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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News Network
June 8,2020

Jun 8: Petrol and diesel prices were hiked by 60 paisa per litre on Monday, for the second day in a row, as state-owned oil firms reverted to daily price revisions after a 83-day hiatus.

Petrol price in Delhi was hiked to Rs 72.46 per litre from Rs 71.86 on Sunday, while diesel rates were increased to Rs 70.59 a litre from Rs 69.99, according to a price notification of state oil marketing companies.

This is the second daily increase in rates in a row. Oil companies had on Sunday raised prices by 60 paisa per litre on both petrol and diesel after ending a 83-day hiatus in daily rate revision.

Daily price revision has restarted, an oil company official said.

While oil PSUs have regularly revised ATF and LPG prices, they had since March 16 kept petrol and diesel prices on hold, ostensibly on account of extreme volatility in the international oil markets.

Auto fuel prices were frozen soon after the government raised excise duty on petrol and diesel by Rs 3 per litre each to mop up gains arising from falling international rates.

The government on May 6 again raised excise duties by Rs 10 per litre on petrol and Rs 13 per litre on diesel.

Oil companies, instead of passing on the excise hike to consumers, decided to adjust them against the reduction required because of the drop in international oil prices. They used the same tool and did not pass on the Re 1 per litre hike required for switching over to ultra-clean BS-VI grade fuel from April 1.

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Agencies
May 17,2020

New Delhi, May 17: Eight of the 10 most valued domestic firms suffered a combined erosion of Rs 1,37,311.31 crore in market valuation last week, with Reliance Industries (RIL) taking the biggest knock.

Only Bharti Airtel and ITC from the top-10 list managed to close the week with gains.

RIL's market cap plunged Rs 65,232.46 crore to Rs 9,24,855.56 crore.

The market valuation of HDFC Bank declined Rs 22,347.07 crore to Rs 4,87,083.88 crore and that of Hindustan Unilever Limited tanked Rs 13,192.26 crore to Rs 4,77,458.89 crore.

ICICI Bank's market cap dropped Rs 9,770.06 crore to Rs 2,08,900.79 crore.

Infosys witnessed a decline of Rs 9,518.84 crore in valuation to reach Rs 2,77,814.09 crore while that of HDFC tumbled Rs 9,370.38 crore to Rs 2,83,293.70 crore.

The m-cap of Kotak Mahindra Bank slipped by Rs 7,805.2 crore to Rs 2,25,327.22 crore.

Tata Consultancy Services' market valuation dipped Rs 75.04 crore to Rs 7,10,439 crore.

In contrast, Bharti Airtel added Rs 13,147.89 crore to its valuation to stand at Rs 3,02,292.43 crore.

ITC's valuation also rose by Rs 7,744.11 crore to Rs 2,02,330.13 crore.

In the ranking of top-10 firms, RIL retained the number one spot, followed by TCS, HDFC Bank, HUL, Airtel, HDFC, Infosys, Kotak Mahindra Bank, ICICI Bank and ITC.

During the last week, the Sensex declined 544.97 points or 1.72 per cent.

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Agencies
June 7,2020

New Delhi, Jun 7: India registered its highest single-day spike of COVID-19 cases for the fifth consecutive day on Sunday, with 9,971 new infections taking the country's tally to 2,46,628, while the death toll rose to 6,929, according to the Union Health Ministry.

India registered 287 deaths in the 24 hours since Saturday morning.

India had raced past Spain on Saturday to become the fifth worst-hit nation by the COVID-19 pandemic. Now, only the US, Brazil, Russia and the UK are ahead of it.

The number of active COVID-19 cases stands at 1,20,406, according to the Health Ministry.

A total of 1,19,292 people have recovered and one patient has migrated, the Ministry said.

During the last 24 hours, a total of 5,220 COVID-19 patients have been cured, the ministry said.

"Thus, around 48.37 per cent patients have recovered so far," a senior ministry official said.

The tally of confirmed cases includes foreigners.

The Indian Council of Medical Research has further ramped up the testing capacity for detecting the novel coronavirus in infected persons.

The number of government labs has been increased to 531 and private labs to 228, taking the total number of labs to 759.

As many as 1,42,069 samples were tested in the last 24 hours, taking the total number of samples tested till now to 46,66,386.

Deaths in India per lakh population (0.49) are much lower than the world average of 5.17 and are the lowest among countries that have eased lockdown such as Germany (10.35), Italy (55.78), the UK (59.62) and Spain (58.06), as per a WHO situation report cited by the Health Ministry.

Cases in India per lakh population (17.32) are much lower than the world average of 87.74 and are the lowest among countries that have eased lockdown such as Germany (219.93), Italy (387.33), the UK (419.54) and Spain (515.61).

Of the 287 deaths reported since Saturday morning, 120 were from Maharashtra, 53 from Delhi, 29 from Gujarat, 19 from Tamil Nadu, 17 from West Bengal, 15 from Madhya Pradesh, 13 from Rajasthan, 10 from Telangana, three from Jammu and Kashmir, two each from Karnataka, Punjab and Chhattisgarh and one each from Kerala and Bihar.

Of the total 6,929 fatalities, Maharashtra tops the tally with 2,969 deaths, followed by Gujarat with 1,219 deaths, Delhi with 761, Madhya Pradesh with 399, West Bengal with 383, Uttar Pradesh with 257, Tamil Nadu with 251, Rajasthan with 231, Telangana with 123 and Andhra Pradesh with 73 deaths.

The death toll reached 59 in Karnataka and 50 in Punjab.

Jammu and Kashmir has reported 39 fatalities due to the disease, Bihar has 30, Haryana has 24 deaths, Kerala has 15, Uttarakhand has 11, Odisha has eight and Jharkhand has reported seven deaths so far.

Himachal Pradesh and Chandigarh have registered five COVID-19 fatalities each. Assam and Chhattisgarh have recorded four deaths each.

Meghalaya and Ladakh have reported one COVID-19 fatality each, according to the Health Ministry data.

According to the Ministry's website, more than 70 per cent of the deaths are due to comorbidities.

The highest number of confirmed cases in the country are from Maharashtra at 82,968, followed by Tamil Nadu at 30,152, Delhi at 27,654, Gujarat at 19,592, Rajasthan at 10,331, Uttar Pradesh at 9,733 and Madhya Pradesh at 9,228, according to the Health Ministry data updated in the morning.

The number of COVID-19 cases has gone up to 7,738 in West Bengal, 5,213 in Karnataka, 4,915 in Bihar and 4,510 in Andhra Pradesh.

It has risen to 3,952 in Haryana, 3,496 in Telangana, 3,467 in Jammu and Kashmir and 2,781 in Odisha.

Punjab has reported 2,515 coronavirus infections so far, while Assam has 2,397 cases. A total of 1,807 people have been infected with the virus in Kerala and 1,303 in Uttarakhand.

Jharkhand has registered 1,000 cases, Chhattisgarh has 923, Tripura has 747, Himachal Pradesh has 400, Chandigarh has 309 cases, Goa has 267, Manipur has 157, Nagaland has 107, and Puducherry and Ladakh have 99 cases.

Arunachal Pradesh has 47 COVID-19 cases, while Andaman and Nicobar Islands and Meghalaya have registered 33 infections each.

Mizoram has reported 24 cases and Dadar and Nagar Haveli has 19 cases, while Sikkim has reported seven cases till now.

"8,605 cases are being reassigned to states," the Ministry said on its website adding, "our figures are being reconciled with the ICMR."

State-wise distribution is subject to further verification and reconciliation, it added.

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