Veerappa Moily hints at 'RSS-lobby' behind Raghuram Rajan's exit

June 19, 2016

Bengaluru, June 19: Blaming the adverse environment created by the BJP-led regime at the Centre for Reserve Bank of India (RBI) Governor Raghuram Rajan's decision to not continue with his current post after the end of his tenure in September, former union minister Veerappa Moily on Saturday hinted at the RSS being involved in the entire matter.M-Veerappa

Moily criticised the saffron outfit for having embarrassed Rajan and said the latter was needed to steer the economy in times of global economic uncertainty.

"The reason is well known to him. But the manner in which some of these BJP leaders, including the commerce minister and one of the important BJP leaders Subramanian Swamy, and also the Nagpur RSS camp was lobbying against him, was the most unpleasant thing that happened in the country," Moily told ANI.

The senior Congress leader further said the present regime did not deserve a person of Rajan's stature to be working with them.

"Under the present regime, they do not deserve a person of his stature. He is a global person. We are endowed to him, he took all steps to keep the inflation down. They shouldn't have embarrassed him. His desire not to continue was compelled because of environment created by the BJP regime," Moily said.

"Under the present (economic) scenario, he was very much desired as he would have definitely taken the economy forward. It's a loss for country's economy," he added.

BJP leader Subramanian Swamy had last month triggered speculation by asking the Centre to deny Rajan a second term, saying his hawkish policies have ruined the Indian economy.

Swamy had in his letter to Prime Minister Narendra Modi accused Rajan of 'harming the nation's economy' and claimed that the latter was acting more as a disrupter of the Indian economy than the person, who wants the Indian economy to improve.

Moily said that Prime Minister Narendra Modi or Finance Minister Arun Jaitley should have made an attempt to curb elements in the BJP levelling false allegations against Rajan, including Swamy.

"The Prime Minister or the Finance Minister should have curbed these elements who are unnecessarily making allegations and charges against Raghuram Rajan," he said.

When asked specifically about Swamy's remarks on Rajan, the senior Congress leader said, "Swamy's allegations are baseless and he doesn't know much about the economy. NDA is out to disrupt economy of the country."

Meanwhile, Swamy welcomed Rajan's decision to leave his post, saying he was not even going to be offered a second term in the first place.

Swamy told ANI that Rajan made this decision in order to save his self respect.

"Was he getting a second term in the first place? How do we know that he was getting a second term? I have no information that he was getting a second term. So if he says he wants to go and wants to save his self respect, I have no problem. Let them pretend that he is giving up and going but as long as he goes, it's good," Swamy said on Saturday.

Earlier today, Rajan announced that he would return to the academic world at the end of his term on September 4, 2016, adding he will always be available to serve his country when needed and asserted that his 'successor' would take the nation to new heights.

Rajan is currently on leave from the Chicago Booth School of Business where he holds the post of Distinguished Service Professor of Finance.

"The approaching end of my three-year term and of my leave at the University of Chicago was, therefore, a good time to reflect on how much we had accomplished. I am confident my successor will take us to new heights with your help. I will still be working with you for the next couple of months, but let me thank all of you in the RBI family in advance for your dedicated work and unflinching support. It has been a fantastic journey together!" the statement said.

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KhasaiKhaane
 - 
Monday, 20 Jun 2016

Guys, Chaiwala is a PM... now he will obviously try to appease his colleagues - Dhoodwala, Subziwala, Golgappe wala, Kinarewala,...
and not to forget - PanWala (Rajnath Singh)

MMS - \#MoNa becoming PM will be the biggest disaster for the country\"
Now we know why and we will see more..!"

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coastaldigest.com news network
June 9,2020

Mangaluru, Jun 9: Two days after he went missing under mysterious circumstances, a 33-year-old man was today found dead on the banks of Netravati river at Ullal Hoige on the outskirts of the city.

The deceased has been identified as Chethan Acharya. A missing case was registered on Tuesday morning at Ullal police station.

It is suspected that Chetan might have committed suicide due to depression. 

The missing case was later converted into the case of unnatural death. Investigations are on.

Also Read: Mangaluru: 28-year-old man jumps off Netravati bridge

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News Network
May 25,2020

Bengaluru, May 25: Karnataka Chief Minister B S Yediyurappa on Monday greeted the Muslim brethren on the occasion of Eid-ul-Fitr, which is being celebrated in a subdued manner due to coronavirus related restrictions.

"Warm greetings of Eid-ul-Fitr. May this festival of peace and harmony bring happiness in life," Yediyurappa said in his message.

He congratulated the Muslim fraternity for cooperating with the authorities by offering prayers at home during the holy month of Ramadan and supporting the government to contain COVID-19.

"I hope the same trend will continue during the festivities of Eid-ul-Fitr too. I thank you all for your support in the fight against COVID-19," he said.

The Eid festivities were a low-key affair as Muslim brethren celebrated the festival indoors in view of lockdown to contain coronavirus on Monday.

People offered the special prayers inside their houses instead of performing it in mosques and Eidgah, the open field to perform prayers, and refrained from going out to greet each other.

As the Karnataka government has ordered Sunday Curfew throughout the lockdown-4 till May 31, the otherwise bustling markets in the urban areas of Karnataka remained shut.

People could not venture out to make necessary purchases on Sunday.

The Jama Masjid of Bengaluru at the City Market had asked the Muslims to offer prayers inside their houses and not go to the burial grounds to express their sentiments for the departed souls.

"Mass prayers are not allowed anywhere in Karnataka. Just five important persons managing the mosques offered the prayers. Similarly, people go to the graveyard to pray for the dead ones but this time we asked people to express their sentiments from inside their homes instead of going to the burial grounds," Maulana Maqsood Imran, the Khateeb-O-Imam, Jama Masjid, Bengaluru, told news agency.

He said, "coronavirus is spreading very rapidly in our country. If we don't follow the guidelines, it will not only cause trouble to us but also to the doctors and the government. It will be the biggest celebration if we abide by the norms."

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News Network
March 15,2020

While it makes perfect sense for IT employees to work from remote locations via video conferencing and collaboration tools seamlessly - especially in the case of tech giants like Google or Microsoft -- workers from the non-IT companies and small and medium enterprises (SMBs) are the worst-hit in India as most of them have little or no clue about how these messaging and collaboration tools work amid the coronavirus pandemic.

Small companies -- from corporate to education verticals -- are scrambling to get their act together as new coronavirus threat has reached their premises, prompting them to send employees home who have age-old laptops, poor network and connectivity with no UPS backups and little knowledge about how to handle group chat and collaboration software like Zoom, Google Hangouts Meet, Microsoft Teams and Flock etc.

Instead of halting operations, however, businesses can choose to shift towards remote working methods with teaching non-IT staff on how to use the latest digital software to connect and work, say industry experts.

The training will take some time and may hamper productivity in the short run but is a win-win situation for the non-tech companies in the long run, in case any such global emergency arises in the future.

According to a latest report by Gartner, 54 per cent of HR leaders have cited that poor technology and/or infrastructure for remote working is the biggest barrier to effective remote working.

Sandy Shen, Senior Director Analyst, Gartner, says that with COVID-19 disrupting the business landscape, CIOs should relook at the digital fulfillment of market demand.

"The value of digital channels, products and operations is immediately obvious to companies everywhere right now. This is a wake-up call for organisations that have placed too much focus on daily operational needs at the expense of investing in digital business and long-term resilience," warned Shen.

Businesses that can shift technology capacity and investments to digital platforms will mitigate the impact of the outbreak and keep their companies running smoothly now, and over the long term.

"Videoconferencing, messaging, collaboration tools and document sharing are just a few examples of technologies that facilitate remote work. Additional bandwidth and network capacity may also be needed, given the increasing number of users and volume of communications," informed Shen.

The IT industry's apex body Nasscom has asked the government to relax norms for a month to allow work-from-home for technology and back-office employees as a measure to deal with the spread of Covid-19 in India.

Networking giant Cisco said that it has seen "significant growth" in the usage of its web conferencing and video-conferencing service Webex in India.

According to Muneer Ahmad, Business Head, ViewSonic India, due to COVID-19 pandemic, the corporate and educational sector is severely getting affected in the country.

"ViewSonic IFP has a cloud-based software which help teachers and corporates to connect through video conferencing to multiple people at the same time and can split the screen into six screens. It can also connect with various tools like Skype, Cisco WebEx, Zoom, Google Hangouts and GoToMeeting," Ahmad told IANS.

Co-working sector has also taken a hit and the industry is looking at several measures to tackle it -- from ensuring supply of juices rich in Vitamin C to supply of disinfectants and giving work from home facilities.

"The scheduled visits of the clients at our co-working offices have been postponed. Few of our clients have cancelled their outstation meetings and have now started audio/video conferencing for virtual meetings," said Nakul Mathur, MD, Avanta India.

According to reports, India has approximately 1,000 co-working locations (as of September 2019) and is the second-largest market for the co-working industry after China.

As India's first licensed B2B Virtual Network Operator, CloudConnect Communications offers a collaborative platform that allows companies to overcome the COVID-19 threat while maintaining seamless business continuity and optimum employee productivity.

"We offer a secure, robust, reliable, scalable and trackable mobile-first unified communication infrastructure that aids remote teleworking so that businesses can continue operating even under any unforeseen circumstances," said Gokul Tandon, Executive Chairman, CloudConnect Communications.

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