India doesn't need 'Bechara' like Kumaraswamy: Jaitley

Agencies
July 16, 2018

New Delhi, July 16: Union Minister Arun Jaitley on Monday noted that India's leader cannot be a 'Bechara' (weak person).

Jaitley's comment came days after Karnataka Chief Minister HD Kumaraswamy broke down expressed his unhappiness at holding the Chief Minister's position in the Congress-Janata Dal (Secular) coalition government in the state.

"Listening to these statements of an Honourable Chief Minister, my memory took me back to the dialogues of the tragedy era of Hindi cinema. If this is the consequence of a two-party coalition, what is it that a disparate group of parties with no ideological similarity offer to India? India's Prime Minister and his Government have to overcome the challenges that India faces today. He cannot be seen like the Chief Minister of Karnataka as a tragedy king. If such a coalition is a cup of poison, why even dream of inflicting it on the nation? The leader of the world's fastest-growing economy cannot be a 'Bechara'," he wrote in a blog post.

Continuing his attack at the Karnataka government and the Opposition parties, Jaitley stated that developments in Karnataka were an obvious consequence of a non-ideological opportunistic alliance with no positive agenda, the basis of which, he said, was to 'Keep Modi Out'.

"Such non-ideological opportunistic coalitions always get trapped within their own contradictions. Their only object is survival and not service of the nation. Their longevity is a suspect. If the Prime Minister of such a coalition has to weep before the cameras with an only wish of how to exit from office, it will be a scenario worse than the policy paralysis of UPA II. The Congress firmly believes that only members of one family can rule India. If anybody else gets a chance, he should be pushed to the desperation of throwing his hands up and weeping publicly," he noted.

With regards to the formation of a third front ahead of the general elections in 2019, Jaitley opined that stable politics was far from the political track record of the "ideologically flexible political groups."

"A group of disparate political parties are promising to come together. Some of their leaders are temperamental; the others occasionally change ideological positions. With many of them, such as TMC, DMK, TDP, BSP and the JD(S), the BJP has had an opportunity to share power. Some amongst this disparate group have an extremely dubious track record of governance. Some leaders are maverick and others include those who are either convicted or charged with serious allegations of corruption. There are many whose political support base is confined to either a few districts or to a particular caste," Jaitley noted.

He continued, "To rule a large country like India through coalitions is possible but the nucleus of a coalition has to be stable. It must have a large size, an ideologically defined position and a vested interest in honest governance. A federal front is a failed idea. It was experimented under Shri Charan Singh, Shri Chandrasekhar and by the United Front Government from 1996-98. Such a front with its contradictions, sooner or later, loses its balance and equilibrium."

Jaitley also noted that if vote bank politics takes precedence over crucial matters of national interest, such as growing terrorism, rising crude oil prices and a possible trade war, such a government would be a liability.

"We need, for the next one decade and more, a high trajectory growth. To confront these challenges, India needs a strong and cohesive Government. More so, it means a decisive political leadership. It needs a Government which is able to resist unfair pressures of either allies or regions. It is the high growth rate, investment into rural India and the social sectors, credibility and strength of the Indian economy which will help us to be domestically strong to meet these challenges. A leadership unsure of itself meets the challenge of eliminating poverty and transforming the world's fastest growing economy into a developed nation?" he asked.

Addressing an event on Saturday, a teary-eyed Kumaraswamy claimed that he was swallowing the pain of a coalition government in Karnataka.

"People are standing with bouquets to wish me, as one of their brothers became Chief Minister and they all are happy, but I'm not. I know the pain of coalition government. I became Vishkanth (Lord Shiva) and swallowed pain of this government," he said.

Kumaraswamy further said he wanted to become the Chief Minister of Karnataka to solve the problems of the people and fulfill the unfinished agenda of his father and former prime minister, H D Deve Gowda.

Comments

Well Wisher
 - 
Tuesday, 17 Jul 2018

Dear Mr. Jaitley,
Kannadigas can tolerate this single bechara. no problem. But all Indians are no longer can tolerate bunch of becharas. They are just waiting for 2019

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Agencies
March 8,2020

Mumbai, Mar 8: A day after the Enforcement Directorate registered a money laundering case against Yes Bank founder Rana Kapoor and raided his premises, he was taken to the agency's office in Mumbai on Saturday for further questioning.

Kapoor, who was grilled by central agency's officials on Friday night at his Samudra Mahal residence in Mumbai, was shifted to the ED office in the metropolis around 12.30 pm.

ED officials said Kapoor was questioned throughout the night, with some rest time.

A senior ED official connected with the probe told IANS: "Kapoor will be questioned about Yes Bank loans to Dewan Housing Finance Limited (DHFL)."

The official said that during searches a lot of incriminating documents were found and the agency wanted to grill him on his links with DHFL promoters and other companies.

Kapoor's alleged role in the disbursal of loan to a corporate entity and kickbacks reportedly received in his wife's bank account are also under probe.

The ED had filed the money laundering case against Kapoor and raided his residence, apart from issuing a look-out circular so that he does not flee the country.

The ED registered a money laundering case against Kapoor as a continuation of its probe against the DHFL wherein it was allegedly found that Rs 12,500 crore was diverted to 80 shell companies using one lakh fake borrowers. The transactions with these shell companies date back to 2015.

An ED official in New Delhi told IANS that the DHFL probe revealed that funds diverted by the DHFL originated from Yes Bank.

He said that the searches at Kapoor's residence on Friday night were meant to find out any irregularity in grant of loans to the DHFL by the Yes Bank.

The ED has accused Kapil and Dheeraj Wadhawan of DHFL of purchasing shares in five firms -- Faith Realtors, Marvel Township, Abe Realty, Poseidon Realty, and Random Realtors -- after which they were amalgamated with Sunblink.

The outstanding loans of these five firms, totalling around Rs 2,186 crore till July 2019, were allegedly appropriated onto the books of Sunblink to cover up the diversion of loans acquired from DHFL.

The ED's action comes after the RBI superseded Yes Bank Board for 30 days and appointed an administrator, putting a cap of Rs 50,000 on withdrawals by account holders for a month.

The RBI said that the bank's board was superseded "owing to serious deterioration in the financial position of the bank".

Former SBI CFO Prashant Kumar was appointed as administrator of Yes Bank, which has over 1,000 branches and 1,800-plus ATMs across the country.

On Thursday, Union Finance Minister Nirmala Sitharaman said that the bank was on watch since 2017 and developments relating to it were monitored on a day-to-day basis.

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News Network
June 2,2020

New Delhi, Jun 2: Congress leader Rahul Gandhi on Monday took a jibe at Prime Minister Narendra Modi over Moody's Investors Service downgrading India's sovereign rating to the lowest investment rate and said that the global rating agency has rated his handling of the country's economy "a step above junk".

"Moody's has rated Modi's handling of India's economy a step above JUNK. Lack of support to the poor and the MSME sector means the worst is yet to come," the Congress leader tweeted citing a media report on Moody's downgrading the nation.

On Monday, Moody's downgraded the country's rating to "Baa3" from "Baa2". This comes at a time when the government is facing criticism from the Opposition over its handling of the COVID-19 situation and measures to boost the economy.

The government has already announced a stimulus package of Rs 20 lakh crore to deal with the situation.

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Agencies
May 17,2020

Mumbai, May 17: Much on expected lines, Maharashtra, on Sunday, extended the coronavirus lockdown till May 31, in order to control the spread of the virus, under the Epidemic Diseases Act, 1897, the state government said in a statement.

On Sunday afternoon, Chief Secretary Ajoy Mehta, in a notification said: "It is further directed that all earlier orders shall be aligned with this order and remain in force up to and inclusive of May 31, 2020. The calibrated phase-wise relaxation or lifting of lockdown orders will be notified in due course."

"Lockdown 3.0 ends today. Lockdown 4.0 will come into effect tomorrow and will be valid till May 31. There will be some relaxations in the fourth phase," he said.

"The green and orange zones will get more relaxations, in terms of starting more services. As of now only essential services are operational, he said.

Maharashtra has recorded 30,706 COVID-19 cases of which 22,479 are active. The death toll is 1135, while 7,088 patients have been discharged after recovery.

In exercise of the powers conferred under Section 2 of the Epidemic Diseases Act, 1898 and the powers, conferred under the Disaster Management Act, 2005, the Chairperson, State Executive Committee, issued direction to extend the lockdown till 31 May 2020 for containment of COVID-19 epidemic in the State and all Departments of Government of Maharashtra shall strictly implement the guidelines issued earlier form time to time, according to the statement.

Over the last two days,  Maharashtra Chief Minister Uddhav Thackeray held a series of meetings with his ministerial colleagues, senior leaders including NCP supremo Sharad Pawar and top officials. 

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