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
May 21,2020

New Delhi, May 21: The Airports Authority of India (AAI) issued a standard operating procedure (SOP) to airport operators on Wednesday for recommencement of domestic flights from May 25 onwards, saying Aarogya Setu app is not mandatory for children below 14 years of age.

"Passengers shall compulsorily walk through screening zone for thermal screening at a designated place in the city side before entering the terminal building," the AAI said in its SOP, which has been accessed by news agency.

Airport operators must make appropriate arrangements for sanitisation of a passenger's baggage before his or her entry into the terminal building, said the SOP dated May 20.

The AAI manages more than 100 airports across the country. However, major airports like Delhi, Mumbai, Bengaluru and Hyderabad are managed by private companies. 

Civil Aviation Minister had announced on Wednesday that domestic flight services would resume from May 25 onwards in a calibrated manner.

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News Network
January 20,2020

New Delhi, Jan 20: Surging inflation and slowing growth are raising serious concerns about the future growth prospects of the economy and as a remedial measure the government should resolve supply-side hurdles and ensure more stringent governance norms, a report said on Monday.

According to the Dun and Bradstreet Economy forecast, even though the Index of Industrial Production (IIP) turned positive in November 2019, it is likely to remain subdued.

"Slowdown in consumption and investment along with high inflationary pressures, geopolitical issues and uncertainty over the recovery of the economic growth are likely to keep IIP subdued," the report noted.

Dun and Bradstreet expect IIP to remain around 1.5-2.0 percent during December 2019.

As per government data, industrial output grew 1.8 percent in November, turning positive after three months of contraction, on account of growth in the manufacturing sector.

On the price front, uneven rainfall along with floods in many states and geopolitical issues have led to a surge in headline inflation even as demand remains muted.

The Consumer Price Index (CPI) in December rose to about five-and-half year high of 7.35 percent from 5.54 percent in November, mainly driven by high vegetable prices.

"The sharp rise in inflation has constrained monetary policy stimulus while revenue shortfall has placed limits on the government expenditure," Dun & Bradstreet India Chief Economist Arun Singh said.

According to Singh, growth-supporting measures and deceleration in growth are likely to cause slippage in fiscal deficit target by a wider margin.

"The government should focus on taking small steps to address the slowdown; in particular, resolve the supply-side hurdles and ensure more stringent governance norms," Singh said.

Unless these concerns are addressed through a comprehensive policy framework, it will not be easy for India to clock a sustainable growth rate to become a USD 5 trillion economy, he added.

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Agencies
May 31,2020

New Delhi, May 31: The fourth phase of the coronavirus-triggered lockdown, which began on May 18, saw 85,974 COVID-19 cases till 8 am on Sunday, which is nearly half of the total cases reported in the country so far.

Lockdown 4.0, which will end on May 31 midnight, has accounted for 47.20 per cent of the total coronavirus infection cases, number crunching from the Union Health Ministry data reveals.

The lockdown, which was first clamped on March 25 and spanned for 21 days, had registered 10,877 cases, while the second phase of the curbs that began on April 15 and stretched for 19 days till May 3, saw 31,094 cases.

The third phase of the lockdown that was in effect for 14 days ending on May 17, recorded 53,636 cases till 8 am of May 18.

The country had registered 512 coronavirus infection cases till March 24.

India is the ninth worst-hit nation by the COVID-19 pandemic as of now.        

The first case of COVID-19 in India was reported on January 30 from Kerala after a medical student of Wuhan university, who had returned to India, tested  positive for the virus.

India registered its highest single-day spike of COVID-19 cases on Sunday, with 8,380 new infections reported in the last 24 hours, taking the country's tally to 1,82,143, while the death toll rose to 5,164, according to the Union Health Ministry.

The number of active COVID-19 cases stood to 89,995, while 86,983 people have recovered and one patient has migrated, it said.

"Thus, around 47.75 per cent patients have recovered so far," a senior Health Ministry official said.

With the fourth phase of lockdown ending on Sunday, the Home Ministry on Saturday said 'Unlock-1' will be initiated in the country from June 8 under which the nationwide lockdown will be relaxed to a great extent, including opening of shopping malls, restaurants and religious places, even as strict restrictions will remain in place till June 30 in the country's worst-hit areas.

While announcing the extension of the lockdown in containment zones across the country, the Home Ministry said temples, mosques, churches and other religious places and shopping malls will be allowed to open in a phased manner from June 8, while a decision on opening of schools and colleges will be taken in July in consultation with states.

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