‘Foolhardy initiatives’, says Manmohan Singh in sharp takedown on Modi govt

Agencies
October 27, 2018

New Delhi, Oct 27: In one of his sharpest attacks yet on Narendra Modi, former prime minister Manmohan Singh said his successor’s rule has not been good for India as he “failed” the electorate and led a government that was “mostly silent” on incidents of communal violence, mob lynching and cow vigilantism.

Singh, while speaking at the launch of Congress leader Shashi Tharoor’s new book, alleged that under the present dispensation the environment in universities and national institutions like the CBI was being vitiated and dissent stifled.

His remarks came amid the current crisis in the CBI, whose top two bosses were divested of their powers and sent on leave by the government. In a scathing criticism of Modi, Singh said he was elected as the 14th prime minister of India on the back of many lofty promises, but in the past four years, he and his government “failed” their electorate and eroded the voters’ faith.

He said Modi is a “paradoxical prime minister” and Tharoor has demonstrated this through his “superbly written and devastatingly accurate book”.

Tharoor’s book is titled “The Paradoxical Prime Minister: Narendra Modi and His India”.

“He (Modi) has spoken of being a prime minister for all Indians but the government he presides over has been mostly silent in the face of widespread communal violence, mob lynching and cow vigilantism.

“At the same time, academic freedoms are being sought to be curbed. The environment in our universities and national institutions like the CBI is being vitiated and dissent stifled,” Singh alleged.

His criticism of the government’s economic policies was even more severe as the former prime minister said nothing concrete had been done to bring back the “promised billions of dollars” allegedly held abroad as black money.

The “hastily-implemented” demonetisation and GST have proved to be “disastrous” for the economy, Singh said. Petrol and diesel prices are at a “historic high” despite the fall in international crude oil prices because the Modi government chose to levy excessive excise duties instead of passing the benefits of low prices to the people of India, he said, adding that Modi, instead, has thought it fit to “punish our people”.

Singh also alleged that Modi presides over a “fearful population, an economy that has been set back by foolhardy initiatives, painful lack of jobs, the growing distress among India’s farming communities, a devastating number of farmer suicides, insecure borders, instability in Kashmir, and the palpable failure in implementation of even laudable initiatives like Swachch Bharat, Skill Development, Make in India and Beti Bachao, Beti Padhao”.

“This is what he presides over, and not a secular, plural, free and equal society that was... envisioned and built in its six and a half decades as a free nation,” he added. Modi’s rule has “not been good” for India and it all arises from the Modi paradox that Tharoor has shown in his book, he said.

“Much of what the Modi government is all about has turned out to be little more than a series of empty gestures...with very little substance having been achieved on the ground,” he said.

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News Network
May 28,2020

Bhopal, May 28: A Bhopal-based high net worth individual hired a 180-seater A320 plane of a private carrier to ferry four family members to New Delhi, in a bid to avoid crowd at the airport and in flight amid the COVID-19 outbreak, officials said on Thursday.

The person, who is a liquor baron, chartered the aircraft to send to Delhi his daughter, her two children and their maid, who were stuck in Bhopal since the last two months due to the coronavirus-induced lockdown, sources said.

The plane arrived here from Delhi on Monday with crew only and flew back with just four passengers for whom it was specially hired, they said.

"The A320 180-seater plane arrived here on May 25 to carry four members of a family, probably due to the coronavirus scare. It was chartered by someone and there was no medical emergency, an airline official said, refusing to divulge any further details.

Bhopals Rajabhoj Airport Director Anil Vikram could not be contacted for comments.

According to aviation experts, the cost of hiring an Airbus-320 is about Rs 20 lakh.

Domestic commercial flight services resumed from Monday, after a nearly two-month break due to the coronavirus-enforced lockdown.

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News Network
January 10,2020

Mumbai, Jan 10: India’s oil demand growth is set to overtake China by mid-2020s, priming the country for more refinery investment but making it more vulnerable to supply disruption in the Middle East, the International Energy Agency (IEA) said on Friday.

India’s oil demand is expected to reach 6 million barrels per day (bpd) by 2024 from 4.4 million bpd in 2017, but its domestic production is expected to rise only marginally, making the country more reliant on crude imports and more vulnerable to supply disruption in the Middle East, the agency said.

China’s demand growth is likely to be slightly lower than that of India by the mid-2020s, as per IEA’s China estimates given in November, but the gap would slowly become bigger thereafter.

“Indian economy is and will become even more exposed to risks of supply disruptions, geopolitical uncertainties and the volatility of oil prices,” the IEA said in a report on India’s energy policies.

Brent crude prices topped USD 70 a barrel on rising geopolitical tensions in the Middle East, putting pressure on emerging markets such as India. Like the rest of Asia, India is highly dependent on Middle East oil supplies with Iraq being its largest crude supplier.

India, which ranks No 3 in terms of global oil consumption after China and the United States, ships in over 80 per cent of its oil needs, of which 65 per cent is from the Middle East through the Strait of Hormuz, the IEA said.

The IEA, which coordinates release of strategic petroleum reserves (SPR) among developed countries in times of emergency, said it is important for India to expand its reserves.

REFINERY INVESTMENTS

India is the world’s fourth largest oil refiner and a net exporter of refined fuel, mainly gasoline and diesel.

India has drawn plans to lift its refining capacity to about 8 million bpd by 2025 from the current about 5 million bpd.

The IEA, however, forecasts India’s refining capacity to rise to 5.7 million bpd by 2024.

This would make “India a very attractive market for refinery investment,” IEA said.

Drawn to India’s higher fuel demand potential, global oil majors like Saudi Aramco, BP, Abu Dhabi National Oil Co and Total are looking at investing in India’s oil sector.

Saudi Aramco and ADNOC aim to own a 50 per cent stake in a planned 1.2-million bpd refinery in western Maharashtra state, for which land is yet to be acquired.

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News Network
July 13,2020

New Delhi, July 13: The number of active Covid-19 cases in India crossed the 3 lakh mark on Sunday even as fresh infections during the day surged to another new peak, crossing 29,000 for the first time. After staying over 500 for the past two days, the daily death toll came down slightly to 492.

While the focus has been on recoveries, the number of active Covid-19 cases in the country has been steadily rising. It hit the 1 lakh mark on June 4 and went past 2 lakh 23 days later. It has taken just 15 days more to reach 3 lakh.

India reported 29,271 new cases on Sunday, the fifth straight day of record rise in daily infections. With this, the country’s coronavirus caseload has risen to 8,79,060, two days after hitting the 8 lakh mark, as per data collated from state governments. Active cases stood at 3,02,466 while more than 5.53 lakh people were declared cured of the infection.

Covid-19 deaths in the country rose to 23,175 after 492 fatalities were added on Sunday, translating to a case fatality rate of 2.6%. The CFR has been steadily dropping with the surge in cases.
 

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