'Shocked', no FM has made such 'insulting remark' on inflation, says Congress

Agencies
September 14, 2019

New Delhi, Sept 14: The Congress on Saturday termed Finance Minister Nirmala Sitharaman's comments on inflation as "shocking" and accused the BJP-led government of lacking a "vision" to put the country's economy back on track.

"The Finance Minister just concluded a press conference. It was disappointing. Looking at India's economic situation, it was expected that the government will take steps to revive the economy, increase investments, create jobs and address issue of exports," senior Congress leader Anand Sharma told reporters at a press conference here.

"It is shocking to know that the Finance Minister said that inflation is under control. No Finance Minister before this has made such an insulting remark. She did not announce any measures to address the current economic situation. The BJP and its ministers lack vision to revive the economy," he said.

Earlier in the day, Sitharaman said that inflation is under control and there is a clear sign of revival of industrial production. The Finance Minister also said that inflation in the range of 2.5 to 4 per cent is considered safe and it has been held under four per cent.

Sharma, who served as Commerce Minister, in the Manmohan Singh-led regime, said that BJP ministers' shocking statements "insulted" the youth of the country.

"If anyone has understood what the Finance Minister has said, please make me understand what she said," he said in a jibe at Sitharaman.

Continuing his tirade against Sitharaman, Sharma said that the Finance Minister did not apologise for her 'millennials are responsible for the economic slowdown' statement so far and asserted that it showed the "arrogance" of the BJP-led government.

"Unemployment is rising, many industries are facing losses and closing down. The GDP growth has slowed down to 5 per cent. The Finance Minister and others are not able to understand the issues facing our economy. Unless the government invests, reviving the economy seems difficult," Sharma remarked.

He said that the government's vision of achieving a USD 5 trillion economy seemed like a "distant dream".

"They talk of achieving USD 5 trillion economy. Former Prime Minister Manmohan Singh said if we have to achieve the figure, our nominal growth should be 12 per cent and real GDP should be 9 per cent. Forget about this term, I don't think that this can happen in the coming few years," Sharma said.

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News Network
April 26,2024

A 91-year-old woman passed away minutes after casting her vote in Karnataka's Hunsur on Friday, April 26. Hunsur comes under Mysuru Lok Sabha constituency. Despite her advanced age, Puttamma exercised her democratic right.

Voting held on Friday in 14 constituencies in Karnataka. Polling began at 7 am and will ended at 6 pm.

Chende artiste Manohar dies 

artistemanohar.jpg

Chende artiste Manohar (58) died of cardiac arrest after exercising his franchise in Kodagu district.

He had cast his vote at B Shettigeri polling station in Ponnampet taluk. Later, Chende artiste Manohar (58) reportedly collapsed after coming out of the polling booth. Though he was rushed to hospital, doctors declared him brought dead.

Ponnampet Tahsildar Mohankumar said “Manohar had come out of the polling booth and collapsed 200 metres away from the booth.

For the uninitiated, Chende (also known as Chenda) is a cylindrical percussion instrument widely used in cultural events in Tulu Nadu of Karnataka and Tamil Nadu in India.

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News Network
April 24,2024

HSRP.jpg

With the Karnataka transport department extending the deadline for the installation of High Security Registration Plate (HSRP) twice--- in November last year and February, it is no longer planning to extend the same. The department ordered for the installation of HSRP before May 31.

The transport department through a notification in August last year, had mandated the installation on all the vehicles that were registered in the state prior to April 1, 2019. According to transport officials, there are nearly two crore vehicles that are supposed to get HSRP for their vehicles.

“As of now, the state has registered only 34 lakh HSRP installations, despite extending the deadline twice. From nearly 18 lakh installations since February, the numbers have almost doubled. However, there are still a large number of vehicles that have to opt for HSRP,” said C Mallikarjuna, Additional Commissioner for Transport (Enforcement).

“We will wait till May 31 to check for the total number of vehicles that fall in line. We are expecting HSRP installations to touch 75 lakh, after which we will consider an extension as the numbers indicate that people are falling in line and if some more time is given everyone will get it done. However, if we do not reach that number before the deadline, we will request the government not to extend the deadline but urge for an enforcement,” he said.

He also stated that a fine of Rs 500 will be imposed for the first time and if vehicle owners do not fall in line, it will be Rs 1,000 later until they have installed HSRP. “We will wait till the Model Code of Conduct ends and take the government’s opinion. We are going to request the government for strict enforcement if the HSRP installations are not satisfactory,” he added.

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News Network
April 27,2024

Mangaluru International Airport (MIA) has taken a step towards enhancing aircraft safety and has planned to install a Precision Approach Lighting (PAL) category 1 system near Sri Kordabbu Daivasthana, Unile.

The groundbreaking ceremony was held on Friday. The project involves various works related to the PAL system and aims to be completed in 20 months.

The airport has undertaken this project in accordance with safety recommendations from the ministry of civil aviation and the civil aviation safety and security regulator. The PAL CAT 1 system will provide pilots with improved visibility of runway 24 and guidance during their final landing approach. The system will be installed 900m from the threshold of runway 24, as this end of the runway accounts for 90% of aircraft landings at the airport.

The PAL will be mounted on approximately 18 lattice structures, which is a unique feature of the project. The lights will be fixed to frangible T-shaped structures. The project will complement the installation of runway centerline lights, which has already been completed and is awaiting approval from the Directorate General of Civil Aviation for commissioning.

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