Vinod Rai was part of a conspiracy against UPA 2: A Raja

Agencies
January 18, 2018

New Delhi, Jan 18: Within a month of his acquittal in the 2G spectrum scam case, former telecom minister Andimuthu Raja has in a tell-all book questioned former Prime Minister Manmohan Singh's "palpable silence" in defending the telecom policy that he himself had approved.

In his book '2G Sage Unfolds', Raja slammed the then CAG Vinod Rai saying the office of the Comptroller and Auditor General was "severely compromised" by Rai who had "ulterior motives" in over-reaching his constitutional function while auditing accounts relating to the 2G spectrum allocation.

Raja claimed that he had got Manmohan Singh's "approval to go ahead" for allocating 2G telecom spectrum to new players after he explained the whole process and that there was enough spectrum available.

Singh, he went on to claim, was repeatedly misinformed by his advisers and that telecom lobbies had influence over the Prime Minister's Office (PMO).

"The UPA government's and even more so Dr Manmohan Singh's palpable silence in relation to defending my wholly justified actions" was like "silencing of our nation's collective conscience".

Raja also claimed that the former prime minister did not have any clue about the CBI raids with regard to the spectrum allocation.

"On October 22, 2009 (after CBI raided telecom ministry and offices of some telecom operators) I met the Prime Minister in his office in South Block at around 7.00 pm. T.K.A. Nair (the then principal secretary in the PMO) was also present. People will find it hard to believe that the PM was quite surprised when I told him about the CBI raids," he wrote.

In the book he termed the 2G Scam as a "shameful blemish on the sanctity of the administrative system of the country".

"It is my conviction consequent to the trial proceedings that there was political motivation to kill UPA 2 and Vinod Rai's was the shoulder on which the gun was placed," he wrote.

Last month, a special court had acquitted Raja and all other accused on charges of corruption and cheating in the sale of airwave licences in 2008 that derailed the-then Manmohan Singh-led government.

While CAG put presumptive loss in allocation of spectrum at Rs 1.76 lakh crore, the scam had led to Supreme Court cancelling 122 licences sold to companies.

While there "hasn't been a shred of actual proof of corruption", his telecom policy had led to growth in teledensity and dramatic reduction in call charges, Raja wrote claiming he fought against telecom lobbies to draft a just spectrum auction policy.

Telecom lobbies were dead against giving licences to new players and just when the policy draft was in its final stages, a letter from the Prime Minister's Office was received, the content of which matched the business interests of the lobbies, he said.

"It is still a puzzle to me as to what could have prompted the PM to send that letter to me. With all due respect, I came of the opinion that such a letter bearing the PM's signature should never have been sent.

"It is just not expected for the PM to get into the nitty-gritty of the operational functions, procedures and guidelines of a ministry," he wrote. "This makes me wonder whether this letter was indeed drafted by the PMO."

He goes on to state that "It seemed he (Singh) had been led to believe that there was something amiss in the functioning of my ministry."

Slamming Rai, Raja wrote the former CAG behaved like "a cat that shuts its eyes and then declares the universe is dark."

"He (Rai) had to foist his personal (or influenced) agenda by sensationalising information and creating the appearance of procedural lapses and financial misappropriation. His presumptive loss figure of Rs 1.76 lakh crore has been subsequently debunked, but it became engraved in public memory and led to my tribulations," Raja wrote.

The CAG report, he said, was "essentially a mixture of inappropriate legal interpretations, incongruous comparisons and flippant allegations."

"Vinod Rai had the temerity to dub himself the 'Nation's Conscience Keeper' on the cover of his book titled 'Not just an Accountant' in which he dedicated a few chapters on the 2G spectrum allocation.

"He in his role as CAG was the 'sutradhaar' who created the devious apparition which the media and political opposition followed," he wrote.

Stating that a "conspiracy-nexus" cannot be ruled out, Rai's words and actions were "malicious vigilantism" and "disgraceful purchase of self-promotion".

Having written his book while the 2G trial was still going on, Raja demands that Rai "be called as a witness in the criminal case filed against me so that my defence has the opportunity to cross-examine and legally challenge him."

Raja claimed that Rai compiled his report with a motive of "riling up the public" and sensationalising the situation.

"It would perhaps have been in the public's better interest to investigate Rai's motivation to rush into this 'hunt' while almost blatantly ignoring the decisions and recommendations of TRAI, the Union Cabinet and the Telecom Commission! Even after TRAI's explanations refuted the views expressed in the CAG's report, Rai was not willing to correct his stand. It is ironic that such a person lays claim to the badge of 'Nations Conscience Keeper'," he added.

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News Network
January 7,2020

Mumbai, Jan 7: People protesting against the JNU violence were evicted from Gateway of India here on Tuesday morning as roads were getting blocked and tourists and common people were facing problems, a police official said.

Police had appealed to the protesters to shift but they didn't listen, so they were "relocated" to Azad Maidan, the official said.

Hundreds of people, including students, women and senior citizens - who assembled at the iconic Gateway of India since Sunday midnight - demanded action against the culprits and called for Union Home Minister Amit Shah's resignation.

Violence broke out in the Jawaharlal Nehru University (JNU) in Delhi on Sunday night as masked men armed with sticks and rods attacked students and teachers and damaged property on the campus.

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News Network
March 10,2020

New Delhi, Mar 10: A military transport aircraft of the Indian Air Force (IAF) brought back 58 Indians from coronavirus-hit Iran on Tuesday, official said.

The aircraft, a C-17 Globemaster, was sent to Tehran on Monday evening.

About 2,000 Indians are living in Iran, a country that has witnessed increasing numbers of coronavirus cases in the last few days.

"The IAF aircraft has landed. Mission completed. On to the next," External Affairs Minister S Jaishankar tweeted.

In an earlier tweet, he said, "First batch of 58 Indian pilgrims being brought back from Iran. IAF C-17 taken off from Tehran and expected to land soon in Hindon."

"Thanks to the efforts of our Embassy @India_in_Iran and Indian medical team there, operating under challenging conditions. Thank you @IAF_MCC. Appreciate cooperation of Iranian authorities. We are working on the return of other Indians stranded there (sic)," Jaishankar added.

The aircraft landed at Hindon airbase in Ghaziabad, from where the passengers were take to a medical facility.

According to latest reports, 237 people have died of novel coronavirus in Iran while the number of positive cases stands at around 7,000.

It is the second such evacuation by the C-17 Globemaster in the last two weeks.

On February 27, 76 Indians and 36 foreign nationals were brought back from the Chinese city of Wuhan by the aircraft of the Indian Air Force.

The C-17 Globemaster is the largest military aircraft in the IAF's inventory. The plane can carry large combat equipment, troops and humanitarian aid across long distances in all weather conditions.

Four days ago, a Mahan airline plane brought swab samples of 300 Indians from Iran to India.

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News Network
May 25,2020

New Delhi, May 25: Realtors' apex body CREDAI has written a letter to Prime Minister Narendra Modi, seeking immediate relief measures to tide over the crisis caused by the COVID-19 pandemic.

The association, which has around 15,000 developer members, has sought one-time debt restructuring, lower interest rate on home loans and tax sops to boost liquidity and demand in the sector.

In an open letter to the prime minister, the Confederation of Real Estate Developers' Associations of India (CREDAI) said, "In this distressful situation arising out of the COVID-19 calamity, we in the real estate sector seek immediate relief for our survival."

Stating that the sector contributes substantially to the country's GDP and has backward and forward linkages with almost 250 industries, CREDAI said, "Our survival, therefore, is not just desirable, it is rather crucial for the economy."

Liquidity crunch, stagnant demand and cartelization of raw materials are major impediments for the industry to kickstart, it added.

CREDAI made seven recommendations to revive the sector and sought immediate intervention from the prime minister.

Pointing out that the situation is "much worse" than global financial crisis in 2008, CREDAI said "a one-time restructuring scheme as was permitted by RBI in 2008 may be quickly instituted by all lending institutions."

Since real estate was already reeling under a cyclical downturn before COVID-19, debt restructuring needs to be allowed for all accounts which were standard as on December 31, 2019, it added.

CREDAI demanded that all banks, non-banking financial companies (NBFCs) and housing finance companies (HFCs) should be directed to provide additional credit equal to 20 per cent of the existing real estate project related advances with no additional security and without the classification of project as NPA.

The penal interest charged by banks and financial institutions should be suspended for a period of one year or until such time as it takes for the pandemic to abate.

To revive housing demand, CREDAI suggested that "government should reduce the maximum rate of interest on new home loans to 5 per cent by subsidizing the interest component of EMIs for next five years."

The limit of principal deduction on housing loan under Section 80C should be increased to 2.5 lakh.

Interest deduction under Section 24 on housing loan for homebuyers may be increased to Rs 10 lakh, it said.

There should be no capital gains for residential properties held for a period longer than one year.

CREDAI also demanded that the subvention scheme be allowed again by National Housing Bank (NHB) and the Reserve Bank.

Under the scheme, builders used to pay EMIs on behalf of homebuyers during construction of projects.

"The economic uncertainty and job insecurity at the moment would not allow purchase of residential property at this time. A scheme whereby a homebuyer would need to pay only margin money with no EMI for 24 months will address this insecurity," the letter said.

The association pointed out that prices of cement and steel have been increased during the lockdown period, and asked for crackdown on cartelisation by manufacturers.

On the GST front, CREDAI said that the current regime of GST provides a rate of 1 per cent  for affordable housing.

"The limit of Rs 45 lakh serves as a criterion of affordability for the purpose of GST. On all other housing, GST is applied at the rate of 5 per cent without input tax credit. It has been felt that the criterion of Rs 45 lakh is too low an index of affordability anywhere across the country, and especially so in the metros," the letter said.

It will serve as an inducement to buyers in the metros if the benefit of GST at the rate of 1 per cent is extended to units costing up to Rs 75 lakh, the association said.

CREDAI pointed out that the flat rate of 5 per cent GST for under construction residential housing is causing cost build up and is acting as a deterrent for sale of under construction projects since there is no GST on completed units.

It suggested that GST rate of 1 per cent and 5 per cent, without input tax credit, should continue.

"However, an option of GST @12 per cent for normal housing/ 8 per cent for affordable housing (with 1/3rd deduction for land i.e. effective GST rate of 8 per cent for normal housing and effective GST rate of 5 per cent for affordable housing) with input tax credit (ITC) benefits in line with the scheme applicable for the works contracts for government may be revived and made applicable to the real estate," the letter said.

Lastly, CREDAI demanded that a Rs 25,000 crore stress fund for completing stalled housing projects should be deployed at the earliest.

"We shall be grateful for your much-needed intervention for the above mentioned measures required to revive the real estate sector," CREDAI said in the letter to the PM.

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