TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Karnataka Powerplay Spills Over To Delhi With A 'Babu vs Babu' Clash

    Karnataka Turf War Erupts in Delhi: CM vs DCM Aides Involved in Ugly Clash

    “Ireland Isn’t Safe”: Indian National Issues Warning on Safety After Mob Attack in Dublin

    “Ireland Isn’t Safe”: Indian National Issues Warning on Safety After Mob Attack in Dublin

    Kanhaiya Lal’s Son Questions Delays in Justice

    Udaipur Files Gets SC Go-Ahead, Kanhaiya Lal’s Son Asks: Where’s Justice for My Father?

    Indira Jaising's Demand to Lower Consent Age Draws BJP Flak, Govt Concern

    BJP Hits Out at Indira Jaising’s Plea to Lower Age of Consent; Centre Fears It May Fuel Trafficking

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    India Bans 25 OTT Platforms

    India Bans 25 OTT Platforms Including ULLU, ALTT & Desiflix for Obscene Content

    Union Commerce Minister Piyush Goyal and UK Trade Secretary Jonathan Reynolds formally signed the Free Trade Agreement

    India, UK Sign Historic FTA; Modi Sends Stern Message on Terror, Corruption, and Democracy Abuse

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    How to Choose the Best Bank to Open a Savings Account in 2025

    How to Choose the Best Bank to Open a Savings Account in 2025

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    ‘Rudra’ Brigades Announced: Army Chief Unveils New All-Arms Force on Kargil Vijay Diwas

    ‘Rudra’ Brigades Announced: Army Chief Unveils New All-Arms Force on Kargil Vijay Diwas

    From 1999 to Operation Sindoor: Kargil Vijay Diwas Marks India’s Unyielding Defence Legacy

    From 1999 to Operation Sindoor: Kargil Vijay Diwas Marks India’s Unyielding Defence Legacy

    India Cautions Citizens in Cambodia Amid Tensions Along Thai Border

    India Cautions its Citizens in Cambodia Amid Tensions Along Thai Border

    “Operation Sindoor Ongoing, Military Must Maintain High Readiness”: CDS General Anil Chauhan

    “Operation Sindoor Ongoing, Military Must Maintain High Readiness”: CDS General Anil Chauhan

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    China’s Failed Gamble in the Maldives: A Broader Pattern in South Asia

    China’s Failed Gamble in the Maldives: A Broader Pattern in South Asia

    Pakistan Backs Off: Islamabad Caves In on TRF After U.S. Terror Tag

    Pakistan Backs Off: Islamabad Caves In on TRF After U.S. Terror Tag

    From ‘India Out’ to Red Carpet Welcome: The Turnaround

    Modi-Muizzu Meet Yields Breakthrough Pacts, From ‘India Out’ to Red Carpet Welcome: The Turnaround

    Bail Rejected by Chattogram Sessions Court for Chinmoy Krishna Das

    Chinmoy Krishna Das Denied Bail Again Amid Growing Persecution of Hindus in Bangladesh

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    NCERT Textbook Reveals Mughal Religious Intolerance

    Ruthless Babur, Violent Akbar, Destructive Aurangzeb: NCERT Textbook Reveals Mughal Religious Intolerance

    India Built Gardens Long Before Babur Dreamt of Charbagh

    Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    India Cautions Citizens in Cambodia Amid Tensions Along Thai Border

    India Cautions its Citizens in Cambodia Amid Tensions Along Thai Border

    India Becomes First Country to Digitally Preserve Traditional Medicine Using Artificial Intelligence

    India Becomes First Country to Digitally Preserve Traditional Medicine Using Artificial Intelligence

    Highest RTP Casino Games to Get Better Wins

    Highest RTP Casino Games to Get Better Wins

    How to Use Eyebrow Tinting Kits Like a Salon Expert

    How to Use Eyebrow Tinting Kits Like a Salon Expert

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Karnataka Powerplay Spills Over To Delhi With A 'Babu vs Babu' Clash

    Karnataka Turf War Erupts in Delhi: CM vs DCM Aides Involved in Ugly Clash

    “Ireland Isn’t Safe”: Indian National Issues Warning on Safety After Mob Attack in Dublin

    “Ireland Isn’t Safe”: Indian National Issues Warning on Safety After Mob Attack in Dublin

    Kanhaiya Lal’s Son Questions Delays in Justice

    Udaipur Files Gets SC Go-Ahead, Kanhaiya Lal’s Son Asks: Where’s Justice for My Father?

    Indira Jaising's Demand to Lower Consent Age Draws BJP Flak, Govt Concern

    BJP Hits Out at Indira Jaising’s Plea to Lower Age of Consent; Centre Fears It May Fuel Trafficking

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    India Bans 25 OTT Platforms

    India Bans 25 OTT Platforms Including ULLU, ALTT & Desiflix for Obscene Content

    Union Commerce Minister Piyush Goyal and UK Trade Secretary Jonathan Reynolds formally signed the Free Trade Agreement

    India, UK Sign Historic FTA; Modi Sends Stern Message on Terror, Corruption, and Democracy Abuse

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    How to Choose the Best Bank to Open a Savings Account in 2025

    How to Choose the Best Bank to Open a Savings Account in 2025

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    ‘Rudra’ Brigades Announced: Army Chief Unveils New All-Arms Force on Kargil Vijay Diwas

    ‘Rudra’ Brigades Announced: Army Chief Unveils New All-Arms Force on Kargil Vijay Diwas

    From 1999 to Operation Sindoor: Kargil Vijay Diwas Marks India’s Unyielding Defence Legacy

    From 1999 to Operation Sindoor: Kargil Vijay Diwas Marks India’s Unyielding Defence Legacy

    India Cautions Citizens in Cambodia Amid Tensions Along Thai Border

    India Cautions its Citizens in Cambodia Amid Tensions Along Thai Border

    “Operation Sindoor Ongoing, Military Must Maintain High Readiness”: CDS General Anil Chauhan

    “Operation Sindoor Ongoing, Military Must Maintain High Readiness”: CDS General Anil Chauhan

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    China’s Failed Gamble in the Maldives: A Broader Pattern in South Asia

    China’s Failed Gamble in the Maldives: A Broader Pattern in South Asia

    Pakistan Backs Off: Islamabad Caves In on TRF After U.S. Terror Tag

    Pakistan Backs Off: Islamabad Caves In on TRF After U.S. Terror Tag

    From ‘India Out’ to Red Carpet Welcome: The Turnaround

    Modi-Muizzu Meet Yields Breakthrough Pacts, From ‘India Out’ to Red Carpet Welcome: The Turnaround

    Bail Rejected by Chattogram Sessions Court for Chinmoy Krishna Das

    Chinmoy Krishna Das Denied Bail Again Amid Growing Persecution of Hindus in Bangladesh

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    NCERT Textbook Reveals Mughal Religious Intolerance

    Ruthless Babur, Violent Akbar, Destructive Aurangzeb: NCERT Textbook Reveals Mughal Religious Intolerance

    India Built Gardens Long Before Babur Dreamt of Charbagh

    Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    India Cautions Citizens in Cambodia Amid Tensions Along Thai Border

    India Cautions its Citizens in Cambodia Amid Tensions Along Thai Border

    India Becomes First Country to Digitally Preserve Traditional Medicine Using Artificial Intelligence

    India Becomes First Country to Digitally Preserve Traditional Medicine Using Artificial Intelligence

    Highest RTP Casino Games to Get Better Wins

    Highest RTP Casino Games to Get Better Wins

    How to Use Eyebrow Tinting Kits Like a Salon Expert

    How to Use Eyebrow Tinting Kits Like a Salon Expert

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

A Late but a Befitting, Unerring and Pointed Rebuttal of Yashwant Sinha’s Rants

Kannan by Kannan
28 September 2017
in Opinions
Yashwant Sinha Jaitley Modi
Share on FacebookShare on X

Ever wondered why Bollywood couple, residents of some obscure village in India sing and dance in the streets of London and New York along with some “gori” girls swaying wildly in the background? I too wondered but never quite figured it why. Somethings are just to be seen, but never meant to be understood.

The latest outburst of Yashwant Sinha on the current situation of Indian Economy is also similar to skimpily Clad “desi” couple shaking a leg in Mediterranean beach. It is not the first time Yashwant Sinha spoke against the way current union government functions. Ever since he was left out from the ‘core team’ he vented his frustration time and again. Perhaps more than an average salaried employee working in private sector, who sulks for one month immediately after annual appraisals are announced.

RelatedPosts

Grab your popcorns as Yashwant Sinha locks horns with Nitish Kumar

Yashwant Sinha has lost the elections, and the opposition has made it public

Scam 2022: The Yashwant Sinha story, and how TMC made a grand fool of him

Load More

It is not that all the badmouthing he laboriously expressed in his column was wrong. Several farmers received cheques for compensation of their loan waiver were for some ridiculous amounts ranging few paise to few rupees. Though this has not happened for the first time, it is expected that a government that talks of digitisation would know how to establish the minimum amount of any compensation. It also shows how our government employees do not apply their minds to the task they are responsible. It is really a cruel joke to award a cheque of such ridiculously low amounts to already distressed farmers, as the cost of cheque preparation itself would be more than the amount mentioned in the cheque. 

But, apart from this one sentence wherein Yashwant Sinha flayed the government, the rest of his column reeks of contempt at the leaders in the government only because he could not make it there. It lack the most basic thing – facts.

He indirectly questioned why Arun Jaitley was made the most critical minister in the present establishment, despite his losing elections. If only Yashwant Sinha refrained from opening his column by criticising this particular decision, he could have concentrated much more on the core topic of his subject. Rather, with only accusations, his column turned into a compilation of tweets by Digvijay Singh. As he conceded that it was not the ‘capability’ of Arun Jaitley but his being overloaded with many ministries the reason behind the economy falling, He made it sound like a request to PM Modi to entrust Mr Sinha with one or the other ministries. 

Well, what should a person like Yashwant Sinha who has been there, seen it all, have written in his column? He should have picked up an issue and suggested how it should have been dealt with; or how he would have dealt with such a situation. When anyone in India talks of job losses, I wonder from where they get these figures. Because it was the same set of people who claim that 80% of Indian economy is in informal sector. Employments in agriculture sector are always seasonal. It was for this precise reason why MNREGA was brought. And, it was the very set of the people who wanted Indian Economy to remain in informal sector wherein non-taxpayers enjoy benefits at the cost of taxpayers.

Then, the question of private investment. It is true private investment is more during Congress regimes and public spending is more during BJP ruling period. It was only during Vajpayee’s era when public spending on infrastructure was more, which was virtually nil when the learned economist ruled. Despite the criticism of Modi by Rahul Gandhi favouring Corporates, it was only during Congress rule most of the NPAs were created burdening the banks. 

Moreover, the reason for the slump in the private investment is an open secret. With the ruling to auction coal, Supreme Court opened doors to market driven economy. And, who was responsible for allocating coal mines to their cronies? It is for Rahul Gandhi and Chidambaram and Manmohan Singh to answer this question. With the coal prices and so the power cost rising steep, the input cost of each and every establishment has risen effectively preventing the growth. Well, now we talk of the economic growth when the growth was reported higher during Congress time. Were there any new manufacturing units established? Hardly any. It was only power plants owned by those with links to Congress establishment. Why today Tata Power has offered 51% controlling stake in its power plant for ₹1/-? When the Supreme Court was burdened with investigating more than two hundred coal allocations, the overburdened judiciary took the easy way out – cancel allocations & enforce auctioning. The result is the genuine industrialists did suffer. 

Even today, all Modi & his cabinet can do is to provide a transmission line to villages and then to houses. Can they supply electricity to the poor at affordable cost? They cannot, unless the government resorts to subsidising electricity. 

The GDP growth percentages remain only statistics as long as the growth is not inclusive. And, were there any plans to have inclusive growth earlier? No. The first step towards inclusiveness was creating zero balance accounts to the poor. Even Yashwant Sinha criticised demonetisation followed by GST. But, he fails to provide an alternative to demonetisation that achieved more than a few things. 

Demonetisation has brought large cash that was out of banking system into banking system forcing the banks to reduce loan rates that even many ‘inspirations’ by Rajan could not. Now, will Chidambaram and Pranab Mukherjee explain how this much cash had gone out of banking system and became BLACK? Oh! One is retired and the other is trying to blame Modi. 

Now, if the unaccounted money deposited in banks is investigated, it is seen as an intimidating.

Demonetisation reduced the growth of real estate making homes affordable, after a long gap. Now, consider a flat costing ₹1 Lac in 2004 being sold at ₹20 Lacs in 2016 but priced at ₹10 Lacs in 2017. The growth that Chidambaram and Yashwant Sinha projected is this inflated price of the flat that still houses same number of persons it used to house in 2004. 

Whether it is the prices of pulses or onions, we have seen these peaks even six years ago. In fact, current NDA government managed prices of food items better than UPA, where in the famous agriculture minister Sharad Pawar manipulated everything that he can and I know he will take it as a compliment to his manipulative abilities. 

The only black point in Modi’s policy was keeping fuel prices under check irrespective of daily revisions. Though Modi could successfully renegotiate and reduce import burden on the government, he did not pass on the benefit but accumulated cash reserves. Considering the accumulated cash reserves, Modi and Jaitley can part with a part of it by revisiting the duties on petrol/diesel.

Still, I feel Modi & Jaitley are waiting to see how much revenue would be generated through GST and what would be the centre’s share of it before deciding to include petrol/diesel in GST. If the overall taxes collected in the current fiscal are close to last year’s revenue, in all probability, GST may be extended to petrol and diesel too. 

Coming back to Yashwant Sinha and his ilk, if the job losses are really so drastic, there would have been an uprising by the poor. To be frank, the average Indian is more concerned with his salary/income and not on GDP figures. Like those who gamble at Stock Exchange are concerned about the sentiment factor instead of actual performance, the political elite is the only set of people who are crying about lost jobs. Maybe they were crying about the loss of their own jobs.

Tags: Yashwant Sinha
Share1117TweetSend
Previous Post

Dawood Ibrahim will either be caught alive or Killed before 2019

Next Post

Did Narendra Modi kill the Indian Economy?

Related Posts

A Response to Dr. Ruchika Sharma’s Reading of History
Opinions

On Truth and Taxes: A Response to Dr. Ruchika Sharma’s Reading of History

23 July 2025

In her recent piece in The Indian Express, historian Ruchika Sharma takes aim at the revised NCERT Class VIII...

How Manusmriti Differs from the Epics
Opinions

How Manusmriti Differs from the Epics

17 July 2025

Ancient Indian texts are among humanity’s richest intellectual and moral legacies. From the Vedas and Upanishads to the Mahabharata,...

Western Media’s Civilizational Insecurity Against India
Opinions

Western Media’s Civilizational Insecurity Against India Masked as Journalism

16 July 2025

Western media's relentless bias against India stems from deep-rooted civilizational jealousy and colonial guilt. Unable to accept a rising,...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

Will India Buy F-35s from US or Build Su-57s with Russia? IAF’s Big Push Explained

Will India Buy F-35s from US or Build Su-57s with Russia? IAF’s Big Push Explained

00:08:32

PM Modi’s Blueprint for Tamil Nadu Begins at Rajendra Chola’s Capital Gangaikonda Cholapuram

00:07:57

One Woman. Two Brothers. Jodidaran- A Living Example of Polyandry in Himachal's Hatti Tribe.

00:05:32

Lashkar-e-Taiba on the Run from Muridke: Is Bahawalpur Becoming Pakistan’s New Terror Capital?

00:07:26

Britain’s Million-Dollar Bird Finally Takes Off!

00:06:43
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap
MASHABLE IS A GLOBAL, MULTI-PLATFORM MEDIA AND ENTERTAINMENT COMPANY. FOR MORE QUERIES AND NEWS, CONTACT US AT info@mashablepartners.com


©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited