New Delhi Oct 5 (IANS) Targeting the Narendra Modi government senior Congress leader P. Chidambaram on Friday said that people will have to pay a "heavy price" for the government s "follies".
"The kindest thing that can be said about the government s handling of the current volatile situation is: They are clueless " Chidambaram tweeted as key Indian equity indices crashed by over two per cent during the day.
"People will pay a heavy price for the follies of the BJP-led NDA government. It is time for some BJP MPs and allies to speak their mind " the Congress leader added.
Lately a weak rupee and high crude oil prices have plunged the Sensex by over 2 000 points in only three previous trading sessions while the Nifty50 has shed over 650 points.
Belying market expectations of a hike the Reserve Bank of India on Friday held its key lending rate unchanged but turned hawkish moving to a "calibrated tightening" from the "neutral" stance it had maintained.

--IANS mak/nir