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10 years of UPA rule saw best decadal growth, claims Chidambaram

Congress leader P Chidambaram today claimed that the participants of a business meet have opined that the10 years of the UPA rule saw the best decadal growth, and the Gross

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Congress leader P Chidambaram today claimed that the participants of a business meet have opined that the10 years of the UPA rule saw the best decadal growth, and the Gross

Domestic Product in current prices increased four times in rupee terms.

Chidambaram, who served as the finance and home minister in the UPA government, wrote on Twitter, "For participants in the Global Business Summit: best decadal growth was under the UPA government between 2004 and 2014." "In 10 years, the GDP in current prices increased THREE times in dollar terms," he tweeted.

The summit was organised by The Economic Times and was attended by Prime Minister Narendra Modi yesterday.
Chidambaram, however, did not elaborate who all praised the UPA government led by Manmohan Singh. 

Meanwhile, demanding a thorough probe by the RBI into the alleged Rs 11,400-crore PNB fraud, the Congress today said the prime minister should assure the nation that accountability of the finance ministry, the Reserve Bank of India and the management of defaulting banks would be fixed within 60 days.

Senior Congress leader and former Union Minister Kapil Sibal sought to know why people like Nirav Modi, who were indulging in banking scam, were "allowed to escape the country".

"Country has faced a loss of around Rs 21,000 crore as of now and other banking frauds will also come out in a few days. Another Rs 390 crore OBC (Oriental Bank of Commerce) scam has also emerged.

"I am surprised that despite our prime minister being the most expensive 'chawkidar' (watchman), why are all these (banking frauds) happening under his nose," Sibal told a press conference here, taking a swipe at Prime Minister Narendra Modi over his refrain during poll rallies that he would act as a watchman for the country, He said that if question is raised on banking system, it impacts the country's economy and affects investment as international trade is done through banking system.

"Why is Modiji silent? Modi yesterday said that government will bring back those people who indulged in banking scams. Leave the issue of bringing these people back to country, we want to first know why these people were allowed to flee the country," Sibal said.

 

 

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