It will be ‘Dharam Yudh’ in LS polls: Jaitley

July 22, 2013

JaitleyChandigarh, Jul 22: Senior BJP leader Arun Jaitley on Sunday said with slew of graft cases surfacing during the UPA government, corruption has taken the shape of a “small scale industry”, and the upcoming Lok Sabha polls will be a fight between morality and immorality.

“Upcoming Lok Sabha election will not just be a political fight but a ‘Dharam Yudh’ (fight for justice) between morality and immorality,” said the Leader of Opposition in Rajya Sabha.

Mr. Jaitley was addressing party workers in Chandigarh on Sunday.

Speaking on the graft cases, he said, “With 2G, coal scam, Bofors scam running into several lakhs of crores, corruption during the UPA government has taken a form of small scale industry.”

Mr. Jaitley also attacked the Centre over CBI, alleging that Congress has been “misusing” the agency to not only save its ministers and other Congressmen but also to keep itself in power.

“Every time Congress government needed numbers for survival, the CBI suddenly went soft on the SP and BSP leaders who are facing probe for disproportionate assets.

“They have even attacked IB for vote bank politics, however Congress should remember CBI does not gets votes it is the people who vote and the mood of the people is clearly with BJP,” he said.

The BJP leader said that Congress was indulging in “crony Capitalism” and Congressmen have become “name lenders” as in the Coal scam, where the blocks were allotted “with name chits being passed on to the screening committee”.

“So large has been the degradation that even the status report to the Supreme Court was fudged to save those from the PMO and the Coal Ministry,” he claimed.

He also attacked former Railway Minister Pawan Kumar Bansal. “It seems the whole Bansal family is running an industry of postings and promotions,” he said.

“The government may have manipulated the CBI, but there is a clear overlap in the Railgate phone conversations and the file movements,” he said.

“Under these circumstances of failure on all the fronts there is no leadership in Congress to inspire or infuse confidence, and it seems to be ducking a political fight by going without a head,” he said.

On the other hand, Gujarat Chief Minister Narendra Modi has been leading not only in all the opinion polls but also in the psyche of the country, Mr. Jaitley said.

On the economic front, Mr. Jaitley said that today even Indian businessmen are not willing to invest in the country.

In such circumstances, irrespective of the policy changes being made, FDI is not going to come, he claimed, adding that “the current account deficit is becoming unmanageable, but instead of working to improve the economy, the Congress government wants to open the coffers to buy votes.”

“Our borders have become porous and our relations with neighbours have touched a nadir. Pakistan has beheaded our jawan and is spreading terrorism in our country, still the Prime Minister is extending the hand of friendship,” he said.

He claimed that when Atal Bihari Vajpayee had initiated peace talks with Pakistan they were on the pre-condition that there would be no terrorism against India emanating from the Pakistan soil which was accepted by Pakistan.

Taking about Chandigarh, he said, “It is unfortunate that an important and respected city like Chandigarh was on the country’s centre stage recently due to the corruption of its elected Member of Parliament Pawan Kumar Bansal.”

Chandigarh Parliamentary Constituency is an indicator of the national mood, and this time the whole country will be looking towards Chandigarh to see if the city voters will take a moral high ground and root out the corrupt.

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News Network
March 27,2020

New Delhi, Mar 27: The death toll due to COVID-19 rose to 17 in the country on Friday and the number of coronavirus cases climbed to 724, according to the Health Ministry. In its updated figures at 9.15 am, the ministry stated that four deaths were reported from Maharashtra while Gujarat had registered three deaths.

Karnataka has reported two deaths so far, while Madhya Pradesh, Tamil Nadu, Bihar, Punjab, Delhi, West Bengal, Jammu and Kashmir and Himachal Pradesh have reported one death each.

According to the data, the number of active COVID-19 cases in the country stood at 640, while 66 people were either cured or discharged and one had migrated. The total number of 724 cases included 47 foreign nationals, the ministry said.

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News Network
May 6,2020

Noida, May 6: Not having Aarogya Setu app on smartphone while out in public in Noida or Greater Noida will be considered a violaton of lockdown rules and the person will be punished.

Action will also be taken against people going outdoors without a face mask or spitting in public places, Gautam Buddh Nagar police said, news agency reported.

Aarogya Setu is a mobile application developed by the central government to connect essential health services with the people to fight Covid-19.

The app is aimed at augmenting the initiatives of the Centre, particularly the Department of Health, in proactively reaching out to and informing the users of the app regarding risks, best practices and relevant advisories pertaining to the containment of Covid-19.

"If smartphone users do not have the 'Aarogya Setu' app installed on their mobile phones, then that will be punishable and considered a violation of the lockdown directions," Additional Deputy Commissioner of Police, Law and Order, Ashutosh Dwivedi said.

The district police had on Sunday announced extending the Criminal Procedure Code section 144, which bars assembly of four or more people, till May 17, as the central government extended the nationwide lockdown by another two weeks in a bid to check the spread of the virus.

"Spitting in public places will attract punishment along with a fine. Not wearing a face mask in public places or offices will also be a punishable offence.

During the lockdown period, political, social, religious, sports gatherings as well as protest marches and rallies will remain banned across Noida and Greater Noida, the official said in the order.

"The central government has extended the lockdown till May 17 in view of the coronavirus pandemic. Gautam Buddh Nagar has been identified as 'red zone' and hotspots have been identified here. During this duration, all guidelines of the lockdown are to be followed," he said.

Gautam Buddh Nagar, which falls in the 'Red Zone', has 34 containment zones and has recorded 179 positive cases of coronavirus so far, with 102 of these patients being cured and discharged from hospitals, according to official figures.

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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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