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
March 21,2020

New Delhi, Mar 21: Novel coronavirus cases in India rose to 258 on Saturday after 35 fresh cases were reported in various parts of the country, according to the Health Ministry.

Among the 258 are 39 foreign nationals, including 17 from Italy, three from the Philippines, two from the UK, one each belonging to Canada, Indonesia and Singapore.

The total figure also includes four deaths reported from Delhi, Karnataka, Punjab and Maharashtra.

"The total number of active COVID-19 cases across India stands at 231 so far," the ministry said, adding that 23 others have been cured/discharged/migrated while four have died.

Delhi has, so far, reported 26 positive cases, which include one foreigner, while Uttar Pradesh has recorded 24 cases, including one foreigner.

Maharashtra has 52 cases, including three foreigners, while Kerala has recorded 40 cases, which include seven foreign nationals.

Karnataka has 15 coronavirus patients. The number of cases in Ladakh rose to 13 and Jammu & Kashmir four. Telangana has reported 19 cases, which include 11 foreigners.

Rajasthan has also reported 17 cases, including two foreigners. Gujarat has reported seven cases so far.

Tamil Nadu, Andhra Pradesh and Uttarakhand have reported three cases each.

West Bengal, Odisha and Punjab each reported two cases while Puducherry, Chhattisgarh and Chandigarh reported one case each.

In Haryana, there are 17 cases, which include 14 foreigners.

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News Network
July 20,2020

New Delhi, July 20: India's retail trade has suffered a business loss of about Rs 15.5 lakh crore in past 100 days due to the COVID-19 lockdown, traders' body CAIT said on Sunday. 

In a statement, the Confederation of All India Traders (CAIT) said traders across the country are depressed because of minimal of the consumers, considerable absence of employees, facing financial crunch and yet have to meet several financial obligations.

"No support policy from the central or state governments is yet another crucial factor which is haunting the traders," CAIT claimed. 

CAIT Secretary General Praveen Khandelwal said the domestic trade is passing through its worst period in the current century which reflects that if immediate steps are not taken about 20 per cent of the shops in India will have to close down their shutters.

The traders’ body has also urged the government to award a substantial package to traders to ensure their survival. Their demands include: Relaxation in payment of taxes, extension in repayment of bank loans and EMIs without any further interest or penalty as well as measures that would provide money directly in the hands of the traders.

In April, the losses stood at about Rs. 5 lakh crore whereas in May it was estimated to be about Rs. 4.5 lakh crore, followed by Rs. 4 lakh crore in June. Losses stood at about 2.5 lakh crore in the first fortnight of July offering a grim snapshot of the effect of the pandemic on consumer spending. 

“Even as the lockdown was relaxed, store footfall was only 10 per cent. Most of these traders do not have deep pockets to sustain this severe economic catastrophe and on the other hand have several financial obligations to meet. At this crucial time, handholding of these traders is all the more much required,” Khandelwal said.

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Agencies
January 21,2020

New Delhi, Jan 21: With the IMF lowering India's economic growth estimate for the current fiscal to 4.8 per cent, senior Congress leader P Chidambaram on Tuesday claimed an attack on the world body and its chief economist Gita Gopinath by government ministers was imminent.

He also alleged that the growth figure of 4.8 per cent given by the International Monetary Fund (IMF) is after some "window dressing" and he won't be surprised if it goes even lower.

"Reality check from IMF. Growth in 2019-20 will be BELOW 5 per cent at 4.8 per cent," Chidambaram said in a series of tweets.

"Even the 4.8 per cent is after some window dressing. I will not be surprised if it goes even lower," the former finance minister said.

IMF Chief Economist Gopinath was one of the first to denounce demonetisation, he noted.

"I suppose we must prepare ourselves for an attack by government ministers on the IMF and Dr Gita Gopinath," Chidambaram said.

The IMF lowered India's economic growth estimate for the current fiscal to 4.8 per cent and listed the country's much lower-than-expected GDP numbers as the single biggest drag on its global growth forecast for two years.

In October, the IMF had pegged India economic growth at 6.1 per cent for 2019.

Listing decline in rural demand growth and an overall credit sluggishness for lowering of India forecasts, Gopinath, however, had said the growth momentum should improve next year due to factors like positive impact of corporate tax rate reduction.

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