Cong builds house of dreams on Narendra Modi’s turf

August 21, 2012

Modi_TurfAhmedabad, August 21: Thousands of poor voters of Gujarat surged towards Congress camps for distributing forms for dirt-cheap urban housing — a promise the Congress has made only to women in a determined bid to prevent chief minister Narendra Modi from winning his third successive state election.

The scheme targets lower and lower-middle income groups in the cities and towns of Gujarat and gave a shot in the arm to the jaded Congress, just months away from the assembly elections. The Congress has not tasted power in Gujarat for more than two decades and the 'Ghar Nu Ghar' scheme was one of the aces it had up its sleeve to halt Modi's march to New Delhi in 2014 as a clear prime ministerial prospect.

There was commotion at form distribution centres and frayed nerves in the Modi camp when the distribution of forms began at 550 camps across Gujarat. The Congress, which marked Rajiv Gandhi's birthday with this blitzkrieg, has offered houses to be registered in the name of women. State Congress president Arjun Modhwadia said nearly 28 lakh forms were distributed in eight cities and 159 towns with a target of building 15 lakh homes in five years if the Congress was voted to power in the assembly elections due later this year.

"We have ordered for printing of 10 lakh more forms," senior Congress leader Narhari Amin said. Other Congress leaders were also pleasantly surprised at the mad rush, even as Modi went into a huddle with close aides. Even his 'Sadbhavana' towards Muslims seemed to be under threat as hundreds of Muslim women forgot the Eid festivities to queue up for the forms, which were available free on mere presentation of the voter's i-card.

BJP reacted by calling 'Ghar nu Ghar' a conspiracy to misguide the women voters of Gujarat. "Congress is in the habit of cheating people," said party spokesmen I K Jadeja and Mansukh Mandaviya. "In the last Lok Sabha election, they promised to check inflation within 100 days and look where we are today," Jadeja said.

The scheme seems to have hit the bull's eye as women are seen as more committed voters of Modi. Besides, the BJP has been traditionally stronger in urban areas of Gujarat. The Congress hopes that all those women who have taken the forms would elect it to power.

Housing for urban poor was a hallmark of previous Congress governments when the Gujarat Housing Board constructed precisely 1,76,830 homes in the 1970s and 1980s. Once the BJP came to power, the GHB went defunct and housing was a subject left to the builders.


Trouble for BJP on home front

The BJP had initially reacted with scorn at the Congress scheme 'Ghar nu Ghar'. Even chief minister Narendra Modi had brushed it aside stating that this was the brainchild of fly-by-night operators. But when the Congress launched the scheme on August 2, on the occasion of Rakshabandhan, nearly one lakh forms were distributed to women from the Gujarat Pradesh Congress Committee office in Ahmedabad and nine other centres across Gujarat.

The BJP had to sit up and take notice now. Former urban development minister I K Jadeja, now party spokesman, came with an announcement that the BJP will build 2.5 lakh houses for urban poor, once voted back to power. Questions were also raised by the BJP on where the Congress would get land for building these lakhs of houses. Congress campaign committee chief Shankersinh Vaghela had retorted that he would seize all the 'benami' land held by BJP leaders and also take back land gifted to large industrial houses.

Times View

The Congress has finally managed an emotional connect with the people of Gujarat with the 'Ghar nu Ghar' scheme. But it is after all an election promise and there is a massive gulf between the cup and the lip. What the Congress scheme has shown is that there is a massive demand for affordable housing in the state. The BJP has to explain why it has turned the Gujarat Housing Board, which built nearly 1.75 lakh affordable homes during previous Congress regimes, into a defunct entity. The GHB has to be revived and turned into the main agency to cater to the housing needs of those left without a dream home in this builder-driven set-up.


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News Network
June 22,2020

New Delhi, June 22: Former Prime Minister Manmohan Singh on Monday asked Prime Minister Narendra Modi to be “mindful of the implication of his words” as a controversy raged over his “no intrusion” remark about the violent face-off with Chinese troops in the Galwan Valley.

“The Prime Minister must always be mindful of the implications of his words and declarations on our Nation’s security as also strategic and territorial interests,” Singh said in a statement here as Chinese media welcomed Modi’s ‘no intrusion’  remarks contending that it may lead to a de-escalation of tensions between China and India.

Congress has been maintaining that Modi’s assertions at Friday’s all-party meeting that neither was there any intrusion nor was any Indian post captured ran counter to the statements made by the Indian Army and the External Affairs Ministry.

Singh said the prime minister cannot allow his words to be used by China as a vindication of its position and all organs of the government should work together to tackle this crisis and prevent it from escalating further.

“We remind the Government that disinformation is no substitute for diplomacy or decisive leadership. The truth cannot be suppressed by having pliant allies spout comforting but false statements,” the former prime minister said.

Singh said the prime minister and the government should rise to the occasion to ensure justice for Colonel B Santosh and the army jawans who made the supreme sacrifice and resolutely defended the nation’s territorial integrity.

“To do any less would be a historic betrayal of the people’s faith,” the former prime minister said.

“At this moment, we stand at historic crossroads. Our Government’s decisions and actions will have serious bearings on how the future generations perceive us,” Singh said.

Singh said China was brazenly and illegally seeking to claim parts of Indian territory such as the Galwan Valley and the Pangong Tso Lake by committing multiple incursions between April 2020 till date.  

“We cannot and will not be cowed down by threats and intimidation nor permit a compromise with our territorial integrity,” said Singh. 

The former prime minister said this was a moment where “we must stand together as a nation and be united in our response to this brazen threat.”

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Agencies
July 8,2020

The Jamaat-e-Islami Hind (JIH) has urged Muslims to take precautions during Eid ul-Adha (Bakrid), to be celebrated in the last week of July, and has issued guidelines on offering prayers and sacrifices.

"The namaz should be offered by adhering to the social distancing norms at eidgahs and mosques. Muslims should offer the Eid prayer at home in the same manner as they had done during Eid ul-Fitr in areas where restrictions have been imposed due to COVID-19," it said.

For the sacrifice of animals, a part of the festival, the JIH said "precautionary" measures should be taken due to the pandemic.

"Don't offer qurbani on roads, footpaths and pathways. Ensure the highest level of cleanliness and hygiene. Ensure that you bury the blood and entrails of the animal after qurbani or deliver it at the designated spot of garbage collection," the JIH said in a statement.

The JIH said it would be appropriate to form a committee few days before the Eid ul-Adha, which would keep an eye on the situation, remain in touch with the local administration and offer cooperation towards maintaining the law and order in the area.

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News Network
April 21,2020

New Delhi, Apr 21: The historic rout in oil markets that sent US crude prices plummeting to as much as minus USD 40 a barrel is unlikely to translate into any big reduction in petrol and diesel prices in India as domestic pricing is based on different benchmark, and refineries are already filled up to brim and cannot buy US crude just yet.

With storage capacity already overflowing amid coronavirus-induced demand collapse, traders rushed to to get rid of unwanted stocks triggering the collapse of US West Texas Intermediate (WTI) crude for May delivery.

Indian Oil Corp (IOC) Chairman Sanjiv Singh said the collapse was triggered by traders unable to take deliveries of crude they had previously booked because of a demand collapse. And so they paid the seller to keep oil in their storage.

"If you look at June futures, it is trading in positive territory... around USD 20 per barrel," he said.

Low oil prices may seem good in short-term but in the long run it will hurt the oil economy as producers will have no surplus to invest in exploration and production which will lead to a drop in production, he said.

He did not comment on retail fuel prices that have been static since March 16.

Oil companies have not changed rates despite a fall in international prices as they first adjusted them against the increase that was warranted from a Rs 3 per litre hike in excise duty and close to Re 1 per litre additional cost of switching over to cleaner BS-VI grade fuel from April 1.

Petrol in Delhi is priced at Rs 69.59 a litre and diesel comes for Rs 62.29 per litre.

"The negative price has no direct impact on India or Indian oil prices, as this has taken place due to crude oil produced and traded within the US. India's prices are driven partly by another benchmark, the Brent, which is still trading at USD 25/barrel. Therefore, the retail price of fuels in India are unlikely to fall," said Amit Bhandari, Fellow, Energy and Environment Studies, Gateway House.

Also, Indian refineries are already overflowing as fuel demand has evaporated due to the unprecedented nationwide lockdown imposed to curb spread of COVID-19. So, they can't rush to buy US crude.

The refineries have already cut operating rate to half because the fuel they produce has not been sold yet.

India imports 4 million barrels/day (1.4 billion barrels/year) of oil. The country has been benefitting from the falling prices of oil for the last five years, when oil dropped from a peak of USD 110/barrel to USD 50-60/barrel last year, enabling India to invest in public service programmes.

"However, the additional USD 30 fall of this week is good for India - but there is also a downside. If oil prices are too low, the economies of oil-rich gulf countries will be hurt, threatening the job prospects of the 8 million Indians working in the Gulf countries. India is the largest recipient of foreign remittances due to these workers – very low oil prices will hurt this cash stream," Bhandari said.

He said the negative price of oil shows how much oil oversupply exists in international markets today. "Global oil consumption has fallen due to the COVID-19 pandemic that traders are willing to pay customers to get rid of the barrels they can't store. The world does not have enough storage capacity, and dumping the oil is an environmental crime."

The first half of April saw Brent crude oil prices plummet 63.6 per cent to USD 26.9 per barrel. Prices of Western Texas Intermediate (WTI), the American oil, had also fallen similarly by 63.1 per cent.

But on April 20, WTI prices turned rapidly negative because traders on the Nymex exchange rushed to offload their May futures positions a day before expiry of contracts (on April 21).

Such WTI futures are traded on the Nymex exchange with contracts settled in physical crude oil. Problem is, those who had gone long are unable to find storage facilities for the oil and had to liquidate their contracts before expiry. This caused the plunge in WTI prices.

Contrast to this, June WTI Nymex futures prices is hovering around USD 21, while Brent for June delivery is at USD 25.

Miren Lodha, Director, CRISIL Research said the demand for crude oil was declining already because of economic slowdown when the COVID-19 pandemic-driven lockdowns crushed it further.

Consequently, oil demand is expected to contract by 8-10 million barrels per day (mbpd) in 2020 assuming demand recovery begins from the third quarter of the year, he said, adding if recovery doesn't happen by then, further demand destruction could occur.

On the supply side, producers reining in output following a strategic deal between OPEC members, Russia and the US.

Under this agreement, OPEC+ would reduce oil production by 9.7 mbpd for May and June, but gradually ease the curb to 7.7 mbpd between July and December 2020, and to 5.8 mbpd till April 2022 to stabilise prices.

"This is expected to reduce some surplus in the market by the end of 2020," Lodha said.

Crude oil demand is expected to decline by over 20 mbpd in April alone. Typically, monthly global demand is about 100 mbpd. Given this scenario, supply curbs would have limited influence.

Consequently, Brent oil prices is expected to be in the USD 25-30 range for the second quarter while increasing marginally in the last 2 quarters of 2020.

"The gigantic inventory build-ups and lack of storage facilities would also put pressure on prices," he said, adding overall Brent could average USD 30-35 in 2020, with a strong downward bias.

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