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
February 17,2020

Mumbai, Feb 17: The Shiv Sena on Monday said the ongoing preparation for the much awaited visit of US President Donald Trump is a reflection of the "slave mentality" of Indians.

Trump's India trip is like the visit of a "Badshah" (emperor), an editorial in Sena mouthpiece 'Saamana' said.

Taking a dig at the construction of a wall on a plot having several slum structures in Ahmedabad ahead of Trump's visit there, the Sena said the US president's trip would neither stop the fall of rupee's value in forex market nor offer betterment to those (slum dwellers) behind the wall.

"Before Independence, British King or Queen used to visit one of their slave nations like India. The kind of preparations going on from taxpayers' money for the arrival of Trump is similar to it. This reflects the slave mentality of Indians," it said.

The Sena also took a swipe at Prime Minister Narendra Modi over the Ahmedabad Municipal Corporation's (AMC) move to build wall on a plot to "hide the slums" on the route through which Trump's convoy would pass.

"Former prime minister Indira Gandhi had once given the slogan 'Garibi Hatao', which was ridiculed for a long time. It seems now Modi's plan is 'Garibi chupao' (hide poverty)," the Marathi publication said.

Is there any financial allocation for such a wall being built in Ahmedabad? Is the US going to offer loan to India to build such walls across the country? it wondered.

"We have heard Trump is going to be in Ahmedabad for only three hours but the wall construction is costing almost Rs 100 crore to the state exchequer," it said.

It is basically a political arrangement between Prime Minister Modi and US President Trump, the Sena claimed.

Last year, 'Howdy, Modi!' (a mega event jointly addressed by the Indian prime minister and Trump) was organised in the US, it noted.

A similar programme, "Kem Chho Trump" (Gujarati expression for how are you Trump), has been now organised (in Ahmedabad) ahead of the US elections, chiefly because of a sizable number of Gujarati people living in America, the Shiv Sena claimed.

"But this visit of President Trump is neither going to stop further fall of rupee in the forex market nor offer betterment to those behind the wall (being built in front of slums in Ahmedabad)," it said.

The Sena said Trump is "not someone very wise or a statesman or someone who cares for the whole world", but he has to be treated with respect as he represents the mighty US.

"Sometimes you have to treat someone with respect to get your things done," it quipped.

The AMC on Friday said the construction of the wall, around four feet in height, was approved much before Trump's Gujarat visit was finalised.

Trump is scheduled to visit Modi's home state Gujarat on February 24.

He will visit the famous Sabarmati Ashram in Ahmedabad and take part in a roadshow with Modi. After that, the two leaders will inaugurate a new cricket stadium in Motera and address a gathering there, with an expected audience of over a lakh people.

While it was earlier speculated that the programme would be called 'Kem Chho Trump', the Ahmedabad Municipal Corporation on Sunday tweeted a series of posters confirming that the event is now christened as 'Namaste Trump', apparently to give it a pan-India appeal.

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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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Agencies
August 6,2020

Thiruvananthapuram, Aug 6 : Kerala Chief Minister Pinarayi Vijayan has said that Congress is known for adopting a soft Hindutva agenda and that there was nothing new in the remarks of Priyanka Gandhi Vadra and Rahul Gandhi on Ayodhya temple construction.

"I am not surprised regarding, Priyanka Gandhi's remark on Ayodhya. From Rajiv Gandhi and Narasimha Rao, Congress had followed a similar stance. I don't think Congress has any stand when it comes to secularism. 

If it was the case, then our country would not have reached such a level," the chief minister said when asked about the 'Bhumi Pujan' ceremony at the Ram temple in Ayodhya on Wednesday.

"There is nothing new on Rahul Gandhi or Priyanka Gandhi's position on the issue. They are following the Congress' soft Hindutva agenda. There is no element of surprise," Vijayan said.

Further, Vijayan said that CPI(M) Politburo had made clear the party's viewpoint on the Ayodhya temple construction.

"When it comes to Ayodhya issue. I want to ask who had allowed worship there. It was Congress. Who had allowed to lay the idol there? It was Congress. 

Who gave permission to Karseva? It was Congress. Even when it came to demolition of Babri Masjid too who shut their eyes and gave a silent nod for it- wasn't it the Congress regime at the centre? And Muslim League (IUML) was part of it. These are all part of our history," said Kerala Chief Minister.

He said instead of involving in discussions on it, more time should be utilised towards containing the COVID-19 spread in the country and helping the poor who are suffering due to the pandemic.

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