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Tag: Inflation

RaGa Asks ,What are BJP’s Biggest Short Comings

(New Delhi)RaGa Asks ,What are BJP’s Biggest Short Comings

 Rahul Gandhi on Saturday attacked the BJP government by posting an online Twitter poll asking his followers which are its biggest shortcomings.

Gandhi posted the question What has been the biggest shortcoming of the BJP government? and listed below it four options to vote for.

The four options were

(1)unemployment’,

(2)tax extortion’,

(3)inflation’, and

(4)atmosphere of hatred’.

At the time of writing, the poll had elicited 1,22,000 votes, with almost half (49 per cent) voting for the option

indicating prevalence of hateful atmosphere was the central government’s biggest failure.

According to the post, the second biggest failure of the government was unemployment, with 30 per cent of those interacting with the poll voting for it.

Twitter allows users to create a poll for the duration of 24 hours.

Prices of Food Items Raises Retail Inflation at 6.93 %

(New Delhi)Prices of Food Items Raises Retail Inflation
food inflation, according to the Consumer Price Index (CPI) data, increased to 9.62 per cent in July.
The retail inflation in June was 6.23 per cent, while the food inflation stood at 8.72 per cent.
It is for the second consecutive month that the retail inflation has been above the RBI’s comfort level. The government has mandated the cetral bank to restrict the inflation at 4 per cent

Priyanka Gandhi Slams Govt Over Price Rise

(New Delhi)Priyanka Slams Govt Over Price Rise
Congress General Secretary Priyanka Gandhi Vadra on Tuesday hit out at the government over spiralling prices of vegetables and essential commodities which is hitting the poor.
Priyanka Gandhi accused the government of picking pockets of the common man and also taking away their livelihood.
The BJP government has not just picked the pockets of the poor but also kicked on their stomach,” she said in a tweet in Hindi.

टमाटर की कीमतों में आये उछाल को लेकर भाजपा और कांग्रेस में जंग शुरू

[नई दिल्ली] टमाटर की कीमतों में आये उछाल को लेकर भाजपा और कांग्रेस में जंग शुरू हो गई है|वर्तमान में टमाटर १०० रुपये किलो तक जा पहुंचा है
केंद्र सरकार का जहां कहना है के टमाटर की फसली मौसम के आने तक कीमतों में उछाल जारी रह सकता है जबकि कांग्रेस ने सरकार की नीतियों पर आघात किया है |केंद्र सरकार के अनुसार ऑफसीजन में फसल की कीमतें बढ़ती ही है इसीलिए अगस्त माह के अंत तक ही टमाटर की कीमतों में कमी आ पाएगी |जून माह में हमेशा कीमतें बढ़ती है लेकिन इस वर्ष साउथ में सूखे के कारण रबी की फसल के ख़राब होने के फलस्वरूप विपरीत परिणाम आ रहे हैं |
,सरकार ने कीमतों पर नियंत्रण के लिए किये जा रहे अपने प्रयासों का वर्णन करते हुए कहा हे के नेशनल कैपिटल में मदर डेरी+सफल काउंटर पर ५८ रुपये प्रति किलों है |गोदरेज नेचर बास्केट से ८० रु में मिल रहा है|ऑनलाइन पोर्टल बास्केट का रेट रु ५५ है|कलकत्ता में ७० रु+बैंगलोर में ७८ रु+और चेन्नई में ७९ र किलो में मिल रहा है|बीते दिन केंद्रीय मंत्री राम विलास पासवान ने भी सीजनल फैक्टर बताया है|
मुख्य विपक्षी पार्ट कांग्रेस का कहना है के इस खाद्य संकट के पीछे केंद्र की नीतियां जिम्मेदार हैं |प्रधान मंत्री नरेंद्र मोदी पर निशाना साधते हुए कहा गया के सरकार द्वारा किसानों को एमएसपी +मनरेगा+एफएसऐ में कोई राहत नहीं दी गई जबकि ये तीनों ग्रामीणों के विकास के मुख्य स्थम्भ हैं |

Yashwant Sinha Gives P Chidambram a Home Work Of 18 Questions On Finance

Former Finance Minister Yashwant Sinha Gives Finance Minister a Home Work Of 18 Questions On Finance
Former Finance Minister Yashwant Sinha raised 18 Questions To F M, P. Chidambram On The State Of The ECONOMY –
In a press conference shri Sinha reminded F M
[1] ” Is it a fact that you inherited a fairly healthy economy in 1996 when you became the Finance Minster for the first time in the United Front Government?And Blamed ” Is it also a fact that during your 2 year tenure you brought down the economic growth rate to 4.5 percent in 1997-98?”
2] Is it a fact that as Finance Minister of the UPA-I government you inherited a robust economy which grew at the rate of 8 percent in 2003-04?
3] Is it a fact that in the Economic Survey presented by you to Parliament in July 2004 you said “the economy appears to be resilient mode in terms of growth, inflation, balance of payments, a combination that offers large scope for consolidation of the growth momentum with continued macro economic stability”?
4] Is it a fact that after 10 years of misrule by the UPA government economic growth rate has once again slowed down drastically, that the GDP growth rate has registered a mere 4.7 percent YOY in the October-December quarter of 2013-14, that this is seventh consecutive quarter below the 5 percent mark, that manufacturing and mining registered a decline of 1.9 percent and 1.6 percent during the quarter; that the growth rate would have been worse but for a 7 percent increase in the personal, community and social services category which reflects irresponsible government spending rather than real economic expansion?
5] Is it a fact that the high growth rate witnessed during the first four years of the UPA-I was largely on account of the measures initiated by the NDA government and not because of any steps taken by the UPA government, that you really harvested what was sown by us?
6] Is it a fact that for purely electoral considerations you allowed the fiscal deficit to cross all limits of sustainability in 2008-09 through unproductive and irresponsible government spending from which the budget of the Government of India has not recovered yet.
7] Is it a fact that you have drastically reduced plan and productive allocations in the budget and taken recourse to questionable means to maintain fiscal deficit around 5 percent of the GDP and that you made a mockery of the Fiscal Responsibility and Budget Management Act?
8] Is it a fact that consumer price inflation has averaged around 10 percent per annum between 2008 and 2013, that this is the highest inflation rate in any major economy in the world and has persisted despite slowing growth, that high inflation has pushed millions of Indian below the poverty line?
9] Is it a fact that continued high inflation has forced the Reserve Bank of India to raise interest rates repeatedly which has had a deleterious effect on investment?
10] Is it a fact that you have rapidly pushed India into a morass of external debt, that the country’s external debt has jumped from USD 139 billion in end March 2006 to US 426 billion in end December 2013. That in 2006 India was net lender as foreign exchange was 109 percent of external debt, that now we have become a significant net debtor as reserves cover only 69 percent of our external debt, that short term external debt has jumped from 12.9 percent of forex reserves to 31.5 percent between March 2006 and December 2013
11] Is it a fact the International Monetary Fund has used the following terms to describe the state of the Indian economy “unprecedented widening of India’s current account deficit, macro-economic imbalances, structural weaknesses, high inflation, large fiscal deficit, binding supply constraints”?
12] Is it a fact that there has been a sharp deterioration in the asset quality of the banking sector, that a study by ASSOCHAM suggests that gross NPAs have jumped 27 percent in just 6 months from 1,79,891 crore in end March 2013 to Rs.2,29,007 crore in end September 2013 and that the biggest deterioration is in the case of nationalized bank for which you are directly responsible.
13]Is it a fact that corruption, policy paralysis and administrative sloth has led to a situation where according to a Joint Secretary in the Ministry of Finance 400 projects worth 17.86 lakh crore in power, steel, coal, mining and petroleum were pending with the Cabinet Committee on Investment for clearance in December 2013; that policy and bureaucratic logjam has impacted 78000 megawatt power production in coal and gas based power plants causing a loss of Rs.42,000 crore?
14] Is it a fact that your government had promised to build 22 kilometers of national highways per day when it was returned to power in 2009 and that it has been able to build 1.5 kilometers per day and that the NHAI chief has directly blamed the government for the woes which afflict this sector?
15] Is it a fact that as a result of slow down in the economy there has been a massive decline in employment opportunities; that according to the NSSO survey while over 6 crore employment opportunities were created between 1999-2000 to 2004-2005 and only 1.5 crore employment opportunities were created between 2004-05 to 2011-12?
16] Is it a fact that while all sectors of the economy have been pushed into crisis by the UPA government the worst affected is agriculture and the Indian farmer, that despite record production of food grains the farmer is still compelled to commit suicides in thousands every year; that you have failed to cover all the farmers under the Kisan Credit Card scheme which could have enabled them to save themselves from such suicides?
17] Is it a fact that you have been made Finance Minister of India thrice and that every time you have ended up running the economy to the ground and weakened the foundations of the Indian economy?
18] Is it a fact that the markets have celebrated your announcement of not standing for elections; that on March 19, 2014 when you made this announcement the BSE sensex shot up by 125 points, that the forex market was also delighted and the rupee has strengthened considerably against the dollar since then?
Former F M Charged Present F M And Said”The fact of the matter is Sri Chidambaram that you will be remembered by history as a spoiler, as some one who specializes in sub 5 percent growth rate, for your hubris and for your baseless tall claims which you do not tire of making even today. Your words and statements have lost all credibility”.
Courtesy B J P

बेलगाम मुद्रास्फूर्ति से जनरल इलेक्शनों पर खर्चा पैसों से रुपयों पर आया:१५ इलेक्शनों का खर्चा४८९१करोड़

लोक तंत्र को जिन्दा रखने के लिए २००९ में जनरल इलेक्शन कराये जाने पर प्रति वोटर रुपये १२/= का खर्च किया जाना है चूंकि वोटरों की संख्या ७१ ,६९ ,८५ ,१०१ बताई जा रही है इसीलिए इन चुनावों पर ८४६ .६७ करोड़ रुपयों का खर्च आयेगा जबकि१९५२ में कराये गए जनरल इलेक्शन में प्रति वोटर मात्र रुपये ०.६० का खर्च ही आया था | १६वी लोक सभा के लिए किया जाने वाला खर्चा पहली लोक सभा में किये गए खर्चे से बीस गुना अधिक है| आजादी के पश्चात कराये गए पहले छह इलेक्शन में एक रुपये से भी कम का खर्चा किया गया था जबकि उसके पश्चात मुद्रा स्फूर्ति पर रोक थाम नहीं लगाने के फलस्वरूप यह खर्चा बेतहाशा बढ़ने लगा| पंद्रह इलेक्शनों पर लगभग ४८९१ करोड़ रुपयों का खर्चा आ चुका है|
मिनिस्ट्री ऑफ़ लॉ एंड सोशल जस्टिस & ECI [Ministry of Law and Social Justice & ECI website]वेबसाइट के अनुसार २००४ के चुनाव सबसे महंगे साबित हुए थे उस समय रुपये प्रति मतदाता १७/= कि दर से 1114 Crore का खर्चा आया था अब तक कराये गए १५ चुनावों में किया गया खर्चा ब्यौरा निम्न है
वर्ष ======खर्चा[ =Expenditure (In Cr Rs)============= इलेक्टर्स[ No of Electors ] =====Expenditure per elector (In Rs)===============पोलिंग स्टेशन [PollingStation]
1952======10.45==========================17,32,12,343======0.6====================================1,96,084
1957=======5.9===========================19,36,52,179======0.3=====================================2,20,478
1962=======7.32==========================21,63,61,569=======0.3====================================2,38,031
1967=======10.8==========================25,02,07,401=======0.4====================================2,43,693
1971=======11.61=========================27,41,89,132=======0.4====================================3,42,918
1977======23.04==========================32,11,74,327=======0.7====================================3,73,910
1980======54.77==========================35,62,05,329=======1.5====================================4,36,813
1984-85 ====81.51=========================40,03,75,333========2=====================================5,06,058
1989======154.22=========================49,89,06,129=======3.1=====================================5,80,798
1991-92 ====359.1=========================5,11,533,598========7=======================================5,91,020
1996=====597.34=========================59,25,72,288=========10====================================7,67,462
1998=====666.22=========================60,58,80,192=========11====================================7,73,494
1999=====947.68=========================61,95,36,847=========15====================================7,74,651
2004=====1113.88========================67,14,87,930=========17====================================6,87,402
2009=====846.67=========================71,69,85,101=========12====================================8,30,866
* Excludes J&K in 1991-92
1989 to 2009 General Elections’ Expenditure figures are provisional
Elections were held separately for States of Assam & Punjab in 1985
Elections were held separately for State of Punjab in 1992
courtesy Ministry of Law and Social Justice & ECI website