2 types of Rs. 500, 1000 notes: Opp suspects biggest scam of century

Agencies
August 8, 2017

New Delhi, Aug 8: Opposition Congress, supported by TMC and JD(U), today forced four adjournments of the proceedings in the Rajya Sabha over what it called as "biggest scam of this century" in the printing of two different kinds of 500 and 1000 rupee notes.

Slogan-shouting Congress members trooped into the well even as Leader of the House and Finance Minister Arun Jaitley said the opposition party has been raising "frivolous" issues without giving notices to stall Zero Hour proceedings.

They were supported by Sharad Yadav (JD-U) who displayed copies of some currency notes. Some members including Derek O'Brien (TMC) displayed the new 500 rupee notes issued after demonetisation to show the different sizes they were bring printed.

He first offered to submit the notes to Jaitley for scrutiny and then walked up to him to explain to him the difference. He, however, did not leave the notes with the Finance Minister.

Jaitley said there is no provision in the rules that anyone could "flash any paper and say it is point of order." "There is a misuse of zero hour which is going on," he said, adding that the Congress first raised the issue of provision for None-Of-The-Above (NOTA) in the ballot for Rajya Sabha poll but then discovered that the provision had been made during their rule.

"You have been raising frivolous issues in the Zero Hour without giving notice" with a view to disrupt and not get replies, he said, but did not reply to the opposition contentions on different sized notes.

Raising the issue through a point of order, Kapil Sibal (Cong) said different sizes of the new high denomination currency was being printed - "one for the ruling party (members) and one for the others".

"We have today discovered the reason why the government did demonetisation (of old 500 and 1000 rupee notes in November last year)," he said. Leader of the Opposition Ghulam Nabi Azad (Cong) said "this is the biggest scam of this century."

As Law Minister Ravi Shankar Prasad and Minister of State for Parliamentary Affairs Mukhtar Abbas Naqvi countered, Azad said two types of notes are being printed.

"The government has no right to remain in office for even five minutes," he said. Deputy Chairman P J Kurien said even if there are two types of notes, it cannot be a point of order. "You raise the issue in a different form."

"It is a serious issue," O'Brien said as he displayed two 500 rupee notes that he said were different in size and design. Prasad asked opposition members to explain where they got the currency notes from.

Sharad Yadav (JD-U) said no country in the world has two notes of different sizes. "One is bigger, one is smaller," he said. "I can give signed (copies of the notes)."

Kurien said he is not an expert to examine the notes. "You give separate notice." "I will give them to Finance Minister," O'Brien said. Kurien said "give it to the Finance Minister, I have no objection."

Anand Sharma (Cong) said the credibility of the currency in circulation has been challenged. Kurien however said the issue cannot be taken up through a point of order and the members have to give separate notice.

Pramod Tiwari (Cong) said notice has been given, to which Kurien said the Chairman will examine them. As the din continued, Kurien adjourned the proceedings for 15 minutes.

After the adjournment, as Kurien asked the members again to give notice on the issue, O'Brien said he has given notice for discussion on demonetisation for the past three weeks, but the government has not yet listed the matter.

As the din continued, Kurien adjourned the House till noon. Similar noisy scenes were witnessed when the Question Hour was taken up by Chairman Hamid Ansari, who adjourned the proceedings for another 15 minutes.

When the House assembled again, the opposition members continued slogan-shouting, forcing Ansari to adjourn the House till one PM.

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News Network
March 19,2020

New Delhi, Mar 19: Hit hard by coronavirus, budget carrier IndiGo today announced that it will cut salaries of senior employees. IndiGo CEO Ronojoy Dutta, who will himself take a 25% cut in salary, said senior vice presidents and above are taking a 20% pay cut while vice presidents and cockpit crew are taking a 15% pay cut.

With precipitous drop in revenues, the very survival of airline industry is now at stake, Dutta said while announcing the pay cut. "We have to pay careful attention to our cash flow so that we do not run out of cash," Dutta said adding that he knew how hard it was for families to take a cut in "take-home pay".

"With a great deal of reluctance and a deep sense of regret, we are therefore instituting pay cuts for all employees, excluding Bands A and B, starting April 1, 2020," the chief executive officer said. Band A and B are the lowest brackets in salary class, where most of the employees are.

IndiGo's flight operations chief Ashim Mitra had written an email to pilots this morning saying that the economic environment has deteriorated significantly and no airline is insulated from this severe downturn.

"It has become a necessity to initiate some tough calls and we are working on a string of measures that will be shared and implemented over the next few days and weeks," Mitra said.

With countries sealing their borders partially or fully across the world due to the novel coronavirus pandemic, aviation sector has been hit extremely hard as most airlines globally have drastically curtailed their flight operations.

Another budget airline GoAir has already terminated contracts of expat pilots amid curtailed operations due to the coronavirus pandemic.

Citing "unprecedented" decline in air travel, the budget carrier announced it was suspending international operations and offering leave without pay programme to its staff on a rotational basis.

Government-owned Air India may also cut salary of employees by 5% amid its growing financial woes particularly in the wake of the coronavirus pandemic, which has nearly grounded its entire international operations. The reduction will be across the board, according to a PTI report.

The loss-making airline, which is in the process of a second attempt of privatization after failing to get a single buyer nearly two years ago, has already taken some steps such as reduced flying allowances to cabin crew besides withdrawing entertainment allowance to executive pilots, among others.

“Air India is considering a 5 per cent pay cut to its employees as it faces huge financial crisis due to the ongoing coronavirus outbreak, which has brought almost its entire international operations save the US, Canada and a few other markets, to the ground," a source told news agency.

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Agencies
August 2,2020

New Delhi, Aug 2: India's COVID-19 tally crossed the 17 lakh mark with 54,736 positive cases and 853 deaths reported in the last 24 hours.

"The total COVID-19 cases stand at 17,50,724 including 5,67,730 active cases, 11,45,630 cured/discharged/migrated and 37,364 deaths," said the Union Health and Family Welfare Ministry.

As per the data provided by the Health Ministry, Maharashtra -- the worst affected state from the infection -- has a total of 1,49,214 active cases and 15,316 deaths. A total of 4,31,719 coronavirus cases have been recorded in the state up to Saturday, as per the state health department.

Tamil Nadu has a total of 60,580 active cases and 4,034 deaths.

In Delhi, the total cases rose to 1,36,716, including 1,22,131 recovered/discharged/migrated cases and 3,989 deaths. There are 10,596 active cases in the national capital.

The total number of COVID-19 samples tested up to August 1 is 1,98,21,831 including 4,63,172 samples tested yesterday, said the Indian Council of Medical Research (ICMR) on Sunday.

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Agencies
May 13,2020

New Delhi, May 13: Finance Minister Nirmala Sitharaman on Wednesday announced Rs 3 lakh crore collateral-free automatic loan for businesses, including MSMEs.

This will benefit 45 lakh small businesses, she said detailing parts of the Rs 20 lakh crore economic stimulus package.

The loan will have 4-year tenure and will have a 12-month moratorium, she said.

Also, Rs 20,000 crore subordinated debt will be provided for stressed MSMEs, she said adding this would benefit 2 lakh such businesses.

The Finance Minister said a fund of funds for MSME is being created, which will infuse Rs 50,000 crore equity in MSMEs with growth potentials.

Also, MSME definition has been changed to allow units with investment up to Rs 1 crore to be called micro-units in place of Rs 25 lakh now.

Also units with turnover up to Rs 5 crore to be called micro-units, she said, adding a turnover based criteria is being introduced to define small businesses.

The investment and turnover limits for small and medium businesses have likewise been raised to allow them to retain fiscal and other benefits, she said.

Global tenders will be banned for government procurement up to Rs 200 crore, she said, adding this would help MSMEs to compete and supply in government tenders.

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JM
 - 
Thursday, 14 May 2020

Fully automatic loan..... not reachable to poor needy......

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