Govt rejects demand for PM's reply on demonetisation debate

November 17, 2016

New Delhi, Nov 17: Government today rejected the demand for Prime Minister Narendra Modi's response on the debate on demonetisation and accused the opposition of using it as an excuse to scuttle discussion on the issue in Parliament.

GovtInformation and Broadcasting Minister M Venkaiah Naidu told reporters after Parliament was adjourned for the day, amid protests by opposition demanding Modi's presence, that the reply to the debate would be given by the minister concerned or any other person on behalf of the government as per the rules of the House and precedents.

The opposition disrupted the Rajya Sabha, stalling midway the discussion on demonetisation that started yesterday.

A united opposition's relentless demand for a debate on demonetisation under a rule which entails voting forced the adjournment of the Lok Sabha also for the day as the government refused to accept it.

"Half way through, they realised that by raising such a debate it is going negative on them and boomeranging. Now I am afraid, are they trying to find a way out to come out of this and then stall the debate on one pretext or the other," Naidu said.

Dubbing the uproar by Congress and other opposition parties as an "excuse" to stall a debate, Naidu alleged that there is no rationale, whatsoever, behind it.

The Minister said things will happen as per the rules and procedures of the House and urged that the debate should go on.

"I feel that those who started the debate are now understanding that it is going negative, that is why they are finding excuse for not allowing the discussion.

"They are speaking in double tone and in different voices. They are not coming out openly either for or against. They are in dilemma and that dilemma will continue," he said.

Naidu said the entire country is watching as to who are with the hoarders and with the people with black money and who are with the government and the Prime Minister, who has "taken such a revolutionary step. They have to make a choice".

"Let the discussion take place. Then who will reply in the government. It could be the concerned Minister. The solution will come through the government as per traditions and rules," he said.

Naidu said government is addressing the problems faced by people on demonetisation and any suggestion, if worth considering, will be take up positively.

"Government is open to ideas to improve the system. But if somebody is trying to question this and attribute motives, then people are there to finally come to an assessment and decide. Let every party decide are they in favour of this move or against it, for which they have no answer directly," the minister said.

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c.m bin
 - 
Thursday, 17 Nov 2016

cancel this PM. see korea and build the nation.

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News Network
May 11,2020

London, May 11: Fugitive diamond merchant Nirav Modi's five-day extradition trial over the nearly USD2 billion Punjab National Bank (PNB) fraud and money laundering case is set to begin in London's Westminster Magistrates' Court today.

The London High Court rejected Nirav Modi's bail plea in Punjab National Bank (PNB) bank fraud case for the fifth time in early March.

Modi, the prime accused in the PNB fraud case, is currently lodged at Wandsworth prison in south-west London and is wanted for his alleged role in the Rs 13,570 crore loss caused to the Punjab National Bank (PNB) along with his uncle, Mehul Choksi.

Modi, 48, was arrested in March last year by Scotland Yard in connection with the case.

Modi was remanded in custody till February 27, 2020, after he appeared before a UK court on Thursday via video link from his London prison.

The latest bail hearing followed further assurances by Modi, including an increase in the amount of security he had offered as a guarantee as well as stricter bail conditions.

On his last bail application, Modi offered USD 4 million as a security guarantee in return for bail, an offer that was rejected by judges who ruled that there was a real risk that Modi would flee the UK to a country which has no extradition treaty with India.

At the same hearing, the judge ruled that there was "strong evidence" that Modi had engaged in "witness intimidation" and destroying evidence.

Given the seriousness of such allegations, it was all but certain that the latest bail application would be rejected.

Modi's lawyers had contended that their client was being held in difficult conditions at Wandsworth prison and had also claimed that his mental health was deteriorating as a result of his incarceration.

However, ruling at the High Court today, Justice Ian Dove said there was a "clear need for this application to be refused in the present circumstances."

It comes just days after the second sale of assets belonging to Modi valued at millions of dollars.

The items include a luxury Rolls Royce car, a Patek Philippe watch and a painting by the renowned Indian artist Amrita Sher-Gil valued at USD 2.5 million but expected to fetch considerably more.

Meanwhile, Nirav's brother Neeshal Modi, who is also one of the co-conspirators in the PNB scam, has written to Enforcement Directorate, distancing himself from his brother's actions and said that he had no knowledge of it.

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News Network
March 16,2020

New Delhi, Mar 16: Reliance Group Chairman Anil Ambani has been summoned by the ED in connection with its money laundering probe against Yes Bank promoter Rana Kapoor and others, officials said on Monday.

They said Ambani was asked to depose at the Enforcement Directorate office in Mumbai on Monday as his group companies are among the big entities whose loans went bad after borrowing from the crisis-hit bank.

The officials said Ambani, 60, has sought exemption from appearance on some personal grounds and he may be issued a new date.

Ambani's group companies are stated to have taken loans of about Rs 12,800 crore from the bank that turned NPAs.

Finance Minister Nirmala Sitharaman had said in a March 6 press conference that the Anil Ambani Group, Essel, ILFS, DHFL and Vodafone were among the stressed corporates Yes Bank had exposure to.

Officials said promoters of all the big companies who had taken large loans from the beleaguered bank which later turned bad are being summoned for questioning in the case to take investigation forward.

Ambani's statement will be recorded under the Prevention of Money Laundering Act (PMLA) upon deposition, they said.

Kapoor, 62, is at present in ED custody after he was arrested by the central probe agency early this month.

The ED has accused Kapoor, his family members and others of laundering "proceeds of crime" worth Rs 4,300 crore by receiving alleged kickbacks in lieu of extending big loans through their bank that later turned NPA.

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News Network
June 2,2020

New Delhi, Jun 2: India on Tuesday reported 8,171 more COVID-19 cases and 204 deaths in the last 24 hours as the country's virus count inches closer to two lakh, according to the Union Ministry of Health and Family Welfare.

The total number of cases in the country now stands at 1,98,706 including 97,581 active cases, 95,527 cured/discharged/migrated and 5,598 deaths.

Cases in Maharashtra have crossed 70,000 including over 30,000 recovered while Tamil Nadu's COVID-19 tally jumped to 23,495.

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