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
April 30,2020

Bengaluru, Apr 30: Shares of Glenmark Pharmaceuticals Ltd rose almost 9% on Thursday after the Indian drugmaker got an approval to conduct clinical trials with antiviral drug favipiravir, seen as a potential treatment for COVID-19.

Favipiravir, manufactured under the brand name Avigan by a unit of Japan's Fujifilm Holdings Corp and approved for use as an anti-flu drug in the Asian island country in 2014, has been effective, with no obvious side-effects, in helping coronavirus patients recover, a Chinese official told reporters at a news conference last month.

"After having successfully developed the API and the formulations ... Glenmark is all geared to immediately begin clinical trials on favipiravir on COVID-19 patients in India," Sushrut Kulkarni, executive vice-president for Global R&D, Glenmark Pharmaceuticals, said in a statement. 

The Drug Controller General of India, the country's drug regulator, did not immediately respond to Reuters request for comment.

On Wednesday, another Indian pharmaceutical company, Strides Pharma Science Ltd, said it had developed and commercialized favipiravir antiviral tablets, and had applied to Indian drug authorities to start trials.

Shares of Mumbai-based Glenmark Pharmaceuticals, which rose as much as 8.9% to 359 rupees ($4.78), was trading up 5.9%, as of 0407 GMT.

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Agencies
April 14,2020

Kochi, Apr 14: Reacting to the extension of the nationwide lockdown till May 3, Kerala Finance Minister Thomas Issac on Tuesday maintained that his state needs money more than appreciation for the work it has done to mitigate the impact of the lockdown and contain coronavirus spread.

"The only additional money that Kerala received is mere Rs 230 crore and that too for Covid-19 work. The funds we received to tide over revenue deficit is different -- we would have got it anyways," said Issac, who has been demanding more liberal financial assistance from the Centre.

"The need of the hour now is for the Centre to immediately hold a videoconference meeting with all state Finance Ministers. The Centre should borrow more money from the RBI and give it to the states. Otherise, things will be very bad, as the economy, especially rural economy, is tumbling. It needs to be checked," said the Kerala Minister.

Devasom and Tourism Minister Kadakampally Surendran said the state Cabinet will meet on Wednesday to decide how to go about things till May 3.

"The coronavirus figures reveal that Kerala has done quite well. The Cabinet will decide on how we move forward after looking into the guidelines of the Centre," said Surendran.

Local Self Government Minister A.C. Moideen said that local farm produce has to reach markets as rural economy revolves around this. The Cabinet will look into this issue as well.

Health Minister K.K. Shailaja stressed the need for maintaining social distancing and asked all to see that the lockdown guidelines were strictly followed.

"Our advantage is that we have been able to contain the spread, but we still have a long way to go. Singapore is the best example -- after a slowdown in positive cases, it picked up there. So, let us all continue to maintain strict vigil and wait till Wednesday's Cabinet meet," said Shailaja.

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Agencies
January 26,2020

New Delhi, Jan 26: Prime Minister Narendra Modi on Sunday extended his greetings to the people on the occasion of the 71st Republic Day.
"Wishing everyone a happy #RepublicDay," PM Modi tweeted in English as well as Hindi.

Celebrations will be held all across the country to mark the day.

On this day, 70-year back, India officially adopted its Constitution.

The 90-minute Republic Day ceremony will commence with Prime Minister Narendra Modi visiting the National War Memorial near the India Gate.

After paying tributes to the martyrs, the prime minister and others would head to the Rajpath.

The parade for the Republic Day will begin on Rajpath with President Ram Nath Kovind unfurling the national flag with a 21-gun salute.

Brazilian President Jair Messias Bolsonaro is the chief guest at the parade

India's military might, cultural diversity, social and economic progress will be displayed during the Republic Day celebrations.

For the first time, a contingent of women bikers of CRPF will perform daredevil stunts. The Dhanush artillery will also be displayed for the first time during the Republic Day parade.

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