PM addresses nation on reforms: Who said what

September 22, 2012

PM

New Delhi, September 22: Prime Minister Manmohan Singh, in a televised speech this evening, explained to the nation the reforms introduced by his government last week. The PM said that the people have a right to know why his government took these decisions and that they should rest assured that the government did not want to burden the aam aadmi or common man.

Here are the political reactions to Dr Singh's speech:

Mamata Banerjee, Trinamool Congress Chief and West Bengal Chief Minister (on her Facebook page)
I want to ask what is the definition of aam aadmi? Is it not becoming clear that the use of the name of aam aadmi, and misuse of power of chair. Is it to finish aam aadmi? Is it the game plan.

Sitaram Yechury, CPI(M) leader
There is nothing new in the PM's speech

Kakoli Ghosh Dastidar, Trinamool Congress leader
PM is a gentleman, a learned man. But the Congress has no touch with the common man, though they keep talking about aam aadmi. Cut in subsidy will create problems for the middle class.

Mukhtar Abbas Naqvi, BJP leader
In his speech, the Prime Minister tried to mislead the country. He appeared advocating the interests of foreign countries and not the Indians, he leads.

Prakash Javadekar, BJP spokesperson
If PM wanted to show intent, he should have acted against corruption. Instead he has burdened the common man.

Tarun Vijay, BJP spokesperson
Money doesn't grow on trees, yes. Thanks for telling us, but money stashed in foreign banks? No mention of financial irregularities. Just Words.

Shivanand Tiwari, Janata Dal (United) spokesperson
Everybody knows that a major share of petrol and diesel is imported. But what steps has the government taken to bring down the consumption. He is accusing the Opposition of creating confusion on the issue but, in fact, Singh himself is doing so.

Prakash Karat, CPI(M) General Secretary
The Prime Minister has sought to defend the indefensible steps taken by the government. The Prime Minister has not answered how he could proceed with these measures when it does not have the support of the overwhelming majority in Parliament.



D Raja, CPI National Secretary
The address was very very desperate. He miserably failed to answer any questions raised by common man and parties.

Kapil Sibal, union minister
Without these decisions, our situation would have worsened. I think the steps taken are not much and are right. The steps in 1991 were opposed similarly.


Rashid Alvi, Congress spokesperson
The Prime Minister has explained each and everything as to why under the present circumstances, tough steps taken by the government were necessary. This should be appreciated by other parties.

Shabana Azmi, actor and activist
Sound speech by PM. There should be many such addresses to a bewildered nation so people know what's going on and why.

Ajay Maken, Union sports minister
PM shows strong resolve, aggression and focus for fast economic growth, for welfare of the common man! "Those opposing now, did so in 1991 too."

Adi Godrej, chairman of the Godrej Group and president of CII
A very balanced address, he clearly explained that these steps were very necessary. His comparison with 1991 was very apt. I am impressed with the action last week and today's speech; the government has good support. Mamata's pullout may strengthen the government - the stock market went up and the rupee appreciated. A stronger rupee will lead to lower inflation.

Jay Shankar, economist and political strategist
There is very little that the Prime Minister has to connect with the people... they don't know or understand great economic terminologies like fiscal deficit. He should speak to the people more often. In a typical democracy like India, regional parties have become strong and they determine how reforms should be implemented. Strong leadership is required.

Madan Sabnavis, chief economist, Care Ratings
The government should rethink its decision taken on subsidy. The PM spoke very good economics but was not convincing. It is not a precarious situation like in 1991, India is not the only country with a high fiscal deficit.

Kiran Mazumdar Shaw MD, Biocon
PM gave a very cogent explanation of the urgency for reforms. He reached out to the people to explain how he can't afford India to reach a situation like some European countries where people are losing their jobs. I wish he had done this earlier. We can't have a prime minister who keeps large periods of silence.


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Agencies
March 24,2020

New Delhi, Mar 24: Nearly 500 coronavirus cases have been reported in India so far, according to Health Ministry data on Tuesday.

According to the data updated Tuesday morning, the total number of COVID-19 cases rose to 492, including 446 active cases.

The figure includes 41 foreign nationals and the nine deaths reported so far, the Health Ministry said.

West Bengal and Himachal Pradesh reported a casualty each on Monday while seven deaths were earlier reported from Maharashtra (two), Bihar, Karnataka, Delhi, Gujarat and Punjab.

Thirty-seven people have been cured/discharged/migrated, it added.

The number of active cases at 446 saw an increase of 22 from last night's figure.

As cases of the viral infection surged, authorities have put almost the entire country under lockdown, banning gathering of people and suspending road, rail and air traffic till March 31.

Kerala has reported the highest number of COVID-19 cases so far at 95, including eight foreign nationals, followed by Maharashtra which recorded 87, including three foreigners, according to the ministry data.

Karnataka has reported 37 cases of coronavirus patients, while cases in Rajasthan increased to 33, including two foreigners.

Uttar Pradesh has 33 positive cases, including a foreign national.

Telangana has so far reported 32 cases, including 10 foreigners.

Cases in Delhi rose to 31, including one foreigner, while Gujarat has reported 29 cases.

In Haryana, there are 26 cases, including 14 foreigners, while Punjab has reported 21 cases.

Ladakh has 13 cases, while Tamil Nadu has reported 12 cases, including two foreigners.

West Bengal, Madhya Pradesh and Andhra Pradesh have reported seven cases each so far.

Chandigarh has six cases, while Jammu and Kashmir has four cases.

Uttarakhand and Himachal Pradesh have reported three cases each, while there are two cases each in Bihar and Odisha.

Puducherry and Chhattisgarh have reported a case each.

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Agencies
July 30,2020

Kochi, Jul 30: The Kerala High Court on Thursday refused to grant the extension for the stay of a 74-year-old US citizen, Johnny Paul Pierce, who had earlier said that he felt safer to remain in India than in the United States amid the COVID-19 pandemic.

The single-judge bench of Justice CS Dias, which considered the writ petition, observed that the grant or extension of visa to foreign nationals fall exclusively within the domain of the Government of India (GoI) and that judicial review in such matters is minimal.

The power of the GoI to expel foreigners is absolute and unlimited, the bench said.

"In view of the categoric declaration of law by the Supreme Court, the plea of the petitioner to permit him to stay back in India cannot be accepted, as it falls within the purview of the guidelines and the discretion of the Government of India," the order said.

"The petitioner cannot be heard that the guidelines/policies/regulations formulated by the Government of India, that an American national though has been granted a visa having validity of five years has to leave India within 180 days, is irrational or unreasonable," it added.

The High Court, which was hearing a plea to permit the US citizen to stay in India for a further period of six months, said that the petitioner does not have a case that there is an infraction of Article 21 of the Constitution of India.

"The petitioner was well aware of the visa conditions when he arrived in India, and it is too late in the day for him to raise a grievance on the visa conditions," the bench said noting that the petitioner's love for India was heartening.

The High Court also directed the Foreigners Registration Officer to consider the petitioner's representation within a period of two weeks in accordance with the applicable guidelines and policies.

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Agencies
March 8,2020

Mumbai, Mar 8: A day after the Enforcement Directorate registered a money laundering case against Yes Bank founder Rana Kapoor and raided his premises, he was taken to the agency's office in Mumbai on Saturday for further questioning.

Kapoor, who was grilled by central agency's officials on Friday night at his Samudra Mahal residence in Mumbai, was shifted to the ED office in the metropolis around 12.30 pm.

ED officials said Kapoor was questioned throughout the night, with some rest time.

A senior ED official connected with the probe told IANS: "Kapoor will be questioned about Yes Bank loans to Dewan Housing Finance Limited (DHFL)."

The official said that during searches a lot of incriminating documents were found and the agency wanted to grill him on his links with DHFL promoters and other companies.

Kapoor's alleged role in the disbursal of loan to a corporate entity and kickbacks reportedly received in his wife's bank account are also under probe.

The ED had filed the money laundering case against Kapoor and raided his residence, apart from issuing a look-out circular so that he does not flee the country.

The ED registered a money laundering case against Kapoor as a continuation of its probe against the DHFL wherein it was allegedly found that Rs 12,500 crore was diverted to 80 shell companies using one lakh fake borrowers. The transactions with these shell companies date back to 2015.

An ED official in New Delhi told IANS that the DHFL probe revealed that funds diverted by the DHFL originated from Yes Bank.

He said that the searches at Kapoor's residence on Friday night were meant to find out any irregularity in grant of loans to the DHFL by the Yes Bank.

The ED has accused Kapil and Dheeraj Wadhawan of DHFL of purchasing shares in five firms -- Faith Realtors, Marvel Township, Abe Realty, Poseidon Realty, and Random Realtors -- after which they were amalgamated with Sunblink.

The outstanding loans of these five firms, totalling around Rs 2,186 crore till July 2019, were allegedly appropriated onto the books of Sunblink to cover up the diversion of loans acquired from DHFL.

The ED's action comes after the RBI superseded Yes Bank Board for 30 days and appointed an administrator, putting a cap of Rs 50,000 on withdrawals by account holders for a month.

The RBI said that the bank's board was superseded "owing to serious deterioration in the financial position of the bank".

Former SBI CFO Prashant Kumar was appointed as administrator of Yes Bank, which has over 1,000 branches and 1,800-plus ATMs across the country.

On Thursday, Union Finance Minister Nirmala Sitharaman said that the bank was on watch since 2017 and developments relating to it were monitored on a day-to-day basis.

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