No place for Dalits and backwards in the heart of Congress: PM Modi

Agencies
May 10, 2018

Bengaluru, May 10: There is no place for Dalits and backward classes in the heart of the Congress, Prime Minister Narendra Modi said on Thursday, asserting his government is trying to realise B R Ambedkar's dream of a powerful and prosperous India.

Launching a blistering attack on the Congress over the way it has treated Dalits, Modi said the party showed no respect for Ambedkar.

The Congress, he alleged, used "all its power" to defeat Ambedkar when he contested Lok Sabha election in 1952 and Bandara Lok Sabha by-election in 1953.

"That is the reason why Baba Saheb had to face defeat and insult. Let Congress show at least one thing it did to honour Baba Saheb," he said.

Addressing BJP's SC/ST/OBC and Slum Morcha workers through his Namo App, Modi said, "There is no place for Dalits and backward classes in the heart of the Congress."

"This has been happening for decades. Till the time the Congress party was in power, Baba Saheb was not given Bharat Ratna," he said.

Maintaining that Ambedkar dreamt of an India which takes everybody forward together, he said the BJP is trying to fulfil his dream by implementing various schemes.

The government, he said, is making efforts to ensure there is social justice and equality.

Modi said 'Stand Up' and 'Mudra' Yojanas are playing a major role in the financial empowerment of scheduled castes, scheduled tribes, OBCs and women.

Noting that the BJP has the most number of MPs belonging these categories, Modi said, it was for the first time after Independence that the Atal Bihari Vajpayee government created a separate ministry for scheduled tribes.

Also, it was under Vajpayee that the government created a separate national commission for scheduled tribes, he said.

Modi said the BJP has its governments in Madhya Pradesh, Maharashtra, Gujarat, Rajasthan, Jharkhand and Chhattisgarh which have sizeable tribal population.

It is also in power in northeastern states like Assam, Arunachal Pradesh, Manipur and Tripura, and is part of coalition dispensations in Nagaland and Meghalaya."This shows that tribal people are fully supporting BJP," he said.

He said the party's manifesto for Karnataka elections has details of the programmes its government will undertake for the empowerment of the scheduled tribes.

In Chitradurga, Mysuru, Uttar Kannada and Bagalkot, the government will set up four 'sindhoora laxman training centres' for vocational training, he said.

Modi said the Congress never thought of giving constitutional status to OBC Commission.

"What problem they have I am yet to understand. Every time they create obstacles despite the community's demand for it," he said.

The Congress, he said, did not allow Parliament to function to block the government's move to accord constitutional status to OBC Commission.

Modi said his government made provisions of SC/ST (Prevention of Atrocities) Act more stringent and increased the number of offences listed under it from 22 to 47.

"The government did this because I know what problems the poor face, what pain Dalits and tribals suffer, and what kind of language is used against them.

"He asked BJP workers to visit the homes of people belonging to scheduled castes, scheduled tribes and backward classes to reassure them that BJP will work for their welfare.

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News Network
May 20,2020

New Delhi, May 20: With 5,611 new cases reported in the last 24 hours, India's COVID-19 tally reached 1,06,750 on Wednesday, according to the Union Ministry of Health and Family Welfare.

As many as 140 deaths have been reported in the last 24 hours, taking the total number of deaths to 3,303.

Out of the total cases, 61,149 are actives cases and 42,298 patients have been cured/discharged/migrated.

Maharashtra continues to remain the worst-affected state with 37,136 cases, followed by Tamil Nadu (12,448 cases), Gujarat (12,140 cases), and Delhi (10,554 cases).

The nationwide lockdown imposed as a precautionary measure to contain the spread of coronavirus has been extended till May 31.

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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
June 6,2020

New Delhi, Jun 6: With 9,887 new positive cases reported in the last 24 hours, India's COVID-19 count touched 2,36,657 on Saturday surpassing Italy's latest tally of over 2.34 lakh, taking India to the sixth spot among countries with the highest caseloads of the virus.

The Union Ministry of Health and Family Welfare (MoHFW) said that India registered a spike of 9887 new cases and 294 deaths in the past 24 hours taking the tally to 1,15,942 active cases and 6642 deaths.

Today's count was the highest single-day spike in the country, which has now overtaken Italy, according to the tally posted by the Johns Hopkins University which posted that globally the coronavirus had infected over 66.64 lakh people and claimed over 3.91 lakh lives so far.

In india, the MoHFW informed that 1,14,073 persons have been cured/discharged/migrated so far.

Maharashtra remains the worst-hit State as the total number of COVID-19 positive cases reached 80,229. While the total number of active cases in the state stands at 42,224.

In Tamil Nadu, 28,694 cases have been detected so far while Delhi has reported 26,334 coronavirus cases.

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