The Enforcement Directorate’s raids come a day after Karti, the son of former finance minister and senior Congress leader P Chidambaram, was interrogated by the agency for over 10 hours.
“What is the average of 4 years of NDA? It is 7.3 under new methodology and lower than UPA’s 10 year average. What is the direction of NDA’s growth rate? Investments? Savings? Credit growth? All downward,” P Chidambaram said
Arun Jaitley was responding to Congress member P Chidambaram’s charges on the government’s economic policy, including NHPS, for which he alleged that no budgetary provision had been made
Tears into Budget in Rajya Sabha; says MSP, promised jobs, health insurance are jumlas.
The senior Congress leader on January 13 had termed the ED raids against his son “a comedy of errors” and claimed that officers were left “embarrassed” and “apologetic” as they could not find anything at his Jor Bagh house.
Former finance minister P Chidambaram also termed Chief Economic Adviser Arvind Subramanian as a “good doctor” whose advice on the economy was not being heeded by the NDA government.
Chidambaram said with this Budget, it is “pretty much not possible” to achieve a growth rate of 7.5 per cent, as forecast by the Economic Survey for next fiscal
Budget 2018: P Chidamabaram said, “All deficits have crossed the budget estimates. No measure to boost exports. Promise of Rs 5 lakh per family for secondary and tertiary healthcare a big jumla.”
Chidambaram’s comments come at a time when the CPM and the SP have signalled their aversion to have an electoral tie-up with the Congress and some like the NCP and Trinamool Congress appear uncomfortable in accepting Rahul Gandhi at the helm of the opposition front.
Chidambaram went on to argue that real job creation will be reflected by robust increase in private investment, private consumption, exports and credit demand, which is not happening yet.
Chidambaram accused the government of squandering windfall gains reaped through “massive taxation” on petrol and diesel, in “wasteful expenditure”.
The former finance minister’s comments come on the heels of Budget 2018-19 that will be presented by Finance Minister Arun Jaitley on February 1.
Terming the searches targeting his son a “comedy of errors”, Chidambaram said the officials who searched his premises were embarrassed and apologetic as they could not find anything
“I belong to the Opposition party. Let the government misuse the ED. I shall neither bend nor break and I shall continue to speak and write,” said P Chidambaram.
P Chidambaram’s remarks came hours after the agency, which is investigation Karti, raided properties in Delhi and Chennai in connection with the INX Media case.