Chidambaram hits out at BJP, Narendra Modi at Davos

January 22, 2014

ChidambaramDavos, Jan 22: As India prepares for elections, Finance Minister P Chidambaram today hit out at BJP terming its economic policies as retrograde and "blood-eyed" and asked why the Opposition Party's Prime Ministerial candidate Narendra Modi never fielded a Muslim candidate.

He also expressed confidence that Rahul Gandhi would be Prime Minister if Congress comes back to power, saying the young leader as enough "fire in his belly" for the post, although it was unlikely that any party would get majority and polls were likely to throw a "very very fractured mandate".

Speaking at the World Economic Forum (WEF) Annual Meeting here, Chidambaram also took dig at Aam Aadmi Party, saying there was no place for mob-democracy in India and the country was a party-based democracy where individuals can not be bigger than a party.

On BJP being anti-muslim, Chidambaram said some sections of Muslim people may have voted for BJP, as Narendra Modi himself claims, but the fact is that Modi has never fielded any Muslim candidate ever in any election in his state. "What does that mean," he wondered.

When asked why doesn't he join BJP, Chidambaram said BJP does not represent all sections of India and it does not even have presence in many parts of the country."It has got policies that would destroy the very idea of India. Their's a blood-eyed economic model," he said.

Asked about the next Prime Minister, Chidambaram said, "nothing is impossible, but it is unlikely because Congress party is clear that if Congress is in position to form a government it will be headed by Rahul Gandhi".

In 2004 Sonia Gandhi was elected leader, but the next day she declined and another leader was chosen. That model has worked, but that does not mean that we will have same model again, he said.

"If Congress is called to form the government, I'm pretty certain in my mind that Rahul Gandhi will be the Prime Minister," he said.

Asked whether Rahul Gandhi had enough fire in his belly for the PM post, Chidambaram said: "There was enough fire in his belly when he spoke at the AICC meeting".

On upcoming general elections, Chidambaram said it may be an unfortunate event that no party is a clear winner and no one gets majority, as the elections are likely to throw a very fractured mandate.

Meanwhile, the Finance Minister said that unravelling of AAP has already begun within weeks of it coming to power in Delhi and it remains to be seen whether an "urban rejection" of mainstream parties that was seen in Delhi elections would be replicated in other parts of the country.

"One time that Mrs Gandhi stumbled and brought in an authoritative model that was at the time of Emergency, it failed and she had to go back," Chidambaram said.

In Delhi elections the rejection was for both Congress and BJP, he said, adding that one was ruling the state government and the other municipal bodies.

"But it is just a few weeks and we are seeing an unravelling of the Aam Aadmi Party," he said.

Saying that he was not privy to discussions in the state party unit regarding support to AAP, Chidambaram said Congress party was divided in its decision to give outside support to AAP and it was one section favouring the support that prevailed.

Responding to a query on how BJP can be described as following 'blood-eyed' economic model when factories were not being destroyed in Gujarat and businessmen were happy, Chidambaram said it is not about destroying factories.

Giving examples, he said that BJP is opposing multi brand retail on premise that it would kill jobs, while the fact was just the opposite.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
May 4,2020

New Delhi, May 4: The country's manufacturing sector activity witnessed unprecedented contraction in April amid national lockdown restrictions, following which new business orders collapsed at a record pace and firms sharply reduced their staff numbers, a monthly survey said on Monday.

The headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) fell to 27.4 in April, from 51.8 in March, reflecting the sharpest deterioration in business conditions across the sector since data collection began over 15 years ago.
The index slipped into contraction mode, after remaining in the growth territory for 32 consecutive months.

In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction.

Amid widespread business closures, demand conditions were severely hampered in April. New orders fell for the first time in two-and-a-half years and at the sharpest rate in the survey's history, far outpacing that seen during the global financial crisis, the survey said.

"After making it through March relatively unscathed, the Indian manufacturing sector felt the full force of the coronavirus pandemic in April," said Eliot Kerr, Economist at IHS Markit.
Panellists attributed lower production to temporary factory closures that were triggered by restrictive measures to limit the spread of COVID-19.

Export orders also witnessed a sharp decline. Following the first reduction since October 2017 during March, foreign sales fell at a quicker rate in April. "In fact, the rate of decline accelerated to the fastest since the series began over 15 years ago," the survey said.

On the employment front, deteriorating demand conditions saw manufacturers drastically cut back staff numbers in April. The reduction in employment was the quickest in the survey's history.

"In the latest survey period, record contractions in output, new orders and employment pointed to a severe deterioration in demand conditions.
“Meanwhile, there was evidence of unprecedented supply-side disruption, with input delivery times lengthening to the greatest extent since data collection began in March 2005," Kerr said.

On the prices front, both input costs and output prices were lowered markedly as suppliers and manufacturers themselves offered discounts in an attempt to secure orders.

Going ahead, sentiment regarding the 12-month outlook for production ticked up from March's recent low on hopes that demand will rebound once the COVID-19 threat has diminished and lockdown restrictions eased.

"There was a hint of positivity when looking at firms' 12-month outlooks, with sentiment towards future activity rebounding from March's record low. That said, the degree of optimism remained well below the historical average," Kerr said.

In India, the death toll due to COVID-19 rose to 1,373 and the number of cases climbed to 42,533 as on Monday, according to the health ministry.

Meanwhile, the coronavirus-induced lockdown has been extended beyond May 4, for another two weeks in the country.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
March 28,2020

Amaravati, Mar 28: The state governments of Andhra Pradesh and Karnataka carried out a joint quarantine operation to help over a thousand migrant labourers from various districts of Andhra Pradesh.
The Andhra Pradesh administration received the information that 1,334 migrant labourers were trying to return to the state after obtaining passes from the Deputy Director of Fisheries in Mangalore, Karnataka.
The labourers, according to a press release by the Andhra Pradesh government, were headed towards the Nangili Toll Plaza in Kolar district, from where they would enter the state to return to their native places.
"The Chittoor Collector, Superintendent of Police and Sub-Collector rushed to the spot to coordinate with their counterparts from Kolar, Karnataka. The migrant workers were not permitted to enter AP due to the lockdown and the guidelines of the Union as well as state government," according to the release.
Instead, both the governments decided to initiate a joint quarantine operation in Kolar while taking precautionary measures to ensure that none of the labourers are carriers of the COVID-19 infection.
The Andhra government also reassured the Kolar administration that it will provide doctors, healthcare and all other facilities. It has also issued directions for logistical support, food, water, transport to take the labourers to quarantine facility, and medical team, consisting of 12 doctors, 22 supervisors and other staff, to be provided.
While the Prime Minister had imposed a nationwide lockdown, including the suspension of inter-state travel to prevent the spread of coronavirus, migrant workers and labourers around the country have started returning back to their native places fearing joblessness and cash crunch.
Andhra Pradesh as of Saturday 9:30 am, had 14 confirmed cases of coronavirus while Karnataka's count stood at 55, according to the Ministry of Health and Family Welfare.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
April 19,2020

New Delhi, Apr 19: The government on Sunday prohibited the sale of non-essential items through e-commerce platforms during the ongoing lockdown, four days after allowing such companies to sale mobile phones, refrigerators and ready-made garments.

Union Home Secretary Ajay Bhalla issued an order excluding the non-essential items from sale by the e-commerce companies from the consolidated revised guidelines, which listed the exemption given to the services and people from the purview of the lockdown.

The order said the following clause "E-commerce companies. Vehicles used by e-commerce operators will be allowed to ply with necessary permissions" is excluded from the guidelines.

The previous order had said such items were allowed for sale through e-commerce platforms from April 20.

However, the reason for reversing the order is not known immediately.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.