'Acche din' only for Modi, his businessmen friends: Rahul Gandhi

May 15, 2015

Nirmal (Telangana), May 15: Targetting Prime Minister Narendra Modi, Congress vice president Rahul Gandhi on Friday said "acche din" have come only for Modi and few businessmen close to him.

Addressing a public meeting at Wadial village near here, he said Modi has five to six businessmen friends and the entire country was being run for them.

rahul"It is a government of selected people. It is a government of suit-boot and selected industrialists," said Gandhi after winding up 15-km long padyatra in Adilabad district to console families of farmers who committed suicide due to financial distress.

"Acche din" have not come for people but for Modi, who is visiting different countries, he quipped.

In another dig at Modi, he asked the crowd: "Is there anybody among you who wears a Rs.10 lakh suit."

"Modiji wears it," he added.

"One year has passed. Did anybody among you get a job which Modiji at centre and mini-Modi in Telangana (Chief Minister K. Chandrasekhar Rao) had promised," he asked.

The Congress vice chief claimed that wherever goes, people tell him that they committed a mistake by voting for the National Democratic Alliance. He said both the NDA and the Telanagana Rashtra Samithi respectively had promised that they will change India and Telangana but forgot farmers who can bring the real change.

Hitting out at the NDA government for proposed amendment to land acquisition law, the Congress leader said the government want to snatch the lands of farmers and give them to few industrialists who are close to Modi.

He said the central and state governments have thousands of acres of land with them and pointed out that 40 percent of lands in Special Economic Zones (SEZs) created by United Progressive Alliance (UPA) government is lying unused. Gandhi also cited Finance Minister Arun Jaitley's admission that only eight percent of the projects are stalled for want of land.

"They want to snatch your land because land is gold. The price of land in coming years will increase manifold and this will benefit you and your children," he told farmers.
Gandhi, however, clarified that his Congress party is not against development.

"Industries should come. There should be partnership between industries, farmers and labourers. We are against crony capitalism. Crony capitalism means give everything to two to three industrialists," he said.

Stating that the NDA government is trying to pass the land bill in a hurry, he alleged that this will give powers to the government to take farmers' lands without their consent, which was made mandatory by the UPA government.

Gandhi said the government was also trying to do away with existing provision for returning lands to farmers if projects don't come up in five years and also the provision for social audit on the impact of land acquisition on farmers.

Hitting back at NDA and TRS for criticising him for meeting families of farmers who committed suicide, he said if Modi and Chandrasekhar Rao had visited them, there was no need for him to do so.

The Congress leader also took a dig at them for not bothering to visit farmers who lost crops in unseasonal rains.

Gandhi, who consoled five families and gave cheques of Rs.2 lakh each, said the Congress, while in power, always came to the rescue of farmers in times of natural calamities or to solve other problems.

He recalled that the UPA government waived Rs.70,000 crore of farm loans, and also provided Rs.8 lakh crore bank loans to farmers in 10 years, thus increasing the agriculture credit by 700 percent.

Congress' state unit president Uttam Kumar Reddy said 700 farmers committed suicide in the state during 11 months.

Former union minister S. Jaipal Reddy, and senior leaders K. Jana Reddy, Mohammed Ali Shabbir, V. Hanumanth Rao, and Mallu Batti Vikramarka also spoke at the meeting.

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News Network
January 21,2020

Jan 21: Indian policymakers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home.

Investors are speculating about potential steps Finance Minister Nirmala Sitharaman could unveil when she presents the nation’s budget on Feb. 1. These measures may include freeing up firms to borrow at higher rates and offering tax breaks to global funds.

“The government will need to relax local rules to make it easier for Indian companies to raise debt overseas and tide over the funding crunch in the onshore market,” said Raj Kothari, London-based head of trading at Jay Capital Ltd. “At the same time, they need to ensure that the borrowers tapping offshore markets abide with stricter corporate governance so as to avoid further defaults.”

A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding. The government has tried a series of measures to spur domestic credit, including providing so-called credit enhancement and allowing tiny firms to restructure debt.

Here are some steps Sitharaman may consider to spur foreign borrowing:

• She could raise the cap of 450 basis points above Libor, which limits overall foreign debt costs for Indian companies

• This could help lower-rated firms sell bonds abroad. Indian companies rated BBB currently borrow at more than 10%, about 3.8 percentage points more than their top-rated peers;

• Sitharaman could waive the withholding tax foreign investors need to pay on holdings of rupee-denominated debt sold by Indian companies abroad

• The waiver was offered between September 2018 to March 2019, but wasn’t extended as the highest global interest rates since the financial crisis deterred Indian borrowers. Since then, the three-month Libor has dropped by about 1 percentage point

• She could permit Indian property developers and housing finance lenders to sell overseas bonds for reasons beyond affordable housing projects

• New funding lines to the real estate sector, arguably ground zero of India’s economic slowdown, could help kickstart consumption and investment as the industry is the nation’s biggest job-creator.

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News Network
May 27,2020

Mumbai, May 27: The Maharashtra government on Tuesday ordered re investigation by the CID into the suicide of a 53-year-old interior designer and his mother, allegedly over non-payment of dues by TV journalist Arnab Goswami and two others.

State Home Minister Anil Deshmukh said he ordered re investigation after Adnya Naik, daughter of interior designer Anvay Naik, claimed that Alibag Police in neighbouring Raigad district did not probe the non-payment of dues which had driven her father and grandmother to suicide.

"Adnya Naik had complained to me that #AlibaugPolice had not investigated non-payment of dues from #ArnabGoswami's @republic which drove her entrepreneur father & grandmom to suicide in May 2018," Deshmukh tweeted.

"I've ordered a CID re-investigation of the case," the minister, an NCP leader, added.

He also used the hashtag "Maharashtra government cares" while sharing the tweet. Earlier this month, the police registered an abetment of suicide case against Republic TV editor-in-chief Goswami and two others.

The suicide note purportedly written by Anvay Naik, managing director of Concorde Designs Private Limited, said he was forced to take his life as he was not paid dues of Rs 5.40 crore by the three accused.

Republic TV denied the allegation and said that certain vested interest groups were running "a false and malicious campaign and making false statements and innuendos against the company by exploiting the tragic event".

Mumbai Police are also conducting a probe against Goswami over his statements about the Palghar lynching case of April this year.

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Agencies
June 29,2020

New Delhi, Jun 29: The Supreme Court on Monday asked the Central government to find out the facts related to blacklisting and canceling of visas of foreign nationals who attended the congregation of Tablighi Jamaat in Nizamuddin area here.

A three-judge bench headed by Justice AM Khanwilkar and also comprising Justices Dinesh Maheshwari and Sanjiv Khanna asked the Centre to find out the facts related to the matter and fixed it for further hearing on July 2.

The apex court asked Solicitor General Tushar Mehta "if visas of these foreigners are canceled, then why are they still in India?"

"You (Centre) can deport them. If visas are not canceled, then, it is a different situation," the court said. The top court was hearing a number of petitions challenging blacklisting and cancellation of visas filed by few foreigners.

Mehta sought more time to file a reply on the matter, after which the court posted the matter for further hearing on July 2.

The petitions, filed by the foreign nationals from 35 countries, have sought directions to the Ministry of Home Affairs (MHA) to remove their names from the blacklist, reinstate their visas and facilitate their return to their respective countries.

The petitions sought to declare the decision of the MHA of blacklisting the foreign nationals who attended the Tablighi Jamaat congregation as "arbitrary".

"Unilateral blacklisting of 960 foreigners by the Home Ministry vide press release dated April 2, 2020, and the subsequent blacklisting of around 2500 foreigners as reported on June 4, 2020, is in violation of Article 21. Therefore, it is void and unconstitutional as the petitioners have neither been provided any hearing nor notice or intimation in this regard," the plea said.

One of the petitioners named Fareedah Cheema, a Thai national in the seventh month of her pregnancy, said she was quarantined in March, like other foreign nationals but was released from quarantine only in late May and is still at a facility under restricted movements, without the avenue to go back to her home nation and experience the birth of her child with security and dignity, with her loved ones.

These foreign nationals presently in India were blacklisted for a period of 10 years from traveling to India for their alleged involvement in Tablighi Jamaat activities.

The Home Ministry had said that foreign Tablighi Jamaat members, who were staying in India in violation of visa rules during the nationwide lockdown implemented to combat the COVID-19 spread, have been blacklisted.
A large congregation organised by Tablighi Jamaat in the national capital in March had emerged as a major COVID-19 hotspot in the country.

The government had said the decision of banning the foreign Tablighi Jamaat members was taken after details of foreigners found illegally living in mosques and religious places emerged from various states across the country.

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