BJP will definitely not come to power in 2019: Naidu

Agencies
May 27, 2018

Vijayawada, May 27: Andhra Pradesh Chief Minister Chandrababu Naidu on Sunday attacked Prime Minister Narendra Modi, saying he is a "campaign PM who has failed to deliver on promises" and said the BJP would "definitely not come to power in 2019".

Inaugurating Mahanadu, the TDP's annual conclave here, he said the Telugu Desam Party played a key role in forming governments in the past and had the power to change the political narrative in the country, hinting that it would tie-up with like-minded parties to stop the BJP's juggernaut in 2019.

"The Congress is in the opposition. It cannot do much. But the BJP will definitely not come to power in 2019," he said.

Naidu said the BJP coming to power in 2019 was a "distant dream" and Prime Minister Narendra was a "campaign PM, who gives slogans only, and has failed to deliver on promises".

The party president said the TDP was key in forming the United Front government in 1996.

"The TDP has in the past played a key role in forming governments. It has the power to change the political narrative in the country. We won't step back," Naidu said.

He said the TDP withdrew support from the NDA government as the Centre had reneged on its promise to grant Andhra Pradesh Special Category status and to implement the AP Reorganisation Act.

Naidu accused the BJP of betraying the people of Andhra Pradesh and trying to create law and order problems in the state in collusion with the YSRCP.

During Mahanadu, the TDP would adopt resolutions against the economic decisions taken by the Centre "without proper thinking, their improper implementation, failure of the Goods and Services Tax and demonetisation, and about people losing faith in the banking system" Srinivasa Rao, the officer on special duty to the chief minister, had said earlier.

The party would pass a resolution against the Centre's "non-cooperation and non-fulfilment" of assurances made in the Rajya Sabha regarding the special category status and the provisions of the Andhra Pradesh Reorganisation Act, he had said.

At the conclave, detailed discussions would be held on the Centre's "betrayal and conspiracy politics".

Andhra Pradesh has been seeking special category status on the grounds that it is at a disadvantage, especially because of the loss of capital Hyderabad to Telangana.

When erstwhile Andhra Pradesh was being bifurcated in 2014, then prime minister Manmohan Singh, during a discussion on the AP Reorganisation Bill, had said, "Special category status will be extended to the successor state of Andhra Pradesh for a period of five years". 

But the BJP, which came to power at the Centre a few months later, has been saying that the 14th Finance Commission does not provide for such treatment to Andhra Pradesh.

The TDP had in March withdrawn support from the NDA government over the Centre's refusal to grant special category status to the state.

Naidu and his party have in the past accused Prime Minister Narendra Modi of reneging on his election promise made in 2014 to accord special category status to Andhra Pradesh.

Naidu had earlier said that after the state's bifurcation, it was given a "raw deal".

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ahmed ali k
 - 
Sunday, 27 May 2018

We will come to power again in 2019 

We have EVM

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News Network
January 19,2020

Mumbai, Jan 19: After Kerala and Punjab, the Maha Vikas Agadi (MVA) government is also mulling over a resolution against the Citizenship (Amendment) Act, 2019 in Maharashtra Assembly.

Speaking to news agency, Congress spokesperson Raju Waghmare said: "Our senior party leader Balasaheb Thorat has also shared his stand on the CAA. Even Chief Minister Uddhav Thackeray has said that we are against the CAA. As far as the resolution against CAA is concerned, our senior leaders of MVA will sit together and decide."

If this happens, then Maharashtra will be the third state to pass a resolution against CAA, which grants citizenship to non-Muslim refugees from Pakistan, Afghanistan, and Bangladesh, who came to India on or before December 31, 2014.

Emphasising that CAA is 'unconstitutional,' senior lawyer and Congress leader Kapil Sibal has said that every state Assembly has the constitutional right to pass a resolution and seek CAA's withdrawal.

He added that it would be problematic to oppose the CAA if the law is declared to be 'constitutional' by the Supreme Court.

"I believe the CAA is unconstitutional. Every State Assembly has the constitutional right to pass a resolution and seek its withdrawal. When and if the law is declared to be constitutional by the Supreme Court then it will be problematic to oppose it. The fight must go on!" Sibal tweeted.

Earlier speaking at the Kerala Literature Festival on Saturday, the Congress leader had said that constitutionally no state can say that it will not implement the amended Citizenship Act, as doing so will be "unconstitutional".

Kerala government has also approached the Supreme Court against the CAA following the passage of a resolution against it in the state Assembly.

Punjab chief minister Amarinder Singh has also announced that the Congress state government is going to join Kerala in the Supreme Court in the case.

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Agencies
March 15,2020

Financially troubled Yes Bank on Saturday reported a standalone net loss of ₹ 18,560.31 crore for the third quarter of the financial year 2019-20. This is amongst the biggest losses reported by the India Inc.

At present, the private lender is under a moratorium and is controlled by the office of the administrator appointed by the RBI.

The bank had reported a net profit of ₹1,001.85 crore during the corresponding period of the previous financial year.

Besides, the bank's total income fell to Rs 6,268.50 crore from Rs 8,849.81 crore earned during the October-December quarter of the previous fiscal.

On consolidated basis, Yes Bank reported a net loss of ₹18,564.24 crore for the December quarter from a net profit of Rs 1,000.57 crore in the corresponding period of the previous fiscal.

The independent auditor's review report on the consolidated results pointed out that there is a "material uncertainty related to going concern" of the bank.

"The said assumption of going concern is dependent upon the degree of success of the final reconstruction scheme, the quantum of capital infused into the bank and the bank's ability to stabalise its deposit balances post withdrawal of the moratorium by the RBI. Our conclusion is not modified in respect of this matter," the auditor said.

Furthermore, the bank recognised additional loans of ₹ 5,150.2 crore as NPAs and related provisioning requirements of ₹772.5 crore for the quarter ended December 31, 2019.

The bank has recognised an additional provisions of ₹15,422.0 crore in the quarter ended December 31, 2019.

Last week, the RBI placed Yes Bank under moratorium and capped the withdrawal limit at ₹50,000 till next Wednesday.

Additionally, the central bank also superseded Yes Bank's board of directors and appointed former SBI CFO Prashant Kumar as its administrator.

Meanwhile, Kumar has been appointed as the new Chief Executive Officer of the financially troubled lender. He will take over his new responsibilities once the moratorium on the stressed lender is lifted on Wednesday.

Apart from Kumar, Sunil Mehta, former non-executive Chairman of Punjab National Bank, will take over as the non-executive Chairman of Yes Bank.

Other board members include Mahesh Krishnamurthy and Atul Bheda, both as non-executive Directors.

Additionally, six private lenders have joined the SBI to rescue Yes Bank with Federal Bank committing ₹300 crore by subscribing to 30 crore shares of ₹2 each at a premium of ₹8 per equity share.

The six private lenders have now committed an investment of ₹3,700 crore in the cash-strapped private sector bank.

On Friday, ICICI Bank and Housing Development Finance Corporation (HDFC) Ltd had announced that they will be investing ₹1,000 crore each in Yes Bank's equity. Axis Bank and Kotak Mahindra Bank will be investing ₹ 600 crore and ₹500 crore, respectively, while Bandhan Bank will invest ₹300 crore.

The SBI board has already approved up to 49 per cent stake purchase in Yes Bank, as per the RBI's reconstruction scheme for the lender. It had said on Thursday that an investment of ₹7,250 crore would be made in Yes Bank to pick up₹ 725 crore equity shares.

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Agencies
January 25,2020

Jammu, Jan 25: People in Jammu and Kashmir expressed happiness over the restoration of mobile data services and internet access through fixed-line across the Union Territory on Saturday.

Speaking to ANI Jitendra Sharma, a resident of Jammu said, "The government has taken a good decision. People had been facing hardship for a long period and I think it will improve further."

"It is a big relief to people. People can finish their pending work. I hope that 4G services will also be resumed soon," said a resident of Kashmir.

The internet speed is restricted to 2G only.

"Access shall be limited only to whitelisted sites and not to any social media applications allowing peer to peer communication and virtual private network applications. Directions shall be effective from January 25 and will remain in force till January 31," the statement by the government read.

Earlier on January 15, 2G services were reinstated in Jammu, Samba, Kathua, and Udhampur for white-listed sites.

The Central government had suspended the internet in the region following the abrogation of Article 370 of the Constitution on August 5 last year, which conferred special status to the erstwhile state of Jammu and Kashmir, and its bifurcation into two Union Territories -- Ladakh, and Jammu and Kashmir.

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