Krishna Byre Gowda takes on Modi Govt; says only 20 lakh jobs created against 5 crores promised jobs
Cong-JD(S) alliance Candidate from Bengaluru North Constituency Krishna Byre Gowda on Sunday slammed Narendra Modi and his government for failing to fulfill his promise of creating two-crore jobs every year which he made during previous elections.
“Modi had promised of creating two-crore jobs every year during the previous elections. By now he should’ve created 10 crore jobs in the country, but unfortunately only 20 lakh jobs were created during his five-year tenure” he was addressing a election campaign organised by the leaders of JD(S) and Congress near the office of Dasarahalli MLA R Manjunath here in Dasarahalli.
Krishna Byre Gowda added “Modi who asks the youth to make ‘Pakodas’ has also hiked the prices of gas cylinders from Rs. 400 to Rs. 1000/- making the lives of common man more miserable” he said while adding that Modi who calls himself a ‘Chowkidar’ (watchman) must have been able to save the soldiers who died in Pulwama, if he was the Chowkidar in true sense.
“Hundreds of small businesses lost its ground by the move of Prime Minister" he said while speaking of demonetization.
“Pakistan was defeated in war in the past as well. 92000 soldiers of Pakistan surrendered to Indian Army during the term of Indira Gandhi, but neither she nor the Congress party ever used it for political gains. Modi having lost his mind to win the elections has used the sacrifices made by our armed forces to get political mileage” he further added.
Seeking support from the voters he said “I have been selected to contest from this seat, so I need your blessing in the face of votes. Earlier, former PM HD Devegowda was to contest from the seat, but the alliance leader zeroed in on me”.
Dasarahalli MLA R Manjunath also spoke at the campaign rally and said that no BJP leader in the state stands eligible for seeking vote on the basis of his performance and development and instead, they were relying on the Modi’s name to seek votes. He said “Many people in the state and in the constituency don’t know the fact that DV Sadanand Gowda was a union minister. Such miserable has been their connect with the people. So there is no point in voting him back once again this time”.
Congress leader Dr BL Shankar and former MP C Narayanaswamy were also present at the event along with several leaders of JD(S) and Congress.
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China's exports rose higher than expected 8% in April as new US tariffs took effect
Beijing (AP): China's exports rose 8.1% in April from the year before, the government said Friday, faster than economists were expecting, though exports to the United States sank more than 20%.
Economists had forecast that China's global exports would grow about 2% in April, down from a whopping 12.4% year-on-year increase in March. Imports fell 0.2% in April from the year before.
The data were released a day before US Treasury Secretary Scott Bessent and other top US officials were due to meet with Beijing's lead trade envoy, He Lifeng. The plans for talks in Geneva, Switzerland, could bring a shift in the stalemate over President Donald Trump's hikes in tariffs on Chinese good to as much as 145%.
But the world's two biggest economies are at odds over a raft of issues, including colliding strategic interests that will likely impede progress in the talks.
Some of the punitive tariffs, including Beijing's retaliatory 125% tariffs on U.S. exports, could be rolled back, but a full reversal is unlikely, Zichun Huang of Capital Economics said in a report.
“This means China's exports to the U.S. are set for further declines over the coming months, not all of which will be offset by increased trade with other countries. We still expect export growth to turn negative later this year,” Huang said.
China's politically sensitive trade surplus with the United States was nearly $20.5 billion in April, down from about $27.2 billion a year earlier. In the first four months of the year, China's exports to the United States fell 2.5% from a year earlier, while imports from the U.S. fell 4.7%.
Preliminary data also show that U.S. imports from other countries not subject to US President Donald Trump's 145% tariff on Chinese products have been rising quickly.
Exports to the United States form just a part of China's trade, and exports to the rest of the world have helped offset that weakness. Exports to Southeast Asian countries were up 11.5% from a year earlier in the first four months of this year. Exports to Latin America also climbed 11.5%. Shipments to India jumped nearly 16% by value, and exports to Africa surged 15%.
Some of the fastest growth was in Asia, reflecting moves by Chinese and other manufacturers to diversify their supply chains outside of the Chinese mainland.
Exports to Vietnam jumped 18% year-on-year, while exports to Thailand were up 20%.
Measured on a monthly basis, China's total exports rose just 0.6% in April, while imports increased by nearly 4% from March.
