Manmohan Singh an overrated economist and an underrated politician: BJP

July 6, 2012

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New Delhi, July 6: Bharatiya Janata Party leader Yashwant Sinha Friday attacked Prime Minister Manmohan Singh, calling him an "overrated economist" and an "underrated politician".

Reacting after the prime minister assured the nation that economic growth will be restored, Sinha, who was the finance minister during the National Democratic Alliance (NDA) regime, said the prime minister was only a "consultant" to the government.

"He is an overrated economist and underrated politician," Sinha said. "The problem with Manmohan Singh has been that he has always acted as a consultant to the government, saying what should be done, what need not be done.

You know he has been prime minister for eight years, before that he was finance minister for five years and clearly, he had all the opportunity in the world to implement what he believes in," said Sinha. "Now, at the end of eight years, he cannot say this should be done and that should be done," he added. Sinha also said that the prime minister should not blame his government's failures on the previous NDA government.

"The mess is domestically created and it is the government which has created the mess. This is something which has to be understood. I went through his interview and I find that he is constantly offering alibis, you know, and the worst part of it is that he says they had to undo what we did, when we were in the government," said Sinha.

"As if all the problems in India from 1947 onwards can be laid at the door of the NDA government between 1998 and 2004. Why was India partitioned? Because of the NDA government. Why is the Kashmir problem there? Because of the NDA government," he said. In an interview published in the daily Hindustan Times, the prime minister said:

"There is no realisation that a reversal to an earlier era is neither possible nor desirable; even a neighbour like China has understood the logic of an open economy and is developing the institutional framework which is required for this". Manmohan Singh also refuted charges of corruption against his government, saying "I do not think there has been any explosion in corruption under my watch". Sinha said this was "laughable".

"These are the most laughable of all comments made so far. He has defended his corrupt ministers to the hilt, it's only when the Supreme Court used its stick that they gave up. Why is he protecting (Home Minister P.) Chidambaram? He protected (former telecom minister A.) Raja earlier," Sinha added.

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Agencies
June 5,2020

Malappuram, Jun 5: A lawyer has filed a complaint with Superintendent of Police, Malappuram against BJP leader Maneka Gandhi and others for allegedly indulging in a hate campaign against Malappuram district and its residents.

Advocate Subhash Chandran, who hails from Malappuram, on Thursday filed a complaint seeking registration of FIR against former Union Minister Maneka Gandhi and others for allegedly indulging in a hate campaign against Malappuram and the residents of the district.

The complainant alleged that the campaign against the district was very derogatory and with a malafide intent.

The complaint stated that the unfortunate death of an elephant in Mannarkkad, Palakkad District dominated social media conversations in the last two days but a group of people deliberately added communal colour into it only to spread hatred against Malappuram, which is a Muslim majority district in Kerala.

It also stated that the elephant in question died on May 29, 2020, in Palakkad not in Malappuram as claimed by a section in social media users. Prominent news outlets operating from the South also reported that the elephant died after consuming explosive-laden pineapple in Palakkad.

The complaint also named political commentator, Tarek Fatah, for allegedly starting a hate campaign against the district and the minority community.

It alleged that Union Minister Maneka Gandhi made false and frivolous allegations against the district of Malappuram and its residents.

Chandran, through the complaint, prayed to the district police chief to register an FIR against Maneka Gandhi and others under Section 153A, 120B etc. of Indian Penal Code.

An elephant had died after she ate the pineapple stuffed with crackers and forest officials said that it died standing in river Velliyar after it suffered an injury in its lower jaw.

The elephant was seen standing in the river with her mouth and trunk in the water for some relief from the pain after the explosive-filled fruit exploded in her mouth.

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Agencies
June 15,2020

Nuapada, Jun 15: In a shocking incident, a 70-year-old elderly woman had to drag her 100-year-old bedridden mother on a cot to the nearby bank to withdraw pension money of Rs 1,500.

The incident came to light after a video of the woman dragging her bedridden mother on a cot to a bank in Odisha's Nuapada district went viral on social media.

The woman from Bargaon village dragged her mother on the cot after the bank official allegedly asked for physical verification. The incident took place on June 9.

"I went to the bank several times in last three months and requested the bank official to release the pension amount. However, the official informed that they would release the pension if I bring my mother to the branch," said Punjimati Dei.

Bank manager Ajit Pradhan allegedly asked Dei to bring her bedridden mother Labhe Baghel to the bank.

Her mother is an account holder under Jan Dhan Yojana of the Central government.

The Centre had announced Rs 500 monthly assistance for women Jan Dhan bank account holders from April to June in view of the COVID-19 situation.

A district administration official informed that the woman reached the bank with her mother before the manager could visit her home for the verification.

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News Network
March 27,2020

Mumbai, Mar 27: Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that Monetary Policy Committee (MPC) has taken note of the global economic activity coming to a near standstill due to the coronavirus pandemic and added that large parts of the world could slip into recession in the coming days to the coronavirus crisis.
"The MPC noted that global economic activity has come to a near stand-still as COVID-19 related lockdowns and social distancing are imposed across a widening swath of affected countries. Expectations of a shallow recovery in 2020, from 2019's decade low in global growth, have been dashed," Das said.
"The outlook is now heavily contingent upon the intensity, spread and duration of the pandemic. There is a rising probability that large parts of the world will slip into recession," he added.
The RBI Governor further added that "the implied GDP growth of 4.7 per cent in Quarter 4 of 2019-20, in the second advance estimates of the National Statistics Office which was released in February 2020, within the annual estimate of 5 per cent for the year as a whole is now at risk."
As per the outlook for the year 2020-21, Das said, "Apart from continuing resilience of agriculture and allied activities most other sectors of the economy will be adversely impacted by the pandemic depending upon, its intensity, spread and duration."
Das also announced a reduction in the repo and reverse repo rates for banks.
"The repo rate has been reduced by 75 basis points to 4.4 per cent. The reserve repo rate has been reduced by 90 basis points to 4 per cent," Das said addressing the media.
The decision for "a sizeable reduction" in the policy repo rate, according to the RBI Governor was taken to "revive growth and mitigate the impact of COVID-19 and ensure financial stability." 

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