PM addresses nation on reforms: Who said what

September 22, 2012

PM

New Delhi, September 22: Prime Minister Manmohan Singh, in a televised speech this evening, explained to the nation the reforms introduced by his government last week. The PM said that the people have a right to know why his government took these decisions and that they should rest assured that the government did not want to burden the aam aadmi or common man.

Here are the political reactions to Dr Singh's speech:

Mamata Banerjee, Trinamool Congress Chief and West Bengal Chief Minister (on her Facebook page)
I want to ask what is the definition of aam aadmi? Is it not becoming clear that the use of the name of aam aadmi, and misuse of power of chair. Is it to finish aam aadmi? Is it the game plan.

Sitaram Yechury, CPI(M) leader
There is nothing new in the PM's speech

Kakoli Ghosh Dastidar, Trinamool Congress leader
PM is a gentleman, a learned man. But the Congress has no touch with the common man, though they keep talking about aam aadmi. Cut in subsidy will create problems for the middle class.

Mukhtar Abbas Naqvi, BJP leader
In his speech, the Prime Minister tried to mislead the country. He appeared advocating the interests of foreign countries and not the Indians, he leads.

Prakash Javadekar, BJP spokesperson
If PM wanted to show intent, he should have acted against corruption. Instead he has burdened the common man.

Tarun Vijay, BJP spokesperson
Money doesn't grow on trees, yes. Thanks for telling us, but money stashed in foreign banks? No mention of financial irregularities. Just Words.

Shivanand Tiwari, Janata Dal (United) spokesperson
Everybody knows that a major share of petrol and diesel is imported. But what steps has the government taken to bring down the consumption. He is accusing the Opposition of creating confusion on the issue but, in fact, Singh himself is doing so.

Prakash Karat, CPI(M) General Secretary
The Prime Minister has sought to defend the indefensible steps taken by the government. The Prime Minister has not answered how he could proceed with these measures when it does not have the support of the overwhelming majority in Parliament.



D Raja, CPI National Secretary
The address was very very desperate. He miserably failed to answer any questions raised by common man and parties.

Kapil Sibal, union minister
Without these decisions, our situation would have worsened. I think the steps taken are not much and are right. The steps in 1991 were opposed similarly.


Rashid Alvi, Congress spokesperson
The Prime Minister has explained each and everything as to why under the present circumstances, tough steps taken by the government were necessary. This should be appreciated by other parties.

Shabana Azmi, actor and activist
Sound speech by PM. There should be many such addresses to a bewildered nation so people know what's going on and why.

Ajay Maken, Union sports minister
PM shows strong resolve, aggression and focus for fast economic growth, for welfare of the common man! "Those opposing now, did so in 1991 too."

Adi Godrej, chairman of the Godrej Group and president of CII
A very balanced address, he clearly explained that these steps were very necessary. His comparison with 1991 was very apt. I am impressed with the action last week and today's speech; the government has good support. Mamata's pullout may strengthen the government - the stock market went up and the rupee appreciated. A stronger rupee will lead to lower inflation.

Jay Shankar, economist and political strategist
There is very little that the Prime Minister has to connect with the people... they don't know or understand great economic terminologies like fiscal deficit. He should speak to the people more often. In a typical democracy like India, regional parties have become strong and they determine how reforms should be implemented. Strong leadership is required.

Madan Sabnavis, chief economist, Care Ratings
The government should rethink its decision taken on subsidy. The PM spoke very good economics but was not convincing. It is not a precarious situation like in 1991, India is not the only country with a high fiscal deficit.

Kiran Mazumdar Shaw MD, Biocon
PM gave a very cogent explanation of the urgency for reforms. He reached out to the people to explain how he can't afford India to reach a situation like some European countries where people are losing their jobs. I wish he had done this earlier. We can't have a prime minister who keeps large periods of silence.


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March 24,2020

New Delhi, Mar 24: Thirty-two states and Union Territories (UTs) have announced complete lockdown to check the spread of the coronavirus in the country, informed the Central government on Tuesday.
There is a complete lockdown in as many as 560 districts of the country affecting several hundred million people.
Earlier, the complete lockdown was imposed in 30 districts, as of now, almost the entire country is in lockdown to restrict public movement in an attempt to break the chain of transmission of coronavirus.
Three states -- Uttar Pradesh, Madhya Pradesh and Odisha -- have announced lockdown in select districts with the governments continuously monitoring the situation and ready to extend the restrictions to other districts as well.
The Union Territory of Lakshadweep has announced restrictions on certain activities.
The Indian Railways has suspended all passenger train operations till March 31 in view of coronavirus.

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News Network
March 21,2020

New Delhi, Mar 21: Novel coronavirus cases in India rose to 258 on Saturday after 35 fresh cases were reported in various parts of the country, according to the Health Ministry.

Among the 258 are 39 foreign nationals, including 17 from Italy, three from the Philippines, two from the UK, one each belonging to Canada, Indonesia and Singapore.

The total figure also includes four deaths reported from Delhi, Karnataka, Punjab and Maharashtra.

"The total number of active COVID-19 cases across India stands at 231 so far," the ministry said, adding that 23 others have been cured/discharged/migrated while four have died.

Delhi has, so far, reported 26 positive cases, which include one foreigner, while Uttar Pradesh has recorded 24 cases, including one foreigner.

Maharashtra has 52 cases, including three foreigners, while Kerala has recorded 40 cases, which include seven foreign nationals.

Karnataka has 15 coronavirus patients. The number of cases in Ladakh rose to 13 and Jammu & Kashmir four. Telangana has reported 19 cases, which include 11 foreigners.

Rajasthan has also reported 17 cases, including two foreigners. Gujarat has reported seven cases so far.

Tamil Nadu, Andhra Pradesh and Uttarakhand have reported three cases each.

West Bengal, Odisha and Punjab each reported two cases while Puducherry, Chhattisgarh and Chandigarh reported one case each.

In Haryana, there are 17 cases, which include 14 foreigners.

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Agencies
May 13,2020

New Delhi, May 13: Finance Minister Nirmala Sitharaman on Wednesday announced Rs 3 lakh crore collateral-free automatic loan for businesses, including MSMEs.

This will benefit 45 lakh small businesses, she said detailing parts of the Rs 20 lakh crore economic stimulus package.

The loan will have 4-year tenure and will have a 12-month moratorium, she said.

Also, Rs 20,000 crore subordinated debt will be provided for stressed MSMEs, she said adding this would benefit 2 lakh such businesses.

The Finance Minister said a fund of funds for MSME is being created, which will infuse Rs 50,000 crore equity in MSMEs with growth potentials.

Also, MSME definition has been changed to allow units with investment up to Rs 1 crore to be called micro-units in place of Rs 25 lakh now.

Also units with turnover up to Rs 5 crore to be called micro-units, she said, adding a turnover based criteria is being introduced to define small businesses.

The investment and turnover limits for small and medium businesses have likewise been raised to allow them to retain fiscal and other benefits, she said.

Global tenders will be banned for government procurement up to Rs 200 crore, she said, adding this would help MSMEs to compete and supply in government tenders.

Comments

JM
 - 
Thursday, 14 May 2020

Fully automatic loan..... not reachable to poor needy......

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