US media highlight Modi govt's first year failures

May 26, 2015

New York, May 26: As Prime Minister Narendra Modi- led government marks its first year in office on Tuesday, American media has taken a critical view of his accomplishments, saying his flagship 'Make in India' drive is "so far mostly hype", job growth remains sluggish amid "outsize expectations".

Modi
"India's Modi at One Year: 'Euphoria Phase' Is Over, Challenges Loom," reads a headline in the Wall Street Journal of an article on Modi's first year as Prime Minister.

"A year after Indian voters handed Narendra Modi a once-in-a-generation mandate for change and economic revival, messy realities are sinking in," the WSJ report said.

It said that Modi's 'Make in India' drive, aimed at supercharging manufacturing growth, " is so far mostly hype".

It cited economic parameters like exports to say that the "economy is merely limping along".

Inflation-adjusted lending for capital investment last year fell to a level not seen since 2004, it said adding that exports were down for the fifth straight month in April, corporate earnings were dismal and foreign institutional investors have pulled around USD 2 billion out of Indian stocks and bonds in May so far.

The New York Times, in a news analysis, said Modi must face the reality that much of his agenda is still only potential.

"From abroad, India is now seen as a bright spot, expected to pass China this year to become the world's fastest-growing large economy. But at home, job growth remains sluggish. Businesses are in wait-and-see mode. And Modi has political vulnerabilities, as parliamentary opposition leaders block two of his central reform initiatives and brand him 'anti-poor' and 'anti-farmer'," the NYT article titled 'After a Year of Outsize Expectations, Modi Adjusts His Political Course for India' said.

It said "most formidable of all is a problem" Modi has "made for himself: outsize expectations that he would sweep away constraints to growth in India, like stringent laws governing labour and land acquisition.

The NYT quoted senior vice president at leading Indian garment exporter Orient Craft's Vimarsh Razdan as saying that the Modi government's "image became larger than they themselves.

"They have become superheroes. And everyone knows superheroes don't exist," he said in the report.

The WSJ article said that while Modi has swaggered across stages from New York to Paris to Sydney, helping put the country back on investors' maps, "on other key fronts, Modi has moved less decisively, frustrating investors who hoped for bolder change after last year's election."

His government has avoided privatising state-run banks and companies, which could trigger unpopular job cuts.

Despite vows to improve India's reputation for unpredictable tax collection, the government has hit investors with demands for back taxes they say they should not have to pay, it said.

The leading US dailies did give credit where due to the Modi government, saying as he marks the anniversary of his swearing in, he can point to some accomplishments.

The WSJ report said Modi has allowed more foreign investment in railways and defence and helped cut red tape.

His government has also deregulated fuel prices and permitted private competition in coal mining--"market-friendly moves designed to attract investment."

His administration has also helped open millions of bank accounts for the poor and created new pension and insurance programs.

It quoted Krish Iyer, president and chief executive of Wal-Mart Stores Inc in India, as saying that the company is "seeing a lot of progress in ease of doing business. We feel encouraged by the market- and consumer-driven policies of the government."

The NYT analysis said chief executives feel that since Modi came to power, India's business culture has "indeed changed".

"They rejoice that they no longer have to notarize all documents submitted to the government and say that it is far easier to find bureaucrats at their desks during the workday," it said.

"By most measures, India's economy has had a good year," the NYT report said adding that India is heavily reliant on imported oil, and plunging prices have cut the cost of government fuel subsidies, allowing the authorities to rein in a chronic budget deficit.

Inflation fell to 4.87 per cent in April and foreign direct investment has risen by more than 25 per cent, to USD 28.8 billion in the 2014-15 fiscal year.

It noted other "flurry of changes" that the Modi government introduced including deregulating prices for diesel, petroleum and cooking gas, and raising limits on foreign investment in the defense and insurance sectors to 49 per cent.

Coalfield leases, found to have been sold at artificially low prices, were reallocated through a transparent process as were telecom spectrum allocations, it said.

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News Network
March 25,2024

reddymining.jpg

Bengaluru, Mar 25: Former Karnataka Minister and mining baron G Janardhana Reddy on Monday rejoined the BJP ahead of the 2024 Lok Sabha polls.

The Gangavati MLA, who is an accused in an illegal mining case, had formed the 'Kalyana Rajya Pragati Paksha' (KRPP) ahead of the state assembly polls last year, snapping his two-decade-old association with the BJP.

Reddy today merged his KRPP with the BJP as he, along with wife Aruna Lakshmi and some family members, joined the party in the presence of its veteran leader and former Chief Minister B S Yediyurappa, state President B Y Vijayendra, and others.

Reddy had recently met Union Home Minister Amit Shah in New Delhi.

However, in the February 27 Rajya Sabha polls he had extended support to the Congress candidate.

Calling it a "home coming", Reddy explained that the move to merge KRPP with the BJP is to "make Narendra Modi the Prime Minister a third time".

"Amit Shah had invited me to Delhi and told me that -- there is no question of extending outside support (KRPP supporting BJP in LS polls) and instead I should join the BJP and work for it, as I took my political birth in the party. Accepting it, I'm joining the party," he said.

Praising Yediyurappa and the leader's contribution in his political growth, Reddy said he is happy that he will be working in the party now with the veteran leader's son Vijayendra.

"I will work as a common party worker along with other leaders under the leadership of Vijayendra. I have not come with any conditions or expectations. Whatever responsibility the party gives me, I will honestly work.

"BJP was always there in my blood, but due to some reasons I had gone out, but today I feel I have come back to my mother's lap. Looking at my brothers here, I don't feel like I'm coming back to the BJP office after 13 years," he added.

Welcoming Reddy back into the party, Vijayendra said his joining will strengthen BJP in the Kalyana Karnataka region.

"Liking Narendra Modi's leadership and accepting BJP's ideology, Reddy has rejoined the party. Reddy has said that Karnataka should have a larger contribution in making Modi PM once again -- to ensure that BJP and JD(S) alliance win all the 28 Lok Sabha seats in the state, he is merging his KRPP with BJP and is joining the party," he said.

Before the assembly polls last year, Reddy had been largely politically inactive for nearly 12 years since his arrest by the CBI for an alleged role in a mining scam. During this period, he had a brief stint ahead of the 2018 assembly polls when he campaigned for his close friend and former Minister B Sriramulu in Molakalmuru Assembly segment.

In the run up to the 2018 assembly polls, the then BJP national president Amit Shah, in response to a reporter's question, had distanced the party from him and stressed that "the BJP has nothing to do with Janardhana Reddy." Accused in a multi-crore illegal mining case, he has been out on bail since 2015. Several conditions were imposed by the top court in its order which includes prohibiting him from visiting Ballari in Karnataka and Ananthpur and Kadapa in Andhra Pradesh.

Because of these restrictions, he had to contest the 2023 Assembly polls from Gangavati in Koppal district.

Expressing his displeasure about the way BJP had ignored him, Reddy had announced a new party last year and also took a dig at his brothers -- Karunakara Reddy and Somashekar Reddy -- and Sriramulu, as they remained with the BJP.

The three of them had unsuccessfully contested the Assembly polls, with Reddy's new party said to have impacted their performance in the election.

Sriramulu, a ST community leader and former Minister is now the BJP's candidate from the Bellary (Ballari) Lok Sabha constituency.

Reddy had played an instrumental role in strengthening the BJP in the Ballari district and is still believed to enjoy a considerable clout there as well as in adjoining districts like Chitradurga, Koppal and Raichur, which could be useful for the BJP in the Lok Sabha polls.

Reddy and his brother-in-law B V Srinivas Reddy, managing director of Obalapuram Mining Company (OMC), were arrested by the CBI on September 5, 2011.

The company is accused of changing mining lease boundary markings and indulging in illegal mining in the Ballari Reserve Forest area, spread over Ballari in Karnataka and the Anantpur district of Andhra Pradesh.

Reddy first came to political limelight during the 1999 Lok Sabha elections, when he campaigned for BJP leader, the late Sushma Swaraj, who had contested against Congress' Sonia Gandhi from Ballari.

Former Congress Minister T John's son Thomas John also joined the BJP today.

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News Network
March 28,2024

Mangaluru, Mar 28: Dakshina Kannada deputy commissioner Mullai Muhilan MP has warned the individuals and political parties against the poll code violations during private events. 
 
“Private events such as marriages, birthdays, housewarming ceremonies, and other non-political programmes do not require any permission. However, one should ensure that there is no violation of the model code of conduct (MCC) at these functions. Permission is needed if the events are attended by politicians or candidates,” the DC said. 

He said that these gatherings will be under the surveillance of MCC teams, as there are chances of luring voters by campaigning and supplying food, said the DC. The district has 38,386 new voters, of which, 19,619 are men.

He said that the notification of election in Dakshina Kannada Lok Sabha constituency will be issued soon, and the filing of nominations will be held between 11 am and 3 pm till April 4. 

Only five persons, including the candidate, will be allowed to enter the returning officer’s chamber to submit the nominations. A facilitation centre will be opened at the DC’s office. 

The expenditure of the candidate will be counted from the day the candidate files the nomination.

The DC said that the district is not an expenditure-sensitive constituency. Assistant expenditure observers and expenditure observers will monitor the expenditure of the candidates. An expenditure book will be provided to the candidate to record expenditure incurred, he explained.

Further, he said that no election materials can be printed without the name and address of the publishers, and the number of copies printed. Separate permission should be availed for procession prior to the submission of nomination papers from the ARO office, through the single-window system.

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News Network
March 26,2024

Bengaluru: The National Investigation Agency (NIA) has detained two suspects in connection with the Rameshwaram Cafe blast case in Bengaluru, sources confirmed on Tuesday.

The preliminary probe has revealed that the two suspects were in direct contact with the suspected bomber.

The NIA sleuths have picked up the suspects from an area in the state capital. However, a statement is yet to be made by the NIA in this regard.

Even as the investigating agencies, both NIA and state special wing CCB teams have launched an extensive search operation in various states, the bomber has remained elusive. The authorities had obtained the bomber’s images and videos from CCTV footage on March 1, soon after the incident.

Sources said that the sleuths were suspecting that the bomber had come from Tamil Nadu and was staying in a neighbouring state for two months before carrying out the blast.

The hair samples of the accused were gathered from the hat of the accused which he abandoned in Bengaluru near a religious place. The authorities have sent the samples for the DNA testing and were hoping for a breakthrough.

The Rameshwaram Cafe bomb blast took place on March 1 on the International Technology Park Limited (ITPL) road in the Brookfield area. Low intensity Improvised Explosive Device (IED) was used to carry out the blast and nine persons were injured in the incident.

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