Modi justifies his policies, says Dharmasthala Heggade proved Digital India is possible

coastaldigest.com news network
October 29, 2017

Mangaluru, Oct 29: Prime Minister Narendra Modi on Sunday launched a veiled but scathing attack on the Congress over alleged corruption in development funds, asking which was the "hand" that reduced every rupee to 15 paise before reaching its beneficiary.

Addressing a public rally in Ujire near Dharmasthala, a temple town in Dakshina Kannada, Modi also took a dig at the opposition for its criticism of demonetisation, saying even parents limit cash given to their children because it spoils them.

Without naming Rajiv Gandhi, Modi recalled that a former Prime Minister had said that from every rupee sanctioned by the government, only 15 paise reached its beneficiary in a village.

"One of the Prime Ministers had said every rupee is reduced to 15 paise when it reaches a village after getting sanctioned from Delhi. Which hand reduces the rupee?" he asked, in a sarcastic reference to the Congress election symbol.

He said this was not the case with his government that was committed to devote every rupee and every resource for the welfare of Indians so that fruits of development reached the beneficiaries without any scope of corruption.

Modi said cash currency had always been changing from stone coins, rubber coins, gold and silver coins in the economic history of the world and now it was the time for digital currency in the world. "India cannot lag behind."

Modi launched the distribution of RuPay Cards for Self-Help Group members and gave the cashless cards to two women enrolled for Pradhan Mantri Jan Dhan Yojana.

He said such self-help groups, who have pledged to conduct their businesses cashlessly, have answered all those who spoke against demonetisation, questioning how was it possible to become cashless in a country where the poor and less literate have no digital connectivity.

"But today, you have answered them. Aren't our women in rural areas educated? Twelve lakh people have pledged to make their businesses cashless. When your intentions are good, even obstacles can speed up your work. You have sown the seeds of digital India, less-cash society. I congratulate you," Modi said.

"People criticized the government's Digital India initiative and said people don't have mobile phones with them. But Dharmasthala’s Veerendra Heggade proved through SKDRDP that it is possible," Modi said.

"Even parents limit cash to their children because they think it will spoil them. That is why self-accountability is very important." He urged people to use Bhim App and embrace cashless transactions in the "era of honesty and integrity" where there "is no place for those who cheat the system". 

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Abdullah
 - 
Monday, 30 Oct 2017

Same Category people.All are Terrorists for common people.

 

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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
July 15,2020

Bengaluru, Jul 15: As on Wednesday, Bengaluru witnessed its first day of lockdown after rising number of Corona cases in the city. In a latest development, popular Kannada actor Dhruva Sarja and his wife Prerana Sarja have tested positive for COVID-19 sending shockwaves in the indutry.

Dhruva Sarja is the nephew of Arjun Sarja and younger brother of Chiranjeevi Sarja who passed away last month after suffering a massive heart attack.

The actor has requested people, who came in contact with them, to get tested immediately.

"My wife and I have both been tested positive for COVID-19 with mild symptoms and hence chosen to get ourselves hospitalised. I'm sure we'll be back all fine! All those who were in close proximity with us please get yourselves tested and remain safe," he tweeted.

In recent times, Mandya MP and popular actress Sumalatha Ambereesh too tested positive, now Dhruva Sarja is the second notable celebrity from Sandalwood to have tested positive for COVID-19.

A source close to the actor's family says that "During Chiranjeevi's funeral last month, some sections of people who had attended had also tested positive, as social distancing rules were not followed by those who attended the funeral. But now, the family has quarantined and there is no cause for worry. Dhruva has also requested all his primary contact to come forward voluntarily and get tested."

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News Network
June 20,2020

Bengaluru, Jun 20: Former Chief Minister and Congress Legislative Party leader Siddaramaiah has slammed BJP leader and former Congress MP and MLA H Vishwanath for blaming him for not getting MLC ticket.

Siddaramaiah said, "H Vishwanath is neither a fool nor intelligent, that's why he's blaming me for not getting ticket. He is in BJP and I'm in congress how will I influence his ticket."

He also slammed Chief Minister B. S. Yediyurappa, "Yediyurappa is toothless to speak to PM and asking for funds which need to be allotted to Karnataka including 5,049 crores, which 15th finance Commission suggested."

"No pro-people schemes must be stopped including Indira canteen, Yediyurappa thinks Indira canteen will bring good name to me that's why this government is trying to stop it," he added.

He was speaking after a protest organised at Mysuru against the hike in fuel prices.

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