Peace at borders must for development, harmony: Mukherjee

October 6, 2013
Istanbul, Oct 6: A country cannot achieve development and harmony if there is no peace at its borders, President Pranab Mukherjee has said, days after he rejected Pakistan's contention that "non-state actors" were behind terror attacks in India.

"We have learnt the difficult way that unless there is peace at our borders, development and harmony cannot be achieved," he said while accepting an honorary degree from prestigious Istanbul University here yesterday, soon after arriving from Belgium.

The University honoured Mukherjee by conferring the 'Doctorate, Honoris Causa, in Political Science' for his achievements political life and contributions to governance and democracy in India.

"India and Turkey live in extremely difficult geographies, and both of us are aware of the grave challenges to our security, internal as well as external. However, I am sure you would agree that India's commitment to peace is unfailing. We continue to sustain moderation, pluralism and tolerance in our society," Mukherjee said.pranabdaa

Talking about commonality in India and Turkey's political structures, he said, "The success of our (India and Turkey) democratic institutions lies in responding to the challenges of our time and the hopes and aspirations of our people. They have to usher in the change and achieve the progress that we desire in our two countries."

Before leaving for the two-nation trip, Mukherjee had rejected Pakistan's contention that "non-state actors" were behind terror attacks in India, saying such elements were not coming from heaven but from territory under its control.

"...non-state actors, that is the phrase they used, then I responded by saying that non-state actors are not coming from heaven. Non-state actors are coming from territory under your (Pakistan's) control," he had told Euronews.

Mukherjee, who is on a three-day visit to Turkey, also emphasised on the absence of good governance as the root cause of many of the serious deficiencies in societies.

He identified good governance to be the essential, the most basic philosophy with the rule of law and justice being the most important tenets of good governance.

Mukherjee said, "It (absence of good governance) robs the citizenry of their security, and of their social and economic rights, ironically established for their welfare and collective good. Good governance is critically dependent on the existence of some fundamental pre-requisites."

"At the core is the inviolable adherence to rule of law and delivery of justice. From these principles would emanate the existence of participatory decision-making structure, transparency, responsiveness, accountability, equity and inclusiveness," said Mukherjee.

"This would particularly imply the existence of a corruption free society and the presence of adequate avenues especially for the marginalised sections to have a definitive role in decision-making. In brief, good governance means the existence of an elaborate architecture that has the good of the people as their only foci," he said.

Mukherjee, while talking about his vision of India in the year 2047, said, "I certainly hope that with all this, in 2047—after one hundred years of independence—my vision of an India fully transformed into a democratically mature, stable and peaceful nation with freedom and opportunity for all will become a reality. It will be an India that is economically prosperous at all levels of society."

He also said India is no longer defined by her problems but by her achievements and the opportunities it offers. However, achieving equitable economic growth is still a challenge.

While accepting the Doctorate, the President said, "While I am humbled by this honour, this recognition, in my view, is due to the Indian nation and its people. India is a developing economy. It has pursued a democratic model of governance to provide opportunity for the development of every individual.

"India's democracy is an inspiration to the forces of liberty around the world. When we started our journey of democracy in 1947, we were a new nation with a handful of challenges. We have overcome trials and tribulations and grown in strength to be a vibrant democracy today," he said.

Dwelling on democracy, the President India and Turkey share a deep commonality in respective political structures and the success of lies in the democratic institutions in responding to the challenges.

"They have to usher in the change and achieve the progress that we desire in our two countries. A key factor that can contribute to its achievement is Good Governance," he said.

"Good governance is critically dependent on the existence of some fundamental pre-requisites. At the core is the inviolable adherence to rule of law and delivery of justice. From these principles would emanate the existence of participatory decision-making structure, transparency, responsiveness, accountability, equity and inclusiveness," he said.

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News Network
January 6,2020

Jan 6: India’s Finance Ministry has delivered a challenge to its revenue collectors: meet tax targets despite $20 billion of corporate tax cuts.

Through a video conference on Dec. 16, officials were exhorted to meet the direct tax mop-up target of 13.4 trillion rupees ($187 billion), a government official told reporters. Collection in the eight months to November grew at 5% from a year earlier, against the desired 17%.

The missive shows Prime Minister Narendra Modi’s urgent need to buoy public finances in a slowing economy where April-November tax collections were half the amount budgeted. Authorities withheld some payments to states and have capped ministries’ expenditure as the fiscal deficit ballooned beyond the target.

The government’s efforts to maintain its deficit goal goes against advice from some quarters, including central bank Governor Shaktikanta Das, who urged more spending to spur economic growth.

It’s uncertain though how much room Modi’s administration has to boost expenditure, given that it may already be borrowing as much as 540 billion rupees through state-run companies, a figure that isn’t reflected on the federal balance sheet. Uncertainty about public finances pushed up sovereign yields in November and December, compelling Das to announce unconventional policies to keep costs in check.

“This is not a time to conceal the fiscal deficit by off-budget borrowing or deferring payments,” said Indira Rajaraman, an economist and a former member of the Reserve Bank of India’s board. “If they were to stick to the target, that would be catastrophic because there is so much pump-priming that is needed right now.”

GDP grew 4.5% in the quarter ended September, the slowest pace in more than six years as both consumption and investments cooled in Asia’s third-largest economy. Only government spending supported the expansion, piling pressure on Modi to keep stimulating.

S&P Global Ratings warned in December it may downgrade India’s sovereign ratings if economic growth doesn’t recover. Government support seems to be waning now, with ministries asked to cap spending in the final quarter of the financial year at 25% of the amount budgeted rather than 33% allowed earlier. This new rule will hamstring sectors including agriculture, aviation and coal, where not even half of annual targets have been disbursed.

As the federal government runs short of money, it’s been delaying payouts to state administrations.

Private hospitals have threatened to suspend cash-less services to government employees over non-payment of dues, while a builder informed the stock exchange about delayed rental payments from no less than the tax office itself.

India is considering a litigation-settlement plan that will allow companies to exit lingering tax disputes by paying a portion of the money demanded by the government, the Economic Times newspaper reported Saturday.

The move will help improve the ease of doing business besides unlocking a part of the almost 8 trillion rupees ($111 billion) caught up in these disputes. The step, which is being considered as part of the annual budget, could also bridge India’s fiscal gap.

Finance Minister Nirmala Sitharaman has refused to comment on the deficit goal before the official budget presentation due Feb. 1.

A deviation from target, if any, “will need to be balanced with a credible consolidation plan further-out,” said Radhika Rao, an economist at DBS Group Holdings Ltd. in Singapore.

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News Network
July 1,2020

Mumbai, Jul 1: Mumbai police on Wednesday imposed section 144 of CrPC prohibiting the movement of people in public places and gatherings, to prevent the spread of Covid-19, an official said.

The prohibitory order, issued by a senior police official, says restrictions on the movement of residents for non- essential work will remain in force till July 15.

The order prohibits "presence or movement of one or more persons in public places or gathering of any sort", the official said.

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Agencies
May 14,2020

Mumbai, May 14: The Shiv Sena on Thursday raised questions over the Centre's Rs 20 lakh crore stimulus package announced to revive the COVID-hit economy, and asked if India is not a "self-reliant" country at present.

An editorial in Sena mouthpiece 'Saamana' wondered how Rs 20 lakh crore will be raised, and opined that an environment needs to be created where industrialists, trade and business sectors are encouraged to invest.

On the path of new self-reliance, India cannot afford industrialists running away, and for that "political institutions like the ED and CBI need to be put in lockdown for some time," it said.

Prime Minister Narendra Modi on Tuesday announced new financial incentives on top of the previously announced packages for a combined stimulus of Rs 20 lakh crore, saying the COVID-19 crisis has provided India an opportunity to become self-reliant and emerge as the best in the world.

The Sena said the country is being told that the package will be beneficial for MSMEs (micro, small and medium enterprises), poor labourers, farmers and the tax-paying middle class.

"The package (as per the Centre) will reach 130 crore Indians and the country will become self-reliant. Does this mean India is not a self-reliant country at present?" the Marathi daily asked.

It is good that PPE kits and N95 masks are now being manufactured in India, it said.

"Any country progresses ahead while learning from crisis and through struggle. Before Independence, not even a needle was manufactured in India but in 60 years, India became self-reliant in science, technology, agro business, defence, manufacturing and atomic science," it said.

An institution like the Indian Council of Medical Research (ICMR), which is helping in the manufacturing of PPE kits, is part of the self-reliant India, it noted.

Wondering how Rs 20 lakh crore, as announced in the central package, will be raised, the Sena said an "environment needs to be created where industrialists, trade and business sectors will be encouraged to invest".

"India, on path of new self-reliance, cannot afford industrialists running away, and for that political institutions like the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) need to be put in lockdown for some time," the paper said.

Despite announcing the 'lockdown-4' and the economic package, why its impact has not been reflected in the share market? it asked.

"Investors are in a dilemma. The prime minister and chief ministers must show them trust and support," it said.

"Earlier it was Pandit Nehru and now it is Modi. If (former prime minister) Rajiv Gandhi had not laid the foundation of a digital India, there wouldn't be video conference of PM, CMs and bureaucracy in times of coronavirus," the Uddhav Thackeray-led party said.

It agreed with Modi that coronavirus will stay for long, and lives need not revolve around it.

"We need to get back on our feet again," the Sena said.

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