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Depreciating rupee will kill small businesses, says Mamata Banerjee

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Mamata Banerjee

Kolkata, Aug 16: West Bengal Chief Minister Mamata Banerjee on Thursday depreciating rupee will result in an increase of oil import bills and prices for vegetables, adding post demonetisation small businesses will be killed further. 

As rupee set a new record low below Rs 70.20 against the US Dollar, Banerjee also sated farmers’ distress will be compounded.

“Rupee crashes to its lowest ever. We are very concerned. Oil imports bill will now jump.

“Prices for vegetables will go up. After demonetisation disaster and now rupee slide, informal sector and small businesses will be further killed. Farmer distress will be compounded,” She tweeted.

At 10.45 a.m., the rupee recovered to 70.23 after it had plunged to 70.32-33 — the lowest ever mark — against the greenback on the back of an apparent intervention by the Reserve Bank of India (RBI).

On Tuesday, at the end of the intra-bank trade session, the rupee strengthened by four paise at 69.90 against the dollar, compared to Monday’s close of 69.94 per greenback.

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Congress alleges open horse-trading by BJP in Karnataka

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Bengaluru, Sep 22: Karnataka Pradesh Congress Committee (KPCC) president Dinesh Gundu Rao on Saturday alleged horse-trading by the Bharatiya Janata Party and said BJP national chief Amit Shah and Prime Minister Narendra Modi are directly responsible for creating instability in the state.

“Open horse-trading is going on. The central government is itself hand-in-glove. Amit Shah and PM Modi are directly responsible for creating instability in Karnataka. They don’t want this government to function”, he told news agency ANI.

The Congress leader further said, ” they are telling the MLAs, we have the central government with us, you come with us and we’ll do everything necessary”.

Rao revealed that former Karnataka Chief Minister BS Yeddyurappa himself called the parliamentarians and said ‘don’t worry, the centre is ours’.

In this regard, the Congress party have complained to the Income Tax department that BJP people are trying to offer inducements to its MLA’s.

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Narendra Modi should resign as PM : Kharge

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Launching a blistering attack on Modi, senior Congress leader, Mallikarjun Kharge said that   Narendra Modi is not suitable for the Prime Minister’s post and therefore he should immediately resign and  appoint any cabinet minister as Prime Minister.

Launching a blistering attack on Modi, Mallikarjun Kharge, said “It’s my personal demand that he (Prime Minister Narendra Modi) is not suitable for the post and therefore he should immediately resign & appoint any cabinet minister as Prime Minister. He is morally not suitable for the post now.”

The claim by the former French president has given fresh ammunition to the Congress party, which has been mounting an attack on the government, demanding the resignation of Prime Minister Modi.

The controversy over the ongoing Rafale deal took a new direction when former French president Francois Hollande said that Dassault Aviation was given no choice but to partner with Anil Ambani-led Reliance Defence for the offset clause in the Rafale fighter jet deal.

In an interview to a French media house, Hollande on a question about who selected Reliance as a partner and why, said it was the Indian government that proposed Reliance’s name and Dassault had no choice but to take the company given to it.

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Is Former French President lying or our PM, asks Owaisi on Rafale

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New Delhi, Sep 22: All India Majlis-E-Ittehadul Muslimeen (AIMIM) chief Asaduddin Owaisi today asked Defence Minister Nirmala Sitharaman to throw a light on who is lying over Rafale fighter jet deal, Prime Minister Narendra Modi or Former French President Francois Hollande. 

“People of India would like to know who is lying. Is the former French President Hollande lying or our PM is not saying the truth?, asked  Owaisi.

He further said, “We want the Defence Minister to throw light on this”.

In an article published by French journal Mediapart, Hollande said that the Indian government had proposed Anil Ambani-owned Reliance Defence ‘Dassault’ as a service provider for the Rafale deal.

With his remarks, the controversy over the ongoing Rafale deal took a new direction.

The deal to procure 36 Rafale fighter jets from France was announced by Prime Minister Narendra Modi in 2015 and signed in 2016.

Earlier, the UPA government was negotiating a deal to purchase 126 Rafale jets, with 18 to come in flyaway condition and 108 to be manufactured by HAL under licence.

The Modi government has repeatedly said it was Dassault that chose its India partner for offsets and that the government had no say in the deal.

While, the Congress has been alleging irregularities in the deal, saying the UPA had finalised the price of each aircraft at Rs. 590 crore in 2012, and the price increased by 1690 crores in 2015 under the BJP-led government

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