Opposition slams government on price rise

July 9, 2014

Arun JaitleyNew Delhi, Jul 9: Government on Wednesday came under scathing attack from the opposition on the issue of price rise with members taking a dig at BJP, wondering where the “achche din” (good days), promised by Prime Minister Narendra Modi, have gone.

In a discussion on price rise, they expressed concern over rising prices of essential commodities and asked the government to act against hoarders to contain inflation.

Initiating a discussion in Lok Sabha, Congress leader Amarinder Singh also demanded a complete ban on onion export to control its soaring prices.

The discussion under a rule that does not entail voting was taken up after Speaker Sumitra Mahajan rejected the opposition notices on an adjournment motion on the issue and said she was ready to have a general discussion.

He asked “where is the achche din” promised by BJP during election campaign and slammed Finance Minister Arun Jaitley’s statement that food prices are under control and there is no need to panic.

Mr. Singh said the farmers who produce vegetables including potatoes, onion and tomatoes were selling their produce at low price and hoarders and middlemen were responsible for shooting up of prices such essential commodities.

“There has been a 250 per cent increase in the prices of onion, tomatoes and potatoes. Have you taken any step against middlemen? ...Tackle hoarding to control prices in the short run. I hope the government will take action against hoarders,” he said.

BJP hit back, with its member Anurag Thakur saying the price rise being witnessed currently was a result of policies of the previous Congress-led government.

He said prices of essential commodities were being kept under check by Narendra Modi government in total contrast to Manmohan Singh government when prices of food items rose manifold.

The CPI(M) member P. Karunakaran, interestingly, criticised Congress for raising the issue of price rise, saying its government did not take any “concrete” action to control inflation during its 10-year rule.

“Why did not you take steps in 10 years. You were not ready to take any concrete step to control price rise. You were not ready to listen,” he told Congress members who were attacking the Narendra Modi government over the issue.

The MP from Kerala reminded the government that it had come to power raising the issue of price rise and said Modi should show sincerity in fulfilling election promises and look after the interests of the poor.

He referred to 6.5 per cent recent hike in freight rates, saying such steps have a cascading effect and finally lead to increase in the prices of essential commodities.

“I want to know whether you have political will to reduce excise duty, reduce VAT and change tax structure as promised during the last Lok Sabha elections,” he said, a day ahead of the presentation of the General Budget.

Drawing attention towards the rising prices of onion, Amarinder Singh, Congress Deputy Leader in the Lok Sabha, said government was still exporting the vegetable and demanded its complete ban.

The former Punjab Chief Minister said the prices have been going up since the Modi government took over.

Citing the continuous rise in prices of petrol and diesel, Singh said this was also one of the main reasons for the rising prices of food articles.

”...Anything that is transported...the prices will automatically go up...What about the promises you have made to the people (during election campaign),” he asked.

He said that it was not only vegetables, prices of wheat and rice were also going up.

Amarinder Singh said the government should come up with a price support mechanism for the benefit of farming community.

He termed as “ridiculous” Finance Minister Arun Jaitley’s recent statement that there is no need to panic, contending that all sections including daily wage earners, salaried class and 400 million people living Below Poverty Line were worried over price rise.

Mr. Singh also expressed concern over reports of NDA government planning to do away with pro-poor measures brought by the previous UPA government including MNREGA and Food Security Act.

Mr. Thakur said Congress should not talk about price rise as it did nothing to control inflation during the 10 years when it was in power.

“When they (Congress) talk about price, it is a self-goal. It is really painful to hear you talking on price rise. If someone is responsible for price rise, it is you (Congress),” the BJP leader said.

“What did we get as a legacy of the UPA government? We got empty coffers,” he said.

Thakur said during the 10 years rule of UPA, Parliament had discussed the issue of price rise 17 times, while during the six years rule of Atal Bihar Vajpayee led NDA, there was just one discussion on price rise.

“Despite having an economist Prime Minister, you could not change the economic situation of the country. You have changed the Finance Minister several times, but you could not change the economy,” he said.

Apparently taking a dig at Amarinder Singh without taking his name, Mr. Thakur said it was heartening to hear “maharajas” talk about “daal, roti”. Mr. Singh is the erstwhile maharaja of Patiala in Punjab.

This invited strong protest by Leader of Congress Mallikarjun Kharge, who said Mr. Thakur was making personal attack on Singh while he should be talking on policies.

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News Network
March 6,2020

New Delhi, Mar 6: Union Finance Minister Nirmala Sitharaman on Friday will move the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019 for consideration and passing in Lok Sabha.

In December last year, the Union Cabinet had approved a proposal to promulgate an ordinance to amend the Insolvency and Bankruptcy Code (IBC) 2016.

The amendments will remove certain ambiguities in the IBC 2016 and ensure smooth implementation of the code, an official statement said.

The move is aimed at easing the insolvency resolution process and promoting the ease of doing business. Aimed at streamlining of the insolvency resolution process, the amendments seek to protect last-mile funding and boost investment in financially-distressed sectors.

Under the amendments, the liability of a corporate debtor for an offence committed before the corporate insolvency resolution process will cease.

The debtor will not be prosecuted for an offence from the date the resolution plan has been approved by the adjudicating authority if a resolution plan results in change in the management or control of the corporate debtor to a person who was not a promoter or in the management or control of the corporate debtor or a related party of such a person.

The amendments are aimed at providing more protection to bidders participating in the recovery proceedings and in turn boosting investor confidence in the country's financial system.

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News Network
April 15,2020

New Delhi, Apr 15: CPI-M leader Sitaram Yechury has sought a substantial increase in relief spending of the Central government in the fight against coronavirus, saying that there should be cash transfer of Rs 7,500 to families not paying income tax and distribution of free foodgrains to all needy.

In an article in the forthcoming issue of the party's mouthpiece -- People's Democracy -- Yechury said that India ranks among the countries that are testing the least for the coronavirus and testing should be increased rapidly.

Yechury said the financial stimulus package should be raised from the current 0.8 per cent to at least 5 per cent of GDP and States should be provided liberal funding.

"We must ensure that there are no starvation deaths that occur in our country. It is, therefore, imperative that the government must immediately implement a Rs 7,500 ex gratia cash transfer to all non-income tax-paying families and resort to universal distribution of free foodgrains to all needy people," Yechury said.

He said all MGNREGA workers should be paid wages irrespective of work and employers should be assisted financially to protect workers from job losses and wage cuts and arrangement should be made for the return of migrant workers to their homes.

"Testing is of crucial importance to identify the clusters where the pandemic is spreading in order to isolate and insulate them to contain the community spread. Inadequate testing does not provide us with such information. It is dangerous both for the inability to contain the spread and to identify the critical areas," the article said.

It said that till April 9, India's record of testing was 0.092 per thousand, while in Germany it was 15.96, Italy 14.43, Australia 12.99, Denmark 10.73 and Canada 9.99. "Unless our testing rate increases substantially, our strength to combat the pandemic will not grow," the article said.

Yechury said that the first case in India was reported on January 30 and "no substantive measures were taken despite this for seven long weeks" until the declaration of the lockdown on March 24.

"As far as the lockdown is concerned, many countries in the world moved with greater urgency - China locked down Wuhan on January 23, the whole of Italy was locked down on March 10, USA declared a national emergency on March 13, Spain on March 14, France on March 17 and UK on March 23," he said.

Yechury said the people were looking forward to the Prime Minister's address to the nation on the last day of the three-week countrywide lockdown.

"These three weeks have thrown up many experiences that need to be addressed urgently in order, both, to strengthen our fight against the COVID-19 pandemic and to protect the lives and survival of crores of our fellow citizens. On none of these issues of vital importance did the Prime Minister have anything substantial to say," he said.

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News Network
April 8,2020

New Delhi, Apr 8: The death toll due to the novel coronavirus rose to 149 and the number of cases to 5,194 in the country on Wednesday, according to the Union Health Ministry.

While the number of active COVID-19 cases is 4,643, as many as 401 people were cured and discharged and one had migrated, it said.

The total number of cases include 70 foreign nationals.

According to the ministry's data updated at 9 a.m., 25 new deaths have been reported since Tuesday.

Sixteen deaths were reported from Maharashtra, two each from Delhi, West Bengal, Haryana and Tamil Nadu and one from Andhra Pradesh.

Maharashtra has reported the most coronavirus deaths at 64, followed by Gujarat  and Madhya Pradesh at 13 each and Delhi at 9.

Telengana, Punjab and Tamil Nadu have reported seven fatalities each.

West Bengal has registered five deaths, Karnataka and Andhra Pradesh have reported four each, Uttar Pradesh, Haryana and Rajasthan have recorded three deaths each.

Two deaths each have been reported from Jammu and Kashmir and Kerala.

Bihar, Himachal Pradesh and Odisha reported one fatality each, according to the health ministry data.

However, a PTI tally of figures reported by various states as on Tuesday 9.45 p.m. showed 5,192 testing positive across the country and at least 162 deaths.

There has been a lag in the Union Health Ministry figures, compared to the numbers announced by different states, which officials attribute to procedural delays in assigning the cases to individual states.

The highest number of confirmed cases in the country are from Maharashtra at 1018, followed by Tamil Nadu at 690 and Delhi with 576 cases.

Telengana has reported 364 COVID-19 cases followed by Kerala at 336.

Rajasthan has 328 cases, Uttar Pradesh has 326 and Andhra Pradesh reported 305 coronavirus cases.

Novel coronavirus cases have risen to 229 in Madhya Pradesh, 175 in Karnataka and 165 in Gujarat.

Haryana has 147 cases, Jammu and Kashmir has 116, West Bengal has 99 and Punjab has 91 positive patients so far. Odisha has reported 42 coronavirus cases.

Thirty- eight people were infected with the virus in Bihar while Uttarakhand has 31 patients and Assam 27.

Chandigarh  and Himachal Pradesh have 18 cases each while Ladakh has 14 positive patients so far.

Ten cases each have been reported from the Andaman and Nicobar Islands and Chhattisgarh. 

Goa has reported seven COVID-19 infections, followed by Puducherry at five cases. Jharkhand has reported four cases and Manipur two. 

Tripura, Mizoram and Arunachal Pradesh have reported one case each.

"State-wise distribution is subject to further verification and reconciliation," the ministry said on its website.

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