Clean chit to Modi in 2002 riots premature: Rahul

March 17, 2014

New Delhi, Mar 17: Hitting out at Narendra Modi, Rahul Gandhi today demanded "legal accountability" for the "clear and inexcusable failure" of governance during the 2002 Gujarat riots and dismissed talk of clean chit to him as "politically expedient" but "far too premature".

Contending that Modi was answerable on moral grounds, the Congress' chief campaigner said, "beyond that there should be a legal accountability for the clear and inexcusable failure of governance under him".rahul_upa

Gandhi was answering a question during an interview on BJP's contention that Modi had been given a clean chit by the Supreme Court-appointed SIT and the courts and, therefore, he had nothing to answer for or apologise for about the post-Godhra riots.

He replied, "As you know, the SIT report had been seriously questioned by a number of credible experts. Grave flaws have been pointed out in the functioning of the SIT. The acceptance of the flawed SIT report by the lowest court has not yet been subjected to judicial scrutiny by higher courts.

"The specific allegation and evidence pointing to Mr Modi's responsibility in the 2002 riots are yet to be adequately probed. Any talk of his having been given a clean chit may be politically expedient, but is far too premature. There are many unanswered questions. There is a lot more the country needs to know," he said.

Gandhi did not see Lok Sabha elections as virtually a presidential-style contest between him and Modi and said, "it is a clash between two ideas of India."

He contended that the Congress represented an idea which "respects the liberty and dignity of everyone of our countrymen by upholding the ideals of humanity and inclusion", whereas the BJP wanted an India "in which there is no place for the poor, no place for those with a different religion or ideology.

The Congress leader said that the BJP seeks to "suppress large numbers of India's ideas" and wanted "an India in which power is centralised in the hands of individuals. It is a clash between these two ideas of India."

The Gandhi-scion added, "The ideas that Mr Modi represents are dangerous for India."

To a question that people appeared to be disappointed with the lacklustre performance of the UPA government and favoured a strong leader like Modi, he said, "yes, I believe that India needs a 'strong' leader but we must have a deeper understanding of what 'strength' means.

"Strength to me, is not brute force or the ability to bulldoze your way through decision making in an autocratic manner... I do believe that an autocratic mindset that believes in dispensing with whatever is inconvenient to its notions is dangerous because such people tend to disregard what is right for what is expedient."

Asked about Modi's campaign and his language such as him being called a "shezada" (prince), Gandhi said that as far as the language used by political leaders were concerned "it is for the people of the country to judge a politician's language and choice of words".

Lashing out at BJP for its record in dealing with corruption, the Congress leader said that BJP had a Karnataka Chief Minister who went to jail on charges of corruption. Convicted and charge-sheeted ministers continued to be in the Gujarat cabinet.

"Their (BJP's) national president was seen taking money and was convicted. The record of the Chhattisgarh and Madhya Pradesh governments on corruption is well known. The money and landscams in Karnataka, absence of a functional Lokayukta in Gujarat for over 10 years, the recruitment scam in Madhya Pradesh, and the allotment of land to industry in a completely non-transparent manner--the record is there for all to see," he said.

Asked if he had any radical ideas to eradicate corruption, the Congress leader said that the way to do that was to speed up the judicial process and punish the guilty. Only by creating an institutional framework to fight corruption can the issue be tackled.

He said that Lokpal Bill and The Whistleblowers Protection Bill had been passed and there were 5 remaining legislations that would have completed this framework.

"Since the BJP took the lead in preventing their passage, I would like to ask them to explain their double speak. They manage to lament corruption and at the same time oppose bills that will fight it," Gandhi said.

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Agencies
June 28,2020

New Delhi, Jun 28: With 19,906 new cases, highest single-day spike so far, India's COVID-19 count touched 5,28,859 including 2,03,051 active cases, 3,09,713 cured/discharged/migrated, according to the Ministry of Health & Family Welfare.

410 deaths were reported in the last 24 hours and the cumulative toll reached 16,095 deaths.

Coronavirus cases in Maharashtra have climbed to 1,59,133 while Delhi's tally stands at 80,188.

2,31,095 samples were tested yesterday and the total number of samples tested up to 27 June is 82,27,802, according to the Indian Council of Medical Research (ICMR).

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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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News Network
February 17,2020

New Delhi, Feb 17: Indian officials denied entry to British lawmaker Debbie Abrahams on Monday after she landed at New Delhi's Indira Gandhi International Airport.

Debbie Abrahams, a Labour Party Member of Parliament who chairs a parliamentary group focused on the Kashmir, was unable to clear customs after her valid Indian visa was rejected, her aide, Harpreet Upal, told The Associated Press.

Abrahams and Upal arrived at the airport on an Emirates flight from Dubai at 9 am. Upal said the immigration officials did not cite any reason for denying Abrahams entry and revoking her visa, a copy of which, valid until October 2020, was shared with the AP. A spokesman for India's foreign ministry did not immediately comment.

Abrahams has been a member of Parliament since 2011 and was on a two-day personal trip to India, she said in a statement.

"I tried to establish why the visa had been revoked and if I could get a 'visa on arrival' but no one seemed to know," she said in the statement.

"Even the person who seemed to be in charge said he didn't know and was really sorry about what had happened. So now I am just waiting to be deported ... unless the Indian Government has a change of heart. I'm prepared to let the fact that I've been treated like a criminal go, and I hope they will let me visit my family and friends."

Abrahams has been an outspoken critic of the Indian government's move last August stripping Jammu and Kashmir of its semi-autonomy and bifurcating the state into two Union Territories.

Shortly after the changes to Kashmir's status were passed by Parliament, Abrahams wrote a letter to India's High Commissioner to the UK, saying the action "betrays the trust of the people" of Kashmir.

India took more than 20 foreign diplomats on a visit to Kashmir last week, the second such trips in six months.

Access to the region remains tight, with no foreign journalists allowed.

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