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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Agencies
January 9,2020

The World Bank says that a lack of credit and drop in private consumption have led to a gloomy growth outlook for India with a steep cut in growth rate for the current fiscal year and only a modest gain projected for the next year.

India's growth rate is forecast to be only 5 per cent for the current fiscal year, weighed down by a growth of only 4.5 per cent in the July-September quarter, according to the 2020 Global Economic Prospects report released on Wednesday.

"In India, [economic] activity was constrained by insufficient credit availability, as well as by subdued private consumption," the Bank said.

The growth rate is forecast by the Bank to pick up to 5.8 per cent in the next fiscal year and to 6.1 per cent in 2021-22.

India's growth rate was 6.8 per cent in 2018-19.

The 5 per cent growth rate projection for the current financial year is a sharp cut of 2.5 per cent from the 7.5 per cent forecast made by the Bank in January last year, toppling it from the rank of the world's fastest growing economy.

India's performance follows a global trend of lowered growth weighed down by developed economies.

The report estimated world economic growth rate to be only 2.4 per cent last year and forecast it to edge up 0.1 per cent to 2.5 per cent in the current year.

Even with the lower growth rate of 5 per cent in the current fiscal year and 5.8 per cent forecast for the next, India holds the second rank among large economies, behind only China with an estimated growth rate of 6.1 per cent for 2019 and 5.9 per cent this year.

The report blamed "weak confidence, liquidity issues in the financial sector" and "weakness in credit from non-bank financial companies" for India's slowdown.

The Bank predicated India's recovery to 5.8 per cent in the coming financial year for India but "on the monetary policy stance remaining accommodative" and the assumption that "the stimulative fiscal and structural measures already taken will begin to pay off."

It also warned that sharper-than-expected slowdown in major external markets such as United States and Europe, would affect South Asia through trade, financial, and confidence channels, especially for countries with strong trade links to these economies."

The Bank said that the growth of advanced economies was 1.6 per cent last year and "is anticipated to slip to 1.4 per cent in 2020 in part due to continued softness in manufacturing."

In contrast the growth of emerging market and developing countries is expected to accelerate from 3.5 per cent last year to 4.1 per cent this year, the report said.

In South Asia, Bangladesh is estimated to have the highest growth rate of 7.2 per cent in the current fiscal year, although down from 8.1 per cent last fiscal year.

But its higher regional growth rates are coming off a lower base with a per capital gross domestic product of $1,698 compared to $2,010 for India.

Bangladesh is expected to grow by 7.3 per cent in the next financial year.

Pakistan's growth rate is estimated at only 2.4 per cent in the current fiscal year and is projected to rise to 3 per cent in the next, according to the Bank.

The Bank blamed monetary tightening in Pakistan for a sharp deceleration in fixed investment and a considerable softening in private consumption for the fall in growth rate from 3.3 per cent in the 2018-19 fiscal year.

Sri Lanka's growth rate was estimated to be 2.7 per cent last year and forecast to grow to 3.3 per cent this year.

Nepal grew by an estimated 6.4 per cent in the current fiscal year and will rise to 6.5 per cent in the next.

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Agencies
August 5,2020

Ayodhya, Aug 5: Prime Minister Narendra Modi on Wednesday recalled the significance of the path of 'maryada' associated with Lord Ram in the backdrop of the situation created by COVID-19 and emphasised the importance of social distancing and wearing face masks.

He said that the current situation demands 'maryada' should be 'do gaz ki doori, mask hai zaroori' and exhorted everyone to follow it.

In his speech after laying the foundation stone of the Ram Temple in Ayodhya, the Prime Minister said the temple of Lord Ram will inspire and guide humans for ages to come.

He said that the path of `maryada' followed by Lord Ram is all the more necessary today in the situation created by COVID-19.

"The `maryada' (need) today is do gaj ki doori, mask hai jaroori (keep distance of two yards, wear mask). The Almighty may keep all the citizens healthy and happy, this is my prayer. The blessings of Mother Sita and Shri Ram be always there on the citizens," he said.

The Prime Minister termed the occasion as historic and said that India is starting a glorious chapter when people across the country are excited and emotional to have finally achieved what they had been waiting for centuries.

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Agencies
August 3,2020

New Delhi, Aug 3: India's COVID-19 tally crossed the 18 lakh mark with 52,972 positive cases and 771 deaths reported in the last 24 hours.

The total COVID-19 cases stand at 18,03,696 including 5,79,357 active cases, 11,86,203 cured/discharged/migrated and 38,135 deaths," said the Union Ministry of Health and Family Welfare on Monday.

As per the data provided by the Health Ministry, Maharashtra -- the worst affected state from the infection -- has a total of 1,48,843 active cases and 15,576 deaths. A total of 4,41,228 coronavirus cases have been recorded in the state up to Sunday.

Tamil Nadu has reported a total of 56,998 active cases and 4,132 deaths. While Delhi has recorded 10,356 active cases, 1,23,317 recovered/discharged/migrated cases and 4,004 deaths.

The COVID-19 samples tested across the country has crossed the 2 crore mark till August 2.

The total number of COVID-19 samples tested up to August 2 is 2,02,02,858 including 3,81,027 tests that were conducted yesterday, said Indian Council of Medical Research (ICMR) on Monday. 

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