PM an honest man, should 'clean up' his Cabinet: Ramdev

June 3, 2012

lead-fast


New Delhi, Jun 3: Terming Prime Minister Manmohan Singh an "honest person", yoga guru Ramdev today asked him to make his Cabinet "corruption free."

He threatened the government with a "fight to the finish" by August for bringing back black money stashed away abroad as also against corruption.

"The Prime Minister was forced to give statement on illegal mining. We all know that Manmohan Singh is a honest person and we all respect him. But people expect him to make his Cabinet corruption free...Please fulfil your democratic duties," Ramdev said at Jantar Mantar here at the joint one-day fast with Anna Hazare.

Recalling Singh's statement that hunger and malnutirtion are a 'national shame', he said mere statements will not solve the problem.

Referring to the issue of black money, he alleged that Rs 400 lakh crore of Indian money was stashed abroad and if the amount was brought back to the country, the nation would become "far superior" to China and the United States.

"We need to bring back black money. I appeal to the people of the country to join this fight. We are intensifying this fight. From today, we are intensifying our protest to bring back black money stashed abroad and want all of the countrymen to be part of the fight to finish by August," he said before the start of the fast.

He claimed that FDI in India worth Rs 20 lakh crore holds the "key" to people involved in stashing black money abroad. "If the government names the actual owners of the FDI, the puzzle to black money will be solved," he said.

Seeking answers to the fall of the rupee and dipping GDP from Finance Minister Pranab Mukherjee, Ramdev said the Indian economy will be strengthened if the black money is brought back and the youth are given ample employment opportunities.

Recalling the police crackdown on his supporters last year, Ramdev claimed it was "Ravan lila" played out at the Ramlila grounds.

"Even Mahatma Gandhi had said that India needs its own laws. But we still have British era laws like the one on land acquisition and the Police Act. We need swadeshi laws and remove the archaic laws," he said.

The yoga guru wondered why Team Anna and his followers are dubbed as "villains" when they speak against corruption and Lokpal as a mechanism to deal with it when Mahatma Gandhi was most vocal against graft.

He claimed efforts by the government to tarnish the image of Team Anna members and his aides had failed to break the movement against corruption.

"Whenever we talk of corruption, those in the power and leaders of the ruling party maintain that laws are not made on the streets...We are not against anyone...There is no family feud. All we need is a corruption-free India," he said.

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News Network
March 27,2020

Mumbai, Mar 27: Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that Monetary Policy Committee (MPC) has taken note of the global economic activity coming to a near standstill due to the coronavirus pandemic and added that large parts of the world could slip into recession in the coming days to the coronavirus crisis.
"The MPC noted that global economic activity has come to a near stand-still as COVID-19 related lockdowns and social distancing are imposed across a widening swath of affected countries. Expectations of a shallow recovery in 2020, from 2019's decade low in global growth, have been dashed," Das said.
"The outlook is now heavily contingent upon the intensity, spread and duration of the pandemic. There is a rising probability that large parts of the world will slip into recession," he added.
The RBI Governor further added that "the implied GDP growth of 4.7 per cent in Quarter 4 of 2019-20, in the second advance estimates of the National Statistics Office which was released in February 2020, within the annual estimate of 5 per cent for the year as a whole is now at risk."
As per the outlook for the year 2020-21, Das said, "Apart from continuing resilience of agriculture and allied activities most other sectors of the economy will be adversely impacted by the pandemic depending upon, its intensity, spread and duration."
Das also announced a reduction in the repo and reverse repo rates for banks.
"The repo rate has been reduced by 75 basis points to 4.4 per cent. The reserve repo rate has been reduced by 90 basis points to 4 per cent," Das said addressing the media.
The decision for "a sizeable reduction" in the policy repo rate, according to the RBI Governor was taken to "revive growth and mitigate the impact of COVID-19 and ensure financial stability." 

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Agencies
March 6,2020

New Delhi, Mar 6: After Yes Bank was placed under moratorium, digital payments were impacted as PhonePe, which depends on the cash-strapped lender for its transactions, could not operate.

It can be noted that the bank's own net banking facilities have not been operational since last evening. Other fintech operators who rely on Yes Bank to settle their transactions are also down.  “We sincerely regret the long outage. Our partner bank (Yes Bank) was placed under moratorium by RBI. Entire team's been working all night to get services back up asap (as soon as possible),” the app's chief executive Sameer Nigam tweeted early in the morning.

PhonePe, one of the country's largest digital payment platforms, is dependent on Yes Bank to process its transactions.

He added that the app hopes to be live in a “few hours”.

Yes Bank placed under a moratorium Thursday evening, with the RBI capping deposit withdrawals at Rs 50,000 per account for a month and superseding its board.

Yes Bank will not be able to grant or renew any loan or advance, make any investment, incur any liability or agree to disburse any payment.

For the next month, Yes Bank will led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.

He added that the app - one of the most popular interfaces for UPI transactions - hopes to be live in a “few hours”.

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News Network
February 19,2020

New Delhi, Feb 19: Delhi Chief Minister Arvind Kejriwal met Union Home Minister Amit Shah on Wednesday, their first meeting after the assembly polls in the national capital.

The meeting went on for over 20 minutes at Shah's residence. The meeting was earlier scheduled at the Home Ministry.

"Met Hon'ble Home Minister Sh Amit Shah ji. Had a very good and fruitful meeting. Discussed several issues related to Delhi. Both of us agreed that we will work together for development of Delhi," Kejriwal tweeted.

Shah had led the BJP offensive against Kejriwal in the Delhi Assembly polls in which AAP trounced the saffron party, bagging 62 of the 70 seats.

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