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Tuesday
August 2020
12:06 AM IST
News Headlines
NIA arrests six more people and conducts searches at 6 places in Kerala gold smuggling case        Union Minister observes fast as BJP seeks to step up pressure on Ker govt in gold smuggling case        Kerala crosses 25,000 COVID-19 cases as 1,169 test positive        Heavy rains forecast in Kerala this week; Low pressure likely in Bay of Bengal        Shah tests +ve for COVID-19, admitted to Medanta hospital in Gurugram        International passengers with negative COVID-19 test report can skip institutional quarantine: Govt        High time Mehbooba Mufti is released, says Rahul Gandhi        Death toll in Punjab spurious liquor tragedy rises to 104        Trump Says Federal Government Should Seek Death Penalty For Boston Bomber        Khamenei''s top aide praises Turkey''s Hagia Sophia move        IPL GC Meet: Final on Nov 10, Chinese sponsors intact, COVID replacements allowed        2nd ODI: Bairstow, Rashid shine in England''s 4-wicket win over Ireland        Kerala''s COVID-19 tally inching towards 25,000 mark, 1129 ccases, death toll climbs to 82        Kerala police SI dies of COVID-19; first from the force to succumb to the virus        If high command forgives rebels, I will welcome them back: Gehlot        Former SP leader and Rajya Sabha MP Amar Singh dies at 64        Wild fire: 200 homes evacuated in Southern California        Emirati nuclear plant successfully starts up first reactor        Ready to push for continued advancement of China-Nepal ties: Xi        Some 17,000 people hit streets of Berlin to protest COVID-19 measures        
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Business News
India must prepare for fighting coronavirus and economic slowdown: Rahul
 
Asserting that an "economic tsunami" was coming, Congress leader Rahul Gandhi on Tuesday said India should be preparing itself not just to fight the coronavirus but also for the economic devastation that would affect crores of people.

Gandhi also attacked Prime Minister Narendra Modi over the economic situation in the country, saying the PM should get his head "out of the sand" to deal with the problem facing the country.

"Indian economy will be devastated. It is like a tsunami is coming," the former Congress president told reporters outside Parliament.

Narrating an incident to highlight the gravity of the economic situation, he said that before the tsunami came, water receded off the Andaman and Nicobar Islands and when fishermen went to sea, the tsunami struck.

"So the water is going to come. I have been warning the government that a massive (economic) tsunami is coming and they are fooling about, they are not clear about what to do. India should be preparing itself not just for COVID-19 virus but for the economic devastation that is coming," he said.

"I am saying it again and again, nobody is listening to me. I am sorry to say, our people are going to go through unimaginable pain in the next six months," he said.

An "economic tsunami" is coming and there is going to be an economic shock which will affect crores, he said.

Asked about Moody's Investors Service lowering India's GDP growth forecast for 2020 calendar year to 5.3 per cent, on coronavirus implications on the economy, Gandhi alleged that it was Prime Minister Modi's mindset to be rated by some outsiders.

"I am not bothered about what the outsiders are saying, I understand what our strengths are. These (government) people do not believe in our strengths. These people want to be rated by Moody's, by Standard & Poor's, to be rated by Mr (Donald) Trump. I don't give a damn about that rating," he said.

He urged the government to prepare according to India's strengths and claimed that if steps were not taken, there will be economic devastation.

"I am trying to tell the prime minister 'get your head out of the sand. Your head is right now in the sand, pull it out, look around what is going on'. Don't be scared, remove the fear you have carried all your life because India needs you to do that," Gandhi said.


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KERALA NEWS
Kerala crosses 25,000 COVID-19 cases as 1,169 test positive
 Thiruvananthapuram: Kerala on Sunday crossed the 25,000 mark in COVID-19 cases as 1,169 more people  
Heavy rains forecast in Kerala this week; Low pressure likely in Bay of Bengal
Kerala police SI dies of COVID-19; first from the force to succumb to the virus
Kerala reports 1,310 COVID-19 cases; 3 deaths takes toll to 73
INTERNATIONAL NEWS
Trump Says Federal Government Should Seek Death Penalty For Boston Bomber
 WASHINGTON: US President Donald Trump says the federal government must seek the death penalty for Bo
Khamenei''s top aide praises Turkey''s Hagia Sophia move
Wild fire: 200 homes evacuated in Southern California
Emirati nuclear plant successfully starts up first reactor
NATIONAL NEWS
Union Minister observes fast as BJP seeks to step up pressure on Ker govt in gold smuggling case
 New Delhi: Union Minister V Muraleedharan on Sunday observed a day-long fast at his residence here d
Shah tests +ve for COVID-19, admitted to Medanta hospital in Gurugram
International passengers with negative COVID-19 test report can skip institutional quarantine: Govt
High time Mehbooba Mufti is released, says Rahul Gandhi
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