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Modi govt appoints Arnab Goswami, Ram Bahadur, 2 other saffronists as members of NMML

Agencies
November 3, 2018

New Delhi, Nov 3: The Centre has appointed journalist Arnab Goswami, former Foreign Secretary S Jaishankar, BJP MP Vinay Sahasrabuddhe and IGNCA chairman Ram Bahadur Rai as members of Nehru Memorial Museum and Library Society, replacing four members who had opposed the move to build a museum for all prime ministers at the Teen Murti Estate.

Former Union Minister MJ Akbar, who resigned from the Cabinet on October 17 in the wake of allegations of sexual harassment levelled by several women journalists, however, continues to be the vice chairman of the NMML executive council.

According to a notification on October 29, the culture ministry replaced economist Nitin Desai, professor Udayan Mishra and former bureaucrat BP Singh. Another member Pratap Bhanu Mehta had resigned in 2016 over the appointment of Shakti Sinha as NMML director.

The newly appointed members will serve until April 25, 2020, the order said.

Pratap Bhanu Mehta, BP Singh and Udayan Mishra, who have been replaced, had openly spoken against the decision to set up the museum for PMs at the complex, sources said.

"Their tenures have not ended. They have been replaced," NMML director Shakti Sinha told PTI on the development.

Asked about the reason behind the appointments, Sinha said they will help meet the goal to develop NMML into a centre of research as envisioned by the present government

"This is part of a bigger plan to make NMML a centre of research. Ram Bahadur Rai has been commenting on the Indian political scene for the last 50 years. He personally knew some of the PMs," Sinha said

"Jaishankar will bring us an insight into how decisions are made at the top and Goswami, as a senior journalist and a scholar in his earlier days, will also contribute immensely to our plans of creating a database of research and information on Indian political history," said Sinha.

Sahasrabuddhe, who is president of the Indian Council for Cultural Relations, took to Twitter to thank the prime minister and hit out at those opposing the proposed museum for all prime ministers.

"It's an honour to be on the board of Nehru Memorial Museum n Library! Many thanks PM @narendramodi ji, @dr_maheshsharma ji! Expectedly, those talking about Inclusive Democracy are opposing conversion of  NMML into all-PM Museum with Pt Nehru Memorial intact!", tweeted Sahasrabuddhe.

Ram Bahadur Rai is the chairman of the Indira Gandhi National Centre for the Arts

The 'bhoomi poojan' (foundation stone laying ceremony) for the museum was conducted by Culture Minister Mahesh Sharma on October 15 this year.

The NMML is also embroiled in a controversy over an eviction notice sent in September by the Directorate of Estates of the Union Ministry of Urban Development to the Jawaharlal Nehru Memorial Fund.

Established in 1964, the Fund has been located at Teen Murti, once the residence of India's first Prime Minister Jawaharlal Nehru, since 1967.

On November 1, however, the Delhi High Court stayed the eviction notice.

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bangarappa
 - 
Sunday, 4 Nov 2018

loyal DOGS, SLAVES & bootlicker get promotion, true patroit get anti national award, what a day come to our belove country.

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News Network
May 4,2020

Munbai/New Delhi, May 4: India expects bad debts at its banks could double after the coronavirus crisis brought the economy to a sudden halt, a senior government official and four top bankers said.

Indian banks are already grappling with 9.35 trillion rupees ($123 billion) of soured loans, which was equivalent to about 9.1% of their total assets at the end of September 2019.

"There is a considered view in the government that bank non-performing assets (NPAs) could double to 18-20% by the end of the fiscal year, as 20-25% of outstanding loans face a risk of default," the official with direct knowledge of the matter said.

A fresh surge in bad debt could hit credit growth and delay India's recovery from the coronavirus pandemic.

"These are unprecedented times and the way it's going we can expect banks to report double the amount of NPAs from what we've seen in earlier quarters," the finance head of a top public sector bank told Reuters.

The official and bankers declined to be named as they were not officially authorized to discuss the matter with media.

India's finance ministry declined to comment, while the Reserve Bank of India and Indian Banks' Association, the main industry body, did not immediately respond to emails seeking comment.

The Indian economy has ground to a standstill amid a 40-day nationwide lockdown to rein in the spread of coronavirus cases.

The lockdown has now been extended by a further two weeks, but the government has begun to ease some restrictions in districts that are relatively unscathed by the virus.

India has so far recorded nearly 40,000 cases of the coronavirus and more than 1,300 deaths from COVID-19, the respiratory disease caused by the coronavirus.

'RIDING THE TIGER'

Bankers fear it is unlikely that the economy will fully open up before June or July, and loans, especially those to small- and medium-sized businesses which constitute nearly 20% of overall credit, may be among the worst affected.

This is because all 10 of India's largest cities fall in high-risk red zones, where restrictions will remain stringent.

A report by Axis Bank said that these red zones, which contribute significantly to India's economy, account for roughly 83% of the overall loans made by its banks as of December.

One of the sources, an executive director of a public sector bank, said that economic growth had been sluggish and risks had been heightened, even ahead of the coronavirus crisis.

"Now we have this Black Swan event which means without any meaningful government stimulus, the economy will be in tatters for several more quarters," he said.

McKinsey & Co last month forecast India's economy could contract by around 20% in the three months through June, if the lockdown was extended to mid-May, and growth in the fiscal year was likely to fall 2% to 3%.

Bankers say the only way to stem the steep rise in bad loans is if the RBI significantly relaxes bad asset recognition rules.

Banks have asked the central bank to allow all loans to be categorized as NPAs only after 180 days, which is double the current 90-day window.

"The lockdown is like riding the tiger, once we get off it we'll be in a difficult position," a senior private sector banker said.

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Agencies
August 8,2020

Idukki, Aug 8: Nine more bodies have been recovered from the landslide ravaged Pettimudi near Munnar in Idukki on Saturday. With this the death toll in the tragedy reached 26. Around 40 are feared to be still trapped under the debris or washed away.

The rescue operation by NDRF and Fire and Rescue Services that was stopped by Friday evening due to poor light and bad weather resumed by Saturday morning.

Horrifying scene prevailed in the area as relatives of the missing people screamed around in search of their beloved ones. As it is nearly 48 hours since the incident happened, the chances of recovering missing persons alive from the debris is becoming bleak. Three of the bodies recovered on Saturday could not be identified till evening.

Kerala Revenue Minster E Chandrasekharan, who visited the area on Saturday, said that search operation would be carried out until all the missing are recovered.

It was by around 11.30 pm on Thursday that landslide had hit the Nayamakkad estate of Kannan Devan Hills and Plantations. Settlement clusters of plantation workers where 83 persons were staying were reduced to debris as the huge rocks came bulldozing. Five of the residents were reported to be not in the spot while the mishap occured.

Meanwhile, heavy rains led to floods at many parts of the state. Red alert has been issued at Idukki, Malappuram and Wayanad districts for Sunday also. A total of 11,446 persons of 3,530 families were shifted to relief camps across the state, of which major chunk is at Wayanad.

Chief Minister Pinarayi Vijayan said that water level at most dams is increasing swiftly.

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Agencies
August 4,2020

Ayodhya,  Aug 4: Various religious ceremonies have been conducted for the past 108 days by saints in Ayodhya and Prime Minister Narendra Modi will take part in `muhurat puja' at 12.44 pm on Wednesday as part of 'bhoomi pujan' for construction of a grand Ram temple.

PM Modi will arrive at 12:30 pm at the Ramjanmbhoomi and take part in various prayers including the main "bhoomi pujan".

Govind Giriji Maharaj, treasurer of Shri Ramjanmbhoomi Teerth Kshetra Trust, said that the religious ceremonies will begin from 8:30 am in the morning and will continue till 12:30 pm.

"The Prime Minister will arrive at 12:30 pm and he will offer `puja' for 15 minutes and take 'sankalp'. First Lord Ganesh will be worshipped then he will offer prayers of eight shilas. Some prayers at shilas we have conducted already," Giri told said.

"The muhrat of pooja is at 12: 44 pm. He will say words 'prathisthapayami' and it is crucial to be done in that muhrat," he said.

Elaborating on the rituals to be performed tomorrow by the Prime Minister, the trust member said that most important is `Kurm Shila' .

"The most important is Kurm Shila - this is right beneath the place where Ram Lalla will be seated. It is this ceremony that we are conducting tomorrow. A cone of Bakul tree wood will be kept in ceremony. This isn't an ordinary cone, it is made of various metals including gold and silver. 

A lotus with nine gems too will be part of pujan which will be offered to this cone by the Prime Minister," he said.

"These are intrinsic to main bhumi pujan. The first religious ceremony was of Devi Kali. There are two devi kalis here, `choti' and `badi'. She is kuldevi, family's goddess of Sita. Today we held Ramarchan ceremony," said Giri.

The Vedic pundits who are involved in religious ceremonies have come from Delhi, Mathura and Kashi.

Asked about the absence of Nepal's religious head of Janaki Mandir, he said that there are many, including 20 religious heads, who would not able to come because they can't leave their seat in Chaturmas.

On the design of temple, Giri said, the old design will remain as it is except a rise in height.

"The structure has become popular and we will keep it. Keeping in mind the modernisation of architecture, we have raised height from 128 feet to 161 feet and instead of three peaks we will have five peaks," he said.

Kanchi Pithadhishvar Maharaj has sent silver coins as souvenirs for every sadhu participating in it, Giri said.

Invitations have been sent to 175 people, including 135 saints of 35 religious organisations to attend the foundation stone-laying ceremony of Ram temple.

The construction of Ram temple will begin in Ayodhya after the ceremony to lay the foundation stone.

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