India doesn't need 'Bechara' like Kumaraswamy: Jaitley

Agencies
July 16, 2018

New Delhi, July 16: Union Minister Arun Jaitley on Monday noted that India's leader cannot be a 'Bechara' (weak person).

Jaitley's comment came days after Karnataka Chief Minister HD Kumaraswamy broke down expressed his unhappiness at holding the Chief Minister's position in the Congress-Janata Dal (Secular) coalition government in the state.

"Listening to these statements of an Honourable Chief Minister, my memory took me back to the dialogues of the tragedy era of Hindi cinema. If this is the consequence of a two-party coalition, what is it that a disparate group of parties with no ideological similarity offer to India? India's Prime Minister and his Government have to overcome the challenges that India faces today. He cannot be seen like the Chief Minister of Karnataka as a tragedy king. If such a coalition is a cup of poison, why even dream of inflicting it on the nation? The leader of the world's fastest-growing economy cannot be a 'Bechara'," he wrote in a blog post.

Continuing his attack at the Karnataka government and the Opposition parties, Jaitley stated that developments in Karnataka were an obvious consequence of a non-ideological opportunistic alliance with no positive agenda, the basis of which, he said, was to 'Keep Modi Out'.

"Such non-ideological opportunistic coalitions always get trapped within their own contradictions. Their only object is survival and not service of the nation. Their longevity is a suspect. If the Prime Minister of such a coalition has to weep before the cameras with an only wish of how to exit from office, it will be a scenario worse than the policy paralysis of UPA II. The Congress firmly believes that only members of one family can rule India. If anybody else gets a chance, he should be pushed to the desperation of throwing his hands up and weeping publicly," he noted.

With regards to the formation of a third front ahead of the general elections in 2019, Jaitley opined that stable politics was far from the political track record of the "ideologically flexible political groups."

"A group of disparate political parties are promising to come together. Some of their leaders are temperamental; the others occasionally change ideological positions. With many of them, such as TMC, DMK, TDP, BSP and the JD(S), the BJP has had an opportunity to share power. Some amongst this disparate group have an extremely dubious track record of governance. Some leaders are maverick and others include those who are either convicted or charged with serious allegations of corruption. There are many whose political support base is confined to either a few districts or to a particular caste," Jaitley noted.

He continued, "To rule a large country like India through coalitions is possible but the nucleus of a coalition has to be stable. It must have a large size, an ideologically defined position and a vested interest in honest governance. A federal front is a failed idea. It was experimented under Shri Charan Singh, Shri Chandrasekhar and by the United Front Government from 1996-98. Such a front with its contradictions, sooner or later, loses its balance and equilibrium."

Jaitley also noted that if vote bank politics takes precedence over crucial matters of national interest, such as growing terrorism, rising crude oil prices and a possible trade war, such a government would be a liability.

"We need, for the next one decade and more, a high trajectory growth. To confront these challenges, India needs a strong and cohesive Government. More so, it means a decisive political leadership. It needs a Government which is able to resist unfair pressures of either allies or regions. It is the high growth rate, investment into rural India and the social sectors, credibility and strength of the Indian economy which will help us to be domestically strong to meet these challenges. A leadership unsure of itself meets the challenge of eliminating poverty and transforming the world's fastest growing economy into a developed nation?" he asked.

Addressing an event on Saturday, a teary-eyed Kumaraswamy claimed that he was swallowing the pain of a coalition government in Karnataka.

"People are standing with bouquets to wish me, as one of their brothers became Chief Minister and they all are happy, but I'm not. I know the pain of coalition government. I became Vishkanth (Lord Shiva) and swallowed pain of this government," he said.

Kumaraswamy further said he wanted to become the Chief Minister of Karnataka to solve the problems of the people and fulfill the unfinished agenda of his father and former prime minister, H D Deve Gowda.

Comments

Well Wisher
 - 
Tuesday, 17 Jul 2018

Dear Mr. Jaitley,
Kannadigas can tolerate this single bechara. no problem. But all Indians are no longer can tolerate bunch of becharas. They are just waiting for 2019

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News Network
July 3,2020

Leh, Jul 3: Taking an apparent dig at China, Prime Minister Narendra Modi on Friday said the age of expansionism is over and added that the new age of development is here.

"Age of expansionism is over, this is the age of development. History is witness that expansionist forces have either lost or were forced to turn back," Modi said addressing soldiers in Ladakh's Nimmoo. However, the Prime Minister did not mention China at all in his address to the soldiers.

The remark comes amidst the ongoing tension between India and China at Line of Actual Control in the eastern Ladakh. In a violent face-off 20 Indian soldiers were killed in the Galwan Valley on June 15-16 when Chinese troops attempted to unilaterally change the status quo during the de-escalation.

The Prime Minister also said that the people of Ladakh have rejected every attempt to create separatism in the region.

"Ladakh is the head of the country. This is the symbol of pride for the 130 crore citizens of India. This land belongs to the people who are willing to make the ultimate sacrifice for the country... Every attempt to create separatism in the region was rejected by the nationalist people of Ladakh," Modi said.

He also said: "We are the same people who pray to the flute playing Lord Krishna, but we are also the same people who idealise and following the same Lord Krishna who carries the Sudarshan Chakra."

The two countries -- India and China -- have been involved in talks to ease the ongoing border tensions since last month.

Lauding the bravery displayed by the soldiers, the Prime Minister said: "The bravery that you and your compatriots showed, a message has gone to the world about India's strength."

"Your courage is higher than the heights where you are posted today," he added.

"Atmanirbhar Bharat ka sankalp aapke tyag, balidan, pursharth ke karan aur bhi mazbut hai,"(The determination of self-reliant India gets strengthened from your sacrifice and courage)," the Prime Minister said.

The soldiers were observed maintaining social distancing while PM Modi's address here.

PM Modi on Friday made a surprise visit to Ladakh and was briefed by senior officers at Nimmoo amid ongoing tension with China. The Prime Minister was accompanied by Chief of Defence Staff (CDS) General Bipin Rawat and Army Chief General Manoj Mukund Naravane.

He reached Nimmoo, early morning today and interacted with Army, Air Force and ITBP personnel.

Located at 11,000 feet, this is among the tough terrains, surrounded by Zanskar range and on the banks of the Indus.

Sources had earlier informed about CDS Rawat's visit to Leh today. General Rawat's visit holds importance since it comes in the wake of Defence Minister Rajnath Singh's visit to Ladakh being rescheduled.

Earlier, the Defence Minister was scheduled to visit Ladakh today to review the preparedness of the army amid the ongoing standoff with China.

The situation at the India-China border remains tense after 20 Indian soldiers lost their lives in a violent face-off in the Galwan valley on June 15-16 when Chinese troops attempted to unilaterally change the status quo during the de-escalation. India and China have been involved in talks to ease the ongoing border tensions since last month.

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News Network
May 18,2020

May 18: Goldman Sachs expects India will experience its deepest recession ever after a poor run of data underscored the damaging economic impact of lockdowns in the world’s second-most populous nation.

Gross domestic product will contract by an annualized 45% in the second quarter from the prior three months, compared with Goldman’s previous forecast of a 20% slump. A stronger rebound of 20% is now seen for the third quarter, while projections for the fourth quarter and first of next year are unchanged at 14% and 6.5%.

Those estimates imply that real GDP will fall by 5% in the 2021 fiscal year, which would be deeper than any other recession India has ever experienced, Goldman economists Prachi Mishra and Andrew Tilton wrote in a note dated May 17.

India’s government has extended its nationwide lockdown until May 31, while further easing restrictions in certain sectors to boost economic activity, as coronavirus cases escalate across the country. The announcement followed Finance Minister Nirmala Sitharaman’s fifth briefing in as many days, in which she outlined details of the country’s $265 billion virus rescue package, which is equivalent to 10% of India’s GDP.

 “There have been a series of structural reform announcements across several sectors over the past few days,” the Goldman economists wrote. “These reforms are more medium-term in nature, and we, therefore, do not expect these to have an immediate impact on reviving growth. We will continue to monitor their implementation to gauge their effect on the medium-term outlook.”

Infections are surging across the South Asian nation of 1.3 billion people, with more than 91,300 infections, including 2,897 deaths as of Sunday, according to data from Johns Hopkins University.

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News Network
March 6,2020

Mumbai, Mar 6: Harried Yes Bank depositors rushed to ATMs to withdraw cash but faced multitude of problems including closed down machines and long queues, after the RBI placed the bank under a moratorium, capping maximum withdrawals at Rs 50,000 per account for a month.

Aggravating the problems of depositors were difficulties accessing the internet banking channel, which ensured that they can't transfer the funds online as well. At an ATM in south Mumbai's Horniman Circle, with the RBI headquarters overlooking it, the shutters were pulled down.

The guard on duty said the machine was non-operational before he reported to work late in the evening and he was ordered to shut it after 2200 hrs. In the residential area of suburban Chembur, one ATM was dispensing cash but had a long queue of anxious depositors.

One man said it was still possible to withdraw up to Rs 50,000 in multiple transactions from the machine.

However, another machine nearby had run dry within minutes of the RBI announcement, a woman said.

The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender.

For the next month, Yes Bank will be led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.

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