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“Scars Only Getting More Visible With Time”: former PM Manmohan Singh on demonetisation

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Manmohan Singh

Congress leader and former Prime MinisterDr Manmohan Singh today (Thursday, November 8) cautioned Narendra Modi government against “economic misadventures” and urged it to handle economic policy making “with thought and care”.

In a statement on the second anniversary of demonetization, Dr Singh said: “It is often said that time is a great healer. But unfortunately, in the case of demonetisation, the scars and wounds of demonetisation are only getting more visible with time.”

“I urge the government to restore certainty and visibility in economic policies. Today is a day to remember how economic misadventures can roil the nation for a long time and understand that economic policymaking should be handled with thought and care,” said the former prime minister.

Manmohan Singh, calling Prime Minister Narendra Modi’s overnight ban on Rs. 500 and 1,000 notes on November 8, 2016, an “ill-fated and ill-thought exercise”, said “the havoc it unleashed on the Indian economy and society is now evident to everyone.” The cash ban, he said, impacted every single person, regardless of age, gender, religion, occupation or creed.

“Beyond the steep drop in headline GDP growth numbers after demonetisation, the deeper ramifications of notebandi are still unraveling. Small and medium businesses that are the cornerstone of India’s economy are yet to recover from the demonetisation shock,” said the former prime minister, who is a noted economist.

“This has had a direct impact on employment as the economy continues to struggle to create enough new jobs for our youth. The financial markets are volatile as the liquidity crisis wrought by demonetization is taking its eventual toll on infrastructure lenders and non-bank financial services firms. We are yet to understand and experience the full impact of the demonetization exercise. With a depreciating currency and rising global oil prices, macro-economic headwinds are also starting to blow now.”

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Dr Singh, who served as India’s PM for 10 years till his party Congress was voted out of power in 2014, advised that it was “prudent to not resort to further unorthodox, short-term economic measures” that could cause any more uncertainty in the economy and financial markets.

The Congress has said that PM Modi should apologise to the nation for “wrecking the economy and causing its people untold hardships”.

2024 Lok Sabha Elections

Election Commission books BJP MP Tejasvi Surya for seeking votes in the name of religion

Tejasvi Surya was booked by the Karnataka chief electoral officer for seeking votes in the name of religion in a video posted on X.

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Bengaluru South sitting MP and BJP’s candidate from the same seat Tejasvi Surya was reported to the chief election officer of Karnataka for uploading a video on X in which he asked for votes based on religion.

Karnataka Chief Election Officer tweeted on Friday during polling in the crucial seat where Tejasvi Surya MP is running against Congress’s Sowmya Reddy. He tweeted, case is booked against Tejasvi Surya MP and Candidate of Bengaluru South PC on 25.04.24 at Jayanagar PS u/s 123(3) for posting a video in ‘X’ handle and soliciting votes on the ground of religion.

Tejasvi urged people to cast votes and utilize their right to do so on multiple occasions. He released the last video at 2:00 PM, mentioning Ram Mandir in addition to border security and Article 370 in his plea to make the most of the final four hours of voting.

Earlier, Tejasvi gave an 80%–20% parallel to implore BJP supporters to turn out in large numbers at the polls. Only 20% of the BJP’s 80% voter base actually turned up to vote. C ongress’ voters are 20 % but they come out and vote 80%.  He added, in most circumstances, this is the actual situation at the polls. Telling the impportance of vote he said that every votes counts. He also urged to vote and added if you don’t, then 20% of Congress will undoubtedly be doing so.

Meanwhile, Karnataka recorded 50.93% voter turnout till 3pm, with Bengaluru South recording 40.77%. Up till 3 pm, Udupi Chikmagalur had the highest turnout (57.49%), Hassan had the next highest percentage at 55.92%, Dakshina Kannada at 58.76%, Chitradurga at 52.14%, Tumkur at 56.62%, Mandya at 57.44%, Mysore at 53.55%, Chamarajanagar at 54.82%, Bangalore Rural at 49.62%, Bangalore North at 41.12%, Bangalore Central at 40.10%, Bangalore South at 40.775, Chikkballapur 55.90%, and Kolar 54.66%.

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2024 Lok Sabha Elections

Mallikarjun Kharge writes to PM Modi seeks time to explain Congress’s Nyay Patra

Congress chief Mallikarjun Kharge wrote an open letter to PM Modi and said the Prime Minister is being misinformed by his advisors

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Congress President Mallikarjun Kharge wrote Prime Minister Narendra Modi a letter on Thursday, requesting an explanation of the ancient party’s Nyay Patra.

In support of the Congress manifesto, Kharge said that the Nyay Patra aims to give justice to marginalised people from all castes and communities, including women, children, farmers, and labourers.

The Congrss president said, PM’s  advisors are misrepresenting things to him that aren’t even included in our manifesto. Kharge said, he would be more than happy to meet with him in person to explain thehir Nyay Patra’ so that, as prime minister of the country, he dosen’t make any statements that are false.

It has become his  habit to seize on a few words taken out of context, create communal divide, Kharge added.

The Congress leader said that he is neither shocked nor surprised by the language used by the prime minister, in reference to Modi’s recent addresses.

It was expected that the PM and other leaders from his party would start speaking in this manner after he saw the dismal performance of the BJP in the first phase of the elections, he continued.

The impoverished and their rights have been a topic of discussion in Congress (nyay). We know that you and your administration do not care about the underprivileged and destitute, he remarked.

Continuing his attack on the prime minister, Kharge said, PM’s ‘suit-boot ki sarkar’ works for the corporates whose taxes you reduced while the salaried class pays higher taxes. The poor pay GST even on food and salt and the rich corporate claim GST refunds. That is why, when we talk of inequality between the rich and the poor, you are purposely equating it with Hindu and Muslim.

Following the criticisms made by the prime ministers in their recent election speeches, Kharge has responded. Modi has not held back when criticizing the main opposition party at his rallies, accusing them of scheming to redistributing assets and referring to the Congress manifesto as a “imprint of the Muslim League.

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2024 Lok Sabha Elections

Bollywood actor Neha Sharma campaigns for her father Ajit Sharma in Bhagalpur, Bihar

The Bollywood actor posted a video on her Instagram handle which showed her journey through various districts of Bihar, including Kishanganj, Banka, Purnea and Katihar. She was dressed in a traditional salwar kameez and was seen greeting and encouraging the public to cast their votes.

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Bollywood actor Neha Sharma’s recent participation in a roadshow in Bihar has taken the internet by storm. Sharma, known for her roles in films like Tum Bin 2 and Crook, was seen supporting her father, Ajit Sharma, who is contesting from Bhagalpur Lok Sabha seat on a Congress ticket. The roadshow came amid speculations that the actor might enter politics. But, it is now clear that she was just campaigning for her father.

neha sharma

The Bollywood actor posted a video on her Instagram handle which showed her journey through various districts of Bihar, including Kishanganj, Banka, Purnea and Katihar. She was dressed in a traditional salwar kameez and was seen greeting and encouraging the public to cast their votes.

The actor received a warm reception and love from a large crowd in Pirpainti and Kahalgaon during her roadshow. She wrote on Instagram that it is said when someone gives one a place in their heart, then they live there forever. She said her heart is full of all the love and support she was receiving from the people. She thanked the people for the warm welcome she got in Pirpainti and Kahalgaon. Aapka pyar sar ankhon par.

Another video, circulating on social media showed the actor actively participating in her father’s election campaign in Bhagalpur. The election to the Bhagalpur Lok Sabha seat is set to take place in the 2nd phase on April 26. Ajit Sharma is representing the Congress and is up against JDU’s Ajay Kumar Mandal in this seat.

Earlier, there had been rumours and speculations that Neha Sharma might join politics. But many reports have clarified that she is not making her political debut yet. The Bollywood actor had been offered the opportunity to join politics by her father Ajjit Sharma but she is currently focusing on her acting career.

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