Liberate Gujarat from divisive politics: Manmohan

December 10, 2012

Mohan

Vansada, December 10: Adding to Congress chief Sonia Gandhi’s blistering attack on Narendra Modi’s performance, Prime Minister Manmohan Singh on Sunday said the Gujarat government worked for a handful of corporates and called for “liberating” the State from divisive politics.

Addressing his first election rally in South Gujarat’s tribal district of Vansda, he touched upon the “insecurity” of minorities — something Sonia Gandhi chose to avoid given that the issue had cost the party dearly in the 2007 elections.

He spoke at length on the issue, though he also pooh-poohed Mr. Modi’s claims of development by reeling out statistics of Gujarat’s poor human development index. “Unlike the Opposition we do not play politics of dividing the people. Such type of politics is bad and cannot benefit a political party in the longer run,” the Prime Minister said.

He asserted, without naming Mr. Modi, that, “The time has come to liberate Gujarat from such politics and prevent those from returning to power who have been trying to get votes by dividing our society and country.”

The Congress had always worked to unite the people. “We know that if there are divisions in our people on the lines of religion, caste, creed and clan...Then we cannot surge ahead as a nation,” he said.

“We have been getting regular complaints that minorities and some other segments of society are feeling insecure in the State. Even a few State government officers have filed such complaints, which is very unfortunate for our country,” Singh said. “It is a matter of great regret that such an environment prevails in the land of Mahatma Gandhi.”

Dr. Singh pointed out, “The foundation of Gujarat’s development was laid by the Congress governments in 70s. It is due to the hardworking people of this State that it is considered to be developing.”

He asked if the benefits were reaching minorities, Scheduled Tribes and Scheduled Castes. “It is very unfortunate that in a developed State like Gujarat, 41 per cent women are victims of malnourishment. If one looks at women in the 15-50 age group, we find that 55 per cent women are anaemic,” Dr. Singh said.

“If we take a look at the top 20 States in terms of human development Gujarat ranks 18th. You must think what the reason behind this is.”

The Prime Minister said the public health sector was in a pathetic state and new employment opportunities were not being created.

He also raised the issue of incomplete work of Sardar Sarovar Narmada Dam canal and water problems being faced by people in the State.

“In the last 10 years, only 26 per cent of work of Sardar Sarovar Narmada dam project has been completed. If Congress forms the government in the State, then we will speed up the work and try our best to bring happiness in each and every village and provide all the benefits to the farmers which they are truly entitled for,” Dr. Singh said.


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News Network
July 16,2020

New Delhi, Jul 16: With India's economic growth sputtering, the Reserve Bank of India was expected to maintain a rate-cutting cycle, but an uptick in near-term inflation could give the central bank's Monetary Policy Committee reason to pause for now.

Having cut its key lending rate by an aggressive 115 basis points (bps) in 2020, on top of 135 bps cuts in 2019, the RBI so far has had little success in spurring credit growth amid varying degrees of lockdowns across India.

Some economists and market insiders argue it may be prudent for the MPC, the policy committee, to hold its fire when it meets early next month.

"It's probably too early to administer a demand stimulus. The RBI still has room to cut rates, but we probably want to be more cautious of the timing," said Venkat Pasupuleti, portfolio manager at Dalton Investments.

"Maybe they should wait a quarter to see how things pan out once the lockdown situation is eased further."

Market participants have factored in at least a 25 bps rate cut by the MPC on August 6 while analysts are predicting a total 50-75 bps cuts over the rest of the fiscal year that runs to March 31.

The spike in the retail inflation rate above the RBI's mandated 2%-4% target range is another reason for the central bank to take a breather, analysts say.

Annual retail inflation rose to 6.09% in June, compared to 5.84% in March and sharply above a 5.30% median forecast in a Reuters poll of economists.

Rahul Bajoria, an economist at Barclays, said the spike in both consumer and wholesale prices "could lead to a tempering in enthusiasm for material front-loaded policy support from here on."

Almost all economists however agreed the RBI cannot move away from its accommodative stance or call an end to the rate cutting cycle just yet.

India's economy grew at 3.1% in the March quarter - an eight year low - and some economists have predicted a contraction of more than 20% in the June quarter and a contraction of up to 5% in the fiscal year.

"Even in the event of a pause, we think the RBI and MPC would want to hold out the promise of more cuts," said A. Prasanna, economist with ICICI Securities.

RBI Governor Shaktikanta Das said in a recent speech the need of the hour is to restore confidence, preserve financial stability, revive growth and recover stronger, suggesting inflation concerns are unlikely to deter the downward trajectory for rates too soon.

"The August policy decision would boil down to a judgment call over whether RBI can maintain easy monetary and financial conditions without the aid of a token rate cut," Prasanna said. 

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News Network
January 6,2020

Hyderabad, Jan 6: AIMIM president Asaduddin Owaisi on Monday expressed solidarity with students of Jawaharlal Nehru University in Delhi, following violence in the campus and said the "cruel attack" was meant to "punish"the students as they "dared to stand up".

"In solidarity with the brave students of JNU. This cruel attack is meant to 'punish' JNU students because they dared to stand up. It's so bad that even Union Ministers are tweeting helplessly. Modi Sarkar must answer why cops aresiding with goons," the Hyderabad MP tweeted.

The AIMIM has also tweeted expressing solidarity with the "students of JNU". "AIMIM stands in solidarity with the students of Jawaharlal Nehru University. Who feels threatened by the voice of students?," the party said in a tweet.

Violence broke out at the JNU on Sunday night as masked men armed with sticks and rods attacked students and teachers and damaged property on the campus, prompting the administration to call in police which conducted a flag march.

At least 28 people, including JNU Students' Union president Aishe Ghosh, were injured as chaos reigned on the campus for nearly two hours.

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News Network
March 29,2020

Jaipur, Mar 29: A batch of 275 Indians evacuated from coronavirus-hit Iran arrived at the Jodhpur airport on Sunday morning, an official said.

He said a preliminary screening of the passengers was conducted at the airport and thereafter, they were shifted to the Army Wellness Facility set up at the Jodhpur Military Station.

Additional Chief Secretary (Health) Rohit Kumar Singh said of the 275 passengers, there were 133 women and 142 men, including two infants and four children.

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