Wrong policies of then finance minister Arun Jaitley responsible for economic slowdown: Subramanian Swamy

Agencies
August 19, 2019

Pune, Aug 19: BJP lawmaker Subramanian Swamy has said the withdrawal of Jammu and Kashmir's special status was correct but the state of the economy "needs to be corrected" as this issue is also important for national security and nation-building.

The Rajya Sabha MP told reporters on Sunday the "wrong policies" adopted during former finance minister Arun Jaitley's tenure were responsible for the economy slowing down. He also criticised ex-Reserve Bank of India governor Raghuram Rajan for raising interest rates.

"I think the wrong policies adopted during the tenure of Arun Jaitley, which are still in force, such as levying high taxes are some of the reasons for the slowdown... Increase in interest rates by former RBI governor Raghuram Rajan was one of the reasons (for the slowdown)," said Swamy.

He was speaking to reporters on the sidelines of an event in Pune.

Replying to a question on the Centre's move to scrap the provisions of Article 370, which gave special powers to Jammu and Kashmir, and the economy, Swamy said, "The economy needs to be corrected. My advice was not sought on the economic front. My advice was sought on Article 370, and it was done correctly."

"Yes, the economy should be given priority. In fact, both things are important for nation-building and national security," he added.

Jaitley served as finance minister during the first term of the Narendra Modi government.

Jaitley, 66, is on life support at the All India Institute of Medical Sciences in Delhi.

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News Network
June 2,2020

New Delhi, Jun 2: Prime Minister Narendra Modi on Tuesday said India will definitely get its economic growth back as the government continues to pursue various reforms.

Speaking at industry association CII's annual session, he said the government has taken tough steps to fight the coronavirus pandemic and has also taken care of the economy.

"On the one hand we have to safe lives of our people and on the other hand we have to stabilise the economy and speed up the economy," he said.

He said he gets the confidence from farmers, small businesses and entrepreneurs for getting the economic growth back.

"Corona may have slowed our speed (of growth) but India has now moved ahead from lockdown with the phase one of unlock. Unlock Phase-1 has reopened a large part of the economy," he said.

He said intent, inclusion, investment, infrastructure and innovation are crucial for India to revert back to a high-growth trajectory.

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Agencies
January 9,2020

Noida, Jan 6: A fire broke out at the ESIC Hospital in Noida on Thursday morning and firefighting was underway, officials said.

The blaze broke out in the basement of the seven-storey hospital building located in Sector 24, a police official said.

Fire tenders were rushed to the spot after the Fire Department was alerted about it around 8 am, the official said.

After that, a search was done to see if anyone was trapped in the building, he said.

The cooling process is now underway.

He said the fire had engulfed the ground, first and second floors of the building, except the basement.

Police said they received information about fire at Kaveri printing press at 2:45 am, when the manager Yogesh called them. The press owners have been identified as Atul and Anuj Goyal, residents of Sukhdev Vihar, they said.

The man who died in the fire has been identified as Phool Dev, from Bihar, who used to work as a help there. Dev went inside the building in the night to sleep before the fire started and died due to suffocation, the fire department official said.

The body has been kept at Lal Bahadur Shastri Hospital and the post-mortem will be done once the family reaches here, police said.

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News Network
January 6,2020

Hyderabad, Jan 6: AIMIM president Asaduddin Owaisi on Monday expressed solidarity with students of Jawaharlal Nehru University in Delhi, following violence in the campus and said the "cruel attack" was meant to "punish"the students as they "dared to stand up".

"In solidarity with the brave students of JNU. This cruel attack is meant to 'punish' JNU students because they dared to stand up. It's so bad that even Union Ministers are tweeting helplessly. Modi Sarkar must answer why cops aresiding with goons," the Hyderabad MP tweeted.

The AIMIM has also tweeted expressing solidarity with the "students of JNU". "AIMIM stands in solidarity with the students of Jawaharlal Nehru University. Who feels threatened by the voice of students?," the party said in a tweet.

Violence broke out at the JNU on Sunday night as masked men armed with sticks and rods attacked students and teachers and damaged property on the campus, prompting the administration to call in police which conducted a flag march.

At least 28 people, including JNU Students' Union president Aishe Ghosh, were injured as chaos reigned on the campus for nearly two hours.

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