Advertisement

S & P REPORT alt39NOT GOSPEL TRUTHalt39: CONG

03:11 AM Jun 02, 2019 |

New Delhi The Congress on Tuesday dismissed as ” not gospel truth” the Standard and Poors report which said roadblocks for reforms in India are on account of division of roles between party President Sonia Gandhi and alt39 unelectedalt39 Prime Mi

nister Manmohan Singh, reports PTI. ” The report betrays very poor appreciation of Indias democratic system and governments functioning. The same report points out higher growth for the country in 2007. Even in that period, Sonia Gandhi was UPA Chairperson and Manmohan Singh was Prime Minister. If at all there was a disconnect, why was it not affecting the growth rate then? Standard and Poors report is only rating agency report and not the gospel truth nor a casting stone,” party spokesperson Manish Tewari said.

Standard and Poors, which had lowered Indias rating outlook to alt39 negativealt39 from alt39 stablealt39 in April, said Congress is divided on economic policies and there is substantial opposition within the party to any serious liberalisation of the economy.

Advertisement
Advertisement

It also said division of roles between ” a political powerful” party President and an ” appointed” Prime Minister ” has weakened the framework for making policy” of India.

Advertisement

Tewari, however, dismissed the criticism saying some people are in the habit of raising ghosts and slaying them. ” To extrapolate that there is a disconnect is completely erroneous and betrays complete lack of awareness about Indias political system and governance.

If there was such a disconnect, why the countrys economy grew so fast earlier?” he said in reply to a volley of questions on the issue.

The report also said, ” the paramount political power rests with the leader of Congress party, Sonia Gandhi, who holds no cabinet position while the government is led by an unelected Prime Minister Manmohan Singh who lacks a political base of his own” and that he ” often appears to have limited ability to influence his cabinet colleagues and proceed with the liberalisation policy he favours…” QUOTE, UNQUOTE L et us not get rattled by these rating outlook and the threats.

The Indian economy has an inherent strength and we never had any record of default in any of our international obligations’RAJKUMAR DHOOT / Assocham President O f course, they have studied from a different angle and from their point of view they have expressed their apprehensions. We take note of it ‘PRANAB MUKHERJEE Finance Minister H ow can they pass reflection on a political party and political leadership? S& P should realise its mistake and rectify it’M VEERAPPA MOILY Corporate Affairs Minister

( To view our epaper please Tap here . For all the latest News, Mumbai, Entertainment, Cricket, Business and Featured News updates, visit Free Press Journal. Also, follow us on Twitter and Instagram and do like our Facebook page for continuous updates on the go)

(To view our epaper please Read Now. For all the latest News, Mumbai, Entertainment, Cricket, Business and Featured News updates, visit Free Press Journal. Also, follow us on Twitter and Instagram and do like our Facebook page for continuous updates on the go)

Advertisement

Trending :