India must focus on agriculture for sound economy'

March 24, 2012

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Mangalore, March 24: To ensure that India fares well in its economy, it must focus on agriculture said Firoze B Andhyarujina, Senior Counsel, Mumbai High Court and an eminent authority on tax laws.

He was speaking at the panel discussion on 'India's Balance Sheet' organised by The Mangalore Branch of SIRC of ICAI in association with K Ganesh Shenoy Memorial Trust, Mangalore, in the city on Saturday.

Stressing that since India is basically an agricultural country, Mr. Andhyarujina said the government must look at agriculture as a means of improving its economy. “Focus should be on agriculture. The government must look at exporting the surplus agricultural produce after feeding our own people. Related aspects such as food storage and distribution must also be given attention to”, he said.

Raising the issue of poverty line, Mr. Andhyarujina said “India must ascertain as to who are the people belonging to the below poverty line (BPL). If the government places Rs 30 per day as the limit to identify people below poverty line, it does not even amount to 1 US Dollar. Where is the question of its impact on India's balance sheet then?” Terming service tax as a 'new phenomena, Mr. Andhyarujina said that Income Tax has become a 'tool of harassment of the common man'.

Observing that on the positive side, this year's budget has given scope for the development of infrastructure, Mr. Andhyarujina said that with proper channelization of resources and money, India can certainly progress. He added that India has an advantage as Indians possess qualities of innovation and thinking. “If India's balance sheet is ever drawn, the biggest intangible asset it would possess is the knowledge and patience of its people. India is on the path of betterment but it must look to contain inflation beforeit gets out of hand”, Mr. Andhyarujina said.

In his address, Prof G.V. Joshi, Professor of Economics at the Nitte-based Justice K.S. Hegde Institute of Management, said that Union Finance Minister admitted in his budget speech that fiscal deficit was on the rise. In a humourous remark, Prof. Joshi said “On that day, when Sachin Tendulkar continued his story of surplus, Pranab Mukherjee continued his story of deficit”. Stating that fiscal deficit is of recent origin, Prof. Joshi said that it has risen to 9.9% of the gross domestic product. Comparatively, he said, Karnataka's fiscal deficit which was highlighted in the stage budget presented by Chief Minister Sadananda Gowda is 2.8% of the gross domestic product calling it a 'marginal increase' which is not all that bad. “Economically Karnataka looks good although politically it is not”, Prof. Joshi remarked.

He also said that by trying to bring an amendment in an act concerning the fiscal deficits, the government will try to show non-plan expenditure as planned expenditure. Taking a dig at Pranab Mukherjee again, he said “Pranab quoted Shakespear in his speech saying that he is being cruel now to be kind later. Yes, he is being cruel this year and will be kind next year as next year elections will beround the corner”.

Murali Mohan, Chairman, Institute of Chartered Accountants of India (ICAI), Mangalore Chapter, moderated the session.

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News Network
March 30,2020

Bengaluru, Mar 30: Karnataka Chief Minister BS Yediyurappa on Monday appealed to people to strictly follow the restrictions in the state, saying that the ending of 21-day nationwide lockdown imposed to contain COVID-19 depends on how the public adheres to the rules.

In a press statement, Yediyurappa appealed to the people to help the government to prevent the spread of coronavirus by strictly following the lockdown.

"People of Karnataka are known for tolerance and patience. They are law-abiding citizens. Now, the lockdown in wake of coronavirus is a testing time for them. It has come to test the patience of our people, especially the people of Karnataka. Prime Minister Narendra Modi himself has apologized and said that lockdown was an inevitable step taken by the government to protect people from the pandemic. We have to realise the predicament of a prime minister who always cares for the well being of the country and its people," the statement quoted Yediyurappa as saying.

"At this hour of crisis, it is not good on our part to come out of houses and violate the curfew. The ending of lockdown depends on strictness with which one follows the curfew and maintain social distancing. If one follows the curfew strictly, the lockdown period will automatically end on April 14. Whether to end the lockdown or not is in your hands," he said.

The Chief Minister urged not to test the patience of police, saying, "Already our police are under stress as they are working without any rest. Do not force them to use the force and later blame them for stern action."

He also appealed to follow the lockdown provisions and stay back in their home.
"The government has taken all measures to maintain the supply of essentials and food to the needy. Consider this situation as a blessing in disguise and spend your valuable time reading books which in turn will boost your knowledge and intellectual capacity. My earnest request to even the poor is spending your time by involving yourselves in creative activities inside your houses," Yediyurappa said.

"At the same time, it is time for us to respect the sacrificing work of the doctors, nurses, health staff and civic workers who are working round the clock to save the lives of hundreds of people affected by coronavirus. My appeal to you all strictly follows the curfew rules and maintains the social distance to combat COVID-19," he added.

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News Network
April 13,2020

Bengaluru, Apr 13: Karnataka Pradesh Congress Committee (KPCC) President and former Minister D K Shivakumar has demanded resignation of Minister In-Charge of COVID-19 for his alleged irresponsible comment, despite holding a responsible post.

Mr Shivakumar's comments came after Dr Sudhakar on Sunday shared a picture of him and his children in a swimming pool, on Twitter with a caption, ''After a long time joined my children for swimming hope maintaining social distance here as well…hahaha.''

However, Dr Sudhakar deleted the tweet from his account, soon after he was criticised for sharing such a picture, when the country is facing a health crisis.

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News Network
February 28,2020

Suhaana shuddered with fear as she heard violent banging on her door on Sunday. The atmosphere was charged with communal tension after thousands of ruthless goons supporting contentious Citizens Amendment Act (CAA) launched a bloody onslaught against Muslims in the capital of India.

The family consists of Suhaana (name changed), her partially paralysed husband and two daughters. They are the only Muslim family in Madhuban mohalla of North Ghonda locality in north-east Delhi.

Hearts pounded louder than pounding of the door. Then the banging stopped and noises of men talking loudly came.

"I peeped out from a small window near the kitchen and saw our neighbours standing outside our entrance and arguing with 10-15 unknown people," Suhaana said.

It was the first day of the communal violence, worst in the decades, that fanned out to the entire north-east Delhi over the next three days and claimed at least 42 lives, left over 200 injured and properties worth crores destroyed. The death toll is feared to go up.

Later in the night Suhaana's family moved to one of their Hindu neighbour's house. There are about 30 Hindu households in the mohalla who kept vigil as the atmosphere deteriorated.

The next day, the violence escalated. The neighbours decided to shift Suhaana 's family to Gautampuri for their safety.

Suhaana recounted, "Our neighbours assured us that they are with us but as things were deteriorating, they said they wouldn't be able to protect us if a big mob of hundreds came. They advised us to move to the nearby Gautampuri locality and come back only after things become normal."

Rajkumar Bharadwaj brought the family to Gautampuri in the early hours on February 25.

Anil Gupta, 49, said, "It was tough to rescue them. We were asked by the rioters as to why we were saving the Muslims. But we had to, it is the people of my country who are suffering. It cannot be Hindus or Muslims."

Rajkumar Bharadwaj said, "Their youngest clung to me throughout. After I brought them here at Gautampuri, I felt good. Situation till then was not okay."

On Saturday, some semblance of normalcy returned to parts of north-east Delhi with some people opening their shops amid heavy police presence.

Meanwhile, the morbid sight outside GTB Hospital's mortuary, agonising groans in the hospital wards burnt down houses and shops remind Suhaana and others what they have been spared of.

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