Keeping up the tension on the Modi government over the monetary drop, the Congress on Thursday claimed that the India was being pushed towards a “financial emergency” and farmers, the intermediate class and adolescents were enduring the worst part of the awful approaches of the government.
Pointing at the details, they asserted, “40 crore Indians are being pushed below the poverty line as per the ILO Report and 80 lakh people were forced to withdraw Rs 30,000 crore” from their EPFO accounts. Within April to July 2020, two crore salaried people lost their jobs. In the unorganised area, 10 crore jobs were lost during the lockdown (CMIE).”
Pointing to a public interview, Congress Chief Spokesperson Randeep Surjewala stated that the economy stands demolished as GDP has been reduced and cut down and demonetisation-GST-lockdown were not victorying however were disaster strokes.
Congress asserted that the Modi government has damaged the economy over the most recent six years by its ‘acts of frauds’. The government currently portrays its criminal incompetence and guilty inadequacy as an ‘act of God’. As stated by Surjewala, this is the only government that the public has seen in the past 73 years that puts the blame on ‘God’ for its own cheat and trickery.
Surjewala affirmed, “The government is drunk with arrogance in annihilating India’s economy, the enterprise of the industry, toiling labour of the farmers and aspirations of the youth with the sole objective to remain in power at any cost and at all costs”.
They declared that the decrease of GDP in the initial quarter of FY 2021 (a first since Independence) will diabolically affect the normal pay of each Indian, and specialists give a case of per capita pay of Rs 1,35,050 in the year 2019-20. Compare it with the falling GDP of – 24 per cent in the primary Quarter (April to July) of 2020-21. The following quarter (July to September) will be far more damaging. If the GDP for the entire year 2020-21 was to tumble to – 11 per cent, it would prompt a decrease of at least Rs 14,900 in the pay of each Indian.
Inflation is hitting the average person and extraordinary floods in taxes and an economy in free fall has crushed the spirit of the individuals.
While the decline in the manufacturing and services segments was plainly noticeable in the quarter, the farming segment was viewed as the development motor of the economy. During April-June, the manufacturing part shrank by 39.3 per cent and the services segment by 20.6 per cent. Then again, the horticulture sector was the main region that saw positive development of 3.4 per cent in the quarter.
“Today, India suffers from a ‘confidence deficit’ in the Modi Government. Ask the Micro, Small & Medium Enterprises and they will tell you that neither do the banks extend loans or financial assistance nor do the words of the Finance Minister have any meaning. On the other hand, banks have no faith in the government and the government has no faith in the RBI. States have no faith in the Central government. An atmosphere of distrust is all prevailing,” said Surjewala.
They moreover mentioned the NCRB report and said 14,019 jobless individuals who had no alternative but to commit suicide in 2019, for example, 38 jobless individuals were directed to suicide every day. 42,480 farmers and farm workers were likewise compelled to suicide in 2019. This would indicate that 116 farmers and farm workers had to put an end to their lives every day.
It’s obvious that India isn’t the only country that was hit by COVID-19 crisis, but it ranks amongst the most badly hit countries along with Japan, UK and USA.
SOURCE-with IANS input
