Nasheman News :Total liabilities of the government has increased 49 per cent to Rs 82 lakh crore in the last four-and-half years during the Narendra Modi government, as per the 8th Edition of the Status Paper on Government Debt released Friday.
Compared to the latest data available till September 2018 when the total debt of the Central government stood at Rs 82,03,253 crore, the corresponding amount till June 2014 was Rs 54,90,763 crore, the Finance Ministry’s data on government borrowings shows.
The huge surge in government’s debt has been propelled by 51.7 per cent growth in public debt from Rs 48 lakh crore to Rs 73 lakh crore in the four-and-half year period, which in turn was driven by 54 per cent rise in internal debt to about Rs 68 lakh crore.
Dependence on market loans show a similar rise of 47.5 per cent to more than Rs 52 lakh crore during the period. While debt raised through gold bonds was nil at the end of June 2014, it stood at Rs 9,089 crore including the gold monetisation scheme.
The Central government, in the status paper on government debt, gave a detailed analysis of the overall debt position of the government of India. It has been bringing out an annual status paper on government debt since 2010-11, the Finance Ministry said.
“The overall liabilities of the Central government are on a medium-term declining trajectory and government’s debt portfolio is characterised by prudent risk profile,” the paper, covering details of fiscal deficit financing operations of the government, however, said.
“Government is primarily resorting to market-linked borrowings for financing its fiscal deficit. Conventional indicators … indicate that debt profile of the government is comfortably placed in terms of debt sustainability parameters and is consistently improving,” it added.
While the country’s debt has been on the rise, little help is expected from the fiscal deficit side in the current financial year. The fiscal deficit in the first eight months till November stands at Rs 7.17 lakh crore, or 114.8 per cent of the Rs 6.24 lakh crore full year’s target.
Archives for 2019
BJP’s ‘Operation Lotus’ fails to bloom, but threat to coalition persists
It seems the obituary was written far too prematurely for BJP’s project — purportedly known as Operation Lotus — to dislodge the Congress and Janata Dal (Secular) coalition government in Karnataka. Even as the state BJP’s MLAs were packing their bags in a Gurugram five-star hotel in anticipation of returning home, the Congress on Friday night quarantined its legislators in two plush Bengaluru resorts. The Congress decided to keep its MLAs in safe custody after four legislators didn’t show up at the legislature party meet earlier Friday. The four abstentions are too few to pose an immediate threat to the coalition government, but enough to send fresh jitters through the Congress camp, considering the alliance’s thin margin.
Before the crisis began, Congress and JD(S) had a strength of 118 members in an Assembly of 224 (against BJP’s 104), while the mark of simple majority stands at 113. Of the four who didn’t show up, one said he was “too sick” to make it, and another claimed he was busy with a court appearance. Two Independents supporting the government seem to be perched — rather conveniently — on the fence. State BJP president BS Yeddyurappa is keeping his hopes up of ousting the government so that he can replace Chief Minister HD Kumaraswamy of the JD(S), with the silent approval from his central leaders, who believe that grabbing power in Karnataka might give BJP an edge in the upcoming Lok Sabha elections.
On the face of it, it seems the BJP has a tough ask to get the numbers it needs, but what keeps Yeddyurappa’s adrenaline flowing is the mess in the Congress, which is of that party’s own making. Yet, the BJP can hardly claim the moral high ground in this sordid drama. The saffron party is as scrupulous as the burglar saying he tried to empty a house because the family was busy squabbling. It’s too early to declare that the government is safe or is about to fall. The only thing certain at this point is that the curtain hasn’t fallen in the nataka in Karnataka.
Karnataka’s four wars
In the normal circumstances of an Opposition trying to topple a government, the ruling party proving its flock is intact — more or less —should end all confusion. But no one is saying that the mess in Karnataka fits into the normal template of political coups. That’s because this crisis is not a simple case of BJP fighting the Congress-JD(S) combine and trying to break its seven-month government. It’s not just one war: There are four wars being fought at the same time. The most obvious one is between BJP and the alliance. The second is the war between Yeddyurappa, who is in a hurry to take the seat of the chief minister, and his enemies within his party who want to leave the government alone and focus on winning the upcoming Lok Sabha elections. The third war is between JD(S) and Congress over who calls the shots in the government. And the fourth and the most terrible tussle is among the different factions of the Congress.
It is the Congress infighting that most threatens the longevity of the coalition government. At its very centre is Siddaramaiah, whose tenure as chief minister ended when the Assembly elections in May 2018 threw up a hung verdict. Left to his own devices, Siddaramaiah would have retired to the sidelines to lick his electoral wounds. But Congress president Rahul Gandhi hit upon the idea of manufacturing a miniature mahagathbandhan for Karnataka. Rahul thrust on his party an alliance with JD(S) to earn himself accolades as the only man capable of saving India from the “evil designs” of Prime Minister Narendra Modi and his BJP.
But Siddaramaiah didn’t know what hit him when Kumaraswamy, the son of his one-time political godfather and arch enemy HD Deve Gowda, became chief minister. And G Parameshwara, a Dalit leader of Congress for whom Siddaramaiah has no particular love, became deputy chief minister. What further added to Siddaramaiah’s chagrin was that DK Shivakumar, an upper caste Vokkaliga leader of Congress and one of India’s richest politicians, began to flex his political and economic muscles and earned himself the nationally telecast title of “troubleshooter” by thwarting Yeddyurappa’s attempt to steal Congress MLAs after the election.
When all this happened, Siddaramaiah embraced Deve Gowda and his son Kumaraswamy. But that was only for the TV cameras. Behind their backs, Siddaramaiah had other ideas. Just what those ideas might be, Karnataka is discovering only now. For his part, Rahul kept Siddaramaiah in good humour, keeping in mind his backward classes clout. Siddaramaiah declared himself on Twitter to be the party’s official “troubleshooter”.
But it was alleged that when there were no troubles for Siddaramaiah to ‘shoot’, he created them: so that he could be seen to be busy sorting them out. The latest trouble Siddaramaiah created was by appropriating for his acolytes ministerial berths in the 22 December cabinet expansion. But this became too much of a fire for even him to douse. That was when the original troubleshooter Shivakumar stepped in, and it became a question of who held the party in his hands. And as this went on, Deve Gowda and Kumaraswamy took the matter into their own hands. Gowda had a heart-to-heart talk with Rahul, while Kumaraswamy commissioned Congress leaders to talk to disgruntled MLAs.
This meant that the JD(S) chief minister himself became a third troubleshooter. This, for Siddaramaiah, was two troubleshooters too many. But dissidents fell in line after apparently being promised Lok Sabha tickets, ministerial berths and freedom to transfer officials as they pleased (in their constituencies). This was not to Siddaramaiah’s liking. Then came Siddaramaiah’s move to call the meeting of the legislature party — as its leader — to tell Kumaraswamy who controlled the fate of his government. Which was not to Kumaraswamy’s liking.
In the middle of all this, Kumaraswamy bemoaned on Thursday that “it is my misfortune to be serving as the chief minister in a coalition government for the second time. Hence, I am unable to deliver programmes as expected by the people.” This might sound suspiciously like the melancholic outburst of a chief minister beleaguered by enemies out to topple him, but it was an adroit way of telling the world —particularly Rahul — that the crisis has the Congress hand written all over it.
Agencies
Sri Lanka wants to take back all Tamil refugees from India
New Delhi, Jan 18 (IANS) Sri Lanka wants to take back all Sri Lankan Tamil refugees who are now in India, country’s High Commissioner to India Austin Fernando said on Friday.
“With around 5,000 of these refugees having already returned, we now want to take the rest of them back to their original places,” Fernando said while delivering a speech on “Post 2015: Reconciliation Milestones in Sri Lanka”, organised by the Foreign Correspondents’ Club here.
According to Fernando, who took charge as the new Sri Lankan High Commissioner in November last year, there are around 100,000 of these refugees who had come to India during the civil war in the Indian Ocean island nation that ended in 2009.
He said that while some 20 to 30 per cent of these people would like to stay on in India, the rest would like to go back, adding that he would soon be going to south India to meet them.
“We will tell them that we will look after them,” the High Commissioner said.
“They need a roof over their head, they should be safe, their children should get education,” he stated.
“They must also get employment after returning.”
Asked whether Colombo has a deadline to take back these people, Fernando said there is no time frame as such but “we would like to take them at the earliest”.
“There are many logistical problems as well,” he said.
Stating that the Sri Lankan Deputy High Commissioner is in close touch with these people, he said that Colombo and New Delhi need to have a serious dialogue on this issue.
Fernando also assured that immigration will not be a problem for those who are returning.
21 killed in Mexico pipeline explosion
Nasheman News : At least 21 people have been killed and 71 others injured in an oil pipeline explosion in central Mexico, authorities said.
It is believed the blast occurred after the pipeline was ruptured by suspected oil thieves in the town of Tlahuelilpan, in Hidalgo state, on Friday night, the BBC reported.
According to officials, dozens of people were scrambling around the ruptured pipeline to fill up containers when fire broke out. TV footage showed large flames and people at the scene with severe burns.
Hidalgo Governor Omar Fayad told the media that the explosion was followed by the fire.
Residents in the immediate vicinity of the pipeline, which runs from the cities of Tuxpan to Tula in the state of Veracruz, had been evacuated, state oil company Pemex said in the statement.
“I’m very sorry for the serious situation in Tlahuelilpan due to a pipeline explosion. I’m in Aguascalientes and since the Director of Pemex and the Defence Secretary briefed me, I gave instructions to contain the fire and treat the victims,” tweeted Mexican President Andrés Manuel López Obrador.
Authorities have blamed fuel theft for previous explosions in Mexico. In 2010, a pipeline blew up in the state of Puebla, leaving 28 people dead and scores wounded.
Transferred nuns request Kerala CM’s intervention
Nasheman News : The four nuns, who publicly protested last year demanding rape accused Bishop Franco Mulakkal’s arrest, and were handed transfer orders three days back, on Saturday sought Kerala Chief Minister Pinarayi Vijayan’s intervention in the matter.
The nuns, who are presently attached to a Kuruvilangad convent near here, have been posted at four different places vide the transfer order issued on Wednesday.
In the letter, they requested Vijayan to see to it that the transfer orders were revoked as their only agenda was their wish to remain with the victim, who was yet to receive any sort of support from the Church and was only banking on them.
Seeking the intervention, they pointed out that these transfers were effected as they were all witnesses in the case against the then Roman Catholic Diocese head in Paunjab’s Jalandhar, Bishop Mulakkal, who is accused of raping the victim nun repeatedly between 2014 and 2016.
Mulakkal was arrested on September 21, 2018, on rape charges after these four nuns joined the public protest in Kochi that forced the police to succumb to pressure from various quarters and take strong action against the bishop.
The nuns on Wednesday refused to accept the transfer orders and said they would remain in the convent at Kottayam, where they are currently posted.
Following the transfer orders though, the Mother Superior of the Missionaries of Jesus — the congregation to which these nuns are attached to — have gone on record to say that this was just a routine transfer that happened regularly.
Mulakkal had secured bail on October 16, 2018, and was back in Punjab.
Tens of thousands attend Bengal’s mega anti-BJP rally
Nasheman News : Tens of thousands of enthusiastic workers and supporters, including a man on a wheelchair, attended the mega anti-BJP rally at the historic Brigade Parade ground here on Saturday raising their voices against Prime Minister Narendra Modi.
Trinamool Congress (TMC) supremo and Chief Minister Mamata Banerjee reached the venue almost an hour before the scheduled time while party leaders, MPs MLAs took their seats on the side stage.
Amidst elaborate security arrangements, the enthusiastic participants gathered waving giants flags. People were seen donning party symbols on hats and clothes.
Most of their sloganeering were centred around Modi, BJP National President Amit Shah and about the party’s rule “finishing” in 2019.
Kamaludddin Khan came on a wheelchair came with a placard greeting the TMC chief and wished that she keeps moving ahead indirectly sharing his desire to see Banerjee as the next Prime Minister.
Finally, their wait was over as the rally, which is expected to kick-start the Opposition’s campaign ahead of the upcoming general election, got going.
“We want to hear didi,” Atish Chandra Bagdi, an avid supporter of the Trinamool supremo from Murshidabad district said. He painted himself in his party’s colours.
Some people like Amzad Hossain from Coochbehar district donning dresses printed with the party’s symbol, had arrived in the city on Friday.
“Let us take the pledge of building a progressive, strong and United India” read the backdrop of the main stage, where a number of Trinamool flags fluttered.
Trump to make ‘major’ announcement on government shutdown, border
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[Nasheman news] Washington US President Donald Trump has promised a “major announcement” about the ongoing government shutdown as it entered its 29th day on Saturday, while Democrats hope to increase pressure on his presidency by pursuing allegations by his former lawyer that Trump had made him lie to Congress.
Trump tweeted on Friday night that he will make the announcement at 3 p.m. on Saturday from the White House “concerning the Humanitarian Crisis on our Southern Border and the Shutdown”.
While he left the nation in suspense about his plans, there was a small sign of progress in finding a solution to the shutdown with the Democrats offering to add $1.87 billion to the budget for border security, but not for the wall.
Trump has been adamant about getting $5.7 billion in the budget to build the wall along the Mexican border, which the Democrats have refused with equal vehemence.
Because of their disagreement there is no budget and all but the essential government operations have been shutdown temporarily because there is no money to pay for them.
About 800,000 workers are off work because of the shutdown and most, including those working, haven’t been paid since January 11.
At the border with Mexico, about 7,000 Central Americans who came in a caravan hoping to enter the US are camped out there in make-shift shelter and some have been repelled by the border patrol with teargas when they tried to crash the border. Another caravan of thousands is on its way.
Meanwhile, Democrats have found a new avenue to go after Trump from a report in the BuzzFeed News website that the President’s former personal attorney , Michael Cohen, had told investigators looking into allegations of Russian interference into the elections that Trump had asked him to lie to Congress about negotiations for a hotel in Moscow.
If the website’s report based on two unidentified sources from investigation is true, he could be guilty of crimes that could be grounds for impeachment.
Democrat Senator Ralph Blumenthal demanded that the Senate Judiciary Committee ask Cohen to testify.
He said that if the reports the reports were true, Trump would be guilty of obstruction of justice, suborning perjury, and conspiracy to violate laws prohibiting false statements to Congress.
Cohen is scheduled to testify before a House committee on February 7.
His credibility, though, is at risk because he has admitted in court in November that he had lied to Congressional committees investigating the Russian links about the Trump Organization’s plans for building a hotel in Moscow.
After being convicted, he was sentenced to three years in prison for that and other offences and Trump pounced on it. Cohen is “lying to reduce his jail time,” Trump tweeted.
Robert Mueller, a former Federal Bureau of Investigation (FBI) Director, was appointed in 2017 to probe allegations of Russian involvement in the 2016 election as well as collusion by Trump or his campaign with Moscow.
After 20 months of investigations he has not come up publicly with any direct Russian connections to Trump and Cohen’s allegations, if proved true, will give Democrats the anti-Trump ammunition they have been seeking.
The standoff over the budget has descended into cheap drama with Speaker Nancy Pelosi blocking Trump from delivering the annual State of the Union Address to a joint session of the Congress and the president retaliating by refusing to let her use a government plane to visit US troops in Afghanistan.
The Democrat’s offer of additional money for border security is an attempt to show both that they are willing to make some compromise and to make clear that the mainstream of the party is against open borders and unchecked immigration, which some in the party advocate.
Trump’s planned speech on Saturday will come after a nation-wide Women’s March starting that morning to protest his policies considered detrimental to women, demand the preservation of abortion rights and to promote their rights, as well as those of minorities and immigrants.
The March has been an annual event after the first massive event held in 2017 in Washington the day after Trump’s swearing-in. Drawing abut 500,000 participants it is considered to be among the biggest demonstrations held in the nation’s capital.
Reflecting the nation’s deep polarisation, an anti-abortion rally was held in Washington on Friday with thousands participating. Trump sent a prerecorded message of support to the rally and Vice President Mike Pence attended it personally, telling them: “We will stand with you until that great day comes where we restore the sanctity of life to the centre of American law.”
Unlike in India, abortion continues to be a live issue with political conservatives, mostly in the Republican Party, constantly vowing to criminalise it – a position supported by Trump – making it a symbol of the nation’s political divide.
UPA III more likely than NDA III: Tharoor
[Nasheman news] Kolkata Senior Congress leader Shashi Tharoor feels his party is “on the march” and even if it bags lesser seats than the ruling BJP in the upcoming Lok Sabha polls, it can still form a UPA-III government with the help of its allies.
“Congress is on the march. I can’t give you an exact number because a lot of alliance determinations are yet to be finalised, but I would say that even if we got fewer seats than BJP, we would still have enough regional parties who would wish to ally with us.
“So, a UPA-III is far more likely than an NDA-III,” Tharoor said during an interaction at the Apeejay Kolkata Literary Meet here late on Friday.
“The BJP is going to go from about 282 to at best somewhere around 160 seats,” Tharoor predicted when asked about the polls later this year.
“They won’t find the allies. They can look around the country, even the allies they had in 2014…some have deserted them.
“It’s interesting to see that the RSS has predicted a hung parliament in their publication. I would say if you look across the heartland, the BJP is losing awful lot of votes.
“They did too well last time (2014) for their own good. It would have been impossible (for them) to replicate even if they had a successful government.
“Now that they are not doing well as a government, those numbers are going to be halved,” he further added.
Queried about the reasons for his prediction that the government would fall, the 62-year old diplomat-turned-politician pointed out that not meeting promises and the growing communal discord in the country would dominate the election campaign.
“What happened to ‘Acche Din’? You were promised better times. How many of you are better off as a result of this government’s five years. And if they have failed, then why do they deserve a second chance?
“So the first and most important message is, kya aapke ke liye acchhe din aaye hai? If not, let’s turf these fellows out for their pretences.
“Petrol price rise, taxation, job crisis and so on. A lot of this is going to dominate the election campaign.
“A second issue must be the growing communalisation of the society. Do we really want our children to be growing up in a country in which people are seeking to divide us in the name of hatred, in the name of communnalism or religion? Or do we want to live as we would live before that?”
Tharoor said the opposition alliance may vary from state to state and place to place. “But the support that the Congress is expressing through the presence of its leaders (at the rally) here is precisely because of the conviction at all levels of the party that the opposition must resist the very dangerous tendencies we saw in last five years,” he later told reporters on the sidelines.
Dolly Sohi’s first negative avatar on TV
[Nasheman news] Mumbai Actress Dolly Sohi of “Kalash” fame says she is excited and nervous about playing a negative role in a TV show for the first time.
Although her character in “Meri Durga” had grey shades, but this would be the first time that she will come as an out-and-out baddie in the upcoming show “Khoob Ladi Mardaani Jhansi Ki Rani”.
“I’m really excited and nervous at the same time about playing a negative role for the first time. Most of my characters have been very positive. People have loved me as Raano in ‘Kalash’ and ‘Saroj’ in ‘Bhabhi’,” Dolly said in a statement.
“My characters have cried a lot, but now my character will be a troublemaker in ‘…Jhansi Ki Rani’,” she added.
The show also stars Anushka Sen and Jason Shah.
Heavy snowfall in Kashmir Valley
[Nasheman news] Srinagar Heavy snowfall occurred in the Kashmir Valley on Saturday, with the weather office forecasting more in store for the next three days.
“A western disturbance (WD) is presently active over the state under whose influence moderate to heavy snowfall is likely to occur in the valley till January 23 after which the intensity of the WD will start decreasing,” a Met Department official said here.
District administration have set up helplines to help prevent any untoward incident due to the heavy snowfall.
While the nightlong cloud cover increased minimum temperatures throughout the valley on Saturday, the maximum temperatures are expected to drop further, the weather official said.
Srinagar recorded minus 2.0 degrees Celsius, Pahalgam minus 4.4 and Gulmarg minus 7.0 as the minimum temperatures.
Leh town had minus 9.2 degrees Celsius and Kargil minus 18.9 as the night’s lowest temperature.
Jammu city recorded 8.3 degrees Celsius, Katra 9.1, Batote 3.9, Bannihal 2.3 and Bhaderwah 1.3 as the minimum temperatures.
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