Narendra Modi blasts 'mute' PM, says both UPA and rupee have lost value

August 24, 2013

Narendra_ModiRajkot, Aug 24: Gujarat chief Minister Narendra Modi on Saturday continued his tirade against Prime Minister Manmohan Singh over the falling rupee, saying both he and the domestic currency have turned 'mute'.

"There was a time when Indian rupee was making lots of noise. But today it has lost its voice. And similarly we are unable to hear the voice of our Prime Minister. Both have turned mute," he said here in Saurashtra region.

The chief minister was speaking at a function organised to felicitate him for creation of Morbi as a separate district carved out of Rajkot.

Modi, on August 15, had announced the formation of seven new districts. The BJP election campaign committee chief, in his Independence Day speech, had attacked Singh on various issues, including the falling rupee and the stand-offs with Pakistan and China.

Expressing serious concern over the continuous fall in the value of rupee, Modi said, "today our currency is on deathbed. It is in terminal stage and urgently needs attention of a doctor."

Training guns at the Congress-led ruling coalition at the Centre, he said "at the time of coming to power this Government had promised to reduce inflation within 100 days, but that has eluded the country."

"At present both - rupee and UPA government, have lost their value. Time has come to stop our country from destruction. The central government is misguiding the country. People need to know why our country is heading towards destruction."

At the function, Modi was weighed in silver and around 80kg of the white metal was presented to him by representatives of ceramic industry of Morbi. Modi announced that proceeds from the donated silver will be used for building the proposed 'Statue of Unity' monument of Sardar Patel on Narmada river.

In his almost hour-long address, Modi singled out the Congress, which is out of power in the state since mid-1990s, for criticism. "The party should ponder why people are not allowing it to enter Gujarat," he said.

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Agencies
June 6,2020

New Delhi, Jun 6: Bookings for select destinations in the USA, Canada, UK and Europe etc under Phase3 of Mission Vande Bharat opened at 5 pm on Friday, according to Air India.

"#FlyAI: Bookings for select destinations in USA, Canada, UK & Europe etc under Phase3 of #MissionVandeBharat opened at 5pm today. Around 60 million hits received till 7pm on our website & 1700 seats sold through website alone in 2 hrs. Bookings continue & tickets are being issued," the national carrier said in a tweet on Friday.

The third phase of the mission will begin from June 11 and continue till June 30.

Air India will operate five flights in the third phase of Vande Bharat Mission to evacuate almost 1,200 Indians nationals stranded in the United Kingdom between June 18 to June 23.

Air India will operate 70 flights in the third phase of Mission Vande Bharat to evacuate Indians stranded in the US and Canada between June 11 to June 30, Civil Aviation Minister Hardeep Singh Puri had said. 

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News Network
May 21,2020

New Delhi, May 21: As many as 5,609 new COVID-19 cases were reported in India in the last 24 hours, taking the total number of cases in the country to 1,12,359 according to the Union Ministry of Health and Family Welfare.

Out of the total cases, 63,624 are active cases, 45,300 patients have been cured/discharged or have migrated and 3,435 deaths have been reported.

With 39,297 cases in total, Maharashtra remains the worst affected state in the country, followed by Tamil Nadu (13,191 cases), Gujarat (12,537 cases), and Delhi (11,088 cases).

The nationwide lockdown imposed as a precautionary measure to contain the spread of coronavirus has been extended till May 31.

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News Network
May 22,2020

Mumbai, May 22: The Reserve Bank of India (RBI) on Friday reduced repo rate by 40 basis points to 4 per cent in an effort to further boost liquidity in the economy which has been reeling under the impact of COVID-19 induced countrywide lockdown.

As a result, the reverse repo rate stands at 3.35 per cent, said RBI Governor Shaktikanta Das. The six-member monetary policy committee (MPC) voted 5:1 in favour of the decision.

Repo rate is the rate at which a country's central bank lends money to commercial banks, and the reverse repo rate is the rate at which it borrows from them. 

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