Washington Post won't say sorry for terming PM a 'tragic figure'

September 6, 2012

Mohan_Singh

New Delhi, September 6: The Washington Post has denied it has offered an apology for an article which described Prime Minister Dr Manmohan Singh as "a dithering, ineffectual bureaucrat presiding over a deeply corrupt government".
India bureau chief of Washington Post, Simon Denyer said that he stands by the article.
"Absolutely not, there has been no apology, and I stand by the article, and the Washington Post stands by the article, and we see nothing to apologise for," said Denyer.

Denyer further informed that the Prime Minister's Office (PMO) has established contact with him and termed it as unfair.
"The PMO feels that the article was unfair on the Prime Minister, I think that the article was extremely, extensively researched and it was balanced. In terms of who I spoke to, I spoke to senior members of the Congress Party, I spoke to senior members of the government, I spoke to friends of Dr Manmohan Singh and I spoke to newspaper editors, commentators and other people and so on, so forth. So, I spoke to a wide range of people, people who knew the prime minister and people who observed him closely and the authority to talk about his record. I reflected those views in the piece," said Denyer.

Denyer further said that the article balances Dr Singh's achievements and categorically explains reasons for his downfall.

"I wrote a story which I consider to be balanced, I have mentioned his achievements, I have mentioned the economic reforms of 1991, I have mentioned that he was an honest man. I have mentioned his economic leadership, I mentioned the fact that he had achievements in his first term of office, particularly the one that I have mentioned was the US-Indian nuclear deal, but you know the disappointment and the tragedy which Ramachandra Guha mentioned was the disappointment in his second term of office, perhaps he over stayed when he didn't have the energy to do as much in his second term," he said.

"That is a pretty widely held view, it's a view which is supported by opinion polls which show his popularity falling and the UPA government's popularity falling. I am reflecting the views of Indians, I am not making my own judgements," he added.
Denyer also said that the article is not a benchmark for foreign investors to gauge the strengths and weaknesses of the Indian economy.

"If foreign investors are unhappy, and I write about foreign investors being unhappy, then, don't blame me, why are foreign investors unhappy, if India decides it wants to do more to attract foreign investors, then that's India's decision, then India can make can make that decision, me writing about it one way or the other is neither here nor there actually," said Denyer.
The Washington Post report says 'the shy, soft-spoken 79-year-old is in danger of going down in history as a failure'.

"But the image of the scrupulously honorable, humble and intellectual technocrat has slowly given way to a completely different one: a dithering, ineffectual bureaucrat presiding over a deeply corrupt government," the report says.

"Every day for the past two weeks, India's Parliament has been adjourned as the opposition bays for Singh's resignation over allegations of waste and corruption in the allocation of coal-mining concessions," it adds.

The Washington Post report also mentions Dr Singh's 'dramatic fall from grace' in his second term.

It may be recalled here that the Time magazine had earlier in July dubbed Dr Manmohan Singh as an "underachiever", saying he appears "unwilling to stick his neck out" on reforms that will put the country back on the growth path.

Dr Singh, 79, was featured on the cover of Time magazine's Asia edition. With his portrait in the background, the title on the cover read 'The Underachiever - India needs a reboot.'

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News Network
January 6,2020

Jan 6: Senior Bharatiya Janata Party leader Subramanian Swamy on Sunday said the country's economy is not showing good signs though Prime Minister Narendra Modi has manifested tremendous leadership skills in fighting terror and in social welfare projects.

The fiscal decisions of the government have not yielded the desired results, the Rajya Sabha MP said here.

"Modi had shown tremendous leadership skill in fighting terror, in several social areas, micro areas like bringing toilets to every village home. But the economy is a complex system...," he said while taking part in a discussion.

While every minister is talking about a 5 trillion dollar economy by 2024, but the current GDP growth has to be multiplied in four years to achieve that, the former Union minister said.

He said, if wages are slashed as a measure to cope with the situation, labor will become cheap but that will also cut down the people's purchasing power triggering dip in demand, closing down factories and rise in unemployment.

"This is one problem for which you really need an economist," he said.

Swamy said in jest, "I think Modi has one problem with me. Not only I am an economist but also a politician."

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News Network
June 5,2020

New Delhi, Jun 5: India registered its highest spike in COVID-19 cases with 9,851 more cases and 273 deaths reported in the last 24 hours. The total number of cases in India reached 2,26,770 including 1,10,960 active cases, said the Union Ministry of Health and Family Welfare.

The Ministry informed that 1,09,462 persons have been cured/discharged/migrated while 6,348 people have succumbed to the disease so far.

Maharashtra has so far reported 77,793 cases, more than any other state in the country, while the total number of active cases in the state stands at 41,402.

In Tamil Nadu, 27,256 cases have been detected so far while Delhi has reported 25,004 coronavirus cases.

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News Network
March 13,2020

Mumbai, Mar 13:  Investor wealth worth nearly Rs 12 lakh crore was wiped out in less than 15 minutes of trading on the stock exchanges on Friday, with the two benchmarks, the BSE Sensex and the NSE Nifty, crashing over 10 per cent.

The 30-share BSE Sensex plummeted 3,380.59 points, or 10.31 per cent, to 29,397.55. It hit an intra-day low of 29,388.97, falling up to 3,389.17 points.

Trading was halted for 45 minutes in the early session after the index hit its lower circuit limit.

The BSE and NSE benchmark indices, however, pared most losses with the Sensex trading 835.40 points, or 2.55 per cent, lower at 31,942.74, and the Nifty was down 253.25 points or 2.64 per cent at 9,336.90 at 10.40 am.

The mayhem on Dalal Street eroded investor wealth worth Rs 12,92,479.88 crore, taking the total m-cap to Rs 1,12,78,172.75 crore on the BSE at 1020 hours.

The m-cap of BSE-listed companies stood at Rs 1,25,70,652.63 crore at the end of trading on Thursday.

Traders said besides global selloff, incessant foreign fund outflows also weighed on investor sentiments.

On a net basis, foreign institutional investors sold equities worth Rs 3,475.29 crore on Thursday, data available with stock exchanges showed.

On the BSE, 1,279 scrips declined, while 193 advanced and 40 remained unchanged.

Volatility heightened in global markets as benchmarks world over went into panic mode, insinuating a freakish selloff.

Bourses in Shanghai dropped over 3.32 per cent, Hong Kong 5.61 per cent, Seoul 7.58 per cent and Tokyo cracked up to 7.97 per cent.

Wall Street lost 10 per cent in overnight trade.

More than 1,30,000 cases of the novel coronavirus have been recorded in 116 countries and territories, killing at least 4,900 people.

The number of coronavirus patients in India has risen to 74, as per the health ministry.

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