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Government not doing enough to revive economy: Congress

Quoting former Chief Economic Advisor (CEA) Arvind Subramanian, she said the actual GDP is less than 5 percent.

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Supriya Shrinate

New Delhi, Oct 7 : The government is not doing enough to revive the economy, the Congress said on Monday, citing a Reserve Bank of India report which talked about credit to commercial sector dropping by 88 per cent.

Congress spokesperson Supriya Shrinate said the flow of funds has dropped to Rs 91,000 crore, which is the lowest.

Because of the collapse of credit in last one year, there is no job creation, she said at a media briefing here.

“When credit goes down to less than (Rs) 1 lakh crore, it means there is no demand in the system,” she said.

Shrinate said the RBI has reduced the repo rate but the demand in commercial loan has reduced, because of which business is not growing and nobody is asking for credit.

“The banks are also not giving fresh loans. When there is low demand, then nobody will invest in any sector,” she said.

The Congress spokesperson said “fault lines very visible, very deep” but the government is not doing enough to rejuvenate the economy.

Quoting former Chief Economic Advisor (CEA) Arvind Subramanian, she said the actual GDP is less than 5 percent.

The RBI has done a Consumer Confidence survey covering a period of last 6 years, which shows that 52.5 percent people believe that there will be no job creation.

Business

Govt must tell forward plan to the country: Congress

Applicable from Monday, June 1, the fresh order issued by the Ministry of Home Affairs (MHA) spoke of the expanded fresh guidelines a day ahead of the end of lockdown 4.0.

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Randeep Surjewala

New Delhi, May 31 : On the last day of the lockdown 4.0, the Congress has questioned the government on its strategy and plan to control the coronavirus infection, exit route out of the lockdown to revive the economy and a way forward.

Chief Spokesperson of the Congress, Randeep Surjewala said, “Today, we witnessed biggest ‘Single Day Spike’ in #COVID19 infection of 8,380. Total Infection at 1,82,490.”

He asked, “The fifth Lockdown begins tomorrow and Congress posed 4 questions to the government — What is the Govt strategy? Have the Lockdowns failed? Is there a blueprint to fight Corona? Any plan out of economic havoc?”

The party has been questioning the persistent lockdown without any exit plan which was implemented on March 25.

The Centre on Saturday took an exit step from the 68-day nationwide lockdown, declaring that the restrictions will be limited to only containment zones up to June 30 and that the prohibited activities will be opened in a phased manner in areas outside these zones.

Applicable from Monday, June 1, the fresh order issued by the Ministry of Home Affairs (MHA) spoke of the expanded fresh guidelines a day ahead of the end of lockdown 4.0.

The nationwide lockdown was imposed on March 25 with the announcement of the restrictions by Prime Minister Narendra Modi to contain the spread of COVID-19 pandemic. The lockdown was extended thrice earlier.

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Cities

Continue strict enforcement of measures in containment zones: Delhi LG

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Delhi L-G Anil Baijal

New Delhi, May 31 : Delhi Lt. Governor Anil Baijal on Sunday directed the officials concerned to ensure continued strict enforcement of health and other measures in containment zones in the national capital as per central government guidelines.

In a series of tweets, he said that he had held a meeting on the ongoing coronavirus situation in Delhi with the Chief Secretary and other senior officials, including Municipal Commissioners, and reviewed steps taken to ramp up health infrastructure in Delhi keeping in mind various scenarios.

The total coronavirus cases in the city had crossed 18,000-mark on Saturday.

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Cities

Delhi Police ASI dies of COVID-19, second casualty in force

“He was found COVID-19 positive on May 28 and was admitted at BASE Army hospital in Delhi Cantonment area the same day.”

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Delhi Police Security Traffic

New Delhi, May 31 : A 54-year-old Assistant Sub-Inspector of Delhi Police has succumbed to COVID-19, officials said on Sunday.

The death of Shesh Mani Pandey, deployed as the fingerprint expert in the Crime Branch, marks the second casualty in the force due to the deadly infection.

According to Deputy Commissioner of Police (Central) Sanjay Bhatia, the officer tested positive on May 26 at the Lady Hardinge hospital after he complained of fever and cough.

“He was found COVID-19 positive on May 28 and was admitted at BASE Army hospital in Delhi Cantonment area the same day.”

Pandey was an ex-Army personnel and joined Delhi Police on November 1, 2014. He belonged to Rewa district of Madhya Pradesh.

Earlier, a constable posted at Bharat Nagar Police Station in northwest Delhi passed away due to the viral infection.

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