UPA govt had higher economic growth rate than the present NDA govt
20 Août, 2018, 07:54 | Auteur: Auguste Feret
Chidambaram on Sunday took a dig at the Modi government's handling of the economy, saying that though three Finance Ministers - one de facto, one de jure and one invisible - handled the economy, the management was not in very competent hands.
His comments came two days after a committee, which was tasked with recommending ways to strengthen India's data collection system, released new back series data which showed the Indian economy grew at a faster pace in two terms of the UPA government between 2004-05 and 2013-14, when compared with average growth recorded in the first four years of the NDA government.
The opposition party's attack on Prime Minister Narendra Modi-led National Democratic Alliance (NDA) is significant because the Congress has been repeatedly raising the issue of "mismanagement of the economy" and is keen on driving home the point in the campaign leading up to 2019 Lok Sabha elections. "It is also a matter of record that during this period, 140 million people were lifted out of poverty", he said.
Accusing Congress of jumping the gun and nitpicking, BJP said the data has not been accepted by the government as yet.
He said NSC sub-committee's estimates of GDP growth series with the 2011-12 base are yet unofficial. Addressing a press conference at the Congress office here, Chidambaram said, "UPA 1 and UPA 2 delivered the highest decadal growth of 8.13 per cent at factor cost since Independence".
Malaysia stun S Korea 2-1
Malaysia is in first place with two wins. "We'll have to walk on a hard pathway with this result, but we'll get through", he said. A loss against Kyrgyzstan, now in third with a draw and a loss, could force South Korea out of the tournament.
Conveying his good wishes to the government in its fifth year, for the sake of the country, the Congress leader said the present dispensation cannot match the average growth rate of the UPA 1, but "we hope it can catch up with the average growth rate of the UPA 2".
The Committee considered the challenges in bringing out the back series GDP as several new sources used in the current series were not available or not reliable in the earlier series. "The numbers prove the dictum that truth can not be suppressed forever, and that the truth has a way of emerging amid a torrent of lies and distortions". The three best years were 2005-06, 2006-07 and 2007-08.
NITI Aayog today attributed the high growth achieved during the UPA government to the untenable fiscal deficit and reckless expansion of bank credit that led to the dramatic economic collapse. Besides, the fiscal deficit had been reduced to 4.48% and the current account deficit had been contained at 1.7%.
Chidambaram said there were other reasons why the economy stumbled during Modi government, including stagnation in investment. Even in 2013-14 it was 31.3 per cent. "However, post 2014, when the global economy was in slowdown mode, it was India and India alone which has been the fastestgrowing economy in the world for the last four years and has consistently overtaken China in the growth rate", he wrote. He added that in the past four years strong foundations have been laid for "sustained high and inclusionary growth" for the future. "Rupee's exchange rate went into a free fall during May-August 2013, declining nearly 25 per cent in 4 months", he tweeted.
Elaborating on the charge of "tax terrorism", Mr. Chidambaram said that despite a majority in the Lok Sabha, the Modi government did not amend the retrospective clause in the Income Tax Act (also known as the Vodafone amendment).
They will spend three days in North Korea but only be with their relatives for a few hours each day - in total, only 11 hours. The war left the Korean peninsula divided and people who lived on the northern side were unable to leave.
The truce announcement came a day after clashes erupted in the northern province of Faryab, an interior ministry official said. Ghani's ceasefire announcement was limited to the Taliban and excluded other armed groups such as ISIL.
Guajardo also sounded an optimistic note Friday, where he wrapped up his fourth straight week of discussions with Lighthizer. President Donald Trump on how talks were progressing during a U.S. cabinet meeting at the White House.
He picked her up, ran to his cruiser, and blasted the air conditioning. "Felt the pulse on the child and didn't feel a pulse". Seminole County Sheriff's Office Deputy Bill Dunn noticed the child locked in the sweltering auto on Father's Day this year.
The Iranian worldwide was the top scorer in the Eredivisie last season and enjoyed an impressive World Cup for Team Melli. Guardiola, however, insists that "buying class" is not something City were attempting to do in the project.
Chu and based on the popular novel by Kevin Kwan, is also a cultural milestone. "The success of " Crazy Rich Asians " may change how Hollywood views what ethnicity a leading man or woman should be", suggested The Washington Post.
Le film était certes déjà disponible depuis un mois en vidéo à la demande et n'est pas sorti dans des cinémas de New York ou Los Angeles, mais toutefois dans des grandes villes telles Miami ou Phoenix.
The tweet was in response to fellow entrepreneur Arianna Huffington who in a blog post on Friday urged Musk to get more zzzs. Musk sparked controversy by tweeting on August 7 that he had "funding secured" to take Tesla private.
He cashed in his briefcase to win the WWE Championship in November 2010 and went on to hold for six months. The Miz spoke with Sky Sports before his match against Daniel Bryan at tonight's WWE SummerSlam PPV.
But it began to unravel as the Swiss double-faulted to yield a break point, dropping serve as Djokovic moved ahead 4-3. Federer, a 7-time champion in Cincinnati, lost a final in the hardcourt US Open tuneup for the first time.
Priyanka Chopra and Nick Jonas Celebrate Engagement In Mumbai
Priyanka Chopra , 36, and Nick Jonas , 25, went to the Met Gala past year together but reportedly started dating only much later. Earlier today, Priyanka and Nick hosted a private engagement party, called a roka , with the Bollywood actress' family.
Kevin Spacey’s new film did unbelievably bad at the box office
The Hollywood Reporter described the film's cinema debut as a "career low at the box office" for the Oscar-winning performer. In October last year, actor Anthony Rapp alleged that Kevin Spacey had made sexual advances on him when he was 14-years-old.
Air quality: Very high risk
The entire province of Manitoba is under somewhat hazy skies and Environment Canada has issued an air quality alert . Conditions have not yet reached "hazardous" levels.
350 killed by floods in India's Kerala
Roads and 134 bridges have suffered damage, isolating remote areas in the hilly districts of the state which are worst affected. Rescuers in helicopters and boats fought through torrential rain on Saturday to reach stranded villages.
Canada inflation surges on rise of global oil prices
On the flip side, telephone service costs were down 5.1% and traveller accommodations slipped 4.1% compared with a year ago. On a seasonally-adjusted monthly basis, the consumer price index was up 0.5% in July, after increasing 0.2% in June.