Protests erupt over Telangana: 2 reportedly commit suicide; Congress ministers remonstrate

August 1, 2013

Protests_erupt_Telangana

Hyderabad, Aug 1: Several Ministers from coastal Andhra and Rayalaseema on Wednesday remonstrated with Chief Minister N. Kiran Kumar Reddy the decision on creation of Telangana even as protests erupted in non-Telangana regions of the state against the contentious move.

Several ministers from non-Telangana region, who had threatened to quit if the Congress decided to carve a new state out of Andhra Pradesh, met Reddy and one of them - Erasu Pratap Reddy - said he had 'already submitted' his resignation to the party.

Hyderabad will be a common capital for 10 years. Comment.

A group of ministers including T.G. Venkatesh, Erasu Pratap Reddy, Ganta Srinivas and Pitani Satyanarayana met the Chief Minister in the afternoon and discussed the fallout of the party high command’s decision.

"We (ministers and MLAs from the two regions) will meet again tomorrow and decide the course of action," Reddy and Venkatesh said after the meeting.

"Nothing has happened yet. Only the Congress has announced its decision. We are still hopeful that the process (to create Telangana) will not go through," they said.

Since Tuesday night, about a dozen MLAs belonging to the ruling party from Andhra-Rayalaseema claimed to have resigned their seats but sources in the Legislature Secretariat did not confirm having received any such letters.

Rallies, demonstrations across Andhra-Rayalaseema

Widespread protests were witnessed in several parts of Andhra and Rayalaseema regions with people taking to streets, organising rallies, demonstrations and burning tyres and effigies of UPA leaders as part of the bandh being observed today by different outfits.

Normal life was disrupted as educational institutions and commercial establishments remained closed and the services of state-run Andhra Pradesh Road Transport Corporation (APSRTC) were suspended in Kadapa, Chittoor, Visakhapatnam and Krishna.

The agitators squatted on roads to prevent the buses from plying.

Suicides, violence reported

Two persons, including a home guard, reportedly committed suicide in Vizianagaram and Guntur districts protesting the move to divide the state. At some places like Eluru, incidents of violence were reported, with protestors attacking a private educational institution and government offices, damaging furniture and setting private vehicles on fire.

Educational institutions remained shut across Andhra-Rayalaseema while lawyers boycotted work at many places. Tension prevailed in Anantapur district after police lobbed teargas shells on Samaikhyandhra protesters who pelted them with stones.

Hundreds of slogan-raising protesters took to streets and pelted stones on policemen near Arts College and other parts of Anantapur town, prompting the police to fire teargas shells.

"The situation is tense but under control. We had to fire teargas shells to disperse the protesters following stone pelting," a senior police official told PTI over phone from Anantapur town.

Indira, Rajiv Gandhi statues damaged

The protesters also allegedly damaged statues of former Prime Ministers Indira Gandhi and Rajiv Gandhi at a few places, besides ransacking a Mandal Revenue office (MRO) in Anantapur, he said adding the agitators also attacked offices of BJP with stones and tried to lay siege to the residence of state revenue minister Raghuveera Reddy.

The police chased away the protesters at many places in the town and some of them have also been taken into custody, he said. In Vijayawada, students gathered at squares and held road blockades to protest the decision to partition the state.

President of Vijayawada Chamber of Commerce and Industry Velampalli Ramachandra Rao told PTI that commercial establishments were closed as traders supported the shutdown. Government employees also supported the bandh call.

The Bar Association of Vijayawada appealed to its members not to attend courts.

In Visakhapatnam, 'Samaikyandhra' students' Joint Action Committee (JAC) and various other organisations held protests. Students' JAC leader Lagudu Govinda, who launched a hunger strike on the Andhra University campus Tuesday night, said his agitation would continue till the Congress high command reversed its decision.

In East Godavari, two platoons of paramilitary forces and as many BSF battalions were deployed as a precautionary measure even as a total bandh was observed in the district, Superintendent of Police Ravikumar said.

Some state-run buses were also damaged due to stone pelting following which five activists were rounded up, they said. Congress and TDP activists also clashed outside TDP office at Gokavaram bus stand in Rajahmundry but were dispersed later, they added.

In Guntur town, the proponents of united Andhra, including Congress activists, organised rallies demanding revocation of the resolution adopted by the Congress Working Committee for carving out Telangana from Andhra Pradesh.

Amid raging protests, Congress ministers and MLAs from Rayalaseema, who met Wednesday morning, demanded that the new capital be located in the Rayalaseema region.

"Kurnool (in Rayalaseema) was capital of Andhra state, but we sacrificed it for Hyderabad in AP. The state is being divided again. Hyderabad is developed. Now, it is not clear where the capital will be established. Our proposal is that we should get the capital, because we sacrificed," Law Minister E. Pratap Reddy told reporters after the meeting.

"Unless the package for Rayalaseema is specifically told to us, we cannot accept this," he said. "We will accept the new state only if we get our share of assured water (from river Krishna) and the new capital," one of them said.

Meanwhile, Telugu Desam Party president N. Chandrababu Naidu has asked the Centre to immediately constitute a committee of experts to assess the quantum of funds required to develop a new capital city for Andhra Pradesh.

"According to our rough estimates, a staggering Rs 4-5 lakh crore will be required to build a new capital and comprehensively create necessary infrastructure. The Centre should fund this and develop the new capital on par with Hyderabad," he said.

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Agencies
February 6,2020

Bijnor, Feb 6: Apprehensions over the Citizenship Amendment Act (CAA) and the National Register of Citizens (NRC) are now so strong that a team of economic enumerators were allegedly manhandled in Uttar Pradesh's Bijnor district and faced stiff resistance from the people.

A team of the economic census enumerators in Bijnor, on Wednesday, sent a letter to the District Magistrate narrating the difficulties they are facing in some parts "due to misinformation".

District magistrate Ramakant Pandey, when contacted, said that he had asked the department concerned to complete the work on time. "If teams are facing any problems, we will sort it out at once. No hurdle in economic census will be tolerated," he said.

According to District Economic and Statistics Officer, Harendra Malik: "Our teams are facing protests in minority-dominated areas as people are linking it to the NRC. Some team members were manhandled.

"We have now asked village heads and municipality chairmen to help our teams in the survey and convince the people. Our teams are trying to convince them that it is a routine work which is being carried out for years. It has nothing to do with the NRC or CAA."

He further said that they plan to hold a series of meetings with people's representatives, including village heads and chairmen, so that they could put an end to this confusion.

The seventh economic census was flagged off in Bijnor by District Magistrate Ramakant Pandey on January 6. There are around 3,000 enumerators and 569 supervisors engaged in the census being carried out under the supervision of economic and statistics department. It is expected to be completed by March 31.

The economic census is aimed at collecting data about the financial status of people engaged in unorganised sector.

Meanwhile, the areas where the enumerators are facing stiff resistance include Kalhari village in Najibabad block, Amipur Narain village in Mohammadpur Devmal block, Anisa Nangli village in Dwarka block and the Mirzapur Bella village in Jalilpur block.

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News Network
May 4,2020

Munbai/New Delhi, May 4: India expects bad debts at its banks could double after the coronavirus crisis brought the economy to a sudden halt, a senior government official and four top bankers said.

Indian banks are already grappling with 9.35 trillion rupees ($123 billion) of soured loans, which was equivalent to about 9.1% of their total assets at the end of September 2019.

"There is a considered view in the government that bank non-performing assets (NPAs) could double to 18-20% by the end of the fiscal year, as 20-25% of outstanding loans face a risk of default," the official with direct knowledge of the matter said.

A fresh surge in bad debt could hit credit growth and delay India's recovery from the coronavirus pandemic.

"These are unprecedented times and the way it's going we can expect banks to report double the amount of NPAs from what we've seen in earlier quarters," the finance head of a top public sector bank told Reuters.

The official and bankers declined to be named as they were not officially authorized to discuss the matter with media.

India's finance ministry declined to comment, while the Reserve Bank of India and Indian Banks' Association, the main industry body, did not immediately respond to emails seeking comment.

The Indian economy has ground to a standstill amid a 40-day nationwide lockdown to rein in the spread of coronavirus cases.

The lockdown has now been extended by a further two weeks, but the government has begun to ease some restrictions in districts that are relatively unscathed by the virus.

India has so far recorded nearly 40,000 cases of the coronavirus and more than 1,300 deaths from COVID-19, the respiratory disease caused by the coronavirus.

'RIDING THE TIGER'

Bankers fear it is unlikely that the economy will fully open up before June or July, and loans, especially those to small- and medium-sized businesses which constitute nearly 20% of overall credit, may be among the worst affected.

This is because all 10 of India's largest cities fall in high-risk red zones, where restrictions will remain stringent.

A report by Axis Bank said that these red zones, which contribute significantly to India's economy, account for roughly 83% of the overall loans made by its banks as of December.

One of the sources, an executive director of a public sector bank, said that economic growth had been sluggish and risks had been heightened, even ahead of the coronavirus crisis.

"Now we have this Black Swan event which means without any meaningful government stimulus, the economy will be in tatters for several more quarters," he said.

McKinsey & Co last month forecast India's economy could contract by around 20% in the three months through June, if the lockdown was extended to mid-May, and growth in the fiscal year was likely to fall 2% to 3%.

Bankers say the only way to stem the steep rise in bad loans is if the RBI significantly relaxes bad asset recognition rules.

Banks have asked the central bank to allow all loans to be categorized as NPAs only after 180 days, which is double the current 90-day window.

"The lockdown is like riding the tiger, once we get off it we'll be in a difficult position," a senior private sector banker said.

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News Network
May 13,2020

May 13: Senior Congress leader P Chidambaram on Wednesday mocked the prime minister's announcement of a Rs 20 lakh crore financial package as a "headline and blank page", and said he was looking forward to the finance minister filling the blank page.

Prime Minister Narendra Modi on Tuesday announced massive new financial incentives on top of the previously announced packages for a combined stimulus of Rs 20 lakh crore.

Chidambaram said he would count every additional rupee the government infuses into the economy and examine what the poor, hungry and devastated migrant workers get after walking hundreds of kilometres to their home states.

"Yesterday, PM gave us a headline and a blank page. Naturally, my reaction was a blank!

"Today, we look forward to the FM filling the blank page. We will carefully count every ADDITIONAL rupee that the government will actually infuse into the economy," he said on Twitter.

The former finance minister said "We will also carefully examine who gets what?".

"And the first thing we will look for is what the poor, hungry and devastated migrant workers can expect after they have walked hundreds of kilometres to their home states.

"We will also examine what the bottom half of the population (13 crore families) will get in terms of REAL MONEY," he said in a series of tweets.

Congress leader Jairam Ramesh also slammed the prime minister's announcement.

"Last night the Prime Minister did what comes to him best. Maximum packaging, Minimum meaning.It was a case of classic NAMO. No Action Message Only," he said on Twitter.

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