Modi govt wants to create communal divide for political gains: Tariq Anwar

August 31, 2014

Tariq AnwarNagpur, Aug 31: Nationalist Congress Party general secretary Tariq Anwar has accused the BJP-led government at the centre of fanning communal passions in the country just to polarize voters on basis of religion before elections in five states. "But the voters are seeing through this game plan of the BJP and have shown in recent by-elections in Bihar that they would prefer secularism to communalism," said Anwar.

In the recent Lok Sabha elections Anwar got elected from Bihar even as the party along with ally Congress fared poorly all over the country. "But remember, the BJP has won only 31% of the total votes polled in Lok Sabha. It could get a majority because of vote-split that decimated the parties with secular credentials. This was more of fluke and recent by-poll results in Bihar showed that if the secular parties are united, they can easily take on the BJP.

"In any case, the public disillusionment with Narendra Modi is growing very fast. More so with the general direction in which the Modi government is moving and the fact that in its first 100 days the NDA government failed to fulfil the prime election promise of controlling prices of essential commodities," said Anwar. However, he agreed that 100 days was too short a time to judge the Modi government.

"The indications and general drift of the Modi regime are dangerous for democracy in the country. It is clear that he does not want any opposition in the way of his running the government. His dictatorial style of function, in which he does not brook dissent even from party leaders, does not auger well for the country," said Modi.

Anwar, who was in the city en route from Amravati where he had some social and party engagements, told media-men here that there was serious threat to communal harmony under Modi. "The clear majority that BJP got in general elections is being used as licence by the RSS and the saffron organizations to ride roughshod in the country and do whatever it wants. This attitude is in total contrast to the Atal Bihari Vajpayee government which consciously avoided all controversial issues.

"But the Modi government wants to create communal divide for political gains. It has not given any representation to the minorities as not even a single Muslim or Christian candidate was elected on the BJP ticket. Actually, this is his notorious Gujarat model that he wants to replicate on the national scale. He wants to decimate his opponents totally within and outside the government. But without any Opposition, the democracy will suffer," said Anwar.

When pointed out that the new government has already put the country's economy on growth track clocking a quarterly 5.7 GDP, which is the highest in last 30 months, Anwar dismissed this as window dressing quite different from ground reality where the poor continue to suffer and are not touched by the 'India Shining' picture presented by the BJP.

Anwar, who only recently vacated Rajya Sabha seat from Maharashtra yielding place to party colleague Praful Patel in parliament, said the NCP was keen on finalizing seat-sharing pact with the Congress based on the 2014 Lok Sabha poll outcome in which the NCP had fared better than the Congress in the state. "We are hopeful of sealing the deal with the Congress in next few days. We are firm on contesting 144 seats and hope Congress will agree to it," said the NCP leader who categorically ruled out any chances of the Congress and the NCP merging into one. "It is too late for that thought as the NCP has established its own identity and its style of functioning differs though we share common ideology with the Congress," he said. He tried to dismiss the charges of corruption that many of his party leaders face in Maharashtra. He was confident that the NCP-Congress alliance would retain power in state after elections that are likely to be held in October.

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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.

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Agencies
January 12,2020

New Delhi, Jan 12: A fact-finding committee of the Congress on the JNU violence on Sunday said the January 5 attack inside the university campus was "state-sponsored" and recommended Vice Chancellor M Jagadesh Kumar be dismissed and criminal investigation initiated against him.

The Congress had appointed a four-member fact-finding committee to carry out a detailed inquiry into the violence at the Jawaharlal Nehru University (JNU).

Sushmita Dev, member of the committee, said the committee recommended that Kumar should be dismissed immediately and all the appointments in faculty should be probed and independent inquiry should take place.

"Criminal investigation must take place against the VC and faculty members and the security company," the Mahila Congress chief said.

"It is clear that the attack on JNU campus was state-sponsored," Dev said.

She also demanded a complete rollback of the JNU fee hike.

The other members of the fact-finding committee are Hibi Eden, MP and former NSUI president, Syed Naseer Hussain, MP and former president of JNU NSUI and Amrita Dhawan, a former NSUI president and ex-DUSU president.

On January 5 night, masked people armed with rods and sticks stormed the JNU campus and assaulted students and faculty members, and vandalised property, leaving several people injured.

Leftist outfits and the RSS-affiliated Akhil Bharatiya Vidyarthi Parishad (ABVP) blamed each other for the violence.

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News Network
July 18,2020

Washington, Jul 18: The government of India has agreed to allow US air carriers to resume passenger services in the US-India market starting July 23, the US Transportation Department said on Friday.

The Indian government, citing the coronavirus, had banned all scheduled services, prompting the US Transportation Department in June to accuse India of engaging in "unfair and discriminatory practices" on charter air carriers serving India.

The Transportation Department said it was withdrawing an order it had issued requiring Indian air carriers to apply for authorization prior to conducting charter flights, and said it had approved an Air India application for passenger charter flights between the United States and India.

A group representing major US airlines and the Indian Embassy in Washington did not immediately comment on Friday.

India's Ministry of Civil Aviation said on Twitter it was moving to "further expand our international civil aviation operations" and arrangements from some flights "with US, UAE, France & Germany are being put in place while similar arrangements are also being worked out with several other countries."

"Under this arrangement," it added, "airlines from the concerned countries will be able to operate flights from & to India along with Indian carriers."

The US Transportation Department order was set to take effect next week. The Trump administration said in June it wanted "to restore a level playing field for US airlines" under the US-India Air Transport Agreement. The Indian government had banned all scheduled services and failed to approve US carriers for charter operations, it added.

The US government said in June that Air India had been operating "repatriation" charter flights between India and the United States in both directions since May 7.

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