Advani, other BJP veterans get into a huddle after Kirti Azad's suspension

December 24, 2015

New Delhi, Dec 24: BJP veterans L K Advani, Murli Manohar Joshi, Shanta Kumar and Yashwant Sinha, who have been vocal against party leadership, today went into a huddle over developments in the party in the wake of MP Kirti Azad's suspension after he attacked Arun Jaitley over DDCA issue.lk

Azad has sought intervention of the 'margdarshak mandal', comprising Advani, Joshi, Atal Bihari Vajpayee, Prime Minister Narendra Modi and Home Minister Rajnath Singh, which was formed by BJP president Amit Shah after he took over the party reins.

Sources said Advani drove down to Joshi's residence and Shanta Kumar and Sinha joined them at noon for a meeting that lasted about an hour. The four leaders, who had virtually revolted against the Modi-Shah team after BJP's drubbing in Bihar Assembly election last month, are learnt to have discussed the situation arising out of Azad's suspension.

They had made a strong public statement after the Bihar poll debacle, saying the party has been "emasculated" in the last one year and was being "forced to kow-tow to a handful".

Cracking the whip yesterday, BJP suspended Azad, who has been leading a campaign against Finance Minister Arun Jaitley on alleged corruption in DDCA, charging him with anti-party activities and accusing him of "colluding" with Congress and AAP to bring it into "disrepute".

The action of the BJP Parliamentary Board to suspend him from the party's primary membership with immediate effect came three days after his press conference attacking Jaitley and subsequent acts of defiance both inside and outside Parliament.

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News Network
February 29,2020

Kollam, Feb 29: Seven-year-old Devananda, whose body was found in a lake, was laid to rest at Kudavattoor in the Kollam district of Kerala on Friday evening.

She was laid to rest near her father Pradeep Kumar's house in Kudavattoor. Earlier, the body was kept at her mother Dhanya's house in Ilavoor and Vakkanadu school, where she studied in Class 1, for the public to pay respect.

Hundreds of people visited to pay their last respects to the child.

An intense social media campaign was launched to trace the child after she was reported missing on Thursday morning.

According to police, an autopsy conducted in Thiruvananthapuram Medical College led to a preliminary conclusion that the cause of death was drowning. Residues of mud and silt have been found in her respiratory tract.

Signs of any kind of violence inflicted on the child have been ruled out. The body was released to the family after the autopsy.

Chief Minister of Kerala Pinarayi Vijayan and Opposition leader Ramesh Chennithala, BJP state president K Surendran were among many politicians who offered the condolences.

Many celebrities including Mammootty, Dulqar Salman, Kunchako Boban took to Facebook to pay their tribute to Devananda.

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Agencies
June 22,2020

Mumbai, Jun 22: After downgrading India's outlook to negative from stable, Fitch Ratings on Monday revised the outlook on nine Indian banks to negative.

The outlook on the Long-Term Issuer Default Ratings (IDR) was revised to negative from stable due to the banks' high dependence on the Centre to re-capitalise them.

Accordingly, the IDR outlook of the Export-Import Bank of India, the State Bank of India, the Bank of Baroda, the Bank of Baroda (New Zealand), the Bank of India, the Canara Bank, the Punjab National Bank, ICICI Bank and Axis Bank Ltd have been downgraded to negative.

"At the same time, Fitch has affirmed IDBI Bank Limited's (IDBI) IDR while maintaining the outlook at negative," Fitch said in a statement.

The rating actions follow Fitch's revision of the outlook on the 'BBB-' rating on India to negative from stable on June 18, due to the impact of the escalating coronavirus pandemic on India's economy.

"The IDRs for all the above Indian banks are support-driven and anchored to their respective SRFs," the statement said.

"They are based on Fitch's assessment of high to moderate probability of extraordinary state support for these banks, which takes into account our assessment of the sovereign's ability and propensity to provide extraordinary support."

According to the statement, the negative outlook on India's sovereign rating reflects an increasing strain on the state's ability to provide extraordinary support, due to the sovereign's limited fiscal space and the significant deterioration in fiscal metrics due to challenges from the COVID-19 pandemic.

"The rating action does not affect the banks' Viability Rating (VR). EXIM does not have a VR as its role as a policy bank makes an assessment of its standalone credit profile less meaningful."

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News Network
February 1,2020

New Delhi, Feb 1: Prime Minister Narendra Modi on Saturday greeted the Indian Coast Guard on its raising day, appreciating its efforts to keep the country's coasts safe.

The Coast Guard came into being in 1977.

"Greetings to the Indian Coast Guard on their foundation day. Our Coast Guard has made a mark due to their remarkable efforts to keep our coasts safe," Modi tweeted.

The prime minister said the force's "concern towards the marine ecosystem is also noteworthy".

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