No ban on day-dreaming: Javadekar on Rahul's prime ministerial aspirations

Agencies
May 22, 2018

Mumbai, May 22: Union minister Prakash Javadekar on Tuesday took a dig at Congress president Rahul Gandhi's remark that he is ready to be the prime minister, saying there is no ban on "day-dreaming".

The Congress has lost 20 states and it is in power only in a couple of states now. "If on that basis, Gandhi is thinking of becoming the prime minister, then there is no ban on day-dreams in this country," Javadekar told a regional television channel, when asked about the Congress chief's remark.

Gandhi had recently said he is ready to become the prime minister if his party emerges as the "biggest" party in the 2019 Lok Sabha polls.

Asked if Gandhi could pose a challenge to Prime Minister Narendra Modi in the parliamentary elections next year, Javadekar said, "A smart tweet or big talk is not politics. It is much more than that."

The BJP had only two MPs in the Lok Sabha in 1984 and it won 282 seats in the 2014 general polls. The Congress was then 400, which reduced to 44, he pointed out.

"There are lessons to be learnt by the Congress from our example," he said.

Asked about the recent political scenario in Karnataka, he said the southern state's governor had invited the BJP by acting within the constitutional framework.

"When we realised that we do not have the sufficient strength, our chief minister (B S Yeddyurappa) stepped down," he added.

On the Punjab National Bank scam involving diamond merchant Nirav Modi, the BJP leader said, "It happened during Congress period but we have arrested more than 13 people in connection with the case. We will seize their properties spread across the country."

On the BJP's slogan of 'Congress-free India', the minister said it means a country free of "crony-politics, lobbying and passing on benefits only to selected people."

"The bad culture in politics, introduced by the Congress, is what we have been opposing," Javadekar said.

Asked about Rahul Gandhi using a similar slogan of "Modi-mukt Bharat", he claimed that it does not have any appeal among people. "Being so anti-Modi is negative politics which will never be successful in the country."

Despite being a nationwide party, if the Congress was going to say it will only oppose (Prime Minister) Narendra Modi, then it is negative politics, he said.

Javadekar exuded confidence that the BJP will not only win the 2019 general elections, but its performance will also be better than earlier in West Bengal, Odisha, Tamil Nadu and Kerala. "We will also retain our current base in the country."

To a query on how the Centre was going to check the black money and if any opposition leader from Maharashtra would face the heat, he said the Benami Property Transaction Act is going to be implemented from June onwards.

"You will see many leaders of the Congress, the NCP and many more will face its heat. The properties and bungalows purchased in the name of some servants or non-existing person, all are going to be confiscated," he said.

Highlighting the government's achievements and lauding its Swachh Bharat Abhiyan, Javadekar said seven crore houses in the country got toilets.

"I have seen that women in Uttar Pradesh and Bihar have given their toilets the name of 'izzat ghar' as earlier it was embarrassing for them to go out in public," he said.

There are some 400 schemes in the country having an outlay of Rs 3.25 lakh crore, which directly gets deposited into the bank accounts, he said.

"The then prime minister, Rajiv Gandhi, had once said that if he sends Rs 100 to the people, only Rs 15 would reach actually. It was the Congress in power, from the Centre to village, and leaders were siphoning off money. We have stopped it," Javadekar said.

Comments

Mr Frank
 - 
Tuesday, 22 May 2018

Yes Modiji has got excellent experience of that in karnataka and it applies more to Modiji than Rahul for 2019.

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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
January 5,2020

New Delhi, Jan 5: A masked mob on Sunday entered the Sabarmati Hostel on the Jawaharlal Nehru University (JNU) campus and assaulted several students and professors with sticks and rods.

"I have been brutally attacked by goons wearing masks. I am bleeding. I was brutally beaten up," JNU Students' Union (JNUSU) president Aishe Ghosh told reporters.

She has been admitted to the AIIMS here for treatment.

Several other students were also injured in the incident.

In a video of the incident, a group of goons with their faces covered can be seen assaulting students with wooden sticks and rods.

A tweet from the official handle of the JNUSU said, "Sabarmati Hostel: right now. They are beating the students who are inside. Knocking on doors with rods. People are jumping from balconies. #SOSJNU #EmergencyinJNU."

"Professors who were trying to protect us have been beaten up. These are unknown ABVP goons, not all are students, they have covered their faces, and they are moving towards the hotels near the West Gate. Stay alert. Make human chains. Protect each other. #SOSJNU #EmergencyinJNU," another tweet added.

Meanwhile, the ABVP's JNU unit claimed in a tweet: "Emergency in JNU. Leftist goons of JNU accompained with their cadre from other universities have crossed every limit. They have proceeded with unimaginable violence on ABVP activists of JNU."

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News Network
April 30,2020

Bengaluru, Apr 30: Shares of Glenmark Pharmaceuticals Ltd rose almost 9% on Thursday after the Indian drugmaker got an approval to conduct clinical trials with antiviral drug favipiravir, seen as a potential treatment for COVID-19.

Favipiravir, manufactured under the brand name Avigan by a unit of Japan's Fujifilm Holdings Corp and approved for use as an anti-flu drug in the Asian island country in 2014, has been effective, with no obvious side-effects, in helping coronavirus patients recover, a Chinese official told reporters at a news conference last month.

"After having successfully developed the API and the formulations ... Glenmark is all geared to immediately begin clinical trials on favipiravir on COVID-19 patients in India," Sushrut Kulkarni, executive vice-president for Global R&D, Glenmark Pharmaceuticals, said in a statement. 

The Drug Controller General of India, the country's drug regulator, did not immediately respond to Reuters request for comment.

On Wednesday, another Indian pharmaceutical company, Strides Pharma Science Ltd, said it had developed and commercialized favipiravir antiviral tablets, and had applied to Indian drug authorities to start trials.

Shares of Mumbai-based Glenmark Pharmaceuticals, which rose as much as 8.9% to 359 rupees ($4.78), was trading up 5.9%, as of 0407 GMT.

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