Hyd, JNU were ultra-Left movements with a small section of Jehadis: FM

March 28, 2016

New Delhi, Mar 28: Both the Hyderabad Central University (HCU) and JNU events were “ultra-Left movements” also involving a small section of “jehadis”, Finance Minister Arun Jaitley contended on Sunday.

fm-LIn the case of JNU, the predominant section of those involved in the agitation was “ultra-Left” barring a small section of “jehadis”, who had their faces masked during a demonstration on the campus on Feb 9 in which anti-national slogans were raised, he said.

The name of Dr B R Ambedkar was “unfairly used” in the case of HCU where protests erupted after the suicide by a research scholar Rohith Vemula, Jaitley said during an interaction with PTI journalists here.

He drew satisfaction from the fact that religious and minority groups and their leaders across the country had not participated in the debate set off by the events in the two universities.

“The moderate Left and the Congress had got trapped into what was otherwise a movement of the ultra-Left,” the minister said, adding that the BJP had therefore taken it as an ideological challenge.

The BJP had won the first round of this “ideological debate” in the sense that everybody had to come at least “close to the position we were taking”.

Asked if he expected more rounds in the debate, the BJP leader said that it was not a battle his party had started. “We are not raising the debate to this extent (of further rounds) but if somebody against starts the whole idea, then the debate will certainly carry on.”

When asked if the BJP was reaping political dividends by raising the nationalism debate, Jaitley said, “I am not looking for a dividend. This was an ideological positioning and we have made our point. On this battle I don’t think we can lose.”

Jaitley said they took it as an ideological challenge and “whether for posturing or otherwise, as the core debate proceeded....at least they were pushed into this position (to say Jai Hind instead of Bharat Mata Ki Jai). I am quite happy and satisfied that they were pushed into this position.”

Answering questions, Jaitley saw no contradiction between the government's agenda of development and the debate over nationalism.

“I think there is a section in this country, however small, which does not find this discourse very fascinating. So it wants to divert the issue.

“It is not compulsory in this country to raise a slogan (of Bharat Mata ki Jai). But it became an issue only when somebody said I take objection and I will not raise it,” he said in an apparent reference to a declaration made by Majlis MP Asaduddin Owaisi.

Asked if it was an overkill to slap sedition charges against JNU students union President Kanhaiya Kumar, Jaitley said it was a legal issue and he would not like to get into it.

PTI

"That is a matter of individual culpability. Whether he is technically liable, what sections should he be prosecuted for and whether he should be prosecuted or not. I do not want to prejudice the trial even against him or for that matter anybody else.

"There are slogans being raised that this country will be broken up by 'jung' (war). We will break up this country by jung. And an individual goes and participates in this unlawful assembly where this resolve is being made. So whether he is legally liable or not, is a question which courts will have to look into," he said.

Attacking the Congress, Jaitley said people from mainstream parties should have thought twice before joining an unlawful assembly which is talking of a 'jung' to break this country.

"In Parliament I had said there are two types of people--one who think first and then act and the other who act first and then think. Congress leaders first took the step. They went and joined and preached that this 'break up of this country' slogan is free speech and we have come here to defend this free speech."

The minister contended that the overwhelming majority of this country has disapproved of the very character of the anti-India slogans.

He said he was personally in favour of "radical romancing" in universities in which one says something not very responsible out of extra enthusiasm which after 10 years he realises that it was not the most sensible thing to do.

"You can give a licence for that. But I think having said that somehow to speak in terms of 'desh ki barbadi, desh ke tukde, tukde', I think this crossed all limits," he said.

Comments

TWIST
 - 
Monday, 28 Mar 2016

Cheddi chelas alwz taught to view as opposite..

Abdullah
 - 
Monday, 28 Mar 2016

Better to send him back Britian.
the agent of British now singing again the British tune.

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News Network
March 4,2020

New Delhi, Mar 4: The Supreme Court on Wednesday revoked the ban of cryptocurrency imposed by the Reserve Bank of India (RBI) in 2018.

Pronouncing the verdict, the three-judge bench of the apex court said the ban was 'disproportionate'.

The bench included Justice Rohinton Fali Nariman, Justice S Ravindra Bhat and Justice V Ramasubramanian.

The Internet and Mobile Association of India (IAMAI), whose members include cryptocurrency exchanges, and others had approached the top court objecting to a 2018 RBI circular directing regulated entities to not deal with cryptocurrencies.

Advocate Ashim Sood, appearing for IAMI, submitted that Reserve Bank of India lacked jurisdiction to forbid dealings in cryptocurrencies. The blanket ban was based on an erroneous understanding that it was impossible to regulate cryptocurrencies, Sood submitted.

The petitioners had argued that the RBI's circular taking cryptocurrencies out of the banking channels would deplete the ability of law enforcement agencies to regulate illegal activities in the industry.

IAMAI had claimed the move of RBI had effectively banned legitimate business activity via the virtual currencies (VCs).

The RBI on April 6, 2018, had issued the circular that barred RBI-regulated entities from "providing any service in relation to virtual currencies, including those of transfer or receipt of money in accounts relating to the purchase or sale of virtual currencies".

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News Network
February 2,2020

Feb 2: Prime Minister Narendra Modi’s second budget in seven months disappointed investors who were hoping for big-bang stimulus to revive growth in Asia’s third-largest economy.

The fiscal plan -- delivered by Finance Minister Nirmala Sitharaman on Saturday -- proposed tax cuts for individuals and wider deficit targets but failed to provide specific steps to fix a struggling financial sector, improve infrastructure and create jobs. Stocks slumped as a proposal to scrap the dividend distribution tax for companies failed to impress investors.

"Far from being a game changer, the budget provides little in terms of short-term growth stimulus,” said Priyanka Kishore, head of India and South East Asia economics at Oxford Economics Ltd. in Singapore. “While income tax cuts will provide some relief on the consumption front, the multiplier effect is low and the overall stance of the budget is not expansionary."

India has gone from being the world’s fastest-growing major economy three years ago, expanding at 8%, to posting its weakest performance in more than a decade this fiscal year, estimated at 5%.

While the government has taken a number of steps in recent months to spur growth, they’ve fallen short of spurring demand in the consumption-driven economy. Saturday’s budget just added to the glum sentiment.

Okay Budget

“It’s an okay budget but not firing on all cylinders that the market was hoping for,” said Andrew Holland, chief executive officer at Avendus Capital Alternate Strategies in Mumbai.

The government had limited scope for a large stimulus given a huge shortfall in revenues in the current year. The slippage induced Sitharaman to invoke a never-used provision in fiscal laws, allowing the government to exceed the budget gap by 0.5 percentage points. The result: the deficit for the year ending March was widened to 3.8% of gross domestic product from a planned 3.3%.

On Friday, India’s chief economic adviser Krishnamurthy Subramanian said reviving economic growth was an “urgent priority” and deficit goals could be relaxed to achieve that. The adviser’s Economic Survey estimated growth will rebound to 6%-6.5% in the year starting April.

The fiscal gap will narrow to 3.5% next year, as the government budgeted for gross market borrowing to rise marginally to 7.8 trillion rupees from 7.1 trillion rupees in the current year. A plan to earn 2.1 trillion rupees by selling state-owned assets in the year starting April will also help plug the deficit.

Total spending in the coming fiscal year will increase to 30.4 trillion rupees, representing a 13% increase from the current year’s budget, according to latest data.

Key highlights from the budget:

* Tax on annual income up to 1.25 million rupees pared, with riders

* Dividend distribution tax to be levied on investors, instead of companies

* Farm sector budget raised 28%, transport infrastructure gets 7% more

* Spending on education raised 5%

* Fertilizer subsidy cut 10%

Analysts said the muted spending plan to keep the deficit in check will lead to more downside risks to growth in the coming months.

“It is very doubtful that the increase in expenditure will push demand much,” Chakravarthy Rangarajan, former governor at the Reserve Bank of India told BloombergQuint, adding that achieving next year’s budget deficit goal of 3.5% of GDP was doubtful.

With the government sticking to a conservative fiscal path, the focus will now turn to central bank, which is set to review monetary policy on Feb. 6. Given inflation has surged to a five-year high of 7.35%, the RBI is unlikely to lower interest rates.

What Bloomberg’s Economists Say:

The burden of recovery now falls solely on the Reserve Bank of India. With inflation breaching RBI’s target at present, any rate cuts by the central bank are likely to be delayed and contingent upon inflation falling below the upper end of its 2%-6% target range.

-- Abhishek Gupta, India economist

Governor Shaktikanta Das may instead focus on unconventional policy tools such as the Federal Reserve-style Operation Twist -- buying long-end debt while selling short-tenor bonds -- to keep borrowing costs down.

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News Network
April 2,2020

Thiruvananthapuram, Apr 2: With the coronavirus lockdown in place, liquor would be delivered home by state-run retail outlets in Kerala after the left government has decided to issue special passes to tipplers, who exhibit withdrawal symptoms and have doctors prescription.

Protesting the government decision, the Kerala Government Medical Officers Association (KGMOA) wore black badges on Wednesday, but attended duty and seeking immediate withdrawal of the order, saying it was "anti-people".

As per guidelines issued by the Kerala State Beverages Corporation managing director G Sparjan Kumar, for the supply of liquor, a service charge of Rs 100 would be collected from each pass holder for meeting the delivery expenses.

Each person would be entitled to 3 litres of Indian Made Foreign Liquor (IMFL) and sale of wine and beer was not envisaged, the order stated.

Those not willing to undertake the home delivery, the name and details of the employee should be reported to the Head office for submission to the government, it said.

A civil police officer will have to accompany the distribution vehicle.

The sale of liquor should be only to the pass holders, limiting it to the quantity mentioned in the pass.

Any excess sale to pass holders or sales to non-pass holders is strictly prohibited, the order said.

In the order issued on Monday, the government said, following the lockdown and the closure of liquor outlets in the state, there were many instances of social issues, including suicidal tendencies shown by those who consumed liquor regularly and the state government has decided to initiate steps to resolve the matter.

Speaking to reporters, chief minister Pinarayi Vijayan said his government has not forced anyone to prescribe liquor to addicts.

He was responding to a query on the indifference of doctors towards the matter of prescribing liquor to addicts.

"If the doctors are not ready to prescribe liquor, it's fine. We are not forcing anyone to do so. We were just following the protocol which are prevalent at many places. It's been over a week. The family and friends of the addicts can gently persuade them to approach the de-addiction centres," he said.

Sparjan Kumar said the order on home delivery was just a modality, as part of the earlier order issued by the government to provide liquor under prescription.

"We have worked out a modality. We have a meeting tomorrow. Some new order has been issued by the Centre today. The meeting will discuss the implementation of the orders," Kumar told.

A person showing withdrawal symptoms has to get a doctor's prescription on his condition so that he could be provided liquor in a "controlled manner", the order added.

The Indian Medical Association (IMA) has also come out against the government's move.

Meanwhile, Vimukthi, an anti-narcotics campaign launched by the state government, has till now admitted 64 patients since March 24.

"Since March 24, the day lockdown started, we have 64 patients admitted due to withdrawal symptoms. We have also registered at least 200 out patients at various de-addiction centres across Kerala," K Mohammed Resheed, Joint Excise Commissioner in charge of awareness told.

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