PM Modi should assure nation he won't allow 'buying MLAs off': Kapil Sibal

Agencies
May 19, 2018

New Delhi, May 19: Ahead of the crucial floor test in the Karnataka assembly, the Congress on Saturday asked Prime Minister Narendra Modi to assure the country that he would not encourage “buying MLAs off” as the BJP seeks to prove majority, and welcomed the assurance of live telecast of House proceedings.

The Congress said that every alleged attempt of the BJP to derail the vote of confidence stood “defeated” and asserted the "democracy will win".

Addressing reporters here, senior Congress leaders Kapil Sibal and Abhishek Manu Singhvi, who represented the Congress-JD(S) combine in the Supreme Court, said they did not press for the replacement of pro tem speaker K G Bopaiah after the assurance of live broadcast of the proceedings.

The Congress and the JD(S) had approached the apex court raising questions over the appointment of Bopaiah as the temporary speaker, contending he was not the senior most legislator.

It also maintained that Bopaiah had a "tainted past" as he as the then speaker had tried to save a previous government of Yeddyurappa, who faced corruption charges, in 2011.

Singhvi said whosoever wins or loses in the trust vote, it is the "democracy which will win".

Sibal also took a dig at Prime Minister Narendra Modi, saying "He (Modi) should also say 'na kharidunga, na kharidane dunga' (will neither buy off, nor let anyone be bought over)."

"The prime minister keeps saying 'na khaunga, na khane dunga' (will neither indulge in corruption nor allow it). He should also say 'na kharidunga, na kharidane dunga'," quipped Sibal.

There was no question of replacing the pro tem speaker when proceedings would be live telecast and transparency would be ensured, he added.

Asked about the BJP’s claim that the Supreme Court’s order was a blow for the Congress, Sibal countered it, suggesting that things were otherwise as the time period allowed for the BJP by Governor Vajubhai Vala was reduced from 15 days to 24 hours (which ends today).

Singhvi seconded Sibal, and added that the Supreme Court also said no to secret ballot and the pro tem speaker was disallowed to take any other agenda, suggesting the decision favoured the Congress-JD(S) combine.

"The achievement of our petition before the court is holding the trust vote in one-and-a-half days as against 15 days allowed earlier," he added.

Asked why did the Congress move the petition if it had to withdraw its pleas, Singhvi said the offer to hold live telecast was given only after our petition. He described the move of live telecast as “a virtue out of necessity".

Singhvi said, "We wanted safeguards to be in place on our apprehension. In a way most of our demands have been met."

Another senior leader of the party, P Chidambaram, saluted the apex court and added the live broadcast of the House proceedings would mean every citizen watching television “will be a pro tem speaker”.

“In Karnataka, what is at stake is not only who will form the Government, but who will be loyal to the electorate and uphold the verdict of his/her voters.

“Every trick of the BJP to delay or derail the vote of confidence has been defeated. Now, I am sure the Congress and JDS MLAs will defeat Mr Yeddyurappa,” he tweeted.

The Supreme Court today ordered live telecast of the floor test, which is scheduled for 4 pm.

"Live broadcast of floor test will be the best possible way to ensure transparency in the proceedings," a bench comprising justices A K Sikri, S A Bobde and Ashok Bhushan said.

The bench also made it clear that no other item in the agenda shall be taken up during the trust vote.

The bench said the secretary of the Legislative Assembly will record the proceedings of the House.

It said that several local channels will be provided the live feed of the proceedings so that they can also be in a position to telecast simultaneously.

The Supreme Court yesterday ordered a floor test in the Karnataka Assembly at 4 PM today, drastically slashing the 15-day window given by the Governor to BJP Chief Minister B S Yeddyurappa to prove majority.

The BJP has emerged as the single largest party with 104 seats, followed by the Congress with 78, JD(S) with 37 and three seats have gone to others in the 224-member Assembly where elections were held for 222 seats.

The majority mark is 112 seats and the post-poll alliance strength of the Congress-JD(S) combine, which claims to have 117 MLAs, has alleged foul play in the Governor inviting BJP to form the government.

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News Network
May 9,2020

New Delhi, May 9: Three promoters of Ram Dev International, recently booked by the CBI for allegedly cheating a consortium of six banks to the tune of Rs 411 crore, have already fled the country before the State Bank of India reached the agency with the complaint, officials said on Saturday.

The CBI had recently booked the company engaged in export of Basmati rice to the West Asian and European countries and its directors Naresh Kumar, Suresh Kumar and Sangita on the basis of complaint from the State Bank of India (SBI), which suffered the loss of more than Rs 173 crore, they said.

The company had three rice milling plants, besides eight sorting and grading units in Karnal district with offices in Saudi Arabia and Dubai for trading purposes, the SBI complaint said.

Besides SBI, other members of consortium are Canara Bank, Union Bank of India, IDBI, Central Bank of India and Corporation Bank, they said.

The Central Bureau of Investigation (CBI) did not carry out any searches in the matter because of the coronavirus-induced lockdown, the officials said.

The agency will start the process of summoning the accused, incase they do not join the investigation, appropriate legal action will be initiated, they said.

According to the complaint filed by SBI, the account had become non-performing asset (NPA) on January 27, 2016.

The banks conducted a joint inspection of properties in August and October, nearly 7-9 months later only to find Haryana Police security guards deployed there, they said.

"On inquiry, it has been come to notice that borrowers are absconding and have left the country," the complaint filed on February 25, 2020, after over a year of account becoming NPA, the officials said.

The complaint alleged that borrowers had removed entire machinery from old plant and fudged the balance sheets in order to unlawfully gain at the cost of banks'' funds, it said.

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News Network
February 14,2020

Feb 14: R K Pachauri, a former chief of The Energy and Resources Institute, passed away on Thursday after a prolonged cardiac ailment, TERI Director General Ajay Mathur said.

He was 79.

"It is with immense sadness that we announce the passing away of R K Pachauri, the founder Director of TERI. The entire TERI family stands with the family of Dr Pachauri in this hour of grief," Mathur said in a statement issued by the TERI.

"TERI is what it is because of Dr Pachauri's untiring perseverance. He played a pivotal role in growing this institution, and making it a premier global organisation in the sustainability space," said Mathur, who succeeded Pachauri at TERI in 2015. Pachauri was admitted to Escorts Heart Institute in the national capital where he underwent open heart surgery and was put on life support on Tuesday, sources said.

In the statement issued by TERI, its Chairman Nitin Desai hailed Pachauri's contribution to global sustainable development as "unparalleled".

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News Network
May 22,2020

New Delhi, May 22: Reserve Bank Governor Shaktikanta Das on Friday extended the moratorium on payment of loans by another three months till August to provide much-needed relief to borrowers whose income has been hit due to the coronavirus crisis.

In March, the central bank had allowed a three-month moratorium on payment of all term loans due between March 1, 2020, and May 31, 2020.

Accordingly, the repayment schedule and all subsequent due dates, as also the tenor for such loans, were shifted across the board by three months.

As a result of this moratorium, individuals’ EMI repayments of loans taken were not deducted from their bank accounts, providing much-needed liquidity.

The EMI payments will restart only once the moratorium time period expires on August 31.

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