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"In fact, throughout the four years of its existence, the UPA government has failed miserably on the price front and the worst sufferer is the aam aadmi in whose name the government came to power... so it is nothing but great betrayal of the aam aadmi", he said while reacting to the rising inflation rate.
The annual rate of inflation touched 6.68 for the week ended March 15, the highest level recorded in 13 months.
Sinha further said rising inflation rate has "completely exposed hollowness of the government claim that it was trying to and succeeding in controlling price rise."
The wholesale price index, he said, was at best only a partial reflection of the price rise in the economy and if it was touching almost 7 per cent, "it is a matter of deep concern because it will have its impact across the board on the entire economy."
The former finance minister also said: "Prices started rising immediately after the budget, and therefore the finance minister's claim that the budget will help control prices has also been completely exposed."
The price situation, he said, was going to get worse in the future because of high interest rates and the failure of the government to dampen inflationary expectations. "The aam aadmi is in for great deal of distress", Sinha added.
For this 9% growth the UPA has done absolutely nothing which infact is the result of few industrialists and the money coming from the NRIs.Under this Govt more money has been embezzled by corrupt power hungry politicians than what is planned/promised to the Farmer's write-offs.Millions are being wasted by sonia and Gandhi on road-shows and just shows.Whose money is that?Moreover as said by one that 9-6=3% but the fact is there is no 9% and the iflation is far above 6%.The worst with this Govt is they fail prudence and have no plan/agenda to control inflation and bring some share of socalled growth to the poor people(common man is very foolishly said which speak of 90% Indian population.Who belong to category of special man?Sonia and her clan,politicians/law-makers,bureaucrats and few privileged rich families.They have no interest or concern to know about inflation like things.All these four years UPA has spent in solidifying party interests but nothing for the Nation and the poor.
Rahul Gandhi instead of conducting road shows, should visit the common and poor people who are crying on account of soaring prices. Of course REDs are too responsible for the current price rise and for the plight of poor and labour class. Reds sell dreams to the labour and Congress/UPA sells bogus benefits through budegts. If budget was too good then why the common folks are crying over the soaring prices.Reservations everywhere will do what if the poor people, common man can't afford to buy basic necessities, have no water to drink, no place to live.
Situation is going bad to worse for common man. Government is purely indulgin in Gimmicks. The so called 60,000 Cr. relief package for Farmers proved NON starter. the 6 pay commission is proving more controversial and harmful... Congress must learn now that Party can NOT win elections using flimsy gimmicks only! Gone are the days...
FOR ONCE JASWANT SINHA IS TELLING THE TRUTH BUT NOT THE WHOLE TRUTH. INFLATION HELPS THE RICH TO BECOME MORE RICH BECAUSE THE GOVT HAS DISMANTLED PRICE CONTROL MECHANISM. 9% GDP GROWTH - LESS 6% INFLATION = 3% REAL GROWTH
Aam Aadmi 's government is causing maximum damage to Aam -admi while coushining a aam-aurat in 10 janpath!
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