Modi has deep flaws in his character: Chidambaram

March 31, 2014

New Delhi, Mar 31: Finance Minister P Chidambaram today attacked BJP's PM candidate Narendra Modi saying there are "deep flaws" in his character and warned people against the "danger" from one individual taking over the party, cabinet and government.

"It is no longer BJP led by Modi. It is BJP supplanted by Modi. These are dangerous things that people of India must watch carefully. If party, democracy, republic, cabinet, government, everything is supplanted by one individual, then it is dangerous.

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"I, me, mine (of Modi). People have enough time to reflect," the senior congress leader told reporters at the AICC headquarters here.

Chidambaram's attack came close on the heels of Modi targeting Sonia Gandhi at an election rally in Assam and demanding that she come clean on who helped the two Italian marines get "safe passage" from the country after killing two fishermen off the Kerala coast.

"Sonia Gandhi should answer the people on who helped the two Italian marines get safe passage from India after killing two fishermen in Kerala," he said.

Hitting out at Modi, Chidambaram said, "There are deep flaws in his character. He cannot resist from making such provocative and derogatory remarks."

The Finance Minister said that Modi had made "such perverse characterisation" of a former Chief Election Commissioner by calling him as 'James Michael Lyngdoh' in election meetings apparently referring to his religion.

"Referring to people practising a certain faith, he had said 'ham panch, hamare pachis. (we five, our 25)'. When he referred to the Congress President sometime back, he said 'das numberi'," Chidambaram said.

He said he was "astonished" by the fact that the party to which he belonged does not point out these "deep character flaws" in Modi. "These are the traits in his character about which we have been talking for the last two years."

Turning to the Italian marines issue, Chidambaram wondered what the country of the Congress President's origin had to do with it as it was a matter before the Supreme Court and the issue was between the lawyers and the courts.

Chidambaram also attacked Modi for his remarks that he would go after the former Maharashtra Chief Minister Ashok Chavan, fielded by Congress from Nanded, in the Adarsh Housing scam.

"Is he going to appoint himself as a Director of CBI. Modi has said that he will go after Chavan, that is an astonishing statement. But if he is appointing himself as CBI Director, then he will have to go against several others in his own party from the south of the Vindhyas and east of the Vindhyas. There are several people," he said.

He was asked about Modi's statement against Chavan while ignoring the CBI charge sheet against a BJP MP from Maharashtra, Ajay Sancheti, who has been accused of having eight benami flats in the Adarsh society.

Responding to questions on the SIT 'clean chit' to Modi in post-Godhara riots, Chidambaram said the SIT had limited mandate and did not have all the powers that the police have.

"SIT gave a report, which has been accepted by the first court. That report has been challenged in higher court. The final word is not yet out. It is wrong to describe the SIT report to the first court as a clean chit," he said.

On Uma Bharati reportedly raking up the Ram temple issue, he said she has spoken her mind. "She is candid and truthful. Many of the BJP leaders are not as truthful as Uma Bharati."

"Deep down, there are many BJP leaders who believe that the temple must be built at the site where the masjid was demolished, uniform civil code should be brought and Article 370 giving special status to Jammu and Kashmir should be done away with," he said.

To a question about the Prime Ministerial capability of Rahul Gandhi, he said that the Congress Vice President will be an "earnest, hardworking, concerned and compassionate" PM and while he has his own ideas, there will be many in the party and the government to give him suggestions.

With the UPA-II's image tarnished by several scams and controversies, the senior Minister admitted that the government and the party could have communicated better on issues like 2G spectrum and coal blocks allocation.

Replying to questions, he also said that he wanted that India should have supported the United Nations Human Rights Resolution against Sri Lanka even though the Ministry of External Affairs chose otherwise.

"I feel we should have voted for the resolution. After all 23 countries voted for it. At least, we would have had the satisfaction of voting for a resolution that called for action against human rights violation in Sri Lanka.

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News Network
April 28,2020

New Delhi, Apr 28: Outstanding loans amounting to Rs 68,607 crore of top 50 wilful bank loan defaulters in the country including firms of Mehul Choksi and Vijay Mallya have been technically written off till September 30, 2019, the Reserve Bank of India said in a RTI reply.

Absconding dimantaire Choksi's company Gitanjali Gems tops the list of these defaulters with a whopping amount of Rs 5,492 crore, according to the list.

This is followed by REI Agro with Rs 4,314 crore and Winsome Diamonds with Rs 4,076 crore.

Rotomac Global Private Limited has funded advances of Rs 2,850 crore which have been technically written off and Kudos Chemie Ltd with Rs 2,326 crore, Ruchi Soya Industries Limited, now owned by Ramdev's Patanjali, with Rs 2,212 crore and Zoom Developers Pvt Ltd with Rs 2,012 crore being the other companies.

Mallya's Kingfisher Airlines figures in the list at number 9, with outstanding of Rs 1943 crore which have been technically written off by the banks.

Forever Precious Jewellery and Diamonds Private Limited has loans of Rs 1,962 crore written off while Deccan Chronicle Holdings Limited have Rs 1915 crore written off loans.

Choksi's other firms Gili India and Nakshatra Brands also have loans of Rs 1,447 and Rs 1109 crore respectively written off.

REI Agro of Jhunjhunwala brothers is already under the scanner of ED. The CBI and ED are also probing alleged fraud by the owners of Winsome Diamonds.

Vikram Kothari's Rotomac is the fourth in the list. He and his son Rahul Kothari were arrested by the CBI for bank loan default.

In the last Parliament session, Rahul Gandhi had asked the government to provide a list of top 50 bank loans defaulters in the country, leading to sharp exchanges and uproar in the Lok Sabha.

"The information on top 50 wilful defaulters and their sum of funded amount outstanding and amount technically/prudentially written off as on September 30, 2019 reported in CRILC by banks, is provided," the RBI said in its written response dated April 24.

In his application, RTI activist Saket Gokhale had sought the list of defaulters as on February 16, but the RBI said the requested information is not available.

The RBI said that according to section 8 (1)(a) of RTI Act 2005 read with para 77 of Supreme Court judgement of December 16, 2015 in Jayantilal N Mistry case, information on overseas borrowers is exempted from public disclosure.

"Data is as reported by banks and RBI will not be held responsibly or accountable for any misreporting and/or incorrect reporting by the reporting entities," the RBI said in the written reply to the RTI query.

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Agencies
May 26,2020

The Shopping Centres Association of India (SCAI) on Monday said the sector has lost over Rs 90,000 crore in the last two months, owing to the lockdown, and market players need much more than the repo rate cut and the loan moratorium extended by the RBI.

In a statement, the industry body said that the Reserve Bank of India's (RBI) relief measures are not adequate to support the liquidity needs of the industry.

According to the SCAI, there is a common misconception that the shopping centres' industry is centred around metros and large cities with investments only from large developers, private equity players and foreign investors.

"However, the fact is that most malls are part of the SMEs or standalone developers. i.e. more than 550 are single owned by standalone developers out of the 650-odd organised shopping centres across the country and there are 1,000+ small centres in smaller cities," it said.

Amitabh Taneja, Chairman of SCAI said: "The organised retail industry is in distress and has not earned anything since the lockdown and their survival is at stake. While the extension of the loan moratorium talks about some relief on repayment but won't help the industry in liquidity."

He said that a long term beneficial plan from the government is much required to revive the sector.

"Being the most safe, accountable, and controlled environment, unfortunately, malls have not been permitted to open which will lead to job losses and might even shut shops for a lot of mall developers," Taneja said.

In its representations to the Centre and the Reserve Bank of India, the association has also pointed out that, in absence of financial package and stimulus from the RBI, over 500 shopping centres may go bankrupt, that may lead to the banking industry staring at NPAs of Rs 25,000 crore.

The industry body has put forward its recommendations and requests to the government. It had sought moratorium till March 2021 at the least in terms of repayment of bank loans, interest, EMI and so on, without levy of any penalties or penal interest.

It has also sought a one-time loan restructuring with lower rates of interest, permitted for shopping centres and a facilitative and forward-looking support provision of short-term financing options for a period of six to 12 months, at lower interest rates, to meet the increased working capital requirements.

Among other relaxations, it had also appealed for GST rebates to offset the losses on account of and for the period of closure of business.

It also said that interest rates should be brought down to "manageable levels" of 5-6% in view of the precarious financial situation.

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News Network
February 24,2020

Ahmedabad, Feb 24: US President Donald Trump and his wife Melania on Monday tried their hands at spinning the 'charkha' (spinning wheel) at the Sabarmati Ashram here.

Accompanied by PM Narendra Modi, the US president and his wife went around the Ashram, before resuming the roadshow from the airport to the Motera stadium. "To my great friend Prime Minister Naredra Modi, thank you for this wonderful visit," Trump wrote in the Ashram visitors' book.

The US President was briefed about Gandhiji and the importance of charkha as a symbol of self reliance. Trump reached Ahmedabad at 11.37 am for the first leg of his India visit.

US President Donald Trump arrived in Ahmedabad on Monday for the first leg of his India trip. The Air Force One plane carrying Trump and his wife Melania landed at the Sardar Vallabhbhai Patel international airport here at 11.37 am, officials said. It was scheduled to land at 11.40 am.

Trump, who is also accompanied by daughter Ivanka, son-in-law Jared Kushner and top brass of his administration, will get a taste of India's cultural melange during his high- optics Gujarat itinerary, after the bonhomie between the two leaders at the 'Howdy, Modi!' event in Houston last year.

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