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I do not have the luxury of being a former finance minister: Arun Jaitley responds to Yashwant Sinha

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[vc_row][vc_column][vc_column_text]A day after senior BJP leader Yashwant Sinha slammed the Modi government’s handling of economy in a stinging article in The Indian Express, Finance Minister Arun Jaitley defended the government policies saying they are aimed at ending corruption.

Speaking at the Nehru Memorial Museum and Library, Jaitley defended the government’s decision of demonetisation and the launch of Goods and Services Tax (GST) and took a dig at his predecessor and said he does not have the luxury of being a former finance minister.

Refusing to respond to the charges made by Sinha, Jaitley said, “I must confess that I do not have the luxury as yet of being a former finance minister. Nor do I have the luxury of being a former finance minister who has turned a columnist.”

He added, “Therefore I can conveniently forget a policy paralysis, 4 billion reserves left in 1991 and I can switch over and change a narrative. Speaking of persons and then bypassing the issues is something which is very easily done.”

The minister also rejected the notion that the economy is in a downward spiral as suggested by Sinha. He mentioned the figures of tax collection to substantiate his claim of a strong economy. “Direct tax figures are 15.7% over and above last year’s figure, so this so-called slowdown visualized by some, hasn’t even impacted,” said Jaitley.

On GST, Jaitley said that the decision was taken with consensus and it was everybody’s call that a single rate should be introduced. He said that while some Congress leaders have been critical, most of the state governments have been supportive. Some teething problems were always expected, he added.

Calling fiscal prudence a difficult job, he said that there has been no reduction in the collection of direct taxes during his tenure. He said that the GST collection in the first two months has also been on expected lines and will pick up pace soon.

Speaking about slow down of growth in the private sector, Jaitley said some harsh steps were taken to control the effects of the “reckless lending” that took place during the UPA era.

On ease of doing business, Jaitley said that the government has ended rep-tapism. Earlier there was a lot of government discretion, which led to corruption. PM Modi has scrapped government discretion and left it to market forces, he said. This, he said, has made India a more attractive destination.

“Today the challenge really is during the boom period of 2003 to 2008-09, our private sector expanded when global economy slowed down. Private companies had undertaken large liabilities from bank, did not find demand. When global commodity prices went down, many of them did not find their loans serviceable.

“Then came a situation in 2012-14 when the governmet virtually gave up, there was no policy initiative, they allowed things to drift on their own. When you allow this, the figure (NPAs) mounted up. I must say that those in government, those in banking industry, those in RBI, when reckless lending took place, all looked the other way.

“Then suddenly some harsh steps were required. so debate is are all those steps taken a bit too harsh. Bankers believe the steps with regard to excessive provisioning are a bit too hard on them. therefore the private sector area itself was one area we have not grown…several areas of private sector have grown.

“Large industry is borrowing more from the bond market than the banks itself. that is the problem that needs to be addressed by us.

Talking about the criticism against demonetisation, Jaitley said it “one of the smoothest possible replacements of currency itself.” He said, “People saw riots would begin, starvation would take place. It was one of smoothest possible replacements of currency itself.”

He also said that the note ban targeted the shadow economy. “Demonetisation was to make sure that the anonymous tender which operated in market gets identified to its owner. The prime minister has a strong agenda on creating a new normal as far as countery’s shadow economy was concerned,” said Jaitley.

The minister added that the government is serious at checking the improper political funding. He added that illegtimate political funding has corrupted the society and tarnished the country’s image globally.[/vc_column_text][/vc_column][/vc_row]

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Priyanka Gandhi accompanies Robert Vadra to ED office for second day in Gurugram land probe

Robert Vadra, husband of Congress MP Priyanka Gandhi, appeared before the ED for the second day in the Gurugram land case.

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Robert Vadra Priyanka Gandhi

Congress MP Priyanka Gandhi Vadra accompanied her husband Robert Vadra to the Enforcement Directorate (ED) office on Wednesday as he appeared for questioning for the second consecutive day in connection with the Gurugram land case.

Mr Vadra, the brother-in-law of Lok Sabha Leader of Opposition Rahul Gandhi, was seen exchanging a hug with Ms Gandhi before entering the ED office. He is under scrutiny in a money laundering probe linked to a 2008 land deal in Manesar-Shikohpur area, now known as Sector 83 of Gurugram.

Focus of the probe: land deal from Congress tenure in Haryana

The investigation stems from a land transaction executed by Skylight Hospitality Pvt Ltd, a company in which Mr Vadra was formerly a director. In February 2008, Skylight purchased 3.5 acres of land from Onkareshwar Properties for ₹7.5 crore. At that time, Haryana was governed by a Congress-led administration under then Chief Minister Bhupinder Singh Hooda.

In September 2012, four years after the acquisition, Skylight sold the same land to real estate developer DLF for ₹58 crore. The deal later drew public attention after senior IAS officer Ashok Khemka, who was then heading the Land Consolidation and Land Records department in Haryana, cancelled the land mutation, citing violations of the State Consolidation Act and procedural discrepancies.

Haryana Police registered an FIR to examine the deal in 2018, further intensifying the legal scrutiny.

ED questions Vadra under PMLA

On Tuesday, Mr Vadra was questioned for nearly five hours by the ED under the Prevention of Money Laundering Act (PMLA), during which his statement was recorded. The businessman has consistently maintained that the case is part of a political vendetta and emphasized that he has cooperated fully with all investigative agencies, submitting numerous documents over the years.

Calling for a closure to what he described as a decades-old matter, Mr Vadra said cases like these should not be allowed to drag on indefinitely.

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Congress slams PM Modi, Amit Shah after ED files chargesheet against Sonia Gandhi, Rahul Gandhi

The ED’s chargesheet has accused the Congress leaders of money laundering under Sections 3 and 4 of the Prevention of Money Laundering Act.

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The Congress on Tuesday hit out at Prime Minister Narendra Modi and Union Home Minister Amit Shah after the Enforcement Directorate’s (ED) chargesheet against Sonia Gandhi, Rahul Gandhi, and others in the National Herald case.

Labelling it a blatant act of vendetta politics, the grand old party also condemned the seizure of the newspaper’s assets as a “state-sponsored crime disguised as justice,” vowing to fight back against what it calls an attempt to silence its leadership.

In a fiery statement on X, Congress general secretary in charge of communication Jairam Ramesh accused PM Modi and Shah of orchestrating a campaign of intimidation. “Filing chargesheets against Sonia Gandhi, Rahul Gandhi, and others is nothing but the politics of vendetta gone wild,” Ramesh posted. “Seizing National Herald’s assets is a mockery of the rule of law.”

Hitting out at Shah, the Congress leader accused him of going “completely berserk.” He asserted that the Indian National Congress and its leadership refuse to be silenced, stating: “Satyameva Jayate.”

The ED’s chargesheet has accused the Congress leaders of money laundering under Sections 3 and 4 of the Prevention of Money Laundering Act.

Alongside Sonia and Rahul, it names Congress figures Suman Dubey and Sam Pitroda. Special Judge Vishal Gogne reviewed the document for cognisance, scheduling further proceedings for April 25, with the filing handled by ED’s special public prosecutor, N.K. Matta.

Ramesh asserted that the Congress remains undeterred, promising, “We will not be silenced, and the truth will triumph.” The chargesheet reignites a long-standing legal battle tied to the National Herald, a newspaper associated with the Congress since India’s independence era.

The Delhi Rouse Avenue Court has scheduled a hearing for arguments on the ongoing National Herald case for April 25, 2025.

During a recent session, the presiding judge stated, “The present prosecution complaint shall next be taken up for consideration on the aspect of cognisance before this court on April 25, 2025, when the special counsel for the ED and the investigating officer will ensure the production of case diaries for the court’s examination.”

The prosecution complaint, lodged under Sections 44 and 45 of the Prevention of Money Laundering Act (PMLA) of 2002, pertains to allegations of money laundering, as outlined in Section 3, in conjunction with Section 70, and is punishable under Section 4 of the same act, as per the report.

This case has garnered significant attention, following a complaint filed by BJP leader Subramanian Swamy against Congress leaders Sonia and Rahul, their associated companies, and other individuals involved.

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Yogi Adityanath slams Mamata Banerjee over Bengal Waqf protest violence

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Uttar Pradesh Chief Minister Yogi Adityanath has criticized the Mamata Banerjee-led West Bengal government following recent violent protests in Murshidabad over the Waqf Amendment Act. Referring to the unrest, Adityanath said “Bengal is burning” while its Chief Minister remains “silent”.

Addressing a public meeting in Hardoi, Uttar Pradesh, the BJP leader remarked that “danda” — the Hindi term for a stick — is the only effective solution against rioters. Drawing comparisons, he claimed that prior to 2017, when BJP came to power in Uttar Pradesh, riots were a frequent occurrence in the state.

“Danda is the only treatment for rioters. You can see, Bengal is burning. The Chief Minister is silent. She is calling rioters ‘peace ambassadors’,” he stated during his speech.

Adding further, Adityanath used a Hindi proverb to reinforce his stance: “Laton ke bhoot baaton se kahan manne wale hain,” which loosely translates to “Those who respond only to force don’t understand words.”

The Uttar Pradesh CM accused the West Bengal administration of enabling violence under the guise of secularism. “In the name of secularism, they have given freedom to rioters. The government is silent. Such anarchy should be controlled,” he added.

These remarks come amid growing political tension over the Waqf Amendment Act, with opposition voices criticizing both state and central policies. The violence in Murshidabad has drawn widespread attention, placing the West Bengal government under scrutiny.

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