Jaitley: Bofors, a serious reflection of probe agencies

April 27, 2012

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New Delhi, April 27: Leader of Opposition in the Rajya Sabha Arun Jaitley on Thursday said that the fact that culprits could not be brought to book in the Bofors gun deal was a serious reflection on the health of the investigating agencies.

“Somebody swung the deal, somebody got kickbacks. Money was traced, accounts were traced, you don't need further evidence and the man was allowed to leave the country. How was the man [Italian businessman Ottavio Quattrocchi] so powerful that the Indian State looks helpless?” he said.

‘Pakistan better'

In his Zero Hour intervention following two adjournments during the Question Hour, Mr. Jaitley questioned the helplessness of the investigating agencies and said: “See what is happening in our neighbouring country [Pakistan] in pursuit of truth and how helpless we look.”

He emphasised that middlemen must be eliminated and probity ensured in public life.

Communist Party of India (Marxist) leader Sitaram Yechury said the Bofors issue that had “plagued” the country for 25 years was a “serious matter.” “If there is anything new, it must be investigated and government must make it public,” he said.

As several leader members sought permission to intervene, presiding officer P.J. Kurien disallowed them saying it was not a debate.

Samajwadi Party leader Mohan Singh said this was an important matter and the economic offender must be extradited and punished.

As Mani Shankar Aiyar rose to speak on behalf of the Treasury Benches, Opposition members questioned why he was being allowed when only leaders of parties in the House had been permitted to raise the matter. Naresh Agrawal (SP) said this amounted to partiality and demanded that everybody be given the opportunity to speak.

Noting that Mr. Jaitley had bemoaned the fact that unsuccessful efforts were being made to unearth the truth, Mr. Aiyar said: “We could not unearth the truth because of distortions and historic inaccuracies.”

Mr. Aiyar pointed out that no progress was made in the case from December 1989 to November 1990 (during V.P. Singh government as well as the National Democratic Alliance rule later). Mr. Jaitley intervened to counter this.

Though Mr. Jaitley had not named anyone, Mr. Aiyar said he had made serious allegations that needed to be replied to. On being asked by Bharatiya Janata Party members to name the individual, Mr. Aiyar said he had no problem in saying that Bofors incident took place during the period when Rajiv Gandhi was the Prime Minister.

This was followed by heated exchanges between the treasury and Opposition members, including the All India Anna Dravida Munnetra Kazhagam.

Nothing could be heard in the din and after several minutes of persuading Mr Aiyar to stay brief in his observations, Mr. Kurien adjourned the House.

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News Network
March 26,2020

Panaji, Mar 26: Three persons, all with travel history abroad, tested positive for coronavirus in Goa on Wednesday, health department officials said, as the tourist haven joined the states which have reported COVID-19 cases.

This is the first time the tourist state has reported coronavirus positive cases.

The Directorate of Health Services, in a late night press statement here, said three suspected cases of COVID-19 from Goa, whose test results were awaited, have turned out positive.

All three are male patients of ages 25, 29 and 55 years. They have travel history of returning to Goa from Spain, Australia and the USA, respectively, the officials said.

The condition of the trio, admitted in Goa Medical College and Hospital near here, is stable, the officials added.

Chief Minister Pramod Sawant said the state is providing the best healthcare facility to the diagnosed patients.

I have been informed by the state Directorate of Health services that three individuals have been tested positive for #COVID19 in Goa.

"We are providing the best healthcare facility to the diagnosed patients, he said.

Their condition is stable at present. e have also traced their contacts and are quarantining them, Sawant added.

Health Minister Vishwajit Rane said the government is taking all precautions and following guidelines related to the viral infection.

In view of the three positive coronavirus cases in Goa, we are following all guidelines laid down by the central government and taking all precautions with the support of chief minister Pramod Sawant, he said.

Our testing facility will be up and running in the next two days. Our team of doctors is doing its est to make sure we contain the spread of virus in the state, Rane added.

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Agencies
January 7,2020

New Delhi, Jan 7: Services at various bank branches and ATMs are likely to be affected as hundreds of employees will go on a bank strike across the country on Wednesday.

The bank strike is part of the Bharat Bandh call given by trade unions to protest against the labour reforms and economic policies of the Central government, according to reports.

The protestors' main demand during the Bharat Bandh is that the Centre should drop the proposed labour reforms.

A Bill in this regard was passed and proposes to merge 44 labour laws into four codes -- wages, industrial relations, social security, and safe working conditions.

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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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