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After swearing-in-ceremony next govt should do this work first else country will be…

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Narendra Modi, Abhinandan Pathak, Prime Minister, Varanasi, Uttar Pradesh, Politics news

The macro-economic situation has been mixed by the end of last fiscal, needing direct intervention by the next government in areas such as agriculture, employment and the banking sector, a report said on Thursday.

The Care report said the government must look internally and fill all vacancies that have been on hold. For private sector employment generation, the government needs to focus on the SME segment as well as start-ups so as to increase the opportunities.

“But we need to ensure that core manufacturing takes place and not just assembly of components,” the report said.
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On agriculture the report in order to reduce reliance on monsoon for agriculture production, the impending ambitious project of inter-linking Indian rivers should be pushed as it can be a long-term solution for the agriculture-related issues.

On the banking sector, the report flagged that the sector is going through challenges of capital and asset quality. “The banks continue to be affected by the delays in the NCLT resolution process. Hence a review of the NCLT procedure with the view of speeding up the process, seems necessary.

“The IBC may need some amendments as the rate of resolution of bankrupt companies can be improved,” the report said.

The report said the government has been the main driver of capex in the last 2-3 years and the steady pace of investment should continue.

“The focus must now be on reinvigorating private investment and here it would be necessary to review the clogs that are in the way of investment,” it added.

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Former Finance Minister Arun Jaitley passes away at 66

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New Delhi : Former finance minister and senior BJP leader Arun Jaitley on Saturday afternoon passed away at the age of 66.

Arun Jaitley was unwell for a large part of the last two years. In 2018, Arun Jaitley underwent a kidney transplant surgery, following which he was put under isolation. Four years earlier, in 2014, Arun Jaitley underwent a bariatric surgery to address the excess weight he had gained due to diabetes.

During the Narendra Modi government’s first term in office, Arun Jaitley was seen as the prime minister’s ‘go-to’ man. Jaitley was the one to take on the responsibilities of temporarily handling ministries other than his primary portfolio of finance.

As finance minister, Arun Jaitley presented all of the Narendra Modi government 1.0’s budgets. However, due to his ill health, he was unable to present the 2019 Interim Budget, which was instead presented by his colleague Piyush Goyal.

After the Bharatiya Janata Party’s victory in the 2014 Lok Sabha election, Arun Jaitley wrote to Prime Minister Narendra Modi requesting that he not be given any responsibilities in the new government as he wanted to focus on his health.

A lawyer by profession, Arun Jaitley was among the leaders who were jailed by the Indira Gandhi government during the Emergency. He was a student leader at the time.

After being released from jail, Arun Jaitley joined active politics as a member of the Jan Sangh and rose through the ranks of the organisation, which later became the BJP.

A lawyer by profession, Arun Jaitley also served on the Atal Bihari Vajpayee cabinet. Between 2009 and 2019, when the BJP sat in the Opposition benches, Arun Jaitley served as the Leader of the Opposition in the Rajya Sabha.

Arun Jaitley is survived by his wife and two children.

 

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