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India ,Pakistan dialogue to remain immune from saboteurs,says Sushma

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External Affairs Minister Sushma Swaraj said both India  and Pakistan agreed to start a new beginning by holding a new bilateral comprehensive dialogue to address all outstanding issues through peaceful means while remaining immune to provocations from “saboteurs”.

To a question in Rajya Sabha on whether India has raised the issue of Pakistan Occupied Kashmir in the international fora, Swaraj replied in affirmative and said government’s principled and consistent position on the issue of Jammu and Kashmir has been that the entire state is an integral part of India.

“A new beginning has been made in the form of the agreement of the two countries on a new bilateral comprehensive dialogue to address all outstanding issues between them through peaceful means,” she said.

During her visit to Islamabad earlier this month to attend a multilateral meet on Afghanistan, both India and Pakistan announced that they have decided to engage in a “comprehensive” dialogue that includes Peace and Security, Confidence Building Measures, Jammu and Kashmir, Siachen, Sir Creek, Wullar Barrage, Tulbul Navigation Project, Economic and Commercial Cooperation, Counterterrorism, Narcotics Control and Humanitarian Issues, People to People exchanges and Religious Tourism.

Replying to a query, she said the Permanent representative of Pakistan to the UN has recently written three letters to the President of the UN Security Council which referred to the issue of Jammu and Kashmir and asked the top decision making body to take note of situation along the Line of Control.

To a separate question, Swaraj, who is also Overseas Indian Affairs Minister, said it was aware of an Amnesty International report which said that 279 Indian migrant workers died in Qatar in 2014.

India

Congress flays govt on MSP hike, demands further increase

Jakhar alleged that in many states, the crop procurement was not done as per the MSP and farmers were forced to sell their yield in the open market.

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Sunil Jakhar Punjab Congress

New Delhi, June 2 : A day after the central government announced increased MSP for Kharif crops, the opposition Congress on Tuesday flayed the move and claimed the farmers were being given too little and that input cost had not been taken into account for MSP calculation.

The Congress leader demanded further increase in MSP of different crops and an assurance from the government that the produce will be procured in time.

Punjab Congress President Sunil Jakhar, who raised the issue on behalf of his party, said: “Farmer is also a corona warrior but nobody cheered him for his contribution. Even the Prime Minister has left him at God”s mercy.”

The Congress said that due to reverse migration of farm labourers, the agricultural cost had increased in many states and government has neglected this factor while announcing the MSP.

The Commission for Agricultural Costs & Prices (CACP) report is not in public domain and talk of agricultural reforms remains within the inter-ministerial group while the states — which are stakeholders — don”t even know about it, said Jakhar.

Jakhar alleged that in many states, the crop procurement was not done as per the MSP and farmers were forced to sell their yield in the open market.

“The government is not able to procure all farm produce, with a major chunk of its procurement comprising paddy and wheat,” the Congress leader said.

Earlier, senior Congress leader Ahmed Patel said: “If this is going to be the government”s attitude towards farmers, their promise to double the farmers” income by 2022 will end up becoming another ”jumla”.”

“Forget about profit, this so-called raise in Kharif crops MSP won”t even cover their losses and debts,” he added

The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on Monday approved an increase in the MSPs for all mandated Kharif crops for marketing season 2020-21.

The highest increase in MSPs is for niger seed (Rs 755 per quintal) followed by sesamum (Rs 370 per quintal), urad (Rs 300 per quintal) and cotton (long staple) (Rs 275 per quintal).

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Will initiate more reforms to get growth back: PM

Speaking about the Aatmanirbhar Bharat economic package, he said that it would work as growth fuel for the MSME sector.

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Modi PM

New Delhi, June 2 : Prime Minister Narendra Modi on Tuesday said that more policy reforms will be implemented to speed-up growth and remove structural bottlenecks in the economy.

Accordingly, the country will also implement measures to reduce import dependence and strengthen domestic supply chains.

In an online address at the 125th AGM of industry body CII, he said that the country has entered into the ”Unlock” phase 1 which focuses on getting the economy back on track and that the Centre will take every possible step to revive growth.

He exuded confidence in the ability of India Inc to bounce back and said that attaining a higher growth level should not be difficult. To make his point, PM gave the example of the PPE industry and said that within three months, the sector has grown tremendously from a scratch into a multi-crore enterprise.

PM called upon India Inc to increase productivity, reduce the country”s import dependence, and encouraged them to partner with farmers to invest in the rural economy.

According to him, the Self-reliant India programme allows for a stronger embrace of the global economy by integrating domestic businesses into international supply chains as reliable partners.

Speaking about the Aatmanirbhar Bharat economic package, he said that it would work as growth fuel for the MSME sector.

Besides, he pointed out to the gathering that labour reforms are being initiated to support workers and increase jobs and that private industries” participation in strategic sectors is becoming a reality.

Modi also said that with the latest decision to amend the APMC Act the farmers will now be free from the dependence on middle-men and will be able to sell their produce anywhere they want to.

“Post-independence laws made farmers dependent on middle-men. They will now get their rights post amendment to APMC Act.”

–IANS

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Moody’s has rated Modi’s handling of India’s economy step above junk: Rahul

It also downgraded India”s local-currency senior unsecured rating to Baa3 from Baa2, and its short-term local-currency rating to P-3 from P-2.

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Rahul Gandhi

New Delhi, June 2 : A day after global credit ratings agency Moody’s Investors Services downgraded India’s sovereign ratings as it sees challenges piled up on the country’s policy making institutions to mitigate the risks of a sustained period of relatively low growth, Congress leader Rahul Gandhi has said the worst is yet to come as the government has not supported the poor and the MSME sector.

Former President of the Congress Rahul Gandhi tweeted: “Moody”s has rated Modi”s handling of India”s economy a step above JUNK.”

“Lack of support to the poor and the MSME sector means the worst is yet to come,” added Rahul Gandhi.

Besides, Moody”s said the Covid-19 pandemic amplifies vulnerabilities in India”s credit profile such as slower growth relative to the country”s potential, rising debt and further weakening of debt affordability and persistent stress in parts of the financial system.

Consequently, Moody”s downgraded India”s foreign-currency and local-currency long-term issuer ratings to Baa3 from Baa2.

It also downgraded India”s local-currency senior unsecured rating to Baa3 from Baa2, and its short-term local-currency rating to P-3 from P-2.

Furthermore, it kept the outlook as negative. Currently, the sovereign rating assigned to India is Baa2 with a negative outlook.

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