Cong releases manifesto with focus on jobs, farmers

Agencies
April 2, 2019

New Delhi, Apr 2: The Congress on Tuesday released its manifesto for the Lok Sabha polls, making a slew of promises, including giving Rs 72,000 each to five crore poor families under the 'Nyay' scheme, filling up 22 lakh government vacancies, bringing a separate budget for farmers and fixing a single moderate GST rate.

The 55-page document titled 'Hum Nibhayenge' (We will deliver) focused on addressing the issues of joblessness, farm distress, safety of women and boosting the rural economy, with stress on building a narrative on "real issues" faced by people.

The manifesto was released by party president Rahul Gandhi, former prime minister Manmohan Singh, UPA chairperson Sonia Gandhi and senior leader P Chidambaram among others.

For farmers, Congress promised to put them on the path from "Karz Maafi" (loan waiver), to "Karz Mukti" (freedom from loans).

This will be done through remunerative prices, lower input costs, and assured access to institutional credit, the party said, adding it will present a separate "Kisan Budget" every year, if voted to power.

Speaking on the occasion at the Congress headquarters here, Gandhi said the Congress will allocate 6 per cent of GDP to education, strengthen government hospitals and give high-quality healthcare access to poor if voted to power.

The party also promised to enact the Right to Healthcare Act and guarantee every citizen free diagnostics, out-patient care, free medicines and hospitalisation, through a network of public hospitals and enlisted private hospitals.

The Congress president alleged that the BJP government had spread hate and divisiveness in its five year rule and his party will work towards uniting India by bringing people together.

"Our manifesto process reflects our commitment to a higher vision, that of listening to the 'jan awaaz'. It is not the 'mann ki baat' of one individual but the collective voice of lakhs of people," he said in a preface of the manifesto.

With this manifesto, Gandhi said the Congress has offered to people "the only national alternative -- a distinct alternative that is unwavering in its commitment to truth, freedom, dignity, self-respect and prosperity for our people."

He promised to make India "strong and united, and a just and prosperous society".

On the party's showpiece minimum income guarantee scheme or Nyuntam Aay Yojana (NYAY), the party's manifesto promised to give Rs 72,000 per year to the poorest 20 per cent households in India.

To the youth of India, Congress pledged to make jobs its top priority, saying it will ensure 34 lakh jobs in the public sector by filling all 4 lakh central government vacancies before March 2020, persuading the state governments to fill 20 lakh vacancies and creating an estimated 10 lakh new Seva Mitra positions in every gram panchayat and urban local bodies.

The party said it will also provide a fillip to private sector by incentivising businesses for jobs creation and employing more women.

On GST tax, the Congress said it will radically simplify the GST regime with a single moderate rate of tax, zero rating of exports, and exemption for essential goods and services.

It also promised panchayats and municipalities a share of GST revenues.

The Congress, it said, will reverse the trend of declining defence spending under the NDA government, and increase it to meet the requirements of the Armed Forces.

"We will expedite all modernisation programmes of the Armed Forces in a transparent manner. We will improve social security, education and health facilities for our Paramilitary Forces and families," the party said.

On education, Congress promised that school education from Class I to Class XII in public schools shall be compulsory and free.

The party promised to pass in the first session of the 17th Lok Sabha the Women's Reservation Bill reserving 33 percent of seats for women in the Lok Sabha and the State Legislative Assemblies.

"Congress will also reserve 33 percent of all posts/vacancies in the Central government for women," it said.

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News Network
July 2,2020

New Delhi, Jul 2: India's COVID-19 tally breached the 6 lakh cases mark with 19,148 new coronavirus cases being reported in the last 24 hours, informed the Union Ministry of Health and Family Welfare on Thursday.

The total cases now stand at 6,04,641 of which there are 2,26,947 active cases while 3,59,860 patients have been cured/discharged/migrated.

434 deaths have been reported in the last 24 hours taking the number of COVID-19 deaths in the country to 17,834.

Maharashtra, the worst-hit state, has a total of 1,80,298 cases including 8,053 fatalities. Meanwhile, Tamil Nadu has 94,049 cases inclusive of 1,264 deaths.

Delhi has 89,802 coronavirus cases including 2,803 deaths.

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News Network
June 1,2020

Jun 1: Gold prices rose on Monday as riots in major U.S. cities rattled investors already reeling from strained Sino-U.S. relations and boosted demand for the safe-haven metal, with a weaker dollar lending further support.

Spot gold gained 0.8% to $1,739.75 per ounce by 0242 GMT. U.S. gold futures ticked up 0.1% to $1,752.60.

"Concerns about the unrest in the United States at the moment appear to be weighing on market sentiment," said Michael McCarthy, chief strategist at CMC Markets, adding that rising tensions between the world's top two economies provided further support to gold.

Protesters have flooded the streets in the United States over the death of George Floyd in police custody, in a wave of outrage sweeping a politically and racially divided nation.

The closely packed crowds and demonstrators not wearing masks have sparked fears of a resurgence of COVID-19, which has killed more than 101,000 Americans.

In Asia, China's state media and the government of Hong Kong lashed out on Sunday at U.S. President Donald Trump's pledge to end Hong Kong's special status if Beijing imposes new national security laws on the city.

Gold is often used as a safe store of value during times of political and financial uncertainty.

Indicative of sentiment, holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.3% to 1,123.14 tonnes on Friday, a fresh seven-year high.

Further supporting gold's appeal, the dollar index fell 0.4% against its rivals.

Elsewhere, silver jumped 2% to $18.20 per ounce, its highest since Feb. 26, before retreating slightly to trade 1.8% higher at $18.16.

Speculators cut their bullish positions in COMEX gold and increased them in silver contracts in the week to May 26, the U.S. Commodity Futures Trading Commission said on Friday.

Palladium rose 0.7% to $1,958.25 per ounce, while platinum declined 0.3% to $835.56.

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News Network
February 3,2020

Bengaluru, Feb 3: India's manufacturing activity expanded at its quickest pace in nearly eight years in January with robust growth in new orders and output, a private survey showed on Monday, suggesting the economy may be getting back on firmer footing.

In response to the jump in sales, factories hired new workers at the fastest rate in more than seven years.

If sustained, the improvement in business conditions could point to a gradual economic recovery in coming months, as forecast by analysts in a Reuters poll last month, after growth slowed to a more than six-year low in the July-September quarter.

The Nikkei Manufacturing Purchasing Managers' Index , compiled by IHS Markit, jumped to 55.3 last month from 52.7 in December. It was the highest reading since February 2012 and above the 50-mark separating growth from contraction for the 30th straight month.

"The PMI results show that a notable rebound in demand boosted growth of sales, input buying, production and employment as firms focused on rebuilding their inventories and expanding their capacities in anticipation of further increases in new business," Pollyanna De Lima, principal economist at IHS Markit, said in a news release.

A new orders sub-index that tracks overall demand hit its highest level since December 2014 and output grew at its fastest pace in over seven and a half years, pushing manufacturers to hire at the strongest rate since August 2012.

Meanwhile, both input costs and output prices rose at a slower pace, indicating overall inflation may have eased after hitting a more than five year high of 7.35% in December, although probably not below the Reserve Bank of India's medium-term target of 4%.

That might keep the central bank, which cut its key interest rate by a cumulative 135 basis points last year, on the sidelines over the coming months.

"To complete the good news, there was also an uptick in business confidence as survey participants expect buoyant demand, new client wins, advertising and product diversification to boost output in the year ahead," added De Lima.

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