“The BJP has projected a person larger than the party. They would realise their mistake. If not now,in the near future. You cannot project a person who is larger than the party in a parliamentary democracy,” he told a television news channel.
“This is not a presidential form of government. It appears to me that all the BJP leaders have reconciled to the fact that country is going to elect the president and all of them will be Secretary to the President. We don’t have that form of government….”
Chidambaram said Modi is propagating the ideology of RSS,which in his opinion was more dangerous than that of BJP.
“The RSS is fully behind this projection. So what are being propagated by Modi today,this not BJP’s ideology,but RSS’s ideology…We consider RSS ideology as a dangerous ideology. It is worse than the BJP ideology,” the Finance Minister said.
While BJP is forced to moderate its policies because of pressure of electoral politics,RSS does not enter the election fray and is not accountable to anyone,he said.
“RSS is a quasi secret organisation. So RSS ideology is being projected by the chosen one — Modi,” he said.
Chidambaram mocked at Modi’s howlers in the recent times,saying in pursuit of power the Gujarat Chief Minister says whatever comes to his mind.
“Look at the howlers he has said. Look at the kind of things he has said. Starting with his famous statement that he rescued 15,000 Gujaratis in Uttarakhand,down to the last statement that Pandit Jawharlal Nehru did not attend Sardar Patel’s funeral. That Chandragupta belonged to the Gupta dynasty and Alexander crossed the Ganga,” he said.
The Finance Minister hoped the debate will turn from being personality driven to one between the Congress and the BJP.
Chidambaram said capital inflows are helping the economy. In the past 7-8 weeks,India added USD 9 billion to its foreign exchange reserves.
On the rupee,he said the domestic currency has traded between 61 and 62 to a dollar for several weeks now.
“We think that with more money coming in,the rupee should even go below 61…between 60 and 61 — that is a good sign,” the Finance Minister said.
The rupee ended at 61.62 against the dollar today,up 12 paise or 0.19 per cent. It touched an all-time low of 68.85 on August 28.
Terming inflation as a “problem,” Chidambaram said food items are driving price rises.
“What is driving inflation,some part is driven by grains,mostly by fruits and vegetables,milk,eggs. Food items are driving inflation. Onion on the top of list,over 300 per cent inflation,” he said.
He said there was very little that the central government could do to deal with vegetable,fruits,traders,wholesalers and retailers.
“State governments can do more. If I were the chief minister of a state,I know exactly how to use the Essential Commodities Act and deal firmly with those who hoarded onions,” he added.
Referring to gold,the minister said the steps taken to curb imports are correct and in the future,”people looking back will say this is one of the best decisions that we took in order to contain the CAD.”
He said the government will contain the fiscal deficit below the budgeted level of 4.8 per cent of GDP.
On the payment crisis at the National Spot Exchange (NSEL),Chidambaram said it will not spill over to other exchanges run by Financial Technologies.
The MCX Stock Exchange and the Multi Commodity Exchange of India (MCX) operate under regulators Sebi and the Forward Markets Commission,respectively,and could be supervised easily,he said.
NSEL is a company and was not regulated when it started business,he added.