Farmers integral to 'Make in India', Rahul tells Modi

April 29, 2015

New Delhi, April 29: Congress vice president Rahul Gandhi on Wednesday took on Prime Minister Narendra Modi on problems in the agricultural sector, asking him to visit Punjab and learn about the plight of farmers who are integral to the government's flagship 'Make in India' initiative. The government hit back, asking him to visit his own constituency first.rahul 2

Raising the issue in the Lok Sabha during zero hour, a combative Gandhi said that his recent meeting with farmers in Punjab's wholesale grain market revealed the reality of the country's wheat bowl, where "farmers are crying and Haryana agriculture minister says those (farmers) who commit suicide are cowards".

"Government says there should be 'Make in India'... It is our government, your government, but not farmers' government," he said.

"Our prime minister is on a tour of India, he must also go to Punjab. He will know what is happening... Farmer growing wheat is also 'Make in India'," he said taking a jibe at the prime minister and his key policy.

The jibe triggered an uproar in the lower house with members of the ruling alliance protesting the comments and hitting back at the Congress vice chief, leading Speaker Sumitra Mahajan to adjourn the house briefly.

Jumping to Modi's defence, Food Processing Induistries Minister Harsimrat Kaur Badal said though Gandhi has visited Punjab, he was yet to visit his own constituency, Amethi, in Uttar Pradesh.

"I would like to ask him when the farmers were suffering inclement weather, including hail storms, where was he then?

"Some people have come back and to reinvent themselves, they are playing a drama here. They should do so in Amethi," she said.

Food and Civil Supplies Minister Ram Vilas Paswan said that the Modi government is "doing the work which you (the Congress-led UPA) didn't do for the nation".

Intervening in the discussion, Paswan said that the government has for the first time given a "value cut" as far as the quality of grain is concerned.

"We have increased the import duties and have also compensated farmers," he said.

He assured the house that all of farmers' grain would be bought at the Minimum Support Price (MSP). "By just visiting the mandi (wholesale market), they are trying to becomes martyrs," he said in a dig at Gandhi.

"You should thank the prime minister and the government for the support being given to farmers," he said.

Gandhi, during his visit Punjab - the food bowl state of the country - Tuesday, had also questioned the prime minister on his 'Make in India' campaign and asked the the central as well as the Akali Dal-BJP alliance government in the state to help farmers and labourers who are India's "spinal cord".

"The prime minister talks about 'Make in India'. No one does more 'Make in India' than the farmers of Punjab... The beginning (of 'Make in India') should be done from them.

"When the poor do 'Make in India', is it not 'Make in India'? Is it something else?" he asked.

In a move aimed to mount pressure on the government over the agrarian crisis, the Congress vice president traveled to grain markets in Punjab's Sirhind, Khanna and Mandi Gobindgarh towns on Tuesday in the second class compartment of a train to interact with farmers about the problems they are facing with procurement and lifting of wheat stocks.

He criticised the Modi government and the state government for being indifferent to the problems of farmers.

Farmers across Punjab are protesting the tardy lifting of wheat stocks.

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Agencies
May 31,2020

New Delhi, May 31: The income tax department has notified forms for filing income tax returns for the financial year 2019-20.

The Central Board of Direct Taxes (CBDT) has notified Sahaj (ITR-1), Form ITR-2, Form ITR-3, Form Sugam (ITR-4), Form ITR-5, Form ITR-6, Form ITR-7 and Form ITR-V for the assessment year 2020-21.

The department has revised the I-T return forms for the financial year 2019-20 to allow assessees to avail benefits of various timeline extension granted by the government following the COVID-19 outbreak.

The government has extended various timelines under the Income Tax Act, 1961, through the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020.

Accordingly, the time for making investment or payments for claiming deduction under Chapter-VIA-B of IT Act that include Section 80C (LIC, PPF, NSC etc.), 80D (Mediclaim) and 80G (Donations) for the financial year 2019-20 had been extended to June 30, 2020.

ClearTax founder and CEO Archit Gupta said, "The new forms require a separate table to disclose tax saving investment made in the first quarter of 2020 for availing them in FY 2019-20. Taxpayers must assess their tax liability for FY 2019-20 and make sure they are maximising their Section 80C benefits if not already done so."

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News Network
March 9,2020

New Delhi, Mar 9: Petrol and diesel prices registered a drop across the country on Monday as global oil prices plummeted around 30 per cent after Saudi Arabia slashed prices and set plans for a dramatic increase in crude production in April.

In New Delhi, petrol price fell by 24 paise intra-day and stood at Rs 70.59 per litre. Diesel in the national capital was retailed at Rs 63.26 per litre on Monday as against Rs 63.51 on Sunday.

The retail price of petrol in Kolkata saw a drop of 23 paise to Rs 73.28 per litre. The diesel price fell by 25 paise in the eastern metropolitan city to retail at Rs 65.59 per litre.

In Mumbai, petrol price was Rs 76.29 per litre as against Rs 76.53 a day earlier. Diesel was retailed at Rs 66.24 per litre, 26 paise lower than on Sunday.

In Chennai, petrol was retailed at Rs 73.33 per litre, 25 paise lower than a day earlier. Diesel price saw a fall of 26 paise to retail at Rs 66.75 per litre in the southern metropolitan.

Global crude oil prices fell by as much as a third following Saudi Arabia's move to start a price war with Russia amid worries over the spread of coronavirus.

Brent crude futures were down 13.29 dollars or 29 per cent at 31.98 dollars a barrel by 04:33 hrs GMT after earlier dropping to 31.02 dollars, their lowest since February 12, 2016.

Brent futures were on track for their biggest daily decline since January 17, 1991 at the start of the first Gulf War.

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News Network
July 1,2020

Jul 1: Gold prices in India hit an all-time high on Wednesday, tracking a global rally, as surging coronavirus cases in many countries raised the metal's safe-haven appeal.

Local gold futures hit an all-time high of Rs 48,871 ($646.66) per 10 grams in early trade, taking their gains to 25% in 2020 so far. The contract had gained nearly 25% in 2019.

However, this dampened the retail demand for gold in India, the world's second-largest consumer of the precious metal.

"Retail demand is negligible. Buyers are postponing purchases anticipating a correction in prices," said a Mumbai-based bank dealer with a bullion importing bank.

In thin trade, dealers were offering a discount of up to $22 an ounce over official domestic prices on Wednesday afternoon, up from the last week's $18. The domestic price includes a 12.5% import tax and 3% sales tax.

The country's gold imports in May plunged 99% from a year earlier as international air travel was banned and jewellery shops were closed amid a nationwide lockdown to curb the spread of coronavirus.

In overseas market, spot gold firmed near an eight-year peak on Wednesday, as a spike in coronavirus cases in the United and States and many other countries has cast a shadow on hopes for a quicker global economic recovery, driving inflows into safe-haven assets.

According to a latest Reuters tally, the coronavirus has infected more than 10.48 million people worldwide so far.

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