UP official's letter on rebuilding Ram temple at Ayodhya creates flutter

October 12, 2013

AyodhyaLucknow, Oct 12: A communique of the UP government convening a meeting of senior police officers and the district magistrate of Faizabad to discuss the reconstruction of a Ram temple at Ayodhya on the lines of rebuilding of Somnath temple created a flutter here, even triggering speculation in political circles.

The communique issued by Satish Chandra Mishra, secretary to the state government, instructed the DGP and other senior police officers to attend a meeting convened on Monday evening in connection with the "enactment of a law in Parliament for construction of a temple at Shri Ramjanmabhoomi on the lines of the reconstruction of Somnath Mandir".

Going by the people called for the meeting, all of them police officers with the exceptions of principal secretary (home) R M Srivastava and the district magistrate of Faizabad whose jurisdiction includes Ayodhya, the purpose of the exercise seemed, on the face of it, to be related to maintenance of law and order.

However, the description of the subject, with a specific mention of the reconstruction of a temple at "Shri Ramjanmabhoomi on the lines of the reconstruction of temple at Somnath", left many intrigued.

"Shri Ramjanmabhoomi" is pretty much a Sangh Parivar term for the disputed site. The reference to Somnath also stood out as the BJP and Sangh Parivar have defended their campaign for the construction of Ram temple at Ayodhya by drawing an analogy of government's support for reconstruction of the legendary Shiv temple at Somnath after independence.

Also, VHP has for long demanded a central law to facilitate the construction of Ayodhya temple.

When contacted, principal secretary (home) Srivastava, who has to chair the meeting, sought to tamp down the speculation about the purpose of the meeting by saying it was meant only to discuss the repercussions of VHP's fresh plan to revive its temple campaign. He said that VHP has planned to observe a Sankalp Diwas where its cadre will take a fresh pledge to build the Ram temple.

Srivastava also counseled against reading meaning into the reference to reconstruction project at Somnath. The senior bureaucrat explained that VHP had organised a similar Sankalp Diwas at Somnath earlier, and this may have been the reason for the reference,

However, many remained sceptical, pointing out that seasoned officers are not expected to be casual while drafting communiques on issues as sensitive as Ayodhya.

The disbelief stems from the political backdrop where Gujarat CM Narendra Modi's projection as BJP's PM candidate is interpreted as a prelude to the revival of hardline Hindutva themes, including the construction of Ram temple, in the saffron party's campaign. Some wondered whether SP was trying to outflank the BJP by defusing a potential plank of Modi?

Others disagreed, saying that Mulayam Singh Yadav would not risk the "Maulana" standing that he acquired among Muslims by taking a tough stand against temple campaign in 1990, particularly after the SP government's handling of communal riots has been criticized. "It would have made sense to us if you had said that the meeting had been called to reconstruct the mosque," said a senior SP leader when asked about the letter.

The officials who have been asked to attend the meeting to be held at the principal secretary's office at annexe, include DGP, ADG (law and order), ADG (Intelligence), IG (law and order), IG (railways), IG (Lucknow Zone), DM and SSP, Faizabad.

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News Network
February 2,2020

Feb 2: Prime Minister Narendra Modi’s second budget in seven months disappointed investors who were hoping for big-bang stimulus to revive growth in Asia’s third-largest economy.

The fiscal plan -- delivered by Finance Minister Nirmala Sitharaman on Saturday -- proposed tax cuts for individuals and wider deficit targets but failed to provide specific steps to fix a struggling financial sector, improve infrastructure and create jobs. Stocks slumped as a proposal to scrap the dividend distribution tax for companies failed to impress investors.

"Far from being a game changer, the budget provides little in terms of short-term growth stimulus,” said Priyanka Kishore, head of India and South East Asia economics at Oxford Economics Ltd. in Singapore. “While income tax cuts will provide some relief on the consumption front, the multiplier effect is low and the overall stance of the budget is not expansionary."

India has gone from being the world’s fastest-growing major economy three years ago, expanding at 8%, to posting its weakest performance in more than a decade this fiscal year, estimated at 5%.

While the government has taken a number of steps in recent months to spur growth, they’ve fallen short of spurring demand in the consumption-driven economy. Saturday’s budget just added to the glum sentiment.

Okay Budget

“It’s an okay budget but not firing on all cylinders that the market was hoping for,” said Andrew Holland, chief executive officer at Avendus Capital Alternate Strategies in Mumbai.

The government had limited scope for a large stimulus given a huge shortfall in revenues in the current year. The slippage induced Sitharaman to invoke a never-used provision in fiscal laws, allowing the government to exceed the budget gap by 0.5 percentage points. The result: the deficit for the year ending March was widened to 3.8% of gross domestic product from a planned 3.3%.

On Friday, India’s chief economic adviser Krishnamurthy Subramanian said reviving economic growth was an “urgent priority” and deficit goals could be relaxed to achieve that. The adviser’s Economic Survey estimated growth will rebound to 6%-6.5% in the year starting April.

The fiscal gap will narrow to 3.5% next year, as the government budgeted for gross market borrowing to rise marginally to 7.8 trillion rupees from 7.1 trillion rupees in the current year. A plan to earn 2.1 trillion rupees by selling state-owned assets in the year starting April will also help plug the deficit.

Total spending in the coming fiscal year will increase to 30.4 trillion rupees, representing a 13% increase from the current year’s budget, according to latest data.

Key highlights from the budget:

* Tax on annual income up to 1.25 million rupees pared, with riders

* Dividend distribution tax to be levied on investors, instead of companies

* Farm sector budget raised 28%, transport infrastructure gets 7% more

* Spending on education raised 5%

* Fertilizer subsidy cut 10%

Analysts said the muted spending plan to keep the deficit in check will lead to more downside risks to growth in the coming months.

“It is very doubtful that the increase in expenditure will push demand much,” Chakravarthy Rangarajan, former governor at the Reserve Bank of India told BloombergQuint, adding that achieving next year’s budget deficit goal of 3.5% of GDP was doubtful.

With the government sticking to a conservative fiscal path, the focus will now turn to central bank, which is set to review monetary policy on Feb. 6. Given inflation has surged to a five-year high of 7.35%, the RBI is unlikely to lower interest rates.

What Bloomberg’s Economists Say:

The burden of recovery now falls solely on the Reserve Bank of India. With inflation breaching RBI’s target at present, any rate cuts by the central bank are likely to be delayed and contingent upon inflation falling below the upper end of its 2%-6% target range.

-- Abhishek Gupta, India economist

Governor Shaktikanta Das may instead focus on unconventional policy tools such as the Federal Reserve-style Operation Twist -- buying long-end debt while selling short-tenor bonds -- to keep borrowing costs down.

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News Network
February 1,2020

New Delhi, Feb 1: Finance Minister Nirmala Sitharaman promised to make India a higher education destination, as she unveiled the government’s plan to invest in the education sector in her Budget speech.

“We propose Rs 99,300 crore for education sector in 2020-21 and Rs 3,000 crore for skill development,” said Sitharaman. While there is an increase of 4.6 per cent in the education spending than last year, the budget for skill development remains almost unchanged. Sitharaman also announced holding IND-SAT exam in African and Asian countries, for foreign candidates who wish to study in India.

The Finance Minister had listed three themes of the Union Budget 2020 while presenting the financial statement of the government in Parliament: Aspirational India to boost the standard of living, economic development for all, and building a humane and compassionate society. The spend under education is being done under aspirational India, “which focusses on focussed on skills, education, and agriculture” said Sitharaman.

“A degree-level full-fledged online education programme will be offered by institutes in top 100 in National Institutional Ranking Framework,” said Sitharaman, adding that Centre will announce a new education policy soon. “The government has received over 2 lakh suggestions on it.”

Further giving boost to India’s import of skilled human capital, Sitharaman said, “I propose special bridge course for nurses and medical professional for labour export to countries who open their door for such jobs.”

“Steps will be be taken to attract external commercial borrowing and Foreign Direct Investment (FDI) in the education sector,” the finance minister added.

She further said the government plans to start a programme for urban local bodies to provide opportunities for internship to young engineers.

The Finance Minister also said National Police University and National Forensic University are being proposed.

The government has also proposed to attach medical colleges with district hospitals on PPP model to deal with shortage of doctors, Sitharaman added.

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News Network
July 21,2020

New Delhi, Jul 21: With a spike of 37,148 cases and 587 deaths reported in India in the last 24 hours, the total number of COVID-19 cases stands at 11,55,191, according to the Union Ministry of Health and Family Welfare.

The total number of cases include 4,02,529 active cases, 7,24,578 cured/discharged/migrated and 28,084 deaths, the ministry informed.

Maharashtra remains the worst affected state with 3,18,695 cases and 12,030 deaths.
The second worst-hit state, Tamil Nadu has reported 1,75,678 COVID-19 cases so far while Delhi has reported 1,23,747 cases, according to the Health Ministry.

Meanwhile, as per the information provided by the Indian Council of Medical Research (ICMR), 1,43,81,303 samples have been tested for COVID-19 up to July 20. Of these 3,33,395 were tested yesterday.

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