Friday, Jul 19 2019 | Time 12:04 Hrs(IST)
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  • Telangana Assembly debates Municipal Bill 2019 aims at to remove graft in urban local bodies
  • Four dead, 16 injured as blast hits outside Kabul university
  • Count down begins for 13 month old Congress-JDS Coalition Government headed by H D Kumaraswamy in Karnataka
  • Rupee rises 20 paise against USD
  • Sensex falls 251 75 pts
  • Karnataka assembly likely to witness chaotic scene over Governor's direction to CM
  • All women delegation to China
  • Raj Kaur Khaira's new book tells the story of famous and under-celebrated women
  • Amarnath pilgrimmage suspended from Baltal, continues on traditional Pahalgam track
  • Two Haryana youths killed in road accident in Kashmir
  • Hot morning in Delhi, min temp at 25 deg C
  • Investment worth Rs 80,000 cr at Calcutta Leather Complex brings new hope in Bengal's industrial sector
  • Amarnath pilgrim dies due to cardiac arrest at Baltal
  • US shoots down Iranian drone near Strait of Hormuz
  • Batch of 3627 pilgrims leave for Amarnath Cave Shrine from Jammu
Parliament


Govt evading bold steps to strengthen weak economy: Chidambaram

Govt evading bold steps to strengthen weak economy: Chidambaram

New Delhi Jul 11 (UNI) Former Finance Minister and senior Congress member P Chidambaram on Thursday said the government is evading bold steps to bolster the weak economy, despite getting a huge mandate in the recent elections.

Speaking on the Union Budget in the Rajya Sabha, he said the current status of the economy is very weak, as the government has not taken any structural reform in the last five years, which resulted in a bad state of the economy.

'There were only 11 'Structural Reforms' (SF), like the end of Licence regime and RERA laws under the Foreign Exchange Act, in the last 20-25 years. Majority of them were done during former Prime Minister Manmohan Singh's tenure. We did not see any SF that took place in the last five years,' Mr Chidambaram said.

Underscoring the government's failure to initiate the needful to make the economy stronger, the Congress lawmakers wondered that with this thumping majority of 303 seats in the Lok Sabha, why the BJP was avoiding strong measures to bolster the economy.

'UPA government took strong measures to strengthen the economic situation, when we had 140 and 206 seats and executed many structural reforms in the Indian economy and if we had this much of majority, we would have taken stronger decisions,' Mr Chidambaram commented.

Reacting to the government's claims for 'Three Trillion Economy' by 2022 or 2023, he said the Modi government is just boasting, 'because our economy is growing by 12 per cent, in every six years'.

'This is a simple calculation and there is nothing magical about it. This has been happening in the last 20 years and the government is presenting the Economy as the Chandrayan was reaching the Moon,' Mr Chidambaram quipped.



UNI AKS RJ 1505

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Dam to be constructed in Nepal for permanent solution of flood: Rai

18 Jul 2019 | 8:19 PM

New Delhi, Jul 18 (UNI) The Government said in the Lok Sabha on Thursday that efforts are being made to reduce the damage caused by flood alongwith finding a permanent solution to the problem and for this a proposal to make a dam in Nepal is under consideration.

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18 Jul 2019 | 8:17 PM

Earlier, replying the debate on the “The New Delhi International Arbitration Centre Bill 2019 and “The Arbitration and Conciliation (amendment) Bill 2019”, The Law Minister Ravi Shankar Prasad said that the some of the Members of the Opposition apprehension were baseless there would be manipulation in constitution of the arbitration council.

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Tax proposals aimed to improve 'Make in India,' promote digital payment: FM

Tax proposals aimed to improve 'Make in India,' promote digital payment: FM

18 Jul 2019 | 8:09 PM

New Delhi, July 18 (UNI) Finance Minister Nirmala Sitharaman on Thursday said the tax proposals in the Finance Bill, 2019, are aimed to improve the ease of living and reduce pain of the citizens while promoting 'Make in India' and digital payment.

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Bill to set up intl arbitration centre for arbitration, mediation & conciliation gets nod of Par

Bill to set up intl arbitration centre for arbitration, mediation & conciliation gets nod of Par

18 Jul 2019 | 7:32 PM

New Delhi, Jul 18 (UNI) A Bill to set up an international arbitration centre to conduct arbitration, mediation, and conciliation proceedings got the nod of Parliament with the Rajya Sabha passing it by voice vote on Thursday.

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Finance Bill, 2019, okayed by Lok Sabha

Finance Bill, 2019, okayed by Lok Sabha

18 Jul 2019 | 7:26 PM

New Delhi, July 18 (UNI) The Lok Sabha on Thursday stamped its seal of approval on the Finance Bill, 2019, by a voice vote. Piloting the Bill, Finance Minister Nirmala Sitharaman said the Modi government is working towards ease of living of the people and underlined the fact that proposed direct tax amendments seek to give an impetus to 'Make in India' through a reduction of rates for more than 99 per cent of the companies.

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