Swamy links Sonia with chopper deal, Cong forces adjournments

April 27, 2016

New Delhi, Apr 27: Angry exchanges between opposition Congress and ruling BJP members over Subramaniam Swamy seeking to drag Sonia Gandhi's name in the controversial AgustaWestland helicopter contract bribery case led to two adjournments of the Rajya Sabha in the pre-noon session.

SwamyHowever, Gandhi's name was later expunged by Deputy Chairman P J Kurien.

Swamy had raised the issue through a zero hour notice, his first intervention since he took oath in the House yesterday, and referred to the allegations made by Christian Micheal, the middleman in the scandal, through a letter in the High Court of Italy.

The naming of Gandhi led the Congress members to angrily storm into the Well, with a handful even moving closer to the treasury benches menacingly. Members of the treasury benches too got up on their seats to counter the opposition.

Fearing an ugly showdown, a couple of marshalls too stepped into the Well to act as a wall between the opposition and the ruling side.

Before things got out of hand, Deputy Chairman P J Kurien adjourned the House for 10 minutes.

When the House reassembled, Kurien expunged Swamy's reference to Gandhi saying he should not name a member who cannot come and defend himself or herself.

"I am not admonishing you as this is your first speech in the House" after being nominated to the Upper House. "But the name is expunged," Kurien said.

This did not satisfy the Congress members who were in the Well again shouting slogans against Swamy.

Kurien said though it was Swamy's first day today after being nominated to the Rajya Sabha, "you have been member of this House before and you should know that the name of a member of the other House cannot be taken here".

As Congress members continued to raise slogans from the Well, the Deputy Chairman again adjourned the House till noon.

During the 10 minute break, Swamy was surrounded by BJP members, seemingly complimenting him for provoking an angry reaction from Congress.

Defence Minister Manohar Parrikar walked up to him and was seen exchanging notes with Swamy. HRD Minister Smriti Irani too walked up and complimented him.

Few Congress leaders including Anand Sharma and Leader of the House and Finance Minister Arun Jaitley walked into the Chairman's chamber during the break.

Just before the House reassembled, Minister of State for Parliamentary Affairs Mukhtar Abbas Naqvi took Swamy aside, apparently to give him some advice.

After the second adjournment, Jaitley took Swamy with him for a chat on the issue.

Earlier Jaitley, while responding to Leader of Opposition Ghulam Nabi Azad's question, said the reports about a meeting between Prime Minister Narendra Modi and his Italian counterpart were "false and untrue in entirety."

"No such meeting at all has been held," he said debunking a media report of Modi offering to free Italian marines in exchange of information on Gandhi family.

He said the principal issue was that there were allegation of bribe being paid to secure the defence deal. "The bribe giver has been convicted and now bribe taker has to be identified," he said adding written admission by the alleged middle man has to be examined.

"Investigation is underway," he said.

Earlier, Azad quoted media reports to ask the government if the Prime Minister had during a meeting with his Italian counterpart in September last year offered to free two Italian marines in exchange of information on Gandhi family in the controversial chopper deal.

"Pronouncement of judgment (on the chopper deal) has come and now NDA government is now allowing Italian marines to return home. So the deal is struck," he said.

Azad said the Congress-led UPA government had in 2013 cancelled the deal when wrong-doings were reported and had directed the CBI and ED to investigate corruption charges.

Also, the then Government had encashed bank guarantee and got back advance money paid. Besides, three helicopters received as part of the deal were not returned, he said.

The VVIP chopper deal relates to a 2010 decision of the UPA government to buy 12 helicopters from Italian manufacturer, Finmeccanica. But reports later said the Italian company had paid a bribe of up to Rs 3,565 crore to swing the deal.

Though the Italian company was blacklisted by UPA, it was part of Modi government's 'Make in India' drive, the Congress leader alleged.

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Fair talker
 - 
Wednesday, 27 Apr 2016

Swamy( Asamy) is receiving Wahee from the shaitan.

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News Network
June 8,2020

Panaji (Goa)/Bhopal (Madhya Pradesh), Bengaluru(Karnataka)/New Delhi [India], June 8 (ANI): With the government allowing the re-opening of restaurants and eateries from Monday, these establishments re-opened across several states on Monday including in Goa, Madhya Pradesh and Delhi, with necessary precautions in place amid COVID-19 crisis.

Restaurants reopened in Panaji today after relaxations in lockdown.

Speaking to ANI, Goa Hotel and Restaurant Association President, Gaurish Dhond said, "We expect that not more than 25 per cent of restaurants will reopen because our labour force is dependent upon migrant workers who have gone to their homes".

"Every guest will be checked with a thermal gun, we will provide them with a sanitizer and a digital menu most probably. We would like to request our customers to pay online. Residential hotels are also allowed to operate and guidelines have been issued for them," he added.

Bars are not allowed to operate, he added.

While religious places across the country were thrown open today, worship places continued to remain closed in Goa till June 30.

In Bhopal restaurants opened but with fewer customers venturing to eat outside.

Speaking to ANI, C Kumaran, Manager, India Coffee House, New Market said, "We will conduct a temperature check for customers at the entry point. Then the customers will have to wash and sanitize their hands only then they will be allowed to sit inside. Only two persons will be allowed to sit on a four-seat table."

"This restaurant has a seating capacity of around 120 persons which has now been reduced to 50. Even in the kitchen, staff capacity has been reduced to 50 per cent," he added.

Meanwhile, malls re-opened in Bengaluru today, people along with staff members were allowed to enter inside Garuda Mall while maintaining social distancing.

"As per government norms, we are following all the preventive measures. Staff and other people are being sanitized and then only allowed inside the mall. The mall has been deep cleaned. People entering the mall should have Aarogya Setu App installed in their mobile phones if not, they will be sent back," said John Joseph, Manager, Garuda Mall.

Restaurants re-opened in the national capital as Delhi CM Arvind Kejriwal announced yesterday that all restaurants and malls are allowed to resume operations from today.

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News Network
January 6,2020

Jan 6: Senior Bharatiya Janata Party leader Subramanian Swamy on Sunday said the country's economy is not showing good signs though Prime Minister Narendra Modi has manifested tremendous leadership skills in fighting terror and in social welfare projects.

The fiscal decisions of the government have not yielded the desired results, the Rajya Sabha MP said here.

"Modi had shown tremendous leadership skill in fighting terror, in several social areas, micro areas like bringing toilets to every village home. But the economy is a complex system...," he said while taking part in a discussion.

While every minister is talking about a 5 trillion dollar economy by 2024, but the current GDP growth has to be multiplied in four years to achieve that, the former Union minister said.

He said, if wages are slashed as a measure to cope with the situation, labor will become cheap but that will also cut down the people's purchasing power triggering dip in demand, closing down factories and rise in unemployment.

"This is one problem for which you really need an economist," he said.

Swamy said in jest, "I think Modi has one problem with me. Not only I am an economist but also a politician."

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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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