'If honest, Modi should not fear CBI probe in Rafale Deal, Says Arvind Kejriwal

Agencies
October 28, 2018

Jaipur, Oct 28: Aam Aadmi Party national convenor Arvind Kejriwal on Sunday targeted Prime Minister Narendra Modi over alleged corruption in the multi-crore Rafale jet deal with France, saying he should not fear a CBI probe if he is honest.

Referring to the Union government's mid-night decision to send CBI chief Alok Verma on indefinite leave last week, Kejriwal claimed Verma was "suspended" as Modi feared he was to register an FIR in connection with the deal and launch an investigation.

"It is Rs 36,000-crore fighter aircraft scam. An honest CBI chief was removed at 3 am as he wanted to lodge FIR against the prime minister the next morning. The prime minister should not be afraid of a CBI probe if he is honest," Kejriwal said at a public meeting in Jaipur in poll-bound Rajasthan.

His supporters chanted that Modi is a "thief".

Verma was sent on leave after a feud erupted between him and his deputy, Special Director Rakesh Asthana, with the government saying the decision was taken to protect institutional integrity of the agency.

The government has also repeatedly denied allegations of corruption in the Rafale deal.

Referring to himself, Kejriwal said the people of New Delhi can proudly say that their chief minister is honest. Can they say the prime minister is "honest", he asked the crowd?

"The CBI conducted a raid at my residence. I cooperated with the sleuths, offered them tea and sweets. All they found were four mufflers. People of the New Delhi can proudly say their chief minister is honest," he said.

Kejriwal asked the people whether they have got a quality education, better healthcare, free water and cheaper electricity under the rule of the BJP or the Congress, whom they have voted to power in Rajasthan alternately in recent elections.

Making a case for his AAP, he suggested to the people that they should vote for the party, like the people of Delhi have done, and dislodge both BJP and Congress from governance in Rajasthan.

"We do not vote to make any party win but to defeat the other. BJP and Congress had done a setting in New Delhi to loot people but the people threw both the national parties out of power and it can happen in Rajasthan as well," Kejriwal said.

He claimed the AAP government in Delhi has done what the two national parties could not do in 70 years.

The success rate of Delhi government-run schools was 10 per cent better than private schools, people get free medicines, treatment, water under government schemes and cheaper electricity, he said.

Talking about farm distress, he criticised Centre's crop loan insurance scheme, saying it was meant to benefit insurance firms and not farmers.

"Crop insurance scheme is a scheme to loot farmers. Premium amount is directly deducted from their bank accounts, and when it comes to raising claims farmers have to run from pillar to post," he alleged, seeking an end to the central government scheme.

The party, which will be contesting the assembly election, scheduled on December 7, for the first time in the state, on Sunday also released its draft manifesto and sought suggestions from people.

Kejriwal said people decide the fate of democracy and AAP would work for the betterment of all sections of society.

Comments

jamal
 - 
Monday, 29 Oct 2018

But, blind people will vote for BJP, SDPI, JDS etc...

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
February 28,2020

Feb 28: For 30-year-old Shabana Parveen, it was nothing sort of a miracle — giving birth to a healthy baby boy after surviving a brutal attack by a mob who kicked and assaulted her and her husband in northeast Delhi's Karawal Nagar.

Their home set afire by the mob, Ms Parveen's family is now pinning their hopes on the newborn who they called a "miracle baby".

Ms Parveen, her husband, two kids and mother-in-law were sleeping inside the house on Monday night when a mob barged into their house.

Narrating their ordeal, Ms Parveen's mother-in-law Nashima told PTI, "They hurled religious slurs, beat up my son. Some of them even kicked my daughter-in-law in the abdomen...as I went to protect her they came charging at me... We thought we would not survive that night. But with God's grace we somehow managed to escape from the clutches of the rioters."

"We rushed Parveen to a nearby hospital but doctors there asked us to go to Al-hind Hospital where she delivered a baby boy on Wednesday," she added.

Despite having lost their home for over two decades and all belongings, her family has overcome the initial shock and are now overjoyed with the birth of the "miracle baby".

Ms Nashima said she had no clue where the family would go after Ms Parveen was discharged from the hospital.

"It's all gone there. Nothing left. Maybe, we will go to some relative's place and see how we can re-build our life," she said.

Ali, 6, who held his one-day-old brother, caressing his forehead, said, "I will take care of him forever and save him from every ill."

The violence over the amended citizenship law in northeast Delhi has claimed 38 lives so far and left over 200 people injured. Frenzied mobs torched houses, shops, vehicles, a petrol pump and pelted stones at locals and police personnel.

Jaffrabad, Maujpur, Babarpur, Yamuna Vihar, Bhajanpura, Chand Bagh and Shiv Vihar are among the areas mainly affected by the clashes.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
January 27,2020

Thiruvananthapuram, Jan 27: Kerala Chief Minister Pinarayi Vijayan on Monday urged Prime Minister Narendra Modi to arrange for airlifting the Indians stranded in Wuhan province of China, the epicentre of coronavirus, saying the ground situation there has further worsened.

In a letter to Mr. Modi, he said since the situation in Wuhan was grave, it would be appropriate to operate a special flight to Wuhan or a nearby functional airport and airlift Indian nationals stranded there.

Mr. Vijayan also wanted the Prime Minister to give necessary instructions to the Indian Embassy in China to act pro-actively and provide necessary assistance and reassurance to Indians, including Keralites, stranded in Wuhan and Yichang.

The Chief Minister offered assistance of medical professionals from the State in case of evacuation of the Indians from Wuhan.

Chinese health authorities have announced the death toll due to coronavirus has sharply increased to 80 with 2,744 confirmed cases.

The confirmed cases of pneumonia caused by the novel coronavirus officially described as 2019-nCoV included 461 patients who are in critical condition.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
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.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.