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Mangaluru: Country is facing economic emergency – Ivan D’Souza

  •   Sat, Sep 30 2017 03:07:40 PM

Pics: Spoorthi Ullal

Daijiworld Media Network - Mangaluru (ANK)

Mangaluru Sep 30: “The country's economy is in emergency stage since the demonetisation of currency notes,” said Chief Whip of Legislative Council Ivan D Souza.

Addressing media here on Saturday September 30, Ivan D Souza said, "Today the country's economic condition has worsened and has become the talking point after the implementation of demonetisation and GST. Those were the bad decisions made by the central government which had huge impact on farmers and small scale industries. Prime Minister Modi had said that demonetisation will help in bringing back the black money, but now the Indian economy has been completely affected. GDP has come down to 3.7 %,”



“Even former minister Yashwanth Sinha quoted that demonetisation was a bad decision by the central government. Subramanian Swamy has also submitted 16-page letter to Modi condemning the same,” he added.

“New employment is not generated. Unemployment is rising in the country. During the 2014 elections, Modi had promised to give jobs 10 million people but today it has not even crossed to 1 lac. Petroleum price has been skyrocketing on every day basis. At present the price has reached up to Rs 70 per litre,” he informed.

“Now the central government is set to introduce bullet train, when they cannot even run normal trains properly. Trains derail every now and then claiming several lives. They are not even bothered to repair existing infrastructure. 22 died in stampede in Mumbai yesterday. Bullet train will benefit only 10% of train users. What about other 90% of train users?” he questioned.

“Whatever development takes place is India only benefits high profiled people, but not the ordinary people.” Ivan said.

Government help to the needy was distributed by Ivan D’Souza during the occasion.

 
  

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Comment on this article

  • RAJESH, mangalore

    Mon, Oct 02 2017

    ALFRED MARSHAL OF MANGALORE

    DisAgree Agree Reply Report Abuse

  • manohar, mangalore

    Sun, Oct 01 2017

    last two weeks even illiterate people become economist.. It is hard for the government to recommend people for noble price because last 2 week we have given birth to lots of economists...

    DisAgree [3] Agree [7] Reply Report Abuse

  • Praveen, Bedra

    Sun, Oct 01 2017

    Mr. Ivan please stop dreaming. We all know about what congis did in the past. You wont get seat to contest from Bedra. Mithun Rai is youth leader and he is working for the better development. So please stop dreaming.

    DisAgree [1] Agree [7] Reply Report Abuse

  • Vincent Rodrigues, Bengaluru/Katapadi

    Sun, Oct 01 2017

    Economic condition of the country is dwindling which even a common man experience

    DisAgree [9] Agree [4] Reply Report Abuse

  • Rathan, Mangalore

    Sun, Oct 01 2017

    As per many ppl BJP got chance because of 65 years of misrule
    These statements r by khangress /sickulars/ chaddiless ppl
    It requires minimum of 10 years to fill the "honda" created by
    misrule.so any thing to build is possible only after the "honda" is
    set right so have patience
    Further all such ppl r praising niddramayy that our state is
    shining/improving/super development since 2013 so is it not Karnataka
    is the part of India

    DisAgree [5] Agree [11] Reply Report Abuse

  • NN, Mangalore

    Sun, Oct 01 2017

    Implementation of demonetization and GST was in the best interest of the nation. The economic slow down was anticipated, because India's economy was partially underground cash base economy which was hit hard by the implementation of demonetization and GST. The result is increase in unemployment and decrease in GDP. This is a temporary scenario. India has gone through worst economic situation from 1947 to 1993 because of bad policies such as Swadeshi, Non-alliance, Licence Raj etc., combined with tough bureaucracy. Remember the days where one had to wait 2 years to get Ambassador car, 9 years to get Vespa scooter or 5 years to get even a telephone line. I had to obtain a license from post office to own a small transistor radio then. If moved my telephone from right side of the table to left side, I was subject to prosecution by the P & T department. Globalization has opened the doors for prosperity in India.

    Today, India is sitting over $400 billion foreign exchange reserve as against the economic bankruptcy like situation which took place in 1992, where RBI had to pledge gold from its reserve to London Bank to raise merely $200 millions to pay bills. No doubt, India's economy will bounce back stronger than ever before. One may not see the flames now, but the red coal fire is there !

    It is my opinion that the GST should have been implemented before the demonetization. Before implementing the demonetization, the following policies should have been put in place:

    1. One person, one bank account.
    2. All citizen over 18 must have one bank account.
    3. Exchange of currency only by depositing old notes in individual's bank account.
    4. Ban on opening new bank account during the 50 days exchange period.
    5. NRIs should have allowed to exchange old notes to the amount they were allowed to take out of the country on their first return after the demonetization.

    DisAgree Agree [14] Reply Report Abuse

  • Wilfred J. Lewis, Matpady-Brahmavar/ New York, USA

    Sat, Sep 30 2017

    Personally I know many noted Economists from last few decades. These Economists are well known at national and even international level. Their general view is that Mr. Modi is the first Prime Minister of India who took decisive steps to control black money, control irrational hike of property prices; these both are generated by Congress governments at the Center and at the State level and has been major problem to the working class. Modi government has taken proper steps to irradiate the poverty at all India level, also like western democracies has began taxation system...

    I wonder where esquire Ivan D' Souza learned his economics.

    DisAgree [2] Agree [14] Reply Report Abuse

  • Ivar, Mangaluru

    Sun, Oct 01 2017

    Hampanakatta rickshaw stand!

    DisAgree Agree [5] Reply Report Abuse

  • shan, dubai

    Sat, Sep 30 2017

    Modi had promised to give jobs 10 million people and he did it...... Nowadays I am watching any political party gathering so many people are attending with flags, strikes, agitation...... This is not Job???

    DisAgree [9] Agree [8] Reply Report Abuse

  • Desi Jawan, Mangalore

    Sat, Sep 30 2017

    Ivan DSOUZA
    To talk about Indian economy is a too big issue for a person like you who do not even understand it. First can you please talk and fix the problems of Mangaloreans who face deaths due to f bad roads, poor infrastructure, filthy markets, non availability of electricity, water and unhealthy conditions of public hospitals. Address the vehicle parking and undisciplined vehicle movements in Mangalore. First solve at your root level and start thinking big at national level.

    DisAgree Agree [13] Reply Report Abuse

  • Alwyn, Mangalore

    Sat, Sep 30 2017

    Mr. Ivan the issue you talked about many people knows . as a mangalorian instead of talking about those issues Please talk about the issues in mangalore You are in the capacity to raise those issues I don't know its in state govt or central govt hand but you can still use your office to raise those issues for example I am here in below writing the text messege I received today can you do some thing about it or talk on your next public speech so we manglorians keep Posted this is the whats app I recived today its a joke but its sounds like true

    Facts about Mangalore pumpwell flyover construction. This is an engineering marvel never attempted before. It's the first hand made modern flyover in India. About 4-5 highly 'skilled' masons are building this brick by brick with bare hands and minimum tools. When the work gets completed by year 2040 or 2050, it will be one of the most amazing 'historical' monument ever created, which will not only serve pedestrians but also serve cattles. Mangaloreans are fortunate to to be living here to witness this masterpiece

    DisAgree [2] Agree [35] Reply Report Abuse

  • Anil Mangalore, Mangalore

    Sat, Sep 30 2017

    Rightly said. I wish I had the mobile numbers of all local representatives (both BJP and Congress) so that they are aware what is lacking within their areas.
    I would request the representatives to identify the faults within their areas, push the contractors to complete the projects within a specified period and apply penalties, additionally ensure the payments are released on time :)
    ALL LOCAL LEADERS HAVE LIMITED TIME TO PROVE THEMSELVES IF THEY WANT TO BE ELECTED FOR THE NEXT TERM OR NOT.

    DisAgree Agree [8] Reply Report Abuse

  • Jagdish, Mangalore/Bangalore

    Sun, Oct 01 2017

    BJP or Congress members of Mangalore only busy doing press meets. Overall no development in the city.

    DisAgree Agree Reply Report Abuse

  • Joe Gonsalves, Mangalore

    Sat, Sep 30 2017

    A very good statement by Mr. Ivan D'Souza. Yes - a blunder has been made. Indeed corrective steps can now be taken to remedy the serious adverse situation. Hope all concerned seriously view the impact of a wrong decision and take immediate steps to correct the blunder.

    DisAgree [18] Agree [8] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Sat, Sep 30 2017

    Demonetization, GST & Bullet Train are Modi made Disasters ...

    DisAgree [22] Agree [27] Reply Report Abuse

  • MC POKA, Bajpe

    Sat, Sep 30 2017

    It's true that evonomy flattened right now
    But politicians like Ivan using this opportunity to criticize Modi Government...
    Ivan please don't fool people by calling these kind of press meets ... what you know about economy? Economy is not goli baje or ambade

    DisAgree [17] Agree [28] Reply Report Abuse

  • David Pais, Mangalore

    Sat, Sep 30 2017

    @MC POKA, Bajpe, indian economy is not a selling a chai.

    DisAgree [15] Agree [18] Reply Report Abuse

  • neeth, Mangalore

    Sat, Sep 30 2017

    Now all Tom, Dick and Harry have become economy experts

    DisAgree [7] Agree [27] Reply Report Abuse

  • Richard Noronha, Belman

    Sat, Sep 30 2017

    All should boycott paying GST ..

    DisAgree [10] Agree [16] Reply Report Abuse

  • Joseph F. Gonsalves, Bannur, Puttur / Mangalore

    Sat, Sep 30 2017

    THE COW GOVERNMENT ATE ECONOMIC GRASS.
    ECONOMY OF INDIA WAS DEVELOPED BY CONGRESS.
    IN COMA IS THE GOVERNANCE OF INDIA'S CATTLE CLASS.
    IN THREE YEARS BJP/NDA KEPT INDIAN ECONOMY IN DISTRESS
    INDIANS ARE IN DISTRESS FROM GST & DEMONETISATION'S COMPRESS.
    CHAAIWAALA IS ROAMING IN SITE SEEING WORLD WIDE IN PLEASURE TRIPS.

    DisAgree [15] Agree [19] Reply Report Abuse

  • H.Dsouza, Kodagu / Mangaluru

    Sat, Sep 30 2017

    Sir, Please when you make a statement, do homework first! you are too late to make this comment. Moreover you are not a finance expert, Sri. Sinha is well versed with Indian Economy. First tell y (our) CM to stop BHAGYA'S and create jobs first. With your so called Bhagya's, people work only for 3 days!in a week, this the fact in Karnataka. Take this as feedback, from a taxpayer and voter of Karnataka

    DisAgree [4] Agree [22] Reply Report Abuse

  • Kevin, Mangalore

    Sat, Sep 30 2017

    Indians are suffering punishment for voting for economic illiterates from the RSS/BJP.

    DisAgree [16] Agree [17] Reply Report Abuse

  • Richard Moras, Bejai,Mangalore

    Sat, Sep 30 2017

    The statement is joke of the century.

    DisAgree [18] Agree [21] Reply Report Abuse

  • Swamy, Mangalore

    Sat, Sep 30 2017

    Its not only economic emergency its emergency everywhere. This emergency is worst in the history of India. Its a lethal combination of Emergency, Dictatorship, Communalism, Divisive, Mafia, Moral Policing and Faking with the help of their own goon organizations.

    DisAgree [11] Agree [16] Reply Report Abuse

  • Praja kiya, Kudla

    Sat, Sep 30 2017

    Ye lle.
    Before every election new Boogie is getting rolled . During Bihar election it was Intolerance and Award Wapsi it clicked but after winning within few years Ghatbandan collapsed CM came out now running his state peacefully ???
    Uattar Pradesh somehow it did not work because YOGI's start was bright.
    Now another few months until election gets over we will have to patiently watch and listen many people talking and giving Gyan about Economy. Once election is over all fall sleep.

    DisAgree [2] Agree [11] Reply Report Abuse

  • Roshan Patrao, Traffic Warden, Mangalore

    Sat, Sep 30 2017

    Mr. MLC, you are too late in airing your views. What is the point in repeating what every citizen of the country already knows! Focus on current issues that are ailing the district and state, and solve them. It is your government in the state and in the city corporation.

    DisAgree [4] Agree [41] Reply Report Abuse

  • Clifford, MANGALORE

    Sat, Sep 30 2017

    Ivan Saab...
    Bullet train will benefit only 1% of train users.........

    DisAgree [8] Agree [25] Reply Report Abuse

  • SN, MANGALORE

    Sat, Sep 30 2017

    We agree that there were corruptions in UPA time, but economy growth was continuing unhampered. But now we dont know what is going to happen to the once strong economy. Propaganda has taken over everything else and people made to believe that all is well.

    DisAgree [12] Agree [22] Reply Report Abuse

  • Tom Cat, mumbai / mangalore

    Sat, Sep 30 2017

    Moral of the story do not elect congress or bjp as both are husband and wife party , they fight till they go to bed and make ullu of the voters.

    Congress in the state wants to dry river Netravathi and make dakshina kannada a desert.

    Both these parties should not elected in majority , the votes should be split between various parties.

    DisAgree [4] Agree [17] Reply Report Abuse

  • G R PRABHUJI, Mangalore

    Sat, Sep 30 2017

    Our Ex PM Manmohan Singh has already predicted long back.

    DisAgree [9] Agree [42] Reply Report Abuse

  • HENRY MISQUITH, Bahrain

    Sat, Sep 30 2017

    Indian economy towards ICU but who will listen Ivan Anna???

    DisAgree [8] Agree [49] Reply Report Abuse

  • Rajesh, Udupi

    Sat, Sep 30 2017

    the biggest fall out of demonetization is that every tom dick and harry stated talking economics, who cannot frame one single setennce properly on current afrairs otherwise..... LOL

    DisAgree [36] Agree [20] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Sat, Sep 30 2017

    Ivan has hit the nail on the Head ...

    DisAgree [21] Agree [34] Reply Report Abuse

  • Sachidanand Shetty, Mundkur/Dubai

    Sat, Sep 30 2017

    But few days back in one such CONGiss gathering….everybody said Karnataka is flourishing…. I still believe Karnataka in India only or maybe Pappu said Karnataka is land of NRIs’??? Let our country face any emergency….but any cost we don’t need scamster CONGiss at Centre or any State

    DisAgree [43] Agree [24] Reply Report Abuse

  • alan, mangalore

    Sat, Sep 30 2017

    Sachidanand, Yes there were scams when congress was in power, But Demonitisation was nothing short of the biggest , idiotic scam. Despite the scam by congress, they never brought the country economy to this doomed level. Feku will ensure that the country s economy will fall to such a level , that it will never recover for decades to come. Common sense should have dictated that almost 80% of the people deal in cash during transactions & not credit cards , like foreign countries. Such a foolish move & surprisingly , there was a lot of chest thumping, & pompous celebration , just like India shining campaign , Alas, this rhetoric was short lived, Feku has been totally exposed for what he is a pukka uneducated politician , trying to lead the country , with only one thing in mind , find fault with the previous govt. thats all.

    DisAgree [4] Agree [12] Reply Report Abuse

  • Deepak, Mang

    Sat, Sep 30 2017

    I think chor party head office circulate notice to all chindi chor ministers what topic to be raised in every week. The person who don’t know ABCD of economics also talks like expert. If we compare every chor ministers speech it’s almost same.

    DisAgree [46] Agree [22] Reply Report Abuse

  • L N Rego, Bendur

    Sat, Sep 30 2017

    Hello boss...BJPs own Yashawanth Sinha is a Fool, Subramanya swamy is Fool who critisized the move of demonetization and implementation of GST. You are the only expert now, ok...GDP downfall is a fraud? Petrol hike is also a fraud? tell us whats the truth? Leave party politics and join to strengthen our country by making the Rulers realise the truth.

    DisAgree [12] Agree [57] Reply Report Abuse

  • jeevan, kudla

    Sat, Sep 30 2017

    It.was effect of 65 yrs LOOT & TONS of CORRUPTION by khangis...

    DisAgree [84] Agree [35] Reply Report Abuse

  • prem, moodbidri

    Sat, Sep 30 2017

    same tune... sam 65e song...

    try something new bhakths... last time you succeeded, not every time you will :)

    People have realized, corrupt govt was better than Anti-India Govt

    DisAgree [10] Agree [33] Reply Report Abuse

  • Orton Cordeiro, Mangalore

    Sat, Sep 30 2017

    Jeevan Kudla, that is why people of India have give chance to 56 inch ka seena man Mr. Modi to rectify all errors of past 65 years

    DisAgree [2] Agree [18] Reply Report Abuse


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Title: Mangaluru: Country is facing economic emergency – Ivan D’Souza



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