‘Modi govt will not tolerate this’: HRD minister to universities against CAA

News Network
December 30, 2019

Kolkata, Dec 30: As anti-citizenship law protests in various universities showed no signs of let up, Union HRD Minister Ramesh Pokhriyal on Sunday said the central government will not tolerate educational institutions turning into hubs of politicking “at any cost”.

He said that anyone is free to engage in political activities, but colleges and universities should be kept out of it, as many students come to study from far-off places.

“The Narendra Modi government is not going to tolerate this at any cost,” he asserted.

Scores of students from universities across the country, including Jawaharlal Nehru University, Jamia Millia Islamia, Delhi University, Jadavpur University and Presidency University, have been protesting against the Citizenship Amendment Act (CAA).

Pokhriyal accused the opposition parties of deliberately spreading misinformation over the CAA. “It is the Congress, which is responsible for the country’s division on religious grounds, that is spreading misinformation about CAA,” he said.

Taking a swipe at West Bengal Chief Minister Mamata Banerjee for opposing the citizenship law, the minister said the TMC supremo was the one to protest against illegal immigration in the state in 2005 when she was an MP.

 “She had vociferously demanded the Citizenship Amendment Bill back then,” he said.

On the new education policy that is under works, Pokhriyal said it would be connected with the values of the country.

 “The new education policy, which will be brought out after a gap of 33 years, will be India-centric and connected with the country’s values,” he said.

Pokhriyal said the country’s education will advance through knowledge, science and investigation.

He sought to justify the Centre’s decision to grant citizenship to religious minorities from Pakistan, Afghanistan and Bangladesh, contending that these countries are “not secular”.

The minister said that during Partition, religious minorities -- including Hindus, Buddhists, Sikhs, Jains and Christians -- accounted for “over 23 per cent” of Pakistan’s population, but the figure stands at “around 3 per cent” at present.

 “I want to ask Mamataji, where have these people gone and the Congress should also give an answer as to whether they were forced to change religion or killed or forced to flee?” he said.

Pokhriyal claimed that the Muslim population in India has grown from “9 per cent during Independence to 14 per cent at present”.

“The opposition is referring to Article 14 of the Constitution, but the Constitution is for the citizens of the country and it is not a charity house for the whole world,” he said, asserting that there is equality for every citizen irrespective of religion.

Pokhriyal said there is “no bigger” a well-wisher of Muslims of the country than Prime Minister Narendra Modi.

Asked about the protests against West Bengal Governor Jagdeep Dhankhar at universities, he said it is the failure of the state government and an indication that law and order situation is “slipping out of the hands” of the administration.

Comments

Paul
 - 
Tuesday, 31 Dec 2019

Division an all round standing ovation!!  Stoke the masses cause divide and confused beliefs-amongst the citizens - students; bring in harsh measures at ...Quote ..." at any cost" implement changes of laws etc etc. It's like reading the ABC (Alternating Beurocratic  Crap) of simpletons.

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News Network
March 16,2020

Mar 16: An investigation into Coffee Day Enterprises Ltd., initiated by its board after the death of founder V.G. Siddhartha, is likely to conclude that at least Rs 2,000 crore is missing from its accounts, according to people familiar with the matter.

The months-long probe following the suicide of Siddhartha in July examined the financial transactions of India’s largest coffee chain and its dealings with dozens of private companies owned by the entrepreneur. The draft report, running more than a hundred pages, points to thousands of rupees that have gone missing, said the people, asking not to be named because the details aren’t public. It also details hundreds of transactions between the founder’s listed and personal businesses that were not conducted at arm’s length, they said.

Though the report is in its final stages, the precise details could change before its release, expected as early as this week, the people said. The missing funds could total more than Rs 2500 crore, one person said.

“The investigation report is still a work in progress, and not finalized,” a spokesman for the company said. “The board of directors and the company are unaware of its content at this point of time. Hence it would be premature to speculate on the investigation findings.”

The priority for management and Siddhartha’s family “is to keep the business running in a challenging environment and meet all stakeholder commitments, including 30,000 jobs associated with the group,” the spokesman added.

The disappearance of the 59-year-old founder last year stunned India’s business community. He had last been seen telling his driver he was going for an evening walk along a bridge in southern India; his body was found by local fishermen two days later. A letter delivered to Coffee Day’s board and employees, which appeared to be signed by Siddhartha, described massive debts and complained of pressure from lenders and tax authorities. It claimed he bore sole responsibility for the company’s financial transactions.

The probe began about a month later when the company brought in Ashok Kumar Malhotra, a retired senior official from India’s federal enforcement agency, to investigate. A senior lawyer practicing in India’s top court is assisting, the company said in a regulatory filing at the time.

The publicly traded Coffee Day was supposed to be India’s answer to Starbucks Corp. More than 1,500 of its Café Coffee Day outlets blanketed cities and highways, with affordable options for the country’s aspiring middle classes. The chain’s tagline: “A lot can happen over coffee.”

But the empire has been battered since the founder’s death. Its shares plummeted about 90% and its market value dropped to about $80 million. Trading was suspended in February.

India’s regulators are tracking the situation and may use the company’s final report as part of a deeper dive into its internal affairs, the people said. Coffee Day showed about Rs 2400 crore in cash and cash equivalents on its balance sheet as of March 2019, the most recent figures the company has issued.

After the death of Siddhartha however, the company faced a severe liquidity crunch and had “zero cash in the bank,” according to one of the people. It struggled with day-to-day expenses and paying salaries has been a strain, the person said.

The draft report details personal guarantees by Siddhartha for loans taken by Coffee Day, and his unsecured loans at high interest rates from local money lenders, the people said. It also probes Coffee Day’s defaults to coffee growers and other vendors, they said.

A related issue is that coffee estates owned by Siddhartha and several employees had been used as collateral for bank loans. The report found that valuations for properties were inflated to get the loans, one person said.

Investigators have examined several theories about what happened to the company’s money, including whether Coffee Day was manipulating its finances to show cash and profit and whether Siddhartha was taking cash out of the listed company to pay off a large investor to whom he had guaranteed a return, the person said. From the filings of his listed and private companies, the entrepreneur’s loans had totaled more than Rs 10,000 crore, and he had been squeezed by borrowing to repay interest on earlier loans, the person said.

In the letter purportedly from Siddhartha, the entrepreneur said he had tried his best but failed as an entrepreneur. “I am solely responsible for all mistakes,” the letter read. “Every financial transaction is my responsibility. My team, auditors and senior management are totally unaware of all my transactions. The law should hold me and only me accountable, as I have withheld this information from everybody including my family.”

As the report nears release, Coffee Day is finalizing a deal with Blackstone Group Inc. for real estate assets. A large tranche of the payment is due in about a week, one person said.

Coffee Day said it is working to reduce its debt load by divesting non-core enterprises.

“The aim is to save employment and preserve this iconic Indian brand,” the spokesman said.

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News Network
July 25,2020

New Delhi, Jul 25: India reported a spike of 48,916 coronavirus cases on Saturday, according to the Union Ministry of Health and Family Welfare.

The total COVID-19 positive cases stand at 13,36,861 including 4,56,071 active cases, 8,49,431 cured/discharged/migrated. With 757 deaths in the last 24 hours, the cumulative toll reached 31,358.

Maharashtra has reported 3,57,117 coronavirus cases, the highest among states and Union Territories in the country.

A total of 1,99,749 cases have been reported from Tamil Nadu till now, while Delhi has recorded a total of 1,28,389 coronavirus cases.

According to the Indian Council of Medical Research (ICMR), 4,20,898 samples were tested for coronavirus on Friday and overall 1,58,49,068 samples have been tested so far.

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News Network
June 10,2020

New Delhi, Jun 10: Petrol price on Wednesday was hiked by 40 paise per litre and diesel by 45 paise, the fourth straight daily increase in rates after oil PSUs ended an 82-day hiatus in rate revision. Petrol price in Delhi was hiked to Rs 73.40 per litre from Rs 73, while diesel rates were increased to Rs 71.62 a litre from Rs 71.17, according to a price notification of state oil marketing companies.

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.

This is the fourth daily increase in rates in a row since oil companies on Sunday restarted revising prices in line with costs, after ending an 82-day hiatus.

In four hikes, petrol price has gone up by Rs 2.14 per litre and diesel by Rs 2.23.

Latest petrol, diesel prices in top cities:

New Delhi: Petrol ₹73.40. Diesel ₹71.62

Gurgaon: Petrol ₹72.86. Diesel ₹64.90

Mumbai: Petrol ₹80.40. Diesel ₹70.35

Chennai: Petrol ₹77.43. Diesel ₹70.13

Hyderabad: Petrol ₹76.20. Diesel ₹70b

Bengaluru: Petrol ₹75.77. Diesel ₹68.09

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