BJP forces Mamata Banerjee into tie-up talks with arch enemy CPM?

August 30, 2014

Kolkata, Aug 30: West Bengal Chief Minister Mamata Banerjee today said she was not at all worried about the BJP gaining foothold in West Bengal, claiming that a new leadership which believes in riots has come up in the saffron party sidelining veteran leaders like L K Advani and M M Joshi

"Now a new regime has come in the BJP which believes in riots and not in politics. They have sidelined veteran leaders like L K Advani, M M Joshi. They don't give respect to Vajpayeeji," Banerjee said during an interview with a vernacular news channel here.

Mamata BanerjeeAsked whether she was having any sense of worry about BJP in West Bengal, the Trinamool Congress supremo said "totally no."

"I know BJP very well. I had once worked under the leadership of Atal Behari Vajpayee for some time," Banerjee, who was in the BJP-led NDA government, said.

"They know that they cannot reach the people through politics, or social reforms, so they take recourse to violence," Banerjee said.

The TMC supremo claimed that CPI(M) men were getting into BJP fold and were becoming part of its "bhairav bahini".

"They are trying to incite violence and riots in the state. They don't believe in practising politics, they believe in creating divisions through raising communal passion," Banerjee said.

Asked whether she was willing to have alliance with the Left parties, she said, "We can hold talks with them, there is no problem in talking."

Asked whether she is ready to join hands with CPI-M, Banerjee replied, "I did not say that. I only said if any proposal comes, we will discuss in our party."

Taking a jibe at the BJP's pre-election slogan promoting Narendra Modi as the prime ministerial candidate, Banerjee said, "Achche din aney wale hain? bure din aye hain (good days are to come? bad days have come)."

Asked about BJP's aggressive posturing in West Bengal since the Lok Sabha elections, she said, "Let them first get five seats, then they can dream about 294 seats (West Bengal Assembly strength)."

BJP at present does not have any representation in the state Assembly, but has won two Lok Sabha seats out of 42 in the state in the last elections.

"They have got only two seats, one of which is Darjeeling that they had won earlier also and have got one more only, so what is the noise all about?" she asked.

On Lalu-Nitish tie-up to stop BJP in Bihar, Banerjee said, "If such a situation arose in Bengal, we will think over. I still think nobody is untouchable. We had tie-up with SUCI once. We also had tie-up with some other smaller parties. If anybody comes forward we can talk. In a democracy, nobody should shut the door for talks. No option should be closed."

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Agencies
August 7,2020

Kottayam, Aug 7: A trial court in Kottayam on Friday granted bail to Bishop Franco Mulakkal, accused of raping a nun in Kerala, with stringent conditions and directed him to be present on the dates of hearing of the case.

The Additional Sessions Court had cancelled the bail granted to the Bishop on July 13 for failing to appear for the trial and issued a Non Bailable Warrant against him.

Mulakkal was present in the Court on Friday when it considered the matter.

Granting bail, the court directed him not to leave the state till the chargesheet is read out to him on August 13 and to be present in court on the dates of hearing of the case.

The Court also directed him to offer fresh sureties and bail bonds.

On July 13, Mulakkal’s counsel had informed the court that his client could not appear as he had been in self quarantine due to his primary contact with a COVID-19 infected person.

The next day, the former Jalandhar Bishop had tested positive for coronavirus.

The prosecution informed the Court that Mulakkal had not produced the COVID negative certificate, to which the Court observed that the state Health Department can take necessary action on this issue.

The Supreme Court on Wednesday had directed Mulakkal to face trial as it dismissed his plea seeking discharge in the rape case lodged against him by the nun belonging to a congregation under Jalandhar diocese, saying there was no merit in his petition.

A bench of Chief Justice S A Bobde, A S Bopanna and V Ramasubramanian had told the counsel for Bishop that the court is not saying anything on merit, but is dismissing the plea on the issue of discharge from the case.

Mulakkal, in his plea had challenged the July 7 Kerala High Court order, dismissing his discharge plea in the rape case filed by the nun.

The High Court had asked the deposed Bishop of Jalandhar diocese to stand for trial in the rape case, which was registered on the basis of a complaint filed by the nun.

The senior priest of the Roman Catholic Church had filed the revision petition following the dismissal of his discharge plea by a trial court in March this year.

The rape case against the Bishop was registered by police in Kottayam district.

In her complaint to the police in June, 2018, the nun had alleged that she was subjected to sexual abuse by the bishop during the period between 2014 and 2016.

The bishop, who was arrested by the Special Investigation team, which probed the case, charged him with wrongful confinement, rape, unnatural sex and criminal intimidation.

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News Network
June 30,2020

New Delhi, Jun 30: With a spike of 18,522 COVID-19 cases in the last 24 hours, India's coronavirus count now stand at 5,66,840, said the Union Health and Family Welfare Ministry on Tuesday.

According to the Ministry, 418 deaths due to COVID-19 were reported in the last 24 hours. The number of deaths in the country now stands at 16,893.

There are 2,15,125 active coronavirus cases in the country while the number of cured/discharged patients stands at 3,34,821 and one patient migrated.

As per the Ministry, Maharashtra is the worst-hit state with regard to the COVID-19 cases and has reported 1,69,883 cases, including 73, 313 active cases 88,960 cured/discharged patients and 7,610 fatalities.

Tamil Nadu has a total of 86,224 cases including 1,141 deaths. Delhi's COVID-19 count stands at 85,161 cases and 2,680 fatalities.

The total number of samples tested up to 29 June is 86,08,654 of which 2,10,292 samples were tested yesterday, informed the Indian Council of Medical Research.

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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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