The highly hyped Press conference of Prime minister Manmohan Singh today, was as disastrous as his comment that people will vote for Rahul Gandhi as PM, saying that Narendra Modi will be disaster. It seems that the non-talking PM. Singh was entrusted by the controlling high command to make pitch for Rahul in 2014,so instead of talking about the working highlights of his activities in UPA 2, he indulged in mud slugging on Modi.
Point to point deliberation of his speech, has taken out all, whatever is the left out positivity remained of, the highly regarded economist cum PM. Manmohan Singh , when he indulged himself in cheap politics of election, rather than giving any proposal of hope for the dooming economy or any ideas on many other critical matters of national concern. This is detailed as follows :
Prime minister Manmohan Singh said today that he would make way for Congress vice-president Rahul Gandhi, that means effectively ruling himself out as the PM candidate if the UPA returns to power, while predicting it will be disastrous for the country to have Narendra Modi as PM. Referring to the 2002 riot, he criticised BJP’s PM candidate, has not enough to stop the riots.
Asked whether he believes that Modi will become prime minister on the back of a huge wave of support for him, the prime minister said, "I sincerely believe that what Mr Narendra Modi is saying is not going to materialise " and added,"I have full confidence that the next PM will be from the UPA coalition. It will be disastrous for the country to have Narendra Modi as prime minister".
INDIA HONEST wonders , what Manmohan singh thinks that what is the status of India in general and Muzffernagar in particular ? Is the situation not already disastrous ? What more is left in India to be further disastrous, bigger plight of people than this rule of Congress ruled UPA 2 ?
Prime minister Manmohan Singh conceded UPA2's failure on economic front spelling out three points on the economy which he admitted as the cause of concern.
1)We have not been as successful in generating jobs. We are working hard to correct that. We need to promote small and medium enterprises which can be a major source of good employment generation.
2)We have not been as successful in controlling inflation as we would have liked to. Food inflation pushed inflation, but at the same time we should remember that those who produce food grains gain from higher prices. It has put more money in the hands of weaker sections. We need to improve marketing and logistics and in that respect much lies in the domain of states. We also believe food security act will shield common man from the rising food prices. Also, incomes have been increasing faster than inflation and per capita consumption has also increased in rural areas.
3)We are deeply committed to combating corruption and through various legislation we have made governance more answerable. You (the media persons) have been routinely using RTI to access government documents. There has been much public concern on high profile scams such as 2G allocation, coal block allocation, but we have taken steps so that these issues do not arise in future.
But inspite of all above the prime minister rejected the charge that the myriad corruption scandals have tarred his image as he asserted that he will come out unscathed when the history is written about his government, and even he boasted that the Indian economy witnessed many ups and downs during the past decade, but at the same time it witnessed for the first time in its recorded history an accelerated growth rate of 9%.
INDIA HONEST cannot but feel sorry for the poor knowledge rather adamant utterings of PM. Singh, by not accepting the trouth of the precarious condition of Indian economy and resultant distress on people as on date. As there was no respite from sluggish data pouring on this yearalso ,while the latest year end figure showed that the health of the economy still remained fragile.
The fiscal deficit During April-November is estimated at nearly Rs 5.1 lakh crore that is 94% of the full-year, estimate of Rs 5.42 lakh crore, and that is the real bigger danger ,for which most economists have cautioned. Chief economist at ratings agency Crisil,D K Joshi showed his worry and said, “It will be difficult to meet the target on a business as usual basis,the government will have to resort to expenditure cuts, rollover expenditure to next year and speed up divestment and finally they will have to dig into dividends from public sector units to keep the fiscal deficit within the target of 4.8% of gross domestic product,” .
IH has a view on Indian economy that the overall industrial sector had remained under stress for last couple of years, hard hit by stubborn inflation, high interest rates, high input costs and rising wage pressures.
But the most important cause of worry is that this UPA2 government has completely lost investors confidence. Fresh investments both local or foreign are not coming due to policy paralysis, inherent in this government and these investors are eagerly waiting a change of guard in the face of person as well as party.
It was not for nothing that the share market boomed on the news of marginal victory of BJP even in the few assembly elections last month, showing the mood of investors. Here the present Prime minister Manmohan Singh has shown his weakness for the dynasty candidate Rahul Gandhi, though knowing well otherwise that what is the real need of the hour for the national economy and people.