Arun Jaitley hints at raising Rs 500 a month cash support to farmers in future

Agencies
February 3, 2019

New York, Feb 3: Union Minister Arun Jaitley on Sunday hinted that the Rs 500 a month cash dole to small farmers may be increased in the future as the government's resources grow and said states can top up this amount with their own income support schemes.

He also slammed Congress president Rahul Gandhi for ridiculing the scheme announced in the Interim Budget for 2019-20 by equating it to Rs 17 a day dole, saying the opposition leader must "grow up" and realise that he is contesting a national election and not a college union poll.

The plan to give Rs 6,000 cash to 12 crore small and marginal farmers every year together with government schemes for giving them a house, subsidised food, free healthcare and hospitalisation, free sanitation, electricity, roads, gas connections, twice the amount of credit at very cheap rate are all aimed at addressing farm distress, Jaitley told PTI in an interview.

"This is the first year where it (farmer income support scheme) has begun. I am sure as the government resources improve, this can be increased," he said.

On nearly 15 crore landless farmers being left out of the scheme, he said they have rural employment guarantee scheme MNREGA plus other benefits for the rural population.

"What is the biggest thing that the Congress claims that they ever did? (UPA regime Finance Minister) P Chidambaram announced a Rs 70,000 crore farm loan waiver... (but) actual distributed was only Rs 52,000 crore. (Also), CAG said a large part of that money went to traders and businessmen and converted itself into a fraud," he said.

The present government, he said, is "starting off over and above the lakhs of crores we are putting into rural areas."

"We are starting off with Rs 75,000 crore a year and I foresee this amount increasing in the years to come. And if the states top it up, some states have already started with the scheme, I think the others must emulate them, it will increase," he added.

Jaitley, who is here for medical treatment, said the state governments too have a responsibility to address farm distress by bringing their own income support schemes.

"Some state governments have started it," he said. "So my advise to what I call the 'Nawabs of Negativity' is ask your own state governments to top it off with their own income support schemes. Ideally, like the GST, this is a case where all political parties must defy party lines and in the spirit of cooperative federalism, have a Centre plus state scheme."

He said most of the central schemes are divided into 60:40 ratio, so "let us enhance this to 60:40 in the spirit of cooperative federalism" and instead of "giving criticism, let the states give 40 (per cent)."

"In addition to the fertiliser subsidy - another big amount, the healthcare, cheap ration, over a dozen other things you are spending on. This is just an add-on, this (income support) is not something being thrown in the air. The Congress doesn't understand it because it did nothing," he said.

On Gandhi's criticism of the Budget proposal, Jaitley said, "I think he needs to grow up. He must realise that he is contesting a national election not a college union one."

On his predecessor P Chidambaram's criticism that the interim budget was an "account for vote" and not a 'Vote on Account', he said, "I have no problem with monies being spent on either of these two accounts. But I have a serious problem when monies go into personal accounts."

Taking on the Congress, he said the comments by the leaders of the principal opposition party and "some other compulsive contrarians" indicate that they have a complete lack of understanding of the subject.

"Others have been in power much longer than we have been and did nothing. There is a real problem in India, both with regard to the urban-rural divide, which is reflective of the quality of life available in rural areas, and the state of agriculture. You have to look at both these issues compositely," he said.

Jaitley, who had to give up charge of the finance ministry to undergo medical treatment just weeks before the budget was presented, said the Congress gave just slogans like 'Garibi Hatao' (remove poverty) but delivered very little.

Dwelling on the steps taken by the BJP-led NDA government since coming to power in 2014 to address farm sector distress, he said the Centre adopted a two-pronged approach of raising rural infrastructure spend and raising farm incomes.

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News Network
March 4,2020

Bhopal, Mar 4: Madhya Pradesh Chief Minister  Kamal Nath on Tuesday asserted that there was no threat to his government.

Nath's comments came when he was asked about reports of alleged 'poaching' attempts being made by the opposition BJP in the state.

“The legislators are telling me that they are being offered so much money. I am telling the MLAs to take it, if they are getting this free money,” Nath told reporters here on the sidelines of a programme.

Congress veteran Digvijaya Singh on Monday alleged that his party MLAs were being offered “huge money by BJP leaders” as part of the saffron party's “poaching” attempt to destablise the Kamal Nath government.

When Nath was asked about any threat to the stability of his government in Madhya Pradesh, he said, “There is nothing to worry about.”

Reacting to Nath's statement, state BJP spokesman Rajneesh Agrawal told PTI that his party has nothing to do with the allegations.

“In fact, these speculations and allegations are part of the internal bickering of among Congress leaders to get nominated for the Rajya Sabha polls,” he said.

After Digvijaya Singh's remarks on Monday, senior BJP leader and former chief minister Shivraj Singh Chouhan accused the Congress veteran of making false statements to create sensationalism.

“Speaking lies to create sensationalism is Digvijaya's habit. Probably some of his (Digivijaya's) works were not done and he wants to create pressure on the CM to get them done,” Chouhan alleged.

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Agencies
August 2,2020

New Delhi, Aug 2: Union Home Minister Amit Shah today tested positive for COVID-19 coronavirus infection and has been admitted to a hospital. 

Shah took to social media today to inform about his infection. “I have tested positive but my health is fine," he said, adding that he has been hospitalised on the assistance of doctors. 

The Union Home Minister also appealed to those who came into close contact with him in the last few days to get themselves tested for COVID-19.

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News Network
March 25,2020

India will suspend all domestic flights from midnight Tuesday, the final piece of a nationwide lockdown that threatens Prime Minister Narendra Modi’s attempts to revive an economy already expanding at the slowest pace in more than a decade.

The flight ban compliments a cancellation of all passenger trains through March 31, as authorities try to halt the spread of the coronavirus in the world’s second-most populous country, which has poorly equipped hospitals and inadequate social security. Modi on Monday held a conference call with some of India’s top entrepreneurs and bankers, who urged policymakers to immediately slash interest rates by as much as a full percentage point, transfer cash to the poorest citizens, and suspend loan-repayments.

Over the past three days, state after state has declared curfews and India’s international borders have been shut for most visitors since March 11. India so far has 492 virus cases, including nine deaths. But experts say the country could be on the same trajectory as Italy, where the outbreak quickly escalated, causing hospitals to overflow.
A traveller stands outside a near-empty Delhi Junction Railway Station in Delhi, March 22.

"This is the biggest lockdown in world history,” said Raghu Raman, a former soldier with the Indian Army and founder of the National Intelligence Grid, an umbrella database aimed at countering terrorism. “This strategic pause gives decision-makers more time to arrest the exponential spread of the virus and evaluate trade-offs.”

Controlling the outbreak is crucial for Modi, who remains India’s most popular political leader currently though his economic management has faced criticism. Foreign investors are selling Indian assets at an unprecedented pace and failure to contain deaths and infections could erode some of the prime minister’s personal appeal at home.

Oxford Economics slashed India’s January-March growth forecast to 3%, a number not seen even during the worst of the global financial crisis. The main equity gauge rose about 3% on Tuesday after a record 13.2% plunge Monday, and the rupee stayed near its all-time low.

“A part of the cerebral cortex that senses fear and survival seems to have activated in the minds of investors,” said Umesh Mehta, Mumbai-based head of research at Samco Securities Ltd. “The only relief in this market can come from either policy makers and regulators, or from some positive news that a cure for the pandemic is near.”

Bloomberg Economics estimates Modi’s administration needs at least 1% of gross domestic product -- $30 billion -- to meaningfully respond to the virus outbreak. Meanwhile, the nation’s billionaires are diverting their factories to manufacture medical equipment and pledging to keep paying their staff even as production grinds to a halt. India allowed companies to use their philanthropy funds to prevent the spread of the coronavirus.

Reliance Industries Ltd., controlled by India’s richest man Mukesh Ambani, has helped equip a hospital in Mumbai dedicated to patients of Covid-19, the disease caused by the coronavirus. It will also build quarantine centers and produce 100,000 facemasks a day and other personal protective equipment for health workers. The group’s telecom unit will offer free broadband to enable work-from-home during the lockdown and will pay its lowest paid workers twice a month to protect household incomes.

Ambani joins Mahindra & Mahindra Ltd. Chairman Anand Mahindra and Vedanta Resources Ltd. Chairman Anil Agarwal -- a combined worth of more than $40 billion between the trio -- who have so far made pledges.

Indian companies are responding to Modi’s shutdown call. Maruti Suzuki India Ltd., Tata Motors Ltd., Toyota Kirloskar Motor, Hero MotoCorp., Samsung Electronics Co. and LG Electronics Inc., Mahindra Group, TVS Motor Co., Kia Motors Corp., Renault Nissan Automotive India Private Ltd., and Yamaha Motor India are among companies that have announced factory suspensions.

Policymakers are aware of the risks of such a move. India -- with a record 5.9 trillion rupees of local corporate debt maturing this year -- faces “waves of default” if cash flows aren’t maintained, the government’s principal economic adviser Sanjeev Sanyal said an interview.

Finance Minister Nirmala Sitharaman last week said the government will announce a relief package for coronavirus-affected sectors as soon as possible. The Reserve Bank of India, which is due to review interest rates April 3, announced a 1 trillion rupee cash injection on Monday.

“Let me assure, whatever it takes to keep the cash flow going in the economy will be done,” Sanyal said. “We need to make sure that when we are past the health storm, we still have an economy that has not gotten gridlocked. Because unwinding that would be more difficult.”

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