What's new

Indian Political Corner | All Updates & Discussions.

.
Sidak said:
No Scams in Last 5 Months - No Adarsh, No Coal Scam, No 2G Ghotala etc. Investors poring Money in India, Stock Market touching new height's, Inflation coming down. An Panch Mahine may Bacche ki Jaan Logay. :azn: You prove other way around? :toast_sign:
Click to expand...
What could be the reason behind reduction in inflation and most importantly petrol prices in India after Modi came into power?

Follow Question9


8 ANSWERS
ASK TO ANSWER

Mukesh Menaria, Bio Missing...
1 upvote by Rohit Nigam.

It would be surprising to see it coming from a Person who preferred to vote(first time in life) to a BJP candidate in local constituency just to bring MODI to central government.

So far benefits MODI has provided/promised/got fame or coverage are the fruits of previous governments efforts. He still needs to prove himself. As far as I am aware only bigger initiative current government has taken is related to Statue of Unity. Rest all are follow-ups or rather quick follow-ups(plus for MODI government) on foundations provided by previous government which surprising was unable to cash-in such fruits just before elections(Surprisingly not what congress government usually does).
Written 9d ago. Asked to answer by Ankit Kukreja.

Upvote1
Downvote
Comment

RELATED QUESTIONS
BJP supporters are saying the recent petrol and diesel price reductions are Modi's work. Is it really Modi's work or due to the international ... (continue)
Inflation (economics): What is the reason of increase in petrol prices in the past two year?
Inflation (economics): Why can't the Petrol/Diesel prices be rounded off to nearest whole number?
Jai Pathade
1 upvote by Rohit Nigam.

Its because of international market and new resources found in USA and Canada... nothing to do with mr. Modi
Written 5d ago.

Upvote1
Downvote
Comment

Neeraj Kumar Singal, Entreprenuer, Investor, Learner
3 upvotes by Ankit Kukreja, Saket Gupta, and Rohit Nigam.

Its call luck. Crude oil prices are not in anybody hand. The crude prices came down and so inflation. Petrol and diesel prices affect inflation in major way, as everything have a small or big comonent of energy prices either in production or in logistics.

If the crude prices remains low the inflation will not sharply shoot up. Other items can be controlled by efficient management like food prices and vegetable prices.

Low crude prices also reduces the foreign currency outflow and in turn increases the Indias financial position and thus ratings. If rating remains high cheap money from foreign investors can be raised and domestic interest prices can be lowered. Lower interest prices results in higher industrialisation and better off take of real estate.
The whole cycle improves the economy and have multiplier effect on the economy.
Written 10d ago. Asked to answer by Ankit Kukreja.

Upvote3
Downvote
Comment

Shrikant Kadam
4 upvotes by Ankit Kukreja, Pranav Chavare, Atul Khiste, (more)

The reduction in inflation was actually due to strong monetary policies held by RBI from last one year and of course the Budget 2014-15 by Jaitley. Also govt included Potato and Onion in Essential commodities until next year.
The fall in petrol diesel is due to international factors. The rate of Crude oil we purchase from middle east countries have fallen from about $110 to 82-83$ per barrel. Using this great opportunity Govt released the control over oil prices and made them market controlled (i.e. whatever the international market price is that will be price of oil in India).
Hope this has cleared your doubt. Thank you.
Written 10d ago.

Upvote4
Downvote
Comments1+

Akash Agarwal, Business In Blood, Marwari Ban... (more)


Basically Good and Fair Governance

Indian money is getting strong in international market hence increasing the purchasing power of our currency. It's just like 1$ is more powerful than ₹1 now what going on is Indian currency is competing itself, and getting stronger against the dollar. For example : If we needed ₹60 to buy 1 liter of petrol from foreign country now we only pay ₹55 (making an assumption that earlier rate of 1$ was ₹60 which now reduced to ₹55).

That is the reason Narendra Modi is emphasising on Make In India so that we export more and import less and our rupee get stronger.
It's the fiscal policy as explained by Shrikant Kadam.

Hope that helps,
Thank You For A2A,
Akash Agarwal
Written 10d ago. Asked to answer by Ankit Kukreja.

Upvote
Downvote
Comments1+

Rajneesh Rai
3 upvotes by Saurabh Kumar Singh, Rohit Nigam, and Azeez Hussain.

petrol price reduce due to crude oil price in international market reduces.
and inflation is due to the many companies invested recently in India and new polices are made after the 2014 Loksabha elections. And Indian makret is considerably improved after Mr. Modi became Prime minister.
Written 10d ago.

Upvote3
Downvote
Comment

Karthika Nair


Deregularization of petrol and diesel prices..
 
.
.
Juggernautjatt said:
Sajjad lone meeting & praising PM modi & suddenly he becomes nationalist in the eyes of BJP & RSS fans.
Mukhtar Abbas Naqvi protests induction of ‘terrorist Bhatkal’s friend’ Sabir Ali in BJP - The Times of India
Is BJP planning poll tie-ups with separatist groups in Jammu & Kashmir? | Latest News & Updates at Daily News & Analysis
BJP woos Chhattisgarh Naxals who surrendered
Click to expand...
We are going to remove article 370 and secure kashmir instead of breaking it and giving it to pakistan like your Neta Prashant Bhushan.
Do you agree with him?
 
. .
fsayed said:
Half of Modi's new ministers face criminal cases, majority are crorepatis : North, News - India Today
Half of Modi's new ministers face criminal cases, majority are crorepatis
Mail Today Bureau | Mail Today | New Delhi, November 11, 2014 | UPDATED 10:14 IST


collage_650_111114094156.jpg
Dr Ram Shankar Katheria, Hansraj Gangaram Ahir, Sadhvi Niranjan Jyoti, Giriraj SinghAlmost half of the 21 new faces inducted into Prime Minister Narendra Modi's Council of Ministers have declared criminal cases against them, while a majority are crorepatis with their average assets pegged atRs.18.48 crore.

An analysis of the criminal and financial backgrounds of the 66-member Council of Ministers by the Association for Democratic Reforms (ADR) has revealed that 59 of them, or 92 per cent, are crorepatis.

Among the newly inducted ministers, the highest increase in assets was registered in the case of Mahesh Sharma from Gautam Budh Nagar, whose worth rose from Rs.15.85 crore in 2009 to Rs.47.37 crore this year.

Eight of the new ministers have declared criminal cases against themselves and four are facing serious criminal cases.

Of the total Council of Ministers, 20 or 31 per cent have declared criminal cases against themselves, while 11 ministers or 17 per cent are facing serious criminal cases like attempted murder, inciting communal disharmony and electoral violations.

ADR analysed data from the election affidavits of 64 ministers and the details of Union ministers Suresh Prabhu and Birender Singh were not included as they are not members of either House of Parliament.

The inclusion of Ramshankar Katheria from Agra constituency in the Council of Ministers led to a controversy on Monday as Congress slammed the BJP on the issue of the tainted minister. Katheria has declared a case of attempted murder against him. According to his affidavit, he is also facing cases related to promoting enmity between different groups on grounds of religion and race and committing acts prejudicial to maintenance of harmony.

Similarly, Giriraj Singh of Nawada constituency declared a case related to undue influence during an election (Section 171F of the IPC). As far as the financial background of the ministers is concerned, the average assets of the new ministers were worth Rs.18.48 crore.

Yalamanchili Satyanarayana Chowdary, a Rajya Sabha member from Andhra Pradesh, declared the highest total assets of Rs189.69 crore, followed by Jayant Sinha from Hazaribagh constituency with assets ofRs.55.67 crore and Mahesh Sharma from Gautam Budh Nagar with total assets of Rs.47.37 crore.

On the other hand, Sadhvi Niranjan Jyoti from Fatehpur declared the lowest total assets of Rs.37.63 lakh. Five members of the council of ministers had declared assets of less than Rs.1 crore. Seven members of the council of ministers have total assets worth over Rs.30 crore, including Arun Jaitley (Rs.113 crore) and Harsimrat Kaur Badal (Rs.108 crore).

The NDA government strongly defended the expansion of the council of ministers in the wake of taint charges raised against some ministers by the Congress, saying that Prime Minister Narendra Modi had chosen his team members after checking their credentials and facts related to each one of them.

Reacting sharply to Congress's attack on Modi, Finance Minister Arun Jaitley said that all the charges were baseless.

"During the UPA government, the prime minister never had the last word in the formation of the cabinet or its expansion. In the NDA, it is a different trend. The last word is exclusively that of the prime minister," he said.

Cong questions PM on 'criminal' ministers

The Congress on Monday questioned Prime Minister Narendra Modi's pre-poll stand on cleaning up parliament of tainted lawmakers and alleged that the number of shady members in his council of ministers had gone up.

"The number of tainted ministers in the cabinet has gone up to 15 or 16 of the total 66," Congress communication department chief Ajay Maken said.

"You talk of cleaning Parliament of criminals, but you go on inducting tainted ministers," he said, adding Modi should have kept tainted leaders out as cabinet formation is his prerogative.

A study of 64 of the 66 cabinet ministers done by anti-graft NGO Association for Democratic Reforms indicated that 20 of them had declared criminal cases against themselves in their affidavits to the Election Commission.

Maken pressed for the resignation of Minister of State for Science and Technology Y.S. Chowdary and produced bank documents that he claimed showed Chowdary's company had defaulted on the repayment of a loan of Rs.317.6 crore from the Central Bank of India.

"Did you make him a minister to save him from default? The Modi government should come clean on it and the minister should resign," Maken said.

He further alleged that Minister of State for HRD Ram Shankar Katheria has a record of 23 cases against him in the affidavit he filed with the Election Commission. "Perhaps, no other MP has such a bulky criminal record," he said.

- By Amit Agnihotri in New Delhi



Read more at: Half of Modi's new ministers face criminal cases, majority are crorepatis : North, News - India Today


Rahul Gandhi pulls up Modi over "false promises"
Pradip Kumar Maitra, Hindustan Times Nagpur, October 13, 2014

First Published: 00:16 IST(13/10/2014) | Last Updated: 00:18 IST(13/10/2014)

After Sonia Gandhi, it was son Rahul Gandhi’s turn to woo voters in Vidarbha, as the Congress vice-president lashed Prime Minister Narendra Modi, accusing him of double standards.

Addressing his first elections meeting in Vidarbha on Sunday, Gandhi said that though Modi had promised to construct a huge statue of Sardar Vallabhbhai Patel, he was working against the principles that the leader stood for.

Gandhi said, “Our opposition pays tribute to the great soul of the country, Mahatma Gandhi, but they work against Gandhian principles. Congress has always worshipped the philosophy, values and principles of such great souls. This is the difference between the Congress and the opposition.”

Without naming Modi, he said that an opposition leader had said that nothing had happened in the last 60 years. “Their thinking is that only one man can take the country forward. Such thinking raises a question mark on you, who have elected Congress for years. If the Congress government did anything good, it is because of you who reposed faith in the party to rule, and the credit goes to you for the good work,” he said, adding that the BJP is not talking against the Congress, but against the common man who has elected the Congress for years.

Lashing out at the Modi government for making “false” promises to the electorate, he said that Modi, in the 2014 Lok Sabha election campaign, had talked about bringing back black money stashed in foreign countries within 100 days, but was maintaining a stony silence, now that the deadline set by him had passed. He also reminded the gathering of Modi’s promise to inspire fear in Pakistan and China, if he was elected prime minister. “See what is happening on the Indo-Pak border. There is firing on the borders every day and people are dying. There is violation of the border by the Chinese army. Our Prime Minister was enjoying a swing ride with the Chinese president, but did not raise the issue with him during his visit,” he rued.

The recent hike in price of life-saving drugs was also discussed by Gandhi in his 20-minute speech. He said that while the UPA government had kept medicine prices under control, Modi in his trip to the US had met industrialists from the drug-manufacturing cartel and agreed to lift the ban on price restrictions. Gandhi said that the UPA government had kept the prices of medicines under control, but when Modi travelled to US and met 11 top industrialists from the drug-manufacturing cartel, he had agreed to enhance the drug prices and lift the ban of price restrictions.

“Now, life-saving medicines for diseases, like cancer, diabetes and blood pressure have increased drastically. This will affect the poor sections of society,” he said, pointing out that a cancer drug which was earlier available for Rs. 8,000 will now be sold for Rs. one lakh.

Gandhi also promised that the Congress, if voted to power, will also not just provide free drugs, but free surgeries as well. He asserted that the Rajiv Gandhi Health Insurance Scheme launched in Maharashtra was already a hit, with many from the poor sections of society were benefiting from it.

Rahul also said that the state’s new textile and industrial policy would create 30 lakh jobs in the near future. He said that farmers in Maharashtra would be provided uninterrupted electricity, and promised to give a home to each needy family in Maharashtra, if Congress is elected in the state.

He also promised that Ramtek would be developed as a world-class tourism centre, attracting international tourists. While in power, Congress had developed Bangalore as an IT hub, Pune as an automobile hub, and will now develop Ramtek as a tourist hub, Gandhi said.
Click to expand...

Bhai, Arun Jately Ji clarified on this. His interview is available online, just Google it. ;)
 
.
Uski ma ka saki naka maharastra me hua kya officially NCP ne support diya ? Bjp vale bol rahe he hume pata nahi kis kis ne support kiya ye dhvani mat kya he ?
 
. . .
fsayed said:
What could be the reason behind reduction in inflation and most importantly petrol prices in India after Modi came into power?

Follow Question9


8 ANSWERS
ASK TO ANSWER

Mukesh Menaria, Bio Missing...
1 upvote by Rohit Nigam.

It would be surprising to see it coming from a Person who preferred to vote(first time in life) to a BJP candidate in local constituency just to bring MODI to central government.

So far benefits MODI has provided/promised/got fame or coverage are the fruits of previous governments efforts. He still needs to prove himself. As far as I am aware only bigger initiative current government has taken is related to Statue of Unity. Rest all are follow-ups or rather quick follow-ups(plus for MODI government) on foundations provided by previous government which surprising was unable to cash-in such fruits just before elections(Surprisingly not what congress government usually does).
Written 9d ago. Asked to answer by Ankit Kukreja.

Upvote1
Downvote
Comment

RELATED QUESTIONS
BJP supporters are saying the recent petrol and diesel price reductions are Modi's work. Is it really Modi's work or due to the international ... (continue)
Inflation (economics): What is the reason of increase in petrol prices in the past two year?
Inflation (economics): Why can't the Petrol/Diesel prices be rounded off to nearest whole number?
Jai Pathade
1 upvote by Rohit Nigam.

Its because of international market and new resources found in USA and Canada... nothing to do with mr. Modi
Written 5d ago.

Upvote1
Downvote
Comment

Neeraj Kumar Singal, Entreprenuer, Investor, Learner
3 upvotes by Ankit Kukreja, Saket Gupta, and Rohit Nigam.

Its call luck. Crude oil prices are not in anybody hand. The crude prices came down and so inflation. Petrol and diesel prices affect inflation in major way, as everything have a small or big comonent of energy prices either in production or in logistics.

If the crude prices remains low the inflation will not sharply shoot up. Other items can be controlled by efficient management like food prices and vegetable prices.

Low crude prices also reduces the foreign currency outflow and in turn increases the Indias financial position and thus ratings. If rating remains high cheap money from foreign investors can be raised and domestic interest prices can be lowered. Lower interest prices results in higher industrialisation and better off take of real estate.
The whole cycle improves the economy and have multiplier effect on the economy.
Written 10d ago. Asked to answer by Ankit Kukreja.

Upvote3
Downvote
Comment

Shrikant Kadam
4 upvotes by Ankit Kukreja, Pranav Chavare, Atul Khiste, (more)

The reduction in inflation was actually due to strong monetary policies held by RBI from last one year and of course the Budget 2014-15 by Jaitley. Also govt included Potato and Onion in Essential commodities until next year.
The fall in petrol diesel is due to international factors. The rate of Crude oil we purchase from middle east countries have fallen from about $110 to 82-83$ per barrel. Using this great opportunity Govt released the control over oil prices and made them market controlled (i.e. whatever the international market price is that will be price of oil in India).
Hope this has cleared your doubt. Thank you.
Written 10d ago.

Upvote4
Downvote
Comments1+

Akash Agarwal, Business In Blood, Marwari Ban... (more)


Basically Good and Fair Governance

Indian money is getting strong in international market hence increasing the purchasing power of our currency. It's just like 1$ is more powerful than ₹1 now what going on is Indian currency is competing itself, and getting stronger against the dollar. For example : If we needed ₹60 to buy 1 liter of petrol from foreign country now we only pay ₹55 (making an assumption that earlier rate of 1$ was ₹60 which now reduced to ₹55).

That is the reason Narendra Modi is emphasising on Make In India so that we export more and import less and our rupee get stronger.
It's the fiscal policy as explained by Shrikant Kadam.

Hope that helps,
Thank You For A2A,
Akash Agarwal
Written 10d ago. Asked to answer by Ankit Kukreja.

Upvote
Downvote
Comments1+

Rajneesh Rai
3 upvotes by Saurabh Kumar Singh, Rohit Nigam, and Azeez Hussain.

petrol price reduce due to crude oil price in international market reduces.
and inflation is due to the many companies invested recently in India and new polices are made after the 2014 Loksabha elections. And Indian makret is considerably improved after Mr. Modi became Prime minister.
Written 10d ago.

Upvote3
Downvote
Comment

Karthika Nair


Deregularization of petrol and diesel prices..
Click to expand...

Fortune Favours the Brave!:yahoo: The day NaMo became PM, Rupee Starting Appreciating. :whistle:
 
. . . .
. .

Similar threads

GamoAccu
Rahul Gandhi: India's Congress leader sentenced to jail for Modi 'thieves' remark
Replies
1
Views
685
RealDeal
R
R
Are India's Leaders Uneducated? What is Modi's Education Level?
2 3 4 5 6 7
Replies
94
Views
7K
Asian.Century
Asian.Century
D
Why Is the Modi Regime So Worried About The Caste Survey in Bihar?
Replies
0
Views
484
Drizzt
D
hatehs
The Indian state goes after radical Hindu hate crime trackers
Replies
1
Views
575
Bilal9
Bilal9
GamoAccu
India’s Digital Footprint on the Israel-Gaza War
Replies
2
Views
668
buntalanlucu
B

Latest posts

Pakistan Defence Latest Posts

Pakistan Affairs Latest Posts

Military Forum Latest Posts

Country Latest Posts

Back
Top Bottom