Economy in peril,  claims PC; slams govt over Rafale 

Chidambaram also questioned the reduction in the number of aircraft from 126 in the UPA deal to 36 in the NDA. 

Published: 19th January 2019 02:13 AM  |   Last Updated: 19th January 2019 05:52 AM   |  A+A-

P Chidambaram at a Press conference in New Delhi on Friday | Parveen Negi

By Express News Service

NEW DELHI: Congress leader and former finance minister P Chidambaram slammed the government on Friday for mishandling the economy and reiterated the party’s demand for a JPC probe into the Rafale fighter jet deal.

At a Press conference, Chidambaram alleged the government had failed to meet the fiscal deficit target as well as the revenue target. “We don’t expect anything better from this government,” he said.
“This is the countdown to the elections. Nothing the government will do in the next 60 days will alter the status of the economy. The state of the economy is quite perilous. Every indicator is worrisome. So, we have to have some hope and trust in the next government,” said Chidambaram.
He said the government would miss the fiscal target of 3.35 per cent again this year, just like it did in

2017-18 when it missed the target of 3.2 per cent by 0.3 per cent and achieved 3.5.
The Congress leader said the Centre’s GST collections were falling short of the target and the net direct tax collection was also falling short of budget estimates. 
Asked what he would have done if he were the finance minister in this government, Chidambaram quipped, “If I were the finance minister in the NDA government, I would have resigned.”
Referring to a media report on Friday saying the NDA deal saw a 41 per cent price escalation for each Rafale jet, Chidambaram reiterated the demand for a JPC probe into the deal saying, the French manufacturer Dassault had a windfall.

“It seems to me that Dassault is laughing all the way to the bank. The government has wronged the country in two ways: firstly, it has compromised national security by denying to the Air Force 90 fighter aircraft that they desperately need; secondly, it has purchased two squadrons that will cost about 25 million euro more per aircraft. At the 2016 exchange rate, 25 million euro is equal to `186 crore! India will pay `186 crore more per aircraft,” he said.

Chidambaram also questioned the reduction in the number of aircraft from 126 in the UPA deal to 36 in the NDA. 

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