Tag: Union

State of the Union 2023: What to know ahead of Biden’s speech

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Since the speech is delivered during a joint session of Congress, all members of the House and Senate are invited – though not required – to attend. Last year, several GOP lawmakers boycotted the event because of the coronavirus testing requirement. And in 2020, a number of Democrats did not attend former President Donald Trump’s speech as he faced an impeachment vote in the Senate.
The president and first lady Jill Biden can invite family members and other guests, who sit with the first lady in her box in the balcony. The White House has yet to announce who will attend, but guests will likely help the president highlight some of the points in his speech. Last year’s guests included the Ukrainian ambassador to the U.S., Oksana Markarova, and Biden’s sister, Valerie Biden Owens.
Members of Congress can also invite guests this year, after coronavirus protocols prevented them from doing so last year. Rep. Steven Horsford (D-Nev.), the chair of the Congressional Black Caucus, invited RowVaughn and Rodney Wells, the mother and stepfather of Tyree Nichols, the Black man who was beaten to death by Memphis police officers earlier this month. And CNN has reported that Rep. Mike McCaul (R-Texas) will bring Roya Rahmani, former Afghanistan ambassador to the U.S., as his guest to draw attention to Biden’s controversial withdrawal of troops from the country.
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( With inputs from : www.politico.com )

February 5, 2023
Union Budget paid special attention to middle class, poor, farmers: Sushil Modi

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Jaipur: BJP Rajya Sabha MP Sushil Modi Sunday said the Union Budget has paid special attention to the middle class, the poor, farmers, self-reliant youth and tribes.
Today, India, with foreign exchange of Rs 563 lakh crore, has become the fifth largest economy in the world, he told reporters at a press conference here.
About the Centre’s decision to celebrate 2023 as the “International Year of Millets”, the former deputy chief minister of Bihar said the grain will not only become a source of nutrition for the people but also increase employment opportunities as well as exports.
The aim of celebrating 2023 as the “International Year of Millets” is to make it a people’s movement so that Indian millets, recipes and value-added products are promoted globally.
Recounting the benefits of several Centre-run schemes, Sushil Modi said that more than 3 crore homeless people in the country have been provided housing facilities and 47 crore got support through Jan Dhan account, which is commendable and a milestone.
Modi said a budget of Rs 5.94 lakh crore has been allocated for security measures, Rs 1.25 lakh crore for farmers’ welfare and Rs 2.50 lakh crore for railways.
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( With inputs from www.siasat.com )

February 5, 2023
Flexing his wins and eyeing a 2nd term, Biden will lay out contrasts with GOP in State of the Union

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Though Biden won’t mention them by name, aides believe the presence of newly prominent House Republicans in the chamber will underscore his arguments. A year ago, Reps. Marjorie Taylor Greene (R-Ga.) and Lauren Boebert (R-Colo.) heckled Biden during his speech, and photographs of their shouting went viral. White House aides privately admit that they wouldn’t mind that happening again this time, creating a contrast between rabble-rousing in the crowd and steady leadership on the dais.
“The theme of a State of the Union is always ‘Who are we, who do want to be? What do we stand for, what do we want to believe?’” said Jen Psaki, Biden’s former press secretary. “That is not to ignore or deny huge problems in the country but to say ‘I will work with people to take them on.’”
But the subtext of the address will not be the lawmakers in the seats but the campaign ahead. Biden has not yet declared his candidacy but the State of the Union could very well double as a soft launch for a 2024 bid. The president has said he intends to stand for re-election, though some of his closest advisers caution that a final decision has not yet been made. In somewhat classic Biden fashion, the timeline for an announcement has shifted, according to four people familiar with the decision.
Originally pegged to March or April, in part for fundraising purposes, there had been talk of moving an announcement up to late February. That now may have slipped again as the White House grapples with the appointment of a special counsel to investigate the discovery of mishandled classified documents at Biden’s Delaware home and former office.
Biden advisers have downplayed the impact of the discovery — pointing to his unchanged approval rating in the face of the controversy. They believe the Democrats’ triumphs in November squelched any talk of an intra-party challenger and bought the 80-year-old president time to make his decision.
Still, Biden faces challenges heading into Tuesday’s address.
A divided Washington and a growing array of challenges could define his presidency in the months ahead. House Republicans are ramping up their investigations. The battle for Ukraine continues to rage. And in just the last fortnight, the nation has been left reeling by video of a brutal deadly assault of a Black man at the hands of police.
Biden is expected to rally Americans on Tuesday with the notion that the nation is at an inflection point as it emerges from the COVID pandemic and the trials put forth by Donald Trump’s time in office.

A year ago, Biden delivered his first State of the Union just days after Vladimir Putin sent his Russian forces over the Ukrainian border. The fate of Kyiv hung in the balance and Biden used a sweeping portion of his speech to argue that the defense of Ukraine was a defense of democracies around the globe.
Now, the case will be different. Ukraine has shown remarkable resilience, repelling much of Russia’s aggression, but the war has settled into a grinding slog with Kyiv clamoring for more weapons to defend itself for months if not years. Biden, aides said, will outline to the public why continued, sustained American involvement is needed. He will urge Republicans to ignore the voices in their own party who want to curtail funding to Ukraine.
Another standoff with Republicans will also be central to Biden’s pitch: the need to lift the nation’s debt ceiling. He will make clear that he will not negotiate on the country’s fiscal future, connecting it to his stewardship of the economy. Though inflation remains high, it has begun to cool, and the president is expected to point to historically low unemployment, strong jobs numbers and a growing feeling among economists that the nation could avoid a recession.
“There should be a focus on tone: be firm without [being] combative,” said Kevin Madden, a Republican strategist who was a senior adviser on Mitt Romney’s 2012 presidential campaign. “And there has to be an acknowledgment of the pain inflation has caused. It can’t just be ‘happy talk’ about what they’ve done on the economy. You run the risk of looking out of touch.”
Any State of the Union is of the moment, and reflective of the challenges facing the country when it is delivered. In recent days, Biden aides have inserted sections into the speech on the collective traumas suffered by the nation last month.
In the wake of several mass shootings, including two in California just days apart, Biden will again call for a ban on assault weapons, an idea that has little chance of receiving Republican support. And he will likely mourn with the nation over Tyre Nichols, a Black man who died at the hands of Memphis police officers last month, trying to thread the needle of showing support for law enforcement while also advocating for police reform.
Even if some legislation — like the George Floyd Policing Bill and the assault weapons ban — have little chance of becoming law, there is still value in the president proposing something that polls show is popular with most Americans, aides said.
Some of Biden’s speech will be backward-looking, reflecting the political reality of a divided Congress unlikely to pass meaningful legislation against a backdrop of GOP probes into the president’s administration and family. But White House aides believe that could be to their advantage, allowing the president to blame the GOP for gridlock while he can extoll the accomplishments of the last two years.
One example will be infrastructure. Aides plan for Biden to highlight the projects underway thanks to the $1 trillion in federal funding and point to last week’s schedule — the president visited one project in Baltimore and another in New York City — as a preview of the year ahead. Biden will start criss-crossing the country to tout work funded by his administration, beginning with a post-speech barnstorming tour across the Midwest later this week.
The president, always deliberative, will consider his political future by making more rounds of calls to his longtime allies, talking through themes and timing, pushed by a belief that he remains the one Democrat who could defeat Trump. Most close to Biden believe that, soon enough, an official campaign will begin in earnest.
“He should focus attention on … big legislative achievements, the national pandemic emergency ending, the economy stabilizing and still growing, and how the midterms went very well for his party,” said Julian Zelizer, a presidential historian at Princeton University. “If this was any other president, without the age issues or concerns about what the Republican campaign might look like, this would be a message to launch 2024.”
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( With inputs from : www.politico.com )

February 5, 2023
Telangana, Maha best in donor organ transplants: Union
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Hyderabad: The Union minister of state for Health and Family Welfare, Bharathi Pravin Pawar said that Telangana and Maharashtra were the best-performing states in the country in terms of the number of ‘Deceased Donor Organ Transplantations’ in 2021 and 2022, respectively.
She said this as a response to a question in Lok Sabha by Vellore MP DM Kathir Anand, where the Union minister also said Tamil Nadu was one of the active states in taking up the programme.
While underlining the steps taken by the Centre to facilitate the cadaver and live organ transplants for deserving patients in the country, she said the government was taking up several steps to increase awareness of organ donation.
Steps taken
Dissemination of information by the National Organ and Tissue Transplant Organisation (NOTTO)
Regional Organ and Tissue Transplant Organisation (ROTTO)
State Organ and Tissue Transplant Organisation (SOTTO)
A website and a 24×7 call centre with a toll-free helpline number (1800114770) to provide information.
Tele-counselling for help in the coordination of organ donation.
Telangana government, in order to strengthen infrastructure for conducting organ transplants, has released Rs 35 crore to construct a state-of-the-art multi-organ transplantation centre at Gandhi Hospital in Hyderabad.
Telangana government is also using choppers to transport donated organs of brain-dead patients from district hospitals to teaching hospitals in Hyderabad while pushing for more organ transplant surgeries in government hospitals.
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( With inputs from www.siasat.com )
February 4, 2023
Hyderabad: Rs 600 crore from Union Budget given for MMTS phase II works

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Hyderabad: Rs 600 crores were allocated from the Union Budget, under its railway budget share to expedite works for the MMTS phase II project.
The cost of this phase project has been revised to over Rs 1,100 crore. In the budget, Rs 600 crore was allotted for the MMTS phase II project, which was sanctioned in 2012-13, with an estimated cost of Rs 817 crore.
The work on this project had been delayed due to the non-availability of funds with the state government releasing Rs 279 crore, as its share of the total cost, and another Rs 417 crore is reportedly still pending.
However, the works that have already been completed include those on the Ramachandrapuram stretch, 14 km between Medchal and Bolarum, Moula Ali-Ghatkesar quadrupling (12.2 km), Falaknuma-Umdanagar doubling (13.5 km).
Works are currently underway in two more sections that include Sanath Nagar to Moula Ali doubling with electrification, and Moula Ali – Malkajgiri – Sitafalmandi doubling with electrification.
Railway minister Ashwini Vaishnaw said, “We have allocated more funds to expedite this project.”
Doubling and electrification have been completed in MMTS services on the Secunderabad-Medchal section, which was kept pending for a long time.

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( With inputs from www.siasat.com )

February 4, 2023
Sitharaman briefs BJP MPs about key features of Union Budget

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New Delhi: Finance Minister Nirmala Sitharaman on Friday briefed BJP MPs about key features of the Union Budget for 2023-24 and said it is an inclusive budget with benefits for the middle class, women and the elderly, sources said.
During the interaction, the maximum number of queries from BJP MPs were about the new and old tax regimes.
Sitharaman explained the taxation structures in detail, they said.
She also asked her party MPs to explain to people the tax regimes and other key features of the Union Budget, the sources said.
The interaction was part of the BJP’s mega outreach programme to explain key features of the Union Budget to people across the country.
The BJP has planned discussions and press conferences across the country on the Union Budget.
Sitharaman presented the Union Budget for 2023-24 in Parliament on Wednesday.

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( With inputs from www.siasat.com )

February 3, 2023
Progressive Rep. Delia Ramirez set to give State of the Union response

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Ramirez said Sanders’ selection marked a doubling down of Republican “extremism,” pointing to her record as White House press secretary defending President Donald Trump and as a conservative governor.
“That gives Democrats an opportunity — if we can seize it,” Ramirez added.
The progressive minor party has offered responses to the presidential speech in recent years, with appearances by high-profile liberals generating more interest in the alternate address. Reps. Rashida Tlaib (D-Mich.) and Jamaal Bowman (D-N.Y.), both members of the progressive “squad,” gave the response to Biden’s speeches in 2022 and 2021, respectively.
Ramirez, who represents a heavily Latino district in the Chicago area, also plans to address concerns that Democrats need to do more to win over working-class Latino voters.
“Delia will be laying out a vision for how Democrats can win working-class voters of all races and nationalities, by fighting for a government that has working people’s backs,” said Rep. Greg Casar (D-Texas), a Working Families Party colleague.
She’s also going to urge the Biden administration to take executive action on liberal priorities like drug pricing and raising a threshold to make more workers eligible for overtime pay. Republican control of the House and the tiny Democratic majority in the Senate is likely to stymie most attempts to pass progressive-oriented policy this Congress.
Last year, Tlaib’s response, which had drawn a contrast with Biden’s remarks, had drawn criticism from other Democrats who saw her message as undercutting the president. This year’s speech could strike a conciliatory tone.
“We want to make a contribution — productive, in coalition, with the president to ensure that Democrats focus on the issues of working people,” Maurice Mitchell, national director of the Working Families Party, said in an interview ahead of the speech.

In addition to the response from the opposing party, last year’s State of the Union also drew a Congressional Black Caucus response and one with a “bipartisan perspective” for the centrist group No Labels. Neither group has announced a speech yet this year.
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( With inputs from : www.politico.com )

February 3, 2023
Will the Union Budget impact your life style?

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Delhi: The 2023-2024 Union Budget was announced and what impact will it make on your life and style in the coming year? While some industries had favourable results that will spur the growth of the sector, others were rather underwhelmed.
Experts in the field expresses their thoughts to IANSlife…
Eating out?
The F&b industry benefits from the personal tax relief measures outlined in the budget. Commenting on the same, Merrill Pereyra, Managing Director, Pizza Hut India Subcontinent said, “The Food Services industry relies heavily on discretionary spending and therefore stands to gain from the personal tax relief measures announced in the budget, which will further catalyze consumption. The focus on domestic tourism will also cascade positively across our sector, by opening up new markets and allowing for greater expansion, especially in unpenetrated locations.”
While on the other hand, Debaditya Chaudhury, Managing Director of Chowman, Oudh 1590 & Chapter 2 expresses disappointment stating, “I think it’s a little disheartening for the food and beverage industry, that there was no mention of any relief or support for us in the Union Budget 2023-24 declaration. This year, we were hoping for extended moratoriums on interest payable and reduced tax structure to help us regain our balance sheet’s health. Sadly, the government has ignored us even though the industry has been resilient and has recovered from the pandemic on its own. While other sectors are laying people off, the F&B industry has been generating jobs, adding to the GST credit without even any input credit.”
Your next adventure
A growth-oriented aimed to help India weather the current global economic challenges says Sarbendra Sarkar, Founder & MD, Cygnett Hotels and Resorts. “With the Finance Minister announcing plans to renew 50 additional airports, helipads, water aero drones, and advanced landing grounds, it will boost regional connectivity. Moreover, the announcement to develop 50 destinations for domestic and international tourists will also help to draw attention to the country’s tourism and hospitality sectors. The Finance Minister said that these tourist destinations will be selected through challenge mode. The impetus on Dekho Apna Desh will provide a further boost to the growth of domestic tourism in the country. The Finance Minister also highlighted that states will be encouraged to set up a “Unity Mall” in the capital city or most popular tourist destination for the promotion of the ‘One District, One product’ theme. Such initiatives will also help unleash the potential taped in the tourism sector.”
Paritosh Ladhani, Joint Managing Director, Sincere Developers, which owns Taj Hotel and Convention Centre Agra said, “The Union Budget 2023-2024 presented by the finance minister highlighted that the Indian economy is on a growth trajectory in spite of the global economic challenges. In her Budget speech, the FM emphasized that the country offers “immense attraction” for both domestic and international tourists. With the government announcing that states will be encouraged to set up a “Unity Mall” in the capital city or most popular tourist destination for the promotion of the ‘One District, one product’ theme, such initiatives will help to unleash the potential vested in the tourism sector. I also expect that the change in tax regime announced in the Union Budget will result in more disposable income in the hands of middle-class consumers – which I expect ultimately will spur consumption in activities like travel. Regional connectivity will see a boost with the plans to renew 50 additional airports, helipads, water aero drones, and advanced landing grounds.”

“The government’s focus on tourism in the budget by giving it a top priority is commendable. The allocation of resources highlights the importance placed on boosting employment through the tourism sector,” said Asif Fazlani, Managing Director, of Fazlani Nature’s Nest. “The budget demonstrates the government’s commitment to the holistic development of the industry. The plan to develop 50 tourist destinations for both domestic and international tourists will revolutionize the tourism industry in India.”
About the provisions of the tourism industry in the Union Budget 2023-2024 Priya Thakur, founder, Larisa Hotels and Resorts said, “We are very pleased to see that the Union Budget for 2023-2024 includes funding for the development of tourist sites in India for both domestic and foreign visitors. With LaRiSa’s strong presence in popular tourist areas like Goa, Manali, Shimla, and Mussoorie, we hope to see an increase in travelers. With a boost in infrastructure and enhanced air connectivity, we hope to welcome guests from varied locations. LarRiSa has always supported and endorsed the spirit of uplifting the local community. With the promotion of local tourist spots and spaces, it will not only result in the upliftment of these cities but will also provide more jobs and opportunities for the locals all around the year.”
Sandeep Arora, Director of Brightsun Travel India added, “Indian economy is expected to increase by 7 per cent in the year 2023 and tourism is one of the major areas that contribute to it. Development of tourist infrastructure is the need of the hour so the announcement that 50 tourist destinations will be developed for domestic and international tourism is a positive step. Plus, the border village tourism initiative will bring tourists to these far corners helping the local communities earn livelihood and prosper. This year’s budget also saw the highest-ever capital outlay of 2.5 crores for the railways which may provide the push needed for the growth of domestic tourism in the country. Air travel is also expected to rise. Specific focus is needed for the tourism industry to rebound back to pre-pandemic levels and we hope that these initiatives will provide much awaited-relief to the Indian tourism sector.”
All those gems
The budget for Gems and Jewellery now has more room for discretionary spending, increasing consumer purchasing power. Amit Pratihari, Vice President, De Beers Forevermark said, “For natural diamonds, we’ve seen an encouraging trend over the past few months where consumers are purchasing items that hold meaning and value. Natural diamonds continue to be sought after due to their inherent preciousness. Pricing has also remained steady, and we are optimistic it will become stronger. As customers continue to value what is natural and genuine, diamonds will always be in demand.”
“Gem & Jewellery Export Promotion Council (GJEPC) applauds the pro-reform and export growth-oriented budget by Hon. Finance Minister… In the first Budget of Amritkaal, Hon. Finance Minister has listed 7 priorities as she outlined people-centric agenda of ease of living and doing business to take on global challenges as well as for stimulating exports… GJEPC welcomes the reduction of Customs Duty on LGD seeds to zero from 5 per cent. It will ensure India’s end-to-end world leadership in rough-to-finished lab-grown diamond and jewelry manufacturing. In addition to that government. has also accepted to have clear segregation Customs (IT HS) codes for Silver and Platinum studded Lab grown jewelry for better differentiation and identification at the consumer level,” added Vipul Shah, Chairman, GJEPC.
Hot Wheels
“The Union Budget 2023-2024 announced by Finance Minister Nirmala Sitharaman is progressive, prudent, and growth-led, with an eye to providing impetus on the savings of the public,” said Banwari Lal Sharma, CEO, of Consumer Business, CarTrade Tech Ltd. “It is a ‘green budget’ for the automotive and mobility sectors. The sustainability measures taken through announcements on green hydrogen and other energy sectors will help in furthering the government’s target of carbon neutrality by 2070. The increased Capex outlay on energy transition is likely to spur investments and skill development in a green economy. The viability gap funding for battery energy storage systems is also likely to create critical infrastructure, while custom duty reduction on capital goods for Lithium batteries manufacturing will facilitate faster adoption of EVs. An increase in spending on infrastructure, the setting up of 50 new airports and heliports, and the creation of 100 transport infrastructure projects are welcome moves, in addition to the central support for replacing old vehicles. All of these should drive consumption and overall demand of vehicles.”
Tech And E-Commerce
Abhijit Bhattacharya, Founder & CBO, OneGreen said, “The Union Budget has sent the right signal to investors, businesses, and citizens that green growth is a priority for India. At OneGreen, we are extremely thrilled with the government’s focus on the environment and ensuring that people switch to a more sustainable way of life for without this, the health and wellness of the nation in its truest sense can never be achieved. We are encouraged by the focus on sustainable agriculture practices, including organic farming initiatives backed with incentives for over 1 crore farmers which will help ensure that chemical-free food ingredients are used in food and related products. The Green Credit Programme under the Environment (Protection) Act to incentivize environmentally sustainable and responsive actions by companies, individuals and local bodies will help each and every one of us inculcate sustainable habits and increase investments in the sector. We also welcome the government’s move to increase its expenditure on building sources of renewable energy. Further tax exemptions such as the reduction of GST rates on electric vehicle components and waivers or subsidies given out to households using renewable energy systems will contribute greatly towards creating an environment-friendly infrastructure in India. Indians in the post-pandemic era have understood the importance of living a green and clean life and this budget with its focus on behavior change will steer the population in the right direction. We look forward to seeing how this budget shapes India’s future trajectory toward sustainable development goals!
“Union Budget 2023 is very promising for the financial sector and carves out an excellent path for the future with a focus on growing the MSME sector, pushing infrastructure development, and enabling personal consumption. Extension of the ECLGS scheme along with other measures would have a huge impact on promoting growth. The finance minister has taken substantial steps to reduce credit costs for the sector which would help in promoting employment and growth. Boosting MSMEs through easier credit would aid growth, ease tax liability, and promote consumption. Focus on reducing credit costs would also boost profitability and help create more jobs. Additionally, increased expenditure on infrastructure and personal tax reforms would aid create a positive sentiment in the economy and put India on a path for rapid development,” added Saurav Ghosh, Co-founder, Jiraaf.
Healthcare
Technology integration an advantageous effect on the healthcare industry that will encourage its expansion. Snehal Shah, CEO at Fullife Healthcare Private Limited said, “Integration of technology has a definitive impact on our future prospects. Greater awareness towards healthcare and a focus on boosting exports for the sector of innovative products in Pharmaceuticals & Nutraceuticals are outstanding long-term initiatives that were being talked about in this year’s budget. The Indian industry is well-poised with a good ecosystem, and companies like Fullife that focus on innovation lead delivery dosage forms will be highly encouraged in such a supportive environment. This year, the Centre has also increased its allocation to the Ministry of Health and Family Welfare and has invested in focus on natural products like Millet and healthcare, we see continued growth in concepts that associate with good health. Being a company from India that exports nutraceutical products across 30+ countries now, a simplified tax structure will help towards the promotion of exports and boost domestic manufacturing.”
In this Union Budget, the government has focused on some of the core needs of the health and wellness sector. “The plan to establish 157 nursing colleges as collocated facilities alongside medical colleges will help cover the shortage of trained healthcare workforce and lead to greater healthcare coverage of the out-of-hospital medical services. The plans to provide access to ICMR labs and other R&D facilities as well as a collaborative approach to pharmaceuticals research and encouragement of private sector investments, multi-disciplinary training for R&D and manufacturing of high-quality medical devices, and various other such measures are going to augur well for the overall universal healthcare access and quality in India,” said Meena Ganesh, Co-Founder & Chairperson, of Portea Medical.
“However, it is also important to note that while various aspects of healthcare and health tech have been touched upon, we looked forward to some announcements in the area of accessibility and affordability of personalized care for the masses. A crisis situation like the pandemic toppled healthcare systems globally and some clarity on how the country will handle a similar situation in the times to come was needed.”
(IANSlife can be contacted at ianslife@ians.in)
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( With inputs from www.siasat.com )

February 3, 2023
Sarah Huckabee Sanders picked for GOP State of the Union response

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The press secretary-turned-governor was a polarizing figure during her tenure behind the White House briefing room podium, from which she sparred often with the Washington press corps as she defended then-President Donald Trump amid his administration’s controversy and scandal.
Sanders herself was eventually caught up in controversy in 2019, when a report released by special counsel Robert Mueller revealed that the press secretary admitted to misleading the reporters during a 2017 briefing where she discussed Trump’s decision to fire FBI Director James Comey. Sanders said at that briefing that “the rank and file of the FBI had lost confidence in their director” and that the Trump White House had heard from “countless members of the FBI” that they had lost confidence in Comey. In its report, Mueller’s team said Sanders conceded that those “comments were not founded on anything.”
Sanders will deliver her address from Little Rock next Tuesday after Biden wraps his speech before a joint session of Congress. In a statement, House Speaker Kevin McCarthy said everyone should listen to the address, “including President Biden.”
“She is a servant-leader of true determination and conviction,” McCarthy said. “I’m thrilled Sarah will share her extraordinary story and bold vision for a better America on Tuesday.”
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( With inputs from : www.politico.com )

February 3, 2023
Share market crash almost led to the fall of Union govt: Mamata

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Kolkata: West Bengal Chief Minister Mamata Banerjee on Thursday claimed that on the day of the Union Budget on Wednesday, the Union government virtually was on the verge of collapse because of the share market crash.
“The government was on the verge of collapse. Desperate calls were made to some parties to provide funds to that person whose share prices were going down fast,” the Chief Minister claimed at a public rally in East Burdwan district on Thursday.
However, she did not name anybody in this connection.
“I know exactly who all were approached for providing funds. But I do not want to take any names since that would make their lives miserable. At least six individuals were called up. Some were asked to pay around Rs 30,000 crore, some Rs 20,000 crore and some Rs 10,000 crore to that individual whose companies’ share prices fell. How will such a government, which does not have any planning, continue in the long run,” Banerjee asked.
The Chief Minister also termed the income tax relief proposed in the Union Budget 2023-24 as nothing but eye-wash.
“On one hand there were announcements for tax reliefs, and on the other hand the existing concessions on investments made were denied. This is like giving Rs 2 after deducting Rs 2.50,” Banerjee said.
Reacting to her comments, BJP’s national Vice-President and Lok Sabha MP Dilip Ghosh said that the popular Budget presented on Thursday has become a nightmare for the Chief Minister due to which she is making such ‘imaginary’ claims about the collapse of the Union government.
“But she will not be able to fool the people for a long time by making such claims. She is saying such things out of sheer anger and frustration,” Ghosh said.

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#Share #market #crash #led #fall #Union #govt #Mamata
( With inputs from www.siasat.com )

February 2, 2023