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Modi govt may meet same fate as that of Indira's: Yashwant

January 31, 2016

Dona Paula (Goa), Jan 31: Veteran BJP leader Yashwant Sinha today tore into Prime Minister Narendra Modi and his government, saying there is no dialogue and they may meet the same fate as the Indira Gandhi-led Congress which was drubbed in the elections after Emergency.yashwant

Sinha, who along with some other BJP veterans has been marginalised in the party, was speaking at a panel discussion at the 'Difficult Dialogues' conference here, where CPI-M general secretary Sitaram Yechury also spoke.

"There is absolutely no scope of no dialogue... This is the great strength of Indian democracy. There will be aberrations here and there, there might be concerns about the present situation. But the great Indian society will take care of it and consign to dust those who do not believe in dialogue in India," Sinha said.

"The people of India will consign him to the dust, you just have to wait for the next elections," Sinha, who was finance minister in Atal Bihari Vajpayee government, said without naming Modi.

Alluding to the general elections in 1977 when Congress was ousted from power, he said such a neglect (of dialogue) will make the government last "19 months", the same duration as the Emergency.

We all know how the people of India reacted to the Emergency which was the "most concerted democratic effort in our country to still the voice of dissent", he said.

Replying to intervention from Yechury on need to ensure that dialogue in the society doesn't get stifled, he said, "I would only say that the stifler is in for serious trouble."

The veteran BJP leader also rued the fact that Opposition was not letting Parliament function. Without naming, he took a potshot at a Congress leader, who he said never raised concerns on the GST Bill in the standing committee meetings but later raised objections.

Under Vajpayee, the NDA government was able to pass several important legislations with the help of dialogue (with opposition), Sinha said.

His onslaught comes on the same day when another BJP leader, actor-MP Shatrughan Sinha, said that veteran leaders Vajpayee, L K Advani and Murli Manohar Joshi "deserve much more than what they have been given".

"Currently these leaders including me are trapped between oppression and respect," Shatrughan said in Pune.

Comments

aharkul
 - 
Sunday, 31 Jan 2016

Just wait and see.... within one year what happen Indian democracy..

Goodman
 - 
Sunday, 31 Jan 2016

BJP built on wrong ideology, wrong foundation. So tower can not stand on cracking foundation.

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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
January 9,2020

New Delhi, Jan 9: JNU students who tried to march towards the Rashtrapati Bhavan on Thursday protesting the violence on the university campus were stopped by police and later detained.

The police also resorted to baton charge to control the mob who tried to block the traffic at Janpath. Using loudspeakers, the police also appealed to the crowd to maintain peace.

Before the students tried to proceed towards the Rashtrapati Bhavan, a delegation of JNU Students' Union and JNU Teachers' Association also met Human Resource Development (HRD) Ministry officials and demanded the removal of Vice-Chancellor M Jagadesh Kumar from his post.

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Agencies
August 2,2020

New Delhi, Aug 2: The Centre has written to all states and Union Territories stating that smartphones and tablet devices should be allowed for hospitalised Covid-19 patients so that they can interact with family and friends through video conferencing, which would provide them psychological support.

Though mobile phones are allowed in hospital wards, the missive was issued following some representation from the kin of patients alleging otherwise.

Director-General of Health Services (DGHS) in the Health Ministry Dr Rajiv Garg in the letter to the principal secretaries of health and medical education of states and Union territories said appropriate protocols for disinfecting devices and allotting timeslots can be developed by the hospital concerned to facilitate contact between patients and their family.

He underlined that administrative and medical teams should be responsive to the psychological needs of patients admitted in Covid-19 wards and ICUs of various hospitals.

"Social connection can calm down patients and also reinforce the psychological support given by the treating team. Please instruct all concerned that they should allow smartphones and tablet devices in patient areas so that the patient can video conference with their family and friends," stated the letter issued on July 29.

"Though mobile phones are allowed in the wards to enable a patient stay in touch with his or her family, we received representations from the patient families from some states stating mobile phones are not being allowed by hospital administrations because of which they were not being able to stay in contact with the patient," said Dr Garg.

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