Minister of State for Parliamentary Affairs Rajiv Shukla on Saturday suggested that the Bharatiya Janata Party (BJP) is consistently indulging in unconstructive criticism of the Center on all issues, and backed the steps taken by the UPA-led Government to curb the economic meltdown in the country.
"BJP's job is to criticize everything. They never come with any positive suggestion. They always criticize. If Ramlal is right, then also criticize; if Shyamlal is right, then also they criticize. They have to criticize in every situation. So, they are behaving like an Opposition which is not constructive," Shukla said.
"On the one hand, they do not allow the legislation to improve the Indian economic situation to be passed-which they block. On the other side, they criticize. So, what can I say?" Shukla added.
Assuring that the Ministry of Finance is continuously taking all steps to bring the economic situation in the country under control, Shukla said that the present circumstances are due to the adverse impact of the global economic circumstances.
"As far as economic situation is concerned, the Finance Minister has already made it very clear that all necessary steps are being taken. There's obviously an adverse impact of the global economic situation on India, also, because the currencies of other countries are also loosing (their value) very fast-depreciation is very fast in other countries, as well. So, India is also getting impacted because of that," Shukla said.
"But, all necessary steps are being taken. The new Governor is also taking initiatives at the RBI. The Finance Minister is also taking all important steps. They are striving hard to save the economic situation. I am still of the view that the situation is not worse than it was in 1991, but there is definitely some problem. We need to overcome that," he added.
On Friday, Finance Minister P. Chidambaram commented on the depreciating value of the rupee, promising that the Government has taken a number of steps to bring the economic situation under control.
"The markets have taken a hit and that is reflecting in the rupee also. But we have taken a number of measures; a number of measures are being taken. Let's wait to see what the first quarter growth rates are," Chidambaram said.
"And, I have no doubt in my mind when calm is restored in the market, people will begin to understand that Indian market indicators must basically reflect Indian market conditions. They should not be sensitive to data coming out of the U.S. So, I think that is a time for calm. This is a time for reflection and let us see what happens next week," he added.
The rupee dropped to a historic low of 62 rupees per dollar today on good demand for the US currency from banks and importers in view of sharp fall in equity market.
The rupee resumed slightly higher at 61.35 rupees per dollar as against the last closing level of 61.43 rupees. It moved in a range of 61.32 rupees and 62 rupees per dollar during the morning deals. (ANI)