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Who is ‘Pappu’ now? Mahua Moitra’s jibe at Centre over fall in industrial output, other indicators | India News
NEW DELHI: Member of Parliament for Trinamool Mahua moitra on Tuesday cited government data showing an industrial contraction to question the Center’s handling of the economy and ask who ‘Pappu‘ now?
Participate in a debate in Lok Sabha on additional funding needs for 2022-23, moitra accused the Narendra Modi government of spreading “lies” about India’s growth and called on the Finance Minister Nirmala Sitharaman take control of the economy, thereby TMC leadership, is going downhill.
Referring to the latest data released by the National Statistics Office (NSO), Moitra stated that while the country’s industrial output fell 4% in October to a 26-month low, the sector manufacturing, “remains the most job-creating industry”. “, down 5.6%.
“17 of the industrial sectors that make up the Index of Industrial Production (IIP) recorded negative growth. Foreign exchange reserves fell by $72 billion in less than a year,” she said.
According to IIP data released by NSO, manufacturing sector output fell by 5.6% in October 2022 compared with 3.3% growth recorded in the previous month.
“This government and ruling party coined the term Pappu. You use it to smear and denote extreme incompetence. But the statistics tell us who Pappu really is,” said Moitra.
She also criticized the BJP for its defeat in the recently concluded Himachal Pradesh parliamentary elections, saying the ruling party’s president could not hold on to his home state. “Who is Pappu now?” she asked.
Himachal Pradesh is the home state of the national president BJP JP Nadda and in elections, Congress won the state from his party. Of the state’s 68 council seats, the National Assembly won 40, the BJP won 25 and the Independent Party won 3.
Finance Minister Nirmala Sitharaman on Monday mentioned in Question Hour how 50% of Foreign Institutional Investors’ inflows into Emerging Markets are coming to India, but the government when Responding to a question told the House of Commons last Friday that nearly 2,000 people have renounced their Indian citizenship in the first 10 months of 2022, Moitra said.
“This 2022 exodus brings the total number of Indians who have renounced their Indian citizenship under this government in the past nine years from 2014 to more than 12.5 lakhs,” she said.
“Is this indicative of a healthy economic environment or a healthy tax environment (domestic)?” she asked, adding, “Who is Pappu now?”
The TMC member alleges that there is an “atmosphere of terror” in the country today with the “sword” of the Bureau of Enforcement hanging over “high-net-worth entrepreneurs and individuals” as well as leadership. of the opposition parties.
“The ruling party bribes lawmakers for hundreds of crore rupees, but members of the opposition represent 95 percent of the legislators under investigation by the Directorate General of Enforcement,” Moitra alleges.
She accused the government of spreading misinformation about India’s growth story under Prime Minister Modi and said the high-value currency deprecation implemented in 2016 failed to achieve its goal for money. “still king” face and phasing out counterfeit money is still a distant dream. .
“This government makes us believe every February that this country’s economy is doing very well, we are the fastest growing, most productive global player, everyone has a job, xi flax, electricity and pucca houses. This lie lasted from 8 to 10 months and the truth came out lame after that”, TMC leader said.
“We are in December now and the government says they need 3.26 lakh cores as additional funding that exceeds the budget estimate,” she said.
Participate in a debate in Lok Sabha on additional funding needs for 2022-23, moitra accused the Narendra Modi government of spreading “lies” about India’s growth and called on the Finance Minister Nirmala Sitharaman take control of the economy, thereby TMC leadership, is going downhill.
Referring to the latest data released by the National Statistics Office (NSO), Moitra stated that while the country’s industrial output fell 4% in October to a 26-month low, the sector manufacturing, “remains the most job-creating industry”. “, down 5.6%.
“17 of the industrial sectors that make up the Index of Industrial Production (IIP) recorded negative growth. Foreign exchange reserves fell by $72 billion in less than a year,” she said.
According to IIP data released by NSO, manufacturing sector output fell by 5.6% in October 2022 compared with 3.3% growth recorded in the previous month.
“This government and ruling party coined the term Pappu. You use it to smear and denote extreme incompetence. But the statistics tell us who Pappu really is,” said Moitra.
She also criticized the BJP for its defeat in the recently concluded Himachal Pradesh parliamentary elections, saying the ruling party’s president could not hold on to his home state. “Who is Pappu now?” she asked.
Himachal Pradesh is the home state of the national president BJP JP Nadda and in elections, Congress won the state from his party. Of the state’s 68 council seats, the National Assembly won 40, the BJP won 25 and the Independent Party won 3.
Finance Minister Nirmala Sitharaman on Monday mentioned in Question Hour how 50% of Foreign Institutional Investors’ inflows into Emerging Markets are coming to India, but the government when Responding to a question told the House of Commons last Friday that nearly 2,000 people have renounced their Indian citizenship in the first 10 months of 2022, Moitra said.
“This 2022 exodus brings the total number of Indians who have renounced their Indian citizenship under this government in the past nine years from 2014 to more than 12.5 lakhs,” she said.
“Is this indicative of a healthy economic environment or a healthy tax environment (domestic)?” she asked, adding, “Who is Pappu now?”
The TMC member alleges that there is an “atmosphere of terror” in the country today with the “sword” of the Bureau of Enforcement hanging over “high-net-worth entrepreneurs and individuals” as well as leadership. of the opposition parties.
“The ruling party bribes lawmakers for hundreds of crore rupees, but members of the opposition represent 95 percent of the legislators under investigation by the Directorate General of Enforcement,” Moitra alleges.
She accused the government of spreading misinformation about India’s growth story under Prime Minister Modi and said the high-value currency deprecation implemented in 2016 failed to achieve its goal for money. “still king” face and phasing out counterfeit money is still a distant dream. .
“This government makes us believe every February that this country’s economy is doing very well, we are the fastest growing, most productive global player, everyone has a job, xi flax, electricity and pucca houses. This lie lasted from 8 to 10 months and the truth came out lame after that”, TMC leader said.
“We are in December now and the government says they need 3.26 lakh cores as additional funding that exceeds the budget estimate,” she said.
