Modi has deep flaws in his character: Chidambaram

March 31, 2014

New Delhi, Mar 31: Finance Minister P Chidambaram today attacked BJP's PM candidate Narendra Modi saying there are "deep flaws" in his character and warned people against the "danger" from one individual taking over the party, cabinet and government.

"It is no longer BJP led by Modi. It is BJP supplanted by Modi. These are dangerous things that people of India must watch carefully. If party, democracy, republic, cabinet, government, everything is supplanted by one individual, then it is dangerous.

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"I, me, mine (of Modi). People have enough time to reflect," the senior congress leader told reporters at the AICC headquarters here.

Chidambaram's attack came close on the heels of Modi targeting Sonia Gandhi at an election rally in Assam and demanding that she come clean on who helped the two Italian marines get "safe passage" from the country after killing two fishermen off the Kerala coast.

"Sonia Gandhi should answer the people on who helped the two Italian marines get safe passage from India after killing two fishermen in Kerala," he said.

Hitting out at Modi, Chidambaram said, "There are deep flaws in his character. He cannot resist from making such provocative and derogatory remarks."

The Finance Minister said that Modi had made "such perverse characterisation" of a former Chief Election Commissioner by calling him as 'James Michael Lyngdoh' in election meetings apparently referring to his religion.

"Referring to people practising a certain faith, he had said 'ham panch, hamare pachis. (we five, our 25)'. When he referred to the Congress President sometime back, he said 'das numberi'," Chidambaram said.

He said he was "astonished" by the fact that the party to which he belonged does not point out these "deep character flaws" in Modi. "These are the traits in his character about which we have been talking for the last two years."

Turning to the Italian marines issue, Chidambaram wondered what the country of the Congress President's origin had to do with it as it was a matter before the Supreme Court and the issue was between the lawyers and the courts.

Chidambaram also attacked Modi for his remarks that he would go after the former Maharashtra Chief Minister Ashok Chavan, fielded by Congress from Nanded, in the Adarsh Housing scam.

"Is he going to appoint himself as a Director of CBI. Modi has said that he will go after Chavan, that is an astonishing statement. But if he is appointing himself as CBI Director, then he will have to go against several others in his own party from the south of the Vindhyas and east of the Vindhyas. There are several people," he said.

He was asked about Modi's statement against Chavan while ignoring the CBI charge sheet against a BJP MP from Maharashtra, Ajay Sancheti, who has been accused of having eight benami flats in the Adarsh society.

Responding to questions on the SIT 'clean chit' to Modi in post-Godhara riots, Chidambaram said the SIT had limited mandate and did not have all the powers that the police have.

"SIT gave a report, which has been accepted by the first court. That report has been challenged in higher court. The final word is not yet out. It is wrong to describe the SIT report to the first court as a clean chit," he said.

On Uma Bharati reportedly raking up the Ram temple issue, he said she has spoken her mind. "She is candid and truthful. Many of the BJP leaders are not as truthful as Uma Bharati."

"Deep down, there are many BJP leaders who believe that the temple must be built at the site where the masjid was demolished, uniform civil code should be brought and Article 370 giving special status to Jammu and Kashmir should be done away with," he said.

To a question about the Prime Ministerial capability of Rahul Gandhi, he said that the Congress Vice President will be an "earnest, hardworking, concerned and compassionate" PM and while he has his own ideas, there will be many in the party and the government to give him suggestions.

With the UPA-II's image tarnished by several scams and controversies, the senior Minister admitted that the government and the party could have communicated better on issues like 2G spectrum and coal blocks allocation.

Replying to questions, he also said that he wanted that India should have supported the United Nations Human Rights Resolution against Sri Lanka even though the Ministry of External Affairs chose otherwise.

"I feel we should have voted for the resolution. After all 23 countries voted for it. At least, we would have had the satisfaction of voting for a resolution that called for action against human rights violation in Sri Lanka.

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News Network
June 12,2020

An Indian national was killed and four others injured in alleged firing by Nepal police personnel along the India-Nepal border in Bihar's Sitamarhi district today.

Sources said the firing took place after a clash between the Indians and personnel of Nepal police at the Lalbandi-Janki Nagar border in Pipra Parsain panchayat under Sonebarsha police station of the district.

Jitendra Kumar, the additional director general of police (headquarters), confirmed the death and injuries. The place of firing falls under Nepal jurisdiction.

Locals said Vikesh Kumar Rai, 25, died on the spot and Umesh Ram and Uday Thakur received bullet injuries when they were working in an agricultural field. Another person, Lagan Rai, is said to have been detained by the Nepali police.

Injured persons were rushed to Sitamarhi Sadar Hospital for better treatment.

Vikesh Kumar Rai’s father, Nageshwar Rai, said that his agriculture land falls under Narayanpur in Nepal where his son was working.

On May 17, Nepal police had fired blank rounds to disperse dozens of Indians trying to cross the border. It was not clear if they were also farmers.

The district magistrate and the superintendent of police of Sitamarhi have rushed to the spot.

Nepal shares a 1,850-kilometre (1,150-mile) open border with India and people travel across it for work and to visit family. It had closed its international borders on March 22 amid the coronavirus pandemic.

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News Network
February 28,2020

Feb 28: Market benchmark Sensex plummeted over 1,100 points, wiping off over Rs 5 lakh crore investor wealth, in opening session on Friday amid a massive selloff in global equities as rising coronavirus cases outside China stoked fears of a pandemic that could dent world growth.

The 30-share index sank 1,100.27 points, or 2.77 per cent, to 38,645.39, while the NSE Nifty cracked 329.50 points, or 2.83 per cent, to 11,303.80.

All Sensex components were trading in the red, led by losses in Tata Steel, Tech Mahindra, Infosys, Mahindra and Mahindra, Bajaj Finance, HCL Tech and Reliance Industries.

In the previous session, the Sensex settled 143.30 points, or 0.36 per cent, lower at 39,745.66, and the Nifty fell 45.20 points or 0.39 per cent to end at 11,633.30.

According to analysts, till last week the market was of the view that coronavirus was going to have minimum impact on global economy as situation in China was being contained. But the increase in the number of new cases is changing the view and investors are worried about an intense slowdown.

Further, incessant selling by foreign investors is also spooking domestic market participants, traders said.

On a net basis, foreign institutional investors sold equities worth Rs 3,127.36 crore on Thursday, data available with stock exchanges showed.

Stock exchanges in Shanghai, Hong Kong, Seoul and Tokyo plunged up to 4 per cent in their morning sessions.

On Wall Street, the Dow Jones Industrial Average dropped 1,190.95 points, its largest one-day point drop in history, bringing its loss for the week to 3,225.77 points, or 11.1 per cent.

The S&P 500 has now plunged 12 per cent from the all-time high it set just a week ago.

World oil prices too tumbled by more than 4 per cent overnight as traders fretted about the impact of spreading coronavirus on crude demand, particularly from key consumer China.

Brent crude oil futures fell another 2.47 per cent to USD 50.45 per barrel early in the day.

The rupee depreciated 28 paise to 71.89 against the US dollar in morning session.

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May 24,2020

New Delhi, May 24: The Indian economy is likely to slip into recession in the third quarter of this fiscal as loss in income and jobs and cautiousness among consumers will delay recovery in consumer demand even after the pandemic, says a report.

According to Dun & Bradstreet's latest Economic Observer, the country's economic recovery will depend on the efficacy and duration of implementation of the government's stimulus package.

"The multiplier effect of the stimulus measures on the economy will depend on three key aspects i.e. the time taken for effecting the withdrawal of the lockdown, the efficacy of implementation and duration of execution of the measures announced," Dun & Bradstreet India Chief Economist Arun Singh said.

The report noted that the government's larger-than-expected stimulus package is likely to re-start economic activities.

Besides, measures taken by the Reserve Bank of India like reducing the repo rate by a further 40 basis points to 4 per cent, extending the moratorium period by three months and facilitating working capital financing will also help stimulate the momentum.

Singh said while the measures announced by the government are "positive", most of them have been directed towards strengthening the supply side of the economy, and "it is to be noted that supply needs to be matched with demand", he said.

Besides, "in the absence of cash-in-hand benefits under the government's stimulus package, demand for goods and services is expected to remain depressed", he added.

He further said the loss in income and employment opportunities, and cautiousness among consumers, will lead to a delayed recovery in consumer demand, even after the pandemic. As debt and bad loan levels increase, the banking sector might face challenges.

The report further noted that even as the monetary stimulus is expected to inject liquidity and stimulate demand for a wider section of the economy, the channelisation of funds from the financial institutions will be subjected to several constraints.

The foremost concern being increase in risk averseness, as the balance sheets of firms, households, and banks/NBFCs have weakened considerably and low demand for funds by firms as production activities have been on a standstill during the lockdown period, Singh said.

India has been under lockdown since March 25 to contain the spread of the coronavirus, resulting in supply disruptions and demand compression.

Prime Minister Narendra Modi imposed a nationwide lockdown to control the spread of coronavirus on March 25. It has been extended thrice, with some relaxations. The fourth phase of the lockdown is set to expire on May 31. 

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