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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News Network
July 16,2020

New Delhi, Jul 16: With India's economic growth sputtering, the Reserve Bank of India was expected to maintain a rate-cutting cycle, but an uptick in near-term inflation could give the central bank's Monetary Policy Committee reason to pause for now.

Having cut its key lending rate by an aggressive 115 basis points (bps) in 2020, on top of 135 bps cuts in 2019, the RBI so far has had little success in spurring credit growth amid varying degrees of lockdowns across India.

Some economists and market insiders argue it may be prudent for the MPC, the policy committee, to hold its fire when it meets early next month.

"It's probably too early to administer a demand stimulus. The RBI still has room to cut rates, but we probably want to be more cautious of the timing," said Venkat Pasupuleti, portfolio manager at Dalton Investments.

"Maybe they should wait a quarter to see how things pan out once the lockdown situation is eased further."

Market participants have factored in at least a 25 bps rate cut by the MPC on August 6 while analysts are predicting a total 50-75 bps cuts over the rest of the fiscal year that runs to March 31.

The spike in the retail inflation rate above the RBI's mandated 2%-4% target range is another reason for the central bank to take a breather, analysts say.

Annual retail inflation rose to 6.09% in June, compared to 5.84% in March and sharply above a 5.30% median forecast in a Reuters poll of economists.

Rahul Bajoria, an economist at Barclays, said the spike in both consumer and wholesale prices "could lead to a tempering in enthusiasm for material front-loaded policy support from here on."

Almost all economists however agreed the RBI cannot move away from its accommodative stance or call an end to the rate cutting cycle just yet.

India's economy grew at 3.1% in the March quarter - an eight year low - and some economists have predicted a contraction of more than 20% in the June quarter and a contraction of up to 5% in the fiscal year.

"Even in the event of a pause, we think the RBI and MPC would want to hold out the promise of more cuts," said A. Prasanna, economist with ICICI Securities.

RBI Governor Shaktikanta Das said in a recent speech the need of the hour is to restore confidence, preserve financial stability, revive growth and recover stronger, suggesting inflation concerns are unlikely to deter the downward trajectory for rates too soon.

"The August policy decision would boil down to a judgment call over whether RBI can maintain easy monetary and financial conditions without the aid of a token rate cut," Prasanna said. 

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Agencies
March 15,2020

Financially troubled Yes Bank on Saturday reported a standalone net loss of ₹ 18,560.31 crore for the third quarter of the financial year 2019-20. This is amongst the biggest losses reported by the India Inc.

At present, the private lender is under a moratorium and is controlled by the office of the administrator appointed by the RBI.

The bank had reported a net profit of ₹1,001.85 crore during the corresponding period of the previous financial year.

Besides, the bank's total income fell to Rs 6,268.50 crore from Rs 8,849.81 crore earned during the October-December quarter of the previous fiscal.

On consolidated basis, Yes Bank reported a net loss of ₹18,564.24 crore for the December quarter from a net profit of Rs 1,000.57 crore in the corresponding period of the previous fiscal.

The independent auditor's review report on the consolidated results pointed out that there is a "material uncertainty related to going concern" of the bank.

"The said assumption of going concern is dependent upon the degree of success of the final reconstruction scheme, the quantum of capital infused into the bank and the bank's ability to stabalise its deposit balances post withdrawal of the moratorium by the RBI. Our conclusion is not modified in respect of this matter," the auditor said.

Furthermore, the bank recognised additional loans of ₹ 5,150.2 crore as NPAs and related provisioning requirements of ₹772.5 crore for the quarter ended December 31, 2019.

The bank has recognised an additional provisions of ₹15,422.0 crore in the quarter ended December 31, 2019.

Last week, the RBI placed Yes Bank under moratorium and capped the withdrawal limit at ₹50,000 till next Wednesday.

Additionally, the central bank also superseded Yes Bank's board of directors and appointed former SBI CFO Prashant Kumar as its administrator.

Meanwhile, Kumar has been appointed as the new Chief Executive Officer of the financially troubled lender. He will take over his new responsibilities once the moratorium on the stressed lender is lifted on Wednesday.

Apart from Kumar, Sunil Mehta, former non-executive Chairman of Punjab National Bank, will take over as the non-executive Chairman of Yes Bank.

Other board members include Mahesh Krishnamurthy and Atul Bheda, both as non-executive Directors.

Additionally, six private lenders have joined the SBI to rescue Yes Bank with Federal Bank committing ₹300 crore by subscribing to 30 crore shares of ₹2 each at a premium of ₹8 per equity share.

The six private lenders have now committed an investment of ₹3,700 crore in the cash-strapped private sector bank.

On Friday, ICICI Bank and Housing Development Finance Corporation (HDFC) Ltd had announced that they will be investing ₹1,000 crore each in Yes Bank's equity. Axis Bank and Kotak Mahindra Bank will be investing ₹ 600 crore and ₹500 crore, respectively, while Bandhan Bank will invest ₹300 crore.

The SBI board has already approved up to 49 per cent stake purchase in Yes Bank, as per the RBI's reconstruction scheme for the lender. It had said on Thursday that an investment of ₹7,250 crore would be made in Yes Bank to pick up₹ 725 crore equity shares.

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News Network
February 24,2020

New Delhi, Dec 24: The Delhi Police said that a head constable was killed during clashes over the Citizenship Amendment Act (CAA) in northeast Delhi today.

Deputy Commissioner of Police, Shahdara, Amit Sharma was also injured during clashes, a senior official said. Sharma suffered injuries to his head and hand. He was hospitalised and is doing fine, the official added.

Tension escalated in northeast Delhi with protesters torching at least two houses and a fire tender in the Jaffrabad and Maujpur areas, where pro and anti-CAA groups clashed for the second consecutive day on Monday and hurled stones at each other.

Violence was also reported from the Chandbagh area in Jaffrabad.

Police fired tear gas shells and also resorted to lathicharge to disperse the protesters.

According to officials, a fire tender was damaged by the protesters after it responded to a fire call in the area.

The Delhi Metro closed entry and exit at the Jaffrabad and Maujpur-Babarpur stations as an uneasy calm prevailed in the area.

"Entry & exit of Jaffrabad and Maujpur-Babarpur are closed. Trains will not be halting at these stations," the Delhi Metro Rail Corporation (DMRC) said in a tweet.

Entry and exit were closed at the Jaffrabad metro station for over 24 hours.

Clashes broke out on Sunday evening between pro and anti-CAA groups near Jaffrabad after a large number of people protesting against the Citizenship (Amendment) Act (CAA) blocked a road, while similar sit-ins were launched in several other parts of the national capital.

Delhi chief minister Arvind Kejriwal has urged lieutenant governor of Delhi and the Union home minister to restore order.

Nobody should be allowed to orchestrate violence, he said.

Delhi Lt Governor Anil Baijal instructed the police commissioner to maintain law and order in the national capital in the wake of violence.

"Instructed @DelhiPolice and @CPDelhi to ensure that law and order is maintained in North East Delhi. The situation is being closely monitored. I urge everyone to exercise restraint for maintenance of peace and harmony," Baijal tweeted.

Delhi minister and Babarpur MLA Gopal Rai on Monday urged the people in the area to maintain peace, saying some people were purposely trying to disturb the atmosphere.

"With folded hands, I request people in Babarpur Assembly to maintain peace. Some people are purposely trying to spoil the atmosphere. I have spoken to Delhi LG and he has assured me that more policemen will be deployed to bring the situation under control," Rai said in a tweet.

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