Govt allowed Mallya to escape: Cong; Loans given by UPA: Govt

March 10, 2016

New Delhi, Mar 10: Congress today accused the BJP- led government of "criminal consipracy" in allowing businessman Vijay Mallya, facing probe in several loan default cases, to fly out of the country, as Finance Minister Arun Jaitley sought to corner the main opposition party by saying the loans were given to him during UPA rule.

upa"My charge against this government is that when so many agencies were interrogating him (Mallya), why was he not arrested, why was his passport not confiscated," Leader of Opposition Ghulam Nabi Azad said in Rajya Sabha.

Raising the matter during Zero Hour, Azad said everyone knew Mallya "could flee any day" and the investigating agencies should have seized his passport and taken steps to restrict his movement.

Maintaining that Mallya lived a "luxurious life" and had bases in several countries, the Congress leader said Mallya is not a "needle" and moves around with an entourage and expressed surprise how he managed to leave the country despite a CBI "Look Out Notice".

"My allegation is that this government is party to this criminal conspiracy of allowing him to escape and leave the country. In this criminal conspiracy, this Government should be made party and the Supreme Court should take note of this.

"Without the participation and without the active support of this government, he could not have left the country. That is my allegation," Azad said, adding that "one had escaped, the second Lalit Modi (Mallya) should not be allowed to escape".

Countering the charges, Jaitley said the banks have been asked to recover "every penny that is due", adding that the first banking facility was given to Mallya and his companies in September 2004 which were renewed in February 2008.

The Leader of the House further said the accounts were declared non-performing assets (NPA) on April 30, 2009 and these debts were restructured and more facilites extened in December 2010.

"In what circumstances were the loans given is an issue of investigation and the CBI is investigating," he said.

"How these accounts were running, what facilities were given, the dates tell their own story," Jaitley said, adding "when the loans were given, how they were given... introspection will be required."

Jaitley said the liabilities including interest aggregates to Rs 9,091.4 crore as on November 30, 2015.

Maintaining that banks and financial institutions were taking steps to recover dues and attachment of properties, the Minister said he had a list of 22 cases filed in different parts of the country and added that some assets have also been attached.

He also said there was no order to stop Mallya from leaving the country.

"That day, there was no order of any agency to stop him (from leaving the country)," Jaitley said, adding Mallya had left the country before the banks moved the Supreme Court for seizure of his passport.

Mallya had left the country on March 2.

On Azad's contention that the present government had failed to bring back Lalit Modi, Jaitley said it was during the UPA rule that the former IPL chief had left the country.

"I was giving an example that one had escaped, the second Lalit Modi (Mallya) should not be allowed to escape," Azad said.

The senior Congress leader also said that during his long political career, he has never recommended to any bank for advancing loan to any person.

Earlier, Naresh Agrawal (SP) said the matter of Mallya, a Rajya Sabha MP, should be referred to Ethics Committee.

Deputy Chairman P J Kurien said: "I agree with you. This is a matter to be taken up by the Ethics Committee".

Comments

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Thursday, 10 Mar 2016

Mallya should be treated as terrorist, because he cheated many innocent employees by holding their salaries and he is reason for the suicide of his many employees.

Indian government should make arrangements to bring him back from other country without any delay.

In each bank there is a thief, the thief might have been informed him to leave the country in advance.

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News Network
June 27,2020

New Delhi, Jun 27: Delhi Environment Minister Gopal Rai on Saturday called an emergency meeting here to discuss the situation following a locust attack in neighbouring Gurugram.

The minister also directed the administration to be alert, an official said.

"After the emergency meeting, an advisory will be issued on steps to be taken to deal with the situation," Rai told PTI.

He asked the officials of the Agriculture department to make field visits to areas close to Gurugram.

The development secretary, divisional commissioner, director, Agriculture department, and the district magistrates of South Delhi and West Delhi will attend the meeting, the official said.

Earlier in the day, the skies over many parts of Gurugram turned dark as swarms of locusts descended on the town.

However, the migratory pests are likely to spare the national capital for now, officials said.

The swarms of locusts, spread across two kilometres, moved from west to east. They entered Gurugram around 11.30 am, K L Gurjar of the Locust Warning Organisation, Ministry of Agriculture, told PTI.

The pests, he said, were headed towards Faridabad and Palwal in Haryana.

Alarmed at the invasion of the locusts, which settled on trees, rooftops and plants, many residents of Gurugram shared videos from their high-rise perches.

In May, India battled a devastating desert locust outbreak. The crop-destroying swarms first attacked Rajasthan and then spread to Punjab, Gujarat, Maharashtra and Madhya Pradesh.

According to experts, broadly four species of locusts are found in India – desert locust, migratory locust, Bombay locust and tree locust. The desert locust is considered the most destructive.

It multiplies very rapidly and is capable of covering 150 kilometers in a day.

This insect, a type of a grasshopper, can eat more than its body weight. A one square kilometer of locust swarm containing around 40 million locusts can in a day eat as much food as 35,000 people.

Experts blame the growing menace of desert locusts on climate change. They say breeding of locusts is directly related to soil moisture and food availability.

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Agencies
May 17,2020

New Delhi, May 17: Following the COVID-19-induced economic disruptions, up to 135 million jobs could be lost and 120 million people might be pushed back into poverty in India, all of which will have a hit on consumer income, spending and savings, says a report.

According to a new report by international management consulting firm Arthur D Little, the worst of COVID-19's impact will be felt by India's most vulnerable in terms of job loss, poverty increase and reduced per-capita income, which in turn will result in a steep decline in the Gross Domestic Product (GDP).

"Given the continued rise of COVID-19 cases, we believe that a W-shaped recovery is the most likely scenario for India. This implies a GDP contraction of 10.8 per cent in FY 2020-21 and GDP growth of 0.8 per cent in FY 2021-22," the report said.

India's COVID-19 tally has crossed 90,000 and the nationwide death toll has touched nearly 2,800 so far.

The report titled "India: Surmounting the economic challenges posed by COVID-19: A 10-point programme to revive and power India's post-COVID economy" said the 'collateral damage' of the forecasted GDP slowdown, will be felt most acutely in employment, poverty alleviation, per-capita income and overall nominal GDP.

"Unemployment may rise to 35 per cent from 7.6 per cent resulting in 136 million jobs lost and a total of 174 million unemployed. Poverty alleviation will receive a set-back, significantly changing the fortunes of many, putting 120 million people into poverty and 40 million into abject poverty," the report said.

"India is headed towards a W-shaped economic recovery with a potential GDP contraction of 10.8 per cent in FY21. An opportunity loss of USD 1 trillion is staring India in its face," said Barnik Chitran Maitra, lead author of the report and Managing Partner & CEO of Arthur D Little, India and South Asia.

Maitra further said "for its USD 5 trillion vision, a radical economic approach is needed, centred on an immediate stimulus and structural reforms. The Prime Minister's visionary 'Atma Nirbhar Bharat Abhiyan' is a good start to this new approach."

The report lauded the steps taken by the government and the Reserve Bank of India, but said a far more assertive approach may be required given the magnitude of the adverse economic output.

The report suggested a 10-point programme to accelerate the recovery which include strengthening the 'safety net' significantly for the most vulnerable, enable survival of small and medium businesses, restarting the rural economy and providing targeted assistance to at-risk sectors.

It further said the government should launch "Make in India 2.0" to capture global opportunities, build 'Modern India', accelerate Digital India and Innovation, strengthen global investment corridors with the US, UAE, Saudi Arabia, Japan and the UK, debottleneck land and labour and transform banking and financial markets in a bid to secure a sustainable economic future for 1.3 billion Indians. 

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Agencies
June 7,2020

New Delhi, Jun 7: The Islamic Centre of India on Saturday issued an advisory for those visiting mosques in view of the Centre’s decision to allow reopening of religious places from June 8.

Islamic Centre of India chairman Maulana Khalid Rasheed Farangi Mahali advised people above 65 years and under 10 years of age not to visit mosques and instead offer prayers at home.

He also advised against crowding in mosques, stressing that not more than five people should be present at a time and social distancing be maintained, with the ‘namazis’ using masks and keeping a distance of six feet among themselves while offering prayers.

He added that the situation would be reviewed after 15 days and if required, another advisory would be issued.

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