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
March 9,2020

Mumbai, Mar 9: India's Yes Bank will not be merged with State Bank of India, which is set to infuse funds in the beleaguered lender, the newly appointed administrator leading the rescue plan said in a television interview on Monday.

"There is absolutely no question of a merger," Prashant Kumar, the administrator, told the CNBC TV18 channel.

The Reserve Bank of India (RBI) on Thursday took control of Yes Bank, after the lender - which is laden with bad debts - failed to raise the capital it needs to stay above mandated regulatory requirements.

Placing Yes Bank under a 30-day moratorium, the central bank imposed limits on withdrawals to protect depositors and said it would work on a revival plan. The move spooked depositors, who rushed to withdraw funds from the bank.

Kumar, a former finance chief at SBI, assured depositors their money was safe and that the moratorium on Yes Bank might be lifted much before the deadline on April 3 and normal banking operations might resume as early as Friday.

He also mentioned that the withdrawal limit of Yes Bank may be removed by March 15, 2020.

SBI Chairman Rajnish Kumar said on Saturday the state-run bank would need to invest up to 24.5 billion rupees ($331 million) to buy a 49% stake in Yes Bank as part of the initial phase of the rescue deal, adding that the survival of troubled lender was a "must".

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Agencies
June 2,2020

Singapore, Jun 2: Moody's Investors Service on Tuesday downgraded 11 Indian banks along with as many non-financial companies and infrastructure majors besides four government-related issuers following a downgrade of the Indian government's issuer rating to Baa3 from Baa2 with a negative outlook.

The rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, volatile oil prices and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets, said Moody's.

The Indian banking sector has been affected given the disruptions to India's economic activity from the coronavirus outbreak, which is weakening borrowers' credit profiles, it added.

The 11 lenders include Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Export-Import Bank of India, HDFC Bank, Indian Overseas Bank, IndusInd Bank, Punjab National Bank, State Bank of India and Union Bank of India.

The 11 non-finance companies are Oil and Natural Gas Corporation, Hindustan Petroleum Corporation, Oil India, Indian Oil Corporation, Bharat Petroleum Corporation, Petronet LNG, Tata Consultancy Services, Infosys, Reliance Industries, UPL Corporation and Genpact.

The 11 infrastructure companies are NTPC, NHPC, National Highways Authority of India, Power Grid Corporation, Gail India, Adani Green Energy Restricted Group (RG-2), Adani Transmission Restricted Group, Adani Ports and Special Economic Zone, Adani Transmission, Adani Electricity Mumbai and Azure Power Solar Energy.

The four Indian government-related issuers are Indian Railway Finance Corporation, Housing and Urban Development Corporation, Power Finance Corporation and REC Ltd.

"Government-related issuers in India have been affected because of disruptions to India's economy which will weaken borrowers' credit profiles," said Moody's.

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News Network
January 10,2020

New Delhi, Jan 10: An IPS officer's thumb was bitten by a woman protester when he was pushing back agitators, who were trying to march towards the Rashtrapati Bhawan here on Thursday, police sources said.

The protesters had gathered after a call was given by JNU Students' Union president Aishe Ghosh to march towards President's House to demand the removal of University's Vice Chancellor, M Jagadesh Kumar.

Ingit Pratap Singh, a 2011 batch officer, who is currently posted as the additional deputy commissioner of the southwest district, was injured in the attack.

According to sources, Singh was trying to pull a male protester when the woman, in a bid to shield her friend, bit Singh's left thumb.

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