The former Prime Minister Manmohan Singh that the government “is obsessed with trying to fix blame on its opponents” instead of solutions.
The former Prime Minister also referred to the Punjab and Maharashtra Co-operative (PMC) bank crisis and said the before one can fix the economy, one needs a correct diagnosis of its ailments and their causes. The government is obsessed with trying to fix blame on its opponent.
“When I was in office what happened did happen. There were some weaknesses. But you can’t claim that the fault lies with the UPA always. You have been in office for five years. Mainly passing buck to UPA is not enough,” said Dr Singh
On Tuesday, Nirmala Sitharaman had, at an event in the US, said she held the Manmohan Singh-Raghuram Rajan combination responsible for subjecting public sector banks to their “worst phase”.
Meanwhile I respect Dr. Manmohan Singh for telling me not to do the blame game, but recalling when and what went wrong during a certain period is necessary to put it in context,” adding that things went wrong during a period in which
“I have no reason to doubt that Rajan feels for every word of what he is saying. And I’m here today, giving him his due respect, but also placing the fact before you that Indian public sector banks did not have a worst phase than when the combination of Singh and Rajan, as Prime Minister and the Governor of the Reserve Bank of India (RBI), had. At that time, none of us knew about it,” the Finance Minister had said at Columbia University’s .
