Addressing the audience of the Economic Club of New York on Tuesday, Reserve Bank of India (RBI) Governor, Raghuram Rajan, said that the Modi Government came in power with a ‘probably unrealistic’ promise, but the government is taking steps to create an environment for investment and is “sensitive” to the concerns of investors.
“The government has taken steps to create the environment for investment, which I think is important,” said RBI Governor.
Rajan said that the government is creating an environment for investors and that will be a boon for thousands of unemployed youths of India. A “big part” of the business environment is taxes and the government has made it clear that it will not bring retrospective taxation again.
“However, once the tax authority levies a demand on you, there is a quasi-judicial nature of that proceeding and therefore it has to go through the courts before it is resolved. The government cannot intervene,” Rajan added, while adding, “Legacy issues are winding their way through the courts, including issues based on laws that existed before they were changed.”
Rajan also praised government’s different policies from Land Acquisition Bill to monetary reforms.
He said that since different states have their own Land Acquisition Bills, some commentators have suggested the possibility that the states should decide for themselves as to how to implement their respective land acquisition provision, as per the report of The Financial Express.
He stated that inflation “has come down tremendously in India” and the rupee has basically stayed relatively flat since the beginning of the year.
“If you look at rupee’s volatility relative to other currencies, you’d have to argue that the rupee has been one of the most stable currencies (against) the dollar,” Rajan said.
The RBI governor’s statement came in the note of Modi’s one year in office.
Rajan commented, “It is appreciable the way the government tried to implement its ‘probably unrealistic’ promise and to create a friendly relation with its neighbors.”
The Gujarat elections have brought the BJP and the Congress into a close contest over the seats.
The exit polls predict a victory for BJP.
The counting of votes will begin at 8.00 A.M. on Monday, December 18.
The Gujarat elections, which were carried out in two phases on December 9 and December 14, will finally come to its culmination on Monday, December 18, as the counting of votes will commence from 8.00 A.M. The Gujarat polls, over which seasoned BJP politicians such as Narendra Modi and Amit Shah have locked horns with the newly appointed president of the Congress, Rahul Gandhi, have been subjected to numerous speculations and predictions, ever since the two political parties have launched themselves into relentless campaigning for the various constituencies.
Congress vs. BJP: Who will Win the Gujarat Elections
The campaign for the Gujarat assembly elections has been a vehement one for Prime Minister Narendra Modi, who has extensively referred to the growth index and other statistical details while enumerating the virtues of the BJP government. His developmental policies, such as the Ujjwala Yojana through which free LPG gas facilities were provide to households below the Poverty Line, have made him immensely popular among the women of Gujarat. Modi’s appeal as the ‘son of the soil’ has earned him support in the urban and commercial hubs of Gujarat, in spite of the brewing discontent over demonetisation and the imposition of GST. The BJP has also succeeded in securing the support of the tribal people of Gujarat, who were previously considered as a stronghold of the Congress. However, with the trio of Hardik Patel, Alpesh Thakor and Jignesh Mevani, Rahul Gandhi seems to have infused young blood into the Gujarat elections, and has thereby attracted a significant number of young voters. Hardik Patel, with his political acumen has become a potential threat for the BJP, as multiple scandalous tapes of him as well as his aides have not decreased his popularity. In North, Gujarat, Saurashtra and Kutch, people seem to be disappointed with the BJP government, since the much-applauded ‘Gujarat Model’ has failed to solve basic issues in their lives, such as shortage of water.
Gujarat Elections: The Exit Polls
The Gujarat Polls of 2017 have often been hailed as one of the closest competitions faced by the BJP government during its 22 year long tenure as speculations are rife regarding who will win the Gujarat elections. However, in spite of the unyielding campaign by the Congress and Rahul Gandhi, the speculations hint towards another victory for the BJP in the state. An aggregate of nine exit polls in Gujarat show that the BJP is expected to secure 162 seats, while 65 seats may be secured by the Congress.
If your son makes friendship with the difficult and longtime enemies of your own family/clan then how do you describe him and how do you feel about your future? Will it not be likely to open the door to countless tragedies? But in India, such thing is now being openly celebrated. For past couple of years or more the political leaders of certain parties have been taking the wrong step forward in having closed-door meetings with the leaders of Pakistan/China. What transpires among themselves is obviously against the present government and the nation’s fundamental ethos. Those leaders have often been heard to be sympathetic towards the terrorists or those who “roar against the nation” or against its patriotic values. Yes, those leaders jump forward to defend them who wreak havoc with the “peaceful citizens”. Some leaders are apologetic that certain NGOs/media/religious bodies should not be harassed in the name of fighting the terrorists and ISIS. This is how country’s leaders defend the dangerous postures of dangerous outfits. Will this trend not invite greater troubles to the nation in future?
One wonders how the apex judiciary of the country just allow the political parties to pour out their pent-up anger before the leaders of neighbouring countries who are always aggressively in the combative mood. Why is the Supreme Court silent on such blatant subversive activities?
Very recently, one senior leader of the national party even scoffed at Prime Minister Modi by calling him a depraved being “Neech”. What are the criteria for one being morally low? Has PM Modi fallen short any standards of the integrity since he works sincerely hard and formulates innovative plans and schemes for the greater welfare of the nation? Well, has he not been constitutionally elected by the people of this country? Why the media is less aggressive and more defensive for those “transgressors” who wield daggers behind the cloak.
Whatsoever be the political dispensation at the center, such open rebellion against the government will not augur well for the nation and its 1.25 billion citizens.
– Salil Gewali is a well-known writer and author of ‘Great minds on India’. Twitter Handle @SGewali
The bomb blast occurred on December 11, 2017 in New York
Akayed Ullah, a Bangladeshi has been suspected the cause for the bomb blast
The suspect has been described as cocky and weird
New York, December 12, 2017: Neighbors described a Bangladeshi man suspected of setting off a bomb Monday near New York’s Times Square as “cocky” and “weird,” but were surprised to hear he was involved in what local authorities called an “attempted terrorist attack.”
The suspect and three other people were injured in the explosion during the morning rush-hour in an underground subway passage about 200 feet from a busy bus terminal in Manhattan, officials said.
Authorities arrested Akayed Ullah, a 27-year-old Brooklyn resident, after he allegedly detonated an improvised explosive device that was strapped to his body, New York Police Commissioner James O’Neill said.
The explosion left Ullah “with burns and wounds to his body” and injured three others, officials said.
“He wasn’t very nice. He was kind of cocky,” Ullah’s longtime neighbor, Alan Butrico, told BenarNews. “He was often blocking my driveway.”
Butrico, owner of a locksmith and hardware in Brooklyn’s Flatlands neighborhood, said he was Ullah’s next-door neighbor for about seven years.
“I would ask him to move the car whenever he was blocking my driveway and he would react like he was giving me a favor,” Butrico said.
But Butrico, who lived in the neighborhood for 27 years, said he was surprised to hear that Ullah, whom he described as a former cab driver and electrician, was involved in a terrorist attack.
“I’m glad he didn’t blow up my store,” Butrico said. “I’m glad he went to Manhattan.”
The bomb exploded at around 7:20 a.m. (local time) in a subway corridor on 42nd Street, between 7th and 8thavenues, police said.
“This device was intentionally detonated by the subject,” O’Neill, the police commissioners, said in a statement posted on the New York Police Department’s (NYPD) Twitter page.
Three people in the immediate area suffered minor injuries and the suspect, who suffered severe burns, was placed in custody and transported to a hospital, O’Neill said. Fire officials said Ullah had burns to his hands and abdomen.
A photo published by the New York Post showed a bearded man crumpled on the ground with his shirt apparently blown off and black soot covering his bare midriff.
“Let’s be also clear this was an attempted terrorist attack. Thank God the perpetrator did not achieve his ultimate goals,” New York City Mayor Bill de Blasio told reporters. “The only injuries we know at this point were minor.”
Kat Mara, who works at a real-estate company near Ullah’s home, said the Bangladeshi suspect was “very aloof.”
“He’s like a loner, like there’s always something in his mind,” Mara, 63, told BenarNews, saying that she often saw Ullah at a bagel store across the street from her office.
“He’s very aloof,” she said. “I would say hello and he wouldn’t say anything. He just seemed a little weird.”
No criminal record in Bangladesh
In Dhaka, the capital of Bangladesh, Police Inspector-General A.K.M. Shahidul Hoque said Ullah had no criminal record in Bangladesh and that he last visited his home country on Sept. 8.
Hoque told the Reuters news service that the information was based on Ullah’s passport number, and said the suspect was from the southern Bangladeshi district of Chittagong.
New York daily newspapers, quoting unnamed law-enforcement sources, said Ullah arrived in the United States from Bangladesh on Sept. 21, 2011 on an F-4 Visa, which is for siblings of American citizens. He is currently a permanent resident, according to officials.
Shamim Ahmad, a spokesman at Bangladesh’s embassy in Washington, did not confirm to BenarNews during a phone interview that Ullah was a Bangladeshi.
Consular officials in New York were awaiting an official report from the NYPD, Ahmad said.
He later on issued a statement saying that the Bangladesh government “is committed to its declared policy of ‘zero tolerance’ against terrorism, and condemns terrorism and violent extremism in all forms or manifestations anywhere in the world, including Monday morning’s incident in New York City.”
“A terrorist is a terrorist irrespective of his or her ethnicity or religion, and must be brought to justice,” the statement said.
Ullah lived with his father, mother and brother and worked as a driver in New York for a few years until his license lapsed in 2015, officials said. Neighbors said he lived with his family on the first floor of a two-story home.
Six weeks, two terrorist incidents
Monday’s bombing occurred nearly six weeks after a deadly terrorist attack in Lower Manhattan.
A man killed eight people and injured a dozen others as he drove a pickup truck down a bicycle path near the World Trade Center on Oct. 31. An officer shot and wounded the suspect.
The U.S. Attorney’s Office said the suspect, identified as a 29-year-old Uzbek, Sayfullo Habibullaevic Saipov, was indicted last month on murder and terror-related charges.
John Miller, the New York Police Department’s deputy commissioner of intelligence and counterterrorism, said authorities had thwarted 26 terrorist plots in New York since Sept. 11, 2001.
“We have prevented a significant number of plots,” Miller told reporters Monday.
“Your intel operations are looking for indicators,” he said. “They don’t have an X-ray for a man’s soul.”
The blast on Monday also happened two months after U.S. authorities accused a 37-year-old Filipino doctor of providing funds to support a foiled plot last year to carry out bombings and shootings in crowded areas in New York City, including the subway system and in Times Square.
Russell Salic, a surgeon, was arrested in April 2017 in the Philippines and is awaiting extradition to the United States. Authorities said those thwarted attacks were to be carried out by the suspects under the name of the extremist group Islamic State during the Muslim holy fasting month of Ramadan last year.
Kazi Nishat Tarana, a Bangladeshi living in New York, told BenarNews she was shocked to hear reports that the suspect in Monday’s explosion could be a Bangladeshi.
“I want to say very clearly, he doesn’t represent Bangladesh,” she said. “The people of our country is peace loving and this man no way is influenced by our great tradition of peace and harmony. We are deeply upset. I hope no Bangladeshi student or immigrant will be judged differently after this incident.”
In Dhaka, Sohaili Ferdous, an assistant inspector general of police, said the department would investigate any possible ties between the latest New York attack and Bangladesh.
“Right now, we cannot give information about him. We have to check with our database whether he had any militant or criminal background,” Ferdous told BenarNews.
Kamran Reza Chowdhury in Dhaka contributed to this report. (BenarNews)