Congress president also slams Modi govt for ‘lack of coherent policy’ to deal with Pakistan, says India should wait till Pakistan resolves all pending issues.
Among other laws, Justice A.P. Shah points to amendments made to Finance Act last year on political funding, says they only make the process ‘less transparent’.
Party directs state units to launch ‘information blitzkrieg’ on decision, counter opposition attempts to project it as anti-farmer.
New Delhi: A day after the NDA government...
Rabindranath Tagore stood apart from his contemporaries by infusing poetry and universalism into Indian nationalism, opposing chauvinism and blind obedience, wrote A Ranganathan in 1962.
As many as 21 policy reforms are under implementation following Invest Kerala Global Summit, as LDF govt works to change perception that the state is not conducive to businesses.
Amid continued concerns over cross-border terrorism, General Upendra Dwivedi further warned the neighbour that India will not show restraint if there is an Op Sindoor 2.0.
Pakistan’s army has been a rentier force available to a reasonable bidder. It has never come to the aid of any Muslims including Palestinians or the Gazans, except making noises here and there.
The RBI’s reserves – like what many faithful Indian wives keep hidden from their husbands – are a shade below ten trillion. Whether these are excessive or prudent, considering how India has been running a combined fiscal deficit of close to ten per cent of GDP ( with honest accounting ) between Centre, states, local authorities, PSUs, is a matter for reasoned debate. However, whether it is the RBI, ONGC – our favourite Jersey cow – or LIC, which is actually a trustee for its policy holders, not the owner, outright, of its vast store of liquidity, the simple fact is that these accumulations have been made over seventy years. Not meant to be flared, like natural gas, over the five year term of a government. Another ten trillion plus is the windfall from lower oil prices which central / state governments have fully absorbed. Where this money has been spent remains an enduring mystery, for it is not represented by creation of durable assets. Revenue expenditure, the cost of keeping the vast structures of routine governance funded and provided for. Each government is a trustee of the public purse. As it is, the fiscal deficit represents the present preempting the future. If, added to that, generations of savings are consumed in a few years, that would be gross profligacy. 2. The RBI will not yield. The government has made it known that it will not detain the Governor if he wishes to move on. This story will not have a happy ending.
This government has a habit of HEARTLESSLY wasting the money of our poor country. A huge amount, nearly 36000 crores was “gifted” to Rafale company, God alone knows why. Modi government has been refusing to tell us why. Statue of Sardar Patel has been built at the cost of 3000 crores. NOT ONE tourist will go there because it’s not easy to go there. And if some freak somehow manages to, there’s not EVEN ONE TREE for shade on what looks like a one kilometre walk up to the foot of the statute. Have you tried to walk one kilometre in the sun on a road which has no trees? Try it, and you will understand the MONUMENTAL FOOLISHNESS of whoever has planned that project. Nor can you see any saplings planted anywhere along the route. Ideally speaking, FULLY GROWN trees should have been transported there and planted, like they do in gulf countries. The whole thing was okayed by someone, of course, if not by Mr Modi himself. But if he is so gung-ho on the project, he must own up its “perfect” design. More statues are lined up to be built all over the country by these BJP smart alecs, each costing many thousands of crores. God save this country.
RBI should plainly refuse to give a BLANK CHEQUE to Modi government to squander money on its CRIMINAL WHIMS, or its criminal “non-knowledge of economics”. May God give strength, AT LAST, to the RBI governor, and may God have mercy on this poor country.
The RBI’s reserves – like what many faithful Indian wives keep hidden from their husbands – are a shade below ten trillion. Whether these are excessive or prudent, considering how India has been running a combined fiscal deficit of close to ten per cent of GDP ( with honest accounting ) between Centre, states, local authorities, PSUs, is a matter for reasoned debate. However, whether it is the RBI, ONGC – our favourite Jersey cow – or LIC, which is actually a trustee for its policy holders, not the owner, outright, of its vast store of liquidity, the simple fact is that these accumulations have been made over seventy years. Not meant to be flared, like natural gas, over the five year term of a government. Another ten trillion plus is the windfall from lower oil prices which central / state governments have fully absorbed. Where this money has been spent remains an enduring mystery, for it is not represented by creation of durable assets. Revenue expenditure, the cost of keeping the vast structures of routine governance funded and provided for. Each government is a trustee of the public purse. As it is, the fiscal deficit represents the present preempting the future. If, added to that, generations of savings are consumed in a few years, that would be gross profligacy. 2. The RBI will not yield. The government has made it known that it will not detain the Governor if he wishes to move on. This story will not have a happy ending.
This government has a habit of HEARTLESSLY wasting the money of our poor country. A huge amount, nearly 36000 crores was “gifted” to Rafale company, God alone knows why. Modi government has been refusing to tell us why. Statue of Sardar Patel has been built at the cost of 3000 crores. NOT ONE tourist will go there because it’s not easy to go there. And if some freak somehow manages to, there’s not EVEN ONE TREE for shade on what looks like a one kilometre walk up to the foot of the statute. Have you tried to walk one kilometre in the sun on a road which has no trees? Try it, and you will understand the MONUMENTAL FOOLISHNESS of whoever has planned that project. Nor can you see any saplings planted anywhere along the route. Ideally speaking, FULLY GROWN trees should have been transported there and planted, like they do in gulf countries. The whole thing was okayed by someone, of course, if not by Mr Modi himself. But if he is so gung-ho on the project, he must own up its “perfect” design. More statues are lined up to be built all over the country by these BJP smart alecs, each costing many thousands of crores. God save this country.
RBI should plainly refuse to give a BLANK CHEQUE to Modi government to squander money on its CRIMINAL WHIMS, or its criminal “non-knowledge of economics”. May God give strength, AT LAST, to the RBI governor, and may God have mercy on this poor country.