Govt rejects demand for PM's reply on demonetisation debate

November 17, 2016

New Delhi, Nov 17: Government today rejected the demand for Prime Minister Narendra Modi's response on the debate on demonetisation and accused the opposition of using it as an excuse to scuttle discussion on the issue in Parliament.

GovtInformation and Broadcasting Minister M Venkaiah Naidu told reporters after Parliament was adjourned for the day, amid protests by opposition demanding Modi's presence, that the reply to the debate would be given by the minister concerned or any other person on behalf of the government as per the rules of the House and precedents.

The opposition disrupted the Rajya Sabha, stalling midway the discussion on demonetisation that started yesterday.

A united opposition's relentless demand for a debate on demonetisation under a rule which entails voting forced the adjournment of the Lok Sabha also for the day as the government refused to accept it.

"Half way through, they realised that by raising such a debate it is going negative on them and boomeranging. Now I am afraid, are they trying to find a way out to come out of this and then stall the debate on one pretext or the other," Naidu said.

Dubbing the uproar by Congress and other opposition parties as an "excuse" to stall a debate, Naidu alleged that there is no rationale, whatsoever, behind it.

The Minister said things will happen as per the rules and procedures of the House and urged that the debate should go on.

"I feel that those who started the debate are now understanding that it is going negative, that is why they are finding excuse for not allowing the discussion.

"They are speaking in double tone and in different voices. They are not coming out openly either for or against. They are in dilemma and that dilemma will continue," he said.

Naidu said the entire country is watching as to who are with the hoarders and with the people with black money and who are with the government and the Prime Minister, who has "taken such a revolutionary step. They have to make a choice".

"Let the discussion take place. Then who will reply in the government. It could be the concerned Minister. The solution will come through the government as per traditions and rules," he said.

Naidu said government is addressing the problems faced by people on demonetisation and any suggestion, if worth considering, will be take up positively.

"Government is open to ideas to improve the system. But if somebody is trying to question this and attribute motives, then people are there to finally come to an assessment and decide. Let every party decide are they in favour of this move or against it, for which they have no answer directly," the minister said.

Comments

c.m bin
 - 
Thursday, 17 Nov 2016

cancel this PM. see korea and build the nation.

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Agencies
February 10,2020

New Delhi, Feb 10: After an hour-long standoff between the security forces and the students on Monday, the police resorted to a lathi-charge on the protesters near Holy Family hospital which is within walking distance of Jamia Millia Islamia.

A scuffle ensued when police confronted the protesters who tried to push forward towards Parliament. The lathi-charge was made to push back the protesters.

In the melee that ensued, many from both sides fainted.

Some security forces personnel resorted to the lathi-charge while others pushed back the protesters when they threw water pouches at the security forces and abused them.

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Agencies
June 2,2020

Singapore, Jun 2: Moody's Investors Service on Tuesday downgraded 11 Indian banks along with as many non-financial companies and infrastructure majors besides four government-related issuers following a downgrade of the Indian government's issuer rating to Baa3 from Baa2 with a negative outlook.

The rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, volatile oil prices and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets, said Moody's.

The Indian banking sector has been affected given the disruptions to India's economic activity from the coronavirus outbreak, which is weakening borrowers' credit profiles, it added.

The 11 lenders include Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Export-Import Bank of India, HDFC Bank, Indian Overseas Bank, IndusInd Bank, Punjab National Bank, State Bank of India and Union Bank of India.

The 11 non-finance companies are Oil and Natural Gas Corporation, Hindustan Petroleum Corporation, Oil India, Indian Oil Corporation, Bharat Petroleum Corporation, Petronet LNG, Tata Consultancy Services, Infosys, Reliance Industries, UPL Corporation and Genpact.

The 11 infrastructure companies are NTPC, NHPC, National Highways Authority of India, Power Grid Corporation, Gail India, Adani Green Energy Restricted Group (RG-2), Adani Transmission Restricted Group, Adani Ports and Special Economic Zone, Adani Transmission, Adani Electricity Mumbai and Azure Power Solar Energy.

The four Indian government-related issuers are Indian Railway Finance Corporation, Housing and Urban Development Corporation, Power Finance Corporation and REC Ltd.

"Government-related issuers in India have been affected because of disruptions to India's economy which will weaken borrowers' credit profiles," said Moody's.

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News Network
June 5,2020

New Delhi, Jun 5: Around 20 staff members of Delhi Metro Rail Corporation (DMRC) have tested positive for COVID-19, all of them are asymptomatic and are doing well, said DMRC officials.

In a statement, the DMRC said, "Along with the rest of the country, DMRC is also fighting the battle against COVID-19. Delhi Metro's employees have shown exemplary resilience in reporting back to their duties to keep the Metro system in all readiness for the eventual resumption of services."

"Some employees, scattered across the NCR have unfortunately been infected by the virus as well. They are all safe and recovering gradually. However, in this hour of crisis as well, the spirit of Delhi Metro continues to be high," the DMRC stated.

DMRC Managing Director, Dr Mangu Singh, in a message today asked all employees to adhere to social distancing norms and wished those afflicted with the virus a speedy recovery.

"This indomitable spirit will surely help the Delhi Metro, whenever we resume our services in the days ahead," said DMRC.

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