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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News Network
July 17,2020
New Delhi, Jul 17:  Congress leader Rahul Gandhi on Friday said that as India's COVID-19 tally has crossed 10,00,000 mark and issued a warning that by August 10, more than 20,00,000 people may be infected in the country. He called on the government to take concrete steps to control the pandemic.
 
Taking to Twitter, Gandhi marked his earlier tweet from July 14 that stated: "This week the figure will cross 10,00,000 in our country."
"The tally has crossed 10,00,000 mark. If COVID-19 continues to spread at the same speed, by August 10, more than 20,00,000 people will be infected in the country.
 
The government must take concrete, planned steps to stop the epidemic," he tweeted today.
With the highest single-day spike of 32,695 cases and 606 deaths, India's COVID-19 tally on Thursday reached 9,68,876, informed the Union Ministry of Health and Family Welfare on Thursday.
 
The total number of COVID-19 cases includes 3,31,146 active cases, 6,12,815 cured/discharged/migrated and 24,915 deaths. 

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News Network
February 29,2020

New Delhi, Feb 29: The father of Intelligence Bureau staffer Ankit Sharma, whose body was pulled out of a drain in northeast Delhi's riot-hit Chand Bagh, complained to police that goons had assembled at the residence of former AAP counselor Tahir Hussain and were throwing petrol bombs from the rooftop.

According to the FIR which was registered on Thursday on the basis of the complaint lodged by Ankit's father Ravinder, the goons were also firing from the rooftop.

On Tuesday, Ankit returned from his office at 5 pm and then went outside to buy groceries. When he did not return, the family started looking for him and later filed a missing report, the FIR stated.

They got to know from their neighbours that a body has been recovered from a drain… later it was found to be that of Anikt, it said, adding the body had multiple stab injuries on the face, head, back, and chest.

The family has alleged in the FIR that it was Hussain and the goons at his residence who killed Ankit. In the FIR, Hussain has been accused of murder, destruction of evidence and abduction.

Soon after the FIR was registered on Thursday, the AAP suspended Tahir Hussain from the primary membership of the party till the police completed its probe.

The death toll in Delhi's communal violence rose to 42 on Friday as the situation showed some signs of returning to normalcy and clouds of smoke cleared to reveal the extent of the damage from the worst riots in the city in over three decades.

A total of 148 FIRs have been registered and 630 people have been either arrested or detained so far in connection with the communal violence, a Delhi Police spokesperson said.

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News Network
January 21,2020

Jan 21: Indian policymakers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home.

Investors are speculating about potential steps Finance Minister Nirmala Sitharaman could unveil when she presents the nation’s budget on Feb. 1. These measures may include freeing up firms to borrow at higher rates and offering tax breaks to global funds.

“The government will need to relax local rules to make it easier for Indian companies to raise debt overseas and tide over the funding crunch in the onshore market,” said Raj Kothari, London-based head of trading at Jay Capital Ltd. “At the same time, they need to ensure that the borrowers tapping offshore markets abide with stricter corporate governance so as to avoid further defaults.”

A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding. The government has tried a series of measures to spur domestic credit, including providing so-called credit enhancement and allowing tiny firms to restructure debt.

Here are some steps Sitharaman may consider to spur foreign borrowing:

• She could raise the cap of 450 basis points above Libor, which limits overall foreign debt costs for Indian companies

• This could help lower-rated firms sell bonds abroad. Indian companies rated BBB currently borrow at more than 10%, about 3.8 percentage points more than their top-rated peers;

• Sitharaman could waive the withholding tax foreign investors need to pay on holdings of rupee-denominated debt sold by Indian companies abroad

• The waiver was offered between September 2018 to March 2019, but wasn’t extended as the highest global interest rates since the financial crisis deterred Indian borrowers. Since then, the three-month Libor has dropped by about 1 percentage point

• She could permit Indian property developers and housing finance lenders to sell overseas bonds for reasons beyond affordable housing projects

• New funding lines to the real estate sector, arguably ground zero of India’s economic slowdown, could help kickstart consumption and investment as the industry is the nation’s biggest job-creator.

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