Modi govt messed up the economy, mismanaged J&K: Manmohan Singh

TOI
March 18, 2018

New Delhi, Mar 18: Senior Congress leader Manmohan Singh today attacked the BJP-led NDA government for failing to deliver on its "tall promises" and "making a mess" of the Indian economy.

"The BJP government made tall promises. PM Modi himself said that his government will double farmers' income. For that, a growth rate of 12 per cent per annum is necessary which is unthinkable in the current scenario," Singh said in an address at the 84th plenary session of the Congress.

Taking a dig at Prime Minister Narendra Modi's propensity for "jumlebaazi" (empty rhetoric), Singh charged that the work done by this union government falls short of the claims made by its leaders.

"He (Modi) said we will provide 2 crore jobs, we have not seen even 2 lakh jobs... It is a jumla-type statement unlikely to be achieved," he charged.

Describing the government's demonetisation move as "ill-considered" and GST as "hastily implemented", the Congress leader said the twin measures had "messed up Indian economy".
In a similar vein, Congress leader P Chidambaram claimed the Modi government had inherited a strong economy legacy from the erstwhile UPA regime, but four year on, the Indian economy is lagging behind its global competitors.

"Today, the Indian economy is decoupled from the world economy which is growing," he said.

He also termed demonetisation a "big lie", before offering some choice words of advice to the RBI governor.

"Demonetisation was a big lie. RBI is still counting and won't tell us how much money has come back. I would like to advice the RBI Governor to go to Tirupati and get the hundi collectors. They count money faster than the RBI," Chidambaram quipped.

Singh, a noted economist and former finance minister, disparaged the budgetary allocations made by the government for the defence sector, calling it "inadequate" given the current geo-political scenario in India's neighbourhood.

"The defense expenditure of our country is no more than 1.6 per cent of our GDP. This is far too inadequate to meet the challenges of our security apparatus and our needs," he said. 

On Jammu and Kashmir (J&K), Singh blamed the BJP-PDP combine for engendering instability, and likened the two parties to "the left hand doesn't know what the right hand is doing".

"The Modi government has mismanaged issues in J&K like never before. They have installed a government where the two wings of the administration are working against each other. The atmosphere is deteriorating everyday," he warned.

The former PM said that India currently standing at the crossroads, and while it has many opportunities in hand, it also faces many challenges. At such a time, the Congress party will provide a new pathway to chalk out the future of the country, he asserted.

"The Congress party made India what it is today. It led the freedom struggle and guided India towards development after Independence. Today, we face similar challenges of carrying forward development and social justice," said Singh.

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Agencies
February 4,2020

The government suspended all the India-bound air travel from China and has declared all visas 'invalid', on Monday, due to the rapid escalation of cases of novel coronavirus outbreak which originated in Wuhan.

"Embassy and our Consulates have been receiving several queries from Chinese citizens as well as other foreign nationals, who are based out of China or visited China in the last 2 weeks, as to whether they can use their valid single/multiple entry visas to travel to India," tweeted the Embassy of India in Beijing, China.

"It is clarified that existing visas are no longer valid. Intending visitors to India should contact the Indian Embassy in Beijing ([email protected]) or the Consulates in Shanghai ([email protected]) and Guangzhou ([email protected]) to apply afresh for an Indian visa," it said.

Further, regarding the validity of visas, the embassy said, "Indian Visa Application Centres (http://blsindia-china.com) in these cities may also be contacted in this regard. Visa Section of the Embassy/Consulates of India in China can be contacted to ascertain the validity of visa before undertaking any visit to India."

"All those who are already in India (with regular or e-visa) and had traveled from China after January 15 are requested to contact the hotline number of Ministry of Health and Family Welfare of Government of India (+91-11-23978046 and email: [email protected])," the embassy said.

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Agencies
March 9,2020

Mumbai, Mar 9: The mayhem in domestic stock markets deepened with the BSE Sensex falling over 2,400 points and the Nifty50 trading below 10,400 points.

The plunge in the domestic indices was in line with the global markets on persistent fears of economic impact of the coronavirus epidemic.

Stocks of Reliance Industries registered the biggest fall in over 10 years as it fell to Rs 1,094.95 per share. At 1.34 p.m., it was trading at Rs 1,100, lower by Rs 170.05 or 13.39 per cent from its previous close. The stock fell most since October 2008.

The benchmark index of BSE Sensex was trading at 35,232.67 points, lower by 2,343.95 points or 6.24% from the previous close of 37,576.62 points. 

It had opened at the intra-day high of 36,950.20 and has so far touched a low of 35,109.18.

The Nifty50 on the National Stock Exchange was trading at 10,314.25 points, lower by 675.20 points or 6.14% from the previous close. 

It was a sell-off across sectors, led by financial, metal, energy and IT stocks - which weighed on the markets.

Further, crude oil prices also slumped around 30% on Monday as Organization of Petroleum Exporting Countries (OEPC) failed to agree on an output cut deal, eventually causing Saudi Arabia to cut its prices as it is likely to increase its production. Saudi Arabia's stance has already raised concerns of an all-out price war.

Brent crude futures are currently trading around $34 per barrel.

On Saturday, Saudi Arabia announced massive discounts to its official selling prices for April, and the nation is reportedly preparing to increase its production above the 10 million barrel per day mark, according to reports.

As per analysts, the oil market witnessed the worst price fall on Monday since the 1991 Gulf War.

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News Network
January 14,2020

New Delhi, Jan 14: One of the four Nirbhaya gang rape convicts, who are scheduled to be hanged on January 22, moved a mercy plea before President Ram Nath Kovind to set aside the death sentence issued against him.

He also moved the Delhi High Court to set aside the death warrant issued by a trial court. This hearing is scheduled for Wednesday before a bench of Justices Manmohan and Sangita Dhingra Sehgal.

The petition, filed through advocate Vrinda Grover, seeks setting aside of the January 7 order issuing the warrant of his execution.

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