BJP veteran Yashwant asks Modi to sack Arun Jaitley over GST chaos

News Network
November 10, 2017

New Delhi, Nov 10: Former Union Finance Minister and BJP veteran Yashwant Sinha said on Friday that Prime Minister Narendra Modi should fire incumbent Finance Minister Arun Jaitley over Goods and Services Tax (GST) "mess" which he said was implemented by the minister "without applying his mind."

"This man (Jaitley) has created all the mess while bringing in GST, thereby inflicting one blow after another to the traders throughout the country," said Yashwant.

The former Union finance minister who served under Vajpayee regime was in the state capital to attend a symposium on 'Vanchit varg' (deprived section) organised by former Assembly Speaker Uday Narayan Choudhary at AN Sinha Institute.

Speaking shortly after the GST Council decided to keep only 50 items in the top 28% bracket, Yashwant said, "Instead of tinkering with the GST, it will be better if the Centre sets up a committee under noted economist Vijay Kelkar to look into the various aspects of GST. But before that, I would urge Prime Minister Narendra Modi to sack Arun Jaitley who has miserably failed as Finance Minister."

Later, talking to media, Yashwant said his son Jayant Sinha (Union Minister of State for Civil Aviation), whose name recently figured in the Paradise Papers, should be investigated "as long as Amit Shah's son Jay Shah is also investigated for allegations of benefiting from crony capitalism."

Jayant, a former venture capitalist, was named in the Paradise Papers for being one of the wealthy politicians having offshore investments. "I would appeal to the government to probe all those people mentioned in the Paradise Papers list. Complete the investigation within a stipulated time-frame, say 15 days or a month. But also conduct an independent assessment of Amit Shah's son," said the former minister.

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News Network
June 10,2020

New Delhi, Jun 10: India on Wednesday reported a spike of 9,985 more COVID-19 cases in the last 24 hours, taking the country's COVID-19 count to 2,76,583, according to the Union Ministry of Health and Family Welfare.

279 deaths were reported in the last 24 hours taking the total death toll to 7,745.

The total number of active cases has reached 1,33,632 while 1,35,205 patients have recovered. While one person has migrated.

With 90,787 cases, Maharashtra reported the highest number of coronavirus cases in the country followed by Tamil Nadu with 34,914 cases.

According to the Indian Council of Medical Research (ICMR), 1,45,216 samples were tested in the last 24 hours while overall 50,61,332 samples have been tested so far.

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News Network
January 31,2020

New Delhi, Jan 31: Chief Economic Adviser K V Subramanian on Friday said India's GDP is expected to grow at 6-6.5 per cent next fiscal as the economic slowdown has bottomed out.

As per the first advance estimates released by the National Statistical Organisation (NSO), the country's economic growth is likely to hit an 11-year low of 5 per cent in the current fiscal ending March 2020.

The Economic Survey 2019-20, prepared by a team lead by Subramanian, has projected the GDP to expand in the range of 6-6.5 per cent during 2020-21.

The Indian economy has hit the bottom and it will see an uptick from here, he said in a media briefing post the Economic Survey.

Amidst a weak environment for global manufacturing, trade and demand, the Indian economy slowed down with GDP growth moderating to 4.8 per cent in the first half of 2019-20, lower than 6.2 per cent in H2 of 2018-19.

Based on NSO's first advance estimates of GDP growth for 2019-20 at 5 per cent, an uptick in GDP growth is expected in the second half of the fiscal, it said.

According to it, the uptick in second half of 2019-20 would be mainly due to ten positive factors like picking up of Nifty India Consumption Index for the first time this year, an upbeat secondary market, higher FDI flows, build-up of demand pressure, positive outlook for rural consumption, rebound of industrial activity, steady improvement in manufacturing, growth in merchandise exports, higher build-up of foreign exchange reserves and positive growth rate of GST revenue collection.

The survey also emphasised that merger of public sector banks may increase the financial strength of the merged entities, lower the risk aversion and result in lowering of lending rates.

Further, as the implementation of GST further settles down, the increased unification of the domestic market may reduce business costs and facilitate fresh investment.

Reforms in land and labour market may further reduce business costs, said the survey, presented a day before Sitharaman's Union Budget 2020-21.

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News Network
March 29,2020

Theni, Mar 29: A young man under home quarantine for coronavirus after return from Sri Lanka suddenly ran out of his house and fatally bit a 80-year old woman in his neighbourhood in a village near here, police said on Saturday.

The woman with injuries in her neck was hospitalised late Friday after the incident but died on Saturday without responding to treatment, they said.

The man, a resident of Jakkamanayakanpatti and engaged in seasonal business in clothing, was overpowered and handed over to police, who arrested him and investigations were on.

He had recently returned from Sri Lanka and directed to remain under quarantine by health authorities as per the protocol for foreign returnees to check coronavirus spread.

He came out of his house on Friday evening and all of a sudden, denuded himself and began running through the street.

Shocked family members including his father gave a chase even as he caught hold of Nachiyammal, seated on her house’s front yard and bit hard her neck.

The man’s kin overpowered him and admitted the woman to nearby Bodi Government Hospital where doctors on Saturday said she succumbed to her injuries, not responding to treatment. Health authorities were unavailable for comments immediately.

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