Congress has lost political credibility to address issue of poverty: Nitin Gadkari

Agencies
May 10, 2019

New Delhi, May 10: The Congress has lost all political credibility when it comes to addressing the issue of poverty, Union minister Nitin Gadkari said on Thursday, taking a dig at Rahul Gandhi's proposed "Nyay" scheme.

The Union minister invoked Congress prime ministers, who, he claimed, had vowed to eradicate poverty but failed.

Addressing a press conference at the BJP office here, Gadkari also alleged that the Congress had deliberately created "fear" in the minds of the minorities to divert attention from performance, work and development, which should have been the issues in the ongoing Lok Sabha election.

"The Congress party has no credibility. After 1947, (then prime minister Jawaharlal) Nehru said he will remove poverty. Then Indira Gandhi said this. She used the slogan of removing poverty and won (elections), but poverty did not go. Then Rajiv Gandhi repeated that, then Sonia Gandhi and then Manmohan Singh, but poverty did not go.

"Now, even Panditji's (Nehru) great-grandson is saying the same thing. If he (Congress chief Rahul Gandhi) will remove poverty by giving Rs 72,000, then what did Pandit Nehru, Indira Gandhi, Manmohan Singh do? That is why the political credibility of the Congress in removing poverty has ended," he said.

The senior Bharatiya Janata Party (BJP) leader further alleged that the Congress had a history of injustice and since 1947, it had been responsible for "wrong economic policies, bad and corrupt governance and visionless leadership".

"So, 'Nyay' will not happen, because with justice, the person doling it out should also be trustworthy," he said.

Gadkari also lashed out at the opposition party for the abuse it had meted out to Prime Minister Narendra Modi during its poll campaign and said he had a list of 56 such abuses.

"The Congress deliberately wants to ensure that performance and work do not become poll issues. That is why they have done two things.

"One, fear is their biggest capital. Create fear in the minds of Dalits, minorities, SCs and STs. Two, ensure that a discussion on the work done in five years, which had not happened in 50 years, does not take place. If the discussion revolves around development, then they know they will be in trouble," he said.

Under the Modi government, the social sector had benefitted immensely, Gadkari said, while talking about opening of bank accounts, roads, water and electricity.

"Last time during the Kumbh, the prime minister of Mauritius could not go for a bath in the Ganga ... This time, 20 crore people visited the Kumbh and took bath in the river. For the first time, the Ganga was pure and clean.

"We did what we promised. We made the waterways and that is why (Congress leader) Priyanka (Gandhi Vadra) could travel from Prayagraj to Varanasi on a boat while abusing us continuously. I want to ask her, had we not made the waterway, how would she have done that? She could drink the water thrice because we have cleaned the Ganga water. Or else, she would have also had to leave like the Mauritius PM," the Union minister for road transport and highways said.

He said it was unfortunate that those who had promoted the accused in the 1984 anti-Sikh riots, those who had failed to give justice to the victims were now talking about "Nyay".

"The politics of performance and development is our biggest asset. Our schemes have reached every nook and corner of this country and that is how we want to fight the election. The lowering of the standard of the discourse during this election has been noticed by the people of this country. We will form a BJP-led NDA government with a record mandate," Gadkari said.

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News Network
February 4,2020

New Delhi, Feb 4: The investigation into the incident of violence at Jamia Millia Islamia during an anti-citizenship law protest was at a crucial stage, the Centre told the Delhi High Court on Tuesday.

The submission before a bench of Chief Justice D N Patel and Justice C Hari Shankar was made by Solicitor General Tushar Mehta while seeking more time to file a report regarding the probe.

Taking note of the submission, the bench granted the Centre time till April 29 to file a reply.

During the hearing, senior advocate Colin Gonsalves, appearing for some students of Jamia, said 93 students and teachers filed complaints about alleged attacks on them by police but no FIR has been filed against the agency till date.

The other lawyers for the petitioners alleged that the government has not complied with the court order to file a response within four weeks of the last date of hearing on December 19.

The bench, however, declined to pass any interim order and granted time till April 29 to the government to file a reply.

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News Network
March 21,2020

Mar 21: India’s economy, already in the grip of a slowdown, is in for more pain after Prime Minister Narendra Modi appealed to citizens to stay at and work from home to curb the coronavirus outbreak.

The services sector, which accounts for about 55% of India’s gross domestic product, is poised to be the worst hit after Modi, in a late evening address on Thursday, urged citizens to go on a self-imposed curfew for a day and private companies to allow employees to work from home for longer. In the country’s vast informal sector, social-distancing measures could mean a dent to productivity and consumption because of job or pay losses.

“The impact of a partial lock-down or social distancing will be significant,” said Rahul Bajoria, a senior economist at Barclays Plc in Mumbai. “If there’s a widespread community outbreak, GDP could fall as low as 3.5% in the year starting April 1.”

Shrinking output may limit growth in an economy that’s already set to expand at an 11-year low of 5% in the current year to March 31. Before the virus outbreak, India had forecast growth to recover to 6%-6.5% in the next fiscal year. S&P Global Ratings and Fitch Ratings have already slashed their growth forecast by 50 basis points.

“The current social-distancing measures will severely impact airlines, hotels, malls, multiplexes, restaurants and retailers,” according to analysts at Crisil Ltd., the local unit of S&P Global. “Lower footfalls and occupancies, decline in business volume and sub-optimal operating efficiencies will impact cash flows of companies in these sectors,” wrote the analysts led by Chief Economist Dharmakirti Joshi.

The government will try to announce a relief package for virus-affected sectors as early as possible, Finance Minister Nirmala Sitharaman said Friday.

In a televised address, Modi advised all citizens to stay at home for a day on March 22, as he sought to stem the spread of the coronavirus -- cases of which are relatively low in India at about 200, compared with more than 200,000 infected people globally. His government also barred incoming flights for a week from that day, joining a growing list of countries effectively sealing their borders.

What Bloomberg’s Economists Say

We had only earlier this week lowered our GDP outlook to consider the direct impact of the local outbreak as confirmed virus cases exceeded 100 as of March 15 and the federal and state governments announced social distancing measures that have already started to crimp economic activity. We are now revising down our GDP estimate for 4Q fiscal 2020 to 3.3%, from our 3.5%.

-- Abhishek Gupta, India economist

For more, click here

“Consumption being the biggest component of GDP, a lock-down is bound to have a big impact on the economy,” said Devendra Kumar Pant, chief economist at India Ratings and Research, the local unit of Fitch. “Modeling uncertainty in any system will be very difficult, but one can say the slowdown could deepen or prolong further.”

Work From Home

While companies, including billionaire Mukesh Ambani-controlled Reliance Industries Ltd., are asking employees to work from home, the option isn’t feasible in India’s vast informal sector.

“The option to work remotely simply won’t exist for most,” said Shilan Shah, an economist with Capital Economics Pte. in Singapore.

As many households don’t have savings buffers, the government would probably have to back this up with large-scale cash handouts that reach the poorest, he said.

Work from home is posing implementation challenges for the manufacturing sector where workers are required to be physically present at the production sites. The services sector, such as banking and information technology, also needs employees to be present in offices as confidential data is used, according to industry group Federation of Indian Chambers of Commerce and Industry.

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News Network
June 30,2020

Hyderabad, Jun 30: Hyderabad-based Bharat Biotech announced that it has successfully developed Covaxin, India's first vaccine candidate for Covid-19, in collaboration with the Indian Council of Medical Research (ICMR) and National Institute of Virology (NIV).

The Drug Controller General of India - CDSCO, Ministry of Health & Family Welfare granted permission to initiate Phase I & II Human clinical trials after the company submitted results generated from preclinical studies, demonstrating safety and immune response. Human clinical trials are scheduled to start across India in July 2020.

The SARS-CoV-2 strain was isolated in NIV, Pune and transferred to Bharat Biotech.

The indigenous, inactivated vaccine developed and manufactured in the company's Bio-Safety Level 3 (BSL-3) High Containment facility located in Genome Valley, Hyderabad.

Announcing the vaccine development milestone, Dr Krishna Ella, Chairman and Managing Director said: "We are proud to announce COVAXIN, India's first indigenous vaccine against COVID-19. The collaboration with ICMR and NIV was instrumental in the development of this vaccine."

Dr Ella added, "The proactive support and guidance from CDSCO has enabled approvals to this project. Our R&D and Manufacturing teams worked tirelessly to deploy our proprietary technologies towards this platform."
Expedited through national regulatory protocols, the company accelerated its objective in completing the comprehensive pre-clinical studies. Results from these studies have been promising and show extensive safety and effective immune responses.

Speaking about Bharat Biotech's prowess, Suchitra Ella, Joint Managing Director said, "Our ongoing research and expertise in forecasting epidemics has enabled us to successfully manufacture a vaccine for the H1N1 pandemic."
"Continuing our focus on creating the only BSL-3 containment facilities for manufacturing and testing in India, Bharat Biotech is committed to advancing vaccine development as a matter of national importance to demonstrate India's strength in handling future pandemics," she added.

Bharat Biotech's track record in developing vero cell culture platform technologies has been proven in several vaccines for Polio, Rabies, Rotavirus, Japanese Encephalitis, Chikungunya and Zika.

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