Chidambaram slams government over 'economic mismanagement'
New Delhi, July 14 : Senior Congress leader P. Chidambaram on Friday slammed the government over its poor management of economy, saying inflation is at five-month high, industrial growth at five-month low and the trade deficit has soared.
Chidambaram, a former Finance Minister, said in tweets that exports were lower in June compared to May and the imports higher. He said despite the higher trade deficit, the government would continue to say that all is well.
"After 5-month-high inflation and 7-month-low industrial growth comes the news of soaring trade deficit."
"June exports lower than May. June imports higher than May. June trade deficit higher by $2 billion. But the government will say all is well," he said.
Chidambaram said the Congress leaders had estimated that demonetisation would lead to a cut in growth rate by 1.5 per cent and the outgoing Chief Economic Advisor Arvind Subramanian has said that purging high currency notes in November 2016 led to a definite slowing down of economy.
The official data showed on Thursday that retail inflation in India touched the 5 per cent-mark in June, compared to 4.87 per cent in May, even as industrial output in May grew at 3.2 per cent compared to the same month last year but declined as compared to rise of 4.9 per cent in April mainly on account of a decline in manufacturing.
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U-19 Asia Cup: Suryavanshi disappoints as India lose to Pakistan by 43 runs
Dubai, Nov 30: Teen prodigy Vaibhav Suryavanshi's struggles against seam bowling was apparent during his brief stay as India U-19 comprising IPL contract owners struggled badly during their 43-run defeat to Pakistan in the Youth Asia Cup here on Saturday.
After muscular left-hander Shahzaib Khan thrashed Indian bowlers to submission with 10 sixes in his 159 off 147 balls, Indians were never in sight of victory target of 282.
They eventually got out for 238 in 47.1 overs but rising youngsters like Suryavanshi (1), Ayush Mhatre (20), C Andre Siddarth (15) and left-arm spinner Hardik Raj (0/47 in 6 overs) won't be amused with their performance.
However it must be mentioned that Mhatre with his touch and range looked a cut above the rest in the Indian team as he got out for 20 which had five boundaries.
The bulky left-hander Suryavanshi, who has had a very poor Ranji season, just got a solitary run as tall medium pacers Ali Raza and Abdul Subhan troubled him a lot.
Lot is expected of the Rajasthan Royals' Rs 1.10-crore signing but at 13 year and 8 months, he needs a lot of work to be even consistent at U-19 international level.
Subhan squared up Mhatre with a delivery that rose from length and moved a shade to take his outside edge, while Suryavanshi' feet didn't move when Raza slipped an angular fuller ball that he edged to the keeper.
The biggest disappointment turned out to be skipper Mohammed Amman, who dragged his way to 16 of 43 balls and his innings was one of the reasons that India U-19 couldn't really get the momentum once Mhatre was gone.
Nikhil Kumar's 67 was the only saving grace.
In the bowling department, India depended on their two spinners -- leg-spinner Mohammed Ennan (0/34 in 2 overs) and Raj, and both were taken to task by Shahzaib.
Especially Ennan, who either bowled half-trackers or over-pitched deliveries, all of which were dispatched into the stands.
In fact, Mhatre (2/30 in 7 overs) had to be brought in to cover for him and promptly got a couple of wickets, but Shahzaib had done enough damage and 280-plus was a winning total at the U-19 level.
Brief Scores
Pakistan U-19: 281/7; 50 overs (Shahzaib Khan 159; Samarth Nagraj 3/45, Ayush Mhatre 2/30)
India 238; 47.1 overs (Nikhil Kumar 67, Ayush Mhatre 20, C Andre Siddarth 15, Vaibhav Suryavanshi 1).
