Former union finance minister in NDA-I regime and ex-bureaucrat, Yashwant Sinha has kept firing salvos on union government on a frequent basis and its economy policy. This time, Sinha went to the extent of demanding dismissal of Arun Jaitley from the union cabinet post for allegedly flawed Goods and Services Tax (GST) regulation. He said, “with full responsibility, I urge the PM to bring in a new finance minister.”
‘finance minister didn’t apply his mind in the formation of GST regulation. The overhaul structure of GST is flawed and due to it, again and again it has been amended,’ he added.
Senior BJP leader Yashwant Sinha suggested to constitute a committee, headed by economist Vijay Kelkar, former adviser to union finance ministry, to recommend how GST should be implemented successfully.
Former union minister pointed out that 200 items out of 227 now will be in the slab of 18 per cent GST instead of 28 per cent. It will reduce the tax collection of government and government will have to incur revenue loss. Forty per cent items are beyond the ambit of GST. To patch it up, finance minister will have to be replaced.
Sinha not only urged PM for replacement of Jaitely, but also he insinuated, on Jaitley, saying that “I have presented seven budget ‘standing up’, unlike Jaitley. It is noted that when Sinha criticised demonetization and other economy policies of central government by a writeup in an English daily, then Jaitley had said, ‘an 80 years’ old man looking for a job.’
Sinha was addressing a program held in Patna, convened by Vanchit Varg Morcha (deprived section front) which was also attended by the former speaker of legislative assembly and senior JDU leader, Uday Narayan Choudhary. The subject of the function was ‘the present economic, social and employment condition of deprived section’.
Former finance minister also favoured reservation in private sector. He criticised the Bihar Chief Minister Nitish Kumar in his speech. He said, “Bihar government should pass a resolution for reservation in private sector then forward it to the Centre.”
On the issue of ‘Paradise paper leak’ in which name of Yashwant Sinha’s son and union state minister Jayant Sinha has come out, Senior Sinha said,”If inquiry is to be set up for this issue then investigation must also be conducted in the matter of BJP President Amit Shah’s son Jay Shah.