United opposition leaves government red-faced in Rajya Sabha

March 4, 2015

New Delhi, Mar 4: The Narendra Modi government suffered an embarrassment in Rajya Sabha on Tuesday when non-NDA parties joined hands to force an amendment to the motion of thanks on the President's address to amplify their charge that the new regime had failed to curb high-level corruption and bring back black money allegedly stashed abroad.

Rajya SabhaThe amendment, moved by CPM members Sitaram Yechury and P Rajeeve, was accepted with 118 votes in its favour and 57 against it, brutally exposing the government's lack of numbers in Rajya Sabha — a handicap which has kept it from enacting laws that it believes will help accelerate growth.

Though the setback is just symbolic, the deficit of numbers is an old story which is not going to change anytime soon. It will, however, rankle the government because is now party to a resolution criticizing itself. In fact, the opposition remorselessly pressed home its huge numerical advantage immediately after the PM had stoutly rejected the charge of failure on the black money issue. Yechury and others in the opposition rebuffed parliamentary affairs minister M Venkaiah Naud's repeated pleas not to press for amendments. The opposition said it was not allowed to seek clarifications from the PM.

This was the fourth time when the opposition forced amendments to the motion of thanks on the President's address — all instances reflecting the mismatch in the numbers of the two Houses within two years of Lok Sabha elections. The previous examples were in January 1980 (Congress had swept LS polls but its opponents controlled Rajya Sabha), December 1989 (V P Singh helped by BJP and Left had a majority in LS but RS had a Congress majority), and in March 2001 (BJP along with its allies had a comfortable majority in LS but not in RS).

The setback brought out the government's failure to win over friends from non-aligned benches, especially from among those who are hostile to Congress and to each other. Arch rivals CPM and Trinamool Congress as well as SP and BSP voted in favour of the amendment. BJD, which was ambivalent about opposing the government until recently, joined in, ensuring that the amendments, which already had the support of Congress, JD(U), CPI and DMK, went through rather smoothly.

The margin underscored the tough task awaiting the government as it seeks passage of contentious legislations like land acquisition, insurance and others. The opposition frustrated the plan to pass the insurance bill by sitting tight over it, thus denying the government even the opening to call a joint sitting where it, with its superior LS numbers, can overwhelm the opposition. The government had always anticipated the problem and had tried to get around it by promulgating ordinances, and plans to hold

joint sittings. But the challenge has proved to be more nettlesome and has already delayed the government's plan to hit the ground running.

The opposition, if it so wants and if the RS chairman allows it, can thwart the passage of legislations for as long as a year — a worrying prospect, given the government's need to show results on the promises which swept Modi to power.

UPA enjoyed a far more favourable situation in Rajya Sabha. Congress was the largest party, while the logic of "secularism" helped it net numbers from parties which were not its official allies.

BJP is in a minority and will, even it does well in the elections for major states, remain so until mid-2017. Its "communal" image prevents it from garnering allies. In fact, its resurgence and growth in new areas has been the catalyst for the coming together of rivals like CPM and Trinamool.

The amendment, moved by Yechury and Rajeeve, regretted that "there is no mention in the (President) address about the failure of the government to curb high-level corruption and to bring back black money". Since the House passed the amendment, it will now be added to the President's address.

Though the parliamentary affairs minister tried to persuade Yechury from moving the amendment, saying there was a mention about black money and his concern had been noted, the CPM leader refused to budge, saying the opposition was not allowed to seek clarifications from the PM.

He and others in the opposition also took objection to Modi leaving the House soon after his hour-long reply, and brushed aside Naidu when he said that the PM, being a member of Lok Sabha, could not have stayed on once the members had asked for division.

The CPM leader also questioned why the opposition had not been allowed to make interjections as they sometimes do when they disagree or even to seek clarifications. "Even the leader of opposition was not allowed... This is violation of all norms and procedures and parliamentary democracy in this House," he said.

The House witnessed an uproar when Union minister Ravi Shankar Prasad reiterated that as far as clarifications were concerned, they were never allowed to which Yechury retorted, "I know my rights as a member, my right is inalienable."

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Agencies
June 21,2020

New Delhi, June 21: Diesel prices rise to record high after 60 paise hike in rates, petrol up 35 paise; rates up by Rs 8.88 and Rs 7.97 in 15 days.

Petrol price in Delhi was hiked to Rs 79.23 per litre from Rs 78.88, while diesel rates were increased to Rs 78.27 a litre from Rs 77.67, according to a price notification of state oil marketing companies. 

In Bengaluru, petrol will be costlier by 37 paise at Rs 81.81 per litre, while diesel will cost 57 paise more per litre at Rs 74.43.

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.

The 15th daily increase in rates since oil companies on June 7 restarted revising prices in line with costs after ending an 82-day hiatus in rate revision, has taken diesel prices to a new high. The petrol price too is at a two-year high.

Over 63 per cent of the retail selling price of diesel is taxes. Out of the total tax incidence of Rs 49.43 per litre, Rs 31.83 is by way of central excise and Rs 17.60 is VAT. 

Petrol in Mumbai costs Rs 86.04 per litre and diesel is priced at Rs 76.69.

Prior to the current rally, the peak diesel rates had touched was on October 16, 2018 when prices had climbed to Rs 75.69 per litre in Delhi. The highest-ever petrol price was on October 4, 2018 when rates soared to Rs 84 a litre in Delhi.

When rates had peaked in October 2018, the government had cut excise duty on petrol and diesel by Rs 1.50 per litre each. State-owned oil companies were asked to absorb another Re 1 a litre to help cut retail rates by Rs 2.50 a litre.

Oil companies had quickly recouped the Re 1 and the government in July 2019 raised excise duty by Rs 2 a litre.

The government on March 14 hiked excise duty on petrol and diesel by Rs 3 per litre each and then again on May 5 by a record Rs 10 per litre in case of petrol and Rs 13 on diesel. The two hikes gave the government Rs 2 lakh crore in additional tax revenues.

Oil PSUs Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL), instead of passing on the excise duty hikes to customers, adjusted them against the fall in the retail rates that was warranted because of a decline in international oil prices to two-decade lows.

International oil prices have since rebounded and oil firms are now adjusting retail rates in line with them.

In 15 days of hike, petrol price has gone up by Rs 7.97 per litre and diesel by Rs 8.88 a litre.

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Agencies
February 11,2020

New Delhi, Feb 11: With Election Commission">Election Commission's trends indicating a landslide victory for the Aam Aadmi Party (AAP), party chief Arvind Kejriwal expressed his gratitude towards the people of the national capital and said that this is the victory of the people who consider him as their son.

Making his first public appearance after the day's results, Kejriwal made a brief address to supporters in which, AAP chief thanked supporters, outlined his personal connection with citizens and party workers as well as credited his family for their continued support.

"I thank people of Delhi for reposing their faith in AAP for the third time. This is not my personal victory, this is the victory of Delhiites. This the victory of the people who consider me as their son and voted for us," Kejriwal said at party office here.

He also referred to the trends of the assembly polls, as the beginning of a new kind of politics.

"This is the beginning of a new kind of politics. This is a new sign. Only the party will get vote who will built mohalla clinics and good schools... This is the victory of mother India and India. Today is Tuesday, Hanuman-ji's day. Hanumanji ji blessed Delhi today, I thank him. We pray that Hanuman Ji keeps showing the right path to us so that we continue to serve people for the next five years," he said.

According to Election Commission", AAP won 5 seats while the party is leading on 58 seats in 70-member Delhi Assembly. 

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News Network
May 24,2020

New Delhi, May 24: The Indian economy is likely to slip into recession in the third quarter of this fiscal as loss in income and jobs and cautiousness among consumers will delay recovery in consumer demand even after the pandemic, says a report.

According to Dun & Bradstreet's latest Economic Observer, the country's economic recovery will depend on the efficacy and duration of implementation of the government's stimulus package.

"The multiplier effect of the stimulus measures on the economy will depend on three key aspects i.e. the time taken for effecting the withdrawal of the lockdown, the efficacy of implementation and duration of execution of the measures announced," Dun & Bradstreet India Chief Economist Arun Singh said.

The report noted that the government's larger-than-expected stimulus package is likely to re-start economic activities.

Besides, measures taken by the Reserve Bank of India like reducing the repo rate by a further 40 basis points to 4 per cent, extending the moratorium period by three months and facilitating working capital financing will also help stimulate the momentum.

Singh said while the measures announced by the government are "positive", most of them have been directed towards strengthening the supply side of the economy, and "it is to be noted that supply needs to be matched with demand", he said.

Besides, "in the absence of cash-in-hand benefits under the government's stimulus package, demand for goods and services is expected to remain depressed", he added.

He further said the loss in income and employment opportunities, and cautiousness among consumers, will lead to a delayed recovery in consumer demand, even after the pandemic. As debt and bad loan levels increase, the banking sector might face challenges.

The report further noted that even as the monetary stimulus is expected to inject liquidity and stimulate demand for a wider section of the economy, the channelisation of funds from the financial institutions will be subjected to several constraints.

The foremost concern being increase in risk averseness, as the balance sheets of firms, households, and banks/NBFCs have weakened considerably and low demand for funds by firms as production activities have been on a standstill during the lockdown period, Singh said.

India has been under lockdown since March 25 to contain the spread of the coronavirus, resulting in supply disruptions and demand compression.

Prime Minister Narendra Modi imposed a nationwide lockdown to control the spread of coronavirus on March 25. It has been extended thrice, with some relaxations. The fourth phase of the lockdown is set to expire on May 31. 

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