250 villagers abducted in Chhattisgarh on eve of Modi visit

May 9, 2015

Raipur, May 9: A hostage situation is continuing since last night in Sukma district of Chhattisgarh where around 250 villagers were seized by Maoist rebels on the eve of Prime Minister Narendra Modi's visit to neighbouring Dantewada.

Chhattisgarh naxalChief Minister Raman Singh said anywhere between 200 and 250 villagers were abducted by the Naxals from a few villages in Sukma district and efforts were being made by the local administration for their release.

"Around 200-250 villagers have been abducted and 4-5 others (locals) are negotiating their release," Singh told journalists after conflicting claims were made by police officials on the number of villagers kidnapped by the ultras.

"There is no confusion....the local administration is making efforts for their release," he said.

Eearlier, Additional Superintendent of Police, Sukma, Harish Rathore said anywhere between 400 and 500 villagers were "taken away" to the jungles by the rebels opposing construction of a bridge, while Inspector General of Police, Bastar region, R P Kalluri, called it a "fiction" created by the media.

Unspecified number of Maoist guerrillas had swooped down on Marenga and some adjoining villages within the Tongpal police stations limits and herded the villagers to the nearby forest.

Meanwhile, Prime Minister Modi, who was on a visit to neighbouring Dantewada today, said there was no future for violence in democracy.

"Only plough on the shoulders and not guns can bring development. And this will bring everyone to the mainstream of the country. There is no future for violence. The future is only of peaceful means.

"The birth place of Naxal movement Naxalbari has already given up this violent means. Don't get disheartened," he said.

"The macabre drama of death will end," he said, referring to naxal violence in the state, and added "a lot of people have been killed by "mad men on the path of violence".

The Prime Minister inaugurated a slew of development projects in south Bastar region, worst-hit by the Naxal menance, during his day-long stay in Chhattisgarh.
Union Home Minister Rajnath Singh said in Lucknow that the Centre was making efforts for the release of hostages.

Security forces are combing the area to secure the release of the abductees.
"A large number of armed cadre stormed into Marenga and adjoining villages under restive Tongpal police station limits late last night and took away 400-500 villagers, including women and children, along with them," ASP Rathore told PTI.

Kalluri, on the other hand, said, "The hostage situation is a fiction created by the media....Yesterday, some Maoists came to the village where bridge construction is underway and they have taken five-six labourers who were working on the bridge.
"As is the usual practice, some villagers of Marenga and nearby villagers have gone to the jungle to speak to the Maoists, negotiate and bring these five-six labourers back...but reports of 500-600 villagers held by Maoists is total fiction," he said.

The Maoists have been opposing construction of a bridge on a river near Marenga village that they apprehended would facilitate increased mobility of security forces during operations against them.

The Maoists, who have called for a boycott of the Prime Minister's visit and a 'Dandakaranya Bandh' yesterday and today, went on rampage in several parts of Chhattisgarh's insurgency-hit Bastar region, damaging rail tracks on Kirandul-Visakhapatnam route and blocking roads.

Naxals removed fish-plates between Kakloor-Kumarsakhla villages in Kodenar police station limits in Bastar district late last night, Police said.

Soon after getting information, security personnel were dispatched to the spot and repair was underway.

In view of the bandh, the Railways had already decided not to run passenger and goods trains on Visakhapatanam-Kirandul route during this period, he said.

The bandh has hit normal life in the Bastar region with private transporters suspending their services.

The ultras also blocked roads in the interiors of Sukma and Bijapur districts by felling trees and digging roads, the official said, adding there were reports of villagers being prevented from attending Modi's programmes in Dantewada.

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News Network
March 6,2020

New Delhi, Mar 6: Union Finance Minister Nirmala Sitharaman on Friday will move the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019 for consideration and passing in Lok Sabha.

In December last year, the Union Cabinet had approved a proposal to promulgate an ordinance to amend the Insolvency and Bankruptcy Code (IBC) 2016.

The amendments will remove certain ambiguities in the IBC 2016 and ensure smooth implementation of the code, an official statement said.

The move is aimed at easing the insolvency resolution process and promoting the ease of doing business. Aimed at streamlining of the insolvency resolution process, the amendments seek to protect last-mile funding and boost investment in financially-distressed sectors.

Under the amendments, the liability of a corporate debtor for an offence committed before the corporate insolvency resolution process will cease.

The debtor will not be prosecuted for an offence from the date the resolution plan has been approved by the adjudicating authority if a resolution plan results in change in the management or control of the corporate debtor to a person who was not a promoter or in the management or control of the corporate debtor or a related party of such a person.

The amendments are aimed at providing more protection to bidders participating in the recovery proceedings and in turn boosting investor confidence in the country's financial system.

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News Network
June 12,2020

New Delhi, Jun 12: Petrol price on Friday was hiked by 57 paise per litre and diesel by 59 paise a litre as oil companies adjusted retail rates - the sixth straight day of increase in rates since oil firms ended an 82-day hiatus of rate revision.

Petrol price in Delhi was hiked to Rs 74.57 per litre from Rs 74, while diesel rates were increased to Rs 72.81 a litre from Rs 72.22, according to a price notification of state oil marketing companies.

Rates have been increased across the country and vary in each state depending on the incidence of local sales tax or value added tax.

This is the sixth consecutive daily increase in rates since oil companies on Sunday restarted revising prices in line with costs, after ending an 82-day hiatus.

In six hikes, petrol price has gone up by Rs 3.31 per litre and diesel by Rs 3.42.

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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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