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PM Modi influencing CAG to escape blame for demonetisation, GST

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Prime minister Narendra Modi (photo ANI)

Prime Minister Narendra  Modi increased tax base by  way of implementing demonetisation and now has  influenced CAG to not audit the loss to public exchequer  and the pain and agony caused to  the countrymen due to his faulty and  inept  decision.

The sudden U-turn by the Comptroller and Auditor General of India on the effect of demonetisation appears to have been influenced by the Modi government that seeks to escape the blame for their inept handling of financial matters.

Earlier, during the days of Congress rule, CAG  had emphatically calculated  the presumptive loss suffered in the allotment of telecom licences that led to the loss of UPA’s credibility and the fall of Manmohan Singh government.

CAG Shashi Kant Sharma had told in the month of March 2017 that “Demonetisation per se is a banking and money supply issue and as such, outside the CAG’s audit jurisdiction. But the CAG is well within its rights to seek audit of fiscal impact of demonetisation, largely its impact on tax revenues. That way the issue gets linked with the public exchequer.”

He pointed out that there are other linkages of demonetisation with the public exchequer that will also be covered by the audit. This would be “expenditure on printing of notes, RBI dividend to the Consolidated Fund, etc.” the CAG said.

Aware of the cumulative loss now occurred due to his faulty decision of demonetisation followed by another disastrous GST  that necessitated capitalization of banks thus turning topsy- turvy the economy of the country, Prime Minister Narendra Modi have told CAG that he cannot audit the losses of such reforms as these are the policy decisions of his government.

The immediate affect of the sudden withdrawal of the high valve currency notes was on lakhs of urban and rural labourers and migrant workers as employers had no cash to pay their wages. Therefore, the joblessness that started with demonetisation and has increased to such an extent that people are committing suicides and crime graph has also increased steeply.

PM Modi’s inept handling seriously damaged the country’s economy resulting into rendering the people penniless with economy grinding to a stand still for one year unheard of in any other country. Modi even changed his narratives and rules more than 100 times after banning the currency that resulted in adding further chaos.Over 100 lives were lost as people were compelled to stand in queues outside the banks for want of cash. Banks were directed to allow withdrawal of maximum Rs10,000 to a person in a week and the rule of curtailing the withdrawal of cash from ATMs (ie.upto Rs 25000) exists even now.

Then, due to Modi’s second financial reform of Goods and Services Tax (GST), petty and medium traders were largely affected  and small and medium industries had to shut down. Textile industries protested against the GST and the inflation has increased sharply thus affecting the Middle Class  and common man badly.

Prime Minister Narendra Modi’s gamble brought down India’s GDP growth and Finance Minister Arun Jaitley defended the move saying that idea behind demonetisation was to not just eliminate black money but also to increase transparency, digitisation, tax base, formal sector, minimize the cash in the economy and to curb terror funding.

The Modi government was hugely benefited due to the massive revenue collected by the savings of the hard earned money of the people by terming it as black money   and  diverted revenues to digital companies that erupted after demonetisation.

Because of the complicated system inbuilt in the GST, the business people had to hire Chartered accountants  for filling their tax returns thus further reducing their profits.The main motive behind demonetisation and GST was to increase the tax base  on  farmers and even beggars etc.

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By: Arti Bali

Senior Journalist

DISCLAIMER : Views expressed above are the author’s own.

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Guru Tegh Bahadur Martyrdom Day: J-K Lt Governor Pays Tribute To Sikh Guru

Manoj Sinha noted that the pious day is a reminder to respect and uphold the ‘faith, belief and rights of people’.

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Manoj Sinha

Jammu and Kashmir Lieutenant Governor Manoj Sinha paid rich tributes to Guru Tegh Bahadur, the ninth Sikh guru, on his martyrdom day on Tuesday.

“The teachings and martyrdom of Guru Tegh Bahadur underline one of the most fundamental principles of human existence, which is ensuring the right of everyone to breathe free and live unshackled,” Sinha said.

Guru Teg Bahadur’s sacrifice is an important reminder for the future generations to be committed towards upholding the faith, belief and rights of people, he added.

On this pious day, everyone must resolve to dedicate themselves to selfless service of others, the LG said.

“Peaceful co-existence, mutual respect for each other’s religious beliefs go a long way in uplifting individual lives and achieving harmony and compassion in the society,” he added.

Guru Tegh Bahadur was born on April 1, 1621. He resisted forced conversions of Hindus, Sikhs, Kashmiri Pandits and non-Muslims to Islam and was killed on this day in 1675 on the orders of the then Mughal emperor Aurangzeb in Delhi.

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More Than Half Of 20-Year-Olds In India’s Metros Likely To Develop Diabetes In Lifetime

As many as 134 million people in India, with more women at risk, could be afflicted with diabetes by 2045 due to reduced physical activity and poor diet.

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More than half of men and nearly two-thirds of women currently aged 20 years in India could develop diabetes in their lifetime, with most of those cases likely to be type 2 diabetes, according to a new study.

The research, published in the journal Diabetologia, estimated the probability of a metropolitan Indian of any age or body mass index (BMI) developing diabetes in their lifetime.

According to the scientists, including those from the Centre for Chronic Disease Control (CCDC) in New Delhi, the country already has a significant health burden caused by diabetes with more than 77 million adults currently afflicted by the condition, and the number expected to almost double to 134 million by 2045.

As urban centres continue to grow rapidly across India, they said decreasing diet quality, and decreased levels of physical activity are all contributing to this hidden epidemic.

In the study, the researchers assessed age-, sex- and BMI-specific incidence rates of diabetes in urban India based on data from the Centre for Cardiometabolic Risk Reduction in South Asia (2010-2018).

They also analysed the age-, sex- and urban-specific rates of mortality from period lifetables reported by the Government of India (2014), and the prevalence of diabetes reported by the Indian Council for Medical Research India Diabetes Study (2008-2015).

Based on the analysis, the scientists said the lifetime risk of developing diabetes in 20-year-old men and women free of diabetes today is 56 and 65 per cent, respectively.

Women generally had a higher lifetime risk across the lifespan, the study noted.

According to the researchers, for those currently aged 60 years and currently free of diabetes, around 38 per cent of women and 28 per cent of men would go on to develop diabetes.

They cautioned that obesity had a substantial impact on these projections, with the lifetime risk highest among obese metropolitan Indians — 86 per cent among 20-year-old women, and 87 per cent among men.

People with lower BMI had considerably higher diabetes-free life expectancy and obese 20-year-olds were estimated to have around half of their remaining life years free from diabetes.

However, those with normal or underweight BMI were projected to live out most of their remaining years diabetes-free, the scientists said.

“The remarkably high lifetime risk of developing diabetes and the low diabetes-free life expectancy in India’s metropolitan cities, especially for individuals with high BMI, implies that interventions targeting the incidence of diabetes may be of paramount importance moving forward,” the researchers noted in the study.

They noted that metropolitan Indians at every age and BMI have an alarmingly high probability of developing diabetes compared with results from high-income countries, and that proactive efforts to prevent diabetes in cities are urgently needed.

According to the scientists, this is particularly needed given the rapid increase in “urban obesogenic environments” across the country.

In addition to these risk factors, the scientists said Indians already have a relatively high predisposition to developing the condition at both lower ages and lower BMIs when compared with white European populations.

“Such high probabilities of developing diabetes will have severely negative implications for India”s already strained health system and also out-of-pocket expenditure on diabetes treatment by patients, unless diabetes is immediately acknowledged for what it is,” said study co-author Shammi Luhar from the University of Cambridge in the UK.

“Despite these very high predicted lifetime risks of diabetes, it is possible to prevent or postpone diabetes by effective lifestyle modification, such as following a healthy diet, by increasing physical activity and reducing body weight in those who are obese or overweight,” added Viswanathan Mohan, another co-author of the research from the Madras Diabetes Research Foundation in Chennai.

The scientists believe the need of the hour is policy and investment with clearly spelt out targets and commitments to meet by 2030.

“Perhaps an aspirational target of ’90-90-90′ (90 per cent of people with diabetes detected, 90 per cent of those detected treated, and 90 per cent of those treated controlled), is imminently needed,” said study co-author Nikhil Tandon from the Department of Endocrinology and Metabolism, All India Institute of Medical Sciences (AIIMS) in New Delhi.

“Such a target could operate in the same way as the 90-90-90 targets introduced some years ago for HIV, which has since been replaced by even more ambitious 95-95-95 targets,” Tandon added.

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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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