Opposition criticises govt over rising inflation, high unemployment, rupee depreciation

Opposition parties on Monday criticised the government in the Lok Sabha over rising inflation high unemployment and falling value of domestic currencyParticipating in the discussion on the supplementary demands for grants Saugata Roy of the Trinamool Congress said the government would need outofthebox solutions to deal with the economic woes of the countryHe said that the government is yet to come out with any step to arrest fall in the value of rupee and containing inflation which is impacting lives of poor and middleclass peopleHave we left it to the RBI alone to control inflation Or the government has anything to say about inflation he askedHe added that food and fuel inflation must be controlledCut in jobs by big firms such as Twitter and Meta would have implications on the Indian IT industry as well Roy remarkedHe asked Finance Minister Nirmala Sitharaman to be more charitable and fairer towards West BengalWe have huge pending dues from the central governmentRs 7300 crore in NREGA National Rural Employment Guarantee Act and huge amounts in House for All scheme he saidLet us forget old rivalriesStrong states mean a strong Centre he addedCongress member K Suresh too said the government is finding it difficult to achieve the disinvestment targetsAlso Read India fastest growing economy some raise questions out of jealously SitharamanHe said that different multilateral institutions and rating agencies have revised downwards their Indias economic growth projectionsUnemployment rate is high particularly in the rural areasThere are no jobs in urban areas Suresh said adding We are not jealous we are very much worriedThe government has failed to address these issues he said alleging it has also not extended any help to KeralaHe added that in Kerala natural rubber and cashew industry is in crisis and the centre is not taking any step to help themP P Faizal of the NCP too said that demonetisation GST and the pandemic have affected small and mediumsized enterprisesMalook Nagar of the BSP said the government has not given any compensation to Covid19hit farmersHe demanded the government increase sugarcane prices to Rs 500 per quintalThe BJDs Sarmistha Sethi said that high unemployment less private sector investment and high food inflation are affecting peopleCountering the charges of the opposition parties Jayant Sinha of the BJP said India is the only shinning star in the worldDespite the present global uncertainties in all the macroeconomic parameters India is number one in the world Sinha saidHe added that steps such as GST UPI unified payment interface DBT direct benefit transfer IBC insolvency and bankruptcy code and production linked incentive scheme are helping the economySinha said the opposition parties should not indulge in rewari culture to win elections as it affects statesOther members who participated in the discussion included TRSs B B Patil Shiv Senas S A Barne TDPs Jayadev Galla and BJPs Shivkumar UdasiThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever