FM hits back at Rahul, says NDA has brought down inflation


New Delhi, Jul 28 (PTI): Hitting back at Rahul Gandhi, Finance Minister Arun Jaitley today reeled out statistics in Lok Sabha to assert that the NDA government had brought down inflation and expressed hope that prices of essential commodites will come down further after a "good" monsoon.

After Gandhi attacked Prime Minister Narendra Modi and alleged that the government had failed to control prices, particularly of the essential commodities, Jaitley contended that the NDA government had inherited high inflation from the UPA dispensation.

"Any form of bluster is not substitute of statistics," he told the Congress Vice President while intervening in a debate on price rise and asked him to compare the status of inflation during the UPA government and that prevailing now.

Referring to Gandhi's attack on Modi for criticising the then Congress-led government over inflation in February 2014, Jaitley said, "This is a topic of statistics and not sloganeering. The UPA had left government in a serious state and it is but natural that any contesting candidate before election would say that if I come to power, I will try to bring inflation down. No one should have any objection to that."

Insisting that the Modi government had reduced inflation and kept it under control, the Finance Minister said he expects it to reduce further with a "good" monsoon.

He acknowledged that high prices of pulses is a concern and said steps are being taken to address this by narrowing the mismatch between demand and supply.

Noting that India has the highest production along with highest consumption of pulses, he said while the demand is for 23 million tonnes, the production was 17 million tonnes, leaving a gap of six million tonnes.

The output of pulses is expected to go up to 20 million tonnes this crop year, Jaitley said, adding steps are also being taken by the Food Ministry to create a buffer of 20 lakh tonnes of pulses to keep the prices under control.

He also criticised Gandhi for asking the Prime Minister to set a date by when the prices will come down, saying issues are settled through policies rather than giving dates.

The government is working on policies to encourage farmers to produce more and India is moving towards self sufficiency in pulses produce, he said.

"You are talking about a government which left behind double digit inflation and today we have a situation where steps have been taken in each sector to contain inflation. Any form of bluster is not a substitute for statistics. These are backed by hard facts," Jaitley said.

Jaitley said the monthly statistics shows the pulses inflation is coming down and asked Rahul Gandhi not to look for corruption angle in the rise of prices of pulses, which he said occurred due to rise in costs globally besides two consecutive years of drought.

"Even today the corruption scandals that emerge are those of UPAs and not NDA... We have contained inflation despite having two years of drought. Good monsoon helps economy and with good monsoon this year, I expect that the prices of will come down," Jaitley said.

He said the UPA had left the economy in a dire state, with Consumer Price Index (CPI) and food inflation at double digit, WPI inflation around 6-7 per cent and growth prospects were limited.

He cautioned UPA against indulging in "back of envelop calculations" regarding economic data stating it will only be "misleading".

Taking a jibe at Gandhi for quoting market prices of essential commodities, Jaitley said in a lighter vein, "everybody in this House seems to be claiming to go to market everyday".

He said in 2012-13 and 2013-14, which were the last two years of UPA regime, were marked by increasing prices and inflation data looked grim.

Earlier report

Give a date by when pulses price will decline: Rahul to Modi

New Delhi, Jul 28 (PTI): Launching an offensive against the Prime Minister over price rise, Rahul Gandhi today said after coming to power Narendra Modi has not said anything on the issue and demanded that he give a date by when the prices of pulses will come down.

"You may make as many hollow promises as you want, but give us a date by when the prices of daal will come down," Gandhi said in Lok Sabha during a debate on price rise.

In his first major intervention in the monsoon session, Gandhi said the price of pulses and vegetables have gone over the roof after the NDA came to power and the farmers have not been able to get any benefit of the steep rise in the price of these commodities.

Recalling Modi's speech at a poll rally in Himachal Pradesh in February 2014, Gandhi said while attacking the then UPA government over the issue, he had said said that 'ma- bachche raat raat rote hain, aasoon pee ke sote hain' (mother and child cry the whole night and sleep drinking the tears).

"What a dialogue," Gandhi said thrice, taking a dig at Modi who was not present in the House.

"I want to remind the Prime Minister of the promises he made to the people of the country during the poll campaign, which Modiji does not talk about now and has forgotten. He had also promised that when the BJP government comes to power, it will bring down the prices," Gandhi said.

Listing out the prices of vegetables and pulses, Gandhi said in 2014, the price of tomato was Rs 18, which has shot up to Rs 55 in 2016. Urad and tur dal, priced at Rs 70 and 75 in February 2014, has gone up to Rs 160 and Rs 180 this month.

He said there was a gap between the minimum support price for tur dal given to the farmers was Rs 45 whereas its price in the market was Rs 75. Now, the MSP has risen to Rs 50, but the price of the pulses was now Rs 180.

"So, there is a gap of Rs 130 in the NDA government. Where is this Rs 100 going," Gandhi asked.

"During elections, Modiji had said 'make me a chowkidar' (watchman). Now, there is a theft of dal under the very nose of the chowkidar. But the chowkidar has not uttered a word. He is mum. ... Now he has become a big person. Leave that job of chowkidari to the Congress," Gandhi said.

In reference to a BJP slogan 'Har Har Modi' used during the Lok Sabha polls, he said "now people are saying 'Arhar Modi'."

Taking a jibe at the NDA's second "happy birthday" celebrations, the Congress Vice President said the Prime Minister did not even utter a single word about rising prices during this event and sought to know why he did that.

Accusing the government of waiving off Rs 52,000 crore of the corporates, Gandhi asked what benefit the government has given to the farmers and housewives of the savings amounting Rs 2 lakh crore it has made from the slump in the crude prices.

He also questioned the NDA's flagship programmes like Make in India, Stand Up India and said "the 'Make in India' programme has not got given a single job to the youth."

  

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Comment on this article

  • prr, sullia

    Fri, Jul 29 2016

    Inflation is calculated by Reserve Bank of India under Raghuram Rajan not by Modi as suggested by some here. Govt can not manipulate this number. Get your facts right.

    DisAgree [2] Agree Reply Report Abuse

  • John, Udupi

    Fri, Jul 29 2016

    People knew that Jaitley is useless and rejected him in LS polls! But still he was thrust upon us!. He is saying all stupid things! What does he mean when he says Inflation us down even though prices of everything are sky high!?. Either he is lying or simply doesn't know anything!. Bakhts please make sambar from Rs. 200/kg dhal and Rs. 60/kg tomato and then dance that inflation is very low and says hats off. .....

    DisAgree Agree [2] Reply Report Abuse

  • A. S. Mathew, U.S.A.

    Thu, Jul 28 2016

    Arun Jaitly's GDP prediction from 8-10% etc are now being crashed like a flight without fuel thus finding the fuel to fly through putting the blame on the U.P.A.
    Bhart Mata Kijai. FDI Kijai.

    DisAgree Agree [1] Reply Report Abuse

  • geoffrey, hat hill

    Thu, Jul 28 2016

    India brought down inflation on paper by moving from Wholesale Price Index (WPI) to Consumer Price Index (CPI)as a measure of inflation since 2014. Just a part of Ullu banawing.

    DisAgree [2] Agree [20] Reply Report Abuse

  • rao, sullia

    Fri, Jul 29 2016

    What are you saying? It is RBI under Raghuram Rajan who calculate inflation not Modi.

    DisAgree [2] Agree Reply Report Abuse

  • N.M, Mangalore

    Thu, Jul 28 2016

    The way food prices are rising shows this Bjp govt has failed miserably and on top of it they have raised various taxes so much that common man is suffering so much.

    DisAgree [4] Agree [13] Reply Report Abuse

  • N.M, Mangalore

    Thu, Jul 28 2016

    bjp bhakts are RG bashing but what is the answer to the question he has raised ?

    The question is valid because Feku 2002 had made a lot of promises and our economy is now going downhill.

    DisAgree [1] Agree [12] Reply Report Abuse

  • Peter, Bangalore

    Thu, Jul 28 2016

    Joke of the year.

    DisAgree [3] Agree [11] Reply Report Abuse

  • alfria, mumbai

    Thu, Jul 28 2016

    What this Joot_ley knows about inflation and dal prices. He knows only Jhonny Walker, if jhonny walker price goes up it is inflation going up.

    DisAgree [2] Agree [16] Reply Report Abuse

  • Vincent Rodrigues., Frazer Town,Bangalore

    Thu, Jul 28 2016

    After BJP coming to power, every thing is costly and poor is struggling to live. Whatever the justification the Finance Minister gives is far from truth.

    DisAgree [1] Agree [21] Reply Report Abuse

  • Jossey Saldanha, Nashville

    Thu, Jul 28 2016

    GDP & Inflation figures are all Chamatkari ...

    DisAgree [3] Agree [19] Reply Report Abuse

  • Sm, Karkala

    Thu, Jul 28 2016

    Now I can understand why jetly is called jhootly. He has live up to his nick name

    DisAgree [1] Agree [22] Reply Report Abuse

  • JK, Udupi

    Thu, Jul 28 2016

    Pappu should start talking about all the scams happened during UPA time including his own family scams like chopper, national herald etc.

    DisAgree [22] Agree [4] Reply Report Abuse

  • Lancy Noronha, Bellore

    Thu, Jul 28 2016

    As I am observing since long, during UPA Govt that imports crude oil cost was with $123 to $142 per barrel and still UPA managed to sell petrol Rs 70/Ltr also offered subsidy on cooking gas cylinders.
    Now a days Crude cost $43 MAX per barrel and still the petrol price hiked than before by NDA...it is really tragedy for all us Indians. What Mr. Rahul ji was commented in parliament that was true.

    DisAgree Agree [18] Reply Report Abuse

  • AKHILA BHARATH, JANA-PARISHAD

    Thu, Jul 28 2016

    Our former PM Dr. Man Mohan Singh is most honorable, most respectful, very polite, very decent,
    (he never use to make any personal bad comment or criticize any politicians) most lovable, most efficient, one of brilliant, successful, world famous Economist and most vibrant politician with awesome educational qualifications in the world with phenomenal intelligence. He is the architect Modern India's free successful Economy. Because of him & his successful economic policies today whole India is most open economy in world for FDI (now our most beloved India is 2nd rank in the world). Because of his most vibrant successful economic policies our whole world is doing business with India today n thus India and whole world is benefited / benefitting... but not at all that utterly failed "Pokristan" (useless neighbor) including useless DAKU-FEKU AND ALL THEIR ASSOCIATED PARTIES/PARTNERS, WHO DOES NOT UNDERSTAND FUNDAMENTAL BASICS OF ECONOMICS, INDIAN ECONOMY, CULTURE, SOCIETY AS WELL AS NATIONAL AND INTERNATIONAL AFFAIRS AND POLICIES...AS MOST OF THEM ARE ONLY 10TH STD AND MOST THEM ARE NOT AT ALL EDUCATED...

    DisAgree Agree Reply Report Abuse

  • N.M, Mangalore

    Thu, Jul 28 2016

    Fuel price hike issue also needs to bring into parliament. BJPee cannot hike prices like this. It is affecting the poor and the middle class.

    bjPee has screwed the common man of the country.

    DisAgree [4] Agree [35] Reply Report Abuse

  • Naveen , Manglore/Bahrain

    Thu, Jul 28 2016

    Ask Subramanian swamy. He will give best answer soon for your and your mom trip to court and next to jail

    DisAgree Agree Reply Report Abuse

  • Ramesh S, MANGALORE

    Thu, Jul 28 2016

    ..boda sheera..JAITLEY kicked RAHUL like JET LI..CVC unearther another 10 thsnd crores mistake of UPA on MIG Jet purchase..even Congress badly lost ARUNACHAL, media totally hiding the fact..Congress thought BJP will make Uttarakand mistake but BJP played card cleverly and told rebels to rejoin Congress to prevent disqualification..rebels put pressure to change Mr.TUKI(Sonia's choice, may be community preference), Congress didnt had any choice and made PREMA KANDU as CM (Budhist)..new CM met MODI but didnt met SONIA/RAHUL till date..picture clear..

    DisAgree [39] Agree [11] Reply Report Abuse

  • N.M, Mangalore

    Thu, Jul 28 2016

    Those who wish to eat Dal can go to pakistan : BJPee Brainless Bhakts.

    DisAgree Agree [1] Reply Report Abuse

  • Dev, Mangalore

    Thu, Jul 28 2016

    UPA left with double digit inflation- Arun Jaitley!
    But we used to get pulses & other commodities for Rs 70/Kg, but now with all the circus this govt., brought down the inflation & we paid Rs 180 & now around 140 for the same pulses, Why?
    What figures you quote doesn't fill our stomachs, neither will your assurance of good monsoons either.
    Adani group bought all the pulses when the rate was around 67/Kg, & they are left to reap a windfall by this government as he had funded their election, if this is not a scam then what is a new word Jaitleyjee?
    Your slogans or bashans doesn't fill our stomachs, come out with results to defend indefensible, give answers rather than letting Advocate within you circumvent the answers voters are demanding.

    DisAgree [11] Agree [25] Reply Report Abuse

  • Manish, Mumbai

    Thu, Jul 28 2016

    Jhootley ki jai ho lol

    DisAgree [9] Agree [15] Reply Report Abuse

  • Kumar, Mangalore

    Thu, Jul 28 2016

    Shankar, Mangalore

    Probably Modi knew in advance about RG question so not attended intentionally because he does not know what to say.

    DisAgree [5] Agree [22] Reply Report Abuse

  • N.M, Mangalore

    Thu, Jul 28 2016

    RG's speeches are no more entertainment for Sanghis. Feku's honeymoon is definitely over. The Indian citizens hear RG while Feku's speeches are limited to foreigners. While in India Feku is on 'maun vrat'.

    DisAgree [3] Agree [24] Reply Report Abuse

  • Amin Bhoja, Patte / Riyadh

    Thu, Jul 28 2016

    Bit very simple... change your life style from Vegetarian to Non Vegetarian !!! One of the next election slogans...!!! Jai BJP.. ...Jai Congress...Both are.. two faces of the same coin...!!!

    DisAgree Agree Reply Report Abuse

  • Amith, udupi

    Thu, Jul 28 2016

    Since 2 years ...dollar value has not come down ..pulse prices have not come down ..no Jobs in the market ..oil prices have not come down (only in india) ...then why are u working for 18 hrs a day without leave ?? to bring down what ??

    DisAgree Agree Reply Report Abuse

  • RAVINDRA, KARKALA

    Thu, Jul 28 2016

    Dont be too anxious pappu. It is raining and raining. Prices ought to come down

    DisAgree Agree Reply Report Abuse

  • prem, moodbidri

    Thu, Jul 28 2016

    Bhakths...

    During election "NaMo Brigade"!
    After election "Beef Brigade"!!!

    DisAgree Agree Reply Report Abuse

  • Elwyn Goveas, valencia

    Thu, Jul 28 2016

    Middle men gets the lion share

    DisAgree Agree Reply Report Abuse

  • mohan, mangalore

    Thu, Jul 28 2016

    Even congress elected prices of commodity will never come down if congress try its hard also not possible because All corrupt bureaucrats, govt officials with stockist never allow you to reduce the price .
    So we lost the confidence with both BJP as well as congress.

    DisAgree Agree Reply Report Abuse

  • stan, udupi/dubai

    Thu, Jul 28 2016

    People of India are ready to boot this govt out , but alas they have to wait till 2019.Cow politics will not help them to save their chair. Rupee is still in coma still feku promised to revive it if voted to power.Unemployment, prices and beef are enough to oust them out.

    DisAgree Agree Reply Report Abuse

  • Jossey Saldanha, Nashville

    Thu, Jul 28 2016

    Rahul the Idiot should stop asking intelligent questions to Modi ...

    DisAgree [11] Agree [44] Reply Report Abuse

  • Sanjeev Kamath, Nashville

    Thu, Jul 28 2016

    Instead, ask Sharad Pawar when he and his men stop hoarding and cut down middlemen commission. He and just his 4 - 5 men control vegetable & cereal/pulses price in India.

    DisAgree [37] Agree [13] Reply Report Abuse

  • stan, udupi/dubai

    Thu, Jul 28 2016

    Let the govt take action against Pawar.

    DisAgree [5] Agree [36] Reply Report Abuse

  • KRPrabhu, Kudla/Bengaluru

    Thu, Jul 28 2016

    Powar ke ooper action lenewala koyi maayi ka laal abhi thak India mein paida huva nahin.....paida hoga bhi nahin...

    DisAgree [8] Agree [8] Reply Report Abuse

  • stan, udupi/dubai

    Thu, Jul 28 2016

    Let your leader show 56 inch chest to take action against hoarders.

    DisAgree Agree [1] Reply Report Abuse

  • N.M, Mangalore

    Thu, Jul 28 2016

    Seriously!!??
    You guys don't have answer for the skyrocketing price rise but bhakts are experts in character assassination.

    Go and watch today's Noise Hour at 9 with Arnab gobarswami's , he will entertain you guys with his LIES.

    DisAgree [3] Agree [22] Reply Report Abuse

  • Amith, udupi

    Thu, Jul 28 2016

    Acche Din ..kacche pehenke aane waale hein ..

    DisAgree [8] Agree [30] Reply Report Abuse

  • SreeKumar, Doha

    Thu, Jul 28 2016

    ಅಬ್ಬಾ ಒಂಜಿ ಪ್ರೆಶ್ನೆ ಬತ್ತ್ಂಡ್ ರಡ್ಡ್ ವರ್ಸಾಡ್!! ಕಟ್ಟ್ ದ್ ಕೊರ್ನಾ ಬುತ್ತಿ ಆದಿಪ್ಪೊಡ್. ಇರೆನಾ ಪಾರ್ಟಿ ಉಪ್ಪುನಾಗ ಆರ್ ಸೇಮ್ ಪ್ರಶ್ನೆ ಕೆಂಡೆರ್, ಇತ್ತೆ ಇರ್ ಕೇನೊಂದುಲ್ಲಾರ್ ಎಂಚಿನಾ ಅಂಡರ್ ಸ್ಟಾಂಡಿಂಗ್ ನಿಕ್ಲೆನಾ?

    DisAgree [8] Agree [11] Reply Report Abuse

  • Sudhakar, Kallianpur

    Thu, Jul 28 2016

    Ok Mr. Rahul,

    You give us a date when you will stop speak like a Pappu and talk your own without the chit, then we will definitely consider you as a PM aspirant!

    DisAgree [39] Agree [10] Reply Report Abuse

  • Ravi C, Mangalore

    Thu, Jul 28 2016

    @ Sudhakar, speaking like Pappu or leader or talking his own without chit will not bring down the prices. Instead of downgrading, can you say BJP will be able justify the price rise?

    DisAgree Agree Reply Report Abuse

  • John, Udupi

    Fri, Jul 29 2016

    Good idea sirji! How about giving bhashanas without a teleprompter! ?

    DisAgree Agree [1] Reply Report Abuse

  • jeevan, mangalore

    Thu, Jul 28 2016


    Pappu..
    All this gimmick is never going to convince the people of India.

    DisAgree [44] Agree [15] Reply Report Abuse

  • Ravi C, Mangalore

    Thu, Jul 28 2016

    You can call him Pappu but do you really have an answer to his question? This is absolutely valid question but people try to convert it to a comic because they do not have an answer.

    DisAgree Agree [1] Reply Report Abuse

  • Flavian, Mangaluru/Kuwait

    Thu, Jul 28 2016

    Promise will remain as false promises. He does not have magic wand to make things happen. Prices of daily commodities shooting, FDI's still in the pipeline, Black has already turned into white, Beef issues dominating and tarnishing whatever BJP image is left in public eyes. They will wind up but Rahul do think that you are better than Mr. Modi?

    DisAgree [10] Agree [18] Reply Report Abuse

  • Shankar, Mangalore

    Thu, Jul 28 2016

    Thank God! Modi was not present. Otherwise, Pappu wouldn't have had the courage to speak. Even if he had spoken, Modi would have given him a befitting reply.

    DisAgree [47] Agree [17] Reply Report Abuse

  • Harold D'cunha, Mangalore, India

    Thu, Jul 28 2016

    Shankar, Mangalore
    In front of Rahul, Modiji is like a pappu. Rahul Gandhi has learnt the trick of politics and Modiji is shit scared of Rahul Gandhi.

    Look what happened to GST bill. In spite of majority, BJP do not have guts to pass it without Congress as GST is Congress/UPA baby and BJP hijacked it. Now BJP is coming to Congress terms.

    DisAgree [14] Agree [51] Reply Report Abuse

  • Sudhakar, Kallianpur

    Thu, Jul 28 2016

    "Modiji is shit scared of Rahul Gandhi" - Eer edde joke malpuvar!!!

    DisAgree [1] Agree [2] Reply Report Abuse

  • Suraj, Mangalore

    Thu, Jul 28 2016

    Amul baby will always remain a baby. Now a days, he is acting like a Pappu but somebody has to pump him. All people know price rise is due to drought and hoarding by Dongress nexus which still exists.

    DisAgree [2] Agree Reply Report Abuse

  • A. S. Mathew, U.S.A.

    Fri, Jul 29 2016

    Why MR. Modi is not in the proper location but roaming around? You are thanking God because Modiji was not there, but now the people of India from north to south and east to west are calling upon GOD,
    "GOD, HAVE MERCY UPON US FROM THIS NATIONAL TRIBULATION OF AACHI DIN".

    DisAgree Agree [2] Reply Report Abuse

  • KA DSilva, Dubai

    Thu, Jul 28 2016

    date will be 01-April of every year, you just wait and watch...

    DisAgree [12] Agree [13] Reply Report Abuse

  • Kevin, Doha Qatar

    Thu, Jul 28 2016

    Rahula baba that's the mode we need from you "der sahi durust" launch attacking feku Modi he made the life miserable due to rocket prices, he is busy travelling world fear of not getting the chance to travel in future obviously people of India throw him out soon.

    DisAgree [6] Agree [31] Reply Report Abuse

  • Ramesh S, MANGALORE

    Thu, Jul 28 2016

    ..give us a date when you become mature..you selected a wrong subject, there is no hue cry on price rise since monsoon already entered prices stabilised some what..politics is not comedy circus..because of your childish behavior your crowning ceremony date postponed indefinitely..every one supporting GST bypassing you, it can be passed without your support, but still MODI want consensus on this bill..

    DisAgree [31] Agree [11] Reply Report Abuse

  • Amith, udupi

    Thu, Jul 28 2016

    adige biddaru moogu mele ...

    DisAgree Agree [1] Reply Report Abuse

  • VM, Udupi

    Thu, Jul 28 2016

    30th February. Happy?

    DisAgree [26] Agree [14] Reply Report Abuse

  • Harold D'cunha, Mangalore, India

    Thu, Jul 28 2016

    VM, Udupi
    BJP honesty is visible in your comments.

    DisAgree [11] Agree [38] Reply Report Abuse

  • S.M. Nawaz Kukkikatte, Dubai

    Thu, Jul 28 2016

    No u have to mentioned date on 1st of April,

    Your MODI Govt already "fooled" many times in all matter to the entire peoples of India.

    DisAgree Agree [1] Reply Report Abuse

  • Amith, udupi

    Thu, Jul 28 2016

    shameless Govt ..when in opposition they arranged for bharat bandh when daal was 70 Rs now its double ..and bhakts will still say first time daal has reached 130 in history of india thanks to Namo ..from ghar ghar Modi to Arhar Modi ..in 2 years ..best PM as per UNESCO(bhakt meme)....if someone works 18 hrs a day without holiday for 2 years and still the situation is getting worse then.

    DisAgree Agree [1] Reply Report Abuse


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Title: FM hits back at Rahul, says NDA has brought down inflation



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