2 types of Rs. 500, 1000 notes: Opp suspects biggest scam of century

Agencies
August 8, 2017

New Delhi, Aug 8: Opposition Congress, supported by TMC and JD(U), today forced four adjournments of the proceedings in the Rajya Sabha over what it called as "biggest scam of this century" in the printing of two different kinds of 500 and 1000 rupee notes.

Slogan-shouting Congress members trooped into the well even as Leader of the House and Finance Minister Arun Jaitley said the opposition party has been raising "frivolous" issues without giving notices to stall Zero Hour proceedings.

They were supported by Sharad Yadav (JD-U) who displayed copies of some currency notes. Some members including Derek O'Brien (TMC) displayed the new 500 rupee notes issued after demonetisation to show the different sizes they were bring printed.

He first offered to submit the notes to Jaitley for scrutiny and then walked up to him to explain to him the difference. He, however, did not leave the notes with the Finance Minister.

Jaitley said there is no provision in the rules that anyone could "flash any paper and say it is point of order." "There is a misuse of zero hour which is going on," he said, adding that the Congress first raised the issue of provision for None-Of-The-Above (NOTA) in the ballot for Rajya Sabha poll but then discovered that the provision had been made during their rule.

"You have been raising frivolous issues in the Zero Hour without giving notice" with a view to disrupt and not get replies, he said, but did not reply to the opposition contentions on different sized notes.

Raising the issue through a point of order, Kapil Sibal (Cong) said different sizes of the new high denomination currency was being printed - "one for the ruling party (members) and one for the others".

"We have today discovered the reason why the government did demonetisation (of old 500 and 1000 rupee notes in November last year)," he said. Leader of the Opposition Ghulam Nabi Azad (Cong) said "this is the biggest scam of this century."

As Law Minister Ravi Shankar Prasad and Minister of State for Parliamentary Affairs Mukhtar Abbas Naqvi countered, Azad said two types of notes are being printed.

"The government has no right to remain in office for even five minutes," he said. Deputy Chairman P J Kurien said even if there are two types of notes, it cannot be a point of order. "You raise the issue in a different form."

"It is a serious issue," O'Brien said as he displayed two 500 rupee notes that he said were different in size and design. Prasad asked opposition members to explain where they got the currency notes from.

Sharad Yadav (JD-U) said no country in the world has two notes of different sizes. "One is bigger, one is smaller," he said. "I can give signed (copies of the notes)."

Kurien said he is not an expert to examine the notes. "You give separate notice." "I will give them to Finance Minister," O'Brien said. Kurien said "give it to the Finance Minister, I have no objection."

Anand Sharma (Cong) said the credibility of the currency in circulation has been challenged. Kurien however said the issue cannot be taken up through a point of order and the members have to give separate notice.

Pramod Tiwari (Cong) said notice has been given, to which Kurien said the Chairman will examine them. As the din continued, Kurien adjourned the proceedings for 15 minutes.

After the adjournment, as Kurien asked the members again to give notice on the issue, O'Brien said he has given notice for discussion on demonetisation for the past three weeks, but the government has not yet listed the matter.

As the din continued, Kurien adjourned the House till noon. Similar noisy scenes were witnessed when the Question Hour was taken up by Chairman Hamid Ansari, who adjourned the proceedings for another 15 minutes.

When the House assembled again, the opposition members continued slogan-shouting, forcing Ansari to adjourn the House till one PM.

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News Network
February 22,2020

Feb 22: Prime Minister Narendra Modi is unlikely to accompany US President Donald Trump and his family members during their visit to the Taj Mahal in Agra on Monday, official sources said.

The US President will arrive in Ahmedabad at around noon on February 24 for a less that 36-hour visit to India. He will be accompanied by a high-level delegation including First Lady Melania Trump, the President's daughter Ivanka Trump, son-in-law Jared Kushner and a galaxy of top US officials.

After attending an event at Ahmedabad, the Trumps will travel to Agra on Monday afternoon to visit the Taj Mahal before arriving at the national capital for the main leg of the visit.

When asked about reports that Modi may accompany Trump to Agra, official sources said there was no such plan.

They said the visit to the Taj Mahal in Agra by the US President and his family members will afford them the opportunity to view the historical monument suitably. Therefore, no official engagements or presence of senior dignitaries from the Indian side is envisaged there, the sources said.

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News Network
January 31,2020

New Delhi, Jan 31: Chief Economic Adviser K V Subramanian on Friday said India's GDP is expected to grow at 6-6.5 per cent next fiscal as the economic slowdown has bottomed out.

As per the first advance estimates released by the National Statistical Organisation (NSO), the country's economic growth is likely to hit an 11-year low of 5 per cent in the current fiscal ending March 2020.

The Economic Survey 2019-20, prepared by a team lead by Subramanian, has projected the GDP to expand in the range of 6-6.5 per cent during 2020-21.

The Indian economy has hit the bottom and it will see an uptick from here, he said in a media briefing post the Economic Survey.

Amidst a weak environment for global manufacturing, trade and demand, the Indian economy slowed down with GDP growth moderating to 4.8 per cent in the first half of 2019-20, lower than 6.2 per cent in H2 of 2018-19.

Based on NSO's first advance estimates of GDP growth for 2019-20 at 5 per cent, an uptick in GDP growth is expected in the second half of the fiscal, it said.

According to it, the uptick in second half of 2019-20 would be mainly due to ten positive factors like picking up of Nifty India Consumption Index for the first time this year, an upbeat secondary market, higher FDI flows, build-up of demand pressure, positive outlook for rural consumption, rebound of industrial activity, steady improvement in manufacturing, growth in merchandise exports, higher build-up of foreign exchange reserves and positive growth rate of GST revenue collection.

The survey also emphasised that merger of public sector banks may increase the financial strength of the merged entities, lower the risk aversion and result in lowering of lending rates.

Further, as the implementation of GST further settles down, the increased unification of the domestic market may reduce business costs and facilitate fresh investment.

Reforms in land and labour market may further reduce business costs, said the survey, presented a day before Sitharaman's Union Budget 2020-21.

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News Network
January 17,2020

Jan 17: President Ram Nath Kovind, on Friday, dismissed Nirbhaya convict Mukesh Singh's mercy petition, according to multiple media reports.

Mukesh Singh - one of the four convicts in the Nirbhaya gang rape and murder case had filed a mercy petition on Tuesday after Supreme Court dismissed curative petitions filed by him and Vinay Sharma (another convict).

More to follow

 

MHA forwards mercy petition of Nirbhaya convict to President; recommends rejection

New Delhi, Jan 17: The Union Home Ministry on Friday forwarded to President Ram Nath Kovind the mercy petition of one of the convicts in the Nirbhaya gangrape case, recommending its rejection, officials said.

Mukesh Singh, one of the four death row convicts in the 2012 Nirbhaya gangrape and murder case, had filed the mercy petition a few days ago.

"The Home Ministry has forwarded the mercy petition of Mukesh Singh to the President. The ministry has reiterated the recommendation of the Lieutenant Governor of Delhi for its rejection," the official said.

The Delhi LG had sent the mercy petition of Mukesh to the Home Ministry on Thursday, a day after the Delhi government recommended its rejection.

The four convicts -- Mukesh Singh (32), Vinay Sharma (26), Akshay Kumar Singh (31) and Pawan Gupta (25) were to be hanged on January 22 at 7 am in Tihar Jail. A Delhi court had issued their death warrants on January 7.

However, the Delhi government had informed the high court during a hearing that execution of the convicts will not take place on January 22 as a mercy plea has been filed by Mukesh.

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