Centre needs ‘strong’ leadership: Modi

September 15, 2013

haryana_modi

Rewari (Haryana), Sep 15: In his first public rally after being anointed BJP’s Prime Ministerial candidate, Narendra Modi today made a strong pitch for “strong leadership” at the Centre and asked politicians to take lessons in true secularism from the Army.

Modi, who has accused the UPA government of poor governance, said if the country has to be steered out of the present mess, it needs a “strong government” with a person who can lead from the front.

“If you want to see the country strong, if you want a strong government in Delhi, then check whether your name is on the voter list,” he said while urging the youth to exercise their right to vote.

In his 65-minute-long address, Modi made several references to former Prime Minister Atal Behari Vajpayee, who was considered a moderate in the BJP, and to the “true secularism” prevailing among Indian Armed Forces.

“The politics of vote banks has become disgusting in our country. Politicians who want to divide the society through vote bank politics, should learn true secularism from our armed forces,” he told the rally attended by former Army Chief Gen V K Singh and a large number of ex-servicemen.

Training his guns at the Centre, Modi said the border troubles with Pakistan and China were not because of any shortcomings in the Army.

“The problem is in Delhi. And hence the solution to this problem has to be found in Delhi itself. The problem will be solved only when a competent, patriotic and people-oriented government is formed at the Centre.,” he said.

Modi attacked Defence Minister A K Antony over his first statement in Parliament on the killing of five Indian soldiers.

“It is unfortunate that the country’s defence minister makes a statement in Parliament that someone came in Pakistani soldiers’ uniform and killed our soldiers...it must have pained our soldiers,” he said.

Modi also chose the occasion to attack JD(U), which parted ways with NDA three months ago ending a 17-year-old alliance over his elevation.

“It is the acme of shamelessness when a public representative says that people join Army to die. No leader, no political party would have humiliated (the forces) more than this....

“If you cannot recognise the sacrifice of people in armed forces, don’t insult the soldiers who are fighting for the security of the country“,” he said.

Modi was referring to remarks by a minister in Nitish Kumar government in Bihar for which the JD(U) had pulled up him. The rivalry between Kumar and Modi is well-known.

Lashing out at the policies of the Centre, he said that “every day we are facing problems...Pakistan is not giving up its design...China is showing us its might by intrusion... is keen to stop Brahmaputra rivers water and wants to take control over Arunachal Pardesh.”

”...The government that is sitting in Delhi is not at all concerned about them. They feel that such incidents keep taking place,” he said.

Noting that today’s rally is the “call for change” and that the “land of Haryana has challenged the Delhi Sultanate”, he said “when you are standing amid the Army in battlefield, then your ability to lead is seen.

He should have capacity, a war strategy and the yearning to stand in the front, he said.

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News Network
March 10,2020

New Delhi, Mar 10: A military transport aircraft of the Indian Air Force (IAF) brought back 58 Indians from coronavirus-hit Iran on Tuesday, official said.

The aircraft, a C-17 Globemaster, was sent to Tehran on Monday evening.

About 2,000 Indians are living in Iran, a country that has witnessed increasing numbers of coronavirus cases in the last few days.

"The IAF aircraft has landed. Mission completed. On to the next," External Affairs Minister S Jaishankar tweeted.

In an earlier tweet, he said, "First batch of 58 Indian pilgrims being brought back from Iran. IAF C-17 taken off from Tehran and expected to land soon in Hindon."

"Thanks to the efforts of our Embassy @India_in_Iran and Indian medical team there, operating under challenging conditions. Thank you @IAF_MCC. Appreciate cooperation of Iranian authorities. We are working on the return of other Indians stranded there (sic)," Jaishankar added.

The aircraft landed at Hindon airbase in Ghaziabad, from where the passengers were take to a medical facility.

According to latest reports, 237 people have died of novel coronavirus in Iran while the number of positive cases stands at around 7,000.

It is the second such evacuation by the C-17 Globemaster in the last two weeks.

On February 27, 76 Indians and 36 foreign nationals were brought back from the Chinese city of Wuhan by the aircraft of the Indian Air Force.

The C-17 Globemaster is the largest military aircraft in the IAF's inventory. The plane can carry large combat equipment, troops and humanitarian aid across long distances in all weather conditions.

Four days ago, a Mahan airline plane brought swab samples of 300 Indians from Iran to India.

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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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News Network
April 2,2020

Chandigarh, April 2: A 59-year-old woman and her 10-month-old granddaughter have tested positive for novel coronavirus in Chandigarh on Thursday.

According to the Chandigarh Health Department, they are family contacts of the NRI couple that tested positive for COVID-19 earlier.
With this, the total cases in the Union Territory rose to 18.

The total number of confirmed COVID-19 cases in the country climbed to 1,965 on Thursday, after as many as 328 new cases were reported, said the Union Ministry of Health and Family Welfare. So far, at least 50 people have lost their lives due to the virus.

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