Budget 2016: Modi govt will not be able to fool farmers with hollow promises, says Opposition

March 1, 2016

New Delhi, Mar 1: Opposition on Monday dubbed as "mere rhetoric" projection of the budget as pro-poor and said government will not be able to "fool" farmers with "hollow promises".

rahulPredictably, BJP hailed the budget calling its measures for rural India "historic".

In a sharp attack on the government, Congress said it has "failed to create an immediate stimulus" to address economic challenges including employment generation with former Prime Minister Manmohan Singh holding that it lacked any "big idea".

Asserting that the budget was short of both "vision and conviction", party Vice President Rahul Gandhi said a list of new promises have been made without any account of the "failure of tall promises made in last two budgets".

"Modiji spent the first two years mocking the Congress Party's focus on farmers, MNREGA, Rural dev & social spending. Now mere rhetoric, without vision or action, will fool neither farmers nor the poor of this country," Gandhi tweeted.

He, however, thanked Finance Minister Arun Jaitley for accepting his recommendation on removing import duty on Braille paper which will help the visually impaired.

Criticising the budget, CPI(M) general secretary Sitaram Yechury said it was full of "hollow promises" and will burden commoners who will feel the pinch of hike in indirect tax.

"As with the previous two budgets, this budget of the Modi govt is again full of hollow promises and slogans. The numbers just don't add up.

"FM says budget is about fulfilling 'desires & dreams' but it has no vision. The dead certainty from it is of a shrinking economy," Yechury said in a series of tweets.

On his part, BJP chief Amit Shah praised the budget saying its focus on rural India and farmers besides other measures were "historic". Shah asserted that this is the first budget since Independence that has focused so much on "villages, farmers and poor".

"The thrust of the budget is towards strengthening rural and agriculture sectors and boosting employment-generation....

There is a lot of focus on agriculture. There is a proposal to double farmers' income by 2022," Shah told reporters.

He cited the allocation of Rs 2.70 lakh crore to local bodies, decision to electrify all villages by May 01, 2018 and allocation of over Rs 19,000 crore for Pradham Mantri Gram Sadak Yojna to emphasise the focus on rural India.

National Conference leader and former Chief Minister of Jammu and Kashmir Omar Abdullah tweeted "By not focusing the benefits of #UnionBudget2016 on the #suitboot people @arunjaitley has cleverly made the opposition's job a bit tougher."

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News Network
June 21,2020

New Delhi, June 21: India today recorded the highest single-day spike in infections so far with 15,413 new cases reported in the last 24 hours. The total number of positive cases in India touched 4.11 lakh on Sunday.

As per the Ministry of Health data, the total number of coronavirus cases stands at 4,10,461 cases which include 1,69,451 active cases, 2,27,756 recovered/migrated cases, and 13,254 deaths as per the Ministry of Health data.

With 1,28,205 confirmed cases of COVID-19 so far, Maharashtra remains the worst-affected state in the country, followed by Tamil Nadu with 56,845 and Delhi 56,746. 

Delhi reported its highest single-day increase of 3,630 new coronavirus cases. With this, the state’s tally rose to 56,746. The toll rose to 2,112 with 77 deaths. As many as 7,725 people recovered, taking the total recoveries to 31,294.

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News Network
March 9,2020

Mumbai, Mar 9: India's Yes Bank will not be merged with State Bank of India, which is set to infuse funds in the beleaguered lender, the newly appointed administrator leading the rescue plan said in a television interview on Monday.

"There is absolutely no question of a merger," Prashant Kumar, the administrator, told the CNBC TV18 channel.

The Reserve Bank of India (RBI) on Thursday took control of Yes Bank, after the lender - which is laden with bad debts - failed to raise the capital it needs to stay above mandated regulatory requirements.

Placing Yes Bank under a 30-day moratorium, the central bank imposed limits on withdrawals to protect depositors and said it would work on a revival plan. The move spooked depositors, who rushed to withdraw funds from the bank.

Kumar, a former finance chief at SBI, assured depositors their money was safe and that the moratorium on Yes Bank might be lifted much before the deadline on April 3 and normal banking operations might resume as early as Friday.

He also mentioned that the withdrawal limit of Yes Bank may be removed by March 15, 2020.

SBI Chairman Rajnish Kumar said on Saturday the state-run bank would need to invest up to 24.5 billion rupees ($331 million) to buy a 49% stake in Yes Bank as part of the initial phase of the rescue deal, adding that the survival of troubled lender was a "must".

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News Network
March 30,2020

New Delhi, Mar 30: Prime Minister Narendra Modi on Monday interacted with Indian ambassadors and high commissioners abroad and urged them to remain alert to developments in global efforts against COVID-19 including breakthroughs to help the country's fight against the coronavirus.

External Affairs Minister S Jaishankar and Foreign Secretary Harsh Vardhan Shringla were also present during the interaction through video-conferencing.

"Coming together for India PM interacted with Indian Ambassadors/High Commissioners abroad and urged them to remain alert to developments in global efforts against COVID-19 including breakthroughs to help our national efforts to fight COVID19," External Affairs Ministry spokesperson Raveesh Kumar said in a tweet.

"PM appreciated the efforts of our missions in helping Indians abroad, in particular, students and workers," he added.

The number of positive coronavirus cases in the country stood at 1,071 on Monday. It includes 29 deaths and 99 people, who have been cured of the highly contagious virus.

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