No place for Dalits and backwards in the heart of Congress: PM Modi

Agencies
May 10, 2018

Bengaluru, May 10: There is no place for Dalits and backward classes in the heart of the Congress, Prime Minister Narendra Modi said on Thursday, asserting his government is trying to realise B R Ambedkar's dream of a powerful and prosperous India.

Launching a blistering attack on the Congress over the way it has treated Dalits, Modi said the party showed no respect for Ambedkar.

The Congress, he alleged, used "all its power" to defeat Ambedkar when he contested Lok Sabha election in 1952 and Bandara Lok Sabha by-election in 1953.

"That is the reason why Baba Saheb had to face defeat and insult. Let Congress show at least one thing it did to honour Baba Saheb," he said.

Addressing BJP's SC/ST/OBC and Slum Morcha workers through his Namo App, Modi said, "There is no place for Dalits and backward classes in the heart of the Congress."

"This has been happening for decades. Till the time the Congress party was in power, Baba Saheb was not given Bharat Ratna," he said.

Maintaining that Ambedkar dreamt of an India which takes everybody forward together, he said the BJP is trying to fulfil his dream by implementing various schemes.

The government, he said, is making efforts to ensure there is social justice and equality.

Modi said 'Stand Up' and 'Mudra' Yojanas are playing a major role in the financial empowerment of scheduled castes, scheduled tribes, OBCs and women.

Noting that the BJP has the most number of MPs belonging these categories, Modi said, it was for the first time after Independence that the Atal Bihari Vajpayee government created a separate ministry for scheduled tribes.

Also, it was under Vajpayee that the government created a separate national commission for scheduled tribes, he said.

Modi said the BJP has its governments in Madhya Pradesh, Maharashtra, Gujarat, Rajasthan, Jharkhand and Chhattisgarh which have sizeable tribal population.

It is also in power in northeastern states like Assam, Arunachal Pradesh, Manipur and Tripura, and is part of coalition dispensations in Nagaland and Meghalaya."This shows that tribal people are fully supporting BJP," he said.

He said the party's manifesto for Karnataka elections has details of the programmes its government will undertake for the empowerment of the scheduled tribes.

In Chitradurga, Mysuru, Uttar Kannada and Bagalkot, the government will set up four 'sindhoora laxman training centres' for vocational training, he said.

Modi said the Congress never thought of giving constitutional status to OBC Commission.

"What problem they have I am yet to understand. Every time they create obstacles despite the community's demand for it," he said.

The Congress, he said, did not allow Parliament to function to block the government's move to accord constitutional status to OBC Commission.

Modi said his government made provisions of SC/ST (Prevention of Atrocities) Act more stringent and increased the number of offences listed under it from 22 to 47.

"The government did this because I know what problems the poor face, what pain Dalits and tribals suffer, and what kind of language is used against them.

"He asked BJP workers to visit the homes of people belonging to scheduled castes, scheduled tribes and backward classes to reassure them that BJP will work for their welfare.

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News Network
March 4,2020

New Delhi, Mar 4: The Supreme Court on Wednesday revoked the ban of cryptocurrency imposed by the Reserve Bank of India (RBI) in 2018.

Pronouncing the verdict, the three-judge bench of the apex court said the ban was 'disproportionate'.

The bench included Justice Rohinton Fali Nariman, Justice S Ravindra Bhat and Justice V Ramasubramanian.

The Internet and Mobile Association of India (IAMAI), whose members include cryptocurrency exchanges, and others had approached the top court objecting to a 2018 RBI circular directing regulated entities to not deal with cryptocurrencies.

Advocate Ashim Sood, appearing for IAMI, submitted that Reserve Bank of India lacked jurisdiction to forbid dealings in cryptocurrencies. The blanket ban was based on an erroneous understanding that it was impossible to regulate cryptocurrencies, Sood submitted.

The petitioners had argued that the RBI's circular taking cryptocurrencies out of the banking channels would deplete the ability of law enforcement agencies to regulate illegal activities in the industry.

IAMAI had claimed the move of RBI had effectively banned legitimate business activity via the virtual currencies (VCs).

The RBI on April 6, 2018, had issued the circular that barred RBI-regulated entities from "providing any service in relation to virtual currencies, including those of transfer or receipt of money in accounts relating to the purchase or sale of virtual currencies".

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News Network
February 11,2020

New Delhi, Feb 11: The government has decided to rename National Institute of Financial Management (NIFM), Faridabad, as Arun Jaitley National Institute of Financial Management, an official statement said on Tuesday.

Set up in 1993 as a registered society under the Department of Expenditure, NIFM trains officers of Finance and Accounts Services recruited by the Union Public Service Commission (UPSC) as also officers of Indian Cost Accounts Service. The Union Finance Minister is the President of the NIFM Society.

"Aligning the vision and aspiration of the Institute for the future with the vision and contribution of late Arun Jaitley, the Government has decided to rename National Institute of Financial Management (NIFM) as the Arun Jaitley National Institute of Financial Management(AJNIFM)," the statement said.

NIFM has become a premier resource centre to meet the training needs of the central government for senior and middle level of management in the fields of public policy, financial management, public procurement and other governance issues for promoting highest standards of professional competence and practice.

Padma Vibhushan awardee Jaitley was the Union Minister for Finance and Corporate Affairs during May 26, 2014 to May 30, 2019.

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Agencies
June 2,2020

Singapore, Jun 2: Moody's Investors Service on Tuesday downgraded 11 Indian banks along with as many non-financial companies and infrastructure majors besides four government-related issuers following a downgrade of the Indian government's issuer rating to Baa3 from Baa2 with a negative outlook.

The rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, volatile oil prices and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets, said Moody's.

The Indian banking sector has been affected given the disruptions to India's economic activity from the coronavirus outbreak, which is weakening borrowers' credit profiles, it added.

The 11 lenders include Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Export-Import Bank of India, HDFC Bank, Indian Overseas Bank, IndusInd Bank, Punjab National Bank, State Bank of India and Union Bank of India.

The 11 non-finance companies are Oil and Natural Gas Corporation, Hindustan Petroleum Corporation, Oil India, Indian Oil Corporation, Bharat Petroleum Corporation, Petronet LNG, Tata Consultancy Services, Infosys, Reliance Industries, UPL Corporation and Genpact.

The 11 infrastructure companies are NTPC, NHPC, National Highways Authority of India, Power Grid Corporation, Gail India, Adani Green Energy Restricted Group (RG-2), Adani Transmission Restricted Group, Adani Ports and Special Economic Zone, Adani Transmission, Adani Electricity Mumbai and Azure Power Solar Energy.

The four Indian government-related issuers are Indian Railway Finance Corporation, Housing and Urban Development Corporation, Power Finance Corporation and REC Ltd.

"Government-related issuers in India have been affected because of disruptions to India's economy which will weaken borrowers' credit profiles," said Moody's.

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