BJP’s priority is development, not votes: PM Modi

Agencies
September 23, 2017

Varanasi, Sept 23: Prime Minister Narendra Modi today lashed out at his political rivals, saying for BJP, politics was not for the sake of votes as it considered the country's development as the top-most priority.

Addressing a public meeting after inaugurating a 'Pashu Arogya Mela' (cattle health fair) here on the second day of his two-day visit to his Lok Sabha constituency of Varanasi, he also promised to double farm income and provide homes for the homeless by 2022.

He said his government had "waged a war" against black money and corruption, for which the poor have had to suffer because of "the loot" by the dishonest. "Our (BJP) politics is not for votes, our culture is different. In politics, people do only that task which yields votes, but our character is different.

"Some politicians work only when it fetches them votes. But we have been brought up in a different culture. ... For us, the nation is above all and it is our top-most priority, not votes," Modi said. Referring to the mega animal fair being organised for the first time on 1800 acres of land here, he said "these animals don't go to cast their ballot. They are not anyone's voters."

He said proper healthcare of the cattle through such initiatives, would help increase milk production in India which is lower than in several countries.

Encouraging the farmers to adopt dairy and animal husbandry as alternate sources of income, Modi said such initiatives would lead to "a new path of progress" that would not only raise farmers' income but also the overall income.

Maintaining that crore of families are still homeless, he said the government has decided to provide each of the urban and rural poor, a shelter by 2022 when the country celebrates the 75th year of independence.

"When crores of houses are built across the country, it will require bricks, cement, iron and wood. It will generate jobs for thousands and open up new avenues of income and employment," the Prime Minister said. Modi, who distributed Pradhan Mantri Awas Yojana certificates to some beneficiaries, said "By 2022, every poor, whether in the urban or rural area, will get a home. Building crores of homes will generate jobs and income." "If Modi will not take up such an arduous task, who else will," he posed.

He also targeted the erstwhile Samajwadi Party government in Uttar Pradesh for not providing to the Centre the list of homeless requiring houses in the state.

"The previous government had no interest in giving homes to the poor. After mounting pressure, they gave a list of only 10,000. But the current (Yogi Adityanath) government has given a list of lakhs of people to avail benefit," Modi said. Referring to his government's cleanliness drive, he said toilets at home can save up to Rs 50,000 per annum as per a survey. Praising villagers, where he went for laying the foundation of a toilet for naming it as "Izzatghar", Modi said, "I liked this word so much. 

Where there is Izzatghar, there is the honour of our mothers and sisters. I also congratulate the state government for recognising it as Izzatghar. In the days to come those who are concerned about their honour will construct Izzatghar." Thanking Chief Minister Yogi Adityanath for organising health treatment for cattle programme, Modi said cattle were brought here from different places and specialist doctors are here to treat them. 

"I hope such programme for the health of cattle will be held across the state through which we will take care of cattle of poor. It will be a relief for them," he said. Modi said such camps would help poor farmers who could not afford treatment to their animal because of poverty and pointed out that dairy farming gave them a major economic support. Earlier, he went to the animal shelter and even patted some cows at the 'gau shala'. 

He spoke to the staff there enquiring about their work. Modi said that the government has kickstarted a big battle against black money, corruption and dishonesty. "A common honest man suffers as corrupt used to loot him. The campaign of honesty is going ahead like a festival. The way in which our trader brothers are associating with GST and Aadhar. 

Every penny of people will be spent for their welfare. We are moving forward fast," he said. On the first day of his visit, Modi inaugurated 17 infra projects worth over Rs 1000 crore including the Ramnagar-Samne Ghat bridge and the Balua Ghat bridge. He also flagged off the third Mahamana Express train between Varanasi and Vadodara.

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News Network
July 21,2020

New Delhi, Jul 21: With a spike of 37,148 cases and 587 deaths reported in India in the last 24 hours, the total number of COVID-19 cases stands at 11,55,191, according to the Union Ministry of Health and Family Welfare.

The total number of cases include 4,02,529 active cases, 7,24,578 cured/discharged/migrated and 28,084 deaths, the ministry informed.

Maharashtra remains the worst affected state with 3,18,695 cases and 12,030 deaths.
The second worst-hit state, Tamil Nadu has reported 1,75,678 COVID-19 cases so far while Delhi has reported 1,23,747 cases, according to the Health Ministry.

Meanwhile, as per the information provided by the Indian Council of Medical Research (ICMR), 1,43,81,303 samples have been tested for COVID-19 up to July 20. Of these 3,33,395 were tested yesterday.

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News Network
July 16,2020

New Delhi, Jul 16: With India's economic growth sputtering, the Reserve Bank of India was expected to maintain a rate-cutting cycle, but an uptick in near-term inflation could give the central bank's Monetary Policy Committee reason to pause for now.

Having cut its key lending rate by an aggressive 115 basis points (bps) in 2020, on top of 135 bps cuts in 2019, the RBI so far has had little success in spurring credit growth amid varying degrees of lockdowns across India.

Some economists and market insiders argue it may be prudent for the MPC, the policy committee, to hold its fire when it meets early next month.

"It's probably too early to administer a demand stimulus. The RBI still has room to cut rates, but we probably want to be more cautious of the timing," said Venkat Pasupuleti, portfolio manager at Dalton Investments.

"Maybe they should wait a quarter to see how things pan out once the lockdown situation is eased further."

Market participants have factored in at least a 25 bps rate cut by the MPC on August 6 while analysts are predicting a total 50-75 bps cuts over the rest of the fiscal year that runs to March 31.

The spike in the retail inflation rate above the RBI's mandated 2%-4% target range is another reason for the central bank to take a breather, analysts say.

Annual retail inflation rose to 6.09% in June, compared to 5.84% in March and sharply above a 5.30% median forecast in a Reuters poll of economists.

Rahul Bajoria, an economist at Barclays, said the spike in both consumer and wholesale prices "could lead to a tempering in enthusiasm for material front-loaded policy support from here on."

Almost all economists however agreed the RBI cannot move away from its accommodative stance or call an end to the rate cutting cycle just yet.

India's economy grew at 3.1% in the March quarter - an eight year low - and some economists have predicted a contraction of more than 20% in the June quarter and a contraction of up to 5% in the fiscal year.

"Even in the event of a pause, we think the RBI and MPC would want to hold out the promise of more cuts," said A. Prasanna, economist with ICICI Securities.

RBI Governor Shaktikanta Das said in a recent speech the need of the hour is to restore confidence, preserve financial stability, revive growth and recover stronger, suggesting inflation concerns are unlikely to deter the downward trajectory for rates too soon.

"The August policy decision would boil down to a judgment call over whether RBI can maintain easy monetary and financial conditions without the aid of a token rate cut," Prasanna said. 

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Agencies
January 14,2020

Microsoft's Indian-origin CEO Satya Nadella on Monday voiced concern over the contentious Citizenship Amendment Act (CAA), saying what is happening is "sad" and he would love to see a Bangladeshi immigrant create the next unicorn in India.

His comments came while speaking to editors at a Microsoft event in Manhattan where he was asked about the contentious issue of CAA which grants citizenship to persecuted non-Muslim minorities from Pakistan, Bangladesh and Afghanistan.

"I think what is happening is sad... It's just bad.... I would love to see a Bangladeshi immigrant who comes to India and creates the next unicorn in India or becomes the next CEO of Infosys," Nadella was quoted as saying by Ben Smith, the Editor-in-Chief of New York-based BuzzFeed News.

In a statement issued by Microsoft India, Nadella said: "Every country will and should define its borders, protect national security and set immigration policy accordingly. And in democracies, that is something that the people and their governments will debate and define within those bounds.

"I’m shaped by my Indian heritage, growing up in a multicultural India and my immigrant experience in the United States. My hope is for an India where an immigrant can aspire to found a prosperous start-up or lead a multinational corporation benefitting Indian society and the economy at large".

The Centre last week issued a gazette notification announcing that the CAA has come into effect from January 10, 2020.

The CAA was passed by Parliament on December 11.

According to the legislation, members of Hindu, Sikh, Buddhist, Jain, Parsi and Christian communities who have come from Pakistan, Bangladesh and Afghanistan till December 31, 2014, due to religious persecution will not be treated as illegal immigrants but given Indian citizenship.

There have been widespread protests against the Act in different parts of the country.

In Uttar Pradesh, at least 19 persons were killed in anti-CAA protests.

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