National Politics

PM Pays Tribute To Sardar Vallabhbhai Patel On His Death Anniversary

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Prime Minister Narendra Modi on Thursday paid homage to Sardar Vallabhbhai Patel on his 72nd death anniversary and recalled the everlasting contribution of the ‘Iron Man’ to India

New Delhi: Prime Minister Narendra Modi on Thursday paid homage to Sardar Vallabhbhai Patel on his 72nd death anniversary and recalled the everlasting contribution of the ‘Iron Man’ to India.

Taking to the microblogging site Twitter, the Prime Minister said, “I pay homage to Sardar Patel on his Punya Tithi and recall his everlasting contribution to India, especially in uniting our nation and giving impetus to all-round development.” Patel was born on October 31, 1875 in Nadiad, Gujarat. A successful lawyer by profession, his life encountered a turning point when Mahatma Gandhi chose him as his deputy commander to lead the Kheda Satyagraha in 1918. Thus, as the leader of a peasants’ protest, Vallabhbhai Patel found the trajectory of his life turning towards a path of public service.

In 1924, Patel was elected President of the Ahmedabad Municipal Board. Taking charge, he revamped the drainage, sanitation, cleanliness and water distribution systems of Ahmedabad.
To their sheer awe, the citizens witnessed the President of the Board taking up a broom and
dust cart himself, and cleaning the Harijan quarter of the city. In him, the city of Ahmedabad found a new Hero.

Vallabhbhai Patel became increasingly involved with the struggle for independence. It was his role in the Bardoli Satyagraha of 1928 that elevated him to a new pinnacle of national glory.
The peasant movement that became a subject of great discussion across the nation demonstrated the Sardar’s organisational capacity and enthusiasm for tireless action.
It was here that he earned the title of ‘Sardar’, the fond epithet by which he continues to be remembered and revered.
On 15 August 1947, Sardar Patel took oath as the first Deputy Prime Minister, as well as the first Home Minister of independent India. He also took charge of the Information and Broadcasting Ministry.
Sardar Patel’s life and career are a lesson in grit, sagacity and decisive leadership. He earned the reputation of ‘Iron Man’ because of the manner in which he brought about and maintained internal stability as the Home Minister in the wake of the partition of the country.
On 15 December 1950, the Iron Man of India breathed his last. He had successfully accomplished the task of integrating 565 Princely States into the Union of India within a remarkably short span of time- a feat unprecedented in history.

(Except for the headline, this story has not been edited by HW News staff and is published from a syndicated feed.)

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Raghuram Rajan Says, “We Will Be Lucky If We Get 5% Growth Next Year”

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New Delhi: Former Governor of Reserve Bank of India Raghuram Rajan has said he believes the country will be lucky if it achieves 5 per cent growth next year.
The former governor also said next year is going to be more difficult than this one. “Of course, this one had a lot of difficulties with the war and all that. Growth is going to slow in the world. People are raising interest rates that bring down growth,” he said. While talking with Congress leader Rahul Gandhi, the former governor of the Reserve Bank of India said, “India is also going to be hit. India’s interest rates have also gone up but Indian exports have been slowing quite a bit.”
“India’s inflation problem is more about commodities inflation problem, vegetables’ inflation problem. That is also going to be negative for the growth,” he said on Wednesday in a candid talk with the Gandhi scion.
The economist said, “I think we will be lucky if we do 5 per cent next year.”
The problem with the growth numbers is that you have to understand what you are measuring with respect to, he said. “We had a terrible quarter last year. And, you measure with respect to that you look very good. So ideally what you do is look before the pandemic in 2019 and look at now.”
He said, “If you look at 2022 vis-a-vis 2019, it’s about 2 per cent a year. It’s too low for us.”
While being asked what he attributes this to, by Rahul Gandhi, he said, “Pandemic was part of the problem but we were slowing before the pandemic. We had gone from 9 to 5. And, we haven’t really generated reforms which will generate growth.”
Rahul Gandhi had asked him in the candid talk: “There is one thing happening, 4-5 persons are getting rich and they could go into any businesses and the rest of the people have remained backward. Farmers, the poor have formed a new Bharat. These 4-5 persons’ dreams are fulfilled while those of the rest are dashed. What should we do with this inequality?
“This is a big problem. This is not about industries,” the economist said, adding, “The upper middle class have gained because they could work during the pandemic whereas the poor would have to go to factories and the factories were closed during the pandemic,” he said. “This divide has grown during the pandemic,” he said further.
Economist Raghuram Rajan said, “The poorest could get ration. They get everything. These rich didn’t suffer any difficulties. Those in between — the lower middle class — had to lose a lot. They lost their jobs. Joblessness went up. Debts went up. We should look at them. Because they have suffered a lot.”
On the subject of the concentration of wealth among the industrialists, he said we should also look at them. He said, “We couldn’t be against capitalism. But we should be fighting for competition. We could be up against monopoly. Monopoly is not good for the country.”
He said India’s issue was that our exports will also go down and growth would also decrease. “Technological support is needed, credit loans, there should be certainty about policies.”
He said there could be change. “If banks know that sales of small businesses are good and the steady revenue stream, they can lend but we need that information to be collected and made available. That is happening now. They are starting to think about all these in the fintech revolution right now. But in India, it needs to be 10 times,” he added.
Too many of our small companies don’t grow big. They need a path to grow, he said.
“Here is the problem, they get used to some of the benefits of staying small. If you don’t pay taxes, officers won’t come to them. They stay under the radar scan of the government instead of being helped by the government.”

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He said, “You (company) stay under the radar until you get a revenue stream. Once your business grows, it should be like I’m going to look at you, I’m going to help you. I’m not going to tax you or make your life miserable. We need that situation.”
He added as soon as these businesses get better, the government take away those benefits. “There is no incentive to grow bigger. Why not say, if you grow bigger, you will get these incentives for five years? By the time they are big, they don’t care,” the economist added.

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