Manmohan to take charge of finance ministry

June 27, 2012

pm

New Delhi, June 27: Pranab Mukherjee resigned as Union finance minister on Tuesday, giving Prime Minister Manmohan Singh a free hand to reorient the key ministry during an economic slowdown while raising the possibility of a larger Cabinet reshuffle in about six weeks from now.

Mukherjee submitted his resignation to the prime minister to end his career as Congress leader ahead of filing the nomination for the presidential election for which he is a clear favourite. The PM is expected to retain the ministry in the coming days during which he is widely expected to tweak policies seen as contributing to negative sentiment.

Singh replied to Mukherjee's resignation by lavishing praise on the outgoing minister. "Our government owes a deep debt of gratitude to you for your invaluable contribution to its work over the last eight years," he wrote. "It is a testimony to your extraordinary abilities and your stature in public life that you have carried an onerous range of responsibilities with ease and accomplishment."

President Pratibha Patil accepted Mukherjee's resignation. The Prime Minister will look after the work of the finance ministry while power minister Sushilkumar Shinde is the likely replacement for Mukherjee's other key role as the leader of the Lok Sabha.

The Prime Minister is sure to look at fresh ideas to deal with the slowdown and low market sentiment under Mukherjee's watch. Sources in the government said the PM was not in sync with Mukherjee over how to deal with the sliding economy, but was hamstrung by Mukherjee's clout and seniority as party insider. In fact, the President-in-waiting was never the PM's first choice for the finance ministry but Mukherjee landed the job because of the leadership's preference for a politician.

His exit from the government now gives Singh an opportunity to carry out the changes he could not implement so far. However, there are indications that the exacting nature of the job, rendered tougher by the slowdown, may lead him to opt for a full-time finance minister of his choice before the beginning of the monsoon session of Parliament scheduled to begin in a month's time.

Many in the party view home minister P Chidambaram as the frontrunner for the vacancy in the finance ministry. But shifting Chidambaram to the finance ministry will create its own set of complications, leaving the leadership with the complicated task of finding a replacement in the politically crucial home ministry. The job, given the looming terror threat, cannot be juggled casually.

This can set the stage for a larger Cabinet rejig, a possibility necessitated as much by the likely need to find a fulltime replacement for Mukherjee as by the vacancy triggered by Virbhadra Singh's resignation as small, micro and small enterprises minister on Tuesday over graft charges. There is a view in the Congress that the PM needs to shuffle the pack to revive a business-like perception about his government after the impression of policy paralysis created by anti-corruption campaign of civil society and shocking defeats in assembly elections.

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News Network
June 13,2020

Visakhapatnam, Jun 13: A four-month-old baby who was on ventilator treatment for 18 days for COVID-19 was on Friday evening discharged from hospital after testing negative.

"A tribal woman of East Godavari named Laxmi was infected with COVID-19 in May, later the doctors confirmed that her four-month-old baby was also infected," said District Collector, Vinay Chand.

"The baby was shifted to Visakhapatnam VIMS hospital on May 25. She was treated for 18 days on a ventilator. Doctors again conducted baby's COVID-19 test recently, following which the reports came negative. After a health check-up, VIMS doctors discharged the baby on Friday evening," he added.

Meanwhile, 14 new COVID-19 positive cases have been reported in Visakhapatnam district on Friday, taking the total number of cases to 252 including one fatality due to the virus.

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News Network
January 22,2020

Jan 22: India's ranking in the latest global Democracy Index has dropped 10 places to the 51st spot out of 167 owing to violent protests and threats to civil liberties challenging freedoms across the country.

Prime Minister Narendra Modi's government has been criticized by rights groups and western governments after shutting off the internet and mobile phone networks and detaining opposition politicians in Kashmir.

Modi’s government has also responded harshly to ongoing protests against a controversial, religion-based citizenship law. Muslims have said their neighborhoods have been targeted, while the central government has attempted to ban protests and urged TV news channels not to broadcast “anti-national” content. Some leaders in Modi’s ruling party called for “revenge” against protesters. India’s score in 2019 was its worst ranking since the EIU’s records began in 2006, and has fallen gradually since Modi was elected in 2014.

The Economist Intelligence Unit’s 2019 Democracy Index, which provides an annual comparative analysis of political systems across 165 countries and two territories, said the past year was the bleakest for democracies since the research firm began compiling the list in 2006.

“The 2019 result is even worse than that recorded in 2010, in the wake of the global economic and financial crisis,” the research group said in releasing the report on Wednesday.

The average global score slipped to 5.44 out of a possible 10 -- from 5.48 in 2018 -- driven mainly by “sharp regressions” in Latin America, Sub-Saharan Africa, the Middle East and North Africa. Apart from coup-prone Thailand, which improved its score after holding an election last year, there were also notable declines in Asia after a tumultuous period of protests and new measures restricting freedom across the region’s democracies.

Asia Declines

Hong Kong, meanwhile, fell three places to rank 75th out of 167 as more than seven months of violent and disruptive protests rocked the Asian financial hub. An aggressive police response early in the unrest, when protests were mostly peaceful, led to a “marked decline in confidence in government -- the main factor behind the decline in the territory’s score in our 2019 index,” the group said.

In Singapore, which ranked alongside Hong Kong at 75th, a new “fake news” law led to a deteriorating score on civil liberties.

“The government claims that the law was enacted simply to prevent the dissemination of false news, but it threatens freedom of expression in Singapore, as it can be used to curtail political debate and silence critics of the government,” EIU analysts said.

China’s score fell to just 2.26 in the EIU’s ranking, placing it near the bottom of the list at 153, as discrimination against minorities, repression and surveillance of the population intensified. Still, in China “the majority of the population is unconvinced that democracy would benefit the economy, and support for democratic ideals is absent,” the EIU said.

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News Network
May 7,2020

May 7: Accusing the BJP government in Karnataka of "medieval barbarism" and treating migrants as worse than "bonded labourers", CPI(M) general secretary Sitaram Yechury on Wednesday hit out at the state's decision to stop workers from returning to their homes in different parts of the country citing requirements of the construction sector.

The Karnataka government has withdrawn its request to the railways to run special trains to ferry migrant labourers to their home states, hours after builders met Chief Minister B S Yediyurappa to apprise him of the problems the construction sector will face in case they left.

"This is worse than treating them as bonded labour. Does the Indian constitution exist? Are there any laws in the country? This BJP state government is throwing us back to medieval barbarism. This will be stoutly resisted,” Yechury said in a tweet.

The railways is running Shramik Special trains to ferry to their home towns migrants who were stranded at their places of work during the lockdown.

So far, it has run more than 115 such trains.

The Principal Secretary in the Revenue Department N Manjunatha Prasad, who is the nodal officer for migrants, had requested the South Western Railways on Tuesday to run two train services a day for five days except Wednesday, while the state government wanted services thrice a day to Danapur in Bihar. However, later, Prasad wrote another letter within a few hours that the special trains were not required. Several migrants in the city were desperate to return home as they were out of jobs and money.

Yechury also lashed out at the central government over reports that it owed states and industry Rs 3 trillion and accused the centre of shifting the burden of fighting the pandemic to the state governments.

“While shifting the entire burden of fighting the pandemic on to the State governments, Modi government is not even paying their legitimate dues. After November 2019, Centre has not paid the GST compensation dues for the rest of the financial year, i.e., March 2020.

“Modi government has the right to loot while crores of people & States are left with nothing but the right to starve?,” he tweeted.

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