Saviour or Sonia's poodle, asks UK paper about PM Manmohan Singh

July 17, 2012
manmohsonia

New Delhi, July 17: Hailed abroad not too long ago as statesman and economic guru, Prime Minister Manmohan Singh is at the receiving end of increasing harsh comment with British daily, The Independent, critiquing his tenure under a disparaging headline "Manmohan Singh - India's saviour or Sonia's poodle?"

The report, although less widely circulated than several others in the UK, is the latest foreign publication to question Singh's legacy and his capacity to regain control of a coalition reeling under corruption scams, an unresponsive bureaucracy, bullying allies and a freeze in reforms.

More damningly, The Independent refers to an unequal sharing of power between Singh and Sonia, saying "Observers say one of Singh's problems is that he has no genuine political power. Rather, he owes his position to Sonia Gandhi...This has meant he has sometimes been unable to even control his cabinet and his failure to more quickly address actions of coalition minister, accused of defrauding the country up to $40 billion in a telecom licence scam, led him to being accused of further weakness."

The report says Singh's reforming zeal has evaporated and slowed the country's growth while political opponents are attacking him for overseeing an administration mired in corruption and sloth. Reference points include the 5.3% growth shock of the first quarter and downgrades by rating agencies among other indicators of a slowing economy.

Reacting to the report in the British daily, Congress spokesperson Manish Tewari said, "It is unfortunate that some people misuse editorial licence. While criticism is to be taken in one's stride; what needs to be kept in mind is that criticism should not cross boundaries of decency and start bordering on the offensive and I do hope that people who are entrusted with the responsibility of handing of editorial content would definitely keep this submission in mind."

However, BJP spokesperson Ravi Shankar Prasad saw the report as a validation of his party's criticism of the PM. "The non-performance of the Manmohan Singh government has been known for long. Now well-known journals on whose certificates the PM and Congress used to bank on are saying the same thing. The important question remains on how Sonia Gandhi can escape responsibility as she is the source of the PM's political authority."

Like in a cover story in Time magazine recently, The Independent report suggests that time is fast running out for Singh if he wants to retrieve his legacy as the reformer who released India from the shackles of the socialist dogma with a path-breaking Budget in 1991 after the P V Narasimha Rao government took office.

Taken together, the spate of adverse reports in international publications represent a souring of mood on the man, who was not so long ago hailed as the author of India's success story and savant of global economy.

The Time cover with its sharp headline "Underachiever" had noted that the PM needs to emerge from his personal and political gloom if he is to retrieve the stalling India story. The report quoted political analysts to say Singh might yet pull off a recovery, but needed to shed his government's reluctance to move forward on reforms.

Prior to the Time cover, The Economist had referred to the PM as a "lame duck" in a report on his meeting with Pakistani president Asif Zardari. In another report, it noted that "Singh may not be remembered as the man who reformed India's economy, but the man who only got the job half done." The tone of other publications like the Financial Times has also become more questioning, wondering if Singh can actually quell disquiet over India's economic growth.


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News Network
March 6,2020

Mumbai, Mar 6: Harried Yes Bank depositors rushed to ATMs to withdraw cash but faced multitude of problems including closed down machines and long queues, after the RBI placed the bank under a moratorium, capping maximum withdrawals at Rs 50,000 per account for a month.

Aggravating the problems of depositors were difficulties accessing the internet banking channel, which ensured that they can't transfer the funds online as well. At an ATM in south Mumbai's Horniman Circle, with the RBI headquarters overlooking it, the shutters were pulled down.

The guard on duty said the machine was non-operational before he reported to work late in the evening and he was ordered to shut it after 2200 hrs. In the residential area of suburban Chembur, one ATM was dispensing cash but had a long queue of anxious depositors.

One man said it was still possible to withdraw up to Rs 50,000 in multiple transactions from the machine.

However, another machine nearby had run dry within minutes of the RBI announcement, a woman said.

The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender.

For the next month, Yes Bank will be led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.

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News Network
June 30,2020

New Delhi, Jun 30: Amid calls for boycotting Chinese products after India-China face-off in eastern Ladakh, Congress leader Rahul Gandhi on Tuesday hit out at Prime Minister Narendra Modi-led government claiming that imports from China have increased under the NDA regime.

"Facts don't lie. BJP says: Make in India. BJP does: Buy from China," Gandhi tweeted along with a graphic of the percentage of imports from China during the UPA rule and the NDA government.

The graphic claims that imports from China were at 12-13 per cent when the Congress-led UPA government vacated office in 2014 but now stood at 17-18 per cent in 2020.

The Congress leader has been vehemently targeting the Centre on the India-China border situation after 20 Indian soldiers were killed in violent face-off with Chinese troops in Ladakh's Galwan valley earlier this month.

Indian intercepts have revealed that the Chinese side suffered 43 casualties, including dead and seriously injured, in the face-off.

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News Network
April 21,2020

New Delhi, Apr 21: India's count of positive coronavirus cases reached 18,985 after 1,329 new cases were reported in the last 24 hours, the Ministry of Health and Family Welfare said on Tuesday.

Out of the total cases, 15,122 are active cases, 3,259 have been discharged or cured and one has migrated. With 44 new deaths reported in the last 24 hours, the toll stands at 603.

As per the evening update by the ministry, Maharashtra continues to be the worst-hit state with 4,669 cases, out of which 572 patients have been discharged and cured and 232 deaths.

Delhi's total count of confirmed cases stand at 2,081, which includes 431 cured or discharged cases and 47 deaths.

Gujarat has reported a total of 2,066 positive COVID-19 cases, out of which 131 patients have recovered or discharged, while 77 patients have lost their lives.

Madhya Pradesh's count of COVID-19 cases stand at 1,540, including 127 cured or discharged cases and 76 deaths.

Rajasthan has so far reported 1,576 positive cases, out of which 205 patients have recovered or discharged and 25 people have lost their lives.

Tamil Nadu's COVID-19 figure has risen to 1,520, with 457 patients recovered and 17 fatalities. Uttar Pradesh has reported 1,294 cases, out of which 140 patients have recovered and 20 are dead.

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