BJP to launch 'political war' against FDI, fuel price hike

September 16, 2012

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Hyderabad, September 16: Demanding rollback of the fuel price hike and FDI in retail, senior BJP leader M Venkaiah Naidu today said the party would launch a "political war" against it.

The UPA government has failed on all fronts and mid-term polls are the only solution for the country, Naidu told reporters here.

Accusing the UPA government of not taking into confidence even its allies for allowing FDI investment in multibrand retail and hike in diesel price, the BJP leader said the party would chalk-out a detailed programme of "political war" soon.

The central government led by Congress has taken the decision to cover up its failure and divert attention of people, he alleged.

Terming the FDI investment in retail as a "unilateral decision", Naidu said the UPA government has failed to keep its promise made in Parliament.

On December 7 last year, the then Finance Minister Pranab Mukherjee had informed the Lok Sabha that the decision to permit 51 per cent FDI in multibrand retail trade was suspended till a consensus was developed through consultation amongst various stakeholders including state chief ministers, he said.

The announcement was made without consulting opposition parties, traders and chief ministers of the states, he alleged.

Replying to a query, Naidu said BJP is not opposed to reforms but against FDI in retail trade and such a decision would throw crores of farmers on streets.

Reiterating party's demand for cancellation of coal blocks allocation, Naidu demanded a high-level independent inquiry in it.

A nationwide agitation programme against the UPA government's anti-poor and anti-farmer policies would be chalked out during the party's three-day national executive meeting to be held at Faridabad from September 26, he said.


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News Network
May 10,2020

New Delhi, May 10: India's COVID-19 count crossed 60 thousand on Sunday, with Maharashtra being the worst-affected due to the infection so far, according to the Union Ministry of Health and Family Welfare.

The number of total confirmed cases in the country rose to 62,939, including 19,358 patients who have been cured and discharged or migrated, according to the Ministry.

The total number of active cases in the country, therefore, stands at 41,472.

The number of deaths in the country due to the infection reached 2,109 on Sunday.

While Maharashtra, with 20,228 cases is the worst-affected state, it is followed by Gujarat with 7,796 and the national capital, Delhi, with 6,542 cases. Tamil Nadu, is marginally behind Delhi with 6,535 cases.

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News Network
June 10,2020

New Delhi, Jun 10: India on Wednesday reported a spike of 9,985 more COVID-19 cases in the last 24 hours, taking the country's COVID-19 count to 2,76,583, according to the Union Ministry of Health and Family Welfare.

279 deaths were reported in the last 24 hours taking the total death toll to 7,745.

The total number of active cases has reached 1,33,632 while 1,35,205 patients have recovered. While one person has migrated.

With 90,787 cases, Maharashtra reported the highest number of coronavirus cases in the country followed by Tamil Nadu with 34,914 cases.

According to the Indian Council of Medical Research (ICMR), 1,45,216 samples were tested in the last 24 hours while overall 50,61,332 samples have been tested so far.

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News Network
January 28,2020

New Delhi, Jan 28: Kolkata Metro Rail Corp expects to complete its East-West project, which runs partly under the city’s iconic Hooghly river, by March 2022 after a delay of several years doubled costs.

The authority is awaiting a final installment of Rs 20 crore ($2.8 million) over the next two years from the Indian Railway Board, said Manas Sarkar, managing director at KMRC. A soft loan of Rs 4,160 crore from Japan International Cooperation Agency helps fund 48.5% of the project.

India’s oldest metro, which started in 1984 with a North-South service, was due to expand by 2014 but faced problems including squatters on the planned route. These issues have contributed to the total project cost rising to about Rs 8,600 crore for some 17 kilometers from Rs 4,900 crore for 14 km.

“About 40% of total transport demand will be tackled by these two metro services,” Sarkar said in an interview at his office in Kolkata. “It will be a relief for environmental pollution and the city should be much more decongested.”

The new line is expected to carry about 900,000 people daily, -- roughly 20% of the city’s population -- and will take less than a minute to cross a 520-meter underwater tunnel. Depending on the time of day, it takes some 20 minutes to use the ferry and anywhere upward of an hour to cross the Howrah bridge.

KMRC will repay the JICA loan over 30 years after an initial six-year moratorium. The interest rate is between 1.2% to 1.6%. The East-West metro project is 74% owned by the railway ministry and 26% by the ministry of housing and urban affairs.

“We don’t anticipate any further cost escalation now,” Sarkar said.

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