Modi govt brought India's economy to grinding halt, says AIMC chief

[email protected] (CD Network)
May 27, 2016

Mangaluru, May 26: India's economy has come to a grinding halt in two years of PM Narendra Modi-led NDA's rule, according to All India Mahila Congress president Shobha Oza.

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Speaking to reporters in the city on Thursday she said that all the poll promises made by Modi and the BJP turned out to be just election 'jumlas' (empty promises).

Shobha said, with prices of essential commodities sky-rocketing, Modi's promised 'Acche Din' are yet to come.

"As per the official figures, country's economy grew at 7.3% in 2014-15 and 7.6% in 2015-16. It is mainly due to the new methodology adopted for calculating the GDP. But, experts believe the actual growth rate is in the region of 5.5%. Even the RBI governor and the government's chief economic advisor have expressed discomfort with the official figures," Shobha said.

Pointing at the increasing oil prices Shoba said, the price of petrol should have been Rs 31.99 per litre and that of the diesel Rs 25.4, if the government had reduced prices in proportionate with the fall in the prices of crude oil in international market. The price of crude oil has come down by 55. 2% since the Modi government took over in May 2014, she said.

She also accused Modi government of failing on its job creation promise. "They had promised to create 2 crore jobs every year, but according to union labour department, just 1.3 lakh jobs have been created in two years,'' she said. But , net FDI inflows have been dropped to a 12-month low to $1.9 billion in March 2016 from average of $ 3.1 billion during the first 11 months of the fiscal, she said.

Referring to the Make in India campaign, she said investors had no confidence in the government and it was evident from the fact that $14 million investment had gone out of the country during the last two years.

Before election, Modi had said he would bring back the black money stashed in outside the country and deposit Rs 15 lakh into the bank account of every Indian. Forget about bringing back black money, Rs 20 lakh is being spent every day to portray the Prime Minister and his government. KPCC women wing president Lakshmi Hebbalkar was present.

Also Read: If I am not JD(S) candidate for Rajya Sabha then it's moneybag: BM Farooq

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Comments

satyameva jayate
 - 
Friday, 27 May 2016

If the ruler is not a fair one....... that country is in trouble..even from nature. as said in all faiths.....
No value for Indian rupees.
No jobs, poor still going below their poverty level.
No rainfall, No water..Drought everywhere.
All business going down, no value or buyers for land..
Even real estate has dropped, people dont have money to own a house.

I know all the above is not in the hand of Modiji, but when people elect a wrong ruler.........the Almighty has to let them suffer...

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May 7,2024

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Udupi: Udupi became the second city on the Karnataka coast after Mangaluru to launch water rationing, a senior official said on Tuesday.

Commissioner of the Udupi City Municipal Corporation Rayappa said that the rationing system will come into force from Wednesday and will continue till the water in the reservoir reaches comfortable levels.

The dam built across the Swarna river at a place called Baje, which is the only source of water for Udupi city, recorded 3.25 meters of water as against the top level of 6.30 meters.

The decision of water rationing will be reviewed periodically until the reservoir regains its fullest levels, the official said.

The Mangaluru City Corporation resorted to water rationing on Saturday following declining water levels in the reservoir built across the Nethravati river at Thumbe. 

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May 10,2024

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Madikeri: A 15-year-old was bludgeoned to death and the accused fled with her severed head at Mutlu village in Somwarpet of Kodagu district on Thursday late night, hours after her SSLC examination result was declared.  

The victim has been identified as US Meena, a 10th grade student of Surlabbi High School. She had passed the SSLC examination and her school attained 100% results. 

However, she was brutally murdered by accused Prakash (32), a resident of the village. The police have launched a search operation to find the suspect, said Kodagu SP K Ramarajan 

It is said that the minor girl's engagement with the suspect was thwarted by officials from Women and Child Development department on May 9, and later officials had even convinced her parents of not to marry the minor girl.

However, the suspect barged into her house in the night and allegedly kidnapped her. Later, he took her to an area near the periphery of the forest and murdered her after which he fled with her severed head.

Victim's mother too has suffered injuries and is admitted to a hospital for treatment. The reason for the murder will be known after the probing officials have inquired the victim's mother, said the SP. 

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May 17,2024

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Bengaluru: The India Meteorological Department (IMD) on Friday forecast heavy rainfall and thunderstorms in a few districts of Karnataka and said Bengaluru is likely to witness light to moderate rain and thunderstorms, with temperatures ranging from 30 degree Celsius to 22 degree Celsius in the next 24 hours.

Shivamogga, Chikkamagaluru, Kodagu, Hassan, Mysuru, Mandya, Chamrajanagara, Udupi and Dakshina Kannada districts are likely to experience heavy to very heavy rainfalls between May 17 and 21, said C S Patil, Director of Meteorological Centre, India Meteorological Department, Bengaluru.

According to India Meteorological Department, some places in Kodagu, Hassan, Mysuru, Mandya and Tumukuru districts will also witness, gusty winds (40-50 kmph) on May 18.

Moderate rain and thundershowers are also likely in Chikkaballapura, Chitradurga, Davangere, Kolar, Ramanagara and Vijayanagara districts.

IMD also predicts light to moderate rain very likely at some places over Bagalkote, Belagavi, Bidar, Dharwad, Gadag, Haveri, Kalaburgi, Koppal, Raichur and Yadgir districts.

On May 16, Channagiri in Davanagere district received the highest rainfall of 6 cm. 

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