Owaisi-led MIM’s tie up with BMM will only help BJP: Shiv Sena

Agencies
September 17, 2018

Mumbai, Sept 17: Terming the proposed pre-poll alliance between the All India Majlis-e-Ittehad-ul Muslimeen (AIMIM) and Prakash Ambedkar-led Bharipa Bahujan Mahasangh (BBM) as "bogus", the Shiv Sena said Monday that such a political move is not a good omen.

The alliance would only benefit the BJP, the Sena claimed, alleging that the move by the BBM chief, who is the grandson of late Dr B R Ambedkar, is akin to betraying people of his own community.

The political alliance of Owaisi and Ambedkar is only for someone's defeat and is a well-planned strategy," it said, without naming any party.

Leaders of the AIMIM and the BBM had said Saturday that both parties will forge an alliance for the Lok Sabha and Maharashtra Assembly polls in 2019.

Asaduddin Owaisi, chief of the Hyderabad-headquartered AIMIM, had said that preliminary talks held between the two parties yielded positive results.

"The proposed political alliance of the AIMIM and Prakash Ambedkar's front of scheduled castes is not a good omen," the Sena said in an editorial in party mouthpiece 'Saamana'

Till now, both were carrying out activities behind the curtains in support of the BJP, but now they will come out openly to help the saffron party, said the Sena, which is an ally of the BJP at the Centre and in Maharashtra.

It said instead of openly joining hands with the BJP, they have chosen to set up a new front, which has nothing to do with the line of thinking of late Babasaheb Ambedkar, the architect of the Indian Constitution.

"Babasaheb fought against the wrong, unjust traditions of Hindu religion but he never joined hands with radical Muslim groups. He even rejected an offer to convert to Islam," the Marathi publication said.

The AIMIM is a "corrupt version" of the Muslim League, it alleged, adding that it is involved in Muslim vote bank politics.

"One Owaisi brother had allegedly remarked that 25 crore Muslims could easily overpower Hindus in this country. The grandson of late Babasaheb Ambedkar joining hands with such people is like betraying people of his own community," it said.

"However, any rational Muslim or a scheduled caste youth will not fall for such a bogus alliance," it added.

Alleging that Owaisi's language propagates "anarchism", the Sena asked Prakash Ambedkar to clarify if he is comfortable with it.

"If someone construes that BBM's joining hands with Owaisi would lead to instigating the scheduled caste youth and fuel riots in the state, then what answer does Prakash Ambedkar have for it?" it sought to know.

Most of the scheduled caste community outfits are already affiliated to some mainstream political party. The leaders are more interested in their self-growth than helping the community, the Sena said.

"The schedule castes are already divided into several factions, such as Athawale, Kawade, Gavai and Ambedkar. Instead of these factions floating their own front, Prakash Ambedkar is joining hands with the AIMIM," it said, wondering if such a move will be accepted to the scheduled caste youth.

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News Network
May 24,2020

New Delhi, May 24: The Indian economy is likely to slip into recession in the third quarter of this fiscal as loss in income and jobs and cautiousness among consumers will delay recovery in consumer demand even after the pandemic, says a report.

According to Dun & Bradstreet's latest Economic Observer, the country's economic recovery will depend on the efficacy and duration of implementation of the government's stimulus package.

"The multiplier effect of the stimulus measures on the economy will depend on three key aspects i.e. the time taken for effecting the withdrawal of the lockdown, the efficacy of implementation and duration of execution of the measures announced," Dun & Bradstreet India Chief Economist Arun Singh said.

The report noted that the government's larger-than-expected stimulus package is likely to re-start economic activities.

Besides, measures taken by the Reserve Bank of India like reducing the repo rate by a further 40 basis points to 4 per cent, extending the moratorium period by three months and facilitating working capital financing will also help stimulate the momentum.

Singh said while the measures announced by the government are "positive", most of them have been directed towards strengthening the supply side of the economy, and "it is to be noted that supply needs to be matched with demand", he said.

Besides, "in the absence of cash-in-hand benefits under the government's stimulus package, demand for goods and services is expected to remain depressed", he added.

He further said the loss in income and employment opportunities, and cautiousness among consumers, will lead to a delayed recovery in consumer demand, even after the pandemic. As debt and bad loan levels increase, the banking sector might face challenges.

The report further noted that even as the monetary stimulus is expected to inject liquidity and stimulate demand for a wider section of the economy, the channelisation of funds from the financial institutions will be subjected to several constraints.

The foremost concern being increase in risk averseness, as the balance sheets of firms, households, and banks/NBFCs have weakened considerably and low demand for funds by firms as production activities have been on a standstill during the lockdown period, Singh said.

India has been under lockdown since March 25 to contain the spread of the coronavirus, resulting in supply disruptions and demand compression.

Prime Minister Narendra Modi imposed a nationwide lockdown to control the spread of coronavirus on March 25. It has been extended thrice, with some relaxations. The fourth phase of the lockdown is set to expire on May 31. 

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Agencies
July 14,2020

Mumbai, Jul 14: Bhima Koregaon case accused Varavara Rao was admitted to JJ Hospital in Mumbai on Monday night.

Rao who is in Taloja proson was rushed to the hospital following complaint of dizziness.

Rao was arrested in November 2018 along with five others, for alleged links with Naxals and for inciting the violence.

On January 1, 2018, the violence at Bhima Koregaon village in Pune district left one dead and several others injured including 10 policemen.

Violence erupted after some people, reportedly with saffron flags, pelted stones at cars heading towards the village for the commemoration of 200 years of Bhima-Koregaon war on New Year's Day.

The police had filed 58 cases against 162 people.

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Agencies
June 10,2020

New Delhi, Jun 10: The Enforcement Directorate (ED) on Wednesday brought back over 2,300 kg of polished diamonds and pearls worth Rs 1,350 crore of firms belonging to Nirav Modi and Mehul Choksi from Hong Kong, officials said.

Out of the 108 consignments that landed at Mumbai, 32 belong to overseas entities "controlled" by Modi while the rest are of Mehul Choksi firms.

Both the businessmen are being probed by the ED under the Prevention of Money Laundering Act (PMLA) in connection with an over USD 2 billion alleged bank fraud at a PNB branch in Mumbai.

The valuables include polished diamonds, pearls and silver jewellery, and is worth Rs 1,350 crore. 

The ED completed "all legal formalities" with authorities in Hong Kong to bring back these valuables, the agency said.

These will formally seized under the PMLA now, it said.

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