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This is an archive article published on August 30, 2013

Tata statement indictment of UPA’s bad performance,says Majithia

Punjab Revenue Minister Bikram Singh Majithia on Thursday claimed the clear indictment of the Congress-led UPA government by former Tata head Ratan Tata for failing to control the slide in the value of the Rupee was not only the voice of India’s business houses but also a reflection on the policies that had led the country into a financial crisis

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Tata statement indictment of UPA’s bad performance,says Majithia
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Punjab Revenue Minister Bikram Singh Majithia on Thursday claimed the clear indictment of the Congress-led UPA government by former Tata head Ratan Tata for failing to control the slide in the value of the Rupee was not only the voice of India’s business houses but also a reflection on the policies that had led the country into a financial crisis.

“Ratan Tata is known for his plainspeak,” Bajwa said in a statement. “If he says the UPA government is pulling in different directions and that his aspirations from Prime Minister Manmohan Singh have not been realised,the country is bound to sit up and notice the development,” he added.

Claiming that this was not the first time that top business houses had reacted in such a manner,Majithia said: “Earlier,leading industrialist Rahul Bajaj had called for bringing an end to the volatility in currency but to no avail…”

The minister also took on Punjab Congress leaders Partap Singh Bajwa and Manish Tewari who he said were trying to create mischief by talking about Punjab’s financial situation at a time when the markets were in the grip of mayhem due to the mismanagement of the UPA. “They should be man enough to admit that inaction,uncertainty in governance,lack of clearances for key projects,rising prices and corruption are responsible for today’s state of affairs,” he added.

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