Economy slowdown: Itna sannata kyun hai bhai? asks Sena

News Network
October 28, 2019

Oct 28: The Shiv Sena on Monday borrowed an iconic dialogue from Hindi blockbuster movie 'Sholay' to target the Centre over the economic slowdown, seeking to know why there was so much "silence" in markets on the occasion of Diwali and wondered if worse days were ahead.

"...Itna sannata kyun hai bhai?" (why is there so much silence) is the question resonating everywhere on "silence" over the future of the country and Maharashtra, the Sena said in an editorial in party mouthpiece 'Saamana'.

In the film 'Sholay', the dialogue was mouthed by veteran actor late A K Hangal in an emotional scene where silent villagers look on while a horse carries the body of his son killed by dacoit Gabbar Singh, portrayed by Amjad Khan.

The Sena used the famous dialogue to raise questions over what it termed as the "gloomy" picture of the economy, and blamed the government's decisions of demonetisation and "faulty implementation" of the Goods and Services Tax (GST) for the present situation in the country.

"Markets have lost shine as sales figures have dropped by 30 to 40 per cent due to the looming fear of slowdown. Industries are suffering while some manufacturing units have closed down, leading to joblessness," it said.

Several banks are facing financial crisis and people have no money to spend, the Marathi publication said.

"On the other hand, the government is also forced to draw funds from the RBI's reserves. There is silence in markets on Diwali, but foreign companies, through online shopping platforms, have been filling up their coffers with the country's money," it rued.

Farmers were the worst hit as their crops, which were ready to be harvested, were damaged due to the untimely rains recently, the editorial pointed out.

"Unfortunately, nobody talks about how to bring farmers out of this," said the Sena, which is an ally of the BJP at the Centre and in Maharashtra.

There was less clamour and "more silence" during the state Assembly polls held on the eve of Diwali, it claimed.

As the BJP's tally went down in the state polls held last week compared to its 2014 performance, Sena chief Uddhav Thackeray raised a pitch for "equal sharing" of power.

Last week, he demanded a written assurance from the BJP for implementing "equal formula for sharing of power", before holding talks on staking the claim to form the next alliance government in the state.

In the recent polls to 288-member Assembly, the BJP won 105 seats, a loss of 17 seats compared to its 2014 tally.

The Sena's tally also came down to 56 seats from 63 in 2014.

Comments

Well Wishers
 - 
Monday, 28 Oct 2019

Sannaata isliye. because of present day Gabbar Singh & Kaalia

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
February 28,2020

Feb 28: The best economic tonic for the coronavirus shock is to contain its spread and worry about stimulus later, said Raghuram Rajan, former head of the Reserve Bank of India.

There’s little central banks can do, and while more government spending would help, the priority should be on convincing companies and households that the virus is under control, he said.

“People want to have a sense that there is a limit to the spread of this virus perhaps because of containment measures or because there is hope that some kind of viral solution can be found,” Rajan told Bloomberg Television’s Haidi Stroud Watts and Shery Ahn.

“At this point I would say the best thing that governments can do is to really fight the epidemic rather than worry about stimulus measures that comes later,” said Rajan, who is currently a professor at the Chicago Booth School of Business.

The spread of coronavirus is pushing the world economy toward its worst performance since the financial crisis more than a decade ago.

Bank of America Corp. economists warned clients Thursday that they now expect 2.8% global growth this year, the weakest since 2009.

“We have moved from extreme confidence in markets to extreme panic, all in the space of one week,” said Rajan, who previously was chief economist at the International Monetary Fund.

The virus outbreak will force companies to rethink supply chains and overseas production facilities, he said.

“I think we will see a lot of rethinking on this, coming on the back of the trade disruption, now we have this,” Rajan said. “Globalization in production is going to be hit quite badly.”

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
July 21,2020

New Delhi, Jul 21: With a spike of 37,148 cases and 587 deaths reported in India in the last 24 hours, the total number of COVID-19 cases stands at 11,55,191, according to the Union Ministry of Health and Family Welfare.

The total number of cases include 4,02,529 active cases, 7,24,578 cured/discharged/migrated and 28,084 deaths, the ministry informed.

Maharashtra remains the worst affected state with 3,18,695 cases and 12,030 deaths.
The second worst-hit state, Tamil Nadu has reported 1,75,678 COVID-19 cases so far while Delhi has reported 1,23,747 cases, according to the Health Ministry.

Meanwhile, as per the information provided by the Indian Council of Medical Research (ICMR), 1,43,81,303 samples have been tested for COVID-19 up to July 20. Of these 3,33,395 were tested yesterday.

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 2,2020

New Delhi, Apr 2: With 437 new cases reported in the last 24 hours, the tally of COVID-19 positive cases in India shot up to 1,834 on Wednesday night.

The number of deaths in the country due to COVID-19 has risen to 41.

The total number of active cases in the country is 1,649. 143 persons have been cured and discharged from the hospitals. One person has migrated, according to the data provided by the Ministry of Health and Family Welfare.

Earlier on Wednesday, Union Home Secretary Ajay Bhalla urged all state governments and Union Territory administrations to ensure the lockdown measures issued by the Ministry of Home Affairs are strictly implemented.

"All the state governments/UT administrations are requested to strictly implement the lockdown measures issued by MHA in the exercise of the powers under Disaster Management Act, 2005 in letter and spirit," Bhalla said.

Prime Minister Modi had earlier announced a 21-day lockdown in the entire country to deal with the spread of coronavirus, saying that "social distancing" is the only option to deal with the disease, which spreads rapidly.

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.