With the debate on autonomy of institutions intensifying, the ruling BJP on Thursday said “accountability of the elected government is supreme”.
“Independence of the RBI cannot be a ground for supremacy or any institution for that matter. There are different mandates in the institutions. They have different areas to deal with. Ultimately the political parties have a larger perspective with regard to accountability with regard to economic growth of the country,” BJP spokesperson Gopal Krishna Agarwal said.
“All institutions will have to work together to achieve that goal. That’s the relationship between various departments and institutions. Our party respects the independence and autonomy of the institutions,” he said.
However, adding that accountability of the elected government is supreme, he said, “All the institutions should integrate the objective of the overall governance.”
Last week, delivering the Atal Bihari Vajpayee Memorial Lecture organised by the India Foundation, Finance Minister Arun Jaitley underlined the primacy of the elected government and added that “the nation that is India is higher than any institution or government.”
His remarks came in the wake of the Supreme Court intervening in the CBI standoff, reining in the government’s appointee, and RBI Deputy Governor Viral Acharya warning that undermining the central bank’s autonomy could invite market wrath and trigger economic crisis.
The BJP, meanwhile, used India’s jump in the “Ease of Doing Business” ranking list to blast the previous Congress regime and hail Prime Minister Narendra Modi for “bringing in achche din in the country’s economy”.
At a press conference at the BJP headquarters, party spokesperson Sambit Patra said, “We thank Prime Minister Narendra Modi for the reform, perform, transform agenda that he has brought into the policy of India…through this jump in Ease of Doing Business rankings, achche din have arrived in the country’s economy.”
On Wednesday, India climbed 23 spots in the World Bank’s ease of doing business index to claim the 77th position. India has jumped 65 positions from 142 in 2014 to 77 now, Patra said, adding that India had travelled from the “fragile five” emerging markets to a “fabulous few” in a short span of time.
He alleged that the Congress tenure was marked by “ease of doing corruption”, while the country is witnessing an era of ease of doing business under Modi’s leadership. He said India’s Ease of Doing Business ranking plummeted under “economist” prime minister Manmohan Singh.
Agarwal said the jump in Ease of Doing Business rankings was possible because of the “bold decisions” of the Modi government. When the Prime Minister set the goal to reach the 50th position in 2014, everyone thought it was not possible, but now it looks achievable, he said.