PM's defence on pricing of Rafale deal demolished:Rahul

Agencies

February 13, 2019

New Delhi, Feb 13: Stepping up his attack on Prime Minister Narendra Modi over the Rafale issue, Congress president Rahul Gandhi on Wednesday cited a media report to claim that the PM's argument of better pricing and faster delivery of the jets to defend the deal has been "demolished".

His attack came after a report in The Hindu which claimed that the Rafale deal was not on"better terms" than the UPA-era offer.

"The PM defended his personal RAFALE bypass deal on 2 counts: 1. Better Price 2. Faster Delivery. Both have been demolished by the revelations in the Hindu today," he tweeted.

The government has in the past rejected all such allegations and claims against the deal.

Three senior Defence Ministry officials who were the domain experts on the seven-member Indian Negotiating Team (INT) came to a "well-substantiated and clear conclusion" that the Narendra Modi government's new Rafale deal for 36 flyaway aircraft was not on "better terms" than the offer made by Dassault Aviation during the procurement process for 126 aircraft under the United Progressive Alliance government, the report in the English daily said.

Citing the report, Congress' chief spokesperson Randeep Singh Surjewala said the "theft has been caught".

Surjewala highlighted four points citing the report -- price of 36 Rafale jets was 55 per cent higher than the UPA-era offer, loss incurred by not taking 25 per cent discount for Rafale as offered by Eurofighter, bank and sovereign guarantee waived, and no aircraft for 10 years with escalation cost to be paid.

The Congress' attack came a day after, Gandhi accused the prime minister of "treason" and violating the Official Secrets Act by acting as Anil Ambani's "middleman" in the Rafale jet contract, citing an email to claim the businessman was aware of the deal days before India and France finalised it.

The BJP, however, had rejected the charge, saying the email purportedly by an Airbus executive referred to a helicopter deal and not Rafale.

Reliance Defence, in a statement, also refuted Gandhi's allegation saying the "proposed MoU" mentioned in the email referred to its cooperation with Airbus Helicopter.

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SBI complains to CBI after Rs 411 crore loan defaulter flee country

News Network

May 9,2020

New Delhi, May 9: Three promoters of Ram Dev International, recently booked by the CBI for allegedly cheating a consortium of six banks to the tune of Rs 411 crore, have already fled the country before the State Bank of India reached the agency with the complaint, officials said on Saturday.

The CBI had recently booked the company engaged in export of Basmati rice to the West Asian and European countries and its directors Naresh Kumar, Suresh Kumar and Sangita on the basis of complaint from the State Bank of India (SBI), which suffered the loss of more than Rs 173 crore, they said.

The company had three rice milling plants, besides eight sorting and grading units in Karnal district with offices in Saudi Arabia and Dubai for trading purposes, the SBI complaint said.

Besides SBI, other members of consortium are Canara Bank, Union Bank of India, IDBI, Central Bank of India and Corporation Bank, they said.

The Central Bureau of Investigation (CBI) did not carry out any searches in the matter because of the coronavirus-induced lockdown, the officials said.

The agency will start the process of summoning the accused, incase they do not join the investigation, appropriate legal action will be initiated, they said.

According to the complaint filed by SBI, the account had become non-performing asset (NPA) on January 27, 2016.

The banks conducted a joint inspection of properties in August and October, nearly 7-9 months later only to find Haryana Police security guards deployed there, they said.

"On inquiry, it has been come to notice that borrowers are absconding and have left the country," the complaint filed on February 25, 2020, after over a year of account becoming NPA, the officials said.

The complaint alleged that borrowers had removed entire machinery from old plant and fudged the balance sheets in order to unlawfully gain at the cost of banks'' funds, it said.

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Will bury alive those who raise slogans against Modi and Yogi: UP Minister

Agencies

January 14,2020

Aligarh, Jan 14: Uttar Pradesh Minister Raghuraj Singh has courted a major controversy after he said that people who raise slogans against Prime Minster Narendra Modi and Uttar Pradesh Chief Minister Yogi Adityanath "would be buried alive".

The minister said this on Sunday while addressing a rally in Aligarh to muster support for the Citizenship Amendment Act (CAA) 2019.

"If you raise slogans against Prime Minister Narendra Modi or Chief Minister Yogi Adityanath, I will bury you alive," he threatened.

He was apparently referring to protests held by students of Aligarh Muslim University against the CAA during which they allegedly raised slogans against the Prime Minister and the chief minister.

The minister further said: "These one per cent people are opposing the CAA. They stay in India, eat up our taxes and then raise 'murdabad' slogans against the leaders. This country belongs to people of all faiths, but slogan shouting against the Prime Minister or chief minister is unacceptable."

He also launched an attack on India's first Prime Minister Jawaharlal Nehru. "What was Nehru's caste? He did not have a 'khaandan'," he claimed.

Raghuraj Singh is minister of state in the labour ministry in Uttar Pradesh.

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All will be burried alive including you.

Oh coward, do not bark with your majority stupids and illeterates.

Face 1 to 1.

You will know the result

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India's 2020 gold demand may hit 26-year low as prices rally: WGC

Agencies

July 30,2020

New Delhi, Jul 30: India's gold demand in 2020 is expected to fall to the lowest level in 26 years with domestic bullion prices hitting a record high and as falling disposable incomes could curtail retail purchases, the World Gold Council (WGC) said on Thursday.

Lower demand by the world's second-biggest bullion consumer could limit a rally in global prices, which hit a record high earlier this month, although it could also reduce India's trade deficit and support the ailing rupee.

"Fast rising gold prices could act as headwinds," said Somasundaram PR, the managing director of WGC's Indian operations.

Local gold futures have jumped 35% so far this year after rising a quarter in 2019.

India's gold consumption in the first half of 2020 plunged 56% on-year to 165.6 tonnes. Meanwhile, the coronavirus-triggered lockdown also slashed demand by 70% in the June quarter to 63.7 tonnes, the lowest in more than a decade, the WGC said in a report published on Thursday.

Millions of Indians have lost their jobs or taken a pay cut after the country imposed a lockdown on its 1.3 billion people to curb the spread of the virus that has infected more than 1.5 million Indians.

Consumption is generally high during the June quarter due to weddings and key festivals such as Akshaya Tritiya, but lockdown restrictions kept shoppers indoors this year.

The weak demand in the first half could drag down India's gold consumption in 2020 to the lowest since 1994, when demand stood at 415 tonnes, Somasundaram said, adding that it is still difficult to provide an estimate for full-year demand as the coronavirus crisis is still unfolding.

"Indian demand has previously jumped as much as 300 tonnes in a quarter. Latent demand could come out in the second half," Somasundaram said.

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