If you care for minorities, ensure Muslims aren't lynched: Owaisi jabs Modi

Agencies
May 26, 2019

Hyderabad, May 26: AIMIM chief Asaduddin Owaisi lashed out at the Prime Minister for his "minorities made to live in an illusion of fear" statement and said if Modi really cares about minorities then he should ensure that Muslims are not lynched by cow vigilantes.

"As given in our Constitution, Right to Life is for human beings and not animals. I am sure that if Prime Minister realises it, then fear among minorities will go away," said Asaduddin Owaisi.

The newly-elected MP from Hyderabad also cited an incident of Madhya Pradesh's Seoni wherein three youths were thrashed, allegedly over suspicion of possessing beef.

"If Prime Minister seriously believes that minorities live in fear then will he stop all mob-lynching gangs who in the name of cow killing, lynch Muslims, beat them, take out their videos and demean Muslims. What happened in Madhya Pradesh is an example," he said.

Intensifying his attack, he questioned the Prime Minister over mob-lynching cases.

"If PM agrees minorities live in fear he should know people who killed Akhlaq were sitting in the front bench of the electoral public meeting," Owaisi remarked.

"If Muslims seriously live in fear can the Prime Minister tell us, out of the 300 odd MPs, how many Muslim MPs he has in his own party who got elected from Lok Sabha? This is the hypocrisy and contradiction which the PM and his party are practicing from last 5 years," the AIMIM chief said.

While addressing the newly-elected members of Parliament, after being elected as leader of BJP-led NDA, Narendra Modi on Saturday sought to reach out to minorities saying there will be no discrimination against anyone on the basis of caste, sect, and religion and gave a new slogan of "trust of all".

Modi said political parties in the past played deceit on minorities who were used for vote bank politics.

"They were kept in illusion, the climate of fear and insecurity. They were misled by deceit. It would have been better if they were given education so that some good leaders emerged from the community, which could have become equal to other sections," said Modi.

"But for the sake of vote bank politics, they were kept away from everything. Today I appeal to all that we have to break that deceit on minorities. We have to gain their trust. We have to move shoulder to shoulder without discriminating on the basis of caste, sect and religion. We are for 130 crore people. These should be our priorities and responsibility. 'Sabka Sath, Sabka Vikas aur ab Sabka Vishwas (Everyone's support, everyone's development and now everyone's trust). This is our mantra. I will leave no stone unturned and I will work for all citizens of India," he said.

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News Network
January 1,2020

New Delhi, Jan 1: Newly-appointed Chief of the Defence Staff General Bipin Rawat on Wednesday said the armed forces stay away from politics and work as per the directives of the government of the day, remarks that come amid allegations that the forces were being politicised.

Gen Rawat also said that his focus as CDS will be to integrate the efforts of the three services and to work as a team.

"We keep ourselves away from politics. We act according to the directives of the government of the day," he said.

Gen Rawat said his focus will be to ensure best and optimal use of resources allocated to the three services.

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Agencies
March 15,2020

Financially troubled Yes Bank on Saturday reported a standalone net loss of ₹ 18,560.31 crore for the third quarter of the financial year 2019-20. This is amongst the biggest losses reported by the India Inc.

At present, the private lender is under a moratorium and is controlled by the office of the administrator appointed by the RBI.

The bank had reported a net profit of ₹1,001.85 crore during the corresponding period of the previous financial year.

Besides, the bank's total income fell to Rs 6,268.50 crore from Rs 8,849.81 crore earned during the October-December quarter of the previous fiscal.

On consolidated basis, Yes Bank reported a net loss of ₹18,564.24 crore for the December quarter from a net profit of Rs 1,000.57 crore in the corresponding period of the previous fiscal.

The independent auditor's review report on the consolidated results pointed out that there is a "material uncertainty related to going concern" of the bank.

"The said assumption of going concern is dependent upon the degree of success of the final reconstruction scheme, the quantum of capital infused into the bank and the bank's ability to stabalise its deposit balances post withdrawal of the moratorium by the RBI. Our conclusion is not modified in respect of this matter," the auditor said.

Furthermore, the bank recognised additional loans of ₹ 5,150.2 crore as NPAs and related provisioning requirements of ₹772.5 crore for the quarter ended December 31, 2019.

The bank has recognised an additional provisions of ₹15,422.0 crore in the quarter ended December 31, 2019.

Last week, the RBI placed Yes Bank under moratorium and capped the withdrawal limit at ₹50,000 till next Wednesday.

Additionally, the central bank also superseded Yes Bank's board of directors and appointed former SBI CFO Prashant Kumar as its administrator.

Meanwhile, Kumar has been appointed as the new Chief Executive Officer of the financially troubled lender. He will take over his new responsibilities once the moratorium on the stressed lender is lifted on Wednesday.

Apart from Kumar, Sunil Mehta, former non-executive Chairman of Punjab National Bank, will take over as the non-executive Chairman of Yes Bank.

Other board members include Mahesh Krishnamurthy and Atul Bheda, both as non-executive Directors.

Additionally, six private lenders have joined the SBI to rescue Yes Bank with Federal Bank committing ₹300 crore by subscribing to 30 crore shares of ₹2 each at a premium of ₹8 per equity share.

The six private lenders have now committed an investment of ₹3,700 crore in the cash-strapped private sector bank.

On Friday, ICICI Bank and Housing Development Finance Corporation (HDFC) Ltd had announced that they will be investing ₹1,000 crore each in Yes Bank's equity. Axis Bank and Kotak Mahindra Bank will be investing ₹ 600 crore and ₹500 crore, respectively, while Bandhan Bank will invest ₹300 crore.

The SBI board has already approved up to 49 per cent stake purchase in Yes Bank, as per the RBI's reconstruction scheme for the lender. It had said on Thursday that an investment of ₹7,250 crore would be made in Yes Bank to pick up₹ 725 crore equity shares.

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News Network
April 1,2020

New Delhi, Apr 1: The number of COVID-19 cases climbed to 1,637 in the country on Wednesday while the death toll rose to 38, according to the Union Health Ministry.

The number of active COVID-19 cases stands at 1,466, while 132 people were either cured or discharged and one had migrated to another country, the ministry stated.

As per the health ministry's updated data at 9 AM, three fresh deaths were reported since the last update on Tuesday. However, it could not be known from which parts of the country these three fatalities were reported.

Till Tuesday night, Maharashtra had reported the most deaths (9) in the country so far, followed by Gujarat (6), Karnataka (3) Madhya Pradesh (3), Punjab (3), Delhi (2), West Bengal (2) and Jammu and Kashmir (2). 

Kerala, Telangana, Tamil Nadu, Bihar and Himachal Pradesh have reported a death each.

The state-wise breakup of the cases was also not available immediately.

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