Thursday March 21, 2019
Home India As The Electi...

As The Election Nears, India’s Opposition Promises Several Economic Steps

Modi said at the Delhi convention that the opposition was working on a "desperate alliance," while the BJP would give a "strong government."

0
//
Rahul Gandhi, Election
Rahul Gandhi, president of India's main opposition Congress Party, speaks at a rally ahead of October's 150th birth anniversary of Mahatma Gandhi, in Dubai, United Arab Emirates, Jan. 11, 2019. VOA

India’s main opposition Congress Party will simplify the goods and services tax (GST) and make “rational economic decisions” to attract foreign investment if voted back to power in a general election due by May, leader Rahul Gandhi said Saturday.

Launched in 2017, the GST was initially hailed as Prime Minister Narendra Modi’s biggest economic reform as it replaced more than a dozen federal and state levies and unified Asia’s third-largest economy.

But its chaotic implementation and complexities — months after a shock ban by Modi on high-value bank currency aimed at unearthing untaxed wealth — badly hurt small businesses and led to millions of job losses in the cash-driven economy, presenting the biggest challenge to Modi’s re-election chances.

India,India, elections, BJP
India’s Congress party President Rahul Gandhi displays documents in New Delhi, India. VOA

 

Gandhi, scion of India’s Nehru-Gandhi dynasty, said during a visit to Dubai that foreign investment was at a multiyear low in India because of the “ill-advised and badly thought out economic moves” such as the currency ban and a “poorly designed GST.”

Quick growth promised

“We will take some rational economic decisions,” he told a press conference, which was broadcast live on Twitter. “We will restructure the GST and we will embrace investments from the Middle East and other parts of the world. We are the party of [India’s economic] liberalization; we are the party that gave the fastest economic growth in the first decade of the century, and will do that again.”

He said his main priority would be to create jobs, simplify the GST, rebuild confidence in institutions such as the Reserve Bank of India — whose governor resigned recently after a fight over autonomy with the government, and the Supreme Court.

Modi, election
Indian Prime Minister Narendra Modi, center, is garlanded by BJP leaders on the first day of the two-day Bharatiya Janata Party national convention in New Delhi, Jan. 11, 2019. VOA

 

Four Supreme Court judges held a rare press conference early last year, saying that “unless this institution is preserved and it maintains its equanimity, democracy will not survive in this country.”

Modi told a BJP convention in New Delhi on Saturday that for Congress “every institution was wrong and only they were right.”

The Congress press conference was organized by the Indian Overseas Congress, which is present in about 35 countries, as Gandhi tries to reach out to rich Indians living abroad for funds and social media support for the party that has dominated the country’s politics for decades before being nearly decimated in the last general election in 2014 by Modi.

But back home, Gandhi received a jolt when bitter rivals, the Bahujan Samaj Party (BSP) and the Samajwadi Party (SP), announced an election tie-up without Congress in Uttar Pradesh state, which sends the highest number of lawmakers to the lower house of parliament.

Narendra Modi, India, election
Elaborate preparations for PM’s election rally. VOA

“The BSP and SP have made a political decision,” Gandhi said. “It’s on us on how to strengthen the Congress Party in Uttar Pradesh and we will fight with our full capacity. Whether we do or their alliance does, the BJP is not winning there.”

Also Read:China, India Keen on Joint Ventures For e-vehicles

Modi said at the Delhi convention that the opposition was working on a “desperate alliance,” while the BJP would give a “strong government.”

The Hindu nationalist BJP lost power in three key states recently, forcing the government to announce a flurry of measures to woo small businesses and the less well-off since then. (VOA)

Next Story

Report Claims, As Many As 1 Billion Indians Live in Areas of Water Scarcity

The report also highlighted that India uses the largest amount of groundwater -- 24 per cent of the global total and the country is the third largest exporter of groundwater -- 12 per cent of the global total.

0
water
Global groundwater depletion - where the amount of water taken from aquifers exceeds the amount that is restored naturally - increased by 22 per cent between 2000 and 2010, said the report, adding that India's rate of groundwater depletion increased by 23 per cent during the same period. Pixabay

As many as one billion people in India live in areas of physical water scarcity, of which 600 million are in areas of high to extreme water stress, according to a new report.

Globally, close to four billion people live in water-scarce areas, where, for at least part of the year, demand exceeds supply, said the report by non-profit organisation WaterAid.

This number is expected to go up to five billion by 2050, said the report titled “Beneath the Surface: The State of the World’s Water 2019”, released to mark World Water Day on March 22.

water
Pure water droplet. Pixabay

Physical water scarcity is getting worse, exacerbated by growing demand on water resources and and by climate and population changes.

By 2040 it is predicted that 33 countries are likely to face extremely high water stress – including 15 in the Middle East, most of Northern Africa, Pakistan, Turkey, Afghanistan and Spain. Many – including India, China, Southern Africa, USA and Australia – will face high water stress.

water
Globally, close to four billion people live in water-scarce areas, where, for at least part of the year, demand exceeds supply, said the report by non-profit organisation WaterAid. Pixabay

Global groundwater depletion – where the amount of water taken from aquifers exceeds the amount that is restored naturally – increased by 22 per cent between 2000 and 2010, said the report, adding that India’s rate of groundwater depletion increased by 23 per cent during the same period.

Also Read: Beware! Sipping Hot Tea Raises Risk of Esophageal Cancer

The report also highlighted that India uses the largest amount of groundwater — 24 per cent of the global total and the country is the third largest exporter of groundwater — 12 per cent of the global total.

The WaterAid report warned that food and clothing imported by wealthy Western countries are making it harder for many poor and marginalised communities to get a daily clean water supply as high-income countries buy products with considerable “water footprints” – the amount of water used in production — from water-scarce countries. (IANS)