Nation Current Affairs 24 Sep 2017 Speaking out against ...

Speaking out against demonetisation robs Subramanian Swamy of his friends

Published Sep 24, 2017, 6:25 am IST
Updated Sep 24, 2017, 7:17 am IST
The Economist in its latest issue also talked about the Union government's failure to create jobs.
Subramanian Swamy
 Subramanian Swamy

New Delhi: A section of BJP leaders, particularly those belonging to the camp of a senior Union cabinet minister is baying for the blood of party MP, Mr Subramanian Swamy for savaging the government on the economic front. However, it's not only Mr Swamy who has been critical of  the government's economic policy and the way demonetisation scheme was implemented, the Economist in its latest issue also talked about the Union government's failure to create jobs.

While this particular section in the BJP, apparently "loyal" to the senior cabinet minister was trying to mount pressure on the party high command to "caution" Mr Swamy, the other section seemed to be in agreement with this maverick BJP MP. 


A senior BJP leader, who refused to be identified claimed that under the pretext of attacking the government on the economic front, Mr Swamy "was trying to malign a minister concerned."  

In an interview, Mr Swamy did not merely stop at saying that the "economy is in a tailspin" but hinted that a handful of leaders were trying to block him from getting any crucial role. "One of them seems to be against me. I have been kept out of practically everything," he said.  

Mr Swamy, in favour of demonetisation during the 2014 elections felt that the scheme was "not implemented properly" and predicted that "demonetisation was going to fail." 


What had upset a particular section of the saffron leaders, close to that “one” minister was Swamy’s claim that if corrective measures were not taken the country could head for a “major depression”, “banking sector might collapse” and “factories could close down”. 

As some of the BJP leaders continue to seethe against  Swamy, the Economist in its latest issue talked of the government’s failure to create job opportunities. 

The Economist wrote that “slow economic growth, a decline in investment rates, the shock of economic reforms, a long term decline in agricultural employment and a faulty education system have combined to reduce the proportion of Indians who hold proper jobs.” 


 The magazine claimed that “..just to keep unemployment in check, India needs to create some 10 to 20 million jobs a year”. 

On the economic front it claimed that the growth has “steadily  slowed since 2016”"

Talking about the National Skill Development Corporation, the Economist claimed that it had trained “some 557,000 workers” and “by its own count only 12 per cent of these trainees found jobs”. 

It may be recalled that the during the recent reshuffle Prime Minister Narendra Modi dropped national skill development minister Rajiv Pratap Rudy.  


Location: India, Delhi, New Delhi