The Yes Bank fiasco which has been taking a toll at Indian economy right now has triggered a war of words between the former and present Finance Ministers. While senior Congress leader P Chidambaram took a jibe at the government stating that the self-appointed competent doctors are responding for the crisis, Finance Minister Nirmala Sitharaman breathed back the same fire blaming the UPA regime.
Addressing the media at a press conference, Sitharaman stated that the loans sanctioned under the UPA regime are responsible for the present economic crisis in the country. She also stated a few of the bankrupted companies like Anil Ambani Group, Essel, IL&FS, DHFL and Vodafone were stressed corporate companies. The finance minister also stated that Yes Bank has been under government’s and RBI’s observation from the past three years.
Meanwhile, Chidambaram was quick to snap back Sitharaman’s charges made in the press meet. The former Finance Minister took to his official Twitter account to write- “Listened to FM’s address to the media. It is obvious that the crisis has been in the making since 2017 and the government did practically nothing except ‘talk to the RBI’.” He also lashed out that rather concentrating on the crisis, the Finance Minister more interesting in focusing on what happened during the UPA regime. On this note, Chidambaram announced that he would be addressing the media in a few hours.