Hope Fadnavis won't repeat mistakes he made as CM: Sena

News Network
December 2, 2019

Mumbai, Dec 2: The Shiv Sena on Monday expressed hope that Devendra Fadnavis, as leader of the opposition in the Maharashtra Assembly, would not repeat the mistakes which he committed while being the state's chief minister.

Attacking Fadnavis again over the hush-hush ceremony in which he was sworn in as chief minister on November 23 but had to quit 80 hours later, an editorial in Sena mouthpiece 'Saamana' said the BJP has lost a face having mass appeal.

It claimed that people have drifted away from the BJP.

"The current support that the BJP has (of its own MLAs and Independents) is unlikely to remain with the party. Whatever is happening to the party is the outcome of its previous deeds," the Sena said.

Maharashtra BJP legislature party leader Fadnavis was on Sunday named the leader of the opposition (LoP) in the Assembly.

"Fadnavis should remember he has gone down in history as a person who was illegally sworn in by keeping everybody in the dark and without having a majority," the Sena said.

He was on that (chief minister's) post for only "80 hours". If he wants to get rid of that image, he should go by rules to work as leader of the opposition and take tuitions from senior BJP leader and former LoP Eknath Khadse, the Sena said in sarcastic remarks.

"Fadnavis should maintain the dignity of the leader of the opposition's post and not repeat the mistakes which he made earlier as chief minister of Maharashtra," it opined.

The Marathi daily noted that the central BJP leadership decided to continue with Fadnavis as the party head in the Maharashtra Assembly, but did not follow the same in other states.

"In neighbouring Madhya Pradesh, BJP's Shivraj Singh Chouhan was the chief minister for many years, but when the party lost to the Congress, he was not made the leader of the opposition in the MP Assembly," it pointed out.

Similarly, Vasundhara Raje was also not made LoP in Rajasthan after the BJP lost elections in that state, it said.

"But, what could be the secret behind Delhi backing Fadnavis despite the results (where BJP got 105 seats in 288- member Maharashtra Assembly)?" the Sena wondered.

It is now a fact that the Assembly polls' mandate was not for the BJP. Despite that, Delhi supported Fadnavis to take oath as chief minister (with the support of NCP's Ajit Pawar), but the government collapsed in three days, the Uddhav Thackeray-led party said.

"And now the BJP made him leader of the opposition when people of the state voted for a change," it added.

The Sena also took a dim view of the objections raised by Fadnavis during the Maha Vikas Aghadi government's floor test on Saturday.

When the House assembled on Saturday, Fadnavis alleged the Assembly session was not being held as per constitutional norms. He also objected to the appointment of NCP leader Dilip Walse Patil as the pro-tem Speaker of the Assembly.

The swearing-in of ministers of the Uddhav Thackeray- led government was also not done as per the constitutional norms, he alleged.

However, Walse Patil rejected his claim, saying the session was being held as per Governor's nod.

The BJPP MLAs walked out before headcount began in the 288-member House.

"The kind of drama Fadnavis did during the new government's floor test was not good. He made a ridiculous statement that he works as per rules. He should then explain under what rule he objected to the floor test on Saturday," the Marathi daily said.

The Sena also said that the appointment of Congress leader Nana Patole as Speaker of the Assembly was a "tight slap on the face of the BJP".

Patole had earlier quit the Congress and won the 2014 Lok Sabha polls on a BJP ticket. However, he returned to the Congress in December 2017 citing differences with Prime Minister Narendra Modi and Fadnavis.

"Patole was the first BJP Lok Sabha member who revolted against Prime Minister Modi, saying the latter does not allow party MPs to speak," the Sena claimed.

He came back to the Congress and became Speaker of the Assembly. Now, Patole will decide whether Fadnavis should speak or not in the House, the Sena said in taunting remarks.

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News Network
May 22,2020

New Delhi, May 22: Reserve Bank Governor Shaktikanta Das on Friday extended the moratorium on payment of loans by another three months till August to provide much-needed relief to borrowers whose income has been hit due to the coronavirus crisis.

In March, the central bank had allowed a three-month moratorium on payment of all term loans due between March 1, 2020, and May 31, 2020.

Accordingly, the repayment schedule and all subsequent due dates, as also the tenor for such loans, were shifted across the board by three months.

As a result of this moratorium, individuals’ EMI repayments of loans taken were not deducted from their bank accounts, providing much-needed liquidity.

The EMI payments will restart only once the moratorium time period expires on August 31.

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Agencies
July 29,2020

New Delhi, Jul 29: Coronavirus infections in India continue to mount as the country's total case tally crossed the 15-lakh mark.

India added 48,513 fresh cases in 24 hours, taking the total tally to over 15.3 lakh, according to the Health Ministry’s 8 a.m. update on July 29.

Key Figures

Total number of confirmed coronavirus cases: 15,31,669
Active cases: 5,09,447
Cured/discharged/migrated: 9,88,029
Deaths: 34,193
Number of fresh cases in 24 hours: 48,513
One-day recoveries: 35,175
One-day deaths: 768
India’s coronavirus epidemic is growing at the fastest pace in the world, increasing 20% over the last week, according to Bloomberg’s Coronavirus Tracker. Maharashtra, Tamil Nadu, Andhra Pradesh and Karnataka are among the states where the maximum number of daily cares are being reported.

Fresh cases continued to come in at a heightened pace, hovering just below 50,000 for the last six days.

Moderna Inc.’s vaccine candidate against Covid-19 protected against the virus in a trial that inoculated 16 monkeys, an encouraging step on the path to a defense for humans against the pandemic. Pfizer Inc., however, is preparing for the novel coronavirus to endure, leading to long-term demand for a seasonal shot to protect against Covid-19.

“There is a likely scenario that either the vaccine’s immunity will not be lasting forever,” said Chief Executive Officer Albert Bourla in an interview Tuesday, “or that the virus will mutate, or that the virus will find ways to come back again and again.”

Even as the transmission rate of Covid-19 remains high in India, the pace of recovery has risen too. On Wednesday, India reported its third day of over 35,000 recoveries.

Global Update

Flare-ups in virus cases from Hong Kong to Europe are proving difficult for policy makers to wrangle. The U.S. neared 150,000 deaths from Covid-19, even as daily infections slowed in some hard-hit states. China reported 101 new cases, up from 68 a day earlier, with 98 of the total from local infections, mostly in Xinjiang.

Philippine health authorities warned that hospitals and infirmaries risk getting overwhelmed.

Globally, confirmed Covid-19 cases have topped 16.6 million with over 658,000 dead.

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News Network
June 1,2020

Jun 1: Gold prices rose on Monday as riots in major U.S. cities rattled investors already reeling from strained Sino-U.S. relations and boosted demand for the safe-haven metal, with a weaker dollar lending further support.

Spot gold gained 0.8% to $1,739.75 per ounce by 0242 GMT. U.S. gold futures ticked up 0.1% to $1,752.60.

"Concerns about the unrest in the United States at the moment appear to be weighing on market sentiment," said Michael McCarthy, chief strategist at CMC Markets, adding that rising tensions between the world's top two economies provided further support to gold.

Protesters have flooded the streets in the United States over the death of George Floyd in police custody, in a wave of outrage sweeping a politically and racially divided nation.

The closely packed crowds and demonstrators not wearing masks have sparked fears of a resurgence of COVID-19, which has killed more than 101,000 Americans.

In Asia, China's state media and the government of Hong Kong lashed out on Sunday at U.S. President Donald Trump's pledge to end Hong Kong's special status if Beijing imposes new national security laws on the city.

Gold is often used as a safe store of value during times of political and financial uncertainty.

Indicative of sentiment, holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.3% to 1,123.14 tonnes on Friday, a fresh seven-year high.

Further supporting gold's appeal, the dollar index fell 0.4% against its rivals.

Elsewhere, silver jumped 2% to $18.20 per ounce, its highest since Feb. 26, before retreating slightly to trade 1.8% higher at $18.16.

Speculators cut their bullish positions in COMEX gold and increased them in silver contracts in the week to May 26, the U.S. Commodity Futures Trading Commission said on Friday.

Palladium rose 0.7% to $1,958.25 per ounce, while platinum declined 0.3% to $835.56.

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