Apologise if you can't fulfil black money promise:Oppn to govt

November 26, 2014

New Delhi, Nov 26: The government today came under a blistering attack from the opposition in Rajya Sabha on the issue of black money, with Congress asking it to apologise before people for "selling lies" or else fulfil the poll promise made to them.anand sharma

Initiating a discussion on black money, deputy leader of Congress Anand Sharma said that when the BJP leaders were in the opposition, they had "misled" the country by making tall promises of bringing back the black money stashed away abroad.

Sharma said Prime Minister Narendra Modi, during BJP's poll campaign, had claimed that black money was to the tune of Rs 85 lakh crore.

He said Modi had also said that black money stashed abroad is equal to five Union budgets and that it was enough to put Rs 15 lakh in the account of all Indian citizens.

The Congress leader said that after assuming office, there has been a change in stance of the Prime Minister and now the quantum of black money is no longer known.

"Today, November 26, 2014, exactly six months after the government has taken over, there is a three sixty degree turn on the issue...Earlier everything was known, now nothing is known," Sharma said.

He claimed that leaders of the ruling party were "neither sincere nor serious" in their talk about black money earlier.

Taking a dig at BJP's election slogan, he said "achche din (good days)" have come and people are waiting for Rs 15 lakh to be put in their accounts as promised to them.

He said that then BJP chief Rajnath Singh, now the Union Home Minister, had said that if BJP is voted to power, black money would be brought back within hundred days.

Sharma claimed that the UPA government had done a lot of work on the issue of black money. "What additional information has the government got in the last six months apart from the information that the UPA was able to obtain," he asked.

He asked the government to act and fulfil the poll promises and if they cannot they should tell the people, "We sold lies but now we will try as a government."

Sharma also expressed concern over the way black money can be circulated and could be at play in various sectors like real estate.

He said that in the last few years the debate on black money had been very very loud, very political and this issue had been used as a tool to attack the earlier government.

He also referred to the agitation led by yoga guru Ramdev on the issue.BJP MP Vijay Goel said Congress was attacking the Modi government on the issue of black money when it had not done much itself.

He said those blaming NDA on the issue, refuse to understand that it has only been in power for six months and steps have been taken to fulfil promises made to the people.

Goel said that it was for Congress to answer questions as to how black money was stashed abroad when the party ruled at the Centre. He said that for three years, despite Supreme Court orders, the UPA had not constituted an SIT on black money.

By constituting SIT, the Modi government had given a message that it was serious on the issue, he said.

Ramgopal Yadav (SP) said black money is a serious issue and it is weakening the real economy.

He said the government had made promises to the people and people had believed what Narendra Modi had said.

Yadav said NDA is in power and now it is its duty to get back black money.He said the consequences of not fulfilling these promises would not be pleasant.

Derek O'Brien (TMC) accused the BJP of running a multi-billion dollar election campaign and also alleged that the current government has no intention to bring back black money.

He said domestic black money comes back into the real estate and stock market via tax havens in the form of Participatory Notes (PNs). The TMC leader demanded that PNs should not permitted.

Senior JD-U Sharad Yadav said the government cannot bring back money stashed in off-shore accounts and demanded that the government should concentrate on recovery of non-performing assets of banks and create employment.

Yadav also took a jibe at Prime Minister Narendra Modi saying he himself has admitted in his 'mann ke baat' (aired on All India Radio) that no-one knows the amount of black money.

A Navaneethakrishnan (AIADMK) said government was capable of bringing back the illicit funds.

BSP chief Mayawati said huge quantity of illegal funds have been stashed in off-shore accounts since Independence and various political parties which ruled at Centre are responsible for that.

She said the main promise of BJP during elections was that black money would be brought back and every Indian would get Rs 15-20 lakh in their accounts. She said UPA government was not serious on the black money issue and so is the present BJP-led NDA government.

Terming the PNs as biggest source of black money, Sitaram Yechury (CPI-M) demanded ban on them. He said government should revisit most of the DTAAs.

Another way to deal with black money issue, he said, was electoral reforms to check poll spending of political spendings.

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News Network
February 14,2020

New Delhi/Washington, Feb 14: India has offered to partially open up its poultry and dairy markets in a bid for a limited trade deal during US President Donald Trump's first official visit to the country this month, people familiar with the protracted talks say.

India, the world's largest milk-producing nation, has traditionally restricted dairy imports to protect the livelihoods of 80 million rural households involved in the industry.

But Prime Minister Narendra Modi is trying to pull all the stops for the US President's February 24-25 visit, aimed at rebuilding bonds between the world's largest democracies.

In 2019, President Trump suspended India's special trade designation that dated back to 1970s, after PM Modi put price caps on medical devices, such as cardiac stents and knee implants, and introduced new data localization requirements and e-commerce restrictions.

President Trump's trip to India has raised hopes that he would restore some of the country's US trade preferences, in exchange for tariff reductions and other concessions.

The United States is India's second-largest trade partner after China, and bilateral goods and services trade climbed to a record $142.6 billion in 2018. The United States had a $23.2 billion goods trade deficit in 2019 with India, its 9th largest trading partner in goods.

India has offered to allow imports of US chicken legs, turkey and produce such as blueberries and cherries, government sources said, and has offered to cut tariffs on chicken legs from 100 per cent to 25 per cent. US negotiators want that tariff cut to 10 per cent. The Modi government is also offering to allow some access to India's dairy market, but with a 5 per cent tariff and quotas, the sources said. But dairy imports would need a certificate they are not derived from animals that have consumed feeds that include internal organs, blood meal or tissues of ruminants.

New Delhi has also offered to lower its 50 per cent tariffs on very large motorcycles made by Harley-Davidson, a tax that was a particular irritant for President Trump, who has labelled India the "tariff king." The change would be largely symbolic because few such motorcycles are sold in India.

President Trump will be feted in PM Modi's home state of Gujarat, then hold talks in New Delhi and attend a reception that the hosts have promised will be bigger than the one organised for former president Barack Obama in 2015.

But it is far from clear whether India's offers will be enough to satisfy US Trade Representative Robert Lighthizer, who cancelled plans for a trip to India this week. Instead, he has held telephone talks with Commerce Minister Piyush Goyal.

The US dairy industry remained sceptical on Thursday that a viable deal is at hand.

"We're always looking for market access, but in terms of India, as of today I'm not aware of any real progress going on," said Michael Dykes, president of the International Dairy Foods Association and a member of USTR's agricultural trade policy advisory committee.

Mr Dykes said the US dairy industry was looking for access in viable commercial quantities.

A USTR spokesman and India's trade ministry did not respond to requests for comment.

A parliament panel is reviewing a draft data privacy law that imposes stringent controls over cross-border data flows and gives the government powers to seek user data from companies.

It is not clear whether it will be passed, or in what form, but the possibilities have unnerved US companies and could raise compliance requirements for Google, Amazon.com Inc, and Facebook.

The draft law is not part of the trade discussions, Indian officials say, because the issue is too difficult to resolve at the same time.

"The privacy and localization piece will be raised independently and in concert with the trade discussions," said a Washington-based source with knowledge of the US administration's thinking.

President Trump on Tuesday was non-committal about sealing a trade deal before his visit. "If we can make the right deal, we'll do it," he told reporters.

Two US sources said progress had been made on proposed alterations to the medical device price caps. India's new import tariffs on medical devices, walnuts, toys, electronics and other products on February 1 surprised US negotiators, however.

The new tariffs were aimed at China, which also makes medical devices, according to an Indian government source. "We have to protect our market and our companies," the source said.

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News Network
April 2,2020

Mumbai, Apr 2: NCP chief Sharad Pawar on Thursday

urged Muslims to observe Shab-e-Barat staying inside their homes, and also suggested that the birth anniversary celebrations of Dalit icon Dr B R Ambedkar be postponed in view of the coronavirus outbreak.

Pawar said Ram Navami, being observed on Thursday, is celebrated with fervour every year across the country.

"Unfortunately, there is this threat of coronavirus this year and we have to observe some restrictions...but I am sure people must be remembering Lord Ram staying inside their homes," he said in his address via Facebook.

Shab-e-Barat, also known as the night of forgiveness,will be observed on April 8.

Members of the Muslim community visit graveyards to remember their relatives who are no more, Pawar said, and called for taking precautions to avoid gathering of people given the coronavirus crisis.

Pawar said congregation such as the one held last month in Delhi's Nizamuddin area by Tablighi Jamaat could have been avoided, and urged people to ensure there is no repeat of such meetings on Shab-e-Barat.

"The meeting should have been avoided, but it was notand others may have to pay for it," Pawar said referring to the religious meeting in the national capital.

He said the "possibility of some people who attended the meeting carrying the disease cannot be ruled out" and pressed for maintaining discipline given the situation caused by the COVID-19 outbreak.

"Shab-e-Barat is on April 8. Muslims remember their relatives, who are not more, by visiting kabrastan (graveyard). It should be observed inside home. Precaution should be taken to see there is no repeat of the Nizamuddin meeting-like episode," he said.

The birth anniversary of Ambedkar, the architect of the Indian Constitution, is observed on April 14.

Pawar said people should also think about postponing Ambedkar's birth anniversary celebrations.

"We normally celebrate it (the anniversary) for two or so months. We should think whether we should really observe the programme at this juncture (given the coronavirus threat).

If we come together, we may have to face health issues," the former Union minister said.

He said in general, 90 per cent people have been observing the lockdown, but 10 per cent are not doing so.

The Centre and the Maharashtra government may have to extend the lockdown period if discipline is not observed till April 14 (till when the lockdown is in force), he said, urging people to toe the line in the interest of each other.

Pawar also praised Chief Minister Uddhav Thackeray, the state administration and police for working round-the- clock, and asked people to cooperate with them by staying at home.

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News Network
June 25,2020

New Delhi, Jun 25: After the Drug Controller General of India (DCGI) given its approval to manufacture and market the generic version of COVID-19 drug Remdesivir, COVIFOR, Hyderabad-based drugmaker Hetero Limited has delivered the first set of 20,000 vials in two equal lots of 10,000 each across 5 states.

The first batch, which is being marketed under the brand name of COVIFOR, was delivered to Maharashtra, Delhi, Gujarat Tamil Nadu and Hyderabad. Hetero has set a target to produce one lakh vials of the drug in two-three weeks.

The other lot would be supplied to Kolkata, Indore, Bhopal, Lucknow, Patna, Bhubaneshwar, Ranchi, Vijayawada, Cochin, Trivandrum and Goa within a week to meet the emergency requirements.

Managing director of Hetero Healthcare M Srinivasa Reddy said “the launch of Covifor in the country is a milestone in addressing public health emergencies. Through Covifor, we hope to reduce the treatment time of a patient in a hospital thereby reducing the increasing pressure on the medical infrastructure overburdened ue to accelerating COVID-19 infection rates," he said as reported by news agency.

"We are closely working with the government and the medical community to make Covifor quickly accessible to both public and private healthcare settings across the country”, Reddy said.

Covifor is a generic brand of Remdesivir which is used for the treatment of COVID-19 in adults and children hospitalised with strong symptoms of the disease. The Health Ministry had, on June 13, recommended the use of anti-viral drug Remdesivir in moderate stage of COVID-19.

Dr Reddys Laboratories and Hetero are among others which have separately entered into non-exclusive licensing agreements with the original drug-maker Gilead Sciences Inc to register, make and sell the investigational drug Remdesivir in India and other countries.

Remdesivir would be made in the company's formulation facility in Hyderabad, which has been approved by global regulatory authorities such as US Food and Drug Administration (USFDA) and EU, among others, Hetero had earlier said.

The treatment first showed improvement in trials on coronavirus patients and was approved for emergency use in severely ill patients in the United States and South Korea.

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