Would love to interview PM Modi if it's not choreographed and rehearsed: Shatrughan Sinha

Agencies
April 26, 2019

Patna, Apr 26: Under attack within the Congress for describing BSP supremo Mayawati and SP leader Akhilesh Yadav "Prime Minister material", actor-turned politician Shatrughan Sinha Wednesday said anyone having successfully ruled a state is competent for the top job in the country.

The Patna Sahib MP, who recently severed his ties with the BJP and joined the Congress which has fielded him from the same seat, also took a dig at Prime Minister Narendra Modi dubbing his interview with actor Akshay Kumar as one conducted after "rehearsals" and with the help of "scriptwriters".

"I hold that a prime minister does not need to have exceptional qualities. It is basically a number game. If you and I have the support of the requisite number of MPs, we too can become the prime minister," he told a news channel in Patna.

"Moreover, I think that anybody who has had a successful tenure as chief minister does have the necessary experience for the top job," Mr Sinha said.

Bihar CM Nitish Kumar is also a prime minister material though the JD(U) president is now with the BJP, he said adding that Mayawati and Akhilesh Yadav also ruled Uttar Pradesh and therefore they too fit the bill.

"After all, what are the credentials of Narendra Modi except that he had served as the chief minister of Gujarat. It was ordinary BJP workers like me who created the buzz around him which resulted in the Modi-Modi-Modi chant heard across the country. I have seen it all. I know the tricks of the game," he said.

Mr Sinha had ruffled many feathers within the Congress when he recently campaigned for his wife Poonam who is contesting from Lucknow on a Samajwadi Party ticket though the Congress has also fielded its candidate from there.

His praise for Mayawati and Akhilesh Yadav has drawn censure from a section of Congress leaders who found it objectionable in the wake of the SP-BSP alliance giving a cold shoulder to the party in Uttar Pradesh.

About Modi's interview by Akshay Kumar telecast on Wednesday, Mr Sinha said, "As far as the prime minister is concerned, I have known him closely as a friend. He gives interviews after lots of rehearsals which are conducted with the help of scriptwriters. What to speak of it?"

He said he knows Akshay and his family well.

Of late he is supporting many a cause through his choice of movies though he has so far been apolitical, the former actor said.

To a query, Mr Sinha said, "I would love to interview Modi, which is not choreographed and rehearsed. But he would not agree to it."

He said PM Modi must be the only democratically elected prime minister in the world, who has not held a single press conference during the five years he has been in power.

About his wife contesting from Lucknow on SP ticket, Sinha claimed that Congress president Rahul Gandhi and general secretary Priyanka Gandhi Vadra have knowledge of it and supported her candidature.

"We may be contesting from different parties, but we are working towards the common goal of defeating the one-man army and two-man army," he said referring to PM Modi and BJP president Amit Shah.

Mr Sinha claimed that Akhilesh and Mayawati wanted him to contest from Lucknow.

"But I told them that I am committed to fight from Patna Sahib. Then they said my wife who is a social activist and an active participant in my election campaigns could be a good choice," he said.

So, Mr Sinha said, Lucknow is witnessing a fight between Home Minister Rajnath Singh and the "home minister of Ramayana. We will have a thrilling contest between two home ministers".

Ramayana is the name Mr Sinha's Mumbai residence.

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News Network
January 21,2020

Jan 21: Indian policymakers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home.

Investors are speculating about potential steps Finance Minister Nirmala Sitharaman could unveil when she presents the nation’s budget on Feb. 1. These measures may include freeing up firms to borrow at higher rates and offering tax breaks to global funds.

“The government will need to relax local rules to make it easier for Indian companies to raise debt overseas and tide over the funding crunch in the onshore market,” said Raj Kothari, London-based head of trading at Jay Capital Ltd. “At the same time, they need to ensure that the borrowers tapping offshore markets abide with stricter corporate governance so as to avoid further defaults.”

A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding. The government has tried a series of measures to spur domestic credit, including providing so-called credit enhancement and allowing tiny firms to restructure debt.

Here are some steps Sitharaman may consider to spur foreign borrowing:

• She could raise the cap of 450 basis points above Libor, which limits overall foreign debt costs for Indian companies

• This could help lower-rated firms sell bonds abroad. Indian companies rated BBB currently borrow at more than 10%, about 3.8 percentage points more than their top-rated peers;

• Sitharaman could waive the withholding tax foreign investors need to pay on holdings of rupee-denominated debt sold by Indian companies abroad

• The waiver was offered between September 2018 to March 2019, but wasn’t extended as the highest global interest rates since the financial crisis deterred Indian borrowers. Since then, the three-month Libor has dropped by about 1 percentage point

• She could permit Indian property developers and housing finance lenders to sell overseas bonds for reasons beyond affordable housing projects

• New funding lines to the real estate sector, arguably ground zero of India’s economic slowdown, could help kickstart consumption and investment as the industry is the nation’s biggest job-creator.

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Agencies
February 11,2020

New Delhi, Feb 11: Votes between Hindus and Muslims were ''completely polarised'', said Congress party's Alka Lamba, as she trailed at Chandni Chowk assembly seat on Tuesday.

"I accept the result, but don't give up. Hindu-Muslim votes were completely polarised. The #Congress Party will now have to prepare for a new fight with new faces and a long struggle for the people of #Delhi. If you fight today, you will also win tomorrow," Ms. Lamba tweeted in Hindi.

As per the Election Commission (EC) website, Ms. Lamba is in third position with just 1,229 votes so far. AAP's Parlad Singh Sawhney is ahead with 23,281 votes followed by Suman Kumar Gupta of BJP.

Ms. Lamba, who had won from Chandni Chowk on an AAP ticket in the 2015 polls, was expelled from AAP last year after she joined Congress, citing differences with Delhi Chief Minister Arvind Kejriwal.

As per the EC official trends, AAP is maintaining a strong lead on 58 seats, while the BJP is far behind at 12. Congress has failed to open its account so far.

The counting of votes for 70 seats of the Delhi Assembly began at 8 am today amid tight security.

Delhi went to polls in a single-phase on February 8. AAP, BJP, Congress are the main political parties in the fray.

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News Network
June 4,2020

New Delhi, Jun 4: India on Thursday witnessed a record single-day spike of 9,304 coronavirus cases taking the country's tally to 2,16,919, according to the Union Ministry of Health and Family Welfare.

The ministry informed that 260 more deaths due to coronavirus were reported in the last 24 hours.

The total number of cases in the country now stands at 2,16,919 including 1,06,737 active cases, 1,04,107 cured/discharged/migrated and 6,075 deaths.

Maharashtra has so far reported 74,860 cases, more than any other state in the country.

In Tamil Nadu, 25,872 cases have been detected so far while Delhi has reported 23,645 coronavirus cases.

According to the Indian Council of Medical Research (ICMR), 1,39,485 samples were tested in the last 24 hours whereas 42,42,718 samples have been tested till date.

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