RBI Governor 'highly corrupt', got him removed from Finance Ministry: Subramanian Swamy

Agencies
December 23, 2018

Hyderabad, Dec 23: BJP leader Subramanian Swamy on Saturday alleged that Reserve Bank of India Governor Shaktikanta Das was involved in corruption and termed his recent appointment to the top post a "surprise". Swamy, however, did not give any specific details about the "corruption", an allegation he had made in the past as well.

"The new governor of (RBI) is highly corrupt. I got him removed from the (Finance Ministry). I am calling Shaktikanta Das as a corrupt person. I am surprised that the man I got removed from the Finance Ministry for corruption was brought in as governor," Swamy said at an interactive session at the Indian School of Business in Hyderabad.

Later, when reporters asked Swamy who he thinks should head the RBI, the Rajya Sabha member named Indian Institute of Management, Bangalore, professor R Vaidyanathan. "Professor R Vaidyanathan, former professor of finance (IIM-B), would have been much better. He is also (an) old Sangh man. He is our man," he said, adding that bringing S Gurumurthy on the RBI board was a mistake.

"He (Das) was removed from the Finance Ministry because he tried to interfere in my corruption case against (senior Congress leader) Chidambaram. He is Chidambaram's 'chela' (disciple). When he was in Chennai, he was involved in a lot of corruption," Swamy said.

Das, who spearheaded the post-demonetisation normalisation of the economy, was named the new RBI governor on December 11, a day after incumbent Urjit Patel quit the post.

On being asked about the 2019 general elections, Swamy asserted that the saffron party would come back to power as "there is no anti-incumbency" against the Narendra Modi government.

To a question on Congress president Rahul Gandhi, Swamy alleged he held a British citizenship and cannot become a prime minister, a charge already rejected by the former. "by the way Rahul Gandhi cannot be a prime minister because he is a citizen of Britain and his Indian citizenship will be cancelled, he won't even be an MP," he claimed.

Swamy had in 2016 made the allegation and, after it was raised in the Parliament Ethics Committee, Gandhi, in his response in March that year, had rejected the charge, saying it was a move to malign him.

The BJP leader had alleged that Gandhi declared himself a British citizen to occupy the post of the director of a company there.

On the Ram temple issue, Swamy said, "There is a widespread desire, even in Tamil Nadu, that a Ram temple must be built (in Ayodhya). And we will build it..."

Swamy said he had given a proposal to the Hindu Dharma Acharya Sabha on the Ram temple. He added that he would the fight Ayodhya issue "as he has fundamental right to pray there".

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News Network
June 13,2020

Jun 13: Requiring the wearing of masks to prevent the spread of the novel coronavirus in areas at the epicenter of the global pandemic may have prevented tens of thousands of infections, a new study suggests.

Mask-wearing is even more important for preventing the virus' spread and the sometimes deadly COVID-19 illness it causes than social distancing and stay-at-home orders, researchers said, in the study published in PNAS: The Proceedings of the National Academy of Sciences of the USA.

Infection trends shifted dramatically when mask-wearing rules were implemented on April 6 in northern Italy and April 17 in New York City - at the time among the hardest hit areas of the world by the health crisis - the study found.

"This protective measure alone significantly reduced the number of infections, that is, by over 78,000 in Italy from April 6 to May 9 and over 66,000 in New York City from April 17 to May 9," researchers calculated.

When mask-wearing went into effect in New York, the daily new infection rate fell by about 3% per day, researchers said. In the rest of the country, daily new infections continued to increase.

Direct contact precautions - social distancing, quarantine and isolation, and hand sanitizing - were all in place before mask-wearing rules went into effect in Italy and New York City. But they only help minimize virus transmission by direct contact, while face covering helps prevent airborne transmission, the researchers say.

"The unique function of face covering to block atomization and inhalation of virus-bearing aerosols accounts for the significantly reduced infections," they said. That would indicate "that airborne transmission of COVID-19 represents the dominant route for infection."

The U.S. Center for Disease Control and Prevention on Friday urged organizers of large gatherings that involve "shouting, chanting or singing to strongly encourage the use of cloth face coverings to lower the risk of spreading the coronavirus."

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News Network
June 9,2020

New Delhi, Jun 9: Petrol price on Tuesday was hiked by 54 paise per litre and diesel by 58 paise a litre - the third straight daily increase in rates after oil PSUs ended an 82-day hiatus in rate revision.

Petrol price in Delhi was hiked to Rs 73.00 per litre from 72.46, while diesel rates were increased to Rs 71.17 a litre from Rs 70.59, according to a price notification of state oil marketing companies.

This is the third daily increase in rates in a row. Oil companies had on Sunday restarted revising prices in line with costs, after ending an 82-day hiatus.

Prices were raised by 60 paise per litre each on both petrol and diesel on Sunday as well as on Monday. In all, petrol price has gone up by Rs 1.74 per litre and diesel by Rs 1.78 a litre in three days.

Oil PSUs - Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) - had put daily price revisions on hold soon after the government on March 14, hiked excise duty on petrol and diesel by Rs 3 per litre each.

Oil companies did not pass on that excise duty hike, as well as the May 6 increase in tax on petrol by Rs 10 per litre and Rs 13 a litre hike on diesel by setting them off against the decline in retail prices that should have effected to reflect international oil rates falling to two-decade low.

International rates have since rebounded and oil companies having exhausted all the margin are now passing on the increase to customers, an industry official said.

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News Network
April 20,2020

Mumbai, Apr 20: At least 53 media persons from Mumbai have tested positive for coronavirus, a city civic official said on Monday.

During a special camp organised at the Azad Maidan here on April 16 and 17 for COVID-19 testing of scribes, the Brihanmumbai Municipal Corporation (BMC) collected swab samples of 171 mediapersons, including electronic and print media journalists, photographers and cameramen.

“Out of the 171 mediapersons, 53 tested positive for coronavirus,” BMC spokesperson Vijay Khabale said, adding that most of those who tested positive are asymptomatic at present.

All the mediapersons found infected with coronavirus will be kept in isolation and a process was underway to find out suitable places to the purpose, he said.

Efforts were also on to trace their high and low risk contacts.

Till Sunday, Mumbai recorded 2,724 coronavirus cases and 132 deaths due to the disease.

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