Need to teach lessons to the rogue: Parrikar on Pakistan

December 12, 2014

New Delhi, Dec 12: Even as India will try to use diplomatic steps to avoid a confrontation with Pakistan, one needs to teach lessons to "those who are rogue", Defence Minister Manohar Parrikar said Friday.Defence Minister Manohar Parrikar

Asked at the Aaj Tak-2014 conclave about the disturbances created by Pakistan along the border, he said India was not closing any options for "harsh measures".

"We are always prepared with counter measures. Eye for eye or 'eent ka jawab pathhar se' (befitting reply) appears to be an offensive statement. But ultimately, you have to teach a lesson to those who are rouge. "How do we do it is a part of strategy, and I won't reveal it here. But I am definitely not closing any ... harsh measures," Parrikar said. He, however, added that this was not the only option and India would also try diplomatic measures like exerting political and diplomatic pressure. "I know some people will say these have failed, have not yielded results, with a state like Pakistan where there is hardly any control by the political leadership. "These might have some meaning but I think there are some effective measures that can be preventive.

"There cannot be always defensive measures. We can have preventive measures. We need not wait for someone to attack," the minister said. Parrikar said the response from India had been strong and terrorists have been neutralised. "This year the number of neutralised terrorists is 102 compared to 66 last year. You can understand the level of engagements." He was asked about the risks of a nuclear conflict between India and Pakistan."Nuclear doctrine (advocates) restraint. I don't think any state can resort to it. A full-scale war can be linked to the nuclear aspect of it, but if there are places where you get terrorists across, there are people who do it. Those people will have to be pressurised," he said. "I am not talking about going across the border. Why not use the same people who attack us, as we say 'gun ka barrel ghuma do' (turn the barrel of the gun around)," he said.

The minister added that increasing the morale of the security forces and providing them better equipment was a priority. "The soldiers who neutralise terrorists at a height of 14,000 feet... Equip them properly. If we can give good boots to soldiers in Siachen, why not to these soldiers? "When they go on vacation after two years, are you aware there is not enough space to get them back in the aircraft available? "When you expect them to fight (at the border), their battle at home should be taken care of by the ministry," he said.

Observing that blacklisting was not the only solution, the Defence Minister said Italian defence multinational Finmeccanica, which was blacklisted, has so many subsidiaries and wondered was it viable not to buy arms from any one of them.

Expressing concern over death of army personnel in various accidents, Parrikar said he will not allow any carelessness.

"Give me sometime I will establish accountability. I cannot lose soldiers while loading the gun. Definitely no."

Asked whether the last 10 years were a lost decade in terms of modernisation of armed forces, he said, "It was a lost decade for defence forces but it was gain decade for many others."

On his predecessor A K Antony, Parrikar, who is an IIT graduate, said, "There is no solution only by remaining honest.

"I agree that Antony may have a clean image that does mean the reflection of cleanliness in the actual procurement.

"To remove dirt, you have to step into it," Parrikar said, adding he reads all the files and his engineering background at times helps him in understanding technical issues.

"I do not know how many ministers read files. I read files and raise many queries. I have been habitual reader. I can isolate the good part of it. I think once you have clean intentions or proper reasoning for all judgements, there can be no question of quality of the judgement," he added.

On implementation of the 'One Rank, One Pension' policy, Parrikar said an announcement will be made within next 4-8 weeks.

"I will not drag the issue for long. I will sort it out at the earliest. If I could take the satisfaction level (of the former armed personnel) to 80-90 per cent, that should be a good enough solution," he said.

'One Rank, One Pension' has been a long-standing demand of the over two million ex-servicemen of India. It seeks to ensure that a uniform pension is paid to the defence personnel retiring at the same rank with the same length of service, irrespective of their date of retirement.

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News Network
March 16,2020

Mar 16: An investigation into Coffee Day Enterprises Ltd., initiated by its board after the death of founder V.G. Siddhartha, is likely to conclude that at least Rs 2,000 crore is missing from its accounts, according to people familiar with the matter.

The months-long probe following the suicide of Siddhartha in July examined the financial transactions of India’s largest coffee chain and its dealings with dozens of private companies owned by the entrepreneur. The draft report, running more than a hundred pages, points to thousands of rupees that have gone missing, said the people, asking not to be named because the details aren’t public. It also details hundreds of transactions between the founder’s listed and personal businesses that were not conducted at arm’s length, they said.

Though the report is in its final stages, the precise details could change before its release, expected as early as this week, the people said. The missing funds could total more than Rs 2500 crore, one person said.

“The investigation report is still a work in progress, and not finalized,” a spokesman for the company said. “The board of directors and the company are unaware of its content at this point of time. Hence it would be premature to speculate on the investigation findings.”

The priority for management and Siddhartha’s family “is to keep the business running in a challenging environment and meet all stakeholder commitments, including 30,000 jobs associated with the group,” the spokesman added.

The disappearance of the 59-year-old founder last year stunned India’s business community. He had last been seen telling his driver he was going for an evening walk along a bridge in southern India; his body was found by local fishermen two days later. A letter delivered to Coffee Day’s board and employees, which appeared to be signed by Siddhartha, described massive debts and complained of pressure from lenders and tax authorities. It claimed he bore sole responsibility for the company’s financial transactions.

The probe began about a month later when the company brought in Ashok Kumar Malhotra, a retired senior official from India’s federal enforcement agency, to investigate. A senior lawyer practicing in India’s top court is assisting, the company said in a regulatory filing at the time.

The publicly traded Coffee Day was supposed to be India’s answer to Starbucks Corp. More than 1,500 of its Café Coffee Day outlets blanketed cities and highways, with affordable options for the country’s aspiring middle classes. The chain’s tagline: “A lot can happen over coffee.”

But the empire has been battered since the founder’s death. Its shares plummeted about 90% and its market value dropped to about $80 million. Trading was suspended in February.

India’s regulators are tracking the situation and may use the company’s final report as part of a deeper dive into its internal affairs, the people said. Coffee Day showed about Rs 2400 crore in cash and cash equivalents on its balance sheet as of March 2019, the most recent figures the company has issued.

After the death of Siddhartha however, the company faced a severe liquidity crunch and had “zero cash in the bank,” according to one of the people. It struggled with day-to-day expenses and paying salaries has been a strain, the person said.

The draft report details personal guarantees by Siddhartha for loans taken by Coffee Day, and his unsecured loans at high interest rates from local money lenders, the people said. It also probes Coffee Day’s defaults to coffee growers and other vendors, they said.

A related issue is that coffee estates owned by Siddhartha and several employees had been used as collateral for bank loans. The report found that valuations for properties were inflated to get the loans, one person said.

Investigators have examined several theories about what happened to the company’s money, including whether Coffee Day was manipulating its finances to show cash and profit and whether Siddhartha was taking cash out of the listed company to pay off a large investor to whom he had guaranteed a return, the person said. From the filings of his listed and private companies, the entrepreneur’s loans had totaled more than Rs 10,000 crore, and he had been squeezed by borrowing to repay interest on earlier loans, the person said.

In the letter purportedly from Siddhartha, the entrepreneur said he had tried his best but failed as an entrepreneur. “I am solely responsible for all mistakes,” the letter read. “Every financial transaction is my responsibility. My team, auditors and senior management are totally unaware of all my transactions. The law should hold me and only me accountable, as I have withheld this information from everybody including my family.”

As the report nears release, Coffee Day is finalizing a deal with Blackstone Group Inc. for real estate assets. A large tranche of the payment is due in about a week, one person said.

Coffee Day said it is working to reduce its debt load by divesting non-core enterprises.

“The aim is to save employment and preserve this iconic Indian brand,” the spokesman said.

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News Network
March 13,2020

Raipur, Mar 13: Calling Jyotiraditya Scindia a "power-hungry" leader, Chhattisgarh Minister and Congress leader TS Singh Deo on Friday said that if someone joins another party to occupy the top position of the state that he should never become a Chief Minister.

When enquired if Deo has any plans to join the BJP in the future, he quickly said that he would never be able to relate himself with the "ideology" of the party.

"People may make claims but I will never join BJP, even if I get 100 lives I will never associate with that ideology. A person who joins BJP for not being able to become Chief Minister should never become a Chief Minister," he said while speaking to media in Raipur.

"A single person does not remain as captain forever, Kapil Dev got his chance when Gavaskar was there. Currently, Virat Kohli is the captain but in T20 there are different captains. Will Kohli join Pakistan's team if he is not made the captain? This is beyond understanding."

On Wednesday, Scindia joined BJP in New Delhi in the presence of party President JP Nadda. He had resigned from Congress a day earlier after meeting Union Home Minister Amit Shah and Prime Minister Narendra Modi.

He will file his nomination for the Rajya Sabha elections on March 13.

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Indian
 - 
Friday, 13 Mar 2020

May it be Scindia or some other, misusing power cheating with citizens mandate for their self benifit  "very soon the fare and best judgement from the creator will be their very soon.  No one is greatro than the creator.

 

 

For citizens well fare creator is opinion and protect always there. Hope MP people always with faith on creator.

 

 

Jai Hind !

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News Network
May 27,2020

Mumbai, May 27: The Maharashtra government on Tuesday ordered re investigation by the CID into the suicide of a 53-year-old interior designer and his mother, allegedly over non-payment of dues by TV journalist Arnab Goswami and two others.

State Home Minister Anil Deshmukh said he ordered re investigation after Adnya Naik, daughter of interior designer Anvay Naik, claimed that Alibag Police in neighbouring Raigad district did not probe the non-payment of dues which had driven her father and grandmother to suicide.

"Adnya Naik had complained to me that #AlibaugPolice had not investigated non-payment of dues from #ArnabGoswami's @republic which drove her entrepreneur father & grandmom to suicide in May 2018," Deshmukh tweeted.

"I've ordered a CID re-investigation of the case," the minister, an NCP leader, added.

He also used the hashtag "Maharashtra government cares" while sharing the tweet. Earlier this month, the police registered an abetment of suicide case against Republic TV editor-in-chief Goswami and two others.

The suicide note purportedly written by Anvay Naik, managing director of Concorde Designs Private Limited, said he was forced to take his life as he was not paid dues of Rs 5.40 crore by the three accused.

Republic TV denied the allegation and said that certain vested interest groups were running "a false and malicious campaign and making false statements and innuendos against the company by exploiting the tragic event".

Mumbai Police are also conducting a probe against Goswami over his statements about the Palghar lynching case of April this year.

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