Modi govt messed up the economy, mismanaged J&K: Manmohan Singh

TOI
March 18, 2018

New Delhi, Mar 18: Senior Congress leader Manmohan Singh today attacked the BJP-led NDA government for failing to deliver on its "tall promises" and "making a mess" of the Indian economy.

"The BJP government made tall promises. PM Modi himself said that his government will double farmers' income. For that, a growth rate of 12 per cent per annum is necessary which is unthinkable in the current scenario," Singh said in an address at the 84th plenary session of the Congress.

Taking a dig at Prime Minister Narendra Modi's propensity for "jumlebaazi" (empty rhetoric), Singh charged that the work done by this union government falls short of the claims made by its leaders.

"He (Modi) said we will provide 2 crore jobs, we have not seen even 2 lakh jobs... It is a jumla-type statement unlikely to be achieved," he charged.

Describing the government's demonetisation move as "ill-considered" and GST as "hastily implemented", the Congress leader said the twin measures had "messed up Indian economy".
In a similar vein, Congress leader P Chidambaram claimed the Modi government had inherited a strong economy legacy from the erstwhile UPA regime, but four year on, the Indian economy is lagging behind its global competitors.

"Today, the Indian economy is decoupled from the world economy which is growing," he said.

He also termed demonetisation a "big lie", before offering some choice words of advice to the RBI governor.

"Demonetisation was a big lie. RBI is still counting and won't tell us how much money has come back. I would like to advice the RBI Governor to go to Tirupati and get the hundi collectors. They count money faster than the RBI," Chidambaram quipped.

Singh, a noted economist and former finance minister, disparaged the budgetary allocations made by the government for the defence sector, calling it "inadequate" given the current geo-political scenario in India's neighbourhood.

"The defense expenditure of our country is no more than 1.6 per cent of our GDP. This is far too inadequate to meet the challenges of our security apparatus and our needs," he said. 

On Jammu and Kashmir (J&K), Singh blamed the BJP-PDP combine for engendering instability, and likened the two parties to "the left hand doesn't know what the right hand is doing".

"The Modi government has mismanaged issues in J&K like never before. They have installed a government where the two wings of the administration are working against each other. The atmosphere is deteriorating everyday," he warned.

The former PM said that India currently standing at the crossroads, and while it has many opportunities in hand, it also faces many challenges. At such a time, the Congress party will provide a new pathway to chalk out the future of the country, he asserted.

"The Congress party made India what it is today. It led the freedom struggle and guided India towards development after Independence. Today, we face similar challenges of carrying forward development and social justice," said Singh.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
May 27,2020

Mumbai, May 27: The Maharashtra government on Tuesday ordered re investigation by the CID into the suicide of a 53-year-old interior designer and his mother, allegedly over non-payment of dues by TV journalist Arnab Goswami and two others.

State Home Minister Anil Deshmukh said he ordered re investigation after Adnya Naik, daughter of interior designer Anvay Naik, claimed that Alibag Police in neighbouring Raigad district did not probe the non-payment of dues which had driven her father and grandmother to suicide.

"Adnya Naik had complained to me that #AlibaugPolice had not investigated non-payment of dues from #ArnabGoswami's @republic which drove her entrepreneur father & grandmom to suicide in May 2018," Deshmukh tweeted.

"I've ordered a CID re-investigation of the case," the minister, an NCP leader, added.

He also used the hashtag "Maharashtra government cares" while sharing the tweet. Earlier this month, the police registered an abetment of suicide case against Republic TV editor-in-chief Goswami and two others.

The suicide note purportedly written by Anvay Naik, managing director of Concorde Designs Private Limited, said he was forced to take his life as he was not paid dues of Rs 5.40 crore by the three accused.

Republic TV denied the allegation and said that certain vested interest groups were running "a false and malicious campaign and making false statements and innuendos against the company by exploiting the tragic event".

Mumbai Police are also conducting a probe against Goswami over his statements about the Palghar lynching case of April this year.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
June 5,2020

New Delhi, Jun 5: Shares of Reliance Industries on Friday gained over 2 per cent to hit their one-year high level after the company announced sale of 1.85 per cent stake in its digital unit, Jio Platforms, to Abu Dhabi-based sovereign investor Mubadala.

On BSE, the heavyweight stock jumped 2.38 per cent to Rs 1,617.70 -- its 52-week high.

It surged 2.41 per cent to its one-year high of Rs 1,618 on NSE.

Earlier in the day, Reliance Industries announced the sale of 1.85 per cent stake in its digital unit to Mubadala for Rs 9,093.60 crore, the sixth deal in as many weeks that will inject a combined Rs 87,655.35 crore in the oil-to-telecom conglomerate to help it pare debt.

"Mubadala Investment Company (Mubadala) will invest Rs 9,093.60 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore," the company said in a statement.

With this investment, Jio Platforms has raised Rs 87,655.35 crore from leading global technology and growth investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala in less than six weeks.

Jio Platforms, a wholly-owned subsidiary of Reliance Industries Ltd, is a next-generation technology company.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
April 3,2020

New Delhi, Apr 3: Prime Minister Narendra Modi on Friday urged people to gather together for a unique exercise on April 5 at 9 pm to show they were together in the fight against coronavirus.

"On this Sunday, April 5, we will challenge the darkness of coronavirus threat together. On April 5, at 9 pm, I need your 9 minutes. At 9 pm, turn off all the lights in your houses and light a Diya, candle, torch or flashlight for 9 minutes at your doors, or balcony," Modi said.

The Prime Minister further said that this will send out a message that nobody among the 130 crore Indians is alone in this fight against the deadly infection.

"I have one more prayer to all of you, nobody has to gather at any place during this event. Everyone will light a Diya only at their doors, windows or balconies. The Laxman Rekha of social distancing must be followed," Modi said.
Earlier, the Prime Minister had said that 130 crore Indians are together in this fight against coronavirus and praised the countrymen for following the lockdown.

"Today when crores of people are inside homes, then some of us may think how will they fight this battle against COVID-19 alone. Such questions might come up in your mind? But please remember, none of us is alone. The strength of 130 crores of Indians is with each one of us," he said.

He also expressed gratitude towards countrymen for participating in 'Janata curfew' on March 22 and said it has become "an example for all countries" today as they are following it.

In his address to the nation on March 24, the Prime Minister had announced a 21-day lockdown in the country to contain the spread of novel coronavirus, which has infected over 2,000 people in the country.

During the last "Mann Ki Baat" on COVID-19 related issue, the Prime Minister had apologised to the countrymen for taking the tough decision of enforcing complete lockdown in the nation. "My conscience says you will forgive me," he had said.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.