Can’t afford a car? 67% of UP MLAs are crorepatis

July 5, 2012

MLAcrore

Lucknow, July 5: Having invited comparisons with Mayawati's profligate ways, a rattled UP chief minister Akhilesh Yadav on Wednesday reversed his decision to allow all legislators to purchase four-wheelers worth up to Rs 20 lakh by dipping into their local area development fund.

This is the second time in three weeks that Akhilesh has been forced to revoke his decision within 24 hours. Last month, he rescinded his order of shutting down malls and shops at 7pm to tackle the power crisis.

"I take back the decision. The reason for this is that most of the MLAs have decided not to take the offer after media criticism," a visibly upset Akhilesh said. "I felt that since MLAs have to move constantly, a vehicle will help them visit remote areas and monitor development effectively. But the media painted the decision as if it was against public interest," he said. The spirit of the decision, he added, was not understood.

An upset Akhilesh Yadav defended his "car fund" for legislators as meant only for those who could not afford one, but the chief minister's argument doesn't really wash.

According to analysis by an NGO, out of 403 MLAs in UP, 271 (67%) are crorepatis. There are only six MLAs who have declared assets less than Rs 5 lakh. Among the main parties, the average assets per candidate for SP is Rs 2.52 crore; for BSP it's Rs 4.44 crore; for BJP it's Rs 4.01 crore; and for Congress Rs 4.61 crore.

Akhilesh said many legislators had told him that they had vehicles that were seven to eight years old and were no longer suited to travelling large distances. It was after the media hype that MLAs refused to buy a car with the area development fund, he said.

But incongruously, after blaming the media, Akhilesh said the rollback should be seen as a sign of healthy democracy where due weightage is given to the "positive" suggestions by the opposition parties.

BSP's leader of opposition Swami Prasad Maurya welcomed the move but gave credit to the opposition for the rollback. He said the opposition pressure forced the government to revoke its decision to use MLA funds for buying personal cars.

"This and his earlier decision to shut malls at 7pm show that the CM is immature," he said, adding some ministers were the real force behind the decision.

BJP spokesman Vijay Bahadur Pathak said there was something wrong with Akhilesh's advisers. The Congress, however, was all praise.

Akhilesh Pratap Singh of Congress said, "By taking the decision back, the government has shown it has the courage to rectify a wrong as everyone said it would not send a good message."

Among main parties, the average assets per candidate for SP is Rs 2.52 crore; for BSP it's Rs 4.44 crore; for Congress Rs 4.61 crore, and for BJP it's Rs 4.01 crore.


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News Network
April 11,2020

New Delhi, Apr 11: With 40 deaths and 1,035 new COVID-19 cases in the last 24 hours, India on Saturday witnessed a sharpest ever increase in coronavirus cases, taking the tally of the infected people in the country to 7,447, as per the Ministry of Health and Family Welfare on Saturday.

According to the official data, among 7447 COVID-19 positive cases, 6,565 are active cases and 643 are cured, discharged and migrated and 239 patients who have succumbed to the virus.

Maharashtra has reported the highest number of cases in the country which stands at 1,574, including 188 cured and discharged and 110 deaths, followed by Tamil Nadu with 911 corona positive cases.

On the other hand, the national capital has reported 903 cases, which include 25 recovered cases and 13 deaths.

While 553 have detected positive for the infection in Rajasthan, Telangana has 473 corona cases and Chhattisgarh and Chandigarh have reported 18 cases each.

Uttar Pradesh and Haryana, that borders the national capital, has 431 and 177 cases, respectively.
Kerala, which reported India's first coronavirus case, has 364 confirmed cases.

The newly carved union territories -- Ladakh and Jammu and Kashmir--- have 15 and 207 cases, respectively.

The least number of COVID-19 cases have reported from the northeast region of the country. While Arunachal Pradesh, Mizoram, and Tripura have only 1 corona positive case, Assam has 29 people infected with the virus, which is the highest in the region.

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Agencies
March 15,2020

New Delhi, Mar 15: The new rules for debit and credit cards to increase security and reduce frauds kick in from Monday. In January, the Reserve Bank of India (RBI) had issued new rules to improve user convenience and increase the security of card transactions. These rules will help in curbing the misuse of debit and credit cards.

RBI has directed banks to allow only domestic card transactions at ATMs and PoS terminals in India at the time of issuance/reissuance of card. For international transactions, online transactions, card-not-present transactions and contactless transactions, customers will have to separately set up services on their card.

These rules will be applicable for new cards from March 16. Those with old cards can decide whether to disable any of these features.

As per the existing rules, these services used to come automatically with the card, but now it will start at the request of the customer.

Debit or credit card customers who have not yet done any online transaction, contactless transaction or international transaction with the card, then these services on the card will automatically stop from March 16.

The Reserve Bank has asked all banks to provide mobile banking, net banking option to enable limit and enable and disable service 24 hours a day, seven days a week.

If the customer makes any change in the status of the card, the bank will alert the customer through SMS/email and send the information.

Issuers shall provide to all cardholders facility to switch on/off and set/modify transaction limits (within the overall card limit, if any, set by the issuer) for all types of transactions -- domestic and international, at PoS/ATMs/online transactions/contactless transactions, etc.,

The provisions, however, are not mandatory for prepaid gift cards and those used at mass transit systems.

The latest instructions come in the wake of rising instances of cyber frauds and the huge increase in the use of cards.

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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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