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8th of November was a black day for our economy & democracy says Manmohan Singh

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Former Prime minister Manmohan Singh (File Photo)

Former Prime minister of India Manmohan Singh criticised BJP’s attempt to propogate that there was any kind of competition between the first Prime minister of India Nehru and Sardar Patel.

Addressing people in poll bound state Gujarat’s Surat he said,”Nothing is gained as often attempted by Modi ji to pit the two great leaders (Pandit Nehru and Sardar Patel) of power against each other.

While answering the critiques who questions  Manmohan Singh on why he doesn’t talk about his background like PM Modi he said, “I don’t want the country to take a pity on the basis of my humble background. I do not think I would like to enter in any competition with Prime Minister Modi Ji on this particular matter.”

Manmohan Singh who is also known for his decision to liberalise the economy said, “I invoke memories of more than 100 people who lost their lives while standing in queues as a result of demonetisation. I say with immense pain & a sense of deep responsibility that the 8th of November was a black day for our economy & democracy.”

Former Prime Minister Manmohan Singh on Saturday said it was too early to conclude that the economic slowdown has reversed as the 6.3 per cent growth rate in the July-September quarter did not take into account the small and medium sector which suffered huge losses in the aftermath of demonetisation and hasty implementation of GST.

He welcomed the 6.3 per cent growth rate in the July-September quarter but cautioned that it was too early to conclude that the economy has recovered.

“(It) is too early to conclude that this represents a reversal of the declining trend observed in the previous five quarters. Some economists believe that the CSO which released the figures has not adequately captured the impact of demonetisation and GST on the informal sector that accounts for about 30 per cent of the economy,” Singh said addressing professionals and businessmen here in the election-bound state.

He quoted renowned economist Govinda Rao identifying a “problem” with the calculation of manufacturing growth based on corporate results.

“This doesn’t take into account the small and medium sector which suffered the most after demonetisation and the launch of GST. A couple of big worries remain. Farm sector growth fell to 1.7 per cent from 2.3 per cent in the previous quarter and 4.1 per cent in the same quarter last year,” Singh said, citing Rao.

He said that after farming, job losses have been the most in the construction sector.

Singh criticised the BJP government’s economic policies, particularly the “coercive steps” of note ban and the Goods and Services Tax (GST) that cost the nation hugely and “broke the back of businesses”.

“We saw the impact of demonetisation on the economy when the GDP growth dropped to 5.7 per cent in the first quarter of 2017-18 under the new calculations. Even this is bound to be a gross underestimate as the pain of the informal sector is not adequately captured in the GDP calculation.

“Every one per cent loss of our GDP growth rate annually costs our nation Rs 1.5 lakh crore. Think of the human impact from the lost growth — the lost jobs, the youth whose opportunities have vanished, the businesses who had to shut down and the entrepreneurs whose drive to succeed has turned into discouraged disappointment.”

Singh said that the decline in farming and construction sectors was despite the fact that the government had front loaded its spending on projects, “forcing up our fiscal deficit to a high of 96.1 per cent of the Rs 546,432 crore target set for the full year”.

“This means that private spending on construction has been very dismal… Thus there is still considerable uncertainty about the growth of GDP. The RBI forecasts that growth in 2017-19 will pick up to 6.7 per cent. However, even if growth reaches 6.7 per cent in 2017-18, Modiji’s four year average growth rate will be only 7.1 per cent.

“To equal the UPA’s 10 year average, the economy will have to grow at 10.6 per cent in the fifth year. I would be happy if this were to happen, but frankly I do not think it will.”

The former Prime Minister said while Modi claimed to understand Gujarat and the poor “more than anybody else”, how was it that “he never understood the pain his decisions unleashed”.

He hailed the people of Surat city, renowned world over for the diamond and the textile industries, and said it was one of the worst sufferers of note ban and GST.

“It is no wonder that Surat voiced the biggest protests in India against this injustice by the NDA government. You after all come from the land of two great souls — Mahatma Gandhi and Sardar Patel. When the Mahatma decided to protest against the unjust British tax on salt, he did it from your backyard in Dandi. Standing up for injustice is in your blood and you raised your voice against the shoddy implementation of GST,” he said.

With Inputs From IANS 

Politics

16-Year-Old Boy Held For ‘Threatening’ Yogi Adityanath, Sent To Juvenile Home

The 16-year-old boy had sent a WhatsApp message on 112 emergency number allegedly threatening the CM.

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Yogi Adityanth

A teenager has been detained for allegedly issuing a threat to Uttar Pradesh Chief Minister Yogi Adityanath, police said.

The 16-year-old boy had sent a message threatening the Chief Minister on the WhatsApp number of the 112 emergency service on Sunday after which an FIR was registered at the Sushant Golf City police station, they said.

Police, however, did not divulge contents of the message but said it was for “threatening” the CM.

The mobile phone and the SIM card used for the threat have been recovered, police said.

“The boy was brought from Agra to Lucknow and later produced before the Juvenile Justice Board, which sent him to a juvenile home,” said Station House Officer Sachin Kumar Singh.

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Supreme Court Dismisses Ex-BSF Jawan’s Plea Challenging PM Narendra Modi’s Election From Varanasi

The Supreme Court of India rejects sacked BSF jawan’s plea against rejection of his nomination to contest 2019 Lok Sabha Polls against PM Modi from Varanasi

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Tej Bahadur Yadav

Supreme Court rejects an appeal filed by dismissed BSF (Border Security Force) constable, Tej Bahadur, against the election of Prime Minister Narendra Modi from Varanasi constituency in Uttar Pradesh.

A bench comprising Chief Justice S A Bobde and justices A S Bopanna and V Ramasubramanian, which had reserved its verdict in the case on November 18, upheld the Allahabad High Court judgment dismissing Tej Bahadur”s election petition against the poll panel”s decision to reject his nomination papers.

On May 1 last year, the returning officer had rejected the nomination papers of Tej Bahadur, a Samajwadi Party (SP) candidate, who was dismissed from the Border Security Force (BSF) in 2017 after he posted a video online complaining about the quality of food served to the troops.

The hight court had upheld the returning officer”s decision to reject his nomination.

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Tarun Gogoi: Supreme Court lawyer who went on to become longest serving CM of Assam

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Tarun Gogoi started his political career as a ward member of the Jorhat Municipality in 1968. In 1971, he was elected as Member of Parliament (MP) in the Lok Sabha and served for six terms till 2001, first from Jorhat and later from Koliabor.

Former Assam chief minister and veteran Congress leader Tarun Gogoi succumbed to post-COVID complications on November 23. The Congressman was rushed to GMCH on 2 November due to post-Covid complications, just a week after he was released. He was first admitted to the hospital on 26 August after testing positive for Covid-19.

Expressing his grief, Prime Minister Narendra Modi tweeted, “Shri Tarun Gogoiji was a popular leader and a veteran administrator, who had years of political experience in Assam as well as the Centre. Anguished by his passing away. My thoughts are with his family and supporters in this hour of sadness. Om Shanti.”

Political Journey:

Tarun Gogoi started his political career as a ward member of the Jorhat Municipality in 1968. In 1971, he was elected as Member of Parliament (MP) in the Lok Sabha and served for six terms till 2001, first from Jorhat and later from Koliabor.

As the leader of the Congress party in Assam for over 50 years, Gogoi was first elected joint secretary of the All India Congress Committee (AICC) in 1976 under Prime Minister Indira Gandhi. He later served as general secretary of the AICC (1985–90) under Prime Minister Rajiv Gandhi.

Gogoi served six terms as a Lok Sabha MP from Assam. He first represented Jorhat for three terms between 1971 and 1985. He was later elected from Kaliabor in 1991-96 and then 1998-2002. The Kaliabor seat is currently held by his son Gaurav Gogoi.

He stayed CM from 2001 to 2016, a total of 15 years.

Gogoi, a lawyer by profession, was in court to assist Congress leader P Chidambaram. The last time the former chief minister was in court to argue a case was in 1983. After more than three decades, Gogoi in December attended court proceedings as a lawyer as the Supreme Court took up a batch of petitions challenging the constitutional validity of the Citizenship Amendment Act. Gogoi had opposed the Citizenship Act, calling it “discriminatory”.

States in the Northeast, especially Assam, witnessed intense protests in the wake of the Citizenship Amendment Act, ever since the Bill was tabled in the Rajya Sabha. Army and paramilitary columns were called in to control the violence.

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