Cong practises vote bank politics, divides to rule: PM

Agencies
October 6, 2018

Ajmer, Oct 6: In a scathing attack Saturday on the Congress, Prime Minister Narendra Modi accused the opposition party of practising vote bank politics and dividing people to get into power.

The prime minister made the charge at a rally here just ahead of the announcement of assembly election dates for Rajasthan and four other states in November and December.

He asked people not to let the Congress get into power again.

Modi said vote bank politics is not limited to elections now.

Political parties which do vote bank politics divide the bureaucracy when they are in power and this badly affects governance, he said.

They allocate the budget as per vote bank politics and therefore overall development does not happen, he said at the meeting which marked the end of Rajasthan Chief Minister Vasundhara Raje's state-wide political `yatra'.

The Congress has established this tradition in the past 60 years, Modi said.

"With great difficulty, the country has picked the right direction now after 60 years. Don't give them another chance again, he said.

He said the Congress leaders' high command is a family and they can do politics only be revering it.

He accused the party low-level politics.

The Congress leaders were questioning the surgical strikes by the Army across the Line of Control two years ago and insulting soldiers, he said.

They should be ashamed of indulging in such politics, Modi said.

The rally marked the end of Raje's Rajasthan Gaurav Yatra', an outreach exercise by the Bharatiya Janata Party.

The prime minister's rally ended shortly before the Election Commission's press conference in Delhi announcing the polling dates for Rajasthan, Madhya Pradesh, Chhattisgarh, Mizoram and Telangana.

Rajasthan will go to the polls on December 7. Counting will take place in all five states on December 11, the EC announced.

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News Network
January 18,2020

Kanpur, Jan 18: Kanpur has witnessed an Unnao-like incident as the out on bail accused in rape case attack the family members of the victim. The mother of the victim, who later died in the hospital, was brutally attacked by the accused. The accused reportedly attacked the victim's mother and her aunt on January 8.

The actual rape case goes back to 2018 when a group of men abducted a minor girl from her own society. The accused had reportedly raped her and also beaten up her mother.

A video of mother being beaten up reportedly went viral soon after.

The mother of the victim had reportedly filed a complaint against one of the accused for abducting and molesting her daughter two years ago at a tannery falling under jurisdiction of Chakeri police station. The main accused along with five others was booked under section 354 of the IPC (sexual assault of children) and sent to jail. Around two weeks ago, the accused got bail and on January 9 they attacked the deceased and her sister.

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Agencies
January 21,2020

New Delhi, Jan 21: With the IMF lowering India's economic growth estimate for the current fiscal to 4.8 per cent, senior Congress leader P Chidambaram on Tuesday claimed an attack on the world body and its chief economist Gita Gopinath by government ministers was imminent.

He also alleged that the growth figure of 4.8 per cent given by the International Monetary Fund (IMF) is after some "window dressing" and he won't be surprised if it goes even lower.

"Reality check from IMF. Growth in 2019-20 will be BELOW 5 per cent at 4.8 per cent," Chidambaram said in a series of tweets.

"Even the 4.8 per cent is after some window dressing. I will not be surprised if it goes even lower," the former finance minister said.

IMF Chief Economist Gopinath was one of the first to denounce demonetisation, he noted.

"I suppose we must prepare ourselves for an attack by government ministers on the IMF and Dr Gita Gopinath," Chidambaram said.

The IMF lowered India's economic growth estimate for the current fiscal to 4.8 per cent and listed the country's much lower-than-expected GDP numbers as the single biggest drag on its global growth forecast for two years.

In October, the IMF had pegged India economic growth at 6.1 per cent for 2019.

Listing decline in rural demand growth and an overall credit sluggishness for lowering of India forecasts, Gopinath, however, had said the growth momentum should improve next year due to factors like positive impact of corporate tax rate reduction.

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News Network
January 13,2020

New Delhi, Jan 13: Walmart, the world’s largest retailer, has fired around 50 of its India executives as part of its restructuring in the country, three sources with direct knowledge said.

The move underscores the struggles Walmart has faced in expanding its wholesale business in India. The Bentonville, Arkansas based company currently operates 28 wholesale stores where it sells goods to small shopkeepers, and not to retail consumers.

The firings mostly affected executives in the company’s real estate division because the growth in the wholesale model has not been that robust, two of the sources said.

“It’s happening because focus is shifting to e-commerce rather than physical (stores),” said one source, who declined to be identified as the decision is not public.

Walmart did not respond to a request for comment.

Walmart has placed bold bets on India’s e-commerce sector. In 2018, it paid $16 billion to acquire a majority stake in India’s online marketplace Flipkart, in its biggest global acquisition.

The second source added that while Walmart could slow down the pace of opening new wholesale stores, the focus will increasingly be on boosting sales through business-to-business and retail e-commerce.

Some of the executives were sacked last week and more could be let go on Monday, two sources said.

In a statement to India’s Economic Times newspaper, which first reported the news, Walmart said it was always looking for ways to operate more effectively and that “this requires us to review our corporate structure to ensure that we are organized in the right way to best meet the needs of our members.”

Walmart has around 600 staff in its India head office out of a total of around 5,300 nationally, one of the sources said.

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