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Government’s measures to stop depreciation of rupee ‘half-hearted’: Chidambaram

Government’s five “measures” announced yesterday are half-hearted and too late. Because government was in denial

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chidambaram

New Delhi, Sep 15 : Senior Congress leader P. Chidambaram on Saturday said the Narendra Modi government’s five measures to stop further depreciation of the rupee and widening of the current account deficit (CAD) were “half-hearted and too late”.

“Government’s five “measures” announced yesterday are half-hearted and too late. Because government was in denial,” the former Finance Minister said on Twitter.

“The worsening of the CAD has been evident for several months; yet the government did nothing. The slide in CAD, the FPI outflow, the weakening rupee and the depletion of forex reserves were wake-up calls that were ignored,” he added.

To stop further depreciation of the rupee and widening of CAD, the government on Friday took five measures and a broad policy decision to curb non-essential imports and increase exports.

Finance Minister Arun Jaitley, after holding a detailed discussion with Prime Minister Narendra Modi, said the government is committed to maintain its fiscal deficit target even as it monitors the impact of external factors on the Indian economy.

“One broad policy decision was to address the issue of expanding current account deficit. The government will take necessary steps to cut down non-essential imports and increase exports,” Jaitley told reporters after the high-level meeting.

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Cities

Criminal on parole nabbed with illegal weapon, Police say Dawood aide

His younger brother Ashraf Awas was also a dreaded criminal and was killed in an encounter with Mumbai Police in 2002.

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9mm Brazilian make Taurus Beretta

New Delhi, July 11 : Delhi Police Crime Branch has arrested a convicted criminal who was out on parole for keeping illegal weapons. He was nabbed with a semi automatic pistol — 9mm Brazilian make Taurus Beretta with 10 live rounds. Police said that he has been an associate of Dawood Ibrahim.

Police said Anwar Thakur is a resident of Meerut in Uttar Pradesh.

“The accused is a life convict in a murder case of Sadar Bazar in Delhi in which he had shot dead a police informer inside the police station in 1992,” said Rakesh Pawaria, DCP Crime.

Anwar had come out on parole on March 17, 2020.

He had cases under the Arms Act registered against him in Lodhi Colony and Pandav Nagar in Delhi. Police are now trying to ascertain how he got possession of an illegal weapon.

His younger brother Ashraf Awas was also a dreaded criminal and was killed in an encounter with Mumbai Police in 2002.

“It is also known that Anwar Thakur and his brother Ashraf Thakur were associated with Dawood Ibrahim and were also close associates of Fajlu Rehman, who was closely associated with gangster Babloo Srivastava. The accused Anwar Thakur is an associate of Chhenu Pehalwan – the patron of the notorious Chhenu gang active in the Trans-Yamuna area, who is languishing in Tihar Jail. Anwar Thakur would roam in the area in an effort to revive the Chhenu gang which was becoming weak and losing its clout due to the judicial custody of Chhenu Pehalwan,” the officer said.

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Cities

10-day lockdown in Bengaluru from July 14: Official

“There will be complete lockdown for 10 days from 8 p.m. on July 14 to 5 a.m. on July 23 in Bengaluru urban and rural districts.

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Lockdown in Bengaluru

Bengaluru, July 11 : Alarmed by surging Covid cases by the day, the Karnataka government decided to re-impose a 10-day lockdown in Bengaluru urban and rural districts from July 14 to July 23 to contain the virus spread, said an official on Saturday.

“There will be complete lockdown for 10 days from 8 p.m. on July 14 to 5 a.m. on July 23 in Bengaluru urban and rural districts to contain the corona virus spread,a said the official of the Chief minister’s Office in a statement.

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Disaster

Dharavi emerges as a ”global role model”: Maharashtra CM Thackeray

Thackeray also showered praise on the integrated struggles undertaken by the BrihanMumbai Municipal Corporation, various NGOs, volunteers and the local people of Dharavi, saying: “This is the success of your efforts.”

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Dharavi Covid Case

Mumbai, July 11 : After the World Health Organisation (WHO) acknowledged the manner in which the Covid-19 spread was arrested in Mumbai’s Dharavi, Maharashtra Chief Minister Uddhav Thackeray on Saturday said that Asia’s largest slum has now emerged as “a role model” for the whole world.

“The densely populated area like Dharavi has not only shown the world that through collective efforts Covid-19 can be controlled, but has also made a name for itself globally as a role model in the fight against corona,” he said.

Thackeray also showered praise on the integrated struggles undertaken by the BrihanMumbai Municipal Corporation, various NGOs, volunteers and the local people of Dharavi, saying: “This is the success of your efforts.”

“Such examples of human triumph over a global pandemic can inspire others,” he said, as he lauded the toil that went into controlling the spread of the virus which earned global recognition for Dharavi as a role model, and vowed that the “war against the virus” will be further intensified.

In a pat for the BMC and the state government, WHO Director-General Tedros A. Ghebreyesus, late on Friday, made a laudatory reference to the achievements of Dharavi in Mumbai among other similar examples globally as the world continues to fight the pandemic.

“Even in Dharavi, a densely packed area in Mumbai, a strong focus on community engagement and the basics of testing, tracing, isolating and treating all those that are sick is key to breaking the chains of transmission, and suppressing the virus,” he said.

In this context, Ghebreyesus pointed out that there are many, many examples from around the world that have shown that even if the Covid-19 outbreak is very intense, it can still be brought back under control, as in Vietnam, Cambodia, Thailand, New Zealand, Italy, Spain and South Korea.

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