Rahul attacks PM on currency shortage, says country in grip of ‘note ban’ terror again

Agencies
April 17, 2018

New Delhi, Apr 17: Congress President Rahul Gandhi today said the “terror of note-ban” has again gripped the country due to reported shortage of cash in several states and accused Prime Minister Narendra Modi of destroying the country’s banking system with his demonetisation decision.

The Congress chief, who is in his Parliamentary constituency Amethi, took to Twitter to attack Mr. Modi, alleging he “snatched” the ₹500 and ₹1000 currency notes from every Indian’s pocket and “gave” it to Nirav Modi, but was neither speaking a word about it nor facing Parliament.

“Modi ji has destroyed the banking system of the country,” Mr. Gandhi said on the reported cash crunch in some ATMs.

He alleged that Narendra Modi did not speak a word “after Nirav Modi fled the country with ₹1,000 crore.”

“The Prime Minister has not uttered a single word after he made the entire country stand in a queue, snatched ₹500 and ₹1000 currency notes from your pocket and put it in Nirav Modi’s pocket. He fears standing in Parliament too,” he said.

The terror of noteban has gripped the country again as the cash in various banks has gone dry, Mr. Gandhi alleged and used the hashtag “CashCrunch” with his tweet in Hindi.

“Understand the deceit of Noteban, your money in Nirav Modi’s pocket. Modiji’s ‘Mallya maya’, the terror or noteban is again spreading. The country’s ATMs are again empty, what has been done to the country’s banks,” he tweeted.

Congress communications in-charge Randeep Surjewala also took a dig at the Prime Minister, saying “while the ‘saheb’ is enjoying abroad, the country’s people are looking for cash in banks.”

Several parts of Andhra Pradesh, Telangana, Madhya Pradesh, Bihar and poll-bound Karnataka have reported shortage of currency and ATMs running down, which the government today attributed to unusual spurt in demand in last three months.

Finance Minister Arun Jaitley said the “temporary shortage” in certain states is being “tackled quickly” and that there is “more than adequate” currency in circulation.

Congress leader Jaiver Shergill said that news is pouring in from Bihar, Rajasthan, Telangana, and Jharkhand that there is no money in the country’s banks.

“The Congress party demands that the money that the BJP has earned from cleaning off the banks should be returned and the ATMs should be made operational,” he said.

“BJP and friends have stolen the country’s money, that’s why there is no money in the country’s ATMs,” he alleged.

Comments

ahmed
 - 
Wednesday, 18 Apr 2018

My Dear Rahuljii Our Chayawala PM FLy  Looted bank then were we will get money Haaa.haaa Modi change solgon SUB KA SATH INDIA KA VINASH...

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Agencies
July 29,2020

New Delhi, Jul 29: Coronavirus infections in India continue to mount as the country's total case tally crossed the 15-lakh mark.

India added 48,513 fresh cases in 24 hours, taking the total tally to over 15.3 lakh, according to the Health Ministry’s 8 a.m. update on July 29.

Key Figures

Total number of confirmed coronavirus cases: 15,31,669
Active cases: 5,09,447
Cured/discharged/migrated: 9,88,029
Deaths: 34,193
Number of fresh cases in 24 hours: 48,513
One-day recoveries: 35,175
One-day deaths: 768
India’s coronavirus epidemic is growing at the fastest pace in the world, increasing 20% over the last week, according to Bloomberg’s Coronavirus Tracker. Maharashtra, Tamil Nadu, Andhra Pradesh and Karnataka are among the states where the maximum number of daily cares are being reported.

Fresh cases continued to come in at a heightened pace, hovering just below 50,000 for the last six days.

Moderna Inc.’s vaccine candidate against Covid-19 protected against the virus in a trial that inoculated 16 monkeys, an encouraging step on the path to a defense for humans against the pandemic. Pfizer Inc., however, is preparing for the novel coronavirus to endure, leading to long-term demand for a seasonal shot to protect against Covid-19.

“There is a likely scenario that either the vaccine’s immunity will not be lasting forever,” said Chief Executive Officer Albert Bourla in an interview Tuesday, “or that the virus will mutate, or that the virus will find ways to come back again and again.”

Even as the transmission rate of Covid-19 remains high in India, the pace of recovery has risen too. On Wednesday, India reported its third day of over 35,000 recoveries.

Global Update

Flare-ups in virus cases from Hong Kong to Europe are proving difficult for policy makers to wrangle. The U.S. neared 150,000 deaths from Covid-19, even as daily infections slowed in some hard-hit states. China reported 101 new cases, up from 68 a day earlier, with 98 of the total from local infections, mostly in Xinjiang.

Philippine health authorities warned that hospitals and infirmaries risk getting overwhelmed.

Globally, confirmed Covid-19 cases have topped 16.6 million with over 658,000 dead.

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News Network
January 7,2020

Jan 7: India’s monetary authority allowed banks to offer foreign-currency transactions outside of local market hours, a move aimed at boosting trading volumes at home.

Interbank deals, as well as those with customers in and outside India, can be undertaken by banks or their overseas branches and units at all times, the Reserve Bank of India said in a statement late Monday. It stopped short of saying whether the timing of the onshore over-the-counter market has been extended from the current 9 a.m. to 5 p.m.

The move is in line with recent recommendations to reverse the trend of the partially convertible rupee being traded more abroad than in India. London has overtaken Mumbai to become the top center for trading the rupee, adding to a sense of urgency among local authorities to deepen the onshore market.

Average daily volumes for rupee in the U.K. soared to $46.8 billion in April, a more than fivefold jump from $8.8 billion in 2016, according to a survey from the Bank for International Settlements published in September. That exceeded the $34.5 billion recorded in India.

Analysts say more trading abroad could amplify volatility in the domestic market and reduce the effectiveness of policy actions.

India’s decision comes as the London Stock Exchange Group Plc has started asking market participants if they want the bourse to function fewer hours, signaling it’s open to an argument driven by changing trading patterns and calls for a better work-life balance.

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News Nerwork
June 7,2020

New Delhi, Jun 7: Rain lashed some parts of the Delhi-NCR on Sunday morning.

The India Meteorological Department (IMD) has predicted partly cloudy sky with possibility of development of thunder lightning for three days from June 10 onwards with minimum and maximum temperature will hover around 29° Celcius and 42° Celcius respectively.

Strong surface winds during day time have been predicted for today by IMD.

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