Those behind chit fund scams attacking me, claims Modi

November 21, 2016

Agra, Nov 21: Prime Minister Narendra Modi on Sunday said political leaders behind multi-crore chit fund scams are attacking him as they have been hit hard by demonetisation.

modichitModi’s remarks were seen as a sharp attack on West Bengal Chief Minister Mamata Banerjee.

The prime minister also hit out at the Congress saying governments in the past 70 years kept quiet on blackmoney because they were worried about losing power.

Addressing a ‘Parivartan rally’ here, Modi cautioned people holding Jan Dhan accounts not to allow themselves to be used for laundering the money of the rich by depositing their ill-gotten wealth as they could unnecessarily get into problems with the law.

“I know what sort of people are raising their voice against me. Does the country not know whose money was invested in chit fund business? Lakhs and crores of poor people invested money in chit funds. But with the blessings of politicians, crores and crores of rupees have vanished,” he said in barbs aimed apparently at Mamata, who had been rallying political leaders against the demonetisation decision. However, the prime minister did not name any leaders.

Veiled attack on Congress

Modi said previous governments did not take any step to check black money as they were worried more about losing power than about the country.

“For how long will the country keep quiet? They (previous governments) kept quiet for 70 years. Not because they were unaware of this disease. They worried less about country and more about power. That’s why they were not ready to take any step (to check it),” the Prime Minister said, in a veiled attack at Congress.

He said fake currency notes were pushed into the country and because of the demonetisation, the business of drugs and other narcotics have come to stand still. “This is a big jolt to the business of fake Indian currency,” the prime minister said.The prime minister said his demonetisation decision had severly hit the parties whose leaders seek money in lieu of tickets for contesting Assembly polls, in a veiled attack on BSP chief Mayawati, who has been facing such charges.

“I know some people have lost everything (because of demonetisation). (if) you have to become MLA, bring so many notes, then you will become an MLA. Notes had been stashed. What will happen to these notes? Whom did these notes belong to? Did these not belong to the poor and honest people? This game should come to an end,” Modi said here in the poll-bound state.

Comments

naren kotian
 - 
Monday, 21 Nov 2016

look at the comments ,it is well understood ... why burnol sales and itch guard sales went up in one particualr community dominatd areas ... hahaha instead of screaming one mullah also came and start commenting hahahaha.... jai sri ram ... we must over throw this jihadist menace and their empire built around with a parallel exconomy must be brutally crushed ... we are with you narendra modiji ... clamp down on all bhagyas ..

Arif
 - 
Monday, 21 Nov 2016

When more than 50% people do not have bank accounts and when 85% of the cash is removed from the market, mathematics say that something has to go wrong.

Ibrahim
 - 
Monday, 21 Nov 2016

No hope of recovery...... sab kuch khatam hogaya lagta hai

Skazi
 - 
Monday, 21 Nov 2016

What else we can expect from this Beef Exporter and Slave of Bellary reddy ....

abdullah
 - 
Monday, 21 Nov 2016

Chor sale andha hai kya ???
Thuje nazar nehi aatha desh me kya horaha hai our ghareeb log kitne mushkil utaarahehain there waje se...

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News Network
April 8,2020

Jamnagar, Apr 7: A 14-month-old baby boy, who had tested positive for coronavirus in Gujarat's Jamnagar district on April 5, died of multiple organ failure on Tuesday, said officials.

The toddler, son of a migrant labourer-couple having no recent travel history, died in the evening at a government hospital in Jamnagar, said an official release.

He was in a critical condition ever since he was admitted to the hospital, it said.

The boy, who tested positive for coronavirus two days ago, was as on ventilator support and eventually died due to multiple organ failure, said the release.

He becomes the youngest patient to succumb to COVID-19 in Gujarat, where the death toll has now gone up to 16.

The baby was the first and the only case of coronavirus infection so far in entire Jamnagar district and the youngest to be diagnosed with the disease in Gujarat.

Ever since he tested coronavirus positive, the authorities had been tracing the source of his infection.

His parents are from Uttar Pradesh and work as casual labourers in factories in the port city.

His parents, who have no travel history in the recent past, are asymptomatic (not showing symptoms) and kept under quarantine, officials said.

The locality where the couple resides in Dared village near Jamnagar city has been put under complete lockdown to check the spread of the virus, they said.

Gujarat has so far recorded 175 coronavirus positive cases and 16 fatalities.

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News Network
July 15,2020

New Delhi, Jul 15: Former Rajasthan deputy chief minister Sachin Pilot on Wednesday said that he is "not" joining the Bharatiya Janata Party (BJP).

"I am not joining BJP," said Pilot in a telephonic conversation with ANI.

The comments came a day after he was sacked as Rajasthan deputy chief minister and Pradesh Congress Committee chief by the party.

The decision to sack Pilot was taken yesterday after a CLP meeting at the Fairmont Hotel in Jaipur, Rajasthan.

At the meeting, as many as 102 MLAs unanimously demanded that Pilot should be removed from the party.

The Rajasthan Congress is in turmoil over the past few days. While chief minister Ashok Gehlot has blamed the BJP for attempting to destabilise the state government by poaching MLAs, Pilot has been camping in Delhi.

A controversy broke out in Rajasthan after special operation group (SOG) sent a notice to Pilot to record his statement in the case registered by SOG in the alleged poaching of Congress MLAs in the state.

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Agencies
July 21,2020

New Delhi, Jul 21: The Supreme Court has asked the Ministry of Finance to look into a plea which claimed a loss of hundreds of crore every day, as the public sector banks are not invoking personal guarantees of big corporates who have defaulted on loans.

A bench comprising Justice R. F. Nariman and Navin Sinha asked the petitioners, Saurabh Jain and Rahul Sharma, who filed the PIL, to move the Finance Ministry with a representation within two weeks. The top court observed that the issue is important and the ministry should respond after the petitioner has made the representation before it. The matter had come up for hearing on Monday.

"We are of the view that at page 115 of the Writ Petition it has been made clear that the Ministry of Finance itself has, by a Circular, directed personal guarantees issued by promoters/managerial personnel to be invoked. According to the petitioners, despite this Circular, Public Sector Undertakings continue not to invoke such guarantees resulting in huge loss not only to the public exchequer but also to the common man", said the bench in its order.

Senior advocate Manan Mishra and advocate Durga Dutt, represented the petitioners.

Mishra contended before the bench that the statistics establish the public sector banks incurred a loss of approximately Rs 1.85 lakh crore in a financial year, and the banks did not take action to invoke personal guarantees of the biggest corporate defaulters.

The bench observed that since the petitioners claim the public sector undertakings are not complying with this circular, "We think you should first go to the ministry," said the bench.

Mishra argued before the bench that the loans from a common man are recovered through a mechanism where officials go through even the minutest detail, but promoters, chairpersons and other senior level functionaries of the big corporates find it convenient to get away by defaulting on loans.

The bench told the petitioner's counsel that the Finance Ministry has already issued a notification on this matter, and the petitioners should seek response from the ministry, and then move the top court. Mishra submitted before the bench to issue a direction to the Finance Ministry to give a response on their representation.

The bench said, "We allow the petitioners, at this stage, to withdraw this Writ Petition and approach the Ministry of Finance with a representation in this behalf. The representation will be made within a period of two weeks from today. The Ministry of Finance is directed to reply to the said representation within a period of four weeks after receiving such representation. With these observations, the petition is allowed to be withdrawn to do the needful."

Mishra contended before the bench seeking liberty to come back after a reply from the Finance Ministry. Justice Nariman said this option is open for petitioners after a decision has been taken by the ministry. "We will hear you", added Justice Nariman.

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