Don't need certificate from mom-son duo out on bail: Modi slams Rahul, Sonia for questioning note ban

Agencies
November 12, 2018

Bilaspur(Chattisgarh), Nov 12: Hitting out at Rahul and Sonia Gandhi for questioning him on demonetisation, Prime Minister Narendra Modi Monday said he did not need a "certificate of honesty" from the "mother-son duo" who are out on bail.

In a no-holds-barred attack on the Congress, its president Rahul Gandhi and his mother Sonia, Modi also said the party's "politics begins and ends with one family".

Addressing a poll rally in Bilaspur ahead of the second and final phase polling in Chattisgarh on November 20, the prime minister made a strong pitch for development, saying its pace under the Congress' watch was "far slow" than that during the BJP's rule.

Singling out the Gandhis for "seeking account of demonetisation", Modi asked "whether the mother-son duo who are out on bail for financial irregularities would give him certificate of honesty".

"They want an account of demonetisation. It was due to the demonetisation that fake companies were identified. And because of that you had to seek bail. Why do you forget that it was due to the note ban that you had to seek bail," he said without naming the Gandhis.

Modi announced the ban on high-value currency notes on November 8, 2016.

Modi's remarks were an apparent reference to the bail granted by a Delhi court to Rahul and Sonia in December 2015 in connection with alleged financial irregularities in the National Herald case.

Senior Congress leader Ghulam Nabi Azad disapproved of Modi's bail remarks, saying the prime minister should not lower the dignity of his office.

Attacking the Congress on the issue of corruption, Modi also referred to then Prime Minister Rajiv Gandhi's remark in 1985 that only 15 paise of every rupee meant for the welfare of the downtrodden reached them.

Which "hand" (election symbol of the Congress) had siphoned off the remaining 85 paise, Modi asked.

Alluding to Rajiv Gandhi's remark, Modi said demonetisation "brought back the 85 paise which were disappearing" due to corruption.

Congress never got a leadership which worked with a resolution of "living or dying for the welfare of the nation", he said.

Chhattisgarh may have taken 50 years to attain the present level of development had it still been ruled by the Rahul Gandhi-led party, he said.

"And there is a reason for it. Their politics begins and ends with one family, while our politics begins from the huts of the poor," he told the gathering.

Modi said people ask him from where was he getting the money for developmental works. "It (money) is very much available," he added.

"The money is yours. Earlier it was hidden under someone's bed, in cupboards. It all came out after demonetisation was announced," he said.

Without naming the Congress, Modi said its leaders were "disconnected" from the aspirations of people.

"Hence, they (Congress leaders) would give slogans, but they did not have policies and intentions to realise. Neither did the Congress get a leadership which worked with the resolution of living or dying for welfare of the nation," he said.

He also targeted the Congress president, saying when Congress released its 36-point manifesto for Chhattisgarh polls, 'Naamdaar' (Rahul Gandhi) was referred to as 'Sir' 150 times which shows he is more important for them (Congress) than Chhattisgarh.

The BJP is for development and it was due to this commitment that the opposition is unable to understand how to compete with ruling party in elections, Modi said.

Comments

Angle
 - 
Tuesday, 13 Nov 2018

What about you faku, you have blood of innocent people in your hand, which you killed in 2002, how will you show your face to GOD on judgment day, dont think i will live as king forever many have destroyed at the end time, your karma will follow you,,,one of the loofar & 3rd class PM india ever had.

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Agencies
June 18,2020

New Delhi, Jun 18: Reliance Industries Ltd on Thursday said it has sold a 2.32 per cent stake in its digital unit to Saudi Arabia's Public Investment Fund (PIF) for Rs 11,367 crore, taking the cumulative fund raising to about Rs 1.16 lakh crore in two months.

Starting with Facebook Inc on April 22, Reliance has sold almost 25 per cent of equity in Jio Platforms - the maximum reports suggest the company intends to dilute to financial investors.

The investment by Saudi sovereign wealth fund is "at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore", the company said in a statement.

With this investment, Jio Platforms has raised Rs 115,693.95 crore from some of the leading global investment powerhouses at a time when the world is deeply impacted by the coronavirus pandemic, resulting in a recession kind of environment for the global economy.

"With the addition of PIF's investment, Jio Platforms has established partnerships with a marquee set of global financial investors, who will contribute to establishing the Digital Society vision for India," the statement said.

Jio Platforms houses India's biggest telecom firm by subscribers, Reliance Jio. With more than 388 million users, Jio has forced out several rivals and driven consolidation in the sector since entering the market in 2016 with free voice services and cut-price data.

Over the past two months, billionaire Mukesh Ambani's oil-to-telecom conglomerate has announced the sale of about $14 billion of assets, completed a Rs 53,124 crore rights issue and slowed the run rate of new investment by a quarter.

These will help Reliance meet its target of paying off Rs 1.61 lakh crore of net debt by the end of the year.
This is PIF's largest investment into the Indian economy to date.

Ambani, chairman and managing director of Reliance Industries, said, "We at Reliance have enjoyed a long and fruitful relationship with the Kingdom of Saudi Arabia for many decades. From oil economy, this relationship is now moving to strengthen India's New oil (data-driven) economy, as is evident from PIF's investment into Jio Platforms."

Yasir Al-Rumayyan, governor of PIF, commented: "We are delighted to be investing in an innovative business which is at the forefront of the transformation of the technology sector in India. We believe that the potential of the Indian digital economy is very exciting and that Jio Platforms provides us with an excellent opportunity to gain access to that growth."

"This investment will also enable us to generate significant long-term commercial returns for the benefit of Saudi Arabia's economy and our country's citizens, in line with our mandate to safeguard and grow the national wealth of the Kingdom," he said.

The transaction is subject to Indian regulatory and other customary approvals.

Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell acted as legal counsels.

Prior to this deal, Reliance had sold 22.38 per cent of Jio Platforms to investors including Facebook Inc, securing Rs 104,326.95 crore in eight weeks.

Facebook kicked off the party, investing Rs 43,573.62 crore for a 9.99 per cent stake on April 22. This was closely followed by a further Rs 60,753.33 crore in investment.

Silver Lake - the world's largest tech investor - bought a 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore on May 4. It invested another Rs 4,546.80 crore for additional 0.93 per cent stake on June 5, taking its total holding to 2.08 per cent
Private equity KKR and Vista Equity Partners have taken 2.32 per cent stake each for Rs 11,367 crore apiece. KKR invested in Jio Platforms on May 22 while Vista invested on May 8.

Abu Dhabi sovereign wealth fund Mubadala Investment Co picked up 1.85 per cent in Jio Platforms for Rs 9,093.60 crore on June 5. Abu Dhabi Investment Authority on June 7 invested Rs 5,683.50 crore for a 1.16 per cent stake in Jio Platforms.

On May 17, global equity firm General Atlantic picked up 1.34 per cent stake in Jio Platforms for Rs 6,598.38 crore.

Global investment firm TPG on June 13 picked up 0.93 per cent for Rs 4,546.80 crore while L Catterton bought 0.39 per cent for Rs 1,894.50 crore.

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News Network
January 7,2020

Jan 7: Body of the senior Iranian military commander, Qasem Soleimani killed in a U.S. drone strike in Iraq last week, has arrived in his home town of Kerman in southeast Iran for burial, the official IRNA news agency said on Tuesday.

State TV broadcast live images of thousands of people in the streets of the town, many of them dressed in black, to mourn Soleimani's death.

Soleimani was widely seen as Iran’s second most powerful figure behind Supreme Leader Ayatollah Ali Khamenei, 80, who wept in grief along with hundreds of thousands of mourners who thronged the streets of Tehran for Soleimani’s funeral on Monday.

Khamenei led prayers at the funeral in the Iranian capital, pausing as his voice cracked with emotion. Soleimani, 62, was a national hero even to many who do not consider themselves supporters of Iran’s clerical rulers.

He was killed while leaving Baghdad airport last Friday. Mourners packed the streets, chanting: “Death to America!” - a show of national unity after anti-government protests in November in which many demonstrators were killed.

The crowd, which state media said numbered in the millions, recalled the masses gathered in 1989 for the funeral of the Islamic Republic’s founder, Ayatollah Ruhollah Khomeini.

The killing of Soleimani has prompted fears around the world of a broader regional conflict, as well as calls in the U.S. Congress for legislation to keep President Donald Trump from going to war against Iran.

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News Network
February 16,2020

New Delhi, Feb 16: RSS chief Mohan Bhagwat on Saturday said everyone is unhappy in the society and constantly agitating notwithstanding a "many-fold rise" in materialistic comforts and pleasures.

Addressing a gathering of Sangh workers and intellectuals here in Gujarat, Mr Bhagwat also said that even political parties who are not in power are also agitating.

"Inspite of increase in comforts and materialistic pleasures, everyone is unhappy and is staging agitations. Be it owner or servant, a party in opposition, the common man students, teachers, everyone is unhappy and dissatisfied," the Rashtriya Swayamsewak Sangh (RSS) chief said.

He was speaking on the topic "India's Role in the Present World Context".

Mr Bhagwat further said that bigotry, violence and terrorism are on the rise in the present world.

"India has to give 'dharma'  (wisdom) to the world so that knowledge spreads but humans do not become robotic. We have always talked about the concept of global family but not global market," he said.

The lecture was organised by "Madhav Smruti Nyas", an organisation backed by the RSS.

"To think that we are living in a better world is a half truth. Facilities are not evenly distributed. Rule of Jungle is prevailing. A capable person is crushing the weak to climb up. Knowledge is used more for the destruction of the world," the Sangh chief said.

Mr Bhagwat said people are also misusing social media by spreading "false information" to create controversies.

He also stated that trying to put "everyone into one uniform" is also a form of bigotry.

"US and Russia are super powers. China would become a super power too. Now, what super power nations did to others? They just took control of other countries for their own selfish agenda. These super powers gave it back only when they were asked to do so. Otherwise, they never gave anything to others," said Mr Bhagwat.

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