Modi govt working for 'New India'; has given hope to people: President Kovind

Agencies
January 31, 2019

New Delhi, Jan 31: Presenting a virtual report card of the Modi government's tenure, President Ram Nath Kovind Thursday highlighted its various development works and commitment to social justice, as he asserted it has worked to build a " New India" after assuming power in 2014 when the nation was passing through "uncertain times".

In his address to the joint sitting of Parliament at the beginning of the Budget Session, Kovind also referred to the contentious Rafale deal, saying that the Indian Air Force will welcome the ultra-modern fighter aircraft in the coming months to strengthen its strike capability after a gap of many decades.

The President's address, which reflects the government's view, assumes significance as it comes ahead of the Lok Sabha polls, expected to be held in April-May.

The 10 per cent reservation for the general category poor, the triple talaq legislation and the controversial Citizenship Amendment Bill also figured in his over an hour-long speech at Parliament's central hall in the presence of Vice President M Venkaiah Naidu, Prime Minister Narendra Modi, Congress president Rahul Gandhi, Union ministers and other MPs.

"Prior to the 2014 General Election, the country was passing through a phase of uncertainty. After the elections, my government assumed charge and vowed to build a New India. A New India with no place for imperfect, corrupt and inertia ridden systems," he said.

In the last four and a half years, the government has infused new hope and confidence among the people of the country, enhanced the country's image and has effectively brought in social and economic change, he said.

From day one, the government's mission, based on transparency, was to improve the lives of citizens, to eradicate their difficulties owing to poor governance, and to make sure that the benefit of public services reach the lowest strata of the society, he said.

Highlighting the government's achievements and various welfare schemes, Kovind said 21 crore poor people were covered under the PM's life insurance scheme, while over 2 crore households got power connection as part of the Saubhagya scheme.

"Under the Swachh Bharat initiative, the government has built nine crore toilets," he said.

The president also described 2019 as a significant year for democracy as the country is observing the 150th birth anniversary of Mahatma Gandhi.

Be it cities or villages, the government has worked towards strengthening the health care infrastructure by building new AIIMS and wellness centres across the country, he said.

"The country was going through times of uncertainty before the 2014 Lok Sabha elections, and after the polls my government resolved to make a New India," the president said.

Highlighting the governments achievements and various welfare schemes, Kovind said 21 crore poor people were covered under the PM's life insurance scheme, while over 2 crore households got power connection as part of the PM's Saubhagya scheme.

"Under Swachh Bharat initiative, the government has built nine crore toilets," he said.

Touching on the triple talaq bill, which has been stuck in Rajya Sabha due to stiff opposition after being passed in Lok Sabha, he said the BJP-led NDA government is striving hard to get the triple talaq bill passed by Parliament to "liberate Muslim daughters" from a life of fear and anxiety and to provide them with equal right.

On the Rafale issue, the President said the government believes that neglecting the country's defence needs even for a moment is detrimental to the present as well as future of the country.

"After a gap of many decades, the Indian Air Force is preparing to welcome, in the coming months, its new generation ultra-modern fighter aircraft Rafale and strengthen its strike capability," he said.

India displayed its new policy by carrying out surgical strikes on terror launch pads across the border, he said.

Citing other achievements of the government, Kovind said the number of people filing Income Tax returns have doubled from 3.8 crore to 6.8 crore under its tenure and added that over 73 per cent of around 15 crore Mudra loan beneficiaries are women, he said.

Approvals for works costing over Rs 66,000 crore out of Rs 80,000 crore package have been given by the government for development in Jammu and Kashmir, he said, asserting that the government to committed to the state's growth.

Comments

Wellwisher
 - 
Thursday, 31 Jan 2019

Yes it is revealed yseterday in Luknow - they short on Father Of  Nations Gandhijis statute. Then what else India want.  Patriot Indians  all understood if they lead the central govt India never develop.  US Spymater already

announced their report before election what is our Moadi govt intention and agenda.

Abdullah
 - 
Thursday, 31 Jan 2019

wah re wah... Bade k RSS Tattooo....

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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
July 12,2020

Hyderabad, Jul 12: Hyderabad MP and All India Majlis-e-Ittehad-ul-Muslimeen chief Asaduddin Owaisi on Saturday condemned the demolition of a mosque and a temple inside the Secretariat building. He demanded the arrest of the contractor for demolition.
"During the process of demolition of the Secretariat building in Telangana, the mosque and temple were also demolished. The contractor must be booked and should be arrested. The public should know that we condemn this," he said while speaking to news agency.
Pointing out that his party MLAs Akbaruddin Owaisi and Moazam Khan have urged the state Assembly to look into the matter, he added, "We are not against the building of a new Secretariat, but what we asked for is not to destroy these structures during the process."
He welcomed the Chief Minister's announcement regarding the rebuilding of these structures.
"We expect the mosque to be built in the exact same place where it once stood. We expect the Chief Minister to speak to the representatives and meet our expectations and emotions about the mosque," he added.

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News Network
April 2,2020

New Delhi, Apr 2: With 437 new cases reported in the last 24 hours, the tally of COVID-19 positive cases in India shot up to 1,834 on Wednesday night.

The number of deaths in the country due to COVID-19 has risen to 41.

The total number of active cases in the country is 1,649. 143 persons have been cured and discharged from the hospitals. One person has migrated, according to the data provided by the Ministry of Health and Family Welfare.

Earlier on Wednesday, Union Home Secretary Ajay Bhalla urged all state governments and Union Territory administrations to ensure the lockdown measures issued by the Ministry of Home Affairs are strictly implemented.

"All the state governments/UT administrations are requested to strictly implement the lockdown measures issued by MHA in the exercise of the powers under Disaster Management Act, 2005 in letter and spirit," Bhalla said.

Prime Minister Modi had earlier announced a 21-day lockdown in the entire country to deal with the spread of coronavirus, saying that "social distancing" is the only option to deal with the disease, which spreads rapidly.

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