Note ban: BJP veteran compares Modi to Tughlaq

Agencies
November 15, 2017

Ahmedabad, Nov 15: Former finance minister and BJP leader Yashwant Sinha taking a dig at Prime Minister Narendra Modi over demonetisation, said even the 14th century Delhi sultan, Muhammad bin Tughlaq, had implemented note ban 700 years ago.

Criticising Modi for the controversial move, Sinha at a function here claimed that demonetisation had hit the economy to the tune of Rs 3.75 lakh crore.

"There were many 'shahenshas' (king) who brought their own currency. Some even kept previous currency in circulation while introducing the new one. But, there was a shahenshah 700 years back - Muhammad Bin Tughlaq - who introduced his own (currency) while discontinuing the old currency," he said.

"Thus, we can say that demonetisation was done 700 years back. Though Tughlaq is infamous for shifting his capital from Delhi to Daulatabad, he has also done demonetisation," Sinha said.

Tughlaq, who ruled the Delhi Sultanate for a short period of time in the 14th century, was known for his controversial decisions like shifting the capital of the Sultanate from Delhi to Daulatabad and introducing non-precious metal currency.

Sinha was invited by a group of activists under the banner of 'Lokshahi Bachao Abhiyan' (Save Democracy Movement) to share his views about note ban and the Goods and Services Tax (GST).

He claimed that the biggest problem of the country was unemployment.

"Time is running out to do something for the economy in the current situation," he said.

Citing a report by the 'Centre for Monitoring Indian Economy', the veteran BJP leader claimed that the direct cost of demonetisation would come around Rs 1,28,000 crore.

"The direct cost of note ban, such as printing new notes, would come around Rs 1,28,000 crore. If we consider that the economy has slowed down by 1.5 per cent due to note ban, although I believe it is more than that, then it has made a dent of Rs 2,25,000 crore more to the economy.

"Now add that direct cost of Rs 1,28,000 crore with this Rs 2,25,000 crore. In total, our economy has suffered a loss of around Rs 3.75 lakh crore directly," he said.

Sinha, who was finance minister in the Atal Bihari Vajpayee-led NDA government, said demonetisation and the GST roll-out were treated just as "media events".

"We must think why we did that. We did it because nowadays everything is a media event. We started believing that no one did that before us. You should not forget that Atal Bihari Vajpayee's government was also there. If he has not done anything, then why did we give him Bharat Ratna?" said Sinha.

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News Network
May 30,2020

May 30: A Delhi court on Saturday granted interim bail for 10 days to former municipal councillor from the Congress Ishrat Jahan, who has been booked under the stringent Unlawful Activities (Prevention) Act, to get married.

She has been booked under the anti-terror law in a case related to communal violence in northeast Delhi in February.

Additional Sessions Judge Dharmender Rana granted the interim relief from June 10 to June 19 to Jahan on furnishing two sureties of Rs 1 lakh.

The court directed her not to tamper with any evidence or influence the witnesses in the case.

According to the interim bail plea, filed through advocates S K Sharma and Lalit Valeecha, Jahan's marriage was fixed in 2018 for June 12, 2020.

The plea further said that Jahan would not tamper with any evidence or influence the witnesses if granted bail.

The petition, also filed through advocates Tushar Anand and Manu Prabhakar, claimed that Jahan has been falsely implicated in the case.

It alleged that upon bare perusal of the contents of the FIR, no incident of violence can be attributed to her and the wild and baseless allegations made against her were not only irresponsible and false, but also caused serious harm to her reputation.

Jahan, who is also an advocate, was only a supporter of ongoing peaceful protests and it was one of the fundamental rights of the citizens to protest and register their dissent against any unreasonable measure of the government, the plea said.

Besides Jahan, Jamia Millia Islamia University students Asif Iqbal Tanha, Gulfisha Khatoon, Jamia Coordination Committee members Safoora Zargar, Meeran Haider, president of Jamia Alumni Association Shifa-Ur-Rehman, suspended AAP councillor Tahir Hussain, activist Khalid Safi, JNU student Natasha Narwal and former student leader Umar Khalid have also been booked under the anti-terror law in the case.

The police had claimed in the FIR that Khalid and his associates had instigated people to start riots in the area and it was a "premeditated conspiracy".

Communal clashes had broken out in northeast Delhi on February 24 after violence between citizenship law supporters and protesters spiralled out of control, leaving at least 53 people dead and around 200 injured.

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News Network
March 23,2020

Bengaluru, Mar 23: Indian stocks plunged over 9% on Monday, as the rapidly spreading coronavirus pandemic sent major states including the country's capital into a lockdown amid increasing fears that outbreak could bring world economies to a grinding halt.

The NSE Nifty 50 index slipped 9.17% to 7,937.75 by 0408 GMT, while the S&P BSE Sensex was 9.42% lower at 27,093.24.

Over the weekend in India, the virus drove several companies to shut operations and the government sent states into lockdowns, bringing normal life to a grinding halt.

"Panic has gone up domestically because of the lockdown situation," said Vinod Nair, head of research at Geojit Financial Services.

"There is fear that the situation will not be brought under control soon."

The rupee hit a fresh record low of 76.05 against the dollar, as a flight into cash and worries about tightening liquidity boosted demand for the world's reserve currency.

Meanwhile, global markets crumbled, with MSCI's broadest index of Asia-Pacific shares outside Japan sliding nearly 4% as the global death toll climbed to over 14,000, further battering economic activity, and raising fears of a global recession.

After market hours on Friday, the Securities and Exchange Board of India halved position limits for certain stock futures, restricted short-selling of index derivatives and raised margin rates for some shares to curb "abnormally high" volatility amid the pandemic.

In domestic trading, the Nifty PSU Bank Index plunged 8%, while the Nifty bank index crashed nearly 10%.

The Nifty Auto Index slid 9% after several carmakers over the weekend suspended production due to the virus.

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News Network
March 11,2020

New Delhi, Mar 11: A doctor in Kerala on Tuesday alleged that she was sacked by the management of the private clinic she was working with for informing authorities about a non-resident Indian (NRI) patient who reportedly declined to undergo the mandatory check for coronavirus.

Dr Shinu Syamalan said the patient had come to the clinic recently with suspected symptoms of the virus.

"When he was asked whether he had visited any foreign countries, he said he was coming from Qatar. But he had not reported to the Health department about his foreign trip," she said.

When he was directed to inform about his foreign travel to the state Health Department, which has been monitoring people coming from abroad for the virus, he refused and said he was going back to Qatar, she told reporters.

Concerned over the health of the person who had high fever, Ms Syamalan informed health and police authorities.

"Officials who let the patient go abroad do not have any problem, but I have become jobless," she posted on social media.

She alleged she was sacked by the management of the clinic for reporting the matter to police and informing the public about the incident through social media and through television.

"The argument of the management is that no one would turn up for treatment in the clinic if they come to know that it was visited by patients with suspected symptoms of Coronavirus," she said.

There was no immediate reaction from the management of the private health clinic.

Official sources said the District Medical Officer (DMO) at Thrissur has complained to the collector against Shinu Syamalan accusing her of defaming health officials.

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