Saffron vs Saffron: 200 RSS workers attack BJP office in Indore

August 30, 2012

Indore/Bhopal, August 30: In what proved to be a major embarrassment for the party, about 200 Rashtriya Swayamsevak Sangh (RSS) workers attacked the Bharatiya Janata Party office in Indore on Tuesday night. For the RSS, the attack was to “teach the errant BJP a lesson”, but the BJP was at a loss to even react, not to mention lodging a complaint.

A local RSS leader said, “If a child starts eating mud, what will the mother do? She will not watch quietly, she will slap the child. And that is what the RSS has done.” It turned out that the ‘parent’ was angry with the ‘child’ over the transfer of a police officer credited with acting against a criminal.

On Tuesday night, the Sangh workers barged into the BJP party office at Jaora compound and ransacked the three-storey office. The few office staffers and party workers who were present either hid or ran away. Angry RSS workers raised slogans against state industries minister Kailash Vijayvargiya and MLA Ramesh Mendola and burnt chief minister Shivraj Singh Chouhan’s effigy.

Meanwhile, BJP leaders, including state president Prabhat Jha, chose to keep mum on the issue, given the sensitivity of the matter. This line of action, or rather inaction, was decided at a series of meetings held at the CM’s residence in Bhopal. Indore city unit president Shankar Lalwani was called to Bhopal to explain the situation. Apart from the CM, Jha and state BJP general secretary (organisation) Arvind Menon were also present at the meetings.

“This is an unfortunate incident. It is our internal matter. We briefed the CM about it,” Lalwani told HT RSS workers, however, continued to be vocal. “It’s about peace and order. Goonda elements are dominating. What happened was a reaction to the same,” said RSS’ Malwa Prant Sanghchalak Laxman Rao Nawathe.

Why RSS is angry?

The RSS is angry over additional SP Rakesh Singh’s transfer around a month ago. Singh had booked Manoj Parmar, a criminal, who had earlier accused BJP MLA Sudarshan Gupta and Sangh Seva Pramukh, Indore Mahanagar, Gopal Goyal, among others, of shooting at him while he was taking part in a religious procession on July 23. Parmar is supposed to have acted at the behest of state industries minister Kailash Vijayvargiya and MLA Ramesh Mendola.

Bjp_Against_Rss


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Agencies
March 15,2020

Financially troubled Yes Bank on Saturday reported a standalone net loss of ₹ 18,560.31 crore for the third quarter of the financial year 2019-20. This is amongst the biggest losses reported by the India Inc.

At present, the private lender is under a moratorium and is controlled by the office of the administrator appointed by the RBI.

The bank had reported a net profit of ₹1,001.85 crore during the corresponding period of the previous financial year.

Besides, the bank's total income fell to Rs 6,268.50 crore from Rs 8,849.81 crore earned during the October-December quarter of the previous fiscal.

On consolidated basis, Yes Bank reported a net loss of ₹18,564.24 crore for the December quarter from a net profit of Rs 1,000.57 crore in the corresponding period of the previous fiscal.

The independent auditor's review report on the consolidated results pointed out that there is a "material uncertainty related to going concern" of the bank.

"The said assumption of going concern is dependent upon the degree of success of the final reconstruction scheme, the quantum of capital infused into the bank and the bank's ability to stabalise its deposit balances post withdrawal of the moratorium by the RBI. Our conclusion is not modified in respect of this matter," the auditor said.

Furthermore, the bank recognised additional loans of ₹ 5,150.2 crore as NPAs and related provisioning requirements of ₹772.5 crore for the quarter ended December 31, 2019.

The bank has recognised an additional provisions of ₹15,422.0 crore in the quarter ended December 31, 2019.

Last week, the RBI placed Yes Bank under moratorium and capped the withdrawal limit at ₹50,000 till next Wednesday.

Additionally, the central bank also superseded Yes Bank's board of directors and appointed former SBI CFO Prashant Kumar as its administrator.

Meanwhile, Kumar has been appointed as the new Chief Executive Officer of the financially troubled lender. He will take over his new responsibilities once the moratorium on the stressed lender is lifted on Wednesday.

Apart from Kumar, Sunil Mehta, former non-executive Chairman of Punjab National Bank, will take over as the non-executive Chairman of Yes Bank.

Other board members include Mahesh Krishnamurthy and Atul Bheda, both as non-executive Directors.

Additionally, six private lenders have joined the SBI to rescue Yes Bank with Federal Bank committing ₹300 crore by subscribing to 30 crore shares of ₹2 each at a premium of ₹8 per equity share.

The six private lenders have now committed an investment of ₹3,700 crore in the cash-strapped private sector bank.

On Friday, ICICI Bank and Housing Development Finance Corporation (HDFC) Ltd had announced that they will be investing ₹1,000 crore each in Yes Bank's equity. Axis Bank and Kotak Mahindra Bank will be investing ₹ 600 crore and ₹500 crore, respectively, while Bandhan Bank will invest ₹300 crore.

The SBI board has already approved up to 49 per cent stake purchase in Yes Bank, as per the RBI's reconstruction scheme for the lender. It had said on Thursday that an investment of ₹7,250 crore would be made in Yes Bank to pick up₹ 725 crore equity shares.

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News Network
May 26,2020

Kasaragod, May 26: Amid relaxation of COVID-19 lockdown norms, Secondary School Leaving Certificate (SSLC) and vocational higher secondary education (VHSE) examinations resumed in Kerala on Tuesday.

Schools in the state maintained social distancing norms and other precautionary measures amid the examination. Hand sanitisers were also provided at the centres while wearing face masks was made mandatory for all students.

Students at VHSS Manacaud High School in Thiruvananthapuram were encouraged to follow social distancing norms while they also underwent thermal screening before entering the examination centre.

In Kerala, VHSE and SSLC exams began today. While VHSE is scheduled in the morning, the SSLC exam is held in the afternoon session.

Senior secondary exams are scheduled to begin in the state from May 27.

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News Network
March 5,2020

New Delhi, Mar 5: Retirement fund body EPFO on Thursday lowered interest rate on provident fund deposits to 8.5 per cent for the current financial year, said Labour Minister Santosh Gangwar on Thursday.

The EPFO had provided 8.65 per cent rate of interest on EPF for 2018-19 to its around six crore subscribers. The decision was taken at a meeting of the the Employees' Provident Fund Organisation's (EPFO) apex decision making body -- the Central Board of Trustee.

"The EPFO has decided to provide 8.5 per cent interest rate on EPF deposits for 2019-20 in the Central Board of Trustees (CBT) meeting today," Gangwar told reporters after the meeting here.

Now, the labour ministry requires the finance ministry's concurrence on the matter. Since the Government of India is the guarantor, the finance ministry has to vet the proposal for EPF interest rate to avoid any liability on account of shortfall in the EPFO income for a fiscal.

The finance ministry has been nudging the labour ministry for aligning the EPF interest rate with other small saving schemes run by the government like the public provident fund and post office saving schemes.

The EPFO had provided 8.65 per cent rate of interest to its subscribers for 2016-17 and 8.55 per cent in 2017-18. The rate of interest was slightly higher at 8.8 per cent in 2015-16.

It had given 8.75 per cent rate of interest in 2013-14 as well as 2014-15, higher than 8.5 per cent for 2012-13.

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