Modi flags off BJP poll campaign; slams UPA

August 11, 2013
Hyderabad, Aug 11: Slamming UPA and Prime Minister Manmohan Singh over Government’s Pakistan policy in the wake of the LoC attack, Gujarat Chief Minister Narendra Modi on Sunday alleged that national security is being ignored due to “vote bank politics“.

“This government of Delhi cannot provide security to the nation. This government, neck deep in vote bank politics, cannot provide security to our nation... When the Indian jawans were beheaded, the Prime Minister had said that Pakistan will be accounted for it,” Mr. Modi said addressing his much-publicised rally in Hyderabad.

“Now when the Pakistani Army, this week, shot dead our jawans, I want to ask the Prime Minister...he had made the promise that we will not tolerate such things. What is the reason that a country of 125 crore is silently tolerating when Pakistan is going back on its promise one by one?”

The LoC attack in Poonch sector in Jammu and Kashmir early this month in which specialised troops of Pakistan were involved left five jawans dead.

“What is the protocol with those, who behead our soldiers,” he asked.

Mr. Modi, the chief of BJP’s national election campaign, began his speech in Telugu drawing applause from his supporters, who had come to listen to him by paying Rs. 5 as entry fee.

He also alleged that the jawans of Indian Army deployed on the Bangladesh border have been asked not to use weapons even if there was an assault from the other side.

Raising the issue of Chinese incursion, the Gujarat Chief Minister attacked External Affairs Minister Salman Khurshid for his remarks on his visit to Beijing.

“Shame, Shame Shame on You. Shame on You, who are running the government of India. You are spraying acid on the wounds of 125 crore Indians...,” he said.

After his visit to Beijing recently, Mr. Khurshid said he would “love to live in Beijing.”

Mr. Modi also slammed Jammu and Kashmir Chief Minister Omar Abdullah over the detention of BJP leader Arun Jaitley at airport and preventing him from visiting riots-hit Kishtwar and said it smacks of an attempt to “hide” the “tale of a crime” that has happened there.

Mr. Modi also accused Congress of creating a wedge between people of Telangana and Seemandhra regions.

Appeals to non-Cong parties to come together, woos TDP

Launching his Southern election campaign, Mr. Modi appealed to all non-Congress parties to come together to dislodge the Congress-led UPA government at the Centre and to end “dynastic” rule.

In a bid to woo fresh allies, the Gujarat Chief Minister, who is the BJP’s national election campaign chief, made a specific appeal to Telugu Desam (TDP), which has inherited the legacy of late N.T. Rama Rao, a former chief minister of Andhra Pradesh, saying it was its duty to see that the government at the Centre be made Congress-free.

“Congress party is a burden on this nation. Today I want to remember NTR when I come here. NTR did service not only to Andhra but the whole of India when he gave boost to anti-Congress politics. It was NTR’s efforts that paved the way for formation of a non-Congress government at the Centre.

“I appeal to all political parties in Andhra Pradesh here, what can be a supreme tribute to NTR than providing a non-Congress government,” said Mr. Modi while addressing a huge gathering at the Lal Bahadur stadium here organised by BJP.

“All those who claim NTR’s legacy, their first duty is to do everything to bring a non-Congress government. It should be their duty to do everything in this regard. I am confident that Andhra Pradesh’s political parties will not leave any stone unturned to bring a non-Congress government and end this dynastic rule,” he said.

Addressing TDP specifically, a party which has inherited NTR’s legacy, Modi said, “It is their duty also to fulfill NTR’s dreams.”

The TDP, headed by N Chandrababu Naidu, is a former constituent of BJP-led NDA and supported the Vajpayee government from 1998 to 2004. The TDP severed its alliance with BJP after the 2004 election defeat.

“Desh mein Congress mukt bharat ki hawa ban chuki hai (An atmosphere has been created for a Congress-free India),” Mr. Modi said.

Mr. Modi ended his 45-minute speech taking a leaf out of U.S. president Barack Obama by making the crowd chant “yes we can“.

modi

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News Network
April 4,2020

Kochi, Apr 4: France on Saturday evacuated 112

French citizens stranded in Kerala and Tamil Nadu in a special Air India flight, official sources said here.

The Embassy of France had made a request to the Kerala government to facilitate the journey of the French citizens stranded due to the lockdown announced by the central government to prevent the spread of novel coronavirus.

The French citizens, mostly tourists and those who came for Ayurvedic treatment, were brought here by the state tourism department 24 days ahead of their trip.

They underwent a medical examination before boarding the flight for Paris from Cochin International Airport at 08.13 am on Saturday, officials said.

The Air India flight was chartered by the French government for evacuating its citizens in various cities in India including Kochi, Bengaluru and Mumbai.

On Friday, Gulf nation Oman had evacuated its 46 citizens stranded in Kochi in an Oman Air flight.

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News Network
March 27,2020

Mumbai, Mar 27: Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that Monetary Policy Committee (MPC) has taken note of the global economic activity coming to a near standstill due to the coronavirus pandemic and added that large parts of the world could slip into recession in the coming days to the coronavirus crisis.
"The MPC noted that global economic activity has come to a near stand-still as COVID-19 related lockdowns and social distancing are imposed across a widening swath of affected countries. Expectations of a shallow recovery in 2020, from 2019's decade low in global growth, have been dashed," Das said.
"The outlook is now heavily contingent upon the intensity, spread and duration of the pandemic. There is a rising probability that large parts of the world will slip into recession," he added.
The RBI Governor further added that "the implied GDP growth of 4.7 per cent in Quarter 4 of 2019-20, in the second advance estimates of the National Statistics Office which was released in February 2020, within the annual estimate of 5 per cent for the year as a whole is now at risk."
As per the outlook for the year 2020-21, Das said, "Apart from continuing resilience of agriculture and allied activities most other sectors of the economy will be adversely impacted by the pandemic depending upon, its intensity, spread and duration."
Das also announced a reduction in the repo and reverse repo rates for banks.
"The repo rate has been reduced by 75 basis points to 4.4 per cent. The reserve repo rate has been reduced by 90 basis points to 4 per cent," Das said addressing the media.
The decision for "a sizeable reduction" in the policy repo rate, according to the RBI Governor was taken to "revive growth and mitigate the impact of COVID-19 and ensure financial stability." 

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Agencies
July 21,2020

New Delhi, Jul 21: The Supreme Court has asked the Ministry of Finance to look into a plea which claimed a loss of hundreds of crore every day, as the public sector banks are not invoking personal guarantees of big corporates who have defaulted on loans.

A bench comprising Justice R. F. Nariman and Navin Sinha asked the petitioners, Saurabh Jain and Rahul Sharma, who filed the PIL, to move the Finance Ministry with a representation within two weeks. The top court observed that the issue is important and the ministry should respond after the petitioner has made the representation before it. The matter had come up for hearing on Monday.

"We are of the view that at page 115 of the Writ Petition it has been made clear that the Ministry of Finance itself has, by a Circular, directed personal guarantees issued by promoters/managerial personnel to be invoked. According to the petitioners, despite this Circular, Public Sector Undertakings continue not to invoke such guarantees resulting in huge loss not only to the public exchequer but also to the common man", said the bench in its order.

Senior advocate Manan Mishra and advocate Durga Dutt, represented the petitioners.

Mishra contended before the bench that the statistics establish the public sector banks incurred a loss of approximately Rs 1.85 lakh crore in a financial year, and the banks did not take action to invoke personal guarantees of the biggest corporate defaulters.

The bench observed that since the petitioners claim the public sector undertakings are not complying with this circular, "We think you should first go to the ministry," said the bench.

Mishra argued before the bench that the loans from a common man are recovered through a mechanism where officials go through even the minutest detail, but promoters, chairpersons and other senior level functionaries of the big corporates find it convenient to get away by defaulting on loans.

The bench told the petitioner's counsel that the Finance Ministry has already issued a notification on this matter, and the petitioners should seek response from the ministry, and then move the top court. Mishra submitted before the bench to issue a direction to the Finance Ministry to give a response on their representation.

The bench said, "We allow the petitioners, at this stage, to withdraw this Writ Petition and approach the Ministry of Finance with a representation in this behalf. The representation will be made within a period of two weeks from today. The Ministry of Finance is directed to reply to the said representation within a period of four weeks after receiving such representation. With these observations, the petition is allowed to be withdrawn to do the needful."

Mishra contended before the bench seeking liberty to come back after a reply from the Finance Ministry. Justice Nariman said this option is open for petitioners after a decision has been taken by the ministry. "We will hear you", added Justice Nariman.

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