Modi government has pushed economy in dire straits: Congress
New Delhi, Aug 26 : The Congress on Sunday said that the Narendra Modi government had upturned a rising economy and left it in "dire straits" with its "ad hoc and myopic economic policies".
"Dear Arun Jaitley, Congress governments (2004-2104) delivered the highest decadal growth of 8.13 per cent at factor-cost since Independence. Under Modi government, GDP growth in 2017-18 is just 6.7 per cent, which is a four-year low. In July 2018, IMF itself lowered our growth projections," Congress Spokesman Randeep Singh Surjewala said in a series of tweets.
"Jaitley ji should know that Modi government had inherited an economy that was on the upswing. But due to BJP's ad hoc and myopic economic policies -- demonetisation, flawed implementation of GST and tax terrorism -- that momentum was lost," he added.
Surjewala's tweets came in response to a post on social media by Finance Minister Arun Jaitley who said that it was only with NDA coming to power in 2014 that the economy had undergone a transformational change.
In his post, Jaitley said that a comparison of the data released in 2014 and 2018 proved that high inflation, fiscal deficit and current account deficit, besides a standstill in the infrastructure and power sectors, as well as in allocation of natural resources, were some of the failures of the previous UPA government.
"We have come a long way. The last four years have seen a series of reforms, both legislative and otherwise, which have been carried on by the government. The system has been substantially cleaned up and made more transparent," Jaitley posted on Facebook.
However, Surjewala said that certain parameters showed a downward trend in economy and that "no amount of whitewashing" could change those facts.
"Gross Fixed Capital Formation as a percentage of GDP was 34.3 per cent in 2011-12. Even in 2013-14 it was 31.3 per cent. In the last three years, it has remained constant at 28.5 per cent and has impacted growth. No amount of white washing or blog writing can increase that," Surjewala said.
He said that the manner in which the Modi government had sought to "supress the 'back series' of GDP" and attempted to "distort" them through "spins", was now out in the open.
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Karnataka govt formulating civil aviation policy: Minister Patil
Bengaluru (PTI): Karnataka Infrastructure Development Minister M B Patil on Friday said that the state government is formulating a civil aviation policy of its own, covering various aspects of the sector.
He also said that a meeting of public representatives from Ballari, Vijayanagara and Koppal districts will be held soon under Chief Minister Siddaramaiah's chairmanship, regarding the airport in the region, as he stressed that both feasibility and viability should be considered while determining the location for airports.
The minister was replying to a question about Ballari airport, raised by Gangavathi MLA G Janardhana Reddy in the Legislative Assembly.
"We build airports, but after three years they get shut down. The situation is not only in our state, but it is across the country. We don't know the future of district airports. So I met the Union Civil Aviation Minister along with the Chief Minister with a request that the UDAN scheme be extended from three years to five years, and that for the subsequent five years the Centre and the state should jointly support operations in a 50:50 ratio," Patil said.
"The issue is there across the country and they (Centre) are also thinking on these lines...We are also bringing a policy on civil aviation from the Infrastructure Development Department (IDD). Two other states have done it --Madhya Pradesh and Uttar Pradesh. That policy will have things like state's share, bulk amount sought by international airlines, among other things," he said, adding that work is on regarding this policy.
Noting that the proposed Ballari airport should benefit not only Ballari district but also the people of Koppal and Vijayanagara districts, the minister said in this regard, a meeting of public representatives from the three districts will soon be convened under the chairmanship of the chief minister to deliberate on the merits and challenges of the project.
There is little use if an airport becomes inactive after construction. "Keeping this in mind, the Karnataka Industrial Areas Development Board (KIADB) has identified two new sites in Ballari district measuring about 800 acres and 1,200 acres for the proposed airport," he said.
If the airport were to be constructed at the previously identified site in Ballari, it would require the construction of an eight-lane greenfield highway and involve several other issues, the minister said.
"Land acquisition and compensation alone would cost nearly as much as the airport project itself. Therefore, that option is not practically feasible. The matter will ultimately be finalised at the meeting to be held under the chairmanship of the CM," he added.
Stating that airports must be planned with foresight, otherwise, the same mistakes seen in Hubballi, Belagavi and Vijayapura would be repeated, Patil pointed out that the distance between Belagavi and Hubballi airports is only about 70 km.
"If an airport had been constructed at a location between the two districts to serve both regions, it might have been declared an international airport based on passenger traffic," he said.
A similar mistake has been made in Vijayapura as well. "The airport that is now ready for inauguration has been constructed on the Kalaburagi road. If it had been located towards Almatti instead, it would have benefited places such as Badami, Aihole, Pattadakal and Bagalkote, all of which have tourist attractions," he said.
Highlighting that airports located in district and divisional headquarters across the country are facing challenges, the minister said Bidar and Kalaburagi airports are also experiencing difficulties.
"At present, Bidar airport is functioning with the support of the Kalyana Karnataka Region Development Board (KKRDB). There has also been a demand to resume operations at Kalaburagi airport, and steps will be taken in that direction," he added.
