Congress discarded 'Dalit' leader S. Kesri for Sonia: Modi

Agencies
November 18, 2018

Mahasamund, Nov 18: Prime Minister Narendra Modi on Sunday alleged that Sitaram Kesri, who was from a "Dalit and exploited community", was not allowed to complete his term as the Congress president so that Sonia Gandhi could take over the reins of the party.

Speaking at a poll rally here in Chhattisgarh, Modi claimed that Kesri was ousted unceremoniously, "was locked in a bathroom" and "thrown out on the footpath".

"The Congress had said a chaiwala became the prime minister by the grace of Pandit Jawaharlal Nehru. I challenged them (to show that) when he (Nehru) had established such a democratic and liberal system, then make someone from outside the Gandhi family the Congress president for at least five years," he said.

"The country knows that Sitaram Kesri, who was from a Dalit and exploited community, was not allowed to complete his five-year term as the Congress president and was removed from the post," Modi added.

"The country knows how he was locked in a bathroom and then, thrown out of office and on the footpath to facilitate the entry of Sonia Gandhi as the new party chief," he said.

"The Congress cannot even afford a Dalit and exploited leader as its president for two years, then how can they appoint someone, who is not from the Gandhi family, for five years," he added.

The prime minister was addressing a rally here on the last day of campaigning for the second and final phase of the Chhattisgarh Assembly polls.

Targeting the Gandhi family, he said in the past, "Delhi had a remote-controlled government".

"The remote was in the hands of a family, which was afraid of the BJP," he added.

"Remember the days when four generations of a family ruled the country. What was the fate of the people? They only thought about the welfare of one family but never about the welfare of people. How can we trust them to fulfil the aspirations of people now," Modi said.

He praised the high voter turnout in the Bastar region of the state in the first phase of polling on November 12 and also in the panchayat polls in Jammu and Kashmir.

"Despite being threatened by Naxals with guns and bombs, a huge voter turnout was recorded in Bastar. The poor tribals have shown faith in democracy and given a befitting reply to bombs and guns," Modi said.

"Yesterday, panchayat elections were held in Kashmir. Earlier, people (the rulers) used to avoid conducting polls there. After the governor's rule was imposed, we decided that the power of Kashmir should rest in the hands of the people of Kashmir," he added.

"Terrorists had given a call for a shutdown in Kashmir, but look at the faith of the Kashmiri people in democracy, a voter turnout of around 60-70 per cent was recorded. It is a slap on the face of separatism and terrorism. They (people) have shown the strength of democracy," Modi said.

Jammu and Kashmir recorded 74.1 per cent polling in the first phase of the panchayat polls in 47 blocks Saturday.

"The doors have been opened for the welfare of Kashmir. Who had stopped the Congress from doing this earlier? They played backdoor games with terrorists which will not be allowed anymore. We took courageous steps one by one," the prime minister said.

He targeted Congress chief Rahul Gandhi over farm loan waiver, an issue that has taken centrestage in the Chhattisgarh polls.

"As elections approach, the Congress plays a game of promises. But they cannot mislead the country anymore. They must answer what did they do for the welfare of our farmers when they ruled for four generations.

"They kept the farmers in a pathetic condition during their 50-year rule. Had they strengthened the farmers, fulfilled their requirements, our farmers would have been prosperous," Modi said.

"They are making false promises of loan waiver to the people of Chhattisgarh. The same promise was made to farmers during the Karnataka polls, but even after around a year has passed, the promise is yet to be fulfilled.

"Instead, the government is issuing warrants and arresting the farmers whose debts are outstanding," he added.

Praising the Bharatiya Janata Party (BJP) government under Raman Singh in Chhattisgarh, Modi said it ensured soil health cards for 75 lakh farmers, adding in a sarcastic vein that the Congress had failed to provide health cards to even humans.

"Though the Raman Singh government is in power in the state for the last 15 years, it got the actual opportunity to work for the welfare of the state after the NDA government came to power...Raman Singh had to fight for the rights of the state with the Congress government at the Centre," he said.

Singh had sought support from the then Congress-led United Progressive Alliance (UPA) government to fight Naxals, but the "remote-controlled" government behaved as if Chhattisgarh did not exist, the prime minister said.

He added that if the BJP government under Singh remained in power for another 10-15 years, Chhattisgarh would feature among the top three developed states in the country.

"Chhattisgarh has turned 18. This is a very crucial phase for the state. Just like parents care for the future of their children when they turn 18, I urge the people of the state to think about the welfare of the state and once again give Raman Singh a chance to serve," Modi told the crowd.

The final phase of the Chhattisgarh polls, covering 72 Assembly seats, will be held on November 20. The first phase of polling for 18 seats was held on November 12. The results will be announced on December 11.

Comments

Kannadiga
 - 
Monday, 19 Nov 2018

Mr.Jumble baaj

 

There are so many side lined leaders like advani,  murali manohar josh, yashoda behn and many more.

 

So what will you will say

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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
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
February 11,2020

New Delhi, Feb 11: The government has decided to rename National Institute of Financial Management (NIFM), Faridabad, as Arun Jaitley National Institute of Financial Management, an official statement said on Tuesday.

Set up in 1993 as a registered society under the Department of Expenditure, NIFM trains officers of Finance and Accounts Services recruited by the Union Public Service Commission (UPSC) as also officers of Indian Cost Accounts Service. The Union Finance Minister is the President of the NIFM Society.

"Aligning the vision and aspiration of the Institute for the future with the vision and contribution of late Arun Jaitley, the Government has decided to rename National Institute of Financial Management (NIFM) as the Arun Jaitley National Institute of Financial Management(AJNIFM)," the statement said.

NIFM has become a premier resource centre to meet the training needs of the central government for senior and middle level of management in the fields of public policy, financial management, public procurement and other governance issues for promoting highest standards of professional competence and practice.

Padma Vibhushan awardee Jaitley was the Union Minister for Finance and Corporate Affairs during May 26, 2014 to May 30, 2019.

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