Rahul mocks Modi's Bihar package promise, fears it may go OROP way

August 18, 2015

Amethi, Aug 18: Rahul Gandhi today made light of Prime Minister Narendra Modi's announcement of a Rs 1.25 lakh crore package for poll-bound Bihar, saying he is in the habit of giving such promises for votes and feared it would go the "One Rank One Pension" way.

rahulThe Congress Vice President also said that Modi has funds for Bihar package, but when it comes to ex-servicemen, he cites shortage of money. "He has money for foreign trips, but not for our jawans."

Hours after Modi announced the Bihar package at a rally in the state, Rahul on a two-day visit to his Lok Sabha constituency pilloried the prime minister and said he would not be surprised if he announces a similar package for Uttar Pradesh before it goes to polls which is due in 2017.

"Modi had promised OROP during Lok Sabha elections. Has the promise been fulfilled?" Rahul retorted when his comments were sought on Modi's Bihar package. Ex-servicemen are agitating in Delhi for implementation of Government's promise of One Rank, One Pension(OROP).

Rahul was talking to reporters in Raniganj village in Shukulbazar on the first day of his visit.

On his first visit to Amethi after the Monsoon session of Parliament which saw Congress creating a storm over issues like Vyapam scam, Lalit Modi row and Land Acquisition Bill, Rahul also made a scathing attack on the Modi government, accusing it of working only for the sake of capitalists.

"Modi spoke about package in Bihar. By making such promises, time is wasted. He speaks and people listen and then comes another promise. BJP and Modi ji think that the whole world lives in dreams.

"But the world works to earn their money and this is a joke that is happening. And they are thinking that the countrymen will not understand this. Give them 1.5 lakh crore rupees and they will be in agreement... That if they (people) are made promises of job, they will fall (for them)," he said at an interaction with locals.

The Congress leader reminded people of Modi's promise of getting back black money from abroad and depositing Rs 15 lakh in the bank account of every citizen on coming to power.

"What happened to the promise," he posed, adding Modi was only luring the people of Bihar by promising a bountiful package.

Rahul also charged the Modi government with changing the parameters of measuring the economic growth to claim that it was growing at a good rate.

"Finance Minister Arun Jaitley does not want to say that India is not growing at a rapid pace. He has changed the way the GDP is measured. The whole world is saying what have you done?" he said.

The Congress vice president also claimed credit for the government's failure in getting the parliamentary nod for the amended land bill, saying his party "saved" the farmers land by putting up a fight in Parliament.

He alleged that the land bill smacked of Modi government's intention to snatch land from farmers and give it to capitalists.

"Narendra Modi government is working only for the sake of capitalists," he said while interacting with people in Pure Ladai village.

Rahul asked farmers as to how many of them have got jobs in return for their land acquired by the government.

The Congress, he said, could alone protect the interests of the country for which the party needs to be strengthened.

Rahul alleged that the NDA government wanted to grab the land of the farmers through Land Acquisition Bill, "but Congress went hammer and tongs against the measure and opposed it".

He said Modi believed that Congress members, after being reduced to 44 in Lok Sabha, would not be able to fight.

"Modi said they are 40-45, what can they do? We fought in Parliament and saved your land," he added.

At the same time, he said his party could not meet the aspirations of the people to the desired extent as it was not in power at the Centre or Uttar Pradesh.

"It is amusing that the PM talks about his "Man ki Baat". We are not interested in his "man ki baat", we are interested in your "man ki baat'," he told the locals.

The Congress leader said that PM's words must carry some weight and not end up as a tall talk.

"But he only gives speeches and makes promises, which never get fulfilled. When BJP come under pressure a new promise is made. We have to fight against this," he said.

Rahul, who landed at Chaudhary Charan Singh Airport at Lucknow this morning, headed straight to his constituency to hold a series of interactions with the people to apprise them of Centre's "anti-people" policies.

During his brief stopovers on way to Amethi, he sought to drive home the point that Congress alone could protect the interest of the nation.

"It is your duty to strengthen Congress. The future of the country lies in the hands of Congress," was his refrain at his roadside meetings with locals.

He also raked up External Affairs Minister Sushma Swaraj's help to former IPL boss Lalit Modi, who he alleged is "the number one broker of black money".

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Agencies
June 26,2020

New Delhi, Jun 26: Congress president Sonia Gandhi on Friday said the central government cannot shirk its responsibility of securing our borders with China and asked Prime Minister Narendra Modi to take the nation into confidence on the situation in Ladakh.

In a video message put out as part of the Congress party's campaign to honour the Army personnel who sacrificed their lives in Ladakh, she asked why the country's soldiers were martyred when China has not captured any Indian territory, as claimed by the Prime Minister.

"Today when there is a crisis-like situation at the India-China border, the central government cannot shirk its responsibility (of securing them)," she said in a video message as part of 'SpeakUpForOurJawans' campaign.

"The country wants to know if China has not captured our land in Ladakh, as claimed by the Prime Minister, then why were our 20 soldiers martyred," she asked.

She said while the Prime Minister says there is no intrusion into Indian territory, experts after seeing satellite images talk of the presence of Chinese troops in our territory confirming the intrusions.

"When and how will the Modi government take back from China our land in Ladakh? Is our territorial integrity being violated by China in Ladakh? Will the Prime Minister take the nation in confidence on the situation at the border?" Gandhi asked.

She said the government should give full support and strength to the Army, saying "this will be true patriotism".

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News Network
March 6,2020

New Delhi, Mar 6: As panicky depositors rushed to withdraw money from Yes Bank whose control was seized by the RBI in a dramatic late-night move, Finance Minister Nirmala Sitharaman on Friday assured depositors that their money is safe and said the central bank was working for an early resolution of the crisis.

The Reserve Bank of India (RBI) on Thursday evening capped withdrawals at Rs 50,000 for the next one month and imposed strict limits on operations at the country's fourth-largest private lender that faced "regular outflow of liquidity" after an effort to raise new capital failed.

"I am in continuous interaction with the RBI. The RBI is fully seized of the matter and has assured they will give a quick resolution," Sitharaman said here.

She said no depositor will lose his or her money and insisted that the immediate priority is to ensure Yes Bank customers are able to withdraw money within the stipulated cap.

"I want to assure every depositor that their money shall be safe. Their monies are safe," she said. "I am constantly in contact with the RBI and the steps that are taken are taken in the interest of depositors, banks and economy. We are fully seized of the development."

She was talking to reporters after meeting State Bank of India (SBI) Chairman Rajnish Kumar. On Thursday, the SBI board gave its "in-principle" approval to exploring investment opportunities in Yes Bank.

"So I repeat, the depositors can be assured that their money is safe," she said.

Soon after the RBI takeover, depositors thronged Yes Bank ATMs to withdraw money and police had to be deployed in some places to control the crowds.

Yes Bank has 1,000 branches across the country.

Refusing to elaborate on her meeting with the SBI chairman, the minister said that "was on a completely different matter".

"RBI governor has given me assurance that there will be an appropriate resolution soon. No depositor will lose (money)," she said. "Reserve Bank has taken cognizance of the problem."

The central bank, she said, has gone through the "process over and over again to find out an amicable solution".

"And that has been over the last couple of months. So it is not as if they have come in suddenly now. We have been monitoring the situation," she said adding the RBI has appointed an administrator who previously was with the SBI.

"Both the RBI and the government are looking at this with all the details before them, not just today. I have personally monitored the situation over the last couple of months with the RBI. Therefore we have taken a course which will be in everybody's interest," she added.

Yes Bank had been seeking new capital since last year to bolster its ratios and quell questions about its stability due to its exposure to the non-banking finance industry entangled in a prolonged crunch in the local credit market.

The SBI chairman said the resolution to the Yes Bank crisis will come "very shortly".

"This is not a sectoral problem. It is a bank-specific problem," he said. "The RBI will take all steps to ensure financial stability."

On SBI picking up a stake in Yes Bank, he said the lender already has an in-principle approval for doing so.

"If SBI has to pick up a stake in Yes Bank, we have an in-principle approval for that," he said.

Commenting on the crisis at Yes Bank, Alka Anbarasu, Vice President – Senior Credit Officer, Financial Institutions, Moody's Investors Service, said: "RBI's moratorium on Yes Bank is credit negative as it affects timely repayment of bank depositors and creditors."

"While Moody's expects Indian authorities will take steps to prevent the weakness in the bank's viability from significantly impacting its depositors and senior creditors, the lack of a coordinated and timely action highlights continued uncertainty around bank resolutions in India," she said.

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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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