PM addresses nation on reforms: Who said what

September 22, 2012

PM

New Delhi, September 22: Prime Minister Manmohan Singh, in a televised speech this evening, explained to the nation the reforms introduced by his government last week. The PM said that the people have a right to know why his government took these decisions and that they should rest assured that the government did not want to burden the aam aadmi or common man.

Here are the political reactions to Dr Singh's speech:

Mamata Banerjee, Trinamool Congress Chief and West Bengal Chief Minister (on her Facebook page)
I want to ask what is the definition of aam aadmi? Is it not becoming clear that the use of the name of aam aadmi, and misuse of power of chair. Is it to finish aam aadmi? Is it the game plan.

Sitaram Yechury, CPI(M) leader
There is nothing new in the PM's speech

Kakoli Ghosh Dastidar, Trinamool Congress leader
PM is a gentleman, a learned man. But the Congress has no touch with the common man, though they keep talking about aam aadmi. Cut in subsidy will create problems for the middle class.

Mukhtar Abbas Naqvi, BJP leader
In his speech, the Prime Minister tried to mislead the country. He appeared advocating the interests of foreign countries and not the Indians, he leads.

Prakash Javadekar, BJP spokesperson
If PM wanted to show intent, he should have acted against corruption. Instead he has burdened the common man.

Tarun Vijay, BJP spokesperson
Money doesn't grow on trees, yes. Thanks for telling us, but money stashed in foreign banks? No mention of financial irregularities. Just Words.

Shivanand Tiwari, Janata Dal (United) spokesperson
Everybody knows that a major share of petrol and diesel is imported. But what steps has the government taken to bring down the consumption. He is accusing the Opposition of creating confusion on the issue but, in fact, Singh himself is doing so.

Prakash Karat, CPI(M) General Secretary
The Prime Minister has sought to defend the indefensible steps taken by the government. The Prime Minister has not answered how he could proceed with these measures when it does not have the support of the overwhelming majority in Parliament.



D Raja, CPI National Secretary
The address was very very desperate. He miserably failed to answer any questions raised by common man and parties.

Kapil Sibal, union minister
Without these decisions, our situation would have worsened. I think the steps taken are not much and are right. The steps in 1991 were opposed similarly.


Rashid Alvi, Congress spokesperson
The Prime Minister has explained each and everything as to why under the present circumstances, tough steps taken by the government were necessary. This should be appreciated by other parties.

Shabana Azmi, actor and activist
Sound speech by PM. There should be many such addresses to a bewildered nation so people know what's going on and why.

Ajay Maken, Union sports minister
PM shows strong resolve, aggression and focus for fast economic growth, for welfare of the common man! "Those opposing now, did so in 1991 too."

Adi Godrej, chairman of the Godrej Group and president of CII
A very balanced address, he clearly explained that these steps were very necessary. His comparison with 1991 was very apt. I am impressed with the action last week and today's speech; the government has good support. Mamata's pullout may strengthen the government - the stock market went up and the rupee appreciated. A stronger rupee will lead to lower inflation.

Jay Shankar, economist and political strategist
There is very little that the Prime Minister has to connect with the people... they don't know or understand great economic terminologies like fiscal deficit. He should speak to the people more often. In a typical democracy like India, regional parties have become strong and they determine how reforms should be implemented. Strong leadership is required.

Madan Sabnavis, chief economist, Care Ratings
The government should rethink its decision taken on subsidy. The PM spoke very good economics but was not convincing. It is not a precarious situation like in 1991, India is not the only country with a high fiscal deficit.

Kiran Mazumdar Shaw MD, Biocon
PM gave a very cogent explanation of the urgency for reforms. He reached out to the people to explain how he can't afford India to reach a situation like some European countries where people are losing their jobs. I wish he had done this earlier. We can't have a prime minister who keeps large periods of silence.


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News Network
July 1,2020

Jul 1: Gold prices in India hit an all-time high on Wednesday, tracking a global rally, as surging coronavirus cases in many countries raised the metal's safe-haven appeal.

Local gold futures hit an all-time high of Rs 48,871 ($646.66) per 10 grams in early trade, taking their gains to 25% in 2020 so far. The contract had gained nearly 25% in 2019.

However, this dampened the retail demand for gold in India, the world's second-largest consumer of the precious metal.

"Retail demand is negligible. Buyers are postponing purchases anticipating a correction in prices," said a Mumbai-based bank dealer with a bullion importing bank.

In thin trade, dealers were offering a discount of up to $22 an ounce over official domestic prices on Wednesday afternoon, up from the last week's $18. The domestic price includes a 12.5% import tax and 3% sales tax.

The country's gold imports in May plunged 99% from a year earlier as international air travel was banned and jewellery shops were closed amid a nationwide lockdown to curb the spread of coronavirus.

In overseas market, spot gold firmed near an eight-year peak on Wednesday, as a spike in coronavirus cases in the United and States and many other countries has cast a shadow on hopes for a quicker global economic recovery, driving inflows into safe-haven assets.

According to a latest Reuters tally, the coronavirus has infected more than 10.48 million people worldwide so far.

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News Network
June 15,2020

New Delhi, Jun 15: On Monday, petrol and diesel prices across the country were raised for the ninth consecutive day by 48 paise and 59 paise, respectively.

Petrol price per litre was raised to Rs 76.26 in New Delhi, Rs 83.17 in Mumbai, Rs 79.96 in Chennai, Rs 79.17 in Hyderabad, Rs 78.73 in Bengaluru and Rs 78.10 in Kolkata.

Diesel price per litre was hiked to Rs 74.62 in New Delhi, Rs 73.21 in Mumbai, Rs 72.69 in Chennai, Rs 72.93 in Hyderabad, Rs 70.95 in Bengaluru and Rs 70.33 in Kolkata.

Since 7 June, after ending their 82-day hiatus in daily revision, state-owned oil marketing companies have increased petrol price by Rs 5 per litre and diesel by Rs 5.23 per litre.

These prices are close to levels last seen in October-November 2018 when international oil prices had spiked close to $80 per barrel. In October 2018, petrol price in Mumbai had crossed Rs 90-mark and in Delhi, it was around Rs 83 per litre.

Comparatively, on Monday, Brent crude, the international benchmark for crude oil prices, fell 2.3 percent to $37.84 a barrel over concerns of subdued demand for fuel as new coronavirus infections were reported in China and the US.

The present spike in fuel prices in India could be attributed to the fact that central and state governments, along with oil marketing companies are looking to make up for their loss in revenues due to the lockdown.

Last month, the central government had increased the excise duty on per litre of petrol by Rs 10 and per litre of diesel by Rs 13. Several state governments have also hiked their VAT or cess on fuel in the last month. In fact, now around 70 percent of the retail price of fuel is just some form of tax.

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Agencies
August 3,2020

New Delhi, Aug 3: President Ram Nath Kovind and Prime Minister Narendra Modi on Monday extended warm greetings and good wishes to the countrymen on the occasion of Rakshabandhan.

The President in his message said, "Greetings on Raksha Bandhan! Rakhi is the sacred thread of love and trust that connects sisters with brothers in a special bond. On this day, let us reiterate our commitment to secure the honour and dignity of women."

"Many wishes to all the countrymen on the auspicious occasion of Rakshabandhan," Prime Minister Modi tweeted in Hindi.

Rakshabandhan, which is being celebrated today, is a celebration of the unique bond between brothers and sisters. Tying of the Rakhi by sisters, symbolises love, affection and mutual trust between brothers and sisters. 

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