Centre needs ‘strong’ leadership: Modi

September 15, 2013

haryana_modi

Rewari (Haryana), Sep 15: In his first public rally after being anointed BJP’s Prime Ministerial candidate, Narendra Modi today made a strong pitch for “strong leadership” at the Centre and asked politicians to take lessons in true secularism from the Army.

Modi, who has accused the UPA government of poor governance, said if the country has to be steered out of the present mess, it needs a “strong government” with a person who can lead from the front.

“If you want to see the country strong, if you want a strong government in Delhi, then check whether your name is on the voter list,” he said while urging the youth to exercise their right to vote.

In his 65-minute-long address, Modi made several references to former Prime Minister Atal Behari Vajpayee, who was considered a moderate in the BJP, and to the “true secularism” prevailing among Indian Armed Forces.

“The politics of vote banks has become disgusting in our country. Politicians who want to divide the society through vote bank politics, should learn true secularism from our armed forces,” he told the rally attended by former Army Chief Gen V K Singh and a large number of ex-servicemen.

Training his guns at the Centre, Modi said the border troubles with Pakistan and China were not because of any shortcomings in the Army.

“The problem is in Delhi. And hence the solution to this problem has to be found in Delhi itself. The problem will be solved only when a competent, patriotic and people-oriented government is formed at the Centre.,” he said.

Modi attacked Defence Minister A K Antony over his first statement in Parliament on the killing of five Indian soldiers.

“It is unfortunate that the country’s defence minister makes a statement in Parliament that someone came in Pakistani soldiers’ uniform and killed our soldiers...it must have pained our soldiers,” he said.

Modi also chose the occasion to attack JD(U), which parted ways with NDA three months ago ending a 17-year-old alliance over his elevation.

“It is the acme of shamelessness when a public representative says that people join Army to die. No leader, no political party would have humiliated (the forces) more than this....

“If you cannot recognise the sacrifice of people in armed forces, don’t insult the soldiers who are fighting for the security of the country“,” he said.

Modi was referring to remarks by a minister in Nitish Kumar government in Bihar for which the JD(U) had pulled up him. The rivalry between Kumar and Modi is well-known.

Lashing out at the policies of the Centre, he said that “every day we are facing problems...Pakistan is not giving up its design...China is showing us its might by intrusion... is keen to stop Brahmaputra rivers water and wants to take control over Arunachal Pardesh.”

”...The government that is sitting in Delhi is not at all concerned about them. They feel that such incidents keep taking place,” he said.

Noting that today’s rally is the “call for change” and that the “land of Haryana has challenged the Delhi Sultanate”, he said “when you are standing amid the Army in battlefield, then your ability to lead is seen.

He should have capacity, a war strategy and the yearning to stand in the front, he said.

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News Network
July 3,2020

New Delhi, Jul 3: India reported the highest ever single-day spike of 20,903 COVID-19 cases in 24 hours on Friday, said the Union Ministry of Health and Family Welfare.

With these new cases, India's coronavirus tally has risen to 6,25,544 cases of which 2,27,439 patients are active cases while 3,79,892 patients have been cured/discharged/migrated.

379 more deaths due to COVID-19 were reported in the country in the last 24 hours, taking the number of deaths due to the infection to 18,213.

As per the Health Ministry, Maharashtra -- the worst-affected state from the virus -- has a total of 1,86,626 cases including 8,178 fatalities while Tamil Nadu has 98,392 coronavirus cases in the state inclusive of 1,321 fatalities.

Delhi has reported 92,175 cases so far inclusive of 2,864 patients succumbing to the virus.

The Indian Council of Medical Research on Friday said that the total number of samples tested till July 2 is 92,97,749 of which 2,41,576 samples were tested on Thursday.

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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
May 2,2020

New Delhi, May 2: With 2,293 new cases in the last 24 hours, the highest number of cases in a single day, India's COVID-19 tally reached 37,336 on Saturday, including 1,218 deaths, according to the Ministry of Health and Family Welfare.
As many as 71 deaths were reported in the last 24 hours.

Out of the total number, 9,951 people have been cured/discharged/migrated.

In the state of Maharashtra, the number of coronavirus positive cases has crossed the 10,000-mark with at least 485 deaths.

The positive cases in Maharashtra has reached 11,506, including 1,879 discharged cases.

After Maharashtra, Gujarat has the most number of COVID-19 cases (4,721). The state has reported 236 deaths, while 735 people have been discharged.

The Centre on Friday extended the ongoing nationwide lockdown for two more weeks with effect from May 4 till May 17 while allowing different sets of relaxations in red, orange and green zones.

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