Illegal migrants are SP, BSP vote bank: Amit Shah

Agencies
February 9, 2019

Maharajganj/Jaunpur, Feb 9: BJP president Amit Shah on Friday called illegal migrants a vote bank of the SP and the BSP and also targeted the opposition over the issues of triple talaq and the Ayodhya dispute.

He said “every single intruder” will be sent home if the BJP returns to power.

Shah said the party remained committed to the construction of the Ram temple at the disputed site in Ayodhya, and challenged the opposition parties to spell out their own stands on the issue.

He was addressing booth-level party workers in Maharajganj and later in Jaunpur, in a series of such interactions in the run-up to the Lok Sabha elections.

In Jaunpur, he brought up the surgical strike against militant camps in Pakistan-held territory in 2016.

"When army personnel came back after avenging the death of their colleagues, there was a major change globally as there are only two countries which have avenged the death of their army personnel -- Israel and United States,” he said.

“India was included in that category because of Prime Minister Narendra Modi," he said.

Raising the issue of illegal migrants from Bangladesh, he said in Maharajganj, "Should the intruders not be thrown out of the country?”

He said the recent exercise on the National Register of Citizens (NRC) in Assam had identified 40 lakh such people, “and the process of throwing them out has started”.

"If UP elects the Narendra Modi government again in 2019, from Kashmir to Kanyakumari, from Assam to Gujarat, from Uttar Pradesh to Uttarakhand, every single intruder will be ousted,” he said.

"These intruders may be a vote bank for "bua” and “bhatija”,” Shah said, referring to alliance partners Bahujan Samaj Party chief Mayawati and Samajwadi Party president Akhilesh Yadav. “For us, it is national security that is most important."

He referred to Congress women wing chief Sushmita Dev remark Thursday that the party will scrap the triple talaq law if it comes to power, and asked, "Should Muslim women and girls not get their rights?”

“Every woman in the country has the right to her dignity and Modi will give this right to Muslim women as well," Shah said.

The Bharatiya Janata Party chief said all BJP workers want to know the party's stand on the Ram temple.

"I want to make it clear that the BJP is committed to building a grand Ram temple at the same place at the earliest," he said.

He charged that the Congress wanted the Ayodhya land case taken up only after the elections.

He said the faith of crores of people was attached to the case, and asked the Congress, “Whom do you want to appease?"

"I have said here that the BJP is committed to the Ram temple's construction, but I want to ask bua-bhatija and Rahul baba to clear their parties' stand on it,” he said, throwing a challenge at UP's opposition alliance and the Congress.

“If they do not want it, they should clearly tell the people. Whatever their stand is, the BJP will get a grand temple built there," he said.

Shah recalled that the Centre has moved the Supreme Court seeking permission to return the uncontested land adjacent to the disputed site to its original owners.

He referred to Congress women wing chief Sushmita Dev remark Thursday that the party will scrap the triple talaq law if it comes to power.

"Should Muslim women and girls not get their rights?” he said.

“Every woman in the country has the right to her dignity and Modi will give this right to Muslim women as well," Shah said.

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Haamid
 - 
Saturday, 9 Feb 2019

Criminal,one of the worst politican of our country

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News Network
March 6,2020

New Delhi, Mar 6: Shares of YES Bank and State Bank of India came under huge selling pressure on Friday as developments unfolded regarding SBI picking stake in the private lender. Shares of the lender hit record low of Rs 5.55, plunging 85 per cent, and were trading below its previous low of Rs 8.16 hit on March 9, 2009.

SBI, on the other hand, slumped 11 per cent to Rs 257.35 on the BSE. The benchmark S&P BSE Sensex was trading with a cut of over 3 per cent at 37,251.37 level.

In the past three months, share price of the private lender has plunged 41 per cent, while the state-owned lender has slipped 14 per cent. In comparison, the S&P BSE Sensex has dipped 5.6 per cent till Thursday.

On Thursday, the Reserve Bank of India superseded the board of troubled private sector lender YES Bank and imposed a 30-day moratorium on it “in the absence of a credible revival plan” amid a “serious deterioration” in its financial health.

During the moratorium, which came into effect from 6 pm on Thursday, YES Bank will not be allowed to grant or renew any loans, and “incur any liability”, except for payment towards employees’ salaries, rent, taxes and legal expenses, among others.

This is the first time that a bank of this size will be put under a moratorium by the RBI.

“The financial position of YES Bank had undergone a steady decline “largely due to inability of the bank to raise capital to address potential loan losses and resultant downgrades, triggering invocation of bond covenants by investors, and withdrawal of deposits,” RBI said in a statement.

“After the moratorium, the next step will be to infuse to money and keep the bank afloat. So from shareholders’ point of view, the future is certainly hazy as the capital requirement is huge. The good part, however, is that the RBI has stepped in and depositors don't have to worry,” says Siddharth Purohit, a research analyst at SMC Securities.

Meanwhile, analysts at Nomura believe that placing the Bank under moratorium implies that equity value in the bank would be negligible, and that the chances of private capital participating in future capital raising plan are near zero.

"Any resolution for Yes Bank is more proposed from the perspective of deposit holders and systemic stability, and not from the perspective of Yes Bank equity investors or even perpetual bond holders," they wrote in a note dated March 6.

In another development, SBI’s Board Thursday gave in-principle approval to consider an “investment opportunity” in YES Bank, even as it said “no decision had yet been taken to pick up stake in the bank”.

According to a  report, highly-placed sources indicated a rescue plan involving SBI and Life Insurance Corporation of India (LIC) was being discussed and an announcement in this regard might be made soon.

“While the finer details of the deal are being worked out, it is anticipated that both SBI and LIC together will take a 51 per cent stake in the bank, with a one-year lock-in period,” the report said.

Most analysts believe it is a positive step for the Indian financial sector as the government has tried to avoid a repeat of IL&FS-like crisis.

“The move is a positive step for the financial sector as a whole. By this, the government has tried to avoid a repeat of IL&FS-like crisis and has saved the depositors,” said AK Prabhakar, Head of Research at IDBI Capital. While we know that YES Bank has a huge pile of bad loans, SBI is the only bank that has the capacity to absorb it, he added.

However, the valuation at which YES bank would be taken over remains a cause of concern.

Global brokerage firm JP Morgan Thursday cut its target price for YES Bank on Thursday to Rs 1 per share, taking into account the potential fall in the lender’s net worth due to stressed assets.

“We believe forced bailout investors will likely want the bank to be acquired at near-zero value to account for risks associated with the stress book and likely loss of deposits. We think the bank will need to be recapitalised at nominal equity value and could test dilution of additional tier 1 (AT1) capital. We remain underweight and cut our target price to Rs 1 as we believe net worth is largely impaired,” JP Morgan said in a note.

Global brokerage firm Nomura estimates a need of Rs 25,000-44,000 crore and adjusted for Rs 7,400 crore of current coverage, if the current stress of Rs 65,000-70,000 crore faces 70 per cent loss given default (LGD).

"It implies Rs 18,000-37,000 crore needed for provisioning against the current net worth of Rs 25,700 crore Also, to run as going concern, the bank would require over Rs 20,000 crore of CET-1 capital as well," the note said.

YES Bank has registered slippages of Rs 12,000 crore so far in FY20, while it has placed Rs 30,000 crore of loan assets under the watch list. Its deposits stood at Rs 2.09 trillion on September 30, 2019, while its advances totalled Rs 2.24 trillion. The bank has delayed publishing its December quarter results by a month to March 14.

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News Network
May 23,2020

New Delhi, May 23: India witnessed the biggest ever spike of 6,654 positive cases in the last 24 hours, taking the total number of COVID-19 cases to 1,25,101, according to the Union Ministry of Health and Family Welfare.

As many as 137 deaths have been reported in the last 24 hours, taking the death toll to 3,720.
Out of the total number of cases, 69,597 are active and 51,784 have been cured/discharged or have migrated.

Maharashtra continues to remain the worst-affected state with 44,582 COVID-19 cases. It is followed by Tamil Nadu (14,753), Gujarat (13,268), and Delhi (12,319).

The nationwide lockdown imposed as a precautionary measure to contain the spread of COVID-19 has been extended till May 31.

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News Network
January 18,2020

New Delhi, Jan 18: Senior advocate Indira Jaising urged the mother of Nirbhaya to pardon the men on death row who were convicted for the 2012 gang rape of her daughter.

Jaising took to Twitter to make the request shortly after Asha Devi on Friday expressed her disappointment following a Delhi court postponed the date of the execution of the four convicts.

"While I fully identify with the pain of Asha Devi I urge her to follow the example of Sonia Gandhi who forgave Nalini and said she didn't not want the death penalty for her. We are with you but against the death penalty," Jaisingh tweeted.

Asha Devi lashed out at Jaisingh suggesting pardon for the convicts. "I can't believe how Indira Jaising even dared to suggest such this. I met her many times over the years in Supreme Court, not once she asked for my wellbeing and today, she is speaking for convicts. Such people earn livelihood by supporting rapists, hence rape incidents don't stop," Asha Devi told ANI.

Nalini was arrested and convicted for her role in the assassination of former prime minister Rajiv Gandhi in 1991.

Earlier on Friday Asha Devi had lashed out at the courts and the government stating that "the same people who had in the year 2012 gone around participating in rallies and raised slogans for women's safety are playing with the death of my daughter for their political gains. They have stopped the execution for their political gains."

The death-row convicts who were earlier slated to be executed on January 22 at 7 am are set to be hanged on February 1 at 6 am.

Asha Devi rued that the convicts got what they wished for. "I will not be satisfied until they are hanged," she added.

Four convicts, Vinay, Akshay, Pawan and Mukesh were convicted and sentenced to death for raping a 23-year-old woman in a moving bus in the national capital on the intervening night of December 16-17, 2012.

The victim, who was later given the name Nirbhaya succumbed to injuries at a hospital in Singapore where she had been airlifted for medical treatment.

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