Tejpal not my nephew, says Sibal

November 27, 2013

New Delhi, Nov 27: Stung by BJP's attack in the Tehelka case, Law Minister Kapil Sibal today hit back at the principal Opposition and the RSS, accusing them of vilifying his name and said magazine's editor Tarun Tejpal was not related to him and he does not hold shares in the entity.

Hours after Leader of the Opposition in the Lok Sabha Sushma Swaraj tweeted that a "Union Cabinet Minister who is the founder and patron of Tehelka is shielding Tarun Tejpal," Sibal said leaders who are "tangentially talking about me should name me if they have the courage."

Swaraj had not named anyone in the tweet.Tehelka_founder

The Congress leader also referred to a message in circulation in the social media which said that Tejpal is the son of Sibal's real sister and that the Union minister held 80 per cent shares in Tehelka.

"There is a message going around in the social media which says that Tarun Tejpal is the son of a Punjab Congress Committee member and an MLA. I don't know...

"Then it says his mother is the real sister of Kapil Sibal. Now, I am sorry, I did not expect the RSS and the BJP to stoop to this level. They can attack me politically, but they should not bring my family into it," he told reporters here.

Sibal said he has only one sister, Asha Nanda, who lives in Maharani Bagh here. "I have no other sister," he said.

"...because I have been attacking (Narendra) Modi and attacking the BJP, obviously for them this is the only way to spread lie and to vilify my name. And if they have the courage they should name me. These political leaders who are tangentially talking about me should name me if they have the courage," he said.

Referring to claims that he held 80 per cent shares in Tehelka magazine till 2011, he said, "I don't even have a single share. No share has ever been alloted to me."

Sibal said he does not believe in "this kind of political discourse" ahead of Lok Sabha elections.

"What if I were to say, remember that image of the Leader of the Opposition with her head on shielding the Reddy brothers. But this is not the kind of political discourse we want in this country. We are going into a general election, let's talk about issues," he said.

Sibal said opposition parties should "not reduce the general election as if you have applied for a life-long patent for lies. Maybe the RSS has that life-long pattern, but at least the Leader of the Opposition should not apply for the licence of that patent."

Referring to the message in circulation in the social media which claims that under such circumstances, justice could not be given to the junior journalist who was allegedly sexually assaulted by Tejpal, he said it was unfair to drag him in the issue.

"Now, in such a sensitive matter, when courts are dealing with it, these people are trying to politicise the issue and bring my fair name into the picture merely because they know that I state facts about their leader," he said.

On Swaraj's tweet, Sibal said "there is someone in BJP who has said that I am shielding Tejpal. That person should have the courage to name me."

"I think that at least the leaders of opposition of political parties, those who claim to have been in the law should be a little more sensitive in a matter which involves a young girl and not politicise these matters," he said.

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News Network
July 1,2020

Mumbai, Jul 1: Mumbai police on Wednesday imposed section 144 of CrPC prohibiting the movement of people in public places and gatherings, to prevent the spread of Covid-19, an official said.

The prohibitory order, issued by a senior police official, says restrictions on the movement of residents for non- essential work will remain in force till July 15.

The order prohibits "presence or movement of one or more persons in public places or gathering of any sort", the official said.

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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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News Network
June 11,2020

The Indian National Congress is considering to move court seeking action against operation lotus,  after an audio clip in which Madhya Pradesh chief minister Shivraj Singh Chouhan can be heard saying that the Central leadership of Bharatiya Janata Party wanted the Kamal Nath government to fall went viral.

Mr Chouhan is also heard saying in the purported 9.28-minute long audio clip that it was not possible to pull down the Kamal Nath government without the help of Jyotiraditya Scindia and his loyalist, former Congress MLA Tulsi Silawat.

The Congress, which has all along maintained that the BJP had hatched a conspiracy to pull down the 15-month-old Kamal Nath government to “capture” power in MP, threatened legal action.

“I have been maintaining from the very beginning that there was a conspiracy to pull down my duly elected government… The audio has established that the BJP’s Central leadership had conspired to pull down my government even though it enjoyed majority,” former chief minister and Congress veteran Kamal Nath said.

Working president of MP Pradesh Congress Committee (PCC) Jitu Patwari said his party may move court against the BJP for having plotted to dislodge an elected government following the expose in the purported audio.

Mr Chouhan was reportedly addressing BJP workers of Sanware Assembly constituency in Indore on Monday when he allegedly said in Hindi, “The Central leadership (of BJP) decided that the (Kamal Nath) government should fall. They (the Kamal Nath government) will ruin and destroy … Tell me, was it possible to dislodge the government without Jyotiraditya Scindia and Tulsi Bhai? There was no other way.”  

The “Tulsi Bhai” referred to in the clip is former health minister who joined the BJP along with Mr Scindia.

“In the coming bypoll if Tulsi Silawat doesn’t become MLA again, will I be able to remain CM, will the BJP government survive?” he allegedly said, exhorting BJP workers to overcome their differences and work for Mr Silawat’s victory in the upcoming by-elections in the Sanwer Assembly seat.

Twenty-two Congress MLAs, loyal to Mr Scindia, had resigned from the Assembly leading to the fall of the Kamal Nath government on March 20, paving the way for Mr Chouhan to return as chief minister for the fourth time.

All the 22 ex-Congress MLAs later joined the BJP with Mr Scindia. Two of them, Mr Silawat and Govind Singh Rajput, have been inducted into the Shivraj Singh Chouhan Cabinet.

The BJP has vehemently denied any role in the collapse of the Kamal Nath government. Neither the saffron party’s Central leadership nor Mr Chouhan have reacted to the audio clip yet

But the party’s state spokesperson Rajneesh Agrawal dismissed the charge that it had a hand in the fall of the Kamal Nath government.

“Infighting in Congress had led to the fall of the Kamal Nath government,” he said.

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