Modi must apologise to the nation for his malicious comment: Manmohan Singh

News Network
December 11, 2017

New Delhi, Dec 11: Former Prime Minister Manmohan Singh has said he sincerely hoped that Prime Minister Narendra Modi will apologise to the nation for suggesting that he (Dr. Singh) and others held a “secret meeting” with Pakistani officials at suspended Congress leader Mani Shankar Aiyar’s residence to “influence” the outcome of the Gujarat elections.

“I am deeply pained and anguished by the falsehood and canards being spread to score political points in a lost cause by none less than Prime Minister, Sh. Narender Modi. Fearing imminent defeat in Gujarat, desperation of Prime Minister to hurl every abuse and latch on to every straw is palpable. Sadly & regrettably, Sh. Modi is setting a dangerous precedent by his insatiable desire to tarnish every constitutional office, including that of a former Prime Minister and Army Chief,” Dr. Singh said in a statement.

The Congress Party needed no sermons on “nationalism” from a party and Prime Minister, ''whose compromised track record on fighting terrorism is well known,'' he said. Mr. Modi had “gone to Pakistan uninvited after the terrorist attacks in Udhampur and Gurdaspur,” he pointed out.

“Let him also tell the country the reason for inviting the infamous ISI of Pakistan to our strategic air base in Pathankot to investigate a terror attack that emanated from Pakistan,” he said.

“I reject the innuendos and falsehoods as I did not discuss Gujarat elections with anyone else at the dinner hosted by Shri Mani Shankar Aiyar as alleged by Shri Modi. Nor was the Gujarat issue raised by anyone else present at the dinner. The discussion was confined to India-Pakistan relations. Names of the distinguished Indian public servants and journalists present at the dinner are enclosed to this statement. None of them could be accused of indulging in any anti-national activities.

“I sincerely hope that Prime Minister will show the maturity and gravitas expected of the high office he holds instead of concentrating his energy solely on erroneously conceived brownie points. I sincerely hope that he will apologize to the Nation for his ill thought transgression to restore the dignity of the office he occupies,” Dr. Singh said.

Former Vice-President Hamid Ansari, former High Commissioners to Pakistan K. Natwar Singh, Sharad Sabharwal, K.S. Bajpai, Satinder Lambah and TCA Raghavan, former Army Chief Deepak Kapoor, Pakistan High Commissioner to India Sohail Mahmood,and senior journalists were among those present at Mr. Aiyar’s residence for dinner and discussion on India-Pakistan relations.

At an election rally in Gujarat, Mr. Modi suggested that Pakistan was trying to influence the course of elections in Gujarat and referred to the “meeting” at Mr. Aiyar’s residence.

Here's the full text of Dr. Singh's statement:

''I am deeply pained and anguished by the falsehood and canards being spread to score political points in a lost cause by none less than Prime Minister, Sh. Narender Modi. Fearing imminent defeat in Gujarat, desperation of Prime Minister to hurl every abuse and latch on to every straw is palpable. Sadly & regrettably, Sh. Modi is setting a dangerous precedent by his insatiable desire to tarnish every constitutional office, including that of a Former Prime Minister and Army Chief.

''The Congress party needs no sermons on "Nationalism" from a party and Prime Minister, whose compromised track record on fighting terrorism is well known. Let me remind Sh. Narender Modi that he had gone to Pakistan uninvited after the terrorist attacks in Udhampur and Gurdaspur. Let him also tell the country the reason for inviting the infamous ISI of Pakistan to our strategic Air Base in Pathankot to investigate a terror attack that emanated from Pakistan

''My track record of public service to the country over last five decades is known to everyone. No one, including Sh. Modi, can lamely question it to gain lost political ground.

''I reject the innuendos and falsehoods as I did not discuss Gujarat elections with anyone else at the dinner hosted by Shri Mani Shankar Aiyar as alleged by Shri Modi.  Nor was the Gujarat issue raised by anyone else present at the dinner.  The discussion was confined to India-Pakistan relations.  Names of the distinguished Indian public servants and journalists present at the dinner are enclosed to this statement.  None of them could be accused of indulging in any anti-national activities.

''I sincerely hope that Prime Minister will show the maturity and gravitas expected of the high office he holds instead of concentrating his energy solely on erroneously conceived brownie points. I sincerely hope that he will apologize to the Nation for his ill thought transgression to restore the dignity of the office he occupies.''

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Agencies
May 12,2020

New Delhi, May 13: Prime Minister Narendra on Tuesday announced Rs 20 lakh crore special economic package for the country to be 'self-reliant' and deal with COVID-19.

"I announce a special economic package today. This will play an important role in the 'Atmanirbhar Bharat Abhiyan.' The announcements made by the government over COVID, decisions of RBI and today's package totals to Rs 20 lakh crore. This is 10 per cent of India's GDP," said Prime Minister Modi in his address to the nation. The Prime Minister said that humanity would not accept defeat from the coronavirus but the people have to stay safe and move forward.

"We had never seen or heard about such a crisis ever before. This is definitely unimaginable for mankind. It is unprecedented. But humanity will not accept defeat from this virus. We have to not only protect ourselves but also move forward," he said.

Talking about the gravity of the virus, Modi said: "It has been four months the world is fighting COVID-19. More than 42 lakh people from different countries have been infected by COVID-19. More than 2.75 lakh people have lost their lives due to the virus. In India too many families have lost their dear ones, I express my condolences to them."

"Today when the entire world is in crisis, we will have to further firm our resolve," he added.

The Prime Minister on Monday held a video conference meeting with Chief Ministers of all states to discuss the road ahead in India's fight against COVID-19 and noted that he was of the firm view that measures needed during the third phase of lockdown will not be needed in the fourth phase.

Prime Minister Modi had said the need was to reduce the transmission rate of the disease and to increase public activity gradually while adhering to all the guidelines and efforts to be made towards achieving both these objectives.

The phase three of the lockdown is coming to an end on May 17.

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News Network
March 11,2020

New Delhi, Mar 11: According to the Union health ministry, there are 62 confirmed cases of coronavirus in the country.

The Delhi High Court Wednesday sought the stand of the Centre and the Delhi government on a PIL seeking proper and adequate measures to combat coronavirus.

A bench of Chief Justice D N Patel and Justice C Hari Shankar issued notice to the Ministry of Health and the Delhi government seeking their replies on the public interest litigation (PIL) filed by an advocate.

The petition, by lawyer Triveni Potekar, seeks directions to the Centre and the Delhi government to make available important and relevant information on access to and availability of medical facilities for testing and treatment for the coronavirus disease.

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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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