Nationalism is the identity of BJP: Modi

August 24, 2016

New Delhi, Aug 23: Prime Minister Narendra Modi today asserted that nationalism is the identity of BJP.

modiAddressing core groups of state BJP units, Modi said the week-long 'tiranga yatra' by Union ministers and party leaders to mark the 70th Independence Day had made a good impact across the country.

He also asserted that the 'yatra' played an important role in spreading the spirit of national unity, integrity and harmony at a time when forces against them are at work, according to Union minister Ananth Kumar.

The saffron party has harped on nationalism against the backdrop of ongoing Kashmir unrest, the row over an Amnesty event in Bengaluru in which a case of sedition was registered over alleged raising of 'pro-azadi' slogans by some Kashmiris and the JNU controversy.

Though the prime minister did not make any direct mention of these issues, he noted that nationalism has been the party's identity, sources said.

"We are continuously working for development but there are some elements who do not like it. They are trying to divert our and people's attention. We will have to inform the common man that our sole aim is nation building," a BJP statement later quoted him as saying.

Modi also asked party leaders to make conscious efforts to identify with and work for all sections of the society and asserted that his government was dedicated to the welfare of the poor.

Noting that the birth centenary year of Deendayal Upadhyay, a party ideologue, starts from September 25, he said his government would continue to come out with pro-poor schemes to realise his motto of 'antyodaya' (uplift of the last man).

The sources said Modi also asked BJP leaders to work constructively, noting that the way they worked when the party was in the opposition would have to change when it is in power.

Earlier, party chief Amit Shah stressed on the need of discipline and unity in his speech and said it has to expand geographically and across different sections of society.

Besides the core groups of state party units, top Union ministers were also present.

Modi said the party should work to connect with the poorest sections of the society and asked the core leadership of the states to pay attention to it.

He said BJP practised its politics on the strength of its organisation and it should strive to become a social power and not merely political power.

This is the first time the party has held a workshop of core groups of all its state units with Shah noting that the groups are the foundation stone of the organisation's working.

"We have to keep growing. It is necessary for this that the government and the party work in coordination, their work is reviewed with time and appropriate changes are made. The constitution of core groups in all states and their regular meeting can play an important role," the party president said.

They have to ensure that in the states where the party is in power, have corruption-free governments which also remain committed to its ideology, he said.

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Wonder Kotian
 - 
Thursday, 25 Aug 2016

Wa Barbaric killing Innocent in Gujarat What Ptism???
Killing Father of Nation What Ptism????
Now what is the Plan!!!!!!!!!

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Agencies
August 6,2020

Mumbai, Aug 6: Former Reserve Bank of India governor Raghuram Rajan said on Thursday that overly focusing on what sovereign rating agencies think can take one's eyes off what needs to be done for the economy.

"It is also important to convince both domestic and international investors that after the crisis associated with the pandemic is over, we will return to fiscal responsibility over the medium term, and the government should do more to convince them of that," Rajan told the Global Markets Forum.

India was placed under one of the strictest lockdowns in the world in late March for more than two months to stem the spread of the coronavirus, but cases have continued to rise steadily since the government eased restrictions in June, stymieing hopes of an economic recovery.

The government has announced several initiatives to help the poor and small- and medium-size businesses, but actual cash outgo from the government's measures has been estimated at just about 1% of GDP.

Several attribute the fiscal prudence to fear of a downgrade after Moody's cut India's rating and outlook in early June followed closely by a change in outlook from Fitch.

The central bank on its part too has reduced the key lending rate by 115 basis points on top of the 135 bps last year and is widely expected to cut rates by another 25 bps later on Thursday.

"The RBI and government have certainly been cooperating, but it seems like it is elsewhere, the ball is in the government's court to do more," Rajan said.

He said the RBI needs to focus on whether credit is reaching the stressed areas of the economy and also if the viable firms were able to access credit and not the unviable ones.

"And I think that's where it has to focus its attentions, because resources, as you well know, are limited in India today."

Recently analysts, however, have cited the growing possibility the RBI may prefer to pause and cut rates only at its October meeting.

Government officials too have suggested the possibility of any more fiscal stimulus being announced, would only come in the second half of the fiscal year, once a recovery has taken root and coronavirus cases have peaked.

"What India should focus on at this point is protecting its economic capabilities, so that when it has dealt with the virus it can go resume activity in a reasonable way. That should be the focus," Rajan said.

"And if it does that, there is no reason why the rating agencies will not see that as an appropriate policy".

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News Network
March 29,2020

New Delhi, Mar 29 : Notwithstanding the 21-day coronavirus lockdown, the Reserve Bank of India (RBI) has decided to go ahead with the merger plan of ten state-run banks into four larger bank from April 1. The apex bank has issued four separate releases announcing that the branches of merging banks will operate as of the banks in which these have been amalgamated from next month.

RBI's statement comes after Finance Minister Nirmala Sitharaman's clarification on Thursday that the mega bank consolidation plan was very much on track and would take effect from April 1.

The government on March 4 had notified the amalgamation schemes for 10 state owned banks into four as part of its consolidation plan to create bigger size stronger banks in the public sector.

Bank officers' unions, however, earlier this week wrote to the prime minister seeking to defer the merger schemes of lenders due to the lockdown triggered by coronavirus outbreak.

As per the scheme, Oriental Bank of Commerce and United Bank of India will be merged into Punjab National Bank; Syndicate Bank into Canara Bank; Allahabad Bank into Indian Bank; and Andhra and Corporation banks into Union Bank of India.

Under this, the branches of Oriental Bank of Commerce and United Bank of India will operate as branches of Punjab National Bank from April 1, 2020, and branches of Syndicate Bank as that of Canara Bank, the RBI said in a separate releases.

Allahabad Bank branches will operate as those of Indian Bank while the branches of Andhra Bank and Corporation Bank will function as the branches of Union Bank of India from the beginning of next fiscal year 2020-21, the RBI said.

"The Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank Scheme, 2020 dated March 4, 2020, issued by the Government of India... The scheme comes into force on the 1st day of April 2020," RBI said.

Customers, including depositors of merging banks will be treated as customers of the banks in which these banks have been merged with effect from April 1, 2020, the RBI noted.

Banking services across the country are impacted due to the effect of COVID-19 as a near shut down is being observed across the country.

In a letter written to the Prime Minister on March 25, the All India Bank Officers'' Confederation (AIBOC) said, "The finance minister yesterday announced a slew of measures in view of the deleterious effect of the contagion. We are also expecting an extension of closing related activities and the revision of the closing date itself from March 31 to June 30, which is the need of the hour."

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Agencies
August 3,2020

New Delhi, Aug 3: Afghanistan President Ashraf Ghani on Monday thanked Prime Minister Narendra Modi for the timely supply of food and medical assistance to meet the requirement in Afghanistan.

During their telephonic conversation, PM Modi also reiterated India's commitment to the people of Afghanistan in their quest for a peaceful, prosperous and inclusive Afghanistan, the Prime Minister's Office said in a statement on Monday.

The two leaders also exchanged views on the evolving security situation in the region and other areas of mutual bilateral interest.
Both leaders also exchanged greetings on Eid-Al-Adha. 

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