Congress leader Rahul Gandhi on Monday slammed the Centre after it announced the COVID-19 financial package, calling it a ‘hoax’.
In a tweet, he said that the package, announced on Monday by finance minister Nirmala Sitharaman, could not be utilised by families to spend on food, medicines, or their children’s education.
“No family can spend FM’s ‘economic package’ on their living-food-medicine-child’s school fees. This is not a package, it’s another hoax!” he tweeted.
Congress leader and former finance minister P Chidambaram too hit out the Centre’s new package, saying that the only answer to the ongoing crisis is to put money in the hands of the people, especially the poor and lower-middle-class.
“‘Some elementary truths: Credit guarantee is not credit. Credit is more debt. No banker will lend to a debt-ridden business. Debt-burdened or cash-starved businesses do not want more credit, they need non-credit capital. More supply does not mean more demand (consumption). On the contrary, more demand (consumption) will trigger more supply,” he tweeted.
He added, “Demand (consumption) will not grow in an economy where jobs have been lost and incomes/wages have been reduced. The answer to this crisis is to put money in the hands of the people, especially the poor and lower middle classes.
Sitharaman had earlier announced Rs 1.1 lakh crore loan guarantee scheme for sectors of the economy struggling to recover from the impact of the devastating second COVID-19 wave.
The finance minister had announced a Credit Guarantee Scheme to facilitate new lending among the smallest borrowers.
“Under the Credit Guarantee Scheme, we aim to reach out to 25 lakh people who are absolutely small borrowers. Loan to be given to the smallest borrowers by Microfinance Institutions. A maximum Rs 1.25 lakhs amount to be lent,” she had said.
With the aim to provide further economic relief to micro, small and medium enterprises (MSMEs) amid the ongoing COVID-19 pandemic, the Centre also expanded the financial support being provided under the Emergency Credit Line Guarantee Scheme (ECLGS) by Rs 1.5 lakh crore.
To revive the tourism sector, Sitharaman announced free tourist visas to the first five lakh tourists and said that financial support will be provided to more than 11,000 registered tourist guides and tourism stakeholders.
Youth in Kathua Stage Protest Against SHO, Kathua, Demands Termination
Yesterday a Councillor got engaged with a JK Police Officer. The Councillor has reached to review a protest by the Shiv Nagar, Kathua, over the power cuts. The protestors have blocked the National Highway. The police officer asked the protestors to stage their protest off the road and not block the Highway. But, on numerous requests by the police, the protestors didn’t leave the road then the police started dragging the protestors from the road.
On Saturday, the youngsters of Kathua protested against Kathua Police and blocked the road. According to the youngsters, the SHO has misbehaved with the Councillor. A police party tried to resolve the matter, but the protestors didn’t agree. The Councillor demanded that the SHO apologize for his actions in front of the media or be suspended.
While talking to the media, a Sarpanch said, “yesterday’s incident was very shameful. The people elected the Councillor, and the SHO dragged him like an offender. The locals were protesting only to demand their rights. They were not doing anything illegal. We criticize the incident and demand that the SHO should be suspended. If he treats the Councillor this way, then how he treats the common public”.
We Want Jobs Not Loan: Protesting Dental Surgeons
Last week J&K LG Manoj Sinha announced that the government would provide financial assistance to dental surgeons. “Govt to provide financial aid to dental surgeons to start their clinic. In the first phase, 400 dental surgeons and 800 paramedics will be selected for a specially tailored self-employment scheme”, the statement of LG reads.
The protesting dental surgeons have not agreed to accept financial assistance from the government and have continued their protest to demand government jobs. The protestors said that if the government doesn’t have funds for us, the government should shut down the dental college as they increase unemployment.
While talking to JK Media, a surgeon said, “it’s unfortunate why the LG is not listening to us. We have staged a peaceful protest so that our demands could reach the LG. The LG has announced financial assistance for us, but we don’t accept his decision as if we need a loan, we have applied for it at any bank. We are not demanding something illegal. All we want is that the government should conduct an exam, and if we fail in the exam, then we can’t blame the government”.
“If the government is giving jobs to all other branches, then why not to our fraternity? The government is releasing one statement only that there are no funds for us, but they are releasing funds for other branches, then there must be some corruption in government that’s why they are not releasing funds for us. The government is also saying that the medical department is getting privatized, then the government should shut down the government colleges and also privatize the MBBS surgeons”, a female surgeon said.
One dead, Two injured in road accident
A local ailing elderly woman died while her son and daughter-in-law were injured after the ambulance they were on board skidded off the road and fell into Chakwah stream near Batote on Kishtwar-Batote highway in Jammu’s Doda district on Saturday, officials said.
As per a police spokesperson, the accident took place at about 1645 hrs this afternoon at chakwa nullah near Batote when the ambulence bearing registration number JK06/ 8241 on way from GMC Doda to SKIMS Srinagar skidded off the road and plunged into the deep nullah.
While confirming the incident, SHO Batote, Ranjeet Singh told Greater Kashmir that soon after receiving the information, a rescue operation was launched but the ill woman, Haseena Begum, 73, wife of Late Bhadar Malik, a resident of Tantna in tehsil Gondan of Doda district, had died on the spot.
Two of her attendents-her son Mohammad Amin Malik, 35 and his wife Farida Begum, 32- received injuries in the accident, Singh said.
The couple has been shifted to CHC Batote for treatment, he added.
Reports said that the driver of the ambulance, who received minor injuries in the accident, escaped from the spot while police has taken cognizance of the incident.
- High alert at Jammu-Kashmir National Highway, strict checking in Kathua July 24, 2021
- Youth in Kathua Stage Protest Against SHO, Kathua, Demands Termination July 24, 2021
- Yasha Mudgal chairs Board meeting of Jammu Central Co-op Bank Ltd to sanction a 100 Crores Loan for Govt backed JKIDFC July 24, 2021
- We Want Jobs Not Loan: Protesting Dental Surgeons July 24, 2021
- Uncontrolled Car Hits Several Other Parked Vehicles at Pir Mitha, Shopkeepers Sets an Example July 24, 2021
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