"All-round mismanagement" by Modi government led to economy slowdown: Manmohan Singh
New Delhi, Sep 1: Former Prime Minister Manmohan Singh on Sunday said the state of the economy was "deeply worrying" and that "all-round mismanagement" by the Modi government has resulted in this slowdown.
In a statement, he said the last quarter GDP growth rate of 5 per cent signals that "we are in midst of a prolonged slowdown".
The Congress leader said India has the potential to grow at a much faster rate.
"India cannot afford to continue down this path. Therefore, I urge the government to put aside vendetta politics, and reach out to all sane voices and thinking minds, to steer our economy out of this man-made crisis," he said.
Singh said it is particularly distressing that the manufacturing sector's growth is tottering at 0.6 per cent.
"This makes it very clear that our economy has not yet recovered from the man-made blunders of demonetisation and a hastily implemented GST," he said.
"Investor sentiments are in doldrums. These are not the foundations for economic recovery," he added.
Our economy has not recovered from the man made blunders of demonetisation & a hastily implemented GST... I urge the govt to put aside vendetta politics & reach out to all sane voices to steer our economy out of this crisis: Former PM Dr Manmohan Singh #DrSinghOnEconomicCrisis pic.twitter.com/83cBJWHay9
— Congress (@INCIndia) September 1, 2019
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
UDF will have huge win in Kerala, NDA won't open its account: Cong leader Satheesan
Kochi (PTI): Senior Congress leader V D Satheesan on Friday expressed confidence in a huge win by the UDF, claiming it will make a clean sweep in five districts, and brushed aside speculations that the NDA will open its account in Kerala.
Satheesan, speaking to reporters here a day after the conclusion of the Assembly polls, praised the performance of the UDF leaders and workers during the election, saying it was the best ever he has seen in the last 30 years.
He said that his claims of the UDF getting over 100 seats is not a mere statement, but based on the work the front has done during the last five years to bring back all those who had left it in 2005 and as a result, there was a huge wave in its favour in the state.
The leader of opposition in the state assembly, who contested from the Paravoor constituency, further said that the Congress-led front also had a major social backing from minorities and marginalised groups in the society.
Besides that, there was an anti-incumbency feeling among the people who were disappointed with the LDF rule, he claimed and said that the UDF provided them with a hope and an alternative which no other opposition had done in the past.
"All these factors will contribute to a huge win for the UDF and it would not be surprising if we make a clean sweep in Malappuram, Wayanad, Ernakulam, Idukki and Pathanamthitta districts. That is a total of 43 seats," he said.
According to him, the polling percentage increased because the UDF got people added to the electoral list.
He also brushed aside the LDF remarks about a woman or youth CM, saying that "they can make such statements now as they know they cannot win".
"Otherwise, why did they campaign with Pinarayi Vijayan as the main factor. Why did they say a third Pinarayi rule will come?" he asked.
He also claimed that the LDF's decision to spend government money on its political campaign, by putting up hoardings and carrying out social media programmes to sway voters, has also backfired as people realised that their taxes were being wasted like that.
Asked whether the NDA will open its account, especially in areas where the UDF claimed the BJP-led front had made a deal with the LDF, Satheesan replied in the negative.
He said that as of now he does not see any chance of the NDA opening its account in the state.
