BJP will eliminate any remnants of corruption in its second term: Swamy

Agencies
April 9, 2018

New York, Apr 9: The BJP is "well set" to get a majority in the 2019 general elections and will eliminate any remnants of corruption in its second term, party leader Subramanian Swamy has said.

Swamy, who was in the city to address the 14th Annual India Business Conference at Columbia Business School hosted by the South Asia Business Association at the school, said in its second term in power the BJP will build a strong and "united" India.

"We are very well set to get a majority in 2019," Swamy told PTI here.

"We came to power for three reasons - Narendra Modi's reputation as a man of governance, the fight against corruption and persuading people, particularly Hindus to rise above their caste loyalties and vote for that party which will safeguard the interest of the Hindus, he said.

He said going into the 2019 national elections mode, the BJP will campaign on the promise to "eliminate whatever corruption we could not (eliminate) in the last five years".

"We want to build a strong and united India. We are not against the minorities, he said.

Addressing the conference, attended by students, academicians, entrepreneurs and executives, Swamy spoke at length about India's political and economic landscape.

He acknowledged that the BJP government's economic performance is still a long way off from the governance it had promised when it came to power in 2014, with demonetisation and the Goods and Services Tax (GST) further complicating the situation.

Swamy termed demonetisation as a "failure" and said the public, however, did not seem to mind it as it felt that by this move, the rich people were being brought to book.

On GST, he said, "we were totally unprepared for it. At the moment the GST is a nightmare, adding that the GST should not have been implemented before the 2019 elections.

At the moment, it (GST) is a nightmare. The lack of compliance is very very high. It is a failure, we have to admit that. There is definitely a feeling among businesses that there is tax terrorism and this needs to be corrected," he said.

Swamy, who has also called for abolishing Income Tax, said he is confident of the BJP coming back to power in 2019 and implementing more reforms that will put India on a 10 percent growth trajectory annually for the next 10 years, making it a major global economic power.

On the issue of multi-crore frauds at major banks, Swamy said this is due to the "collusion" of the politician with the businessmen.

"It is fundamentally a corruption issue. In my opinion, rather than catching the bank clerk and prosecuting him, we should concentrate on catching the people at the highest level and that will filter down to removing corruption, he said.

Swamy added that most of the corruption in the banks are clearly due to the "political patronage" and appointment system of banks' chairmen that are happening not only in the public sector but also in private sector banks.

Comments

angel of death
 - 
Tuesday, 10 Apr 2018

his daughter was married to MUSLIM, his hindu family generation ended LOL.

 

may be one day his grand child will ask who this scumbag you hate muslim with core.

 

Sur
 - 
Tuesday, 10 Apr 2018

LAUGH LOUDLY...HAHAHAHAHHAHAHAHAHAH

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News Network
August 8,2020

Kozhikode, Aug 8: A family of five, returning to their hometown at Koducalli in Kozhikode from Dubai, were aboard the fateful Air India Express flight that crash-landed at the Kozhikode airport claiming at least 18 lives on Friday.

Saifudheen, 40, is a businessman in Dubai. During the vacation when schools were closed here, his wife Fasalunnisa travelled, along with their children Muhammad Shahil, Fathima Sana and Aysha Shanza, to meet her husband.

On Friday, they were all travelling in the Air India aircraft to Kozhikode.

All five have received injuries and have been admitted to Baby Memorial Hospital Kozhikode except Sana, who is admitted to Al Shifa Hospital at Perinthalmanna in Malappuram.

"Saifudheen is my uncle. He and his family members were returning from Dubai when this unfortunate incident occurred. We were informed about the mishap at 8 pm. Now the family members have been shifted to Baby Memorial Hospital and everyone is fine now," Muhammad Salih, nephew of Saifudheen said.

The death toll in the flight crash landing incident at Kozhikode International Airport in Kerala rose to 18, including two pilots, Civil Aviation Minister Hardeep Singh Puri said on Saturday.

The minister said that he will visit the Kozhikode airport to take stock of the situation.

Two special relief flights have been arranged from Delhi and one from Mumbai for rendering humanitarian assistance to all the passengers and the family members.

Aircraft Accident Investigation Bureau (AAIB), Directorate General of Civil Aviation (DGCA) and Flight Safety Departments have reached to investigate the incident, the Air India Express stated.

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News Network
June 19,2020

Jun 19: Billionaire Mukesh Ambani on Friday announced that his oil-to-telecom conglomerate Reliance Industries is now net debt-free after raising a record Rs 1.69 lakh crore from global investors and a rights issue in under two months.

Reliance raised Rs 1.15 lakh crore from global tech investors by selling a little less than a quarter of the firm's digital arm, Jio Platforms Ltd, and another Rs 53,124.20 crore through a rights issue in the past 58 days.

Taken together with last year's sale of 49 per cent stake in fuel retailing venture to BP Plc of UK for Rs 7,000 crore, the total fund raised is in excess of Rs 1.75 lakh crore, the company said in a statement.

Reliance had a net debt of Rs 1,61,035 crore as on March 31, 2020. "With these investments, RIL has become net debt-free," it said.

"I have fulfilled my promise to the shareholders by making Reliance net debt-free much before our original schedule of March 31, 2021," Ambani said.

Jio Platforms - which houses the country's youngest but largest telecom firm Reliance Jio, raised Rs 1,15,693.95 crore from leading global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton and PIF since April 22, 2020.

Saudi Arabian sovereign wealth fund PIF buying 2.32 per cent stake in the unit for Rs 11,367 crore on June 18 "marks the end of Jio Platforms' current phase of induction of financial partners," the statement said.

Alongside, Reliance launched India's biggest right issue, which was subscribed to 1.59 times.

Though the rights issue size was Rs 53,124 crore, the company has got only 25 per cent of the money as the remaining is to be paid only next fiscal.

Ambani had at the company's annual general meeting on August 12, 2019, announced a roadmap for Reliance to become a net debt-free company before March 31, 2021.

"We have a very clear roadmap to becoming a zero net-debt company within the next 18 months that is by March 31, 202," he had said last year highlighting strong interest from strategic and financial investors in consumer businesses, Jio and Reliance Retail.

In the statement on Friday, he said he was both delighted and humbled to announce the fulfillment of the promise.

"Exceeding the expectations of our shareholders and all other stakeholders, again and yet again, is in the very DNA of Reliance," he said.

"Therefore, on the proud occasion of becoming a net debt-free company, I wish to assure them that Reliance in its Golden Decade will set even more ambitious growth goals, and achieve them," he added.

He said over the past few weeks, phenomenal interest was received from the global financial investor community in partnering with Jio.

"As our fundraising milestone from financial investors is achieved, we sincerely thank the marquee group of financial partners and warmly welcome them into Jio Platforms," he said.

"I also express my heartfelt gratitude to all the retail and institutional investors, both domestic and foreign, for their overwhelming participation in our record-setting Rights Issue," he added.

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News Network
March 29,2020

New Delhi, Mar 29: The Centre on Sunday asked state governments and Union Territory administrations to effectively seal state and district borders to stop movements of migrant workers during lockdown, officials said.

During a video conference with Chief Secretaries and DGPs, Cabinet Secretary Rajiv Gauba and Union Home Secretary Ajay Bhalla asked them to ensure that there is no movement of people across cities or on highways as the lockdown continues.

"There has been movement of migrant workers in some parts of the country. Directions were issued that district and state borders should be effectively sealed," a government official said.

States were directed to ensure there is no movement of people across cities or on highways.

Only movement of goods should be allowed.

District Magistrates and SPs should be made personally responsible for implementation of these directions, the official said.

Adequate arrangements for food and shelter of poor and needy people including migrant labourers be made at the place of their work, the official said.

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