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UPA left a ‘terrible legacy’ behind, PM Modi doesn’t want to do that: Arun Jaitley

He took on the previous UPA government, saying that between 2004-14, it did not want to take any decision and therefore left a "terrible legacy" behind.

By: PTI | New Delhi | Updated: November 25, 2016 10:15 pm
Demonetisation, Arun Jaitley, Jaitley Demonetisation, Jaitley modi, Jaitley UPA, Jaitley PM Modi Union Finance Minister Arun Jaitley. PTI Photo

Rejecting former prime minister Manmohan Singh’s criticism of demonetisation, Finance Minister Arun Jaitley today said the NDA government is trying to transform the previous regime of “loot and plunder” into a more “honest system”. “We are trying to transform India’s economy where there is a premium on honesty… We switched over from a system which promotes it (corruption, dubious political funding, bribery) into a more ethical system which the developing economies in the world has followed,” Jaitley told Times Now.

He regretted that the Congress-led UPA government did not find the 2G spectrum auction, coal auction and the CWG scam, the crony capitalism at its worst as “organised loot and plunder”. “The transformation into a more honest system is being called loot and the kind of regime that we saw between 2004-14 is being called the Indian normal. This hypothesis I completely reject,” Jaitley said.

Speaking in the Rajya Sabha yesterday, Singh had termed the implementation of demonetisation as a “monumental management failure” and a case of “organised loot and legalised plunder” and would lead to 2 per cent decline in GDP. Taking a dig at the government’s contention that demonetisation would benefit in the long run, the former prime minister recalled a famous quote by economist J M Keynes that “in the long run, we are all dead”.

Jaitley retorted by saying, “Yes, of course, we will all be dead, but when we get an opportunity to be in government, are we only to think about our own generation? The country will live on even when we are all dead. Therefore, what is the legacy for that country which we are going to leave behind?”

He took on the previous UPA government, saying that between 2004-14, it did not want to take any decision and therefore left a “terrible legacy” behind. “But the present Prime Minister doesn’t want to leave behind a legacy of ‘do-nothing’ approach or a policy paralysis. He has taken a very courageous decision in which we want to transform India and even in the long run…,” Jaitley said.

“The country will live on,” he added, wondering whether “we are going to leave behind a better country or going to leave behind a status quo…”

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  1. Albert Colaco
    Nov 26, 2016 at 5:18 pm
    Arun zJaitley and his ministerial colleagues have been reduced to head clerks in the present govt. It's almost a presidential govt. Poor Jaitley is just parroting what his master wants him to say.
    1. E
      Nov 25, 2016 at 6:55 pm
      We want to know about your deeds . We are not interested in previous government. We are not interested in anti nationals ( because no one is bigger threat then you ) . We are not interested in anything that helps you to distract from the real topic .
      1. Kanu Patel
        Nov 25, 2016 at 8:40 pm
        M M Singh is like a book worm. He had no courage to over take the party. He did not have the majority also. Being a good man and a very high qualified person, he deserves respect. But as a leader of a big country, he doesn't deserve respect. Arunji is very right that he got very bad legacy of undecisiveness and pending many vital decisions. One of them is SIT for black money.
        1. M
          Nov 25, 2016 at 6:54 pm
          Longer a regime stays in power it is bound to run out of real talents. Corruption and muscle power than come to replace the talents. Congress is an example of that evil!lt;br/gt;lt;br/gt;In order to stay in power, one therefore increasingly becomes dependent on the scam b u g s of the society because there is no lack of these forces who will do anything even for chicken feeds. lt;br/gt;lt;br/gt;People's fault was that they kept trusting these people who took the position of Ma Bap in their mental world and fall victim of their ill design, before they knew what is going on. They strengthened the base so much that noone could even come close to challenge them. Where they could not control by legitimate power by taking people into confidence, they emplo "frustration method". What this does is when in trouble and in odds with people, in order to silence them create another trouble rubbing people's nose so they give up and start believing in the "fate" handed out by this mob cornering them to believe: "nothing will happen" ! lt;br/gt;lt;br/gt;It is Modi who came to challenge them and therefore they came up with all sorts of schemes and design even trying to use terrorists to their benefit: such is the extent they had the reach of their tentacles. Everything is not over yet as their "brothers and sisters" coming to help them hoping one day sun will rise from the west again! Until these people are made beggars and made to pay through their nose, the fight is not complete yet. This time people got enough air in their lungs to run the distance they need with Modi at the helm! LICENCED Ma Bap is not required - people getting enough strength in their knees to stand up for themselves!
          1. N
            Nov 25, 2016 at 8:01 pm
            Listen to the voice of this aam aadmi and how he thinks that demonetisation has been done to save the banks from lakhs of crores of NPAs.
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