‘Foolhardy initiatives’, says Manmohan Singh in sharp takedown on Modi govt

Agencies
October 27, 2018

New Delhi, Oct 27: In one of his sharpest attacks yet on Narendra Modi, former prime minister Manmohan Singh said his successor’s rule has not been good for India as he “failed” the electorate and led a government that was “mostly silent” on incidents of communal violence, mob lynching and cow vigilantism.

Singh, while speaking at the launch of Congress leader Shashi Tharoor’s new book, alleged that under the present dispensation the environment in universities and national institutions like the CBI was being vitiated and dissent stifled.

His remarks came amid the current crisis in the CBI, whose top two bosses were divested of their powers and sent on leave by the government. In a scathing criticism of Modi, Singh said he was elected as the 14th prime minister of India on the back of many lofty promises, but in the past four years, he and his government “failed” their electorate and eroded the voters’ faith.

He said Modi is a “paradoxical prime minister” and Tharoor has demonstrated this through his “superbly written and devastatingly accurate book”.

Tharoor’s book is titled “The Paradoxical Prime Minister: Narendra Modi and His India”.

“He (Modi) has spoken of being a prime minister for all Indians but the government he presides over has been mostly silent in the face of widespread communal violence, mob lynching and cow vigilantism.

“At the same time, academic freedoms are being sought to be curbed. The environment in our universities and national institutions like the CBI is being vitiated and dissent stifled,” Singh alleged.

His criticism of the government’s economic policies was even more severe as the former prime minister said nothing concrete had been done to bring back the “promised billions of dollars” allegedly held abroad as black money.

The “hastily-implemented” demonetisation and GST have proved to be “disastrous” for the economy, Singh said. Petrol and diesel prices are at a “historic high” despite the fall in international crude oil prices because the Modi government chose to levy excessive excise duties instead of passing the benefits of low prices to the people of India, he said, adding that Modi, instead, has thought it fit to “punish our people”.

Singh also alleged that Modi presides over a “fearful population, an economy that has been set back by foolhardy initiatives, painful lack of jobs, the growing distress among India’s farming communities, a devastating number of farmer suicides, insecure borders, instability in Kashmir, and the palpable failure in implementation of even laudable initiatives like Swachch Bharat, Skill Development, Make in India and Beti Bachao, Beti Padhao”.

“This is what he presides over, and not a secular, plural, free and equal society that was... envisioned and built in its six and a half decades as a free nation,” he added. Modi’s rule has “not been good” for India and it all arises from the Modi paradox that Tharoor has shown in his book, he said.

“Much of what the Modi government is all about has turned out to be little more than a series of empty gestures...with very little substance having been achieved on the ground,” he said.

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News Network
March 27,2020

Mumbai, Mar 27: Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that Monetary Policy Committee (MPC) has taken note of the global economic activity coming to a near standstill due to the coronavirus pandemic and added that large parts of the world could slip into recession in the coming days to the coronavirus crisis.
"The MPC noted that global economic activity has come to a near stand-still as COVID-19 related lockdowns and social distancing are imposed across a widening swath of affected countries. Expectations of a shallow recovery in 2020, from 2019's decade low in global growth, have been dashed," Das said.
"The outlook is now heavily contingent upon the intensity, spread and duration of the pandemic. There is a rising probability that large parts of the world will slip into recession," he added.
The RBI Governor further added that "the implied GDP growth of 4.7 per cent in Quarter 4 of 2019-20, in the second advance estimates of the National Statistics Office which was released in February 2020, within the annual estimate of 5 per cent for the year as a whole is now at risk."
As per the outlook for the year 2020-21, Das said, "Apart from continuing resilience of agriculture and allied activities most other sectors of the economy will be adversely impacted by the pandemic depending upon, its intensity, spread and duration."
Das also announced a reduction in the repo and reverse repo rates for banks.
"The repo rate has been reduced by 75 basis points to 4.4 per cent. The reserve repo rate has been reduced by 90 basis points to 4 per cent," Das said addressing the media.
The decision for "a sizeable reduction" in the policy repo rate, according to the RBI Governor was taken to "revive growth and mitigate the impact of COVID-19 and ensure financial stability." 

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News Network
March 19,2020

New Delhi, Mar 19: Former Chief Justice of India Ranjan Gogoi took oath as Rajya Sabha MP on Thursday.

Gogoi's wife Rupanjali Gogoi, daughter, and son in law were also present in Parliament.

Congress staged a walkout from the Rajya Sabha over Gogoi's membership to the House.

Meanwhile, Union Minister Ravishankar Prasad welcomed Gogoi in the Rajya Sabha.

President Ram Nath Kovind had nominated the former CJI to the Rajya Sabha on March 16.

Gogoi served as the 46th Chief Justice of India from October 3, 2018, to November 17, 2019.

On November 9, 2019, a five-judge Bench headed by him had delivered the verdict in the long-pending Ramjanmabhoomi case.

Comments

Fairman
 - 
Thursday, 19 Mar 2020

People lost trust in Judiciary because of such horrible criminals.

 

He betrayed the whole nation. Unless he is booked, the judiciary will not restore the lost faith. 

 

 

The loss may be momentary in nature, It is the promise of the Almighty, He will ensure the justice is served to everyone. 

 

Angry Indian
 - 
Thursday, 19 Mar 2020

Pure slave like goo mutur....nice life DDDDOOOOGGGGG

 

ayes p.
 - 
Thursday, 19 Mar 2020

Fixed from judgement of babri masjid to rajya sabha member

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News Network
February 18,2020

New Delhi, Feb 18: India emerged as the world's fifth-largest economy by overtaking the UK and France in 2019, says a report.

A US-based think tank World Population Review in its report said that India is developing into an open-market economy from its previous autarkic policies.

"India's economy is the fifth-largest in the world with a GDP of $2.94 trillion, overtaking the UK and France in 2019 to take the fifth spot," it said.

The size of the UK economy is $2.83 trillion and that of France is $2.71 trillion.

The report further said that in purchasing power parity (PPP) terms, India's GDP (PPP) is $10.51 trillion, exceeding that of Japan and Germany. Due to India's high population, India's GDP per capita is $2,170 (for comparison, the US is $62,794).

India's real GDP growth, however, it said is expected to weaken for the third straight year from 7.5 per cent to 5 per cent.

The report observed that India's economic liberalisation began in the early 1990s and included industrial deregulation, reduced control on foreign trade and investment, and privatisation of state-owned enterprises.

"These measures have helped India accelerate economic growth," it said.

India's service sector is the fast-growing sector in the world accounting for 60 per cent of the economy and 28 per of employment, the report said, adding that manufacturing and agriculture are two other significant sectors of the economy.

The US-based World Population Review is an independent organisation without any political affiliations.

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