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.

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News Network
May 23,2020

New Delhi, May 23: On the occasion of Jumat-ul-Vida, the last Friday of the ongoing holy month of Ramzan, a select group of people offered namaz at Delhi's Jama Masjid ahead of Eid-ul-Fitr, while adhering to social distancing following relaxations in the fourth phase of the COVID-19 lockdown.

"A large number of people wanted to offer prayers today but we told them they should do so from their homes. Only the staff of the mosque and a few members of the family offered prayers here," Shahi Imam of Jama Masjid said.

The coronavirus pandemic has also marred the excitement of Eid for the vegetable and fruit vendors in neighbouring Daryaganj.

The fourth phase of nation-wide lockdown extended till May 31, began from Monday in which markets and shops were allowed to open. However, due to persisting fear of COVID-19, the sale of products is yet to pick pace.

Unlike each year, the market lacks the sheen this Eid with no bustle and people cautious about venturing out.

Salim, who has been selling cheese and curd in the market for the last 35 years, told ANI, "I have never seen such an Eid. There is an atmosphere of fear in the minds of people."

Another fruit seller Haseen Malik said that "During the month of Ramadan, most people relish fruits such as musk melon, sweet lemon and watermelon so there is some demand for it. But there is no excitement for Eid this year. The sale has been at an all-time low because of the lockdown."

In the wake of the festival and to ensure social distancing, Delhi Police has made elaborate security arrangements. 

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Agencies
May 17,2020

New Delhi, May 17: Eight of the 10 most valued domestic firms suffered a combined erosion of Rs 1,37,311.31 crore in market valuation last week, with Reliance Industries (RIL) taking the biggest knock.

Only Bharti Airtel and ITC from the top-10 list managed to close the week with gains.

RIL's market cap plunged Rs 65,232.46 crore to Rs 9,24,855.56 crore.

The market valuation of HDFC Bank declined Rs 22,347.07 crore to Rs 4,87,083.88 crore and that of Hindustan Unilever Limited tanked Rs 13,192.26 crore to Rs 4,77,458.89 crore.

ICICI Bank's market cap dropped Rs 9,770.06 crore to Rs 2,08,900.79 crore.

Infosys witnessed a decline of Rs 9,518.84 crore in valuation to reach Rs 2,77,814.09 crore while that of HDFC tumbled Rs 9,370.38 crore to Rs 2,83,293.70 crore.

The m-cap of Kotak Mahindra Bank slipped by Rs 7,805.2 crore to Rs 2,25,327.22 crore.

Tata Consultancy Services' market valuation dipped Rs 75.04 crore to Rs 7,10,439 crore.

In contrast, Bharti Airtel added Rs 13,147.89 crore to its valuation to stand at Rs 3,02,292.43 crore.

ITC's valuation also rose by Rs 7,744.11 crore to Rs 2,02,330.13 crore.

In the ranking of top-10 firms, RIL retained the number one spot, followed by TCS, HDFC Bank, HUL, Airtel, HDFC, Infosys, Kotak Mahindra Bank, ICICI Bank and ITC.

During the last week, the Sensex declined 544.97 points or 1.72 per cent.

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News Network
May 20,2020

United Nations, May 20: Highlighting India's long-standing history of promoting inclusive and peaceful societies, a top UN official on Tuesday voiced concern over incidents of "increased hate speech and discrimination" against minority communities in the country following the adoption of the Citizenship Amendment Act.

Under-Secretary-General and UN Special Adviser on the Prevention of Genocide Adama Dieng, however, welcomed Prime Minister Narendra Modi’s call for unity and brotherhood in the wake of the COVID19 pandemic.

Dieng said in a note to the media on Tuesday that he is "concerned over reports of increased hate speech and discrimination against minority communities in India" since the adoption of the Citizenship Amendment Act (CAA) in December 2019.

The Indian government has maintained that the CAA is an internal matter of the country and stressed that the goal is to protect the oppressed minorities of neighbouring countries.

The CAA, which was notified on January 10, grants Indian citizenship to non-Muslim minorities migrated to India from Afghanistan, Pakistan and Bangladesh till December 31, 2014, following persecution over their faith.

"While the objective of the act, to provide protection to minority communities is commendable, it is concerning that this protection is not extended to all groups, including Muslims. This is contrary to India’s obligations under international human rights law, in particular on non-discrimination,” Dieng said.

The Special Adviser recognised "India’s long standing and well recognised history of promoting inclusive and peaceful societies, with respect for equality and principles of non-discrimination.”

He also welcomed recent statements by Prime Minister Modi that the COVID-19 pandemic “does not see race, religion, colour, caste, creed, language or border before striking and that our response and conduct...should attach primacy to unity and brotherhood.”

Dieng encouraged the Government of India to "continue to abide by this guidance by ensuring that national laws and policies follow international standards related to non-discrimination and to address and counter the rise of hate speech through messages of inclusion, respect for diversity and unity.”

He further reiterated that he would continue to follow developments and expressed his readiness to support initiatives to counter and address hate speech.

The hate speech and the dehumanisation of others goes against international human rights norms and values, he added.

“In these extraordinary times brought about by the COVID-19 crisis it is more important than ever that we stand united as one humanity, demonstrating unity and solidarity rather than division and hate,” he said.

Dieng also expressed concern over reports of violence during demonstrations against CAA in some regions of India.

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