English हिन्दी
Connect with us

India News

If I was a job applicant, Jaitley wouldn’t have been finance minister: Yashwant Sinha

Published

on

Arun jaitely and Yaswant Sinha

[vc_row][vc_column][vc_column_text]War of words between Sinha and finance minister Arun Jaitley intensifies, BJP margdarshak says those who haven’t seen face of Lok Sabha are attacking him

A day after Union finance minister Arun Jaitley countered his senior party colleague’s criticism of his handling of the Indian economy by terming the BJP ‘margdarshak mandal’ member a “job applicant at 80”, former finance minister Yashwant Sinha has hit back with equal gusto.

“He (Jaitley) has made this personal by calling me a ‘job applicant’. He delivered a well researched speech but overlooked (LK) Advani Ji’s advice to refrain from personal attacks. That’s okay though, I’m happy he made a personal attack,” Sinha said on Friday. “If I would have been a job applicant, then he would not have been (there),” Sinha added.

Sinha said Jaitley didn’t have a leg to stand on because he is merely “a political appointee” who has never had to nurture a constituency or work at the grassroots. The BJP warhorse, who had in an article for The Indian Express blamed the Union finance minister for making a “mess” of the Indian economy and said that he was “working overtime” to ensure that all Indians see poverty at close quarters, countered Jaitley’s ‘job aspirant at 80’ remark by saying: “I didn’t come to politics after retirement. I left my post in the IAS (Indian Administrative Service)… I could not be asking for a job at the age of 80 years.”

Countering Sinha’s charges against him and his claims of the Indian economy facing an imminent doom, Jaitley had on Thursday also sought to project his opponent’s term as finance minister in the Atal Bihar Vajpayee and Chandra Shekhar government as a failure. “I must confess that I do not have the luxury as yet of being a former finance minister. Nor do I have the luxury of being a former finance minister who has turned a columnist,” Jaitley had said, firing a salvo at both Sinha and Congress leader P Chidambaram, who had endorsed Sinha’s broadside against Jaitley.

Though Jaitley didn’t name Sinha or Chidambaram, he went on to take a satirical swipe at the duo, saying: “Being a former finance minister I can conveniently forget a policy paralysis (during UPA-II). I can conveniently forget the 15 per cent NPAs of 1998 and 2002 (during Sinha’s term as finance minister). I can conveniently forget the USD 4 billion reserve left in 1991 and I can switch over and change the narrative.”

On Friday, Sinha sought to fire a counter offensive, reminding Jaitley of his inability to win elections. Jaitley is known as much for being the BJP’s poll strategist as he is for his either staying away from active electoral politics – or losing the only election he has contested (from Amritsar during the 2014 Lok Sabha polls) despite a massive wave in favour of his party.

Sinha said: “After entering politics, I selected my constituency soon. It did not take me 25 years to select a Lok Sabha constituency. Those who have not seen the face of the Lok Sabha are questioning and attacking me.”

Sinha also hit out at Jaitley for not acting against black money hoarders whose names India had got under various bilateral efforts. “Three years ago HSBC Bank shared the names of over 700 people (holding black money abroad) with India. How many of them have been arrested? Has action been taken against them? Due to Panama Papers the Pakistan Prime Minister has had to resign. But why no action is being taken here,” Sinha said.

The government had also fielded Union minister of state for civil aviation Jayant Sinha to counter his father, Yashwant Sinha’s charges. Jayant had written an opinion piece countering claims of a slowdown of the Indian economy and though he didn’t expressly name his father in the article, it was evident that the counter-charges were meant to puncture Yashwant Sinha’s charges. It was largely speculated in the political grapevine that Prime Minister Narendra Modi’s government had deliberately forced Jayant (though he denied the rumours a day later) to counter his father’s article. Yashwant Sinha had termed Jayant’s article a “cheap political trick” by the government while Chidambaram had called the piece a “PIB handout”.[/vc_column_text][/vc_column][/vc_row]

India News

Shashi Tharoor warns US Iran tariffs could make Indian exports unviable

Shashi Tharoor has warned that cumulative US tariffs linked to Iran trade could rise to 75%, making most Indian exports to America commercially unviable.

Published

on

Shashi Tharoor

Congress MP and chairman of the Standing Committee on Foreign Affairs Shashi Tharoor has expressed serious concern over the United States’ latest tariff announcement targeting countries that continue to trade with Iran, warning that such measures could severely impact Indian exporters.

Reacting to the decision by US President Donald Trump to impose a 25% tariff on countries doing business with Iran, Tharoor said Indian companies would struggle to remain competitive if cumulative tariffs rise to 75%. He noted that India was already at a disadvantage compared to several regional competitors.

Tharoor said he had been troubled by the US tariff regime from the outset, pointing out that India was initially subjected to a 25% tariff while rival exporting nations in Southeast Asia were charged significantly lower rates. According to him, countries such as Vietnam, Thailand, Indonesia, Pakistan and Bangladesh faced tariffs ranging between 15% and 19% on labour-intensive goods exported to the US.

He explained that the situation had worsened with additional sanctions-linked duties. With the existing 25% tariff, another 25% related to Russia-linked sanctions, and a further 25% tied to Iran-related measures, the total burden could rise to 75%. At that level, Tharoor said, most Indian exports would no longer be commercially viable in the American market.

While noting that certain sectors such as pharmaceuticals may continue to export as they are not heavily impacted by sanctions, he warned that other key export categories would be hit hard. Tharoor described the situation as very serious and said it required urgent attention.

The Congress MP also expressed hope that the newly appointed US Ambassador could help facilitate progress on a bilateral trade agreement. He stressed that India could not afford to wait through the entire year for a deal and said an agreement should ideally be concluded in the first quarter of 2026.

Commenting on recent diplomatic engagements between India and the US, Tharoor underlined the need for faster consensus on trade issues. He said that at tariff levels as high as 75%, the idea of a meaningful trade deal loses relevance. According to him, a rate closer to what the UK enjoys with the US, around 15%, would reflect the respect due to a strategic partner.

Tharoor’s remarks come after President Trump announced that any country continuing business with Iran would face a 25% tariff on all trade with the United States, a move that has raised concerns among several trading partners.

Continue Reading

India News

Indian Army symbolizes selfless service and duty, says PM Modi on Army Day

PM Narendra Modi on Army Day praised the Indian Army as a symbol of selfless service and unwavering duty, saluting the courage and sacrifice of its soldiers.

Published

on

pm modi speech

On the occasion of Army Day, Prime Minister Narendra Modi on Thursday paid tribute to the Indian Army, describing its soldiers as a symbol of selfless service who protect the nation with unwavering resolve, even in the most challenging circumstances.

In a message shared on social media platform X, the prime minister said the country salutes the courage and steadfast commitment of Indian Army personnel. He noted that their dedication to duty inspires confidence and gratitude among citizens across the country.

“Our soldiers stand as a symbol of selfless service, safeguarding the nation with steadfast resolve, at times under the most challenging conditions,” PM Modi said. He added that the nation remembers with deep respect those who have laid down their lives while serving the country.

Army Day is observed every year on January 15 to commemorate a historic moment in India’s military history. The day marks the appointment of Field Marshal K M Cariappa as the first Indian Commander-in-Chief of the Indian Army in 1949, when he took over from British officer General Sir F R R Bucher.

The occasion serves as a reminder of the Indian Army’s role in defending the country’s sovereignty and honour, as well as the sacrifices made by its personnel in the line of duty.

Continue Reading

India News

Air India, IndiGo flights disrupted after Iran shuts airspace amid US tensions

International flights operated by Air India, IndiGo and SpiceJet were disrupted after Iran shut its airspace, forcing rerouting and cancellations.

Published

on

Air india flight

International flights operated by Air India, IndiGo and SpiceJet were disrupted on Thursday after Iran abruptly shut its airspace to commercial aircraft, triggering delays and cancellations on several long-haul routes.

Iran ordered the closure of its airspace without providing an official explanation, as tensions remain elevated between Tehran and Washington and protests continue across the country against Supreme Leader Ayatollah Ali Khamenei.

Indian airlines issue travel advisories

Air India said its flights overflying the region are now operating through alternative routes, resulting in longer flight times and possible delays. The airline also confirmed that some services have been cancelled where rerouting is not feasible.

“Due to the emerging situation in Iran and the subsequent closure of its airspace, Air India flights overflying the region are using alternate routing, which may lead to delays. Some flights are being cancelled where rerouting is currently not possible,” the airline said in a statement on social media.

Passengers were advised to check flight status before travelling to the airport, with the airline reiterating that passenger and crew safety remains its top priority.

IndiGo also acknowledged disruptions to its international network, describing the situation as a “sudden airspace closure” beyond the airline’s control. The carrier said it is working to assist affected passengers by offering alternative travel options.

Customers have been advised to use flexible rebooking options or claim refunds, depending on their preference.

SpiceJet issued a similar advisory, confirming that some of its flights have been impacted due to the closure of Iranian airspace.

Airspace shutdown linked to regional security concerns

According to official notices issued to pilots, Iran’s airspace closure is expected to remain in place until 7:30 am local time. The move comes amid heightened regional tensions and follows earlier shutdowns during military confrontations involving Israel earlier this year.

Aviation risk monitoring platforms have noted that several international airlines are already avoiding Iranian airspace, citing concerns over possible military activity, air defence operations and the risk of misidentification of civilian aircraft.

The situation continues to be monitored closely, with further disruptions possible if the airspace restrictions are extended.

Continue Reading

Trending

© Copyright 2022 APNLIVE.com