Judiciary, EC being torn apart under BJP govt: Rahul

Agencies
August 26, 2018

London, Aug 26: Congress president Rahul Gandhi on Saturday alleged that the judiciary and election commission were being "torn apart" under the BJP government and Prime Minister Narendra Modi was keeping mum on grave issues confronting the nation.

Addressing the Indian Overseas Congress in London, he said the Prime Minister insulted every Indian by saying that nothing had happened in the last 70 years.

"India shows the future to the world. The people of India made this possible, and the Congress helped them," he said.

"If the Prime Minister says nothing had happened before he assumed office, he is not commenting on the Congress, he is insulting every person of the country," Gandhi said.

He alleged that at present, Dalits, farmers, tribal people, minorities, the poor in India are told they will not get anything, and "if they raise their voice, they are beaten up".

The SC/ST Prevention of Atrocities Act has been "destroyed, and scholarships have been discontinued", he claimed.

"Today in India, people are discriminated against on the basis of caste and religion. Marginalised are betrayed, while people like Anil Ambani benefit," he alleged.

Attacking the Bharatiya Janata Party-led government on the Rafale deal, Gandhi said that the Hindustan Aeronautics Limited had been manufacturing aircraft for the last 50 years, but the contract was given to "someone who floated his company just 19 days before the deal".

"Nobody will get anything. Only Ambani will get everything. This man has accrued a debt of Rs 45,000 crore," the Congress president alleged.

Gandhi has been attacking the BJP government for allegedly inking the deal at a much higher price than the one the previous UPA regime had negotiated to benefit "one businessman".

Facing allegations of getting undue benefits from the multi-billion dollar Rafale deal, Anil Ambani-led Reliance Group has sent legal notices to several Congress leaders asking them to "cease and desist" from levelling such charges.

Reliance Group has denied the allegations relating to the deal under which France's Dassault is supplying the fighter jets and has entered into a joint venture with an Anil Ambani-led group firm to meet its offset requirement of the contract.

Ambani recently wrote to Gandhi on the deal saying his party has been "misinformed, misdirected and misled" by "malicious vested interests and corporate rivals" on the issue.

Gandhi said, "When the farmers of Karnataka and Telangana ask for loan waiver, PM Modi says this is not our policy. India's handful of richest businessmen have NPAs of Rs 12.5 lakh crore, but the Prime Minister says nothing."

He alleged that the Prime Minister kept quiet "when his own party's MLA raped a woman and when Nirav Modi ran away with people's money."

"Institutions such as the Supreme Court, Election Commission, Reserve Bank of India, which are the walls of our country, are being torn apart now," he alleged.

It was the first time that four senior-most judges of the apex court come out in public earlier this year to say they were not being allowed to work, he said.

"I do not use bad language for the Prime Minister. And if you have listened to the debate on the Rafale deal in Parliament, you would have seen that the PM could not answer my questions," he said.

Gandhi said China creates 50,000 jobs a day, while India creates only 450, and unemployment was a pressing issue.

"Our farmers need help. Our youth needs education, elderly people need health care. But, there is no discussion on the issues of farmers, education and healthcare," he said.

Lauding the contribution of non-resident Indians in the development of the country, he said, "Mahatma Gandhi, Sardar Patel, B R Ambedkar, Jawaharlal Nehru were all NRIs. They travelled the world and helped India with new perspectives."

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MR
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Monday, 27 Aug 2018

Rahul is our only hope for India

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News Network
February 1,2020

New Delhi, Feb 1: India on Friday banned the export of personal protection equipment such as masks and clothing amid a global coronavirus outbreak.

It did not give a reason for the ban but it reported its first case of the new coronavirus on Thursday, a woman in Kerala who was a student of Wuhan University in China.

The central Chinese city of Wuhan is the epicentre of the outbreak, and the virus has since spread to more than 9,800 people globally and killed 213 people in China.

Several Indian citizens living in Wuhan will arrive in India by plane on Saturday and be taken to a quarantine centre on the outskirts of the capital New Delhi.

India, the world’s second most heavily populated country after China, has taken measures to ensure that all people arriving from China report to health authorities.

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News Network
July 16,2020

New Delhi, Jul 16: With India's economic growth sputtering, the Reserve Bank of India was expected to maintain a rate-cutting cycle, but an uptick in near-term inflation could give the central bank's Monetary Policy Committee reason to pause for now.

Having cut its key lending rate by an aggressive 115 basis points (bps) in 2020, on top of 135 bps cuts in 2019, the RBI so far has had little success in spurring credit growth amid varying degrees of lockdowns across India.

Some economists and market insiders argue it may be prudent for the MPC, the policy committee, to hold its fire when it meets early next month.

"It's probably too early to administer a demand stimulus. The RBI still has room to cut rates, but we probably want to be more cautious of the timing," said Venkat Pasupuleti, portfolio manager at Dalton Investments.

"Maybe they should wait a quarter to see how things pan out once the lockdown situation is eased further."

Market participants have factored in at least a 25 bps rate cut by the MPC on August 6 while analysts are predicting a total 50-75 bps cuts over the rest of the fiscal year that runs to March 31.

The spike in the retail inflation rate above the RBI's mandated 2%-4% target range is another reason for the central bank to take a breather, analysts say.

Annual retail inflation rose to 6.09% in June, compared to 5.84% in March and sharply above a 5.30% median forecast in a Reuters poll of economists.

Rahul Bajoria, an economist at Barclays, said the spike in both consumer and wholesale prices "could lead to a tempering in enthusiasm for material front-loaded policy support from here on."

Almost all economists however agreed the RBI cannot move away from its accommodative stance or call an end to the rate cutting cycle just yet.

India's economy grew at 3.1% in the March quarter - an eight year low - and some economists have predicted a contraction of more than 20% in the June quarter and a contraction of up to 5% in the fiscal year.

"Even in the event of a pause, we think the RBI and MPC would want to hold out the promise of more cuts," said A. Prasanna, economist with ICICI Securities.

RBI Governor Shaktikanta Das said in a recent speech the need of the hour is to restore confidence, preserve financial stability, revive growth and recover stronger, suggesting inflation concerns are unlikely to deter the downward trajectory for rates too soon.

"The August policy decision would boil down to a judgment call over whether RBI can maintain easy monetary and financial conditions without the aid of a token rate cut," Prasanna said. 

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News Network
July 21,2020

New Delhi, Jul 21: Prime Minister Narendra Modi and President Ram Nath Kovind on Tuesday condoled the demise of Madhya Pradesh Governor Lalji Tandon.

Tandon, 85, passed away at 5:35 am on Tuesday after a prolonged illness.

Taking to Twitter, Prime Minister Modi posted a picture with Madhya Pradesh Governor and wrote, "Shri Lalji Tandon will be remembered for his untiring efforts to serve society. He played a key role in strengthening the BJP in Uttar Pradesh. He made a mark as an effective administrator, always giving importance of public welfare. Anguished by his passing away."
"Shri Lalji Tandon was well-versed with constitutional matters. He enjoyed a long and close association with beloved Atal Ji. In this hour of grief, my condolences to the family and well-wishers of Shri Tandon. Om Shanti," he added.

President Kovind expressed condolences saying that we have lost a legendary leader today.

"In the passing away of Madhya Pradesh Governor Shri Lal Ji Tandon, we have lost a legendary leader who combined cultural sophistication of Lucknow and acumen of a national stalwart. I deeply mourn his death. My heartfelt condolences to his family and friends," he tweeted.

His last rites will be performed at Gulala Ghat in Lucknow at 4:30 pm today.

Tandon was admitted to a hospital after complaining of breathing problems, difficulty in urination and fever. He has been undergoing treatment since June 11. 

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