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Would've been hanged by Modi govt if I had done anything wrong: Azam Khan

Agencies
April 23, 2019

Lucknow, Apr 23: Samajwadi Party candidate (SP) from Rampur Azam Khan on Tuesday said the Narendra Modi government would have hanged him by now from Qutub Minar, had he done anything wrong.

Khan, who has 10 pending criminal cases against him, told media here, "My life is very transparent. If I would have done anything wrong in my entire life, the Modi government would have hanged me long time back from Qutub Minar," after casting his vote on Tuesday.

"I run schools to help poor families who could not finance the education of their children. We only take Rs 20 from each student. I have opened colleges and universities, which are known for maintaining discipline and peace across the world. But the government deliberately filed cases against me and constituted a Special Investigation Team (SIT)," he said.

Criticising the government and district officer for not addressing the EVM issue in the state, Khan said, "Since morning 300 EVMs were reported to have technical glitches. We have seen that in every election, district administration tries to ignore the issue saying that it would see to it later."

He also claimed that he has a clip wherein the district officer, after meeting with Chief Minister Yogi Adityanath, said, Yogi is his "god" and he can do anything for him.

"He (district officer) has openly urged people to vote for Yogi. In the video, he can also be heard urging voters to support women candidates as there are fewer women in the Parliament."

Nine-time MLA from Rampur, Azam Khan is contesting against BJP's Jaya Prada and Congress' Sanjay Kapoor.

Last week, Khan was banned from campaigning for 72 hours by the Election Commission for his remarks against Jaya Prada.

In his election affidavit, Khan declared his FY18 income as Rs 5.76 lakh, including two cars and real estate valued at Rs 40.17 lakh while his wife, Tazeen Fatima, owns 200 grams of gold valued at Rs 6.6 lakh and property worth Rs 2.71 crore.

Polling in the third phase is being held in as many as 116 constituencies spread across 13 states and two Union Territories.

In Uttar Pradesh, Moradabad, Rampur, Sambhal, Firozabad, Mainpuri, Etah, Badaun, Aonla, Bareilly and Pilibhit are witnessing polling. There are 120 candidates, including 14 women, in the fray while more than 1.76 crore people are expected to cast their vote.

As per the seat-sharing agreement, the SP is contesting on 37 seats and the BSP on 38. Three seats (Mathura, Muzaffarpur, and Baghpat) have been given to the RLD.

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News Network
July 15,2020

New Delhi, Jul 15: Former Rajasthan deputy chief minister Sachin Pilot on Wednesday said that he is "not" joining the Bharatiya Janata Party (BJP).

"I am not joining BJP," said Pilot in a telephonic conversation with ANI.

The comments came a day after he was sacked as Rajasthan deputy chief minister and Pradesh Congress Committee chief by the party.

The decision to sack Pilot was taken yesterday after a CLP meeting at the Fairmont Hotel in Jaipur, Rajasthan.

At the meeting, as many as 102 MLAs unanimously demanded that Pilot should be removed from the party.

The Rajasthan Congress is in turmoil over the past few days. While chief minister Ashok Gehlot has blamed the BJP for attempting to destabilise the state government by poaching MLAs, Pilot has been camping in Delhi.

A controversy broke out in Rajasthan after special operation group (SOG) sent a notice to Pilot to record his statement in the case registered by SOG in the alleged poaching of Congress MLAs in the state.

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News Network
April 20,2020

London, Apr 20 : Embattled liquor baron Vijay Mallya, who is wanted in India on alleged fraud and money laundering charges amounting to an estimated ₹9,000 crore, today lost a High Court appeal in UK against his extradition order to India.

A consortium of Indian public sector banks led by the State Bank of India had sought a bankruptcy order against Mallya as part of efforts to recoup around GBP 1.145 billion of unpaid loans from Mallya.

The 64-year-old former Kingfisher Airlines boss had appealed to the High Court against his extradition to India at a hearing in February this year.

Lord Justice Stephen Irwin and Justice Elisabeth Laing, the two-member bench at the Royal Courts of Justice in London presiding over the appeal, dismissed the appeal in a judgment handed down remotely due to the current coronavirus lockdown.

"We consider that while the scope of the prima facie case found by the SDJ [Senior District Judge] is in some respects wider than that alleged by the Respondent in India [Central Bureau of Investigation (CBI) and Enforcement Directorate (ED)], there is a prima facie case which, in seven important respects, coincides with the allegations in India," the judges ruled.

Earlier this month, the High Court in London had deferred hearings on a plea by the SBI-led consortium of Indian banks, seeking the indebted tycoon to be declared bankrupt to enable them recover their loan from him.

Justice Michael Briggs of the insolvency division of the High Court granted relief to Mallya, ruling that he should be given time till his petitions to the Supreme Court of India and his settlement proposal before the Karnataka High Court be determined, allowing him time to repay his debts to the banks in full.

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Agencies
August 6,2020

Mumbai, Aug 6: Former Reserve Bank of India governor Raghuram Rajan said on Thursday that overly focusing on what sovereign rating agencies think can take one's eyes off what needs to be done for the economy.

"It is also important to convince both domestic and international investors that after the crisis associated with the pandemic is over, we will return to fiscal responsibility over the medium term, and the government should do more to convince them of that," Rajan told the Global Markets Forum.

India was placed under one of the strictest lockdowns in the world in late March for more than two months to stem the spread of the coronavirus, but cases have continued to rise steadily since the government eased restrictions in June, stymieing hopes of an economic recovery.

The government has announced several initiatives to help the poor and small- and medium-size businesses, but actual cash outgo from the government's measures has been estimated at just about 1% of GDP.

Several attribute the fiscal prudence to fear of a downgrade after Moody's cut India's rating and outlook in early June followed closely by a change in outlook from Fitch.

The central bank on its part too has reduced the key lending rate by 115 basis points on top of the 135 bps last year and is widely expected to cut rates by another 25 bps later on Thursday.

"The RBI and government have certainly been cooperating, but it seems like it is elsewhere, the ball is in the government's court to do more," Rajan said.

He said the RBI needs to focus on whether credit is reaching the stressed areas of the economy and also if the viable firms were able to access credit and not the unviable ones.

"And I think that's where it has to focus its attentions, because resources, as you well know, are limited in India today."

Recently analysts, however, have cited the growing possibility the RBI may prefer to pause and cut rates only at its October meeting.

Government officials too have suggested the possibility of any more fiscal stimulus being announced, would only come in the second half of the fiscal year, once a recovery has taken root and coronavirus cases have peaked.

"What India should focus on at this point is protecting its economic capabilities, so that when it has dealt with the virus it can go resume activity in a reasonable way. That should be the focus," Rajan said.

"And if it does that, there is no reason why the rating agencies will not see that as an appropriate policy".

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