Situation in Kashmir not conducive for polls: Omar

Agencies
July 9, 2018

Jammu, Jul 9: National Conference vice president Omar Abdullah today reiterated his demand for dissolution of the Jammu and Kashmir Legislative Assembly and said the situation in Kashmir is not conducive for polls.

His party, however, would take part in the democratic exercise whenever it is held, he added.

“The National Conference has gone on record to demand the dissolution of the assembly. It is the cure for all the rumours about horse trading, splitting of political parties and government formation," Abdullah told reporters here.

“We will contest the elections whenever they are held. The reality is that the situation in Jammu may be conducive for polls but the situation in Kashmir is very grave,” the former Jammu and Kashmir chief minister added.

The NC, Abdullah said, does not demand immediate elections as it understands that it will take time to create a conducive climate.

When asked whether the NC would move the Supreme Court for dissolution of the assembly, he said it is something that the party has not yet decided.

Speaking about the speculations about the BJP trying to form the government in the state again with rebel PDP MLAs, Abdullah said he would go by senior BJP leader Ram Madhav's tweet wherein he denied the reports.

BJP general secretary Ram Madhav on Saturday said his party was for continuing with governor's rule in the state in the interest of peace, governance and development.

His comments came after Abdullah tweeted a news report that claimed "a big chunk of PDP MLAs are in touch with the BJP high command."

Abdullah said the BJP's state unit, however, was telling people otherwise.

"Let us see who is right and who is wrong,” he said.

When asked if the BJP had reached out to him for government formation, the NC leader replied in the negative.

He asserted his party was not indulging in horse trading and would not have any role in disintegration of the PDP.

Abdullah rejected the BJP's claim that the situation in the Valley had improved since the imposition of the governor's rule.

"A few days ago, three civilians were killed in the Kulgam district. I don't see any improvement in the situation. The militant activities too haven't gone down," he said.

"May be sitting in Delhi they feel that the situation is improving, but I don't think so sitting here in Kashmir," he added.

He refused to comment on media speculation about the Islamic State gaining a foothold in Kashmir.

The NC leader said Jammu and Kashmir Governor N N Vohra should work to restore the peace that prevailed in the state during the tenure of his government.

“The atmosphere of brotherhood in the Jammu region, for which my government worked between 2009 and 2014, needs to be restored. There is a world of difference between the prevailing situation and that of 2014," Abdullah said.

The situation, he added, had only worsened.

The NC leader blamed the erstwhile PDP-BJP government for the mess in the state.

“Today they are admitting that the government and Mehbooba Mufti as chief minister failed. This is what we were saying for three years. It was an inept government run by inefficient people,” he said.

The former chief minister said allegations of corruption against the ministers of the PDP-BJP government had come to light and his party would take them up with Vohra.

“Many people have reached out to us and levelled allegations of corruption against ministers of the previous government. All these will be taken up with the governor and we hope there will be a fair probe," he said.

Abdullah asked the NC leaders and workers to reach out to the people across the state.

He asked them to generate awareness about the NC's mission, which, he said, is not to come to power in the state but to steer it out of its problems, ensure equitable development in all regions and maintain brotherhood.

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Agencies
May 17,2020

New Delhi, May 17: Following the COVID-19-induced economic disruptions, up to 135 million jobs could be lost and 120 million people might be pushed back into poverty in India, all of which will have a hit on consumer income, spending and savings, says a report.

According to a new report by international management consulting firm Arthur D Little, the worst of COVID-19's impact will be felt by India's most vulnerable in terms of job loss, poverty increase and reduced per-capita income, which in turn will result in a steep decline in the Gross Domestic Product (GDP).

"Given the continued rise of COVID-19 cases, we believe that a W-shaped recovery is the most likely scenario for India. This implies a GDP contraction of 10.8 per cent in FY 2020-21 and GDP growth of 0.8 per cent in FY 2021-22," the report said.

India's COVID-19 tally has crossed 90,000 and the nationwide death toll has touched nearly 2,800 so far.

The report titled "India: Surmounting the economic challenges posed by COVID-19: A 10-point programme to revive and power India's post-COVID economy" said the 'collateral damage' of the forecasted GDP slowdown, will be felt most acutely in employment, poverty alleviation, per-capita income and overall nominal GDP.

"Unemployment may rise to 35 per cent from 7.6 per cent resulting in 136 million jobs lost and a total of 174 million unemployed. Poverty alleviation will receive a set-back, significantly changing the fortunes of many, putting 120 million people into poverty and 40 million into abject poverty," the report said.

"India is headed towards a W-shaped economic recovery with a potential GDP contraction of 10.8 per cent in FY21. An opportunity loss of USD 1 trillion is staring India in its face," said Barnik Chitran Maitra, lead author of the report and Managing Partner & CEO of Arthur D Little, India and South Asia.

Maitra further said "for its USD 5 trillion vision, a radical economic approach is needed, centred on an immediate stimulus and structural reforms. The Prime Minister's visionary 'Atma Nirbhar Bharat Abhiyan' is a good start to this new approach."

The report lauded the steps taken by the government and the Reserve Bank of India, but said a far more assertive approach may be required given the magnitude of the adverse economic output.

The report suggested a 10-point programme to accelerate the recovery which include strengthening the 'safety net' significantly for the most vulnerable, enable survival of small and medium businesses, restarting the rural economy and providing targeted assistance to at-risk sectors.

It further said the government should launch "Make in India 2.0" to capture global opportunities, build 'Modern India', accelerate Digital India and Innovation, strengthen global investment corridors with the US, UAE, Saudi Arabia, Japan and the UK, debottleneck land and labour and transform banking and financial markets in a bid to secure a sustainable economic future for 1.3 billion Indians. 

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News Network
May 27,2020

New Delhi, May 27: With 6,387 new coronavirus cases in the last 24 hours, India's count of COVID-19 rose to 1,51,767 on Wednesday, said the Union Ministry of Health and Family Welfare.

170 people have also died in the last 24 hours due to the infection.

Currently, there are 83,004 active cases while 64,425 COVID-19 positive patients have been cured/discharged and one has migrated. So far, a total of 4,337 deaths have taken place across the country.

Among all states, Maharashtra has the highest number of COVID-19 cases with 54,758. Tamil Nadu has 17,728 cases with Gujarat at 14,821 cases. The national capital has 14,465 reported cases of coronavirus.

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News Network
January 27,2020

New Delhi, Jan 27: The government on Monday issued the preliminary information memorandum for 100 per cent stake sale in national carrier Air India. As part of the strategic disinvestment, Air India would also sell 100 per cent stake in low cost airline Air India Express and 50 per cent shareholding in joint venture AISATS, as per the bid document issued on Monday.

Management control of the airline would also be transferred to the successful bidder.

The government has set March 17 as the deadline for submitting the Expression of Interest (EoI).

EY is the transaction adviser for Air India disinvestment process.

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