Govt keen to push bills on food security, land acquisition

September 24, 2012

Salman_Khurshid

New Delhi, September 24: After the big-bang reforms, law minister Salman Khurshid on Sunday indicated government's keenness to push bills on food security and land acquisition, insisting that even Mamata Banerjee will not be able to oppose them.

He maintained that "the bills drive a deft political balance between populism and reforms".

"The draft (food security) bill is being given the final touches by the Cabinet. This will ensure that poor will have their stomachs full. Nobody will sleep hungry. And when the law comes into force, people will get good food at low prices. 70 per cent of India will come into the ambit. We want to see which party can oppose the food bill," Khurshid said.

The proposed Food Security Bill is estimated to cost the exchequer at least Rs 1.19 lakh crore in way of subsidy.

"We will also table the Land Acquisition Bill. This was (Trinamool Congress chief) Mamata's agenda at Singur. Can she oppose the Bill now? We are confident that SP and other allies will back this bill. So there's no cause of concern about numbers in Parliament," Khurshid said in an interview on Aaj Tak channel.

The minister also said the National Rural Health Mission (NHRM) will very soon be extended to the urban class .

Rebutting talk of running a minority government, he said "these Bills will have political consensus — driving a deft political balance between populism and reforms".

Refusing to accept that there was a scam in coal block allocations, he said, "When there are incidents of rapes in the country, do we call India a rape capital. There is no coal scam. There could have been discrepancies in allocations. This is being probed."

Asked why UPA-II took three years "to shake off policy paralysis" and announce the reforms, the Union minister said, "It's all about timing. The move wasn't sudden. We have to keep in mind when we make friends, anticipate when ties could snap and what alternatives we have," he said.

On the opposition to FDI in retail, he said, "BJP had even created a cabinet note on FDI. Another had even mentioned it in their manifesto. Why this U-turn now?" he asked.

Dispelling fears that retail giant Wal-Mart would monopolize the market and shut down the local kirana stores, he said, "the Competition Commission will intervene if monopoly strikes root."

On the coal allocation issue, he said, "Those who didn't get coal blocks didn't object about being denied. So where is the scam? There is no conflict of interest in making recommendations. The CBI is already investigating the case. And remember the CAG has clarified it did not say competitive bidding was the only option to allocate blocks."

Khurshid tried to cap the controversy by saying, "A five-judge Supreme Court bench will give its verdict on competitive bidding. If the court says CAG was right, we will accept the judgment."


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News Network
February 14,2020

New Delhi, Feb 14: AAP convenor Arvind Kejriwal has invited Prime Minister Narendra Modi to his swearing-in ceremony scheduled to take place at the Ramlila Maidan on February 16, senior party leader Gopal Rai said on Friday.

Rai, the convenor of the Aam Aadmi Party's Delhi unit, said a letter was sent to the prime minister on Friday morning.

All seven Delhi MPs and eight newly-elected BJP MLAs have also been invited for the oath-taking ceremony, Rai told news agency.

No chief minister or political leaders from other states will be part of the event as it will be a "Delhi-specific" ceremony, Rai had said on Thursday.

Kejriwal, through front-page advertisements in newspapers, has urged Delhiites to attend his oath-taking ceremony as he is set to become the chief minister of Delhi for the third consecutive term.

Kejriwal will take oath as Delhi Chief minister along with his cabinet at Ramlila Maidan at 10 am on Sunday.

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News Network
July 2,2020

New Delhi, Jul 2: India's COVID-19 tally breached the 6 lakh cases mark with 19,148 new coronavirus cases being reported in the last 24 hours, informed the Union Ministry of Health and Family Welfare on Thursday.

The total cases now stand at 6,04,641 of which there are 2,26,947 active cases while 3,59,860 patients have been cured/discharged/migrated.

434 deaths have been reported in the last 24 hours taking the number of COVID-19 deaths in the country to 17,834.

Maharashtra, the worst-hit state, has a total of 1,80,298 cases including 8,053 fatalities. Meanwhile, Tamil Nadu has 94,049 cases inclusive of 1,264 deaths.

Delhi has 89,802 coronavirus cases including 2,803 deaths.

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News Network
March 13,2020

Mumbai, Mar 13:  Investor wealth worth nearly Rs 12 lakh crore was wiped out in less than 15 minutes of trading on the stock exchanges on Friday, with the two benchmarks, the BSE Sensex and the NSE Nifty, crashing over 10 per cent.

The 30-share BSE Sensex plummeted 3,380.59 points, or 10.31 per cent, to 29,397.55. It hit an intra-day low of 29,388.97, falling up to 3,389.17 points.

Trading was halted for 45 minutes in the early session after the index hit its lower circuit limit.

The BSE and NSE benchmark indices, however, pared most losses with the Sensex trading 835.40 points, or 2.55 per cent, lower at 31,942.74, and the Nifty was down 253.25 points or 2.64 per cent at 9,336.90 at 10.40 am.

The mayhem on Dalal Street eroded investor wealth worth Rs 12,92,479.88 crore, taking the total m-cap to Rs 1,12,78,172.75 crore on the BSE at 1020 hours.

The m-cap of BSE-listed companies stood at Rs 1,25,70,652.63 crore at the end of trading on Thursday.

Traders said besides global selloff, incessant foreign fund outflows also weighed on investor sentiments.

On a net basis, foreign institutional investors sold equities worth Rs 3,475.29 crore on Thursday, data available with stock exchanges showed.

On the BSE, 1,279 scrips declined, while 193 advanced and 40 remained unchanged.

Volatility heightened in global markets as benchmarks world over went into panic mode, insinuating a freakish selloff.

Bourses in Shanghai dropped over 3.32 per cent, Hong Kong 5.61 per cent, Seoul 7.58 per cent and Tokyo cracked up to 7.97 per cent.

Wall Street lost 10 per cent in overnight trade.

More than 1,30,000 cases of the novel coronavirus have been recorded in 116 countries and territories, killing at least 4,900 people.

The number of coronavirus patients in India has risen to 74, as per the health ministry.

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