Judiciary, EC being torn apart under BJP govt: Rahul

Agencies
August 26, 2018

London, Aug 26: Congress president Rahul Gandhi on Saturday alleged that the judiciary and election commission were being "torn apart" under the BJP government and Prime Minister Narendra Modi was keeping mum on grave issues confronting the nation.

Addressing the Indian Overseas Congress in London, he said the Prime Minister insulted every Indian by saying that nothing had happened in the last 70 years.

"India shows the future to the world. The people of India made this possible, and the Congress helped them," he said.

"If the Prime Minister says nothing had happened before he assumed office, he is not commenting on the Congress, he is insulting every person of the country," Gandhi said.

He alleged that at present, Dalits, farmers, tribal people, minorities, the poor in India are told they will not get anything, and "if they raise their voice, they are beaten up".

The SC/ST Prevention of Atrocities Act has been "destroyed, and scholarships have been discontinued", he claimed.

"Today in India, people are discriminated against on the basis of caste and religion. Marginalised are betrayed, while people like Anil Ambani benefit," he alleged.

Attacking the Bharatiya Janata Party-led government on the Rafale deal, Gandhi said that the Hindustan Aeronautics Limited had been manufacturing aircraft for the last 50 years, but the contract was given to "someone who floated his company just 19 days before the deal".

"Nobody will get anything. Only Ambani will get everything. This man has accrued a debt of Rs 45,000 crore," the Congress president alleged.

Gandhi has been attacking the BJP government for allegedly inking the deal at a much higher price than the one the previous UPA regime had negotiated to benefit "one businessman".

Facing allegations of getting undue benefits from the multi-billion dollar Rafale deal, Anil Ambani-led Reliance Group has sent legal notices to several Congress leaders asking them to "cease and desist" from levelling such charges.

Reliance Group has denied the allegations relating to the deal under which France's Dassault is supplying the fighter jets and has entered into a joint venture with an Anil Ambani-led group firm to meet its offset requirement of the contract.

Ambani recently wrote to Gandhi on the deal saying his party has been "misinformed, misdirected and misled" by "malicious vested interests and corporate rivals" on the issue.

Gandhi said, "When the farmers of Karnataka and Telangana ask for loan waiver, PM Modi says this is not our policy. India's handful of richest businessmen have NPAs of Rs 12.5 lakh crore, but the Prime Minister says nothing."

He alleged that the Prime Minister kept quiet "when his own party's MLA raped a woman and when Nirav Modi ran away with people's money."

"Institutions such as the Supreme Court, Election Commission, Reserve Bank of India, which are the walls of our country, are being torn apart now," he alleged.

It was the first time that four senior-most judges of the apex court come out in public earlier this year to say they were not being allowed to work, he said.

"I do not use bad language for the Prime Minister. And if you have listened to the debate on the Rafale deal in Parliament, you would have seen that the PM could not answer my questions," he said.

Gandhi said China creates 50,000 jobs a day, while India creates only 450, and unemployment was a pressing issue.

"Our farmers need help. Our youth needs education, elderly people need health care. But, there is no discussion on the issues of farmers, education and healthcare," he said.

Lauding the contribution of non-resident Indians in the development of the country, he said, "Mahatma Gandhi, Sardar Patel, B R Ambedkar, Jawaharlal Nehru were all NRIs. They travelled the world and helped India with new perspectives."

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MR
 - 
Monday, 27 Aug 2018

Rahul is our only hope for India

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News Network
January 21,2020

Jan 21: Indian policymakers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home.

Investors are speculating about potential steps Finance Minister Nirmala Sitharaman could unveil when she presents the nation’s budget on Feb. 1. These measures may include freeing up firms to borrow at higher rates and offering tax breaks to global funds.

“The government will need to relax local rules to make it easier for Indian companies to raise debt overseas and tide over the funding crunch in the onshore market,” said Raj Kothari, London-based head of trading at Jay Capital Ltd. “At the same time, they need to ensure that the borrowers tapping offshore markets abide with stricter corporate governance so as to avoid further defaults.”

A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding. The government has tried a series of measures to spur domestic credit, including providing so-called credit enhancement and allowing tiny firms to restructure debt.

Here are some steps Sitharaman may consider to spur foreign borrowing:

• She could raise the cap of 450 basis points above Libor, which limits overall foreign debt costs for Indian companies

• This could help lower-rated firms sell bonds abroad. Indian companies rated BBB currently borrow at more than 10%, about 3.8 percentage points more than their top-rated peers;

• Sitharaman could waive the withholding tax foreign investors need to pay on holdings of rupee-denominated debt sold by Indian companies abroad

• The waiver was offered between September 2018 to March 2019, but wasn’t extended as the highest global interest rates since the financial crisis deterred Indian borrowers. Since then, the three-month Libor has dropped by about 1 percentage point

• She could permit Indian property developers and housing finance lenders to sell overseas bonds for reasons beyond affordable housing projects

• New funding lines to the real estate sector, arguably ground zero of India’s economic slowdown, could help kickstart consumption and investment as the industry is the nation’s biggest job-creator.

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News Network
May 15,2020

New Delhi, May 15: Microsoft founder Bill Gates on Friday thanked Prime Minister Narendra Modi for the interaction and stressed that combating the coronavirus pandemic requires global collaboration.

"Thank you for the conversation and partnership PM Narendra Modi. Combating the pandemic requires global collaboration. India's role is key as the world works to minimize social and economic impact, and pave the way to vaccine, testing, and treatment access for all," Bill Gates said.

Prime Minister Narendra Modi on Thursday interacted with philanthropist and Microsoft co-founder Bill Gates and discussed the global response to Covid-19 and the importance of global coordination on scientific innovation to combat the pandemic.

The Prime Minister underlined the conscious approach that India has adopted in its fight against the health crisis - an approach based on ensuring public engagement through appropriate messaging, a PMO release said.

He explained how this people-centric bottom-up approach has helped win acceptability for physical distancing, respect for frontline workers, wearing of masks, maintaining proper hygiene, and respecting lockdown provisions.

They agreed that given India's willingness and capacity to contribute to global efforts, particularly for benefit of fellow developing countries, it was important for India to be included in the ongoing global discussions for coordinating responses to the pandemic.

The Prime Minister also suggested that the Gates Foundation could take the lead in analyzing the necessary changes in lifestyles, economic organisation, social behaviour, modes of disseminating education and healthcare, that would emerge in the post-Covid world, and the associated technological challenges that would need to be addressed.

He said that India would be happy to contribute to such an analytical exercise based on its own experiences.

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News Network
January 7,2020

New Delhi, Jan 7: The government has asked public sector undertakings to dissuade their employees from participating in the 'Bharat Bandh' called on Wednesday and advised them to prepare a contingency plan to ensure smooth functioning of the enterprises.

Ten central trade unions have said around 25 crore people will participate in the nationwide strike to protest against the government's "anti-people" policies.

Trade unions INTUC, AITUC, HMS, CITU, AIUTUC, TUCC, SEWA, AICCTU, LPF, UTUC along with various sectoral independent federations and associations had adopted a declaration in September last to go on the nationwide strike on January 8.

"Any employee going on strike in any form, including protest, would face the consequences which, besides deduction of wages, may also include appropriate disciplinary action," said an office memorandum issued by the government.

"Suitable contingency plan may also be worked out to carry out the various functions of the ministry/department," it added.

It also issued instructions not to sanction casual leave or other kind of leave to employees if applied for during the period of the proposed protest or strike and ensure that the willing employees are allowed hindrance-free entry into the office premises.

The instructions issued by the Department of Personnel & Training prohibit the government servants from participating in any form of strike, including mass casual leave, go-slow and sit-down, or any action that abet any form of strike.

Besides, pay and allowances are not admissible to an employee for his absence from duty without any authority.

The central trade unions are protesting against labour reforms, FDI, disinvestment, corporatisation and privatisation policies and to press for a 12-point common demands of the working class relating to minimum wage and social security, among others.

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