Team Anna spreading canards about me: PM

June 5, 2012

Mohan__AnnaNew Delhi, June 5: First, Congress president Sonia Gandhi lit into the Opposition; then a combative Prime Minister Manmohan Singh took on Team Anna, without naming it, for the second time in a week, sharply attacking its members for spreading “canards and falsehoods” about him and his senior Ministers. On Monday, as the extended Congress Working Committee (CWC), the party's apex decision-making body, met at the Parliament House Annexe here, the two top leaders concentrated their firepower not just on their political rivals, but on all those holding them responsible for a range of ills, from corruption to policy paralysis.

But if the duo's sights were set on the government's critics, most of the 42 speakers at the day-long meeting, CWC sources told The Hindu, stressed that charges of corruption and high prices — including the recent hike in the petrol price — were together devastating the government and the party. This even though the Prime Minister spoke of his government taking “action on multiple fronts” to tackle “the menace of corruption” and Finance Minister Pranab Mukherjee explained how the prices of petroleum products could be rationalised with the cooperation of State governments, while giving the CWC members an overview of the grim economic situation and the steps planned to reverse it. Member after member said it was getting difficult to justify to their constituents the massive hike in petrol price.

Though there was no dissent, there was a great deal of candour, reflecting the desire in the party for changes that could dramatically lift the Congress' sagging fortunes.

Haryana Chief Minister Bhupinder Singh Hooda, CWC sources said, suggested another “Kamaraj Plan” (in 1963, senior Congress leader K. Kamaraj had suggested that all senior party leaders quit their ministerial posts to devote their energies to re-vitalise the Congress). Offering his own resignation as a start, Mr. Hooda urged Ms. Sonia Gandhi to take tough decisions like Indira Gandhi.

Several speakers, including special invitee Mohinder Singh Kaypee, also underscored the need for younger leaders to come forward, with CWC permanent invitee and former Chhattisgarh Chief Minister Ajit Jogi saying Congress general secretary Rahul Gandhi must play a larger role in the party. Asked whether the subject of greater responsibilities for younger people was raised, Mr. Mukherjee told journalists: “The discussion was informative; members were candid. Younger leaders will have to come forward — the older chaps cannot continue for ever.”

Coalition blues

The problems of dealing with coalition partners also surfaced, with Maharashtra Pradesh Congress Committee president Manikrao Thakre and his West Bengal counterpart Pradip Bhattacharya complaining about the Nationalist Congress Party and the Trinamool Congress — parties with which the Congress shares power in the two States: the two men, separately, the CWC sources said, expressed the view that the Congress should go it alone and build up its own organisations.

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News Network
January 21,2020

Jan 21: Indian policymakers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home.

Investors are speculating about potential steps Finance Minister Nirmala Sitharaman could unveil when she presents the nation’s budget on Feb. 1. These measures may include freeing up firms to borrow at higher rates and offering tax breaks to global funds.

“The government will need to relax local rules to make it easier for Indian companies to raise debt overseas and tide over the funding crunch in the onshore market,” said Raj Kothari, London-based head of trading at Jay Capital Ltd. “At the same time, they need to ensure that the borrowers tapping offshore markets abide with stricter corporate governance so as to avoid further defaults.”

A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding. The government has tried a series of measures to spur domestic credit, including providing so-called credit enhancement and allowing tiny firms to restructure debt.

Here are some steps Sitharaman may consider to spur foreign borrowing:

• She could raise the cap of 450 basis points above Libor, which limits overall foreign debt costs for Indian companies

• This could help lower-rated firms sell bonds abroad. Indian companies rated BBB currently borrow at more than 10%, about 3.8 percentage points more than their top-rated peers;

• Sitharaman could waive the withholding tax foreign investors need to pay on holdings of rupee-denominated debt sold by Indian companies abroad

• The waiver was offered between September 2018 to March 2019, but wasn’t extended as the highest global interest rates since the financial crisis deterred Indian borrowers. Since then, the three-month Libor has dropped by about 1 percentage point

• She could permit Indian property developers and housing finance lenders to sell overseas bonds for reasons beyond affordable housing projects

• New funding lines to the real estate sector, arguably ground zero of India’s economic slowdown, could help kickstart consumption and investment as the industry is the nation’s biggest job-creator.

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News Network
January 29,2020

Mumbai, Jan 29: Unfazed by his suspension from flying on Tuesday, stand-up comedian Kunal Kamra on Wednesday claimed that he once again approached television journalist Arnab Goswami, who he said was his co-passenger on a flight from Lucknow, for an "honest discussion" but was turned away.

Kamra tweeted in the morning that "Arnab Goswami was again travelling in his flight while returning from Lucknow". "I again asked him politely if he wants to have a honest discussion he with his verbal arrogant hand jester he asked me to move away & I did that (sic)," he tweeted.

The comedian was suspended from flying by IndiGo and Air India on Tuesday after he allegedly heckled Goswami aboard a Mumbai-Lucknow plane and posted a video clip on his Twitter handle.

While IndiGo suspended Kamra from flying with it for a period of six months, Air India banned him until further notice.

In a statement released on Twitter after he posted the video, Kamra said he did "exactly what Republic TV journalists do to people in their private/public spaces". Kamra stated he had not done anything criminal by allegedly heckling Goswami.

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Agencies
July 29,2020

New Delhi, Jul 29: Calling touchdown of Rafale fighter aircraft at Ambala airbase as "historic day" for Indian Air Force and proud moment for India, Union Home Minister Amit Shah on Wednesday said that "world-class fighter jets will prove to be a game-changer".

In a series of tweets, Shah congratulated Prime Minister Narendra Modi, Defence Minister Rajnath Singh, Indian Air Force and the entire country on this "momentous day".

"Rafale touchdown is a historic day for our vigorous @IAF_MCC and a proud moment for India! These are the world's most powerful machines capable to thwart any challenge in the sky. I am sure Rafale will help our Air warriors to safeguard our skies with its mighty superiority," Shah said in a tweet.

"From speed to weapon capabilities, Rafale is way ahead! I am sure these world class fighter jets will prove to be a game changer. Congratulations to PM @narendramodi ji, DM @rajnathsingh ji, Indian Air Force and the entire country on this momentous day. #RafaleInIndia," he added.

Shah said that Modi government is committed to build India's defence capabilities.

"Induction of these next generation aircrafts is a true testimony of PM @narendramodi's resolve to make India a powerful and secure nation. Modi govt is committed to build on India's defence capabilities. I thank honourable PM for providing this unprecedented strength to our IAF," he tweeted.

Earlier today, the five French Rafale fighter jets touched down at Haryana's Ambala after covering a distance of nearly 7,000 km to join the Indian Air Force.

The jets were given a customary water salute upon their arrival at the airbase, some 220-km from the India-Pakistan border.

The formal induction ceremony of the aircraft would be held later. The aircraft would move out soon to another operational base for operational sorties.

The five Rafale fighter aircraft took off on Monday for India from an airbase in France.
Rafale has multi-directional radar system which can detect 40 targets at the same time in a range of over 100 Kms. It has advance radar warning receiver to identify hostile tracking system a towed decoy system to thwart incoming missile attacks.

Rafale will ensure that our pilots will not have to cross the border to strike the target, that is about 600 Km in enemy territory.

It will get French industrial support for 50 years. India had signed a deal worth over Rs 60,000 crore with France in September 2016 for 36 Rafales to meet the emergency requirements of the IAF.

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