CWC expresses concern over economy, tax terrorism, unemployment
New Delhi, Aug 4 : The Congress Working Committee (CWC) on Saturday expressed concern over the poor state of economy, 'tax terrorism' and unemployment, noting that agrarian distress has become a hallmark of the Modi government.
"CWC noted with anguish over the poor state of economy and tax terrorism that prevails today in the country. Government has discovered the virtues of pre-liberalised regime moving towards a system of tax terrorism control and ‘licence raj'.
"Gross Fixed Capital Formation, the biggest indicator of fresh investment, has fallen from 31 per cent to 28.5 per cent. Index of industrial production continues to hover around 3.2 per cent," said Congress spokesperson Randeep Singh Surjewala.
"Credit growth is dismal with MSMEs experiencing negative credit flow. NPAs of banks have risen to an alarming high figure of 11.6 per cent in 2018 and have been assessed at Rs. 10.30 lakh crore.
"FDI and new projects are declining. In industrial hubs across the country, MSMEs are shutting down leading to loss of jobs. Rupee is on a downward spiral getting devalued from Rs.64 to Rs.69.50 in less than six months. A myopic Modi government has no control or vision to kick start the economy," he added.
Surjewala said that Congress President Rahul Gandhi and CWC expressed deep concern on the state of joblessness.
He said CWC also noted that Modi-made disaster of demonitisation and ill-implemented GST has led to severe job losses.
"The government is shying away from releasing the Labour Bureau Survey figures for December, 2017. As Prime Minister Narendra Modi's promise of creating 2 crore jobs a year fails, it is regrettable that he exhorts the youth to sell 'pakoras' and 'pans' instead of creating real jobs," said Surjewala.
CWC also noted that agrarian distress has become a hallmark of Modi government.
"PM Modi promised ‘Cost+50 per cent profit' on MSP, but it has proved to be a ‘jumla'. The latest increase in MSP of crops doesn't confirm it as per the report of CACP 2018. The declared MSP being given to farmers in mandis, where crop is selling at rates ranging from 27 per cent to 42 per cent, is below the declared MSP," said Surjewala.
"PM Fasal Beema Yojna has profiteered the insurance companies with Rs.14,800 crore leaving the farmers to a pittance of compensation claim of Rs.5,600 crore.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Maharashtra polls: Nominations of 7,994 candidates across 288 assembly seats found valid
Mumbai (PTI): The nomination papers of 7,994 candidates filed across the 288 assembly constituencies in Maharashtra, where polling will take place on November 20, were found valid after scrutiny, election officials have said.
On the other hand, the nomination papers of 921 candidates were found invalid, the office of the state Chief Electoral Officer (CEO) said in a statement on Thursday.
The process of filing nominations by candidates began on October 22 and ended on October 29.
The papers submitted by contestants were scrutinised on October 30, while the last date for withdrawal of candidatures is November 4.
Polling for the 288-member state assembly will be held on November 20 and results will be declared on November 23.
The ruling Mahayuti alliance, consisting of the BJP, Shiv Sena and NCP, and the opposition Maha Vikas Aghadi, comprising the Congress, Shiv Sena (UBT) and NCP (Sharadchandra Pawar), are the main contenders for power though smaller parties and independents are also in the poll fray.
