Bring out white paper on banking system: Congress to NDA

Agencies
February 18, 2018

New Delhi, Feb 18: The Congress on Sunday claimed "fraudsters" were linked to the "highest echelons" of the BJP-led NDA and urged the government to bring out a white paper on the banking system which it said had witnessed scams involving over Rs 61,000 crore in the last five years.

"Bank frauds are tumbling out of the closet faster than you can say Jack Robinson," Congress spokesperson Manish Tewari said, claiming that another banking fraud was now out in the open.

Referring to the Rs 11,400-crore scam in which billionaire jeweller Nirav Modi and his uncle Mehul Choksi reportedly acquired fraudulent letters of undertaking (LoUs) from state-owned Punjab National Bank (PNB), Tewari said while the "Modi-Choksi tango" was still going on, reports had emerged about another banking fraud.

Vikram Kothari, the owner of Rotomac pens, owes Rs 800 crore to a consortium of Indian banks and was now untraceable, he said.

The frauds in the Indian banks are growing every day, the former Union minister said, claiming that according to Reserve Bank of India data, Rs 61,260 crore of banking frauds had taken place in the last five years.

"Data released by the RBI show that Rs 61,260 crore banking frauds have taken place in the last five years, and out of these five years, the BJP-led NDA has been in power for four years. The linkages between these fraudsters and the highest echelons of the BJP raise some very serious questions about the health of the Indian economy," he told reporters here.

"Therefore, the Congress party demands a white paper on the Indian banking system from the government," he said, adding that the BJP-led NDA should direct all banks to publish and declare the name of fraudsters and details related to NPAs ( non-performing assets).

The total NPAs of all public and private banks were worth Rs 8,36,782 crore as of September, 2017.

"And 77% of these NPAs are of leading Indian corporate offices," he said, accusing the government of being unable to check NPAs and take care of the general public's money. India occupies the fifth position among 39 countries on NPAs, he added.

An NPA is when a loan taker cannot pay interest for two successive quarters. The Congress has been attacking the government over the fraud involving PNB, which detected a $1.77 billion (about Rs 11,400-crore) scam in which jeweller Modi acquired fake LoUs from the bank to secure overseas credit from other lenders.

"It is hilarious that PNB, where this scam happened, won the vigilant award for 2016-17," Tewari said, adding that this scam raised important question about the lack of transparency in the government.

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News Network
February 29,2020

Kochi, Feb 29: When Major Abdul Rahim, a soldier in the Afghan army, died in a bomb blast in Kabul on February 19, a tear was shed for him in far away Ernakulam district of Kerala.

The major had received a transplant of hands from Eloor native T G Joseph back in 2015, and the latter’s family had grown attached to the Afghan soldier.

Maj. Abdul Rahim, a bomb disposal expert, had lost his hands in an explosion in 2012. For three years thereafter, he struggled with his handicap. Then, when 54-year-old Joseph passed away in a road accident, it was decided to give his hands to the Afghan major.

The transplant procedure was successfully performed by a team of doctors led by Dr. Subrahmania Iyer at the Amrita Institute of Medical Sciences in Kochi.

After the transplant and an intensive spell of physiotherapy, Abdul Rahim could regain a considerable part of his hands’ functions. He rejoined the army and returned to defuse bombs in his war-torn country.

In gratitude, Major Abdul Rahim would visit Kochi every year to meet Joseph’s family. 

“We were shocked to hear of the demise of Major Abdul Rahim. Though Joseph left us, a part of him lived on. Abdul Rahim was a living memorial for us. Whenever he came to the Amrita institute for a consultation, we used to visit him,” Joseph’s wife was quoted as saying by Mathrubhoomi daily.

Major Abdul Rahim struck up a good friendship with his predecessor, in a way of speaking: the first person to have had a successful hand transplant at the Amrita Institute of Medical Sciences. T R Manu became a close friend of the Afghan solider and kept regularly in touch.

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Agencies
February 26,2020

New Delhi, Feb 26: The death toll in northeast Delhi communal violence over the amended citizenship law rose to 20 on Wednesday, according to GTB Hospital authorities.

On Tuesday, the death toll was 13.

"The death toll has risen to 20 today," Medical Superintendent of GTB Hospital, Sunil Kumar, told PTI.

Earlier, at least four bodies were brought to the Guru Teg Bahadur Hospital from the Lok Nayak Jai Prakash Narayan Hospital, a senior official said.

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News Network
May 14,2020

May 14: Customs officials on Wednesday intercepted China-bound consignments of raw material for masks, misdeclared as packing materials for pouches, in large quantities, a senior official said.

It has also seized multiple shipments containing 5.08 lakh masks, 57 litres of sanitiser and 952 PPE kits bound for the US, the UK and the UAE, the official said.

The export of such goods is prohibited by the government in the wake of the COVID-19 pandemic.

"On the basis of specific intelligence, 2,480 kg of raw material for masks was intercepted by air cargo export, Delhi Customs. The goods were misdeclared as packing materials for pouches and were being illegally attempted to be smuggled/ exported to China," he said. 

These goods are prohibited for export as per the latest guidelines issued by the Directorate General of Foreign trade (DGFT), he said, adding that investigation into the case is under progress.

In another catch, the air cargo officers intercepted multiple shipments containing 5.08 lakh masks, 57 litres of sanitiser in 950 bottles and 952 PPE kits at the courier terminal in New Delhi. These were attempted to be smuggled or exported out of the country, the official said.

"These goods are also prohibited for export," he added. 

These items were being illegally exported to the United States, United Kingdom and the United Arab Emirates. "No arrests have been made so far," the official said.

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