Rahul promises farm loan waiver, says money will come from Ambani, Mallya

Agencies
November 17, 2018

Raipur, Nov 17: Congress president Rahul Gandhi Saturday promised to waive farm loans in Chhattisgarh within 10 days of assuming power in the state and said the money for it would come from the "likes of" Vijay Mallya, Nirav Modi and Anil Ambani.

Stepping up his attack on Prime Minister Narendra Modi over demonetisation ahead of the second and final phase of the Chhattisgarh polls, Gandhi alleged that Modi made the honest people suffer through the 2016 exercise, but spared the rich.

Addressing a poll rally in Koriya district, he alleged that the prime minister had waived loans worth Rs 3.5 lakh crore of a few rich people, but not those of the poor farmers.

"As soon as the Congress forms the government here, Modiji, you count 10 days. The Congress will waive the loans of each farmer in Chhattisgarh within 10 days," Gandhi said.

He claimed that BJP leaders used to question the previous Congress-led UPA government about the source of money for granting loan waiver.

"Modiji, the money for the loan waiver for Chhattisgarh's farmers will come from the likes of Vijay Mallya, Nirav Modi, Anil Ambani...We will take their money and implement the loan waiver," the Congress chief said.

He alleged that "liquor baron Mallya fled the country with Rs 10,000 crore of the banks, while Nirav Modi and Mehul Choksi fled with Rs 35,000 crore".

Addressing a rally in Ambikapur, Modi had Friday claimed that the Congress was "worried" because he took away all the money its "minions and friends" had stashed under their beds and in sacks in one stroke.

"Something rankles them (Congress) in such a way that they are still not able to sleep...No one sitting here is crying. Only one family is crying," Modi had said, while justifying demonetisation.

Gandhi reiterated his charge that the prime minister had helped industrialist Anil Ambani get Rs 30,000 crore in the "Rafale scam".

Turning to demonetisation, he said Modi "robbed the poor and the honest" through the exercise, which invalidated the old Rs 1,000 and Rs 500 currency notes, and made them stand in queues to exchange the scrapped notes.

"Modiji had said he would fight against black money. He had (recently) said those who had stashed money in their houses and or kept it hidden under pillows were thieves and that he had taken action against them.

"I want to tell you (people) that you have not committed any theft. The person who has committed a theft is Narendra Modi. He made the honest people stand in queues. Have you ever seen those wearing suit-boot and crorepatis standing in queues (outside banks)?" Gandhi asked the crowd.

He said the Congress had always delivered on its promises, unlike the BJP.

"The intention of the Congress is very clear. It never makes false promises. In fact, you can listen to my speeches of the last 15 years. I never made false promises. Whatever I promised, I fulfilled it," Gandhi said.

He added that the previous UPA government had brought in measures like the Tribal Bill, the Right to Food Act, the Right To Information Act, the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA), the Land Acquisition Bill etc.

"You can check the records. On the contrary, Modi and Chhattisgarh Chief Minister Raman Singh did not fulfil the promises they had made to farmers," the Congress MP said.

Modi and Singh did not fulfil their promises like good returns to farmers on their produce and loan waiver, he said.

"In the last four-and-a-half years, Modiji has waived loans worth Rs 3.50 lakh crore of a few rich people, but he has not spoken about farm loan waiver. Similarly, Raman Singh has snatched the bonus of the farmers," Gandhi alleged.

He accused the prime minister of remaining "silent" on the "corruption charges" against Singh.

"Modi used to speak about corruption in his earlier speeches, but why has he not spoken about the corruption of Raman Singh?" the Congress chief asked.

He claimed that the names of Singh and his wife had surfaced in the alleged Rs 36,000-crore civil supply scam.

"A Rs 5,000-crore chit fund scam was also perpetrated in the state. His (Singh's) son Abhishek Singh was named in the Panama Papers scandal, but no action was taken in any of these cases," Gandhi said.

The chief minister has denied the allegations against him.

Gandhi alleged that Modi was not acting against Abhishek Singh in the Panama Papers case.

"This, at a time when Pakistan has jailed its former prime minister Nawaz Sharif after his name cropped up in the Panama Papers," he said.

The Congress chief also accused the Raman Singh government of creating "two states" within Chhattisgarh in the last 15 years -- one for the rich and one for the poor.

"The Raman Singh government has created two Chhattisgarh. One belongs to the rich and the industrialists wearing suit-boot, while the other belongs to the common men, women, farmers and labourers. We do not want two Chhattisgarh but one, where everybody gets justice," he said.

When Chhattisgarh was formed, people wanted the locals to get the benefits of its natural resources and money, but that did not happen, Gandhi added.

"The Congress wants to make Chhattisgarh an agricultural hub and a supplier of food to the nation," he said.

The final phase of polling for 72 seats will be held in Chhattisgarh on November 20. The first phase for 18 seats was held on November 12. The results will be announced on December 11.

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News Network
July 20,2020

New Delhi, Jul 20: India's COVID-19 case tally crossed the 11 lakh mark with the highest single-day spike of 40,425 new cases and 681 deaths reported in the last 24 hours, informed the Union Health and Family Welfare Ministry on Monday.

Total cases in the country now stand at 11,18,043 while the death toll is 27,497.
The Health Ministry said the total number of cases includes 3,90,459 active cases and 7,00,087 patients have been cured/discharged/migrated.

Maharashtra remains the worst affected state with 3,10,455 cases reported until Sunday.
Meanwhile, as per the information provided by the Indian Council of Medical Research (ICMR), 1,40,47,908 samples have been tested for COVID-19 till July 19, of these 2,56,039 samples were tested yesterday.

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News Network
March 10,2020

New Delhi, Mar 10: A military transport aircraft of the Indian Air Force (IAF) brought back 58 Indians from coronavirus-hit Iran on Tuesday, official said.

The aircraft, a C-17 Globemaster, was sent to Tehran on Monday evening.

About 2,000 Indians are living in Iran, a country that has witnessed increasing numbers of coronavirus cases in the last few days.

"The IAF aircraft has landed. Mission completed. On to the next," External Affairs Minister S Jaishankar tweeted.

In an earlier tweet, he said, "First batch of 58 Indian pilgrims being brought back from Iran. IAF C-17 taken off from Tehran and expected to land soon in Hindon."

"Thanks to the efforts of our Embassy @India_in_Iran and Indian medical team there, operating under challenging conditions. Thank you @IAF_MCC. Appreciate cooperation of Iranian authorities. We are working on the return of other Indians stranded there (sic)," Jaishankar added.

The aircraft landed at Hindon airbase in Ghaziabad, from where the passengers were take to a medical facility.

According to latest reports, 237 people have died of novel coronavirus in Iran while the number of positive cases stands at around 7,000.

It is the second such evacuation by the C-17 Globemaster in the last two weeks.

On February 27, 76 Indians and 36 foreign nationals were brought back from the Chinese city of Wuhan by the aircraft of the Indian Air Force.

The C-17 Globemaster is the largest military aircraft in the IAF's inventory. The plane can carry large combat equipment, troops and humanitarian aid across long distances in all weather conditions.

Four days ago, a Mahan airline plane brought swab samples of 300 Indians from Iran to India.

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News Network
January 24,2020

Jan 24: India’s economy appears to be shaking off a slump, as activity in the services and manufacturing sectors expanded for a second straight month in December.

The needle on a gauge measuring so-called animal spirits signaled the economy may be taking a turn for the better, as five of the eight high-frequency indicators tracked by Bloomberg News came in stronger last month. The dial was last at the current position in August.

“Animal spirits” is a term coined by British economist John Maynard Keynes to refer to investors’ confidence in taking action, and the gauge uses the three-month weighted average to smooth out volatility in the single-month numbers.

The nascent recovery would need a helping hand, with expectations building that Finance Minister Nirmala Sitharaman will provide some stimulus when she presents the budget Feb. 1. Official forecasts show the economy is set to expand at 5% in the year ending March 2020 -- the weakest pace in more than a decade.

Here are the details of the dashboard:

Business Activity

The dominant services index rose to the highest level in five months in December as improving new work orders helped boost activity. The seasonally adjusted Markit India Services PMI index climbed to 53.3 from 52.7 in November, helping post a strong end to the calendar year.

India’s manufacturing PMI also rose -- to 52.7 from 51.2 a month ago -- boosted by the fastest increase in new orders since July. A reading above 50 means expansion while anything below that signals contraction.

The uptick in business confidence was accompanied by a rise in inflationary pressures, the survey showed. That trend may keep monetary policy makers from resuming interest-rate cuts anytime soon, leaving most of the heavy-lifting to boost growth with the government.

“The relative stability in macro indicators over the past two months suggests that the worst is behind, but the recovery is likely to be prolonged,” said Teresa John, an economist at Nirmal Bang Equities Pvt. in Mumbai. “Still, sluggish growth and rising inflation indicate that India may well remain in stagflation for most of 2020.”

Exports

Exports remained a laggard, falling 1.8% in December from a year ago. The drag was mainly because of a fall in export of engineering goods, which constitute a third of India’s non-oil exports.

Capital goods imports continued to contract and was lower by 16.5% year-on-year in December after a 22% drop in November. This was the seventh consecutive month of continuous decline, underscoring the weakness in the capex cycle, according to IDFC First Bank.

Consumer Activity

Weakness in demand for passenger vehicles persisted, with local sales falling 1.2% in December from a year ago, according to the Society of Indian Automobile Manufacturers. That capped the worst yearly passenger vehicle sales on record. A Nielsen study on demand for fast-moving consumer goods showed volume growth dropped to 3.5% in the last quarter of 2019 from 3.9% in the same period of 2018.

Funding conditions held out hope, showing considerable improvement in December, according to the Citi India Financial Conditions Index. Credit growth remained tardy though, with demand for loans rising at a slower 7.1% pace from a year ago compared with a nearly 8% growth in November.

Industrial Activity

Industrial output rose for the first time in four months in November. The pick up was broad-based, led by mining, manufacturing and electricity. Mining and manufacturing, in particular, posted a second month of sequential growth. Production of consumer goods also rose after a few months of contraction.

The index of eight core infrastructure industries, which feeds into the index of industrial production, however, declined 1.5% in November from a year ago -- the fourth straight month of contraction. That was on account of shrinking production of electricity, steel, coal, natural gas and crude oil. Both the core sector and industrial output numbers are reported with a one-month lag.

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