Core values of tolerance, plurality cannot be wasted: Pranab Mukherjee

October 7, 2015

New Delhi, Oct 7: President Pranab Mukherjee today said the core values of diversity, tolerance and plurality of Indian civilisation must be kept in mind and cannot be allowed to be wasted, in remarks that come against the backdrop of the Dadri lynching over rumours of beef eating.pranab mukherjee

"I firmly believe that we cannot allow the core values of our civilization to be wasted and the core values is what over the years the civilization celebrated diversity, promoted and advocated tolerance, endurance and plurality.

"These core civilization values keep us together over the centuries. Many ancient civilizations have fallen. But that is right that aggression after aggression, long foreign rule, the Indian civilization has survived because of its core civilizational values and we must keep that in mind. And if we keep those core values in mind, nothing can prevent our democracy to move," he said.

The President’s remarks come in the wake of lynching of a 50-year-old man in Dadri, Uttar Pradesh by an enraged mob over rumours that he stored and consumed beef, which has sparked an outrage across the country.

The President was handed over a coffee-table book on him at a function at the Rashtrapati Bhawan here. The book written by Prabhu Chawla, Editorial Director of New Indian Express, was released by Vice President Hamid Ansari.

Home Minister Rajnath Singh. Union Minister Mukhtar Abbas Naqvi, Delhi Chief Minister Arvind Kejriwal, Leader of Opposition in Rajya Sabha Ghulam Nabi Azad, fromer Jammu and Kashmir Chief Minister Farooq Abdullah and MPs were also present at the function.

In his brief 15-minute address, Mukherjee said being a political leader all along he felt shy speaking at such an occasion where a book on him was written.

He said the country has made tremendous progress in many sectors and there is no limit to doing more.

"There is no limit. We will have to do much more," he said.

He added that there is no end to work in the President's office which is considered stricly Constitutional and recalled how his friends jokingly commented that he would not have anything much to do in the post.

"I in my own way am making my contribution to make the country more important... After three years of coming here, I recognise that much more is to be done. There is no end to working in the President's office, which is considered strictly constitutional," he said.

Lauding the strength of democracy in the country, the President said its electorate decisively decided to put an end to the era of coalition and gave a single party government.

"Despite their diversity and despite having a long period of absence of single party majority, the Indian electorate decisively decided to make an end of that. Many of us thought that perhaps an era of ccoaltion has reached and that no single party would ever come (to power).

"In true sense, the marvel of Indian democracy has its own strength and we must celebrate that," he said.

He said he has closely seen many important events in the country happen before him right from the first election when people wondered how an election covering 350 million people can take place smoothly, to the last one.

He also recalled his days when he entered Parliament as a member of the Rajya Sabha during a "turbulent period" when Congress faced a major crisis over bank nationalisation and eventually split.

The President also recalled his mother telling him to go to school walking 10 kms everyday and that impacted his mind to strive hard when there is "no option".

He lauded the work of Prabhu Chawla, who along with his team put the book together, describing it as a "gift" from his friends and near and dear ones.

Ansari said the book is a small tribute to an eminent personality, who has a range of experience and depth of understanding issues.

Praising the book, Rajnath Singh said to put Mukherjee's life in a book is difficult to do so for such a personality who has not been in politics only to be in power and one who had strived successfully to bring about consensus in Parliament on many issues.

"He played the most important role in bringing about consensus," the Home Minister said.

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News Network
January 13,2020

New Delhi, Jan 13: The Jawaharlal Nehru University Students' Union (JNUSU) has alleged that the varsity administration has blocked the registration of 300 students on the basis of 'fake Proctor inquiries'.

The union had on Saturday asked students of the university to pay their academic tuition fee but not the hiked hostel fee.

"Today the Vice Chancellor first blocked the fee payment portal and then blocked the payment of tuition fees. It is clear that the VC was lying through the teeth when he said students want to register but are not being allowed to by protesters," JNUSU president Aishe Ghosh said.

She said the VC has also blocked the registration of 300 students based on fake proctor enquiries which are not even completed.

"The truth is that it is the administration which does not want students to register and is blocking their registration," she said.

JNUSU vice president Saket Moon said that in the meetings held in HRD ministry, it was decided that the administration would take a lenient view on the students' protest and not take action against them.

He said many students, who opened the portal for registration found they had been academically suspended and could not register.

He said the JNUSU had softened its stand by saying that they would register by paying the old fees but that has been kept on hold.

On Sunday, the administration extended the date for the winter semester registration till January 15.

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News Network
April 13,2020

Apr 13: The Supreme Court of India has said Indian expatriates stranded abroad cannot be flown back immediately. All petitions before India's apex court which sought directions or orders to 'bring back Indians stranded in various countries abroad' has been deferred for four weeks, according to Indian media reports.

The Chief Justice of India Sharad Arvind Bobde led bench took up matters pertaining to evacuation of Indian citizens stranded abroad amid the Covid19 pandemic.
Supreme Court today deferred for 4 weeks, all the petitions before it which sought directions or orders to 'bring back Indians stranded in various countries abroad'.

A total of seven petitions seeking directions from Court on the immediate evacuation of Indian nationals from UK, US, Iran and Gulf countries were taken up simultaneously.

Bobde said, "Stay where you are. People in other countries cannot be brought back right now"

Foreigners stuck in India granted visa extension

Furthermore, the Indian Ministry of Home Affairs (MHA) has announced a visa extension for all foreigners who are stranded in in India due to ongoing travel restrictions imposed by the government.

Regular visa,e-visa or stay stipulation of such foreigners stranded in India due to travel restrictions by Indian Authorities&whose visas have expired/would be expiring between 01.02&30.04, would be extended till 30 April on gratis basis,after online application by foreigners:MHA

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News Network
January 21,2020

Jan 21: Indian policymakers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home.

Investors are speculating about potential steps Finance Minister Nirmala Sitharaman could unveil when she presents the nation’s budget on Feb. 1. These measures may include freeing up firms to borrow at higher rates and offering tax breaks to global funds.

“The government will need to relax local rules to make it easier for Indian companies to raise debt overseas and tide over the funding crunch in the onshore market,” said Raj Kothari, London-based head of trading at Jay Capital Ltd. “At the same time, they need to ensure that the borrowers tapping offshore markets abide with stricter corporate governance so as to avoid further defaults.”

A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding. The government has tried a series of measures to spur domestic credit, including providing so-called credit enhancement and allowing tiny firms to restructure debt.

Here are some steps Sitharaman may consider to spur foreign borrowing:

• She could raise the cap of 450 basis points above Libor, which limits overall foreign debt costs for Indian companies

• This could help lower-rated firms sell bonds abroad. Indian companies rated BBB currently borrow at more than 10%, about 3.8 percentage points more than their top-rated peers;

• Sitharaman could waive the withholding tax foreign investors need to pay on holdings of rupee-denominated debt sold by Indian companies abroad

• The waiver was offered between September 2018 to March 2019, but wasn’t extended as the highest global interest rates since the financial crisis deterred Indian borrowers. Since then, the three-month Libor has dropped by about 1 percentage point

• She could permit Indian property developers and housing finance lenders to sell overseas bonds for reasons beyond affordable housing projects

• New funding lines to the real estate sector, arguably ground zero of India’s economic slowdown, could help kickstart consumption and investment as the industry is the nation’s biggest job-creator.

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