Modi government has pushed economy in dire straits: Congress
New Delhi, Aug 26 : The Congress on Sunday said that the Narendra Modi government had upturned a rising economy and left it in "dire straits" with its "ad hoc and myopic economic policies".
"Dear Arun Jaitley, Congress governments (2004-2104) delivered the highest decadal growth of 8.13 per cent at factor-cost since Independence. Under Modi government, GDP growth in 2017-18 is just 6.7 per cent, which is a four-year low. In July 2018, IMF itself lowered our growth projections," Congress Spokesman Randeep Singh Surjewala said in a series of tweets.
"Jaitley ji should know that Modi government had inherited an economy that was on the upswing. But due to BJP's ad hoc and myopic economic policies -- demonetisation, flawed implementation of GST and tax terrorism -- that momentum was lost," he added.
Surjewala's tweets came in response to a post on social media by Finance Minister Arun Jaitley who said that it was only with NDA coming to power in 2014 that the economy had undergone a transformational change.
In his post, Jaitley said that a comparison of the data released in 2014 and 2018 proved that high inflation, fiscal deficit and current account deficit, besides a standstill in the infrastructure and power sectors, as well as in allocation of natural resources, were some of the failures of the previous UPA government.
"We have come a long way. The last four years have seen a series of reforms, both legislative and otherwise, which have been carried on by the government. The system has been substantially cleaned up and made more transparent," Jaitley posted on Facebook.
However, Surjewala said that certain parameters showed a downward trend in economy and that "no amount of whitewashing" could change those facts.
"Gross Fixed Capital Formation as a percentage of GDP was 34.3 per cent in 2011-12. Even in 2013-14 it was 31.3 per cent. In the last three years, it has remained constant at 28.5 per cent and has impacted growth. No amount of white washing or blog writing can increase that," Surjewala said.
He said that the manner in which the Modi government had sought to "supress the 'back series' of GDP" and attempted to "distort" them through "spins", was now out in the open.
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ED undertakes raids in Jharkhand Ayushman Bharat 'fraud' case
Ranchi, Apr 4 (PTI): The Enforcement Directorate on Friday conducted multi-state searches, including at the premises of the private secretary of former Jharkhand health minister Banna Gupta, as part of a money laundering probe into alleged irregularities in the Centre's Ayushman Bharat scheme, official sources said.
The officials of the federal probe agency raided 21 locations in Jharkhand, Delhi and West Bengal under the provisions of the Prevention of Money Laundering Act (PMLA), the sources said.
Premises linked to Om Prakash Singh, Gupta, apart from that of "key suspects", including consultants and former executives of associated firms, were raided early morning. A security team of central paramilitary personnel accompanied the officials of the federal probe agency.
Locations of officials linked to the Jharkhand State Arogya Society (JSAS), employees and offices of Third-Party Administrators (TPAs) like MD India, Safeway, Medi Assist and their associates were also raided, they said.
There was no immediate response to the ED action by Gupta or his PS.
ED teams raided a house in Mango locality and a nursing home along NH-33 in Jamshedpur city apart from locations in Ashok Nagar and Bariyatu in state capital Ranchi.
In Kolkata, the offices of some "entry operators" or hawala dealers are being raided, the sources said.
The ED, agency sources said, suspects that "proceeds of crime" were generated through systematic "fraud" within the Ayushman Bharat scheme through "manipulation" of hospital empanelment and processing of "fake" claims facilitated by a "nexus" demanding commissions and kickbacks.
Ayushman Bharat is a flagship scheme of the Union government which aims to achieve universal health coverage for citizens.
