had urged him to give a television interview, but Manmohan Singh’s health came in the way.
Referring to the Reserve Bank’s decision not to allow district central co-operative (DCC) banks to exchange the old currency, the Sena chief asked if liquor baron Vijay Mallya had taken loans from these banks.
Manmohan Singh in his speech in the Rajya Sabha castigated the government over the move, saying its implementation was a “monumental management failure” and a case of “organised loot and legalised plunder”.
Modi also spoke to senior Congress leaders Ghulam Nabi Azad and Anand Sharma during the break.
The 84-year-old former Prime Minister was said to be unwell and expressed his inability to attend the meeting.