Narendra Modi hits out at Congress-led UPA govt, compares it to 'termites'

March 3, 2013

Narendra_Modi

New Delhi, Mar 3: Against the backdrop of a growing chorus for making him the BJP's prime ministerial candidate, Gujarat chief minister Narendra Modi today lashed out at the "commission-seeking" Congress-led UPA government which is destroying the nation like a termite and dubbed Prime Minister Manmohan Singh as a "night watchman" for the Gandhi family.

Modi was scheduled to speak on good governance in Gujarat, but he used the forum at the BJP conclave here to lambast the UPA government and the Congress in his one-hour speech.

"Congress is destroying this country like termites. It is very difficult to deal with termites - you finish them in one place and they rise in another. The only medicine for this ailment is sweat of the BJP worker. Only this sweat can free this nation from the termite that is the Congress," Modi said in his speech, amid applause from the gathering.

In what sounded virtually like an election speech, Modi said the time has come to throw out the Congress and bring in a government that is sensitive towards the sufferings of the people.

Attacking the Congress for scams like the VVIP helicopter deal and 2G spectrum, Modi said, "The time has come to draw a comparison between the Congress and the BJP. While BJP is for a mission, Congress is for commission. The contest will be between mission and commission."

Modi also alleged that the Congress tradition has been to sacrifice the nation's interest for the sake of one family.

Without naming Prime Minister Manmohan Singh, he said the Congress appointed a "night watchman" to keep the seat warm for the first family of the Congress.

"They did not realize that the night will be so long and dark. As a buffer, they appointed an economist to the post," he said.

Modi's address stood out in sharp contrast to that of his Madhya Pradesh and Chhattisgarh counterparts Shivraj Singh Chouhan and Raman Singh. While the two chief ministers stuck to highlighting achievements of their governments, Modi dwelled on national issues.

The Talkatora Indoor Stadium was jam-packed when Modi delivered his speech.

Modi said that though Pranab Mukherjee was more deserving, the Congress did not make him the Prime Minister and chose Manmohan Singh. "They realized that if Pranab Mukherjee is successful then what will happen to the (Gandhi) family."

The Gujarat chief minister also criticized the National Advisory Council, headed by Congress president Sonia Gandhi, as one which is filled with people belonging to the "five- star" culture and having "total disconnect" with the people.

Modi, who may be given a prominent role in national politics by the BJP later this month by inducting him into the parliamentary board of the party, said it is a very big challenge and a matter of concern that the UPA government is there at the Centre.

"There is no feeling of whether there is a government or not. It is not in the Congress character or in their blood to do something for the nation," he alleged.

Earlier, Modi began his speech by thanking BJP president Rajnath Singh for felicitating him yesterday and attributed his third consecutive victory in Gujarat Assembly elections to the guidance of the national party leadership, party workers and the people of his state.

"This is a victory of the BJP's ideology and of its political culture," he said.

Modi praised the performance of the BJP governments in Madhya Pradesh, Chhattisgarh and Goa.

"My experience in Gujarat has been that the country has decided to move ahead. People of the country have decided to throw out the Congress. Our only concern is to fill the places vacated by the Congress with the right people," Modi said.

He also asked the party workers to rise above leadership issues and work tirelessly to bring the BJP to power.

"We should go from here with the pledge that we will contribute all our might for the party. BJP and lotus, the symbol of the BJP, have the strength to save this nation. Who is the individual, who is the leader does not matter. The aim is important. We have no right to disappoint the people," Modi said.

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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
January 24,2020

Kochi/Mumbai, Jan 24: Two students who recently returned from China have been kept under medical observation at the Ernakulam Government Medical College here for possible exposure to the coronavirus, an outbreak of which in China has triggered a global health scare.

Reports from Mumbai said two persons there too have been put observation at the civic-run Kasturba Hospital in Chinchpokali, PTI reported.

Health officials said no cases of the deadly infection have been detected.

One of the students being screened in Kerala and both being screen in Mumai have reported symptoms such as cold and fever and has been kept in isolation wards.

The additional district medical officer of Ernakulam, Dr S Sreedevi, said samples of the student’s body fluids would be sent to the National Institute of Virology in Pune for tests.

The youngster consulted a doctor at a private hospital and was referred to the Ernakulam hospital in the wake of the virus outbreak in Wuhan city of China.

A stringent screening system has been set up at the Kochi International Airport to screen passengers who have been in the affected province in China. Persons who have been to Wuhan and showing symptoms of cold, cough and fever are being immediately shifted to the Ernakulam hospital.

All quariantine facilities have been put in place there including an isolation ward and a ventilator.

The other person under observation in Kerala is an MBBS student from Kottayam district who recently returned from his college in China. The district medical office said she has no health issues. She was put under observation as a precautionary measure.

In Mumbai, 1,789 passengers have undergone thermal screening at the Chhatrapati Shivaji Maharaj International Airport for the coronavirus since January 19.

Coronavirus cases were first reported from Wuhan, the capital of central Chinas Hubei province in China.

In the wake of the coronavirus outbreak in China, doctors at international airports have been asked to screen travellers for symptoms if they are returning from China. All private doctors have been asked to alert the authorities if they observe symptoms of the coronavirus.

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News Network
April 22,2020

New Delhi, Apr 22: Prime Minister Narendra Modi on Wednesday said that The Epidemic Diseases (Amendment) Ordinance, 2020, manifests his government's commitment to protecting healthcare workers braving COVID-19 on the frontline.
"The Epidemic Diseases (Amendment) Ordinance, 2020, manifests our commitment to protect each and every healthcare worker, who is bravely battling COVID-19 on the frontline. It will ensure the safety of our professionals. There can be no compromise on their safety!," Prime Minister Modi tweeted.
The Central government on Wednesday brought an ordinance to end the violence against health workers, making it a cognizable, non-bailable offence with the imprisonment of up to seven years for those found guilty.

"We have brought an ordinance under which any attack on health workers will be a cognizable, non-bailable offence. In the case of grievous injuries, the accused can be sentenced from 6 months to 7 years. They can be penalised from Rs 1 lakh to Rs 5 lakh," Union Minister Prakash Javadekar briefed media after the meeting of the Cabinet.

"Such crime will now be cognisable and non-bailable. An investigation will be done within 30 days. Accused can be sentenced from three months to five years, and penalised from Rs 50,000 up to Rs 2 lakh," said Javadekar.

Moreover, if the damage is done to vehicles or clinics of healthcare workers, then a compensation amounting to twice the market value of the damaged property will be taken from the accused, said Javadekar.

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