India Honest, while looking back in the history exactly of one year back, that is just before the 2014 election, finds much relevance now in the observation made then by the BJP stalwart Yashwant Sinha, the former finance minister.
Sonia Gandhi led UPA2 had made a big mess of economy in India in last five years. It was more of a sabotage created by the UPA Government in last few years,even more to hide the huge loot made through the big scams. It caused the economy shattered completely and while regular spate of investigations made the entire bureaucracy demoralised and ineffective.
The new NDA took this one year of power only to revert the past blunders and put the economy and the administration back on track.The nation has now reached a respectable status of stable and progressing economy, and now another year of hard working will hopefully give pleasant results of a 8% + results in growth of economy, as predicted by various national and international economists.
Chidambaram refusal to contest election is blunt admission of his role in economic debacle of India
BJP leader and former Finance Minister Yashwant Sinha war of words over P Chidambaram has cited the dismal state of the economy as the reason for not contesting this year's general election by Chidambaram.
Yashwant Sinha was justified in blaming,"Not contesting polls is Chidambaram's no-trust against himself". But the bigger embarrassment lies with P Chidambaram due to his inability in offering a satisfactory reply to latest salvo list of 18 questions posted to him by Yashwant Sinha.
Mr Chidambaram had derided as "puerile" , this list of 18 questions posted to him by the BJP leader and described him as a "distant memory', and tried in vain to defend his decision not to contest this year's election by saying, "I have categorically denied I am retiring from politics. I am not contesting elections because I want to do other things in life." ( INDIA HONEST regrets , why this thought did not stuck Chidambarm four years back.)
The Finance Minister took umbrage at Mr Sinha calling him a "spoiler" for the economy and had unleashed an "economic fact sheet" to defend his government's economic policies and switching fast gear to changing the topic by launching a fierce attack on the BJP's prime ministerial candidate Narendra Modi.
Chidambaram said,"Modi has deep character flaws",one most repeated gimmick used by his party by alleging that the BJP candidate is a divisive leader who fuels communal tension.This of course is a nasty tactics by a finance minster to avoid answering economic debacle of UPA2.
Chidambaram lost his wit merged with his cool on Modi, who as a Chief Minister of Gujarat, is often credited with overseeing twelve years of Gujarat's fastest growth, when he said, "His brand of capitalism is crony capitalism," .
INDIA HONEST hoped , it would have been better if the Harvard-trained finance minister Chidambaram along with Congress' economist Prime Minister, had sensed the consequence of the economic malaise at least four years earlier and opted to resign then, India would have been saved from this worst economic peril , not seen in last three decades.