Problem in Delhi, not on border, says Modi

September 16, 2013

ModiHaryana, Sep 16: Three days after being anointed BJP’s prime ministerial candidate, Gujarat Chief Minister Narendra Modi trained his guns on the Centre by attributing border skirmishes to the UPA’s weakness with his quip, “Problem is not on the border but in Delhi”.

At a rally of ex-servicemen in the Ahirwal region of Haryana, known as the Army’s recruitment hub, Modi advised Pakistan to give up terrorism and, instead, wage a war against poverty and illiteracy. “You might have born in an anti-India atmosphere but you can’t progress taking an anti-India stand,” he said.

Advising the neighbour country to give up the policy of “bomb, bandook (gun) aur pistol,” the BJP’s Hindutva poster boy said: “I want to tell my Pakistan friends that war has not taken (them) anywhere in the last 10 years. Shed terrorism and you (Pakistan) will achieve what you could not in the last 60 years.”

At the packed gathering, Modi ridiculed Defence Minister A K Antony for making an “unfortunate” statement in Parliament over the killing of soldiers on the Line of Control (LoC). Antony had come under fire for his “weak” statement that “someone came in Pakistani soldiers’ uniform and killed our soldiers”.

Modi hit out at the Centre for the continued problems on the border. “Pakistan is not giving up its design. China is showing us its might through intrusion…(China) is keen to stop Brahmaputra river waters and wants to take control of Arunachal Pradesh,” he stated in his usual style.

The Gujarat chief minister termed the Army a “symbol of secularism” and said lessons should be drawn from it. Referring to the “dangerous attempt” by the Sachar Committee, which wanted a headcount of Muslims in the Army, he said vote-bank politics “stinks and divides the country”. He thanked the Army, Navy and the Air Force for putting their foot down against the Sachar panel recommendation, which he termed a “sin” that should not be pardoned.

The restless crowd’s chanting of “Modi, Modi” prompted former Army chief V K Singh and BJP leader B C Khanduri to give way to the Gujarat strongman, who spoke for about 65 minutes in the sultry heat of the dusty village where some of the audience was gasping for breath.

Others present in the crowd included Olympian silver medallist Rajyavardhan Singh Rathore who recently joined the BJP, Capt Abhimanyu and several retired armed forces personnel.

Modi also tried to draw himself closer to the armed forces by claiming that he also wanted to join the Army but could not owing to his humble background. He announced that his government has laid underground pipes to ensure that forces guarding the border with Pakistan get potable drinking water.

He also pushed the move for indigenisation of military hardware since much of the defence budget was spent on importing machines and equipment.

V K Singh, who was sharing the BJP platform for the first time, told the gathering that the government’s weak policy should change since it ends up giving the perception that the forces are not strong which is not correct.

He also called for one rank one pension in the forces, which was also endorsed by Modi who said it would have happened had Atal Bihari Vajpayee government returned to power in 2004.

“Our national security has not been given adequate attention. The time has come to change the people who make us (forces) weak,” he added.

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Agencies
February 8,2020

New Delhi, Feb 8: A 26-year-old woman sub-inspector (SI) of the Delhi Police was shot dead near Rohini East Metro station on Friday night, officials said.

The SI, Preeti Ahlawat, was posted in Patparganj Industrial Area Police Station, police said.

A call about the incident was received around 9.30 pm, they said, adding she received gunshot wounds on her head.

"We have identified the suspects and CCTV footage of the area has been collected," said SD Mishra, Additional Commissioner of Police (Rohini).

Three empty cartridges were found from the spot, the officer said, adding a case has been registered and a probe is on.

Personal enmity is suspected to be the reason behind the killing, the officer said.

Ahlawat joined the Delhi Police in 2018.

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Bloomberg
July 27,2020

New Delhi, Jul 27: India’s coronavirus epidemic is now growing at the fastest in the world, increasing 20% over the last week to more than 14 lakh confirmed cases, according to Bloomberg’s Coronavirus Tracker.

Infections in the South Asian nation of 130 crore people have reached 14.3 lakh, including 32,771 deaths, India’s health ministry said, with daily cases close to a record 50,000 on Monday. India is only trailing the US and Brazil now in the number of confirmed infections, but its growth in new cases is the fastest.

Maharashtra, Tamil Nadu, Andhra Pradesh and Karnataka are among the states where the maximum number of daily cares are being reported. The world’s second-most populous country has been ramping up testing, with 515,472 samples taken on Sunday, according to the Indian Council of Medical Research.

Still, India and Brazil have some of the world’s lowest testing rates, with 11.8 tests and 11.93 tests per 1,000 people respectively, compared to the US with 152.98 tests per 1,000 and Russia with 184.34, according to Our World in Data, a project based at the University of Oxford in the UK.

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News Network
March 6,2020

New Delhi, Mar 6: As panicky depositors rushed to withdraw money from Yes Bank whose control was seized by the RBI in a dramatic late-night move, Finance Minister Nirmala Sitharaman on Friday assured depositors that their money is safe and said the central bank was working for an early resolution of the crisis.

The Reserve Bank of India (RBI) on Thursday evening capped withdrawals at Rs 50,000 for the next one month and imposed strict limits on operations at the country's fourth-largest private lender that faced "regular outflow of liquidity" after an effort to raise new capital failed.

"I am in continuous interaction with the RBI. The RBI is fully seized of the matter and has assured they will give a quick resolution," Sitharaman said here.

She said no depositor will lose his or her money and insisted that the immediate priority is to ensure Yes Bank customers are able to withdraw money within the stipulated cap.

"I want to assure every depositor that their money shall be safe. Their monies are safe," she said. "I am constantly in contact with the RBI and the steps that are taken are taken in the interest of depositors, banks and economy. We are fully seized of the development."

She was talking to reporters after meeting State Bank of India (SBI) Chairman Rajnish Kumar. On Thursday, the SBI board gave its "in-principle" approval to exploring investment opportunities in Yes Bank.

"So I repeat, the depositors can be assured that their money is safe," she said.

Soon after the RBI takeover, depositors thronged Yes Bank ATMs to withdraw money and police had to be deployed in some places to control the crowds.

Yes Bank has 1,000 branches across the country.

Refusing to elaborate on her meeting with the SBI chairman, the minister said that "was on a completely different matter".

"RBI governor has given me assurance that there will be an appropriate resolution soon. No depositor will lose (money)," she said. "Reserve Bank has taken cognizance of the problem."

The central bank, she said, has gone through the "process over and over again to find out an amicable solution".

"And that has been over the last couple of months. So it is not as if they have come in suddenly now. We have been monitoring the situation," she said adding the RBI has appointed an administrator who previously was with the SBI.

"Both the RBI and the government are looking at this with all the details before them, not just today. I have personally monitored the situation over the last couple of months with the RBI. Therefore we have taken a course which will be in everybody's interest," she added.

Yes Bank had been seeking new capital since last year to bolster its ratios and quell questions about its stability due to its exposure to the non-banking finance industry entangled in a prolonged crunch in the local credit market.

The SBI chairman said the resolution to the Yes Bank crisis will come "very shortly".

"This is not a sectoral problem. It is a bank-specific problem," he said. "The RBI will take all steps to ensure financial stability."

On SBI picking up a stake in Yes Bank, he said the lender already has an in-principle approval for doing so.

"If SBI has to pick up a stake in Yes Bank, we have an in-principle approval for that," he said.

Commenting on the crisis at Yes Bank, Alka Anbarasu, Vice President – Senior Credit Officer, Financial Institutions, Moody's Investors Service, said: "RBI's moratorium on Yes Bank is credit negative as it affects timely repayment of bank depositors and creditors."

"While Moody's expects Indian authorities will take steps to prevent the weakness in the bank's viability from significantly impacting its depositors and senior creditors, the lack of a coordinated and timely action highlights continued uncertainty around bank resolutions in India," she said.

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