Modi rule worse than previous UPA govt: Raj Thackeray

Agencies
September 11, 2018

Mumbai, Sep 11: On a day his party supported the Congress' Bharat bandh against fuel price rise, MNS chief Raj Thackeray said the current BJP dispensation at the Centre is "worse" than the erstwhile UPA government.

Maharashtra Navnirman Sena (MNS) supported the national shutdown along with other political parties in the state.

Addressing reporters, Thackeray also attacked the Shiv Sena which didn't support the bandh ignoring the Congress' request.

"The BJP dispensation at the Centre is worse than previous Congress government. Within this government the Modi-Shah duo (are worse)," he said.

Thackeray, the estranged cousin of Sena chief Uddhav Thackeray, said the BJP's claim of the 'party with a difference' is false.

"It is the habit of the BJP to spread all kind of lies. The Maharashtra government claims that it has dug 1.20 lakh wells (to overcome water shortage) and made the state free of open defecation. These claims are false," he said.

Thackeray attacked Union Law Minister Ravishankar Prasad over his statement that prices of fuel are not in the hands of the government.

"Ravishankar Prasad says that the prices of fuel cannot be brought down. If that is so then how could the BJP government in Rajastan manage (to bring) them (down). If Prasad were right then why he and his party had been holding agitations (against fuel price hike) before 2014 polls," he asked.

He said the Narendra Modi government is levying heavy taxes on fuel to recover the losses.

Demonetisation exercise has failed and the economy is severely damaged, Thackeray said, adding that the BJP now has the sole agenda to "fetch donations and win elections".

In 2016, Prime Minister Narendra Modi had announced scrapping of Rs 500 and Rs 1000 currency notes with twin objectives of bringing out black money and clamping down on terror financing.

In its report, the RBI recently said that 99 percent of the currency in circulation at the time of note ban has returned in the banking system.

In a veiled attack on the prime minister, Thackeray said the head of the country should act like a king and not as a merchant.

On Sena's stand to not support Monday's bandh, Thackeray said, "Sena's stand is that if there works are stuck they oppose the BJP and get the work done. They have nothing to do with the suffering of the common people".

Thackeray accused the BJP government of booking MNS workers on "false charges", which he said would backfire.

Seeking to dispel perceptions about MNS's growing proximity with the Congress in view of the regional party backing the bandh, the MNS chief said the cause is more important than who has given it.

Apart from the MNS, the Nationalist Congress Party (NCP), the the Samajwadi Party, the Peasants and Workers' Party and the Bahujan Samaj Party (BSP) supported the shutdown in Maharashtra.

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News Network
July 15,2020

New Delhi, Jul 15: Former Rajasthan deputy chief minister Sachin Pilot on Wednesday said that he is "not" joining the Bharatiya Janata Party (BJP).

"I am not joining BJP," said Pilot in a telephonic conversation with ANI.

The comments came a day after he was sacked as Rajasthan deputy chief minister and Pradesh Congress Committee chief by the party.

The decision to sack Pilot was taken yesterday after a CLP meeting at the Fairmont Hotel in Jaipur, Rajasthan.

At the meeting, as many as 102 MLAs unanimously demanded that Pilot should be removed from the party.

The Rajasthan Congress is in turmoil over the past few days. While chief minister Ashok Gehlot has blamed the BJP for attempting to destabilise the state government by poaching MLAs, Pilot has been camping in Delhi.

A controversy broke out in Rajasthan after special operation group (SOG) sent a notice to Pilot to record his statement in the case registered by SOG in the alleged poaching of Congress MLAs in the state.

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News Network
June 24,2020

New Delhi, Jun 24: With the highest single-day spike of 15,968 cases and 465 deaths in the last 24 hours, India's COVID-19 count reached 4,56,183 on Wednesday.

According to the latest update by the Union Ministry of Health and Family Welfare (MoHFW), 14,476 deaths have been recorded due to the infection so far in the country.

The count includes 1,83,022 active cases, and 2,58,685 cured/discharged/migrated patients.

Maharashtra with 1,39,010 confirmed cases remains the worst-affected by the infection so far in the country. The state's count includes 62,848 active, 69,631 cured, discharged patients while 6,531 deaths have been reported due to the infection so far.

Meanwhile, the national capital's confirmed coronavirus cases reached 66,602.

2,301 deaths have been reported in Delhi due to the infection so far.

Tamil Nadu has reported 64,603 cases so far with the death toll reaching 833.

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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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