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
July 3,2020

New Delhi, Jul 3: India reported the highest ever single-day spike of 20,903 COVID-19 cases in 24 hours on Friday, said the Union Ministry of Health and Family Welfare.

With these new cases, India's coronavirus tally has risen to 6,25,544 cases of which 2,27,439 patients are active cases while 3,79,892 patients have been cured/discharged/migrated.

379 more deaths due to COVID-19 were reported in the country in the last 24 hours, taking the number of deaths due to the infection to 18,213.

As per the Health Ministry, Maharashtra -- the worst-affected state from the virus -- has a total of 1,86,626 cases including 8,178 fatalities while Tamil Nadu has 98,392 coronavirus cases in the state inclusive of 1,321 fatalities.

Delhi has reported 92,175 cases so far inclusive of 2,864 patients succumbing to the virus.

The Indian Council of Medical Research on Friday said that the total number of samples tested till July 2 is 92,97,749 of which 2,41,576 samples were tested on Thursday.

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Agencies
July 24,2020

Mumbai, Jul 24: Reliance India Limited (RIL) on Friday overtook ExxonMobil to become the world's second most valuable energy company and 46th among the world's largest companies by market capitalisation.

RIL's market capitalisation stood at Rs 14.16 lakh crore (USD 189.3 billion) at market close on Friday. ExxonMobil's current market value is USD 184.77 billion.

"Reliance Industries, with a market capitalisation of USD 189.3 billion now is the second-most valuable energy company in the world. Reliance Industries now stands at 46th among the world's largest companies by market capitalisation ahead of well-known names like ExxonMobil, Abbott Laboratories, Oracle Corp, Chevron and Unilever Plc, and just below PepsiCo," RIL said in an official release.

RIL continued its rally on Friday, notwithstanding overall weak market conditions.

RIL shares made a new all-time high of Rs 2,163 and were last traded at Rs 2,148.8 on NSE with a gain of 4.4 per cent. The market capitalisation of fully paid-up shares stands at Rs 13.62 lakh crore (USD 182.06 billion), the release said.

Reliance partly paid-up shares gained 9.33 per cent on NSE today to last trade at Rs 1289.95. The partly paid-up shares now have a market capitalisation of Rs 0.55 lakh crore (USD 7.29 billion).

"Reliance's share price had touched a bottom of Rs 867 on March 23, 2020, when the total market value of the company stood at Rs 5.5 lakh crore or $73.5 billion. Thus, RIL has added $115.9 billion to shareholder wealth within just four months - one of the highest value creation feats in the world in such a short time," the release said.

Reliance had earlier raised Rs 212,809 crore through Rights Issue, combined investments in Jio Platforms and investment by bp.

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Agencies
July 7,2020

Bhopal, Jul 7: Anil Mishra, personal assistant to BJP Rajya Sabha MP Jyotiraditya Scindia, has tested positive.

He has been accompanying Scindia throughout his tours post-corona infection.

His contact trail is longer than that of Scindia. He has been in touch with Chief Minister Shivraj Singh Chouhan.

Mishra was present during Scindia's meetings with the MLAs and the swearing in ceremony of the MP ministry on July 2.

BJP sources say there is concern over the possible list of people who will be put in isolation to check the spread of the virus.

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