'Govt ready to pay political price for tough decisions'

Agencies
December 14, 2018

Mumbai, Dec 14: Union Minister Nitin Gadkari on Wednesday said his government is ready to "pay a political price" for stringent decisions like demonetisation and the GST, even as he admitted there is an agricultural crisis and rural distress in the country.

He also hoped the results of the 2019 Lok Sabha elections won't be the same as the just-concluded assembly polls, in which the BJP lost three states to the Congress.

Stressing that agriculture was a focus area for the Modi government at the Centre, Gadkari said it was a complex issue and its remedy would take time.

Drawing a parallel, the minister said anything can happen in politics and cricket and it would be wrong to assume that the assembly results were giving a reflection of what would happen during the general elections next year.

He said development was the focus of the BJP and the Prime Minister Narendra Modi-led government, and they were ready to pay a political price for "certain stringent decisions" like demonetisation and GST, taken in the "interest of the country".

Speaking at the India Economic Conclave organised here by Times Network, the Minister for Road Transport and Highways said agenda of politics was different at national, state, district and municipal levels and it is highly difficult to predict on which issue a political party wins.

"As far as we are concerned, our agenda will be development and for this we have taken a few stringent decisions like demonetisation and GST. But I feel these issues should not be politicised as we are seeing its benefits in the form of reduction in black-money and improvement in the economy," he said.

"For the interest of the country if we have to take certain stringent decisions and if we have to pay a political price, we are ready for it," Gadkari added.

Admitting that there was an agricultural crisis and rural distress in the country, he said the government has been taking all necessary measures to ensure the sector grows significantly.

"Agriculture is our priority, but we need to understand that it is such a complex issue that there is no immediate solution and remedy to the problems of this sector and it will take time.

"Also, unless the rural and agri economy becomes robust, unless we increase the purchasing power of the large population and improve employment and boost manufacturing and services sectors, we will not be able to achieve overall development of the nation, and this is our priority," he said.

When asked if the BJP's defeat in three states has dented the party's image, Gadkari said, "It is matter of research on what parameters a voter elects a particular party during elections...Is it stability, economy or employment? But I feel that major part of politics is dominated by three Cs- cash, caste and criminals. Though this approach has changed to some extent, it still exists."

On the Maharashtra government's recent decision to grant 16 per cent reservation in education and government jobs to the Maratha community, Gadkari said, "No one is saying that he is forward and everyone wants to prove that he is backward...this is a fact. This is vote bank politics."

"There are people, who use reservation card strategically to win elections. But there are others who work on the grass-root levels and get elected every time," he said.

Talking about the defeat in Madhya Pradesh where the BJP ruled for 15 years under the leadership of Shivraj Singh Chouhan, the minister said, "After ruling for so many years, anti incumbency was bound to be there. But the outcome of 2019 Lok Sabha maybe or may not be same as that of the recent assembly elections."

"The agenda and subjects of all elections are different. The work which our government has done at the national level will be tested during the Lok Sabha elections only," he said.

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News Network
June 3,2020

Jun 3: Emphasising that airlines are clearly the safest mode of transportation, IndiGo CEO Ronojoy Dutta on Tuesday said there is no evidence yet of coronavirus infection getting transmitted among passengers onboard an aeroplane.

His comments against the backdrop of instances of some passengers, who had taken flights after resumption of domestic air services on May 25, testing positive for coronavirus.

"Those people had the virus before they got on to the aeroplane. What is noteworthy is that they have done the tracing after that. There is no evidence of transmission onboard there... that is a very encouraging sign on the safety of airline travel," he said during an earnings call.

According to him, airlines are clearly the safest mode of transportation and there is no evidence yet of contamination on an aircraft.

"You can come in contaminated but so far there is no evidence of passing it on to a fellow passenger," he noted.

Amid concerns over the coronavirus pandemic, aviation regulator DGCA has asked airlines to ensure that to the extent possible, middle seat in flights should be kept empty.

In this regard, Dutta said the airline would keep the middle seat empty wherever it can and "where we have to fill the middle seat, we will have the extra protective gown".

To a query about possible hedging of fuel prices, he said it would be a dumb idea and that airlines adjust to ups and downs in fuel prices.

"I can't overemphasise what a dumb idea it will be for an airline to hedge fuel prices. I looked at it from different angles and it is not a good idea... we looked at hedging and we talked about it at the board level and we said no," he noted.

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News Network
March 3,2020

Daman, Mar 3: A BJP councillor was shot dead on Monday in the Union Territory of Daman, police said.

Salim Memon was sitting in his motorcycle showroom when three to four unidentified persons shot four to five bullets after asking a visitor there to move out, an official said quoting eye-witnesses.

While fleeing, they also shot two rounds close to this visitor who was standing outside, he said.

"Memon was rushed to a hospital in Marwad area but was declared dead on arrival. CCTV footage is being scanned to nab the culprits," said Daman Superintendent of Police Vikramjit Singh.

Memon was elected to Daman municipality as a Congress candidate but then switched over to the BJP.

Sources said Memon, who also has a land brokerage business, had come out of jail a few months back in connection with a case of rivalry.

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News Network
January 31,2020

New Delhi, Jan 31: Chief Economic Adviser K V Subramanian on Friday said India's GDP is expected to grow at 6-6.5 per cent next fiscal as the economic slowdown has bottomed out.

As per the first advance estimates released by the National Statistical Organisation (NSO), the country's economic growth is likely to hit an 11-year low of 5 per cent in the current fiscal ending March 2020.

The Economic Survey 2019-20, prepared by a team lead by Subramanian, has projected the GDP to expand in the range of 6-6.5 per cent during 2020-21.

The Indian economy has hit the bottom and it will see an uptick from here, he said in a media briefing post the Economic Survey.

Amidst a weak environment for global manufacturing, trade and demand, the Indian economy slowed down with GDP growth moderating to 4.8 per cent in the first half of 2019-20, lower than 6.2 per cent in H2 of 2018-19.

Based on NSO's first advance estimates of GDP growth for 2019-20 at 5 per cent, an uptick in GDP growth is expected in the second half of the fiscal, it said.

According to it, the uptick in second half of 2019-20 would be mainly due to ten positive factors like picking up of Nifty India Consumption Index for the first time this year, an upbeat secondary market, higher FDI flows, build-up of demand pressure, positive outlook for rural consumption, rebound of industrial activity, steady improvement in manufacturing, growth in merchandise exports, higher build-up of foreign exchange reserves and positive growth rate of GST revenue collection.

The survey also emphasised that merger of public sector banks may increase the financial strength of the merged entities, lower the risk aversion and result in lowering of lending rates.

Further, as the implementation of GST further settles down, the increased unification of the domestic market may reduce business costs and facilitate fresh investment.

Reforms in land and labour market may further reduce business costs, said the survey, presented a day before Sitharaman's Union Budget 2020-21.

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