Modi speech outside restricted area: Gujarat Police

May 1, 2014
Ahmedabad, May 1: A day after Narendra Modi was booked for making a speech at a polling booth while displaying BJP's election symbol in violation of electoral laws, a preliminary probe by Gujarat police has found he addressed the gathering outside the restricted 100-metre radius. selfied

"Just like any other case, we will investigate this case to find out the facts such as whether Modi was inside the 100-metre radius of the polling booth.

"Our preliminary probe (has) revealed that authorities had marked that limit with a white strip outside the booth, and the press conference was outside that limit," said a senior officer of Detection of Crime Branch of Ahmedabad police, which today initiated the investigation.

The model code for elections prevents canvassing within 100 meters of polling stations.

An FIR was lodged against Modi yesterday under section 126 (1)(a) of the Representation of People Act on the orders of the Election Commission for holding a meeting at the polling station. The provision bans holding of public meetings during the period of 48 hours ending with the hour fixed for the close of the poll.

A non-cognizable complaint was also filed against the TV channels which had broadcast the conference under section 126 (1)(b) of the RP Act.

"There is only one FIR against Modi for violating 126(1)(a) of the RP Act and section 188 of Indian Penal Code for violating CrPC section 144, which prohibits more than four people from gathering for a specific purpose. This is a cognizable offence, which falls under the jurisdiction of police. Police inspector Harpal Rathod became the complainant on behalf of government," the officer said.

"Another complaint against TV channels has been filed under 126(1)(b) for telecasting Modi's press conference, it is not an FIR. It is a non-cognizable offence. We will approach the court and follow its order about the NC complaint as police cannot investigate NC complaint (on their own)," he said.

Speaking on condition of anonymity, the officer also said the charge under section 144 CrPC would not stand legal scrutiny.

"The charge against Modi under CrPC 144 will not stand the trial, as nobody can prove that all the mediapersons and common public were invited or called to the venue by Modi himself. Modi never sent SMS or called them," he said.

The officer said the BJP's prime ministerial contender may not be necessarily called for questioning.

"Our line of investigation includes questioning people present at the time and acquiring video footage. However, it is not always necessary to question the accused. We may or may not call Modi for questioning," he said.

"As per the RP Act, one can be sentenced to 2 years jail term and/or fine, for the violation of section 126(1)(a)," an official said.

Modi had set off a huge controversy after he addressed the media outside the polling station soon after casting his ballot in Ranip area in BJP veteran L K Advani's Gandhinagar constituency. All the while he spoke, Modi held a lotus badge in hand.

Seeing red, Congress immediately complained to the Election Commission and sought action against Modi including his disqualification.

Other parties also attacked the Gujarat chief minister for his conduct with AAP calling him a 'habitual offender'.

The Commission had got into action and directed authorities in Gujarat to file FIR against the Modi.

"The Commission is of the view that by holding that meeting and also by addressing the same today when the polling is going on in the entire state of Gujarat and in different parts of the country, Narendra Modi has violated the provisions of Sections 126 (1)(a) and 126 (l)(b) of Representation of People Act, 1951.

"Therefore, the Commission directs...that complaint/ FIR as the case may be, should be filed against Narendra Modi and all others who were involved in the convening and holding of the said meeting...," the EC order said.

In its order, the EC also said that all the TV channels and other electronic media which carried the proceedings of the meeting should also be proceeded against under Section 126 (l) (b) "by filing separate complaints/FlRs against those channels."

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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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News Network
April 20,2020

London, Apr 20 : Embattled liquor baron Vijay Mallya, who is wanted in India on alleged fraud and money laundering charges amounting to an estimated ₹9,000 crore, today lost a High Court appeal in UK against his extradition order to India.

A consortium of Indian public sector banks led by the State Bank of India had sought a bankruptcy order against Mallya as part of efforts to recoup around GBP 1.145 billion of unpaid loans from Mallya.

The 64-year-old former Kingfisher Airlines boss had appealed to the High Court against his extradition to India at a hearing in February this year.

Lord Justice Stephen Irwin and Justice Elisabeth Laing, the two-member bench at the Royal Courts of Justice in London presiding over the appeal, dismissed the appeal in a judgment handed down remotely due to the current coronavirus lockdown.

"We consider that while the scope of the prima facie case found by the SDJ [Senior District Judge] is in some respects wider than that alleged by the Respondent in India [Central Bureau of Investigation (CBI) and Enforcement Directorate (ED)], there is a prima facie case which, in seven important respects, coincides with the allegations in India," the judges ruled.

Earlier this month, the High Court in London had deferred hearings on a plea by the SBI-led consortium of Indian banks, seeking the indebted tycoon to be declared bankrupt to enable them recover their loan from him.

Justice Michael Briggs of the insolvency division of the High Court granted relief to Mallya, ruling that he should be given time till his petitions to the Supreme Court of India and his settlement proposal before the Karnataka High Court be determined, allowing him time to repay his debts to the banks in full.

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News Network
May 29,2020

New Delhi, May 29: In a powerful display of inter community solidarity, a team of Sikh volunteers visited Delhi's Jama Masjid and sanitized the 17th century monument.

As the national capital battled coronavirus, the historic Jama Masjid is closed for congregational prayers. However, the team of Sikh volunteers effectively sanitized the monument to ensure it is safe for the caretakers and visitors.

The volunteers affiliated with United Sikhs organization also met Naib Shahi Imam of Jama Masjid Syed Shaban Bukhari during the visit. The latter thanked the team for the humanitarian gesture and underlined the need for all sections of humanity to unite in the face of this crisis.

"The Sikh community has always displayed exemplary commitment to humanity and we are thankful to the United Sikhs' team for their initiative. This enormous crisis facing the human race can be fought off only if all communities, nations and people unite and fight it together. In recent weeks we have seen heart wrenching images of misery in the country as thousands of migrant workers return to their villages. At the same time we have also seen positive stories of different people uniting to help and feed them. We hope that together we will overcome this crisis," said Syed Shaban Bukhari, Naib Shahi Imam, Jama Masjid, Delhi.

Shaban Bukhari has also advised Muslims across the country to strictly avoid congregational prayers this Eid and pray at homes. He is young leader, who really believes in secularism. For him, humanity and kindness come first.

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