Now, Farooq Abdullah says you can fill your stomach for 1 rupee

July 26, 2013

New Delhi, Jul 26: After Congress spokesperson Raj Babbar and Rajya Sabha MP Rasheed Masood's claim of 'super cheap' food available on the streets of India, another minister is of the view that one can have a filling meal for just Re 1.farooq

Union minister of new and renewable energy and National Conference party leader Farooq Abdullah said that one can fill his stomach for just Re 1.

"If you want, you can fill your stomach for Re 1 or Rs 100, depending on what you want to eat. We are working to change the life of the poor so they can eat well be healthy and India can progress," Abdullah, whose party is an ally of the UPA government, said.

Earlier this week, Congress spokesman Raj Babbar had said one can have a full meal for Rs 12 in Mumbai. Later, Congress Rajya Sabha MP Rasheed Masood went a step further, claiming, "You can eat well for Rs 5 in the Jama Masjid area of Delhi".

"The MP still seems to be living in a bygone era. Maybe he should visit the area again," scoffed a local tea stall owner in Jama Masjid area who has been living in there for the past four decades.

"In the late 1980s, one could have still be expected to have a meal for Rs 5 when the roti used to cost less than a rupee and gravy dishes could be had for Rs 2," he said.

The minimum price of a roti now is Rs 3 even at the most basic of food outlets. A gravy dish costs a minimum of Rs 20.

The only affordable meal (if it can be termed as such) was a small portion of rice and modest sprinkling of daal (pulses), but that too costs about Rs 15.

A 'decent' meal — consisting of a non-vegetarian gravy and two rotis — at the cheapest eatery will cost not less than Rs 20-25. If you want to add a phirni (sweet dish), it will set you back another Rs 10. That doesn't really square with Masood's numbers.

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News Network
March 25,2020

New Delhi, Mar 25: The government is likely to agree an economic stimulus package of more than Rs 1.5 lakh crore ($19.6 billion) to fight a downturn in the country that is currently locked down to stem the spread of coronavirus, two sources familiar with the matter told news agency.
The government has not yet finalised the package and discussions are ongoing between Prime Minister Narendra Modi's office, the finance ministry, and Reserve Bank of India (RBI), said both the sources, who asked not to be named as the matter was still under discussion.

One of the sources, a senior government official, said the stimulus plan could be as large as Rs 2.3 lakh crore, but final numbers were still in discussion.

The package could be announced by the end of the week, both sources added.

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News Network
March 6,2020

Mumbai, Mar 6: Harried Yes Bank depositors rushed to ATMs to withdraw cash but faced multitude of problems including closed down machines and long queues, after the RBI placed the bank under a moratorium, capping maximum withdrawals at Rs 50,000 per account for a month.

Aggravating the problems of depositors were difficulties accessing the internet banking channel, which ensured that they can't transfer the funds online as well. At an ATM in south Mumbai's Horniman Circle, with the RBI headquarters overlooking it, the shutters were pulled down.

The guard on duty said the machine was non-operational before he reported to work late in the evening and he was ordered to shut it after 2200 hrs. In the residential area of suburban Chembur, one ATM was dispensing cash but had a long queue of anxious depositors.

One man said it was still possible to withdraw up to Rs 50,000 in multiple transactions from the machine.

However, another machine nearby had run dry within minutes of the RBI announcement, a woman said.

The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender.

For the next month, Yes Bank will be led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.

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February 9,2020

Feb 9: The Electronic Voting Machines (EVMs) used in Delhi Assembly polls are kept under tight security, in the 'Strong Room' located at Atal Adarsh Bengali Balika Vidyalaya in Gol Market.

Voting for Delhi Assembly elections took place on Saturday with voters turnout well short of the 2015 election mark.

Counting of the votes will be on February 11.

Earlier, Deputy Election Commissioner Sudip Jain had said the Delhi elections took place peacefully and smoothly.

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