PC blames Pranab's stimulus package for UPA's 2014 rout.
(Sunday Times of India, March 8, 2015)
"My government was punished in 2014 after we spent money in 2009 as part of a stimulus package. Due to this, we had to violate fiscal consolidation norms. Inflation hit 14 percent and rupee lost its value. People rejected our government and we lost" - P. Chidamabaram, Former Finance Minister.
Both the leaders are from Congress party and the one successor-finance minister finds fault with his predecessor. Both were part of the same cabinet headed by an economist Prime Minister Dr Manmohan Singh. All the three were responsible for the collective decision taken by the cabinet. It is unfair on the part of P.C to question his predecessor, now the President of India.
Inflation in this country is beyond the policy and practice of every government which ruled this nation so far. Well, similarly losing 2014 election by the congress party is not only due to inflation as being argued by P.C. The latter himself committed a blunder by not following the recommendation of the last Central Pay Commission in reducing the staff of GOI by around one third with the result the inflation was duly caused and aggravated by such a move on the eve of Lok Sabha elections and P.C is mostly responsible.
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