Yashwant Sinha tells Modi to sack Jaitley over GST

Patna, November 10 

Senior BJP leader Yashwant Sinha on Friday urged Prime Minister Narendra Modi to sack Finance Minister Arun Jaitley in a bid to improve the country’s economy.

“Modi should remove or change the Finance Minister if we want to improve the country’s economic condition,” Yaswant Sinha, himself a former Finance Minister, told the media here.

He said Jaitley should be replaced by someone who can handle the Finance Ministry “properly”.

Sinha also attacked the Goods and Services Tax (GST) by saying that “GST ne desh ki arthik waywastha ko kabada kar diya” (GST has ruined the national economy).

He said Jaitley had been repeatedly amending the GST but insisted that the tax regime would not work.

“Jaitely as the Finance Minister did not apply his brain when he prepared and implemented the GST. This is evident the way he has been tinkering it time and again. Even today some changes have been made. But any patchwork will not work. GST needs an overhaul.” Sinha asked Modi to set up a high-level committee headed by economist Vijay Kelkar to study GST and suggest remedial measures.

Earlier, Sinha rubbished Modi’s claim that demonetisation and GST were successful, saying both exercises had actually failed.

“Notebandi and GST failed as their objectives were not fulfilled. None of the black money has returned to the banks” after Rs 1,000 and Rs 500 notes were scrapped in November last year, he said. — IANS