Opposition parties divided over ways to protest demonetisation

November 28, 2016

New Delhi, Nov 28: The demonetisation exercise by the Modi government has brought a rarely seen unity among opposition parties, but they stand divided over the way they would protest against the measure today.

demonetisation

While the Left parties, including the CPI(M) and CPI have called a 12-hour bandh to protest against demonetisation of old high-value currency notes in West Bengal, Mamata Banerjee's TMC will not join it and only hold protests.

The Congress too has decided not to go for a bandh. Senior party leader Jairam Ramesh said no 'Bharat Bandh' has been called by the party which will hold nation-wide protests as part of 'Jan Aakrosh Diwas'.

The JD(U) has decided not to participate in the protests by opposition parties tomorrow or West Bengal Chief Minister Mamata Banerjee's proposed dharna in Patna on November 30 after its leader and Bihar Chief Minister Nitish Kumar welcomed the demonetisation decision.

"We have supported he Centre's demonetisation move. How can we oppose or be the part of activity like bandh which is meant to protest the issue which our party has strongly supported," Bihar unit JD(U) President Bashishtha Narayan Singh said.

"JD(U) will not be part of any agitation against demonetisation including the dharna by Mamata Banerjee on November 30 in Patna," party Secretary General K C Tyagi said.

"We have taken an ideological position in favour of demonetisation so how can we be part of any agitation seeking its roll back," Tyagi said.

Odisha's ruling BJP will also not join the protests with its leader and Chief Minister Naveen Patnaik having hailed the demonetisation decision.

The opposition parties have been divided over the ways to protest against demonetisation ever since Mamata Banerjee decided to march to the President against it. While she was joined by AAP, National Conference and Shiv Sena, an NDA ally, other opposition parties stayed away. Shiv Sena has backed demonetisation but is unhappy over the way it was causing problems to people.

Mamata's TMC and Delhi Chief Minister Arvind Kejriwal's AAP are the only parties which have demanded a roll back of the exercise, while other parties have voiced displeasure over the way it was being implemented which was causing hardship to common people.

Comments

Rikaz
 - 
Monday, 28 Nov 2016

Suresh, how come you say if someone not protesting then is a patriot and there are common men wants to lead their day to day life, they need money to buy items....they don't have money because they don't have bank account or debit or credit card....government is there to make common men's life easy not hard...overnight someone passes a law and if someone is not prepared to obey is not patriot, how come you say that.....ours is democratic country and every individual is having his or her own right of peaceful protest or say...we did not vote for a person who can rule us in iron fist....

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News Network
January 8,2020

Mangaluru, Jan 8: A 23-year-old youth has been booked under the POCSO Act on charges of abduction and sexual abuse of a minor girl.

Police said on Wednesday day that the accused identified as Aneesh Dias, a resident of Chikkamadnur has reportedly gone absconding. The victim, who hails from Puttur, is a I PU college student.

The victim's parents had filed a missing complaint with Puttur Rural police as their daughter did not return home after leaving home for college. The police investigating the complaint traced the girl.

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News Network
June 6,2020

Jun 6: Private sector lender Karnataka Bank has reported to the RBI that it has been defrauded of over Rs 285 crore consequent to loans gone bad to four entities including DHFL.

A total of Rs 285.52 crore has been reported as fraud wherein the bank was one of the consortium lenders during 2009 to 2014 to Dewan Housing Finance Corporation Ltd (DHFL), Religare Finvest, Fedders Electric and Engineering Ltd and Leel Electricals Ltd, Karnataka Bank said in a regulatory filing on Friday.

The maximum is owed by DHFL at Rs 180.13 crore, followed by Religare Finvest Rs 43.44 crore, Fedders Electric Rs 41.30 crore and Leel Electricals Rs 20.65 crore.

"DHFL (defaulted entity) dealing with us since 2014 had availed various credit facilities under consortium arrangement wherein, we were one of the member banks. In view of Early Warning Signals (EWS) in the conduct of the account and other developments, the account was red flagged on November 11, 2019.

"The borrowing account was classified as Non-Performing Asset on October 30, 2019 and now, for misappropriation & criminal breach of trust & diversion of funds in the credit facilities extended earlier to the company, a fraud amounting Rs 180.13 crore has been reported to RBI," Karnataka Bank said.

Likewise, Religare Finvest Ltd (RFL) was dealing with the bank since 2014, availing various credit facilities.

Following classification of this account as non-performing in October 2019 by a consortium member, Karnataka Bank reported to RBI a fraud amounting to Rs 43.44 crore in the credit facilities extended earlier, on account of diversion of funds.

Leel Electricals was classified as NPA account in March 2019 and it reported to RBI a fraud amounting to Rs 20.65 crore in the credit facilities to the company on account of diversion of funds.

"In all the referred three non-performing accounts, necessary provisions have been made in full to be spread across four quarters," it said.

Fedders Electric and Engineering Limited was reported as NPA in July 2018 by a member bank in consortium, subsequent to which Karnataka Bank reported fraud of Rs 41.30 crore on account of fund diversion.

The account has already been fully provided for, it added.

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coastaldigest.com web desk
June 21,2020

Bengaluru, June 21: Three youngsters lost their lives when an alleged wheeling stunt turned near Jakkur flyover in the city today morning. 

The deceased have been identified as Mohammed Hadi, Ahmed Khan and Syed Riaz, all residents of Nagavara Govindapura.

The tragedy took place at around 6:30 a.m. While two among them died on the spot, the third one breathed his last at a hospital, soruces said.

Yelahanka traffic police have registered a case in this regard. 

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