Not above law, ready to be questioned by CBI: PM

October 24, 2013
On Board Air India One, Oct 24: Prime Minister Manmohan Singh Thursday said he "was not above the law" and was willing to be questioned by the CBI in the coal block allocations as he had "nothing to hide".

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In an affable mood after ending a two-nation tour to Russia and China, he also exuded confidence that Congress would "surprise" everyone and win the 2014 general elections and felt the BJP, despite its aggressive election campaign, would "peak early" and his "slow and steady" party would win the race.

Manmohan Singh also hit out at Pakistan for the repeated ceasefire violations, saying he was "disappointed" as they were taking place despite an agreement to maintain peace at the border during his meeting with Pakistan Prime Minister Nawaz Sharif in New York last month.

The prime minister, who held the coal portfolio during the first United Progressive Alliance (UPA) government in 2006, said he was "not above the law of the land".

"If there is anything that the CBI (Central Bureau of Investigation) or, for that matter, anybody wants to ask, I have nothing to hide...."

The Bharatiya Janata Party (BJP) has been targeting the prime minister demanding that he be called for questioning by the CBI, probing the coal blocks allocations.

The issue came into sharp focus after the CBI filed an FIR against industrialist Kumar Mangalam Birla, his company Hindalco and former coal secretary P.C. Parakh over two coal blocks in Odisha's Talabira allocated in 2005.

Parakh pointed an accusing finger at the prime minister, saying if he was involved in the conspiracy, Manmohan Singh was equally responsible.

The PMO promptly defended the allocations saying they were done on merit.

To a question on whether the scams and alleged wrongdoings, like the coal allocation issue, would "cast a shadow on his prime ministership", Manmohan Singh said: "That is for history to judge."

"I am doing my duty and will continue to do my duty. What impact my 10 years of prime ministership will have is for historians to judge," he told reporters.

The prime minister, answering questions on a range of subjects while on way back from his tour, said the allegations of scams against the UPA government relate only to its first term and not to UPA-II.

In the 2009 general election, the Congress won "hands down", he said, adding: "I am sure when the results of 2014 come out, the country will once again be surprised."

The prime minister also said that though the BJP may be perceived to be running ahead of the Congress with an aggressive election campaign but the "slow and steady" would win the race.

"I don't share the view that the Congress party is not active enough. I think the Congress party is quite active. I think the BJP may have started early, but I think it will also peak early.

And slow and steady (wins the race) I think is the thing which sometimes also works in public life as well."

Asked what he thought about Rahul Gandhi saying he could be killed too like his grandmother Indira Gandhi and his father Rajiv Gandhi - both prime ministers, the prime minister said in a reference to the BJP: "Well, I and all sane persons should be worried about the politics of hate which is now sweeping the country."

"As regards the threat to the life of Rahul Gandhi, the government will take all possible precautions that this threat does not materialise," he said.

Asked whether he thought the Supreme Court with its many judgments was becoming "over active" and whether he thinks it to be a reason for the government's policy paralysis, the prime minister declined to comment.

On the spike in ceasefire violations on the Line of Control, he said after his meeting with Nawaz Sharif, "there was agreement on both sides that peace and tranquillity must be maintained on the Line of Control and the International Border. And this has not happened, it has come to me as a big disappointment."

"I sincerely hope that at this late hour Prime Minister Nawaz Sharif will recognise that this is a development which is not good for either of the two countries."

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Agencies
January 16,2020

New Delhi, Jan 16: United Forum of Bank Unions has decided to observe a two-day strike on January 31 and February 1, demanding early wage revision settlement which has been due since November 1, 2017, said the All India Bank Employees Association.

Union Finance Minister Nirmala Sitharaman will present her second Union Budget on February 1.

Banks will also hold a strike on March 11, 12 and 13. Also, an indefinite strike will be held from April 1.

General Secretary, All India Bank Officers' Confederation West Bengal Sanjay Das has stated that the nationwide strike has been called over several demands.

"The demands include--wage revision settlement at 20 per cent hike on payslip components with adequate loading thereof and scrapping off New Pension Scheme (NPS)," said Das.

There are several demands to hold the strike including the merger of special allowance with basic pay, updation of pension, improvement in the family pension system, five-day banking, allocation of staff welfare fund based on operating profits and exemption from income tax on retiral benefits without a ceiling.

"Other demands include-- a uniform definition of business hours, lunch hour etc in the branches, introduction of leave bank, defined working hours for the officers and equal wage for equal work for the contract employee," said Das.

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News Network
February 4,2020

New Delhi, Feb 4: Uttar Pradesh Chief Minister Yogi Adityanath on Monday accused Arvind Kejriwal of having a "partnership" with Pakistan and appealed to the people in Delhi to not vote for the AAP chief as it will make Pakistan happy.

Ramping up his attack on the Shaheen Bagh protest, Adityanath said that the protest against the Citizenship Amendment Act (CAA) is merely an excuse for people to vent their anger against the scrapping of Article 370.

"You must have seen their partnership on 370. Arvind Kejriwal used to speak in the same voice as Imran Khan on Article 370. You must have heard it.

"Now when elections are taking place in Delhi, who is speaking in favour of Arvind Kejriwal? It is the ministers of Pakistan. They are aware that Kejriwal is feeding 'biryani to protesters at Shaheen Bagh'," he said, referring to Pakistan minister Fawad Chaudhry's tweet asking Indians to defeat Prime Minister Narendra Modi.

Adityanath addressed three rallies on Monday in the national capital ahead of assembly elections.

"Will Pakistan decide who Indians should vote for. If voting for Kejriwal will make Pakistan happy, should it be done," he asked at a rally in Mehrauli.

Adityanath said his Delhi counterpart Kejriwal has become a "toy in the hands of anti-social and anti-India elements".

Addressing a rally in Vikaspuri in west Delhi, he said that Kejriwal is not bothered about key issues such as providing clean drinking water but is concerned about Shaheen Bagh, the anti-citizenship amendment act protest site.

At another rally in Uttam Nagar in west Delhi, Adityanath said Kejriwal has played with the emotions of the people of Delhi for the last five years.

"He obstructed the development of Delhi. And knowingly and unknowingly, he became a toy in the hands of anti-social and anti-India elements," Adityanath said.

The protest at Shaheen Bagh, he said, has disrupted traffic across the capital.

"A guest with an appointment to meet him at 9.30 am could only reach at 11. He told me he had left as early as 7 am but got stuck because of the traffic in Shaheen Bagh," he said.

The Uttar Pradesh chief minister also slammed Kejriwal for "sympathising" with elements who he said gave anti-India slogans in Jawaharlal Nehru University.

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News Network
July 23,2020

New Delhi, Jul 23: Riding high on foreign investors buying stakes in Jio Platforms, Reliance Industries Ltd Chairman Mukesh Ambani became the world’s fifth-richest person Wednesday, edging past American investor Warren Buffett on the real-time ranking of billionaires by Forbes. With an estimated wealth of $75 billion, Ambani is only next to Facebook co-founder and CEO Mark Zuckerberg, whose wealth is pegged at $89 billion.

Buffet had slipped down the rankings after donating more than $37 billion of Berkshire Hathaway Inc. stock since 2006 to charity. Berkshire Hathaway’s stock performance has also underwhelmed recently.

Amazon founder and CEO Jeff Bezos still sits at top in the richest list, with a net worth of $185.8 billion. He is followed by Microsoft co-founder Bill Gates with net worth of $113.1 billion and luxury group LVMH Moet Hennessy Louis Vuitton’s chief Bernard Arnault, with a net worth of $112 billion. Facebook CEO Mark Zuckerberg is at the fourth position in the Forbes list.

Shares of Ambani’s conglomerate have more than doubled since a low in March as its digital unit got more than $15 billion in investments from companies including Facebook Inc, Silver Lake, Intel, and most recently, Google. The US tech giant has committed a capital infusion of Rs 33,737 crore for a 7.7 per cent stake on Jio Platforms.

The total investment from financial and strategic investors into Jio Platforms stands at Rs 1,52,056 crore. RIL has raised a total of Rs 2,12,809 crore through a rights issue, the combined investments in Jio Platforms and investment by BP.

During the Reliance AGM last week, Ambani had said RIL has made its net-debt free ahead of a March 2021 target due to recent investments. Ambani said Jio has designed and developed a complete 5G solution that’s ready for launch as soon as spectrum is made available next year.

Jio and Google have also entered into a commercial agreement to jointly develop an entry-level affordable smartphone with optimisations to the Android operating system and the Play Store, Ambani said.

RILs market value jumped to Rs 12.7 lakh crore or $170 billion on Monday, making it the 51st most valued company in the world. Between April 1 and July 13, RIL has gained $81 billion in market capitalisation and has climbed 47 places from being the 98th most valued company on April 1 to 51st most value company now.

The share price of RIL has risen by 120 per cent over the last four months for Rs 883 per share on March 23, 2020 to Rs 1,939 on Monday. Since April 22, when Facebook Inc announced an investment of Rs 43,574 crore in Jio Platforms for 9.99 per cent equity stake, Jio Platforms has announced investments by 12 other investors. The total investment by these 13 investors over the last 12-weeks amounted to Rs 118,318 crore.

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