From Mamata to Owaisi, KCR's call for non-Cong, non-BJP front gains support

Agencies
March 5, 2018

Hyderabad, Mar 5: Within days of proposing a "non-Congress, non-BJP front, Telangana Chief Minister and Telangana Rashtra Samithi (TRS) chief K Chandrasekhar Rao has received support from several political parties including the Mamata Banerjee-led Trinamool Congress.

Former Jharkhand Chief Minister Hemant Soren and Hyderabad lawmaker Asaduddin Owaisi were the other leaders who have extended their support to the TRS chief.

The chief minister, on Saturday, had expressed his wish to join national politics to effect a "qualitative change", while accusing successive governments ruled by the Congress and the BJP at the Centre of having "miserably failed" to ensure development."Since morning, I have been receiving many calls from various places in India.

Today afternoon, West Bengal CM Mamata Banerjee called me and said that I have taken the right decision and she will be supporting me," Chief Minister Rao said while addressing a huge crowd at his official residence, Pragati Bhavan in Hyderabad."Farmers, Dalits, most backward classes are neglected.

 This situation should be changed. How long do they need to face problems.

 This has to change and this is not possible from these two parties. Hence, a non-Congress, non-BJP front should be formed in the country," Rao said.JMM leader Hemant Soren and AIMIM chief Asaduddin Owaisi have also expressed their solidarity.

"Former Jharkhand chief minister Hemant Soren also called, telling me that he is standing behind me. Soren also told me that he is trying to speak with many other people in India and will meet up soon and speak on the issue," said Rao.

He was addressing a gathering of prominent TRS leaders, ministers and elected representatives of the party at Pragathi Bhavan, his official residence in Hyderabad.

The TRS chief further said he would talk with all like-minded parties and leaders for creating an agenda for the country's growth."I will soon meet like-minded leaders and we will also hold consultations with economic experts, social scientists and farmers for creating an agenda for the country's growth," Rao said.

The Congress failed to get a majority in Meghalaya and did not win a single seat in Tripura or Nagaland, for which elections were held last month.

In a press conference on Saturday after the BJP decimated the Left and Congress in the three states, Rao hinted at forming a third front-like platform.

The TRS chief said he was keen to participate in national politics to bring about a "change"."There is need for qualitative change in national politics... There is a serious need. People are vexed now. No qualitative change is seen by people even after 70 years of democracy.... China developed in less than three decades. What both the Congress and the BJP did all these years?" Rao had asked."People are looking for change. Can we expect something new to happen if the Congress comes to power after the BJP? It can be a third front or any front... Are we not part of the country? Discussions are going on. There is no secret about it," he had said.

In the gathering today, Rao underlined the need to implement "truthful cooperative federalism" and delegation of powers to states for their development."Such initiative would spread across country from Telangana," he said.Rao alleged that the BJP at the Centre had failed to do anything for developing the country in the last four years."The national parties, the BJP and the Congress, should change their attitude towards states.

Federal system is for a namesake (now). Is there federalism in this country?The agriculture system, education, urban development should be handed over to the states. But it is not being handed over but kept at Delhi (with the Centre)," Rao said.

He said states should be allowed to frame norms regarding quotas.Batting for decentralisation, the chief minister said that even states can launch and implement schemes such as the Pradhan Mantri Gram Sadak Yojana (PMGSY)."Can't state governments do it (undertaking such measures). Change should start and it starts from Telangana for the development of India. Change has to be brought... You cannot threaten me. You can threaten those who resorted to scams not me," Rao said.

He said the Constitution should be amended for the sake of the people."I spoke to some people in Delhi and they say the law and constitution in China is different.

 I say then you become different. Constitution and the governments, the PM, CMs all are for the public. You bring in changes in law and also amendments in the Constitution.

The countrymen will be with you," Rao said.The TRS chief also referred to the "fleeing" of liquor baron Vijay Mallya, wanted in loan default cases, and diamantaire Nirav Modi, an accused in the PNB fraud case, from the country."Is there no one to question.

Vijay Mallya fled the country and now Nirav Modi... What is this?" he asked.Rao said farmers were committing suicide because the BJP and the Congress did nothing for them."My countrymen, you know and understand the 'chamatkar' of both the parties who ruled the country for over 60 years. The price of every essential commodity is increasing but not the minimum support price on agriculture produce. GDP growth is not reflecting in the lives of farmers and their income is not increasing," Rao said.

What the countries like China, Japan and Singapore have achieved in terms of growth can be achieved by India as well, he said.Revealing his national ambitions, Rao had said people were yearning for change and he would not mind leading the movement for effecting the "change".He said he had recently met CPI (M) leader Sitaram Yechury and discussed a lot of issues.

Yechury's party had officially rejected any tie-up with the Congress for upcoming elections.Rao had also said he had nothing against the prime minister.

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March 27,2020

Mumbai, Mar 27: The RBI on Friday put on hold EMI payments on all term loans for three months and cut interest rate by steepest in more than 11 years as it joined the government effort to rescue a slowing economy that has now got caught in coronavirus whirlwind.

The Reserve Bank of India (RBI) cut repo to 4.4 per cent, the lowest in at least 15 years. Also, it reduced the cash reserve ratio maintained by the banks for the first time in over seven years. CRR for all banks was cut by 100 basis points to release Rs 1.37 lakh crore across banking system.

The reverse repo rate was cut by 90 bps to 4 per cent, creating an asymmetrical corridor.

RBI Governor Shaktikanta Das predicted a big global recession and said India will not be immune.

It all depends how India responds to the situation, he said.

Global slowdown could make things difficult for India too, despite some help from falling crude prices, Das said, adding food prices may soften even further on record crop production.

Aggregate demand may weaken and ease core inflation further, he noted.

The liquidity measures announced include auction of targeted long-term repo operation of 3 year tenor for total amount of Rs 1 lakh crore at floating rate and accommodation under Marginal Standing Facility to be increased from 2 per cent to 3 per cent of Statutory Liquidity Ratio (SLR) with immediate effect till June 30.

Combined, these three measures will make available a total Rs 3,74,000 crore to the country's financial system.

After cutting policy rates five times in 2019, the RBI had been on a pause since December in view of high inflation.

The measures announced come a day after the government unveiled a Rs 1.7 lakh crore package of free foodgrains and cash doles to the poor to deal with the economic impact of the unprecedented 21-day nationwide lockdown.

While the Monetary Policy Committee (MPC) of the RBI originally was slated to meet in the first week of April, it was advanced by a week to meet the challenge of coronavirus.

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News Network
July 27,2020

Tokyo, Jul 27: Gold hit an all-time high on Monday as tit-for-tat consulate closures in China and the United States rattled investors, boosting the allure of safe-haven assets, although sentiment was mixed with tech gains supporting some Asian stocks.

MSCI's ex-Japan Asia-Pacific index rose 1.3 percent as Taiwan's TSMC, Asia's third-largest company by market capitalisation, rose almost 10 percent.

The chipmaker's gains boosted other tech stocks in the region and came after rival Intel signalled it may give up manufacturing its own components due to delays in new 7-nanometer chip technology.

Also soothing sentiment, Chinese shares eked out gains after big falls late last week, with CSI300 index rising 0.5 percent.

S&P500 futures were last up 0.4 percent in choppy trade while Japan's Nikkei fell 0.5 percent, resuming trade after a long weekend and catching up with falls in global shares late last week.

Global shares had lost steam last week after Washington ordered China's consulate in Houston to close, prompting Beijing to react in kind by closing the US consulate in Chengdu.

US Secretary of State Mike Pompeo took fresh aim at China last week, saying Washington and its allies must use "more creative and assertive ways" to press the Chinese Communist Party to change its ways.

"US President (Donald) Trump used to say China's President Xi Jinping is a great leader. But now Pompeo's wording is becoming so aggressive that markets are starting to worry about further escalation," said Norihiro Fujito, chief investment strategist at Mitsubishi Securities.

Gold rose 1.0 percent to a record high of $1,920.9 per ounce, surpassing a peak touched in September 2011, as Sino-US tensions boosted the allure of safe-haven assets, especially those not tied to any specific country.

The yellow metal is also helped by aggressive monetary easing adopted by many central banks around the world since the pandemic plunged the global economy into a recession.

Some investors fret such an unprecedented level of money-printing could eventually lead to inflation.

MORE STIMULUS

Hopes of a quick US economic recovery are fading as coronavirus infections showed few signs of slowing.

That means the economy could capitulate without fresh support from the government, with some of earlier steps such as enhanced jobless benefits due to expire this month.

Investors hope US Congress will agree on a deal before its summer recess but there are some sticking points including the size of the stimulus and enhanced unemployment benefits.

US Treasury Secretary Steve Mnuchin said the package will contain extended unemployment benefits with 70 percent "wage replacement".

Democrats, who control the House of Representatives, want enhanced benefits of $600 per week to be extended and look to much bigger stimulus compared with the Republicans' $1 trillion plan.

Investors are looking to corporate earnings from around the world for hints on the pace of recovery in the global economy.

"It looks like rising coronavirus cases are starting to slow down recovery in many countries," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management.

Concerns about the US economic outlook started to weigh on the dollar, reversing its inverse correlation with the economic well-being over the past few months.

The dollar index dropped 0.3 percent to its lowest level in nearly two years.

The euro gained 0.3 percent to $1.1693, hitting a 22-month high of $1.16590 as sentiment on the common currency improved after European leaders reached a deal on a recovery fund in a major step towards more fiscal co-operation.

Against the yen, the dollar slipped 0.5 percent to 105.605 yen, a four-month low while the British pound hit a 4 1/2-month high of $1.2832.

Oil prices dipped on worries about the worsening Sino-US relations.

Brent futures fell 0.46 percent to $43.14 per barrel while US crude futures lost 0.44 percent to $41.11.

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News Network
January 19,2020

Chennai, Jan 19: Amid ongoing nationwide protests against Citizenship (Amendment) Act, 2019, finance minister Nirmala Sitharaman on Sunday said that as many as 2838 people from Pakistan were given citizenship during the last six years.

"In the last six years, as many as 2838 Pakistani refugees, 914 Afghan refugees, 172 Bangladeshi refugees including Muslims have been given Indian citizenship. From 1964 to 2008, more than 4,00,000 Tamils (from Sri Lanka) have been given Indian citizenship," Sitharaman said at 'Programme on Citizenship (Amendment) Act, 2019' event here.

She added, "Till 2014, over 566 Muslims from Pakistan, Bangladesh and Afghanistan were given Indian citizenship. During 2016-18 under Modi government, around 1595 Pakistani migrants and 391 Afghanistani Muslims were given Indian citizenship."

The minister, further, said, "It was also during the same period in 2016, that Adnan Sami was given Indian citizenship, this is an example."    

Sitharaman added that people who came from East Pakistan have been settled at various camps in the country.

"They are still there and it's been 50-60 years now. If you visit these camps, your heart will cry. The situation is the same with Sri Lankan refugees who continue to live in camps. They're barred from getting basic facilities," she said.

Asserting that the government is not snatching away anyone's citizenship, the BJP leader said: "This Citizenship (Amendment) Act is an attempt to provide people with a better life. We are not snatching away anyone's citizenship, we are only providing them that."

"The National Population Register (NPR) will be updated every 10 years and is not involved with the National Register of Citizens (NRC). Some are involved in raising false allegations and triggering people unnecessarily without any base," she added.

Comments

indian
 - 
Monday, 20 Jan 2020

Hello Madam,

What Are you ?? Are you a Finance Minister or External Affairs Minister ??

when someone asked about the economy which well related to your ministry you won't even open your mouth, 

but now you are talking about a matter which is not at all your business...

WellWisher
 - 
Sunday, 19 Jan 2020

What a pefect  figure  given by our short time  finance minister. Hope  she wil feed them from her person income wthout ONION.

Fairman
 - 
Sunday, 19 Jan 2020

Stupid, dont know even what they talk.

 

 

It is not snatching anybody's nationality. You dont have right to do it.

 

 
The subject is not snatching,    the subject is disccimination while giving nationality.

 

 

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