French President François Hollande arrives in India

January 24, 2016

New Delhi, Jan 24: French President François Hollande arrives in India for a three-day visit. Mr. Hollande will be the Chief Guest at the Republic Day parade on Tuesday. He has indicated that the nearly Rs. 60,000 crore Rafale deal is on the “right track” but unlikely to be signed during this visit.

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Earlier, the French President appreciated Prime Minister Narendra Modi “for his diplomacy reflecting both a sense of proportion and a strong determination. He recently took important steps to engage in a dialogue with the political leadership in Pakistan.”

Rafale jet deal on right track: Hollande

French President Francois Hollande indicated today that the nearly Rs 60,000 crore Rafale jets deal is unlikely to be signed during his current visit although it is on the "right track".

"The Rafale is a major project for India and France. It will pave the way for an unprecedented industrial and technological cooperation, including 'Make in India', for the next 40 years.

"Agreeing on the technicalities of this arrangement obviously takes time, but we are on the right track", Hollande told PTI in an interview ahead of his visit beginning today.

He also noted that Indo-French cooperation in defence "is part of our strategic partnership. It is based on trust, a very strong trust between both our countries."

India and France are in negotiations for 36 Rafale fighter jets in fly away conditions since the announcement for the deal was made by Prime Minister Narendra Modi in April during his visit to France.

However, the deal is yet to be sealed as both sides are still negotiating the price which is estimated to be about Rs 60,000 crore.

A high-level team from France is here and carrying out last minute negotiations.

Answering a question on Pathankot terror strike and that most of the terror attacks in India emanate from Pakistan, Hollande said, "France strongly condemned the attack on Pathankot. India is fully justified to ask for justice against perpetrators."

"India and France are confronted with similar threats: we are attacked by murderers who pretend to act on religious basis. Their real objective is widespread hate. They want to undermine our democratic values and our way of life. India and France are united in their determination to act together against terrorism", the French President said in a written interview.

Observing that solidarity between France and India was natural, Hollande said, "I would like to thank once again President Pranab Mukherjee and Prime Minister Modi for their messages after the Daesh attacks in Paris in November. French people have also been very touched by the numerous gestures of friendship received from all over India.

"We engage constantly with India. The Indo-French working group on counter-terrorism met just after the Paris attacks in November 2015. That was the best answer to show our determination in front of jihadism," he said.

Hollande, who will be the Chief Guest at India's Republic Day parade on Tuesday during his second State visit to India, also appreciated Prime Minister Modi "for his diplomacy reflecting both a sense of proportion and a strong determination. He recently took important steps to engage in a dialogue with the political leadership in Pakistan."

Accompanied by a high-level delegation, the French President and Modi will hold extensive talks here tomorrow during which ways to strengthen cooperation in counter-terror, security, civil nuclear energy and trade will figure prominently.

"I also come to India to strengthen our relationship in several areas: defence, space and civil nuclear energy. As well as education, research, culture. Our cooperation on the fight against climate change and on clean energies has taken on an unprecedented importance," he said while identifying railways, smart cities, food security, higher education and cinema as areas where the two countries can further cooperate.

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Agencies
July 21,2020

New Delhi, Jul 21: The Supreme Court has asked the Ministry of Finance to look into a plea which claimed a loss of hundreds of crore every day, as the public sector banks are not invoking personal guarantees of big corporates who have defaulted on loans.

A bench comprising Justice R. F. Nariman and Navin Sinha asked the petitioners, Saurabh Jain and Rahul Sharma, who filed the PIL, to move the Finance Ministry with a representation within two weeks. The top court observed that the issue is important and the ministry should respond after the petitioner has made the representation before it. The matter had come up for hearing on Monday.

"We are of the view that at page 115 of the Writ Petition it has been made clear that the Ministry of Finance itself has, by a Circular, directed personal guarantees issued by promoters/managerial personnel to be invoked. According to the petitioners, despite this Circular, Public Sector Undertakings continue not to invoke such guarantees resulting in huge loss not only to the public exchequer but also to the common man", said the bench in its order.

Senior advocate Manan Mishra and advocate Durga Dutt, represented the petitioners.

Mishra contended before the bench that the statistics establish the public sector banks incurred a loss of approximately Rs 1.85 lakh crore in a financial year, and the banks did not take action to invoke personal guarantees of the biggest corporate defaulters.

The bench observed that since the petitioners claim the public sector undertakings are not complying with this circular, "We think you should first go to the ministry," said the bench.

Mishra argued before the bench that the loans from a common man are recovered through a mechanism where officials go through even the minutest detail, but promoters, chairpersons and other senior level functionaries of the big corporates find it convenient to get away by defaulting on loans.

The bench told the petitioner's counsel that the Finance Ministry has already issued a notification on this matter, and the petitioners should seek response from the ministry, and then move the top court. Mishra submitted before the bench to issue a direction to the Finance Ministry to give a response on their representation.

The bench said, "We allow the petitioners, at this stage, to withdraw this Writ Petition and approach the Ministry of Finance with a representation in this behalf. The representation will be made within a period of two weeks from today. The Ministry of Finance is directed to reply to the said representation within a period of four weeks after receiving such representation. With these observations, the petition is allowed to be withdrawn to do the needful."

Mishra contended before the bench seeking liberty to come back after a reply from the Finance Ministry. Justice Nariman said this option is open for petitioners after a decision has been taken by the ministry. "We will hear you", added Justice Nariman.

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News Network
February 22,2020

Feb 22: Prime Minister Narendra Modi is unlikely to accompany US President Donald Trump and his family members during their visit to the Taj Mahal in Agra on Monday, official sources said.

The US President will arrive in Ahmedabad at around noon on February 24 for a less that 36-hour visit to India. He will be accompanied by a high-level delegation including First Lady Melania Trump, the President's daughter Ivanka Trump, son-in-law Jared Kushner and a galaxy of top US officials.

After attending an event at Ahmedabad, the Trumps will travel to Agra on Monday afternoon to visit the Taj Mahal before arriving at the national capital for the main leg of the visit.

When asked about reports that Modi may accompany Trump to Agra, official sources said there was no such plan.

They said the visit to the Taj Mahal in Agra by the US President and his family members will afford them the opportunity to view the historical monument suitably. Therefore, no official engagements or presence of senior dignitaries from the Indian side is envisaged there, the sources said.

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News Network
March 11,2020

Mar 11: Thirteen of the 22 rebel MLAs in Madhya Pradesh have given an assurance that "they are not leaving the Congress", senior party leader Digvijaya Singh said on Thursday while expressing confidence that the Kamal Nath-led government in the state will win a floor test.

"We are not keeping quiet. We are not sleeping," Singh told PTI, a day after Congress leader from the state Jyotiraditya Scindia quit the Congress and 22 MLAs submitted their resignations from the assembly in Madhya Pradesh.

Scindia was offered the post of Madhya Pradesh deputy chief minister but wanted his nominee, Singh said. However, Kamal Nath refused to accept a "chela", he said.

Scindia, he said, could have been a Congress nominee to the Rajya Sabha but "only Modi-Shah" can give a Cabinet post to the "over-ambitious" leader.

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