Modi justifies fielding terror accused Pragya Thakur, conducting I-T raids

Agencies
April 21, 2019

New Delhi, Apr 21: Prime Minister Narendra Modi Saturday said the recent Income Tax raids on certain politicians were not part of "political vendetta" and things were happening as per the law.

Modi also defended the decision to field Malegaon blast accused Sadhvi Pragya Singh Thakur from the Bhopal Lok Sabha seat, saying she is a "symbol" for those who described Hindus as terrorists. She will give a tough fight to the Congress there, he said.

Thakur is pitted against senior Congress leader Digvijaya Singh from the seat in Madhya Pradesh.

"The decision (to field Thakur) is a befitting reply to individuals who linked a whole religion and culture to terror,” the prime minister said taking a jibe at the Congress over saffron terror remarks.

In an interview to Times Now news channel, Modi said the Income Tax raids were happening as per the law and were not part of any "political vendetta".

He said the raids have all yielded proof of corruption, including siphoning of money from schemes meant for the most vulnerable sections of the society like children and expectant mothers.

Responding to a question on loan defaulters Vijay Mallya, Nirav Modi and Mehul Choksi escaping the country, Modi said when they realised that under the present government,  they will have to return the loan. They escaped taking benefit of the system, he said.

In 2019, they have been brought to the steps of jails, after 2019, they will be in jail, Modi said.

"Why aren't the critics talking about the fact that some have lost their cases on extradition while others are rotting in jail,” he said. 

He asserted that the BJP will return to power with greater numbers and said even the NDA allies would do better than 2014 polls. It will be a complete majority, Modi said.

Comments

Mr Frank
 - 
Monday, 22 Apr 2019

Ruling of British empire was far better than Modi Govt...if this continue India need 2nd Ahimsa chalavali to restore its dignity...from terrorist ruler.

Wellwisher
 - 
Sunday, 21 Apr 2019

The fellow with one eye favors only to his nagpur associated group and wing. To cover his failure and unsuccessful project and all criminal activity now he is  playing with Hindutva. As if he is only the real Hindu.

 

No one can devide India by the name of religion

If try than vanished from Indian history.

 

 

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News Network
March 6,2020

New Delhi, Mar 6: Union Finance Minister Nirmala Sitharaman on Friday will move the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019 for consideration and passing in Lok Sabha.

In December last year, the Union Cabinet had approved a proposal to promulgate an ordinance to amend the Insolvency and Bankruptcy Code (IBC) 2016.

The amendments will remove certain ambiguities in the IBC 2016 and ensure smooth implementation of the code, an official statement said.

The move is aimed at easing the insolvency resolution process and promoting the ease of doing business. Aimed at streamlining of the insolvency resolution process, the amendments seek to protect last-mile funding and boost investment in financially-distressed sectors.

Under the amendments, the liability of a corporate debtor for an offence committed before the corporate insolvency resolution process will cease.

The debtor will not be prosecuted for an offence from the date the resolution plan has been approved by the adjudicating authority if a resolution plan results in change in the management or control of the corporate debtor to a person who was not a promoter or in the management or control of the corporate debtor or a related party of such a person.

The amendments are aimed at providing more protection to bidders participating in the recovery proceedings and in turn boosting investor confidence in the country's financial system.

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Agencies
June 2,2020

Singapore, Jun 2: Moody's Investors Service on Tuesday downgraded 11 Indian banks along with as many non-financial companies and infrastructure majors besides four government-related issuers following a downgrade of the Indian government's issuer rating to Baa3 from Baa2 with a negative outlook.

The rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, volatile oil prices and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets, said Moody's.

The Indian banking sector has been affected given the disruptions to India's economic activity from the coronavirus outbreak, which is weakening borrowers' credit profiles, it added.

The 11 lenders include Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Export-Import Bank of India, HDFC Bank, Indian Overseas Bank, IndusInd Bank, Punjab National Bank, State Bank of India and Union Bank of India.

The 11 non-finance companies are Oil and Natural Gas Corporation, Hindustan Petroleum Corporation, Oil India, Indian Oil Corporation, Bharat Petroleum Corporation, Petronet LNG, Tata Consultancy Services, Infosys, Reliance Industries, UPL Corporation and Genpact.

The 11 infrastructure companies are NTPC, NHPC, National Highways Authority of India, Power Grid Corporation, Gail India, Adani Green Energy Restricted Group (RG-2), Adani Transmission Restricted Group, Adani Ports and Special Economic Zone, Adani Transmission, Adani Electricity Mumbai and Azure Power Solar Energy.

The four Indian government-related issuers are Indian Railway Finance Corporation, Housing and Urban Development Corporation, Power Finance Corporation and REC Ltd.

"Government-related issuers in India have been affected because of disruptions to India's economy which will weaken borrowers' credit profiles," said Moody's.

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News Network
June 3,2020

New Delhi, Jun 3: India registered its highest single-day spike in COVID-19 cases on Wednesday with 8,909 more cases reported in the last 24 hours, taking the country's tally to 2,07,615, while the death toll rose to 5,815 according to the Union Health and Family Welfare Ministry.

The number of active COVID-19 cases stood to 1,01,497 while 1,00,303 people have been cured/discharged/migrated.

According to the Union Health and Family Welfare Ministry, out of all the states, Maharashtra has recorded the highest number of coronavirus cases with 72,300 patients followed by Tamil Nadu with 24,586 cases.

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