Corporate tax cuts a ‘panic reaction’ to tide over choppy Sensex: Congress 

Agencies
September 21, 2019

New Delhi, Sept 21: The Congress on Friday termed the corporate tax cut a "panic reaction" by the government and linked it to the 'Howdy Modi' event in Houston, with Rahul Gandhi saying he is amazed at what Narendra Modi can do for a "stock market bump" before the diaspora programme.

The opposition party also claimed that the Modi 2.0 dispensation has turned out to be an "economic and political disaster" and "constant rollbacks" of economic decisions will lead to worsening of the economic situation.

Congress' chief spokesperson Randeep Surjewala said the latest announcement by BJP government slashing corporate tax worth Rs 1,45,000 crore a year is another "panic reaction to tide over choppy Sensex index, but its implications and substantive issues need to be answered by the Prime Minister and the Finance Minister not through event management but sound economic management".

"This government's path is event management and economic mismanagement. Due to this path, clouds of economic slowdown are hovering over the country. The BJP government is now recognised by slowdown and lockdown," he said.

Questioning the timing of the corporate tax cut announcement, the opposition party alleged that it has been dictated by Modi's 'HowdyModi' event in the United States.

Terming 'HowdyModi' the "world's most expensive event ever", Rahul Gandhi said he is "amazed" at what Prime Minister Modi is ready to do for a stock market bump ahead of the US event.

"Amazing what PM is ready to do for a stock market bump during his Howdy Indian Economy jamboree. At + 1.4 Lakh Crore Rs. the Houston event is the world's most expensive event, ever! But, no event can hide the reality of the economic mess 'HowdyModi' has driven India into (sic)," Gandhi said on Twitter.

The Congress party said on its official Twitter handle, "The constant rollbacks and erratic decisions taken by this government may give the impression of progress through stock market bumps but will further decrease investor confidence and lead to worsening of the economic situation in the country."

Congress senior spokesperson Anand Sharma said Finance Minister's announcements is yet another "knee-jerk" reaction to arrest a "massive" economic slowdown.

"Decision-making cannot be swinging from one extreme, from surcharge to rollback and now slashing of Corporate Tax.

"The Finance Minister should know that this will neither induce private investments nor boost private demand or consumption. The way forward was upfront public investment. From monumental mismanagement of the economy, the government is desperate to deflect and manage headlines," Sharma said.

Congress leader Jairam Ramesh welcomed the reductions but expressed doubts on whether the step will revive investment. Asking if it was the prime minister's "trump card", he said the government's move does nothing to dispel the fear that pervades India Inc.

"A headline-itis afflicted, panic-stricken Modi Sarkar has cut corporate tax rates less than 3 months after a Budget and 4 months before the next one. This is welcome but it is doubtful whether investment will revive. This does nothing to dispel fear that pervades in India Inc," Ramesh said on Twitter.

"Timing of FM announcement dictated by #HowdyModi event. PM can now say, 'I have come to Texas promising lower Taxes'. Is this his 'trump card'?," he asked.

Surjewala alleged that Finance Minister Nirmala Sitharaman and her colleagues are marred by "bankruptcy of ideas" to revive the ailing economy.

"Economic mismanagement, herculean blunders and daily bloopers have cast a shadow upon the economic stability and direction of the country," he said at a press conference.

He also asserted that the worst sufferers of the economic recession are the salaried people, the middle class, the youth, small shopkeepers and small and medium businesses.

"While corporate tax has been slashed by 27% (i.e., 30% tax slab to 22% tax slab), why has a single penny of relief not been given to the honest taxpayers, who bear the actual brunt of the economic mess created by the BJP government?" he asked.

"The Modi government 2.0 has turned out to be an economic and political disaster for India. The looming economic crisis is fast turning into 'BJP-Made Economic Anarchy," he said.

Prime Minister Modi and Finance Minister Sitharaman must understand that stimuli does not help beyond a certain level, Surjewala said.

"What the economy requires is sound leadership, mature thinking, financial prudence, fiscal discipline and honesty of purpose. The BJP government lacks all of these," he alleged.

"The Modi government 2.0 is - 'one step forward, three steps backward'. Prime Minister and Finance Minister are dealing with economy and livelihood in fits and starts like fledgling novices. Net result is falling GDP, failing exports, shutting down of industry and businesses and loss of millions of jobs," the Congress leader alleged.

"The experimental Prime Minister and the greenhorn Finance Minister" need to tell the nation as to where will the resources to compensate the revenue loss of Rs 1,45,000 crore come from," he asked.

The government on Friday slashed the corporate tax rates for companies.

Surjewala also raised the question as to how will a "run-away" deficit be checked and why were the Prime Minister and Finance Minister making a "mockery" of the entire budget exercise.

He said the budget proposals approved by Parliament have either been rejected or amended or rolled back.

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News Network
June 17,2020

New Delhi, 17: Tensions on the Indo-China border have spiked to the highest since 1962 after over 20 troops, including an Indian commanding officer, were killed in the face-off in Galwan valley that has seen a six-week long standoff underway with the Peoples Liberation Army.

The Army said that the soldiers – including the Commanding Officer of 16 Bihar regiment in charge of the area – died while a `de-escalation process’ was underway. Sources said that this death toll could rise up as some soldiers are currently not accounted for after PLA troops attacked with spiked sticks and stones in the Galwan valley.

Chinese side also has casualties but the number is still not known. The Indian death toll is perhaps the worst single day loss in decades and has come at a time when thousands of troops are forward deployed in Eastern Ladakh.

ET was the first to report on May 12 about a massive troop build up in the Galwan valley, which is an old flashpoint that had seen action in the 1962 war as well.

There have been reports of casualties on the Chinese side in the clash but numbers are currently not available. Worryingly, information from the ground suggests that several Indian soldiers, including four officers, are missing and could have been taken captive by a vastly larger Chinese force. Their status is still not known.

“During the de-escalation process underway in the Galwan Valley, a violent face-off took place yesterday night with casualties. The loss of lives on the Indian side includes an officer and two soldiers. Senior military officials of the two sides are currently meeting at the venue to defuse the situation,” an Indian Army statement reads.

The Ministry of External Affairs said that the clash occurred when the Chinese side violated the LAC. “On the late-evening and night of 15th June, 2020 a violent face-off happened as a result of an attempt by the Chinese side to unilaterally change the status quo there. Both sides suffered casualties that could have been avoided had the agreement at the higher level been scrupulously followed by the Chinese side,” a statement reads.

The loss of the Commanding Officer is especially devastating and he had been directly involved in de-escalation talks with the Chinese side, including one hours before the clash took place. Sources said that the talks on Monday morning had led to an agreement for Chinese forces to withdraw from Indian territory as part of the disengagement.

According to one version, the CO had gone to the standoff point with a party of 50 men to check if the Chinese had retreated as promised. As the Indian side proceeded to demolish and burn illegal Chinese structures on its side of the LAC, including an observation post constructed on the South bank of the river, a fresh stand off took place as a large force of Chinese troops returned back.

Sources said that a Chinese force in excess of 250 quickly assembled near Patrol Point 14 and were physically stopped by Indian soldiers from entering Indian territory. Soldiers from both sides did not use firearms but the Chinese soldiers carried spiked sticks to attack.

Given the terrain of the region, a part of the standoff and clash took place in the middle of the Galwan river that is currently flowing at full spate, leading to high casualties as injured soldiers got swept away. Indian soldiers have to cross the Galwan river at atleast five points to reach PP 14, which marks the LAC.

Chinese media reports on Tuesday quoted the spokesperson from its Western Theatre Command as laying claim over the Galwan valley region and blaming the Indian side for the clash. Reports quoted Col Zhang Shuili as saying that India has violated the consensus made during Army commander level talks.

As reported, Galwan river area has a painful history with China, with Peoples Liberation Army (PLA) soldiers surrounding a freshly set up Indian Army post in July 1962, in what would be one of the early triggers to the Sino-Indian war. At an Army post that was overrun at Galwan, 33 Indian soldiers were killed and several dozen taken captive in 1962.

In the past, the Doklam crisis in 2017 saw tensions building up along the Pangong Tso lake as well with soldiers engaging in a fight with sticks and stones. However, the Eastern Ladakh standoff is of a much more serious nature, with over 6000 Chinese troops lined up with tanks and artillery, faced off with a larger Indian forces. Troop build up has also been reported across the borders in Himachal Pradesh, Uttarakhand, Sikkim and Arunachal.

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News Network
May 8,2020

New Delhi, May 8: The Supreme Court on Friday suggested that states should consider indirect sale and home delivery of liquor as per its statute and law to avoid crowding at liquor shops amid the ongoing coronavirus-induced lockdown.

A bench headed by Justice Ashok Bhushan refused to pass any orders on a public interest litigation (PIL) seeking clarity on the sale of liquor and to ensure social distancing while it is being sold in liquor shops during the lockdown.

"We will not pass any order but the states should consider indirect sale/home delivery of liquor to maintain social distancing norms and standards," Justice Ashok Bhushan said while disposing of the petition.

The PIL, filed by one Sai Deepak, sought directions for closure of liquor shops for failing to enforce social distancing, which is essential to prevent the spread of coronavirus.

The petitioner told the apex court that he only wants that the life of common people is not affected because of crowding at liquor shops during COVID-19.

Justice Sanjay Kishan Kaul, another judge in the bench, said that discussion on home delivery is already going on.

The top court, after hearing the petition complaining about flouting of safety norms at liquor shops, observed that it cannot pass any orders to different states but they should consider online sale and home delivery of liquor.

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Agencies
February 4,2020

New Delhi, Feb 4: Saying the matter had been adjourned many times and it will have to hear it someday, the Supreme Court on Tuesday fixed April 14 for hearing a plea by Zakia Jafri, wife of slain MP Ehsan Jafri, challenging the SIT's clean chit to then Gujarat chief minister Narendra Modi in the 2002 riots.

A bench comprising Justices A M Khanwilkar and Dinesh Maheshwari posted the matter for hearing in April after Zakia's counsel sought an adjournment and urged the court to post it after the Holi vacation.

When advocate Aparna Bhat, appearing for Zakia, told the court that the issue in the matter is contentious, the bench said, "It has been adjourned so many times, whatever it is, we will have to hear it someday. Take one date and make sure you all are available." Zakia had filed a petition in the apex court in 2018 challenging the Gujarat High Court's October 5, 2017 order rejecting her plea against the decision of the Special Investigation Team.

Ehsan Jafri was among the 68 people killed at Gulberg Society on February 28, 2002, a day after the S-6 Coach of the Sabarmati Express was burnt at Godhra killing 59 people and triggering riots in Gujarat.

On February 8, 2012, the SIT filed a closure report giving a clean chit to Modi and 63 others, including senior government officials, saying there was "no prosecutable evidence" against them.

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Althaf
 - 
Tuesday, 4 Feb 2020

No use.. will Supreme court gives justice??? 

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