CM Mamata returns land to farmers, sends out message to Tatas

September 14, 2016

Singur, Sep 14: Chief Minister Mamata Banerjee today handed over land 'parchas' and cheques to the farmers in Singur even as she sent messages to firms saying any company willing to set up auto firm in the state is "welcome".

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Handing over parchas and cheques following a Supreme Court order in this regard, Banerjee, who had steered the massive agitation against the land acquisition for Tatas' nano car factory in Singur in 2006, said, "We want industry but not through forcible (land) acquisition".

'Parcha' is a document which establishes the ownership of a farmer over a piece of land in revenue records.

The Supreme Court had on August 31 ruled that land acquisition process in Singur was faulty and not for public purpose and had directed the state government to return it to the farmers within 12 weeks.

"I am giving a month's time. You think. We will give 1000 acre land at Goaltore (in Midnapore). If anyone, be it Tatas or BMW, wants to set up auto industry, they are welcome. We will be very happy," she said.

"We will keep the land. (If you want to set up industry) ...please contact our Finance Minister Amit Mitra or the Chief Secretary. We have land at Kharagpur, Panagarh, and other places. Our message is very clear. We must set up industry and save agriculture land," she said.

She said, "We are working with many of their (Tatas) companies. Tomorrow we will have an agreement with one of their companies".

Criticising the previous Left Front government's policy, she said, "The difference is that we have the land bank, land map and land use policy. The Tatas could not set up (Nano) factory due to the stubborn attitude of the LF government over the 1000 acre land (in Singur)."

Banerjee, who had resorted to hunger strike and dharna to oppose the "forcible" acquisition, recounted the memories of the days of agitation, and the people who helped her.

"I was beaten up by the police at midnight at the BDO office and was admitted to nursing home in serious condition. I will never forget those incidents," she said.

Banerjee also had a dig at the Congress, saying, "The UPA government was in power at the Centre then. But none had bothered to inquire about us."

Distributing land parchas to 9,117 farmers and cheques to 806 persons amidst jubiliation, she said, "Today I am happy because I kept my promise (of returning farmland)".

"We will also give Rs 10,000 to the farmers to ensure that the land can be made cultivable. Our government will extend all necessary help to the farmers including seeds and fertiliser," she said, adding the share-croppers will also get their share of compensation.

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Agencies
May 23,2020

New Delhi, May 23: India will try to restart a good percentage of international passenger flights before August, Civil Aviation Minister Hardeep Singh Puri said on Saturday, three days after announcing resumption of domestic flights from May 25.

All scheduled commercial passenger flights have been suspended in India since March 25 when the Modi government imposed a lockdown to contain the novel coronavirus pandemic.

"I am fully hopeful that before August or September, we will try to start a good percentage of international civil aviation operations, if not complete international operations," Puri said during a Facebook live session.

"I can't put a date on it (restarting international flights). But if somebody says can it be done by August or September, my response is why not earlier depending on what is the situation," he said.

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Agencies
June 22,2020

Mumbai, Jun 22: After downgrading India's outlook to negative from stable, Fitch Ratings on Monday revised the outlook on nine Indian banks to negative.

The outlook on the Long-Term Issuer Default Ratings (IDR) was revised to negative from stable due to the banks' high dependence on the Centre to re-capitalise them.

Accordingly, the IDR outlook of the Export-Import Bank of India, the State Bank of India, the Bank of Baroda, the Bank of Baroda (New Zealand), the Bank of India, the Canara Bank, the Punjab National Bank, ICICI Bank and Axis Bank Ltd have been downgraded to negative.

"At the same time, Fitch has affirmed IDBI Bank Limited's (IDBI) IDR while maintaining the outlook at negative," Fitch said in a statement.

The rating actions follow Fitch's revision of the outlook on the 'BBB-' rating on India to negative from stable on June 18, due to the impact of the escalating coronavirus pandemic on India's economy.

"The IDRs for all the above Indian banks are support-driven and anchored to their respective SRFs," the statement said.

"They are based on Fitch's assessment of high to moderate probability of extraordinary state support for these banks, which takes into account our assessment of the sovereign's ability and propensity to provide extraordinary support."

According to the statement, the negative outlook on India's sovereign rating reflects an increasing strain on the state's ability to provide extraordinary support, due to the sovereign's limited fiscal space and the significant deterioration in fiscal metrics due to challenges from the COVID-19 pandemic.

"The rating action does not affect the banks' Viability Rating (VR). EXIM does not have a VR as its role as a policy bank makes an assessment of its standalone credit profile less meaningful."

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News Network
May 7,2020

New Delhi, May 7: Prime Minister Narendra Modi on Thursday hailed people leading the fight against coronavirus and said India is standing firmly with those facing difficult times during the pandemic, both in the country and abroad.

He also said India's development will always aid global growth.

Speaking at a global virtual Buddha Purnima event, Modi said, "People world over working selflessly for others in these difficult times are worthy of praise."

"India is standing strong and selflessly in these difficult times with those facing trouble in India or abroad. India's growth will always be aiding global growth," he said.

Buddha Purnima celebrations are being held virtually due to the COVID-19 pandemic.

The event is being organised in the honour of COVID-19 victims and frontline warriors.

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