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Advani BJP's tallest leader: Shiv Sena

Agencies
March 23, 2019

Mumbai, Mar 23: The Shiv Sena on Saturday said L K Advani would remain the "tallest leader" of the BJP irrespective of his poll presence, two days after the party nominated its chief Amit Shah from Gandhinagar, a seat represented by the BJP patriarch.

In an editorial in the party mouthpiece "Saamana", the Sena said Shah contesting in place of Advani is politically translated as the 'Bhishmacharya' of Indian politics being "forced" to retire.

"Lal Krishna Advani is known as the 'Bhishmacharya' of Indian politics, but his name does not feature in the list of BJP's candidates for Lok Sabha polls, which is not surprising," the edit said.

The Sena said the development underlined that the BJP's Advani era has come to an end.

"Advani has been elected from Gujarat's Gandhinagar constituency six times. Now, Amit Shah will be contesting from that seat. This simply means Advani has been forced to retire," the editorial said.

Marking a generational shift in the BJP, the party recently announced candidature of Shah, who will be contesting his debut parliamentary election, from Gandhinagar.

Advani, 91, had served as Union home minister and deputy prime minister. He won the Gandhinagar seat six times.

After Prime Minister Narendra Modi led the BJP to massive victory in 2014 and Shah was made the party president, Advani was made a member of Margdarshak Mandal (group of mentors).

The Sena said, "Advani was one of the founding members of the BJP, who along with former prime minister Atal Bihari Vajpayee steered the rath of the party ahead.

"But today, Modi and Shah have taken the place of them (Vajpayee and Advani). An environment has already been created in the party to ensure that seniors do not get any responsibility this time," it stated.

The Sena further said Advani has played a "long innings" in politics and would remain the "tallest leader" of the BJP.

The Sena is contesting the next month's Lok Sabha elections in alliance with the BJP.

The Sena said it didn't believe that a leader retains his top position only if he continues to be in active politics.

The Uddhav Thackeray-led party also attacked the Congress which has said the Gandhinagar seat has been snatched from Advani.

"The party (Congress) should not talk about insult to elders. The then prime minister P V Narasimha Rao, who had steered the Congress governments in difficult times, was insulted by the party even after his death," it said.

The Sena also referred to the 2013 incident when Rahul Gandhi tore an ordinance (on protecting convicted lawmakers) in the presence of the then prime minister Manmohan Singh.

"What happened with Sitaram Kesari (former Congress president who was succeeded by Sonia Gandhi)?....Therefore it does not suit the Congress to talk about respecting elders," the Sena said.

Praising Advani, the Sena said he was responsible for expanding the BJP's footprint across the country.

"Every shining sun has to set. The BJP could reach the top because of Advani's 'Rath yatra' in Ayodhya in 1990s. The BJP is reaping (dividends) because of Advani's toil," the Sena said.

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Agencies
August 6,2020

Mumbai, Aug 6: Former Reserve Bank of India governor Raghuram Rajan said on Thursday that overly focusing on what sovereign rating agencies think can take one's eyes off what needs to be done for the economy.

"It is also important to convince both domestic and international investors that after the crisis associated with the pandemic is over, we will return to fiscal responsibility over the medium term, and the government should do more to convince them of that," Rajan told the Global Markets Forum.

India was placed under one of the strictest lockdowns in the world in late March for more than two months to stem the spread of the coronavirus, but cases have continued to rise steadily since the government eased restrictions in June, stymieing hopes of an economic recovery.

The government has announced several initiatives to help the poor and small- and medium-size businesses, but actual cash outgo from the government's measures has been estimated at just about 1% of GDP.

Several attribute the fiscal prudence to fear of a downgrade after Moody's cut India's rating and outlook in early June followed closely by a change in outlook from Fitch.

The central bank on its part too has reduced the key lending rate by 115 basis points on top of the 135 bps last year and is widely expected to cut rates by another 25 bps later on Thursday.

"The RBI and government have certainly been cooperating, but it seems like it is elsewhere, the ball is in the government's court to do more," Rajan said.

He said the RBI needs to focus on whether credit is reaching the stressed areas of the economy and also if the viable firms were able to access credit and not the unviable ones.

"And I think that's where it has to focus its attentions, because resources, as you well know, are limited in India today."

Recently analysts, however, have cited the growing possibility the RBI may prefer to pause and cut rates only at its October meeting.

Government officials too have suggested the possibility of any more fiscal stimulus being announced, would only come in the second half of the fiscal year, once a recovery has taken root and coronavirus cases have peaked.

"What India should focus on at this point is protecting its economic capabilities, so that when it has dealt with the virus it can go resume activity in a reasonable way. That should be the focus," Rajan said.

"And if it does that, there is no reason why the rating agencies will not see that as an appropriate policy".

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News Network
March 5,2020

Mumbai, Mar 5: Jet Airways founder Naresh Goyal and few others have been booked by the ED in a money laundering case even as the agency is conducting searches at his premises, officials said on Thursday.

They said a criminal case against the former chairman of the airlines has been filed under the Prevention of Money Laundering Act (PMLA) after taking cognisance of a recent Mumbai Police FIR filed against him.

The Enforcement Directorate carried out raids at Goyal's premises in Mumbai on Wednesday and also questioned him after filing the case, they said.

The action is continuing, they added.

The Mumbai Police FIR pertains to charges of alleged fraud by Goyal and others against a Mumbai-based travel company.

Goyal has earlier been grilled by the central probe agency in a case filed under the Foreign Exchange Management Act (FEMA) in September last year.

The agency had carried out similar raids, under the FEMA, in August last year against Goyal, his family and others.

ED has alleged in the past that the businessman's empire had 19 privately-held companies, five of which were registered abroad.

The agency is probing charges that these firms allegedly carried out “doubtful” transactions under the guise of selling, distribution and operating expenses.

The ED suspects that expenses at these companies were allegedly booked at fake and high costs and as a result, they “projected” huge losses.

Alleged shady aircraft lease transactions with non-existent offshore entities are also under the ED scanner and it is suspected that Jet Airways made payments for lease rental to “ghost firms”, which purportedly routed the ill-gotten money in Goyal's companies.

A full-service carrier, Jet Airways shut its operations in April last year after running out of cash.

A month earlier, Goyal had stepped down as the chairman of Jet Airways.

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News Network
April 15,2020

New Delhi, Apr 15: Tablighi Jamaat leader Maulana Saad Kandhalvi has been booked for culpable homicide after some of the attendees of the religious congregation died due to coronavirus, police said on Wednesday.

Kandhalvi had organised the religious gathering at Nizamuddin Markaz last month against the social distancing protocol imposed by the Centre to curb the spread of the deadly disease.

An FIR was registered against the cleric on March 31 at Crime Branch police station on a complaint of the Station House Officer of Nizamuddin.

He was earlier booked for holding the event, police said.

“After several attendees of the Tablighi Jamaat event succumbed to coronavirus, we added IPC section 304 (culpable homicide not amounting to murder) in the FIR against the leader, a police official said.

Some foreigners who attended the event have also been booked for violation of visa norms.

In an audio message, Kandhalvi had said that he was exercising self-quarantine after several hundreds who visited the Tablighi Jamaat congregation at Nizamudddin Markaz tested positive for coronavirus.

The FIR registered against the Tablighi Jamaat event says that the Delhi Police contacted the authorities of Nizamuddin Markaz on March 21 and reminded them of the government order which prohibited any political or religious gathering of more than 50 people.

It says that despite repeated efforts, the event organisers failed to inform the health department or any other government agency about the huge gathering inside the Markaz and deliberately disobeyed government orders.

“The sub district magistrate of Defence Colony inspected the premises several times and found that around 1,300 people, including foreign nationals, were residing there without maintaining social distance. It was also found that there were no arrangements of hand sanitizers and face masks,” the FIR adds.

The Nizamudddin centre, attended by thousands, turned out to be a hotspot for spread of coronavirus not only in the national capital, but the entire country.

More than 25,500 Tablighi members and their contacts have been quarantined in the country after the Centre and the state governments conducted a "mega operation" to identify them.

At least 9,000 people participated in the religious congregation in Nizamuddin. Later, many of the attendees travelled to various parts of the country.

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