I think I should stay away from this debate: Modi on judicial crisis

News Network
January 22, 2018

New Delhi, Jan 21: Prime Minister Narendra Modi said on Sunday that the government and political parties must stay out of the unprecedented judicial crisis, gave enough indications that the upcoming Budget may not be populist, and asserted that his poll slogan of “Congress-free India” was not aimed at eliminating the party politically.

In a wide-ranging 75-minute interview to the Times Now television channel, Mr. Modi said he was open to more changes in the GST to plug loopholes and make it a more efficient tax.

Asked about the crisis in the Supreme Court after the four senior-most judges came out to criticise allocation of sensitive cases by the Chief Justice, Mr. Modi said, “I think I should stay away from this debate. The government must also stay away. The political parties must also keep out of it.”

In his first public remarks on the crisis, he expressed confidence that the judiciary would sit together to find a solution to its problems. Mr. Modi said his slogan of ‘Congress-free India’ was about ridding the country of the “Congress culture”, which he termed casteist, dynastic, corrupt and involving total control over power, among other ills. Maintaining that the Congress had been the “main pillar” of politics in the country that spread its culture to all political parties, he said his call for “Congress mukt” or “Congress-free India” was “symbolic” and he wanted even the Congress to be free of the “Congress culture.”

He also attacked the party for its objection to the triple talaq Bill in the Rajya Sabha. Asked if his government will turn populist in the Budget, Mr. Modi said the issue falls within the ambit of the Finance Minister and he did not want to interfere in it. The common man, he said, expects honest governance. “He doesn’t demand sops and freebies. It is our myth.” Mr. Modi defended his economic policies, saying demonetisation was “a very big success story.”

He said the suggestion that the country’s foreign policy was based on Pakistan was wrong but stressed that the world was uniting against those sympathetic towards terrorists.

Comments

Althaf
 - 
Monday, 22 Jan 2018

Dar Pok saaala... Coward.  Pol khul jayegi saale ki.

s
 - 
Monday, 22 Jan 2018

afraid of knowing the truth he does not want to debate anything

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News Network
February 10,2020

Hyderabad, Feb 10: All India Majlis-e-Ittehadul Muslimeen (AIMIM) chief Asaduddin Owaisi continued his tirade against PM Modi and Amit Shah against Citizenship Amendment Act (CAA), National Population Register (NPR) and National Register of Citizens (NRC). "We are ready to take bullets in our chests but we will not show our papers.

We are ready to take bullets in our chests as we love our country," Owaisi said further.

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News Network
April 30,2020

Bengaluru, Apr 30: Shares of Glenmark Pharmaceuticals Ltd rose almost 9% on Thursday after the Indian drugmaker got an approval to conduct clinical trials with antiviral drug favipiravir, seen as a potential treatment for COVID-19.

Favipiravir, manufactured under the brand name Avigan by a unit of Japan's Fujifilm Holdings Corp and approved for use as an anti-flu drug in the Asian island country in 2014, has been effective, with no obvious side-effects, in helping coronavirus patients recover, a Chinese official told reporters at a news conference last month.

"After having successfully developed the API and the formulations ... Glenmark is all geared to immediately begin clinical trials on favipiravir on COVID-19 patients in India," Sushrut Kulkarni, executive vice-president for Global R&D, Glenmark Pharmaceuticals, said in a statement. 

The Drug Controller General of India, the country's drug regulator, did not immediately respond to Reuters request for comment.

On Wednesday, another Indian pharmaceutical company, Strides Pharma Science Ltd, said it had developed and commercialized favipiravir antiviral tablets, and had applied to Indian drug authorities to start trials.

Shares of Mumbai-based Glenmark Pharmaceuticals, which rose as much as 8.9% to 359 rupees ($4.78), was trading up 5.9%, as of 0407 GMT.

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News Network
March 6,2020

New Delhi, Mar 6: Union Finance Minister Nirmala Sitharaman on Friday will move the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019 for consideration and passing in Lok Sabha.

In December last year, the Union Cabinet had approved a proposal to promulgate an ordinance to amend the Insolvency and Bankruptcy Code (IBC) 2016.

The amendments will remove certain ambiguities in the IBC 2016 and ensure smooth implementation of the code, an official statement said.

The move is aimed at easing the insolvency resolution process and promoting the ease of doing business. Aimed at streamlining of the insolvency resolution process, the amendments seek to protect last-mile funding and boost investment in financially-distressed sectors.

Under the amendments, the liability of a corporate debtor for an offence committed before the corporate insolvency resolution process will cease.

The debtor will not be prosecuted for an offence from the date the resolution plan has been approved by the adjudicating authority if a resolution plan results in change in the management or control of the corporate debtor to a person who was not a promoter or in the management or control of the corporate debtor or a related party of such a person.

The amendments are aimed at providing more protection to bidders participating in the recovery proceedings and in turn boosting investor confidence in the country's financial system.

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