Raja links PM to all key 2G decisions

April 23, 2013

Raja_links_PMNew Delhi, April 23: In his 112-page written statement to the Joint Parliamentary Committee (JPC) probing the 2G scam, the former Telecom Minister and prime accused, A. Raja, has said he personally met Prime Minister Manmohan Singh severalspectrum allocation times between November 2007 and July 2008 — the period when the scam was perpetrated — to keep him informed of all 2G-related decisions, and the Prime Minister agreed with him.

On Page 72, while challenging the JPC’s draft report and the CBI’s allegations that Mr. Raja had “misled” the Prime Minister, he says: “This allegation has been made by the CBI without even recording the statement of the Hon’ble PM. On what basis do they say he was misled? I hope the JPC will not commit the same blunder; if they wish to draw any conclusion on this issue, it is mandatory to record my statement and the statement of the Hon’ble PM.” But the draft report has already reached that conclusion.

Mr. Raja then goes on to give details of his meetings, letters and conversations with the Prime Minister, several of which are not in the public domain.

Mr. Raja claims that apart from seven letters between November 2, 2007, and July 2, 2010, “I had several personal discussions with the Hon’ble PM on telecom issues throughout my tenure and particularly in the period from November 2007–January 2008.” He further provides occasions and venues where such meetings took place. “These would happen on the side of Cabinet meetings or separately at his office/residence.”

The Prime Minister has made specific statements on his discussions with Mr. Raja at a TV Editors press conference and in Parliament in February 2011, but has not disclosed either the occurrence or the details of these meetings, save one held among Mr. Raja, Mr. Chidambaram, and himself on July 4, 2008, seven months after the scam broke out.

Met PM a week before scam

Mr. Raja says that after his December 26, 2007 letter, which detailed the change in the first-come first-served (FCFS) policy, “I met the Hon’ble PM in the first week of January 2008, and this issue was again discussed, and he agreed with the proposed course of action of the DoT.” If correct, the meeting would have occurred within a week prior to the award of Letters of Intent for 2G licences on January 10, 2008, and supports documents that show that on the Prime Minister’s request of December 29, 2007, Pulok Chatterji, Secretary, and T.K.A. Nair, Principal Secretary to the Prime Minister, had discussed and endorsed Mr. Raja’s modification of the FCFS policy in PMO files through notings on 1, 6 and 7, January 2008. This was highlighted in a news report, ‘New papers show PMO analysed and agreed with Raja’s actions before 2G scam,’ published in The Hindu on March 18, 2013.

Continuing with his attack on the contention that the Prime Minister was misled, Mr. Raja says: “DoT officers were in touch with PMO regularly, without even involving me, as seen by the file notings of the PMO itself.” On July 24, 2012, CBI officials deposed before the JPC that they had not gone through the PMO files. The CBI stated that it approached a “Section Officer” in the PMO to check the “authenticity” of certain documents.

In the statement, Mr. Raja details instances and the importance of his face-to-face meetings with the Prime Minister and the then Law Minister, H.R. Bhardwaj, whose advice to take the 2G spectrum issue to the Empowered Group of Ministers (eGoM), had been rejected by Mr. Raja as “totally out of context.”

Citing “several interactions” he had with the Prime Minister and the Law Minister, he says: “If either of them had desired that the eGoM should consider this matter, they would have told me and I would have acted accordingly. However, neither of them ever made this suggestion, and rather they fully understood and endorsed my course of action.”

Pointing to his re-appointment as Telecom Minister after the 2009 election, Mr. Raja says: “…surely if he [the Prime Minister] felt that I misled him or offended him in any manner, my appointment would not have happened.”

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Agencies
January 19,2020

Thiruvananthapuram, Jan 19: The CPI(M) will soon launch a nation-wide house-to-house campaign to explain to the people, the 'link' between CAA-NPR-NRC, party general secretary, Sitaram Yechury said on Sunday.

The intense campaign will take place all over the country, he said while briefing the media about the three-day central committee held at Vilapilsala near here.

The central committee also urged the people not to answer the NPR questions.

"The Central committee has called upon the people not to answer any questions concerning the NPR when the enumerators come to their houses...," the left leader said.

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Agencies
August 1,2020

Chandigarh, Aug 1: The death toll in the Punjab spurious liquor tragedy rose to 86 on Saturday even as Chief Minister Amarinder Singh suspended seven excise officials and six policemen, officials said.

The government also announced a compensation of Rs 2 lakh for each of the families of the deceased, they said.

Tarn Taran alone accounted for 63 deaths, followed by 12 in Amritsar and 11 in Gurdaspur’s Batala. Till Friday night, the state had reported 39 deaths in the tragedy unfolding since Wednesday night.

According to an official statement, the CM ordered the suspension of seven excise officials, along with six policemen.

Among the suspended officials are two deputy superintendents of police and four station house officers.

Strict action will be taken against any public servant or others found complicit in the case, said the chief minister, describing the police and excise department failure to check the manufacturing and sale of spurious liquor as shameful.

Nobody will be allowed to get away with feeding poison to our people, he added.

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News Network
March 21,2020

Mar 21: India’s economy, already in the grip of a slowdown, is in for more pain after Prime Minister Narendra Modi appealed to citizens to stay at and work from home to curb the coronavirus outbreak.

The services sector, which accounts for about 55% of India’s gross domestic product, is poised to be the worst hit after Modi, in a late evening address on Thursday, urged citizens to go on a self-imposed curfew for a day and private companies to allow employees to work from home for longer. In the country’s vast informal sector, social-distancing measures could mean a dent to productivity and consumption because of job or pay losses.

“The impact of a partial lock-down or social distancing will be significant,” said Rahul Bajoria, a senior economist at Barclays Plc in Mumbai. “If there’s a widespread community outbreak, GDP could fall as low as 3.5% in the year starting April 1.”

Shrinking output may limit growth in an economy that’s already set to expand at an 11-year low of 5% in the current year to March 31. Before the virus outbreak, India had forecast growth to recover to 6%-6.5% in the next fiscal year. S&P Global Ratings and Fitch Ratings have already slashed their growth forecast by 50 basis points.

“The current social-distancing measures will severely impact airlines, hotels, malls, multiplexes, restaurants and retailers,” according to analysts at Crisil Ltd., the local unit of S&P Global. “Lower footfalls and occupancies, decline in business volume and sub-optimal operating efficiencies will impact cash flows of companies in these sectors,” wrote the analysts led by Chief Economist Dharmakirti Joshi.

The government will try to announce a relief package for virus-affected sectors as early as possible, Finance Minister Nirmala Sitharaman said Friday.

In a televised address, Modi advised all citizens to stay at home for a day on March 22, as he sought to stem the spread of the coronavirus -- cases of which are relatively low in India at about 200, compared with more than 200,000 infected people globally. His government also barred incoming flights for a week from that day, joining a growing list of countries effectively sealing their borders.

What Bloomberg’s Economists Say

We had only earlier this week lowered our GDP outlook to consider the direct impact of the local outbreak as confirmed virus cases exceeded 100 as of March 15 and the federal and state governments announced social distancing measures that have already started to crimp economic activity. We are now revising down our GDP estimate for 4Q fiscal 2020 to 3.3%, from our 3.5%.

-- Abhishek Gupta, India economist

For more, click here

“Consumption being the biggest component of GDP, a lock-down is bound to have a big impact on the economy,” said Devendra Kumar Pant, chief economist at India Ratings and Research, the local unit of Fitch. “Modeling uncertainty in any system will be very difficult, but one can say the slowdown could deepen or prolong further.”

Work From Home

While companies, including billionaire Mukesh Ambani-controlled Reliance Industries Ltd., are asking employees to work from home, the option isn’t feasible in India’s vast informal sector.

“The option to work remotely simply won’t exist for most,” said Shilan Shah, an economist with Capital Economics Pte. in Singapore.

As many households don’t have savings buffers, the government would probably have to back this up with large-scale cash handouts that reach the poorest, he said.

Work from home is posing implementation challenges for the manufacturing sector where workers are required to be physically present at the production sites. The services sector, such as banking and information technology, also needs employees to be present in offices as confidential data is used, according to industry group Federation of Indian Chambers of Commerce and Industry.

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