Quota for Muslims triggers storm

April 25, 2014

New Delhi, Apr 25: A Congress promise of reservation for backward Muslims on Friday kicked up a row with BJP calling it a “last desperate” act on its part to get some votes, a charge rejected outright by Congress which said it has not come out with any supplementary manifesto.Kapil_Sibal

“Congress has not come out with any sub-manifesto,” party spokesperson and Law Minister Kapil Sibal said on Friday maintaining that the issue of sub-quota for backward Muslims is pending in the Supreme Court and as long as the matter is not resolved there the party cannot do anything.

“These are only suggestions made in the process of public consultation. We have put it before people. When Congress comes to power, we will take it forward. These are suggested policies and programmes, which have come up at the open manifesto consultation process. These are suggestions for consideration, when the government comes to power. When we are open to it, we have a right to consider it as and when the Supreme court decides it. This is the best possible way. There is nothing wrong with that. There is no appeasement. We must respect the sentiments of the public,” Mr. Sibal said.

He was asked about reports that the Congress has put on its website a sub-manifesto in a fresh minority pitch promising quota reservation in jobs for backward Muslims.

When told that that these are not mere suggestions as Congress had announced a minority sub-quota before the Assembly elections in Uttar Pradesh as well, the Union Minister said, “Yes, we had announced it even in UP but the matter is pending in the Supreme Court. How can we do it unless the Supreme Court decides it.”

He added that in some states like Andhra Pradesh reservation has been made for backward minorities. The matter is now pending with the Supreme Court.

The BJP accused the Congress of releasing an additional manifesto promising reservation for backward Muslims, saying it is their “last desperate” act to get some votes and people will not believe in a “supplementary manifesto of a losing party”.

“Losers may promise the moon tomorrow. But the people have suffered under their 10 years rule. So nobody is willing to discuss it also,” BJP spokesman Prakash Javadekar told reporters.

Congress had put out these suggestions under the caption “Suggested Policies and Programmes for Consideration of Congress Government (2014-2019): Empowerment of Minorities” almost two weeks ago.

Under the sub title “The Detailed Action Plan 2014-2019”, the party said that the Congress-led IPA government has taken steps to address the conditions of backward minorities by providing for reservation in education and institutions and in government employment.

“We will pursue this closely in the Supreme Court and ensure that the policy is implemented through proper legislation,” it said.

It also listed “extension of Scheduled Caste status to all Dalit Minorities” as among the expectations expressed by some groups, which will continue to guide Congress’ efforts toward their development.

Besides, it noted that earmarking of 4.5 per cent reservation for backward Muslims in the existing OBC quota as also among one of the expectations of people from Congress.

The party suggested formation of a committee to enquire into the socio-economic status of Sikhs, Christians, Buddhists, Jains, Parsis and Muslims to ensure “equitable access to government benefits”.

Under its Open Manifesto Process, Congress consulted with all stakeholders and incorporated some of their suggestions on various issues in the Suggested Policies and Programmes for Consideration of Congress Government (2014-2019).

The suggested policies and programmes have now been added to the Manifesto section on the party website, Congress spokesman Randeep Surjewala had said a fortnight back.

In the section, the party said, it was “committed to finding a way forward towards all such expectations of these groups by putting in concerted efforts” like earmark reservation of 4.5 percent to backward Muslims in the existing OBC’s reservations and extension of SC status to all Dalit minorities.

The other such expectations to which it showed its commitment include setting up of an Empower Equal Opportunity Commission to check discrimination against Minorities in employment and education.

In its Plan of Action, it said, “The Communal Violence Bill, which was drafted and introduced by Congress will be passed as a matter of priority.”

Claiming that much work has been done to implement the recommendations of the Sachar Committee, the Congress said it will work tirelessly to ensure that every single suggestion is reviewed and efforts are made for its implementation.

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News Network
February 29,2020

New Delhi, Feb 29: The father of Intelligence Bureau staffer Ankit Sharma, whose body was pulled out of a drain in northeast Delhi's riot-hit Chand Bagh, complained to police that goons had assembled at the residence of former AAP counselor Tahir Hussain and were throwing petrol bombs from the rooftop.

According to the FIR which was registered on Thursday on the basis of the complaint lodged by Ankit's father Ravinder, the goons were also firing from the rooftop.

On Tuesday, Ankit returned from his office at 5 pm and then went outside to buy groceries. When he did not return, the family started looking for him and later filed a missing report, the FIR stated.

They got to know from their neighbours that a body has been recovered from a drain… later it was found to be that of Anikt, it said, adding the body had multiple stab injuries on the face, head, back, and chest.

The family has alleged in the FIR that it was Hussain and the goons at his residence who killed Ankit. In the FIR, Hussain has been accused of murder, destruction of evidence and abduction.

Soon after the FIR was registered on Thursday, the AAP suspended Tahir Hussain from the primary membership of the party till the police completed its probe.

The death toll in Delhi's communal violence rose to 42 on Friday as the situation showed some signs of returning to normalcy and clouds of smoke cleared to reveal the extent of the damage from the worst riots in the city in over three decades.

A total of 148 FIRs have been registered and 630 people have been either arrested or detained so far in connection with the communal violence, a Delhi Police spokesperson said.

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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
March 28,2020

Mumbai, Mar 28: Industrialist Ratan Tata on Saturday announced that Tata Trusts has committed Rs 500 crore for the medical supplies and equipments which will help combat the coronavirus outbreak.

"The COVID-19 crisis is one of the toughest challenges we will face as a race. The Tata Trusts and the Tata group companies have in the past risen to the needs of the nation. At this moment, the need of the hour is greater than any other time," said Ratan Tata, in an official release.

"Tata is committing Rs 500 crore for: personal protective equipment for the medical personnel on the frontlines; respiratory systems for treating increasing cases; testing kits to increase per capita testing; setting up modular treatment facilities for infected patients and knowledge management and training of health workers and the general public," Tata added.
Tata Chairman also expressed his deep gratitude for the members of all the organizations who are fighting coronavirus at the frontline, puting their life at risk.

"The Tata Trusts, Tata Sons and the Tata group companies are joined by committed local and global partners as well as the government to fight this crisis on a united public health collaboration platform which will strive to reach out to sections that are underprivileged and deprived," he added.

According to the Ministry of Health and Family Welfare (MoHFW), there are 873 confirmed cases of coronavirus cases in the country and 19 fatalities have been reported.

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