He also made it clear that the government would not abdicate its responsibility in managing the economy saying it would be in office till the next elections.

"It is all entirely speculative. It is a creation of the media. I don't think corporates have any role in either saving or defeating the government. I think it is an exaggerated notion of corporate power," he said in an interview.

He was replying to queries on media reports about the influence of the corporates and their money power in the ensuing vote of confidence in the Lok Sabha on July 22.

On the chances of government's survival, he said, "My colleagues in the party, especially party officials, are extremely confident that we will win the confidence vote comfortably."

He also deplored CPI leader A B Bardhan's allegation that UPA was buying MPs for Rs 25 crore each for survival and was using the corporates in this terming it as ‘outrageous’.

"We have lost the art of moderation in politics. Every accusation and every statement is either exaggerated or extreme. The allegation of Rs 25 crore to win over an MP is outrageous.