Efforts being made to paint me with 'saffron', says Rajinikanth

Agencies
November 8, 2019

Chennai, Nov 8: Superstar Rajinikanth on Friday said the BJP has not invited him to join the party, but insisted efforts were being made to paint him with "saffron", the ideological colour the national party is associated with.

He accused a section of media and "some persons" with making such attempts.

The BJP said it has never claimed the actor was willing to join the party, while the DMK said it was not aware whom the actor was signalling to with his statement on being painted with saffron hues.

On Thursday, Rajinikanth met reporters twice within a span of few hours to talk on issues including his being "painted" with saffron.

Attempts were being made to paint both himself and Thiruvalluvar with saffron, the veteran star said referring to the recent controversy surrounding the Tamil saint-poet.

When asked about senior BJP leader Pon Radhakrishnan's recent meeting with him and the former's repeated assertions that the actor should join the party, Rajinikanth said no such invitation has been made to him.

"No offer has been made (from BJP to join the party)..
definitely not," he said. "Attempts are being made to paint me with BJP colour..

trying to paint me with saffron like Thiruvalluvar was done with.. Neither Thiruvalluvar nor me will get trapped," he said with a big laugh.

Later, when reporters raised the matter with him for a second time, Rajinikanth said "some people, some media--they are trying to colour me as a BJP man."

"But definitely it is not true," he said. Asked if it was the media or BJP that painted him in saffron colour, he said "some persons."

While any party could be happy if he joins it, only he should take a call on the matter, the actor said, adding "but it is wrong to say they are dependent on me."

On November 1, the BJP's Tamil Nadu unit had on its Twitter handle written a couplet from Thiruvalluvar's classic "Thirukkural," questioning the use of education if the Almighty was not worshipped.

Tagging the couplet, the saffron party targeted the Dravidar Kazhagam, DMK and the Left parties for allegedly deriding God and for berating believers and questioned "what is the use of their education."

Also, the party had posted a picture of Thiruvalluvar in saffron robes with sacred ash on his forehead, with the issue leading to a spat between the BJP and the DMK and other opposition parties.

When asked about this episode, Rajinkanth said while many public issues warranted media attention, there was focus on such matters which was "silly".

He said the state BJP had only put up a picture of Thiruvalluvar with saffron robes in its official Twitter handle and that it did not want this to be done all over.

"You (media) had blown up the matter.. there are so many people's issues to be discussed, but you made this big," he said, adding, "it is silly."

Further, Thiruvalluvar was a sage beyond boundaries of religion and caste, he said.

However, the saint-poet was a "believer" and not a "non-believer," which was evident from his Thirukkural couplets, he said.

Responding to Rajinikanth's statement, the BJP said it was its democratic right to meet somebody.

If anybody is interested they were "allowed and invited to join," BJP National General Secretary P Muralidhar Rao said, adding a number of celebrities and eminent persons all over the country including from Tamil Nadu were joining its ranks.

"Now it is very clear that there should not be any misconception. Anywhere in that state, we had never told Rajinikanth--film star, artiste, eminent person who has contributed to the entertainment industry of the entire country--never we told he had joined BJP. Never we told he is willing to join BJP," he told reporters here.

BJP was not interested in such "speculations," he added.

DMK Treasurer Durai Murugan, in his response to the superstar's remarks that attempts were being made to portray him as a BJP man, said it was Rajinikanth's opinion.

However, Durai Murugan said he was not aware whom Rajinikanth was sending a message to in this regard.

Meanwhile, responding to a question the slowing economic growth, Rajinikanth said the government should do whatever it takes to address it.

Asked about his stand on the Centre's demonetisation excercise in 2016, he said he had made his stand known about it "long back."

Last year, he had said the implementation of demonetisation by the Centre was flawed.

On the Ramjanma Bhoomi issue, on which the Supreme Court is likely to give its order any time, he appealed to the people to maintain peace irrespective of the ruling.

To a question, he said there was still a "vacuum" for a powerful leadership in the state, reiterating his remarks made last year in the wake of the death of chief minister J Jayalalithaa in 2016 and the illness of then DMK President M Karunanidhi, who died in August 2018.

However, DMK shot back at Rajinikanth's statement, saying its party leader MK Stalin has already filled up that vacuum.

"Stalin has filled up that vacuum a long time back," Durai Murugan said.

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News Network
May 4,2020

Munbai/New Delhi, May 4: India expects bad debts at its banks could double after the coronavirus crisis brought the economy to a sudden halt, a senior government official and four top bankers said.

Indian banks are already grappling with 9.35 trillion rupees ($123 billion) of soured loans, which was equivalent to about 9.1% of their total assets at the end of September 2019.

"There is a considered view in the government that bank non-performing assets (NPAs) could double to 18-20% by the end of the fiscal year, as 20-25% of outstanding loans face a risk of default," the official with direct knowledge of the matter said.

A fresh surge in bad debt could hit credit growth and delay India's recovery from the coronavirus pandemic.

"These are unprecedented times and the way it's going we can expect banks to report double the amount of NPAs from what we've seen in earlier quarters," the finance head of a top public sector bank told Reuters.

The official and bankers declined to be named as they were not officially authorized to discuss the matter with media.

India's finance ministry declined to comment, while the Reserve Bank of India and Indian Banks' Association, the main industry body, did not immediately respond to emails seeking comment.

The Indian economy has ground to a standstill amid a 40-day nationwide lockdown to rein in the spread of coronavirus cases.

The lockdown has now been extended by a further two weeks, but the government has begun to ease some restrictions in districts that are relatively unscathed by the virus.

India has so far recorded nearly 40,000 cases of the coronavirus and more than 1,300 deaths from COVID-19, the respiratory disease caused by the coronavirus.

'RIDING THE TIGER'

Bankers fear it is unlikely that the economy will fully open up before June or July, and loans, especially those to small- and medium-sized businesses which constitute nearly 20% of overall credit, may be among the worst affected.

This is because all 10 of India's largest cities fall in high-risk red zones, where restrictions will remain stringent.

A report by Axis Bank said that these red zones, which contribute significantly to India's economy, account for roughly 83% of the overall loans made by its banks as of December.

One of the sources, an executive director of a public sector bank, said that economic growth had been sluggish and risks had been heightened, even ahead of the coronavirus crisis.

"Now we have this Black Swan event which means without any meaningful government stimulus, the economy will be in tatters for several more quarters," he said.

McKinsey & Co last month forecast India's economy could contract by around 20% in the three months through June, if the lockdown was extended to mid-May, and growth in the fiscal year was likely to fall 2% to 3%.

Bankers say the only way to stem the steep rise in bad loans is if the RBI significantly relaxes bad asset recognition rules.

Banks have asked the central bank to allow all loans to be categorized as NPAs only after 180 days, which is double the current 90-day window.

"The lockdown is like riding the tiger, once we get off it we'll be in a difficult position," a senior private sector banker said.

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News Network
April 19,2020

New Delhi, Apr 19: With 1,334 fresh cases of coronavirus reported in the last 24 hours, the total number of confirmed cases of COVID-19 in India has reached 15,712 including 507 deaths, said Lav Aggarwal, Joint Secretary, Health and Family Welfare, here on Sunday.

As many as 2,231 people have recovered from the disease so far, said Aggarwal during the daily media briefing on the coronavirus. "This equals 14.1 per cent of the total cases," he added.

"A total of 15,712 confirmed cases have been reported in India including 507 deaths and 2,231 people, who were COVID-19 positive, have recovered. Out of the total deaths, 27 deaths have been reported in the last 24 hours," said Aggarwal.

The Joint Secretary said that no new case was reported in Mahe in Puducherry and Karnataka's Kodagu in the last 28 days.

"A total of 54 other districts beside these two in 23 States/Union Territories did not report any cases in the last 14 days," he said.

He informed that there are 755 dedicated COVID-19 hospitals and 1,389 dedicated health care centres in the country, which takes the total dedicated facilities where severe or critical patients can be treated to 2,144.

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News Network
January 8,2020

Howrah, Jan 8: Following the 'Bharat Bandh' called by trade unions, protesters blocked railway tracks in Howrah and Kanchrapara in North 24 Parganas on Wednesday.

They raised anti-government slogans and criticised the Center for its policies. They were holding placards, posters and banners against the government.

Commuters faced difficulties as bus services were also affected. CPI (M) protesters also stopped the operation of state transport buses. In Odisha, the public agitation started around 6 am at Talcher, Bhubaneswar, Brahmapur, Bhadrak and Kendujhargarh.

Due to the protests, the following trains are detained enroute at different stations --Bhadrak-Brahmapur passenger at Bhadrak, Kendujhargarh-Bhubaneswar passenger at Kendujhargarh, Bhubaneswar-Balangir InterCity at Bhubaneswar, Howrah-Yesvantpur Express at Brahmapur, Ichhapur-Cuttack MEMU at

Brahmapur and Puri-Rourkela passenger at Bhubaneswar.

The ten central trade unions including Centre of Indian Trade Unions (CITU), Indian National Trade Union Congress (INTUC), among others have given the call for strike with a 12-point charter of demand. Trade union Bharatiya Mazdoor Sangh (BMS) is not taking part in the strike.

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