'Appalled' by FM Nirmala Sitharaman's conduct with Collector: Telangana Minister K T Rama Rao
Hyderabad, Sep. 3: Telangana Minister K T Rama Rao has expressed shock over Union Finance Minister Nirmala Sitharaman reprimanding a District Collector for being unable to provide her an answer to what was the Centre and State's share of rice supplied through fair price shops, and said such conduct of people holding high offices will only 'demoralise hardworking AIS officers.'
Rama Rao, in a tweet on Friday night, said, I am appalled by the unruly conduct of FM @nsitharaman today with District Magistrate/Collector of Kamareddy.
These political histrionics on the street will only demoralise hardworking AIS officers."
"My compliments to @Collector_KMR Jitesh V Patil, IAS on his dignified conduct," he tweeted.
During the inspection of a PDS ration shop in Birkoor, the Union Minister had also asked Jitesh Patil as to why the picture of Prime Minister Narendra Modi was missing there.
She said since March-April 2020, the Centre has been providing rice priced at Rs 30-Rs 35 free of cost without the State government and the beneficiaries having to contribute anything.
Sitharaman was in the state attending various programmes in Zaheerabad Parliamentary Constituency as part of BJP's 'Lok Sabha PravasYojana'.
I am appalled by the unruly conduct of FM @nsitharaman today with District Magistrate/Collector of Kamareddy
— KTR (@KTRTRS) September 2, 2022
These political histrionics on the street will only demoralise hardworking AIS officers
My compliments to @Collector_KMR Jitesh V Patil, IAS on his dignified conduct 👏
Shocked at the petty behavior of Union Minister @nsitharaman Ji on Kamareddy District Collector. She lecturing the District Collector on Union Government funds Vs State Government funds in front of a ration (PDS) shop is unprecedented in Indian history!
— Konatham Dileep (@KonathamDileep) September 2, 2022
1/n pic.twitter.com/SYfV1mUUA4
- Under PMGKAY, entire cost on 5kg foodgrains given free is borne by Modi Govt
— NSitharamanOffice (@nsitharamanoffc) September 2, 2022
- Under NFSA, more than 80% of cost of foodgrains is borne by the Modi Govt
Is there any objection to poster/banner of PM Modi being displayed at ration shops?
- Smt @nsitharaman. @BJP4Telangana pic.twitter.com/2Kb0SSRLwZ
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Nifty valuation decent and reasonable; markets may see some small correction: Union Minister Goyal
Mumbai, Mar 1 (PTI): After some sell-off during the week, Union Minister Piyush Goyal on Saturday opined that the 50-share benchmark Nifty's valuation is decent and reasonable.
Goyal, who oversees the commerce and industry portfolio, said that there can be some more correction in the offing for the Indian markets.
A forward price-to-earnings ratio of 19 makes the Nifty valuations "decent" and "reasonable".
"Some of them (Nifty stocks) may have seen some downfall, but by and large the Nifty still reflects decent valuations," Goyal said, speaking at an event organised by mutual fund industry's lobby grouping Amfi here.
"At a P/E ratio of 19 for a developing nation which is the fastest growing country, it (valuation) is still reasonable - some small correction here or there may still happen," he added.
Goyal said that the ongoing correction in the markets should serve as a wake-up call for the ones who have not advised the small investors properly, and asked Amfi to ensure that it isolates those who have given bad advice to clients.
He also suggested that MFs should not give up on their duty and commitment to the larger market, and not concentrate on the returns alone.
Goyal, a chartered accountant, said the last 2-3 years have been a period of crazy growth in the market where the prices of a lot of stocks were driven by a compulsion of the market to deploy funds that they were receiving, and also the fear of missing out.
All the stakeholders have to reflect on the happenings in the recent past, he said, stressing that we cannot ignore the perils of the investment culture we have seen developing in some parts of the market.
He seemed to be particularly concerned with the activity in smaller companies and wondered how an auto dealer commanded huge valuations recently.
Without taking names, Goyal said a free trade agreement with one country is "almost done" and two more are chasing the government for a similar pact.
Earlier in the day, speaking at the Mumbai Tech Week, he said AI was used during the discussions on an FTA with the European Commission.
He also said that the fledgling AI field doesn't require an "industry status".
"The ghost of the industry tag has become very outdated," he said, adding that if you get the industry status, one can call inspectors to private houses.
