What Modi has done in 4 yrs has not happened in 70 yrs: Rahul taunts PM

Agencies
September 11, 2018

New Delhi, Sept 11: The country is being divided under Prime Minister Narendra Modi's rule, Congress president Rahul Gandhi alleged on Monday and declared that a united opposition will defeat the BJP in the next elections.

Addressing a protest rally with various opposition parties at the Ramlila grounds in Delhi, he also questioned the Prime Minister's silence on rising fuel prices, the Rafale jet deal and issues such as farmer suicides, atrocities against women and unemployment.

Ramping up his attack against the Prime Minister, Rahul Gandhi said PM Modi in 2014 had made promises to the people of the country, youth, farmers and women, assuring them of jobs and their safety. "People believed in him and helped form his government," he said. 

Four years on, people are clearly seeing what he has done, Rahul Gandhi added.

"Narendra Modi used to say that nothing has happened in 70 years and we will do that in four years. It is true, what he has done in four years has not happened in 70 years. Wherever you see, one Indian is fighting another. Wherever you go, they divide people -- one religion with another, one caste with another and one state pitted against the other," he said.

Rahul Gandhi, who is leading the Bharat Bandh against fuel prices, made his first appearance after returning from the Kailash Mansarovar pilgrimage. He marched from Rajghat, where he paid tribute to Mahatma Gandhi and offered water from the Mansarovar lake, to Ramlila grounds with other opposition and Congress leaders as part of the country-wide protest.

At the Ramlila grounds, Rahul Gandhi was joined by former prime minister Manmohan Singh and top opposition leaders, Nationalist Congress Party's Sharad Pawar and Loktantrik Janata Dal's Sharad Yadav.

UPA chairperson Sonia Gandhi was present at the rally but did not speak.

All opposition parties are sharing a common platform, he said, adding that this is a reflection of opposition unity. "Sharing the same ideology, we will together defeat the BJP," he said.

The Congress president said it is unfortunate that the pain of the people of the country, including farmers, youth and women, is being shared by opposition leaders present at the event but not by Narendra Modi.

"This is the difference between them and us. We promise from here that we will unitedly work together to remove the BJP," he said.

Rahul Gandhi wondered why the Prime Minister was silent on rising petrol and diesel prices, farmer suicide, rapes in which BJP MLAs are involved and the Rafale deal.

"What the country wants to hear, what the youth want to hear, PM Narendra Modi does not talk about it. Don't know which world he is in, he keeps giving speeches... The country is fed up of seeing him," he said.

While farmers are unable to find a way forward, only 15 to 20 crony capitalists are seeing the way forward, he alleged.

Hitting out at PM Modi and his government on the Rafale deal, he said the Rs 45,000 crore "free gift" being given to his "friend" belongs to the people of the country and has been snatched away from the people, he said.

Rahul Gandhi also accused the Prime Minister of "destroying" business through demonetisation and GST which he dubbed "Gabbar Singh Tax". "We are unable to understand what purpose the note ban achieved. PM claimed black money will be eradicated. But is has turned out that back money of all thieves has turned white. Then came Gabbar Singh Tax ... corruption has risen because of that, ask any businessman. But Narendra Modi does not speak about it. This is the truth of the country," he 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
February 11,2020

New Delhi, Feb 11: As the counting of votes for the Delhi Assembly polls began, Congress leader Digvijaya Singh on Tuesday raised doubts on EVMs, alleging that no machine having a chip is tamper-proof.

He called upon the Election Commission and the Supreme Court to take a fresh look at the use of EVMs in the country.

"No machine (which) has a chip is tamper-proof. Also please do for a moment think, why no developed country uses EVM," Singh said in a tweet.

"Would CEC and Hon Supreme Court please have a fresh look on EVM voting in India? We are the largest democracy in the world, we can't allow some unscrupulous people to hack results and steal the mandate of 1.3 billion people.

"If they match the votes in the counting unit. Declare the result. If they don't match then count the ballots of all polling booths in the assembly. It would convince everyone and save time also as this has been the consistent argument of CEC in favour of EVM," the Congress leader said.

Polling for the 70-member Delhi Assembly polls was held on Saturday.

The Election Commission on Sunday announced that the final voter turnout was 62.59 per cent, five per cent less than 2015.

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News Network
June 25,2020

Ottawa, Jun 25: Prime Minister Justin Trudeau took his son out for ice cream on Wednesday in his first family outing since Canada started easing out of its pandemic lockdown.

It was also Saint-Jean-Baptiste Day in Quebec province.

Wearing masks, the Canadian leader and his six-year-old son Hadrien were cheered at Chocolats Favoris in Gatineau, Quebec.

According to a pool report, Trudeau said the shop tapped into a federal emergency wage subsidy and business loan in order to weather the pandemic, and "avoid being frozen out of the frozen treat market."

Hadrien is said to have bounced with excitement, settling on a vanilla cone with a cookie topping while dad bought a vanilla cone dipped in chocolate for himself.

Father and son then headed out to the patio, where they doffed their masks to eat their cones.

Canada's provinces and territories declared states of emergency mid-March, closing schools and non-essential businesses in response to the pandemic.

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