Raza Academy, Muslim groups apologize for violence

August 12, 2012

razaac

Mumbai, August 12: Mumbai's liberal Raza Academy Sunday offered unconditional apology to the the media and Mumbaikars for the widespread violence Saturday and sought forgiveness.

"The people who indulged in violence cannot be Muslims. No Muslim would dare to do anything like this during a Ramzan fast. Some mischief mongers have taken advantage of the situation," Raza Academy president Mohammed Saeed Noori told IANS.

He said Raza Academy and others - All India Sunni Jamaitul Ulema, All India Sunni Ayema-e-Masajid, Jamaat-E- Razae Mustafa and another 20 Sunni Muslim groups - felt "deeply ashamed" over Saturday's violence after a protest march against attacks on Muslims in Assam and Myanmar.

On behalf of everyone, he sought "forgiveness" of the police and the media which have always supported different causes in the past.

Founded in 1978 and generally regarded as a secular outfit, the Raza Academy's reputation suffered a serious setback after Saturday's violence left two people dead and another 100, including 45 policemen, injured.

Ahmed Raza, one of the organisers, took pains to explain that they had never anticipated such a large turnout for the procession. They had thought around 2,000 would participate.

"We have ordered only 1,500 chairs for the public meeting at Azad Maidan in the afternoon but the huge turnout from all over Mumbai shocked us," Raza told IANS.

Awami Vikas Party chief Shamsher Pathan, which had supported the procession, said the violence was "highly deplorable but nipped in the bud".

"I helped police to prevent the crowds from rushing towards CST and diverted them towards New Marine Lines, from the rear side of Azad Maidan," Pathan, a former assistant commissioner of Mumbai police, told IANS.

"I also appealed on the mike to the groups which were outside the Azad Maidan not to attack the media and police. Simultaneously, with police help, we diverted the 20,000 people inside the Azad Maidan precincts to leave the venue from the backside, towards New Marine Lines.

"If they had gone out of the front side, with angry police and media in confrontation with the rioters, it could have been another Jallianwala Bagh," Pathan told IANS.

Meanwhile, prominent peace activists including retired Admiral L. Ramdas and film-maker Mahesh Bhatt Sunday condemned Saturday's attack on the media as "mindless and shameless action by misguided individuals".

"Using violence in a protest against violence is an insult to the suffering victims in whose support the protest was purportedly called," a statement said.

They urged the government and police to take exemplary action against the guilty. The other signatories to the statement included Jatin Desai, Lalita Ramdas, Mazher Hussain, Ram Punyani and Kamla Bhasin.


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News Network
May 22,2020

New Delhi, May 22: Reserve Bank Governor Shaktikanta Das on Friday extended the moratorium on payment of loans by another three months till August to provide much-needed relief to borrowers whose income has been hit due to the coronavirus crisis.

In March, the central bank had allowed a three-month moratorium on payment of all term loans due between March 1, 2020, and May 31, 2020.

Accordingly, the repayment schedule and all subsequent due dates, as also the tenor for such loans, were shifted across the board by three months.

As a result of this moratorium, individuals’ EMI repayments of loans taken were not deducted from their bank accounts, providing much-needed liquidity.

The EMI payments will restart only once the moratorium time period expires on August 31.

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Agencies
January 15,2020

Mumbai, Jan 15: The Reserve Bank of India (RBI) on Wednesday redistributed portfolios of Deputy Governors following the appointment of Michael Debabrata Patra to the post.

An official release said that NS Vishwanathan will handle co-ordination, Department of Regulation (DOR), Department of Communication (DoC), Enforcement Department, Inspection Department (ID), Risk Monitoring Department (RMD), and Secretary's Department.

BP Kanungo will look after Department of Currency Management (DCM), Department of External Investments and Operations (DEIO), Department of Government and Bank Accounts (DGBA), Department of Information Technology (DIT), Department of Payment and Settlement Systems (DPSS), Deposit Insurance and Credit Guarantee Corporation (DICGC), Foreign Exchange Department (FED), Internal Debt Management Department (IDMD), Legal Department (LD) and Right to Information (RIA) Division.

The release said that MK Jain will handle the Department of Supervision (DOS), Consumer Education and Protection Department (CEPD), Financial Inclusion and Development Department (FIDD), Human Resource Management Department (HRMD), HR Operations Unit (HR-OU), Premises Department (PD), Central Security Cell (CSC), and Rajbhasha Department.

Patra will look after the Monetary Policy Department including Forecasting and Modelling Unit (MPD/MU), Financial Markets Operations Department (FMOD), Financial Markets Regulation Department including Market Intelligence (FMRD/MI), International Department (Intl. D), Department of Economic and Policy Research (DEPR), Department of Statistics & Information Management (including Data and Information Management Unit) (DSIM/DIMU), Corporate Strategy and Budget Department (CSBD) and Financial Stability Unit.

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News Network
June 24,2020

New Delhi, Jun 24: Over 1,500 urban and multi-state cooperative banks will be brought under the supervisory power of the Reserve Bank of India (RBI), said Union Minister Prakash Javadekar on Wednesday.

"Government banks, including 1,482 urban cooperative banks and 58 multi-state cooperative banks, are now being brought under supervisory powers of Reserve Bank of India (RBI); RBI's powers as they apply to scheduled banks will apply for cooperative banks as well," Javadekar said at a press conference, through video conferencing.

"The decision to bring 1,540 cooperative banks under RBI's supervision will give an assurance to more than 8.6 crore depositors in these banks that their money amounting to Rs 4.84 lakh crore will stay safe," he added.

The Minister of Information and Broadcasting further said that the Union Cabinet has approved a scheme "for interest subvention of 2 per cent to Shishu loan category borrowers under Pradhan Mantri Mudra Yojana, outstanding as on March 31, 2020, for one year to eligible borrowers."

The Minister also said that the Union Cabinet has approved the declaration of Kushinagar Airport in Uttar Pradesh as an international airport.

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