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

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
January 20,2020

Washington D.C., Jan 20: An American bride asked for money from her invitees so that they can be on the 'exclusive guest list'.

Weddings can be surely expensive. But is it feasible for one to charge the guests to make up for the expenses?

According to Fox News, that is exactly what happened in a recent American wedding. A 19-year-old shared on Reddit that her cousin was getting married on Sunday and announced that she would charge 50 dollars to those who wanted to attend her wedding.

"She said that they can Venmo her money so there won't be no [sic] problems and everyone who paid will be added onto the 'exclusive guest list' which basically means you won't have to wait in line while other guests pay," wrote the user named DaintySheep.

While she refused to pay for entry into her cousin's wedding the bride-to-be contacted the elders in the family which ended up in an embarrassing situation.

"She wanted to get the money she spent on her special day back. I told her I wouldn't be able to come because this was outrageous and that I wish her well on her special day. She contacted my aunt and my aunt called me cheap and rude. My parents offered to pay for my entry, but I refused," continued the disheartened girl.

While in almost every nook and cranny of the world gifting the bride-groom with money is a tradition, asking for money from friends and family to replenish the money spent on a wedding is can be said to be a rare scenario.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
January 29,2020

New Delhi, Jan 29: The Supreme Court on Wednesday dismissed the plea by Mukesh Kumar Singh, one of the four death row convicts in the Nirbhaya gang rape and murder case, challenging the rejection of his mercy petition by the President.

A three-judge bench headed by Justice R Banumathi said that expeditious disposal of mercy plea by the President doesn't mean non-application of mind by him.

The court also said that alleged sufferings in prison can't be grounds to challenge the rejection of mercy petition.

The bench said all relevant material including judgments pronounced by trial court, high court and Supreme Court were placed before the President when he was considering the mercy plea of the convict.

The bench also comprising justices Ashok Bhushan and A S Bopanna rejected the contentions of the counsel appearing for Singh that entire materials of the case were not placed before the President when he was considering his mercy plea.

The bench, while referring to two files placed before it by the Centre on Tuesday, said that as per the January 15 covering letter which was sent by the Delhi government to the Ministry of Home Affairs, all relevant documents were sent.

The bench noted that detailed judgements of trial court, high court and the Supreme Court, curative petition filed by Singh, his past criminal history and his family background were sent to the Home Ministry by the Delhi government.

"All the documents were taken into consideration by the President while rejecting the mercy petition," the bench said.

The bench also dealt with submissions advanced by the convict's counsel, who had argued that the mercy plea was rejected at "lightning speed".

The bench said that if a mercy petition is expeditiously dealt with, it cannot be assumed that it has been adjudicated upon in a pre-conceived mind.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
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.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.