Sidhu attacks Kejriwal, Badals at the launch of new front

September 8, 2016

Chandigarh, Sep 8: Unveiling a new front in poll-bound Punjab, cricketer-turned-politician Navjot Singh Sidhu today launched a no-holds-barred attack on Akali-BJP combine and Congress, and dubbed AAP as "anarchy in the garb of democracy" led by Arvind Kejriwal who wants only "yes-men".

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Addressing a press conference on the formal launch of "Awaaz-E-Punjab"-- a non-political front for "betterment" of Punjab, the former BJP leader, who quit his Rajya Sabha seat in July, said its aim is to hand over the power of democracy to people after ending "the rule of one family" in the state.

Sidhu said that in the next 15-20 days he will come out with the front's future plan. Launching a frontal attack on the Badals, who have been in power for a decade, he said the "'kaale Badal' (dark clouds) have overshadowed Punjab and people are keen to see sunlight".

"People elect government for themselves and not for a family," he said, alleging that Badals have made Punjab and the party as their family fiefdom.

He also claimed that Akalis and Congress were "two sides of the same coin" who fought a "friendly-match" and ruined Punjab, which needed a change for its better future.

Clearing the air over speculation about his joining AAP, Sidhu claimed that the AAP leadership was after him for the last two years and made many offers, but accused Kejriwal of speaking "half truth" as he was told to not contest but only campaign.

"Kejriwal and his men were luring me for last two years to join AAP. They offered many things, but I only asked them to define my role. I wanted to know his intentions and his aim.

"He told me not to contest but only campaign. But he said my wife can contest and will make her a Minister. I thanked him. He also wanted to make me a decoration piece, which I was earlier," he told reporters.

Attacking the AAP leader, Sidhu said, "Kejriwal wants only yes men...arrogance in democracy is not acceptable."

"Kejriwal thinks only he is honest and no one else is and it is his copyright. He feels others have no right to say that they are honest. I am sitting here with people who are to help Punjab. I am ready to give my life for Punjab.

"Kejriwal is always trying to indulge in one-upmanship and take credit and no one else is allowed to do so," said Sidhu, who was flanked by Olympian and rebel SAD MLA Pargat Singh and Bains brothers - Simarjeet and Balwinder.

Attacking BJP and the Akalis, Sidhu said he was made a "decorative piece" by the ruling dispensation and was not accorded any importance even at public functions, fearing he may hog limelight.

He claimed he had rejected the Rajya Sabha nomination two years ago but Prime Minister Narendra Modi nominated him to the Upper House.

"I accepted the Rajya Sabha as I thought if it takes me towards Punjab, then it is like a pilgrimage for me. I quit Rajya Sabha because there were instructions to campaign for Badal sahib.

"It was not possible to stand with Dhritrashtra. They are Dhritrashtra and Dusshasana. They nominated me to Rajya Sabha and one BJP leader said campaign for Badal and other said 'don't go to Punjab'," he said, making an analogy with characters of epic Mahabharata.

Over the issue of his quitting the Rajya Sabha seat, he said that, "It had nothing to do with AAP supremo Arvind Kejriwal. It was a conscientious decision." "Men of genius are admired, men of power are feared, but men of character are trusted. And we fall in the third category," he said.

"We have united to help Punjab win. And this time Punjab will win and so will Punjabiyat and the people of the state. Once considered the granary of the country has now turned into a begging bowl which is deep in debt.

"We want to shake the system that has ruined Punjab. It can only happen when like-minded people get together. We invite all those without any selfish motives to come together and unitedly fight for the state and help in the resurrection, redemption and revival of Punjab," he said.

Sidhu claimed that people have suffered in the hands of five years of Congress government led by Capt Amarinder Singh and during the last 10 years of 'danda tantra' (rule of the stick) where, he alleged, false cases were slapped on people and votes were secured forcibly and through polarisation.

He also said there was discrimination on the basis of caste, colour and creed. "We are not fighting for personal gains but for Punjab's better future," he said.

Targeting Aam Aadmi Party, he said, "The East India company came with 40,000 troops and ruled over 40 crore people in India.

"Like that, the Central India company has sent 40 people and want to rule over Punjab by dividing the people of Punjab. There is no difference. They talk to individuals and people are told and never heard."

Sidhu formally launched the front as Kejriwal started his four-day visit to the state to boost the party's campaign.

Sidhu said that a system has creeped in the country where good people are kept as "decorative pieces".

"Good people are used for campaigning and when not needed they are thrown out... they become mute. This is a sin," he said.

"We 10-15 leaders will become a big example (of bringing change in Punjab)," he said.

"While men of power are afraid, men of character are frustrated," he said noting that they fall in latter category.

He said that people of Punjab want a change of governance and this can be achieved by strong leaders.

"We will work for Punjab, Punjabiat and in the end Punjabiat will win," he said listing the agenda of his front.

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News Network
February 29,2020

New Delhi, Feb 29: India’s economy expanded at its slowest pace in more than six years in the last three months of 2019, with analysts predicting further deceleration as the global Covid 19 coronavirus outbreak stifles growth in Asia’s third-largest economy.

The gross domestic product (GDP) data released yesterday showed government spending, private investment and exports slowing down, while there is a slight upturn in consumer spending and improvement in rural demand lent support.

The quarterly figure of 4.7% growth matched the consensus in a Reuters poll of analysts but was below a revised - and greatly increased - 5.1% rate for the previous quarter.

The central bank has warned that downside risks to global growth have increased as a result of the coronavirus epidemic, the full effects of which are still unfolding.

Prime minister Narendra Modi’s government has taken several steps to bolster economic growth, including a privatisation push and increased state spending, after cutting corporate tax rates last September.

In its annual budget presented this month, the government estimated that annual economic growth in the financial year to March 31 would be 5%, its lowest for last 11 years.

Modi’s government is targeting a slight recovery in growth to 6% for 2020/21, still far below the level needed to generate jobs for millions of young Indians entering the labour market each month.

The annual GDP figure for the September quarter was ramped up from an earlier estimate of 4.5%, while the April-June reading was similarly lifted to 5.6% from 5%, data released by the Ministry of Statistics showed on Friday.

Capital Investment Drop

In the December quarter, private investment grew 5.9%, up from 5.6% in the previous quarter, while government spending rose by 11.8%, against 13.2% in the previous three months.

However, corporate capital investment contracted by 5.2% after a 4.1% decline in the previous quarter, indicating that interest rate cuts by the central bank have failed to encourage new investment. Manufacturing, meanwhile, contracted by 0.2%.

“It appears growth slowdown is not just cyclical but more entrenched with consumption secularly joining the slowdown bandwagon even as the investment story continues to languish,” said Madhavi Arora of Edelweiss Securities in Mumbai.

Many economists said that the government stimulus could take four to six quarters of time before lifting the economy and the impact of those efforts could be outweighed by the global fallout from the coronavirus epidemic that began in China.

“The coronavirus remains the critical risk as India depends on China for both demand and supply of inputs,” said Abheek Barua, chief economist at HDFC Bank.

Indian shares sank on Friday for a sixth session running, capping their worst week in more than a decade. The NSE Nifty 50 index shed 7.3% over the week, while the Sensex dropped 6.8%, the worst weekly declines since the 2008-09 financial crisis.

Separately, India’s infrastructure output rose 2.2% year on year in January, data showed on Friday.

A spike in inflation to a more than 5-1/2 year high of 7.59% in January is expected to make the RBI hold off from further cuts to interest rates for now, while keeping its monetary stance accommodative.

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Agencies
May 27,2020

New Delhi, May 27: The government has further extended the deadline for bidding to buy its entire 52.98 per cent stake in the country's second-biggest oil refiner, Bharat Petroleum Corp Ltd (BPCL), by over one-and-a-half months to July 31.

This is the second extension for submission of expression of interest (EoI) for BPCL stake by interested bidders. The government had first invited bids showing interest in buying its stake, by May 2. It was then extended till June 13.

This has now been extended to 5 p.m. on July 31 in "view of further requests received from the interested bidders and the prevailing situation arising out of COVID-19", an official notice put up by disinvestment department DIPAM late on Tuesday said.

Accordingly, the last date for submission of written queries or preliminary information memorandum has been pushed back to June 23 from the earlier deadline of May 16.

The disinvestment in BPCL involves the government selling its entire 52.98 per cent stake in the company to a strategic investor with transfer of management control. The government has barred PSUs from bidding for BPCL and expects private sector Indian players and global MNCs to bid for its stake. The government's stake in BPCL is worth around Rs 50,000 crore.

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Agencies
February 26,2020

New Delhi, Feb 26: The death toll in northeast Delhi communal violence over the amended citizenship law rose to 20 on Wednesday, according to GTB Hospital authorities.

On Tuesday, the death toll was 13.

"The death toll has risen to 20 today," Medical Superintendent of GTB Hospital, Sunil Kumar, told PTI.

Earlier, at least four bodies were brought to the Guru Teg Bahadur Hospital from the Lok Nayak Jai Prakash Narayan Hospital, a senior official said.

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