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Sena attack BJP, dubs Cong, NCP as "dead snakes"

October 14, 2014

Mumbai, Oct 14: A day after the high decibel campaign for Maharashtra Assembly polls ended, the Shiv Sena today launched a fresh attack on its former ally BJP, terming it as "hungry for power" even as it likened the Congress and the NCP to "dead snakes".

Uddhav-Thackeray"The BJP asks us who the real enemy of Shiv Sena is and who are we fighting against. But the Congress and the NCP are like dead snakes, so there is no danger to us from these parties. But it is imperative now, for the benefit of Maharashtra, that we bring to forefront the hypocrisy of our one-time friends," the Sena said in its editorial mouthpiece 'Saamna'.

Terming BJP as a party "hungry for power", Sena said their former ally's sole motive is to defeat them, which prompted it to unilaterally snap the 25-year-old alliance with Sena.

"The BJP brought a large contingent of its MPs from various states to the battleground. The Prime Minister, the Home Minister and several Central ministers too were roped in to ensure the defeat of the Sena," it said.

The Sena also accused the BJP of indulging in caste-based politics and regionalism.

"Until yesterday, regional leaders like (SP chief) Mulayam Singh Yadav, (RJD president) Lalu Yadav and (former Haryana Chief Minister) Bhajan Lal used to come here (Maharashtra) and indulge in votebank politics. And today it seems that entire Gujarat has come to Maharashtra to try and muddle the minds of Gujarati voters.

"But the commitment of Gujaratis for Maharashtra and their love for Balasaheb Thackeray will make them stand behind the Sena without doubt," it added.

The state Assembly polls for the 288-member House will be held tomorrow.

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Agencies
August 6,2020

Mumbai, Aug 6: Former Reserve Bank of India governor Raghuram Rajan said on Thursday that overly focusing on what sovereign rating agencies think can take one's eyes off what needs to be done for the economy.

"It is also important to convince both domestic and international investors that after the crisis associated with the pandemic is over, we will return to fiscal responsibility over the medium term, and the government should do more to convince them of that," Rajan told the Global Markets Forum.

India was placed under one of the strictest lockdowns in the world in late March for more than two months to stem the spread of the coronavirus, but cases have continued to rise steadily since the government eased restrictions in June, stymieing hopes of an economic recovery.

The government has announced several initiatives to help the poor and small- and medium-size businesses, but actual cash outgo from the government's measures has been estimated at just about 1% of GDP.

Several attribute the fiscal prudence to fear of a downgrade after Moody's cut India's rating and outlook in early June followed closely by a change in outlook from Fitch.

The central bank on its part too has reduced the key lending rate by 115 basis points on top of the 135 bps last year and is widely expected to cut rates by another 25 bps later on Thursday.

"The RBI and government have certainly been cooperating, but it seems like it is elsewhere, the ball is in the government's court to do more," Rajan said.

He said the RBI needs to focus on whether credit is reaching the stressed areas of the economy and also if the viable firms were able to access credit and not the unviable ones.

"And I think that's where it has to focus its attentions, because resources, as you well know, are limited in India today."

Recently analysts, however, have cited the growing possibility the RBI may prefer to pause and cut rates only at its October meeting.

Government officials too have suggested the possibility of any more fiscal stimulus being announced, would only come in the second half of the fiscal year, once a recovery has taken root and coronavirus cases have peaked.

"What India should focus on at this point is protecting its economic capabilities, so that when it has dealt with the virus it can go resume activity in a reasonable way. That should be the focus," Rajan said.

"And if it does that, there is no reason why the rating agencies will not see that as an appropriate policy".

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News Network
March 4,2020

Mar 4: Twenty-one Italian tourists and three Indian tour operators have been sent to an ITBP quarantine facility in Delhi on Tuesday for suspected coronavirus exposure, official sources said.

Health Ministry sources said these foreigners, 13 women and eight men, were in the same group of which an Italian and his wife have tested positive in Rajasthan capital Jaipur.

“His (Italian in Jaipur) condition is stable,” a source said.

Three Indians, who were accompanying this Italian group as tour operators, have also been sent to the ITBP facility in Chhawla area of south-west Delhi, they said.

All these people, staying at a five-star hotel in south Delhi, have been put in “preventive isolation” at the ITBP camp and their samples will be taken on Wednesday, sources said.

The centre already has 112 people, 76 Indians and 36 foreigners, since February 27 after they were evacuated by an IAF plane from Wuhan in China, the epicentre of the coronavirus.

The first samples of these 112 people had tested negative when reports came in last week.

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News Network
March 25,2020

New Delhi, Mar 25: The government is likely to agree an economic stimulus package of more than Rs 1.5 lakh crore ($19.6 billion) to fight a downturn in the country that is currently locked down to stem the spread of coronavirus, two sources familiar with the matter told news agency.
The government has not yet finalised the package and discussions are ongoing between Prime Minister Narendra Modi's office, the finance ministry, and Reserve Bank of India (RBI), said both the sources, who asked not to be named as the matter was still under discussion.

One of the sources, a senior government official, said the stimulus plan could be as large as Rs 2.3 lakh crore, but final numbers were still in discussion.

The package could be announced by the end of the week, both sources added.

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