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PM’s direct attack on Modi rattles BJP

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BJP leader Arun Jaitley addressing the media in New Delhi on Friday. -- V. Sudershan
BJP leader Arun Jaitley addressing the media in New Delhi on Friday. -- V. Sudershan

“If the dirty tricks department of the Congress had used such language, it is understandable. I do not think that the Prime Minister belongs to that department.”

The Bharatiya Janata Party seemed taken aback at the Prime Minister’s unexpected and sharp attack against its Prime Ministerial candidate Narendra Modi.

The Prime Minister said that he sincerely believes that it will be disastrous for the country to have Narendra Modi as Prime Minister.

While party chief Rajnath Singh termed the Prime Minister’s statement on Modi unfortunate, Arun Jaitley, Opposition leader in the Rajya Sabha, said using such a phrase (disaster for the country) against Modi does not add to the dignity of the Prime Minister’s office.

“If the dirty tricks department of the Congress had used such language, it is understandable. I do not think that the Prime Minister belongs to that department,” Jaitley told reporters here.

He said Modi has gone through a scrutiny involving the Police, Supreme Court, an SIT probe ordered by the apex court and a Commission of inquiry. Jaitley ridiculed the Prime Minister’s point that despite corruption allegations people elected his Government in 2009.

“The Prime Minister has manufactured a new logic. Electoral sanction to a corrupt Government wipes out an allegation. For the first time, a Prime Minister has given such a logic. I feel sorry,” the BJP leader said and added that his logic can be used by criminals also when they win elections.

“There is anger in society that criminals are entering politics,” he said.

Jaitley said the UPA Government provided a prefect recipe for disaster by failing in curbing corruption, checking unemployment and containing inflation.

The Prime Minister had taken on the BJP’s projection of Modi as a strong leader. Apparently hinting at Modi’s alleged inability to prevent the 2002 riots, the Prime Minister said the country does not need that “kind of strength”.

“If by strong Prime Minister you mean that you preside over mass massacre of innocent citizens on the streets of Ahmedabad, if that is the measure of strength, I do not believe that kind of strength this country needs, least of all in its prime minister,” he said.

Rajnath Singh said the Prime Minister’s comments on Modi were unfortunate. He said that Singh has accepted defeat in the next elections and that was why is he opted out of a third term.

“Instead of listing out his achievements, the Prime Minister has instead listed out the failures. This Government has proved a failure on all fronts. The Prime Minister has admitted that there is a dual power centre,” the BJP leader said.

jigeesh.am@thehindu.co.in

(This article was published on January 3, 2014)
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Union Budget 2014-15 Highlights

  • Following are the highlights of the Union Budget 2014-15 presented by Finance Minister Arun Jaitley in Parliament on July 10, 2014
  • Income-tax exemption limit raised by Rs 50,000 to Rs 2.5 lakh and for senior citizens to Rs 3 lakh
  • Exemption limit for investment in financial instruments under 80C raised to Rs 1.5 lakh from Rs 1 lakh.
  • Investment limit in PPF raised to Rs 1.5 lakh from Rs 1 lakh
  • Deduction limit on interest on loan for self-occupied house raised to Rs 2 lakh from Rs 1.5 lakh.
  • Committee to look into all fresh tax demands for indirect transfer of assets in wake of retrospective tax amendments of 2012
  • Fiscal deficit target retained at 4.1% of GDP for current fiscal and 3.6% in FY 16
  • Rs 150 crore allocated for increasing safety of women in large cities
  • LCD, LED TV become cheaper
  • Cigarettes, pan masala, tobacco, aerated drinks become costlier
  • 5 IIMs to be opened in HP, Punjab, Bihar, Odisha and Rajasthan
  • 5 more IITs in Jammu, Chhattisgarh, Goa, Andhra Pradesh and Kerala.
  • 4 more AIIMS like institutions to come up in AP, West Bengal, Vidarbha in Maharashtra and Poorvanchal in UP
  • Govt proposes to launch Digital India’ programme to ensure broad band connectivity at village level
  • National Rural Internet and Technology Mission for services in villages and schools, training in IT skills proposed
  • Rs 100 cr scheme to support about 600 new and existing Community Radio Stations
  • Rs 100 cr for metro projects in Lucknow and Ahmedabad
  • Govt expects Rs 9.77 lakh crore revenue crore from taxes
  • Govt’s plan expenditure pegged at Rs 5.75 lakh crore and non-Plan at Rs 12.19 lakh crore.
  • Rs 2,037 crore set aside for Integrated Ganga Conservation Mission called ‘Namami Gange’
  • Kisan Vikas Patra to be reintroduced, National Savings Certificate with insurance cover to be launched
  • FDI limit to be hiked to 49% pc in defence, insurance
  • Disinvestment target fixed at Rs 58,425 crore
  • Gross borrowings pegged at Rs 6 lakh crore
  • Contours of GST to be finalised this fiscal; Govt to look into DTC proposal.
  • ‘Pandit Madan Mohan Malviya New Teachers Training Programme’ launched with initial sum of Rs 500 crore
  • Govt provides Rs 500 crore for rehabilitation of displaced Kashmiri migrants
  • Set aside Rs 11,200 crore for PSU banks capitalisation
  • Govt in favour of consolidation of PSU banks
  • Govt considering giving greater autonomy to PSU banks while making them accountable
  • Rs 7,060 crore for setting up 100 Smart Cities
  • A project on the river Ganga called ‘Jal Marg Vikas’ for inland waterways between Allahabad and Haldia; Rs 4,200 crore set aside for the purpose.
  • Govt proposes Ultra Modern Super Critical Coal Based Thermal Power Technology
  • Expenditure management commission to be setup; will look into food and fertilizer subsides
  • Impasse in coal sector will be resolved; coal will be provided to power plants already commissioned or to be commissioned by March 2015
  • Long term capial gains tax for mutual funds doubled to 20%; lock-in period increased to 3 years
  • Rs 4,000 cr set aside to increase flow of cheaper credit for affordable housing to the urban poor/EWS/LIG segment.
  • EPFO to launch the ‘Uniform Account Number’ service to facilitate portability of Provident Fund accounts
  • Mandatory wage ceiling of subscription to EPS (Employee Pension Scheme) raised from Rs 6,500 to Rs 15,000
  • Minimum pension increased to Rs 1,000 per month
  • Union Budget 2014: List of products getting cheaper/ costlier

  • Finance Minister Arun Jaitley today spared the common man from price hikes by keeping duties on commonly used day-to-day items unchanged but made it costlier for smokers and tobacco consumers with a steep increase in excise rate in tax proposals in Budget 2014—15.
  • Following is a list of what will be cheaper and costlier:
  • YOU WILL PAY LESS FOR
  • CRT television
  • LED/LCD TVs especially below 19 inch
  • Footwear priced between Rs 500 to Rs 1,000 per pair
  • Soaps
  • E—book readers
  • Desktop, laptops and tablets
  • RO based water purifiers
  • LED Lights, fixtures and lamps
  • Pre forms of precious and semi—precious stones
  • Sports Gloves
  • Branded petrol
  • Matchbox
  • Life micro insurance policies
  • HIV/AIDS drugs and diagnostic kits
  • DDT insecticides
  • YOU WILL PAY MORE FOR
  • Cigarettes
  • Aerated drinks with sugar
  • Pan masala
  • Gutka and chewing tobacco
  • Jarda scented tobacco
  • Radio Taxi
  • Imported electronic products
  • Portable X—ray machines
  • Half cut/broken diamonds.

  • DATA BANK

    Exchange Rate

    Dollar Spot Forward Rate

    Open-Ended Mutual Funds

    MCX-SX Currency Futures

    NSE Currency Futures


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