Nitish hits back at Modi, says his dream of PM will remain so

October 29, 2013

Nitish_hitsRajgir (Bihar), Oct 29: Bihar Chief Minister Nitish Kumar today hit back at Narendra Modi, comparing him to Hitler and said his desperate dream to unfurl national flag at Red Fort would remain unfulfilled.

Days after Modi launched an no-holds barred attack on him in a Patna rally, he rejected the accusation that he had "betrayed and backstabbed" socialist stalwarts like Jaiprakash Narayan and Ram Manohar Lohia.

Kumar said Modi neither has "sweetness in his voice" nor "patience" required of somebody aspiring for the top post and questioned his knowledge of history.

"When had I deserted JP's ideology? Just because JP comes in BJP, he (Modi) made the allegation by linking the two together as it rhymes.... Lohia brought parties together to fight Congress. BJP is walking its own path alone. Where is the comparison," he said in his address to his party JD(U)'s convention, accusing BJP of weakening the fight against Congress.

Modi, the Chief Minister said, believed in repeating a lie hundred times to make it sound true. All this talk about Modi wave is also part of this misinformation campaign and there is no truth in it, he alleged.

"His dream to unfurl national flag at Red Fort would remain a dream," Kumar said.

"It is not just dictatorship. It is fascism and those who believe in fascism, their icon is Hilter. They they will do what Hitler did. Hitler's propaganda minister would tell a lie hundreds of times and it would seem to be true. The same thing is happening here now," he said.

Dismissing Modi's barb that he was dreaming to become prime minister, he asked when did he dream to become PM but added that such an aspiration was not a bad thing.

"Gujaratis are very fond of ice-creams but this sweetness is not visible in his (Modi) speech. He kept drinking water, wiping sweat and cursing me... The man dreaming to be on the country's highest post should be sober, why this unnecessary excitement and hurry?

"You can create hype around an individual but it can't ensure your victory. Bihar's poor will vote for those who fight for them. Those aspiring for the top post must speak sweetly with everybody and take everyone along," he said.

Kumar also picked holes in Modi's references to some of their meetings where he alleged that the JD(U) leader was uncomfortable in his presence while sharing a table with him over lunch.

"These are incorrect," he said referring to Modi's claim that he had was not taking food and water at a lunch hosted by the Prime Minister and that the Gujarat leader had to comfort him saying that there were no cameras around.

He also dismissed claim that Modi had served Kumar 'khaman and dhokla' to his heart's content after which he had praised the Gujarat Chief Minister at a lunch in his state years ago.

"When did he host me. What I remember is that I attended the function of the Chief Justice. He (Modi) was a guest and I too was a guest there," Kumar said.

Modi keeps harping about his early days as a tea-seller, Kumar said, adding that he also came from an ordinary family but never made a fuss about it.

"I am the son of a freedom fighter. I am also from an ordinary background.I am an ordinary man, anything can be said against me.

"One can't be a backward leader by just being born in such a family. What you have done for backward castes is important. I do not have the experience of selling tea in stations," he said

On Modi's remarks that Kumar had returned the aid for Kosi flood victims sent by Gujarat, the Bihar Chief Minister said that in Indian culture one does not praise oneself.

"Gujarat government sent money for Kosi flood victims and then they started advertising that they had helped Bihar. If one helps someone, then it should not be advertised. The cheque was returned and then they encashed it."

Questioning him on history, Kumar said, "I also have knowledge of history. I never left Jaiprakash Narayan. He said I backstabbed JP and Ram Manohar Lohia. In fact JP and Lohia had taken on these forces head on and also forced them into corner. I have never compromised on my principles and followed the path shown by JP and Lohia."

In a point-by-point rebuttal in his 90-minute speech, Kumar, Kumar said that while speaking against him at the Patna rally, Modi had in his "excitement" given out wrong historical information.

Acting like a "knowledgeable person", Modi referred to Chandragupta as great king of Gupta dynasty instead of Maurya dynasty which ruled from Patliputra which is now Patna.

"The BJP leader in excitement cited wrong history by saying Taxila was a great historical site in Bihar which is wrong as the place is in North-West Pakistan. Chanakya, the great economist who had written 'Arthasashtra', was a teacher there before coming to Patliputra," a smiling Kumar said, adding he had even visited there once.

"King Alexender had never reached Ganga as he was stopped at river Satluj itself," he said.

He urged the people to ensure that communal forces do not emerge victorious. "Let not your difference lead to communal violence. Let the dream to hoist the Indian flag at the Red Fort be a dream only."

Tracing the events that led to the split Kumar blamed the BJP for breaking the 17-year-old alliance with the JDU.

"What did we want? We suggested that the leader for the prime minister's post should be someone who is accepted by all, someone who works for all.

"If you have to win, there should be single target. You (BJP) have set two targets, one to remove Congress and the second is to take all the credit. It is wrong to blame us whereas you have betrayed us," he said.

"Yesterday you were with me and you would appreciate and praise me. Now that we are not allies and you are finding faults with me," he said.

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News Network
May 13,2020

Lucknow , May 13: Samajwadi Party chief Akhilesh Yadav on Wednesday took a jibe at Prime Minister Narendra Modi over announcing Rs 20 lakh crore special economic package to boost the economy saying that the Centre is again making "false promises to 133 crore Indians".

"Earlier, you promised Rs 15 lakh and now Rs 20 lakh crore. You have made false promises 133 times with 133 crore Indians. How can someone trust you this time? People now are not asking how many zeroes there are but how many false promises have been made," he tweeted (translated from Hindi).

Yesterday, Prime Minister Narendra Modi had announced a Rs 20 lakh crore economic stimulus package for the country fighting COVID-19, stating that it will give a new impetus and a new direction to the self-reliant India campaign.

The Prime Minister had also announced that the fourth phase of lockdown will be completely redesigned with new rules and will commence from May 18.

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News Network
March 25,2020

Kolkata, Mar 25: Amid the countrywide lockdown in the wake of coronavirus outbreak, Chief Minister Mamata Banerjee on Wednesday said that all police stations will take responsibility to deliver food at doorsteps under the supervision of District Magistrates and Police Superintendents.
"As we have to ensure that there is no scarcity of food, all Police stations will take responsibility to deliver food at doorsteps and it will be monitored by District Magistrates and Police Superintendents," said Banerjee at a press conference here.
She also said that under the social pension schemes, the pension holders will get their pension of March and April together.
Speaking on local police blocking people involved in essential services, she said, "The Officer-in-charge will have to ensure that the local police know about the rules and exemptions during the lockdown."
"If any police official or an administrative official is found flouting the lockdown norms, then strict action will be taken against them," she added.
The Chief Minister also said, "If somebody needs to help us by giving materials then they need to contact health department official Sanjay Bansal, whose contact number is - 9051022000."
"The government has also launched a State emergency relief fund wherein people can donate. For donation, the account number is 628005501339, IFSC: ICIC0006280 and website: wb.gov.in," she said.
She also said that on March 31 the government will review the situation.
According to a recent update by the Ministry of Health and Family Welfare, a total of 562 positive cases for coronavirus have been confirmed in the country.

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News Network
April 21,2020

New Delhi, Apr 21: The historic rout in oil markets that sent US crude prices plummeting to as much as minus USD 40 a barrel is unlikely to translate into any big reduction in petrol and diesel prices in India as domestic pricing is based on different benchmark, and refineries are already filled up to brim and cannot buy US crude just yet.

With storage capacity already overflowing amid coronavirus-induced demand collapse, traders rushed to to get rid of unwanted stocks triggering the collapse of US West Texas Intermediate (WTI) crude for May delivery.

Indian Oil Corp (IOC) Chairman Sanjiv Singh said the collapse was triggered by traders unable to take deliveries of crude they had previously booked because of a demand collapse. And so they paid the seller to keep oil in their storage.

"If you look at June futures, it is trading in positive territory... around USD 20 per barrel," he said.

Low oil prices may seem good in short-term but in the long run it will hurt the oil economy as producers will have no surplus to invest in exploration and production which will lead to a drop in production, he said.

He did not comment on retail fuel prices that have been static since March 16.

Oil companies have not changed rates despite a fall in international prices as they first adjusted them against the increase that was warranted from a Rs 3 per litre hike in excise duty and close to Re 1 per litre additional cost of switching over to cleaner BS-VI grade fuel from April 1.

Petrol in Delhi is priced at Rs 69.59 a litre and diesel comes for Rs 62.29 per litre.

"The negative price has no direct impact on India or Indian oil prices, as this has taken place due to crude oil produced and traded within the US. India's prices are driven partly by another benchmark, the Brent, which is still trading at USD 25/barrel. Therefore, the retail price of fuels in India are unlikely to fall," said Amit Bhandari, Fellow, Energy and Environment Studies, Gateway House.

Also, Indian refineries are already overflowing as fuel demand has evaporated due to the unprecedented nationwide lockdown imposed to curb spread of COVID-19. So, they can't rush to buy US crude.

The refineries have already cut operating rate to half because the fuel they produce has not been sold yet.

India imports 4 million barrels/day (1.4 billion barrels/year) of oil. The country has been benefitting from the falling prices of oil for the last five years, when oil dropped from a peak of USD 110/barrel to USD 50-60/barrel last year, enabling India to invest in public service programmes.

"However, the additional USD 30 fall of this week is good for India - but there is also a downside. If oil prices are too low, the economies of oil-rich gulf countries will be hurt, threatening the job prospects of the 8 million Indians working in the Gulf countries. India is the largest recipient of foreign remittances due to these workers – very low oil prices will hurt this cash stream," Bhandari said.

He said the negative price of oil shows how much oil oversupply exists in international markets today. "Global oil consumption has fallen due to the COVID-19 pandemic that traders are willing to pay customers to get rid of the barrels they can't store. The world does not have enough storage capacity, and dumping the oil is an environmental crime."

The first half of April saw Brent crude oil prices plummet 63.6 per cent to USD 26.9 per barrel. Prices of Western Texas Intermediate (WTI), the American oil, had also fallen similarly by 63.1 per cent.

But on April 20, WTI prices turned rapidly negative because traders on the Nymex exchange rushed to offload their May futures positions a day before expiry of contracts (on April 21).

Such WTI futures are traded on the Nymex exchange with contracts settled in physical crude oil. Problem is, those who had gone long are unable to find storage facilities for the oil and had to liquidate their contracts before expiry. This caused the plunge in WTI prices.

Contrast to this, June WTI Nymex futures prices is hovering around USD 21, while Brent for June delivery is at USD 25.

Miren Lodha, Director, CRISIL Research said the demand for crude oil was declining already because of economic slowdown when the COVID-19 pandemic-driven lockdowns crushed it further.

Consequently, oil demand is expected to contract by 8-10 million barrels per day (mbpd) in 2020 assuming demand recovery begins from the third quarter of the year, he said, adding if recovery doesn't happen by then, further demand destruction could occur.

On the supply side, producers reining in output following a strategic deal between OPEC members, Russia and the US.

Under this agreement, OPEC+ would reduce oil production by 9.7 mbpd for May and June, but gradually ease the curb to 7.7 mbpd between July and December 2020, and to 5.8 mbpd till April 2022 to stabilise prices.

"This is expected to reduce some surplus in the market by the end of 2020," Lodha said.

Crude oil demand is expected to decline by over 20 mbpd in April alone. Typically, monthly global demand is about 100 mbpd. Given this scenario, supply curbs would have limited influence.

Consequently, Brent oil prices is expected to be in the USD 25-30 range for the second quarter while increasing marginally in the last 2 quarters of 2020.

"The gigantic inventory build-ups and lack of storage facilities would also put pressure on prices," he said, adding overall Brent could average USD 30-35 in 2020, with a strong downward bias.

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