Yashwant Sinha Slams Nirmala Sitharaman And Piyush Goyal, "Weird Statements"

Yashwant Sinha Slams Nirmala Sitharaman And Piyush Goyal, "Weird Statements"

New Delhi: Former BJP leader Yashwant Sinha questioned Finance Minister Nirmala Sitharaman's claim that rise of Ola and Uber affected the automobile sector, emphasising why the sales of trucks should also decline.
The former finance minister said, talking to reporters in Madhya Pradesh's Indore. "People in the government are making weird statements. These statements will not lead to betterment of economy. But they will definitely affect the government's image".

On Ms Sitharaman's statement about decline in the automobile sector, where she spoke about people using app-based cab services instead of buying car as one of the causes, Mr Sinha asked, "If companies like Ola and Uber caused a drop in passenger vehicle sales, then why there is a slowdown in sales of two-wheelers and trucks?"

Also Read: Blame Game Starts As India's Auto Sector Is In The Slow Lane

"Bihar's finance minister (Sushil Modi) said there is recession due to Sawan-Bhado (the rainy season). A Union minister (Piyush Goyal) is talking about Einstein's law of gravity," the former BJP leader said.

Mr Sinha also raised a question about Ms Sitharaman's announcement to organize a mega-shopping festival in India on the lines of Dubai Shopping Festival to boost exports.

"The economies of UAE (United Arab Emirates) and India are different. India's economy will progress only when farmers in areas like Mandsaur in Madhya Pradesh progress," he said.

"We should have grown at a rate of at least eight percent. But in the first quarter of the financial year, the GDP growth has come down to five percent," he said.

The missing three percent growth meant loss of Rs. 6 lakh crore in just one quarter, he claimed.

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