Saradha scam action: BJP says Mamata is pressing panic button

December 13, 2014

New Delhi, Dec 13: BJP today slammed West Bengal Chief Minister Mamata Banerjee for her "political vendetta" charge over action in Saradha scam, saying she is pressing the "panic button" and "rattled" by the possibility that her "own involvement" could come to light.mamata banerjee

"Dare does not matter. Sometimes I can say these are politically motivated attempts...If anything which is linking Mamata Banerjee with the scam, she would be investigated and interrogated by the CBI. It is for CBI to take that call and not for me to direct the CBI.

"And it will be determined on the fact of the case and investigating material, which is before the police. I am no one to direct CBI, nor is the BJP. CBI is an autonomous institution," BJP spokesperson Meenakshi Lekhi told reporters outside Parliament.

She said that if Banerjee has done anything wrong or committed any wrong in terms of conspiracy which has happened or if any link is found connecting her with Saradha scam "her dare will go away" a because the police then take its course.

Another party spokesperson G V L Narsimha Rao attacked Banerjee, saying she has "lost all her courage" and making this kind of "adventurous comments" without offering explanation for the kind of "criminal conspiracy that her party leaders were engaged in perpetrating" in the chit fund scam.

"She is possibly rattled by the revelations and possibly fears that her own involvement in the scam would come to light," he said.

BJP national secretary Sidharth Nath Singh took on the Trinamool Congress chief, saying that it is unfortunate that rather than giving a sober advice to her own leadership not to react, she herself is reacting like this. "This just goes to show her panic button," he said.

Singh also reminded that it was not the BJP government but the Supreme Court, which had ordered an inquiry into it in May 2014.

In an embarrassment to the ruling Trinamool Congress, West Bengal Transport Minister Madan Mitra was yesterday arrested by CBI in the multi-crore Saradha scam, prompting Mamata to slam BJP calling it a "political vendetta" and a "dirty conspiracy".

Banerjee also condemned the arrest as "illegal and unconstitutional" and said it is a "dangerous" step to destroy democratic institutions.

The sharp attack by the TMC supremo, who also dared Prime Minister Narendra Modi to arrest her, came even as the BJP demanded her resignation taking moral responsibility after the fresh CBI action in the scam.

Narsimhan, however, said that Banerjee is not offering any reason "why they should not be arrested, when they have actually cheated".

"They are partners with Saradha chit fund promoters in causing grievous loss to millions of people of West Bengal. I think the criminality involved in these cases is extremely serious.

"Rather than giving explanation for such involvement, rather than taking action against her own party members and people who actually colluded with the scamsters, she is only indulging in political rhetoric and political propaganda," he said.

The BJP spokesperson maintained that the Trinamool Congress and Banerjee must realise that having power in the state and being elected to the office does not give one a "license to indulge in corruption".

"You cannot really talk about political vendetta and get away. Please give all the necessary explanation. Giving all this kind of talk is not going to really lead Banerjee anywhere," he insisted.

BJP national secretary Singh said that it was under the direction of the Supreme Court that the CBI inquiry is going on and that the accusations of the chitfund scam did not come from the BJP but from leaders of Trinamool like Kunal Ghosh.

"One should ask Banerjee that you were the Chief Minister, when the scam happened under your nose, your own government was there. Why did you not stop it at the first place.

"Then you got the second chance when the scam came out in open. You did not want to investigate because your very close associates like...were involved into the scam. You did not even act against them," he said.

Holding that it is for Banerjee to "answer and introspect" why this happened, Singh said, "At the end of the day, truth has to come out. CBI must investigate so that the the hard-earned money of 17 lakh families is returned".

He also said that Banerjee should also keep in mind that she does not get to do what is the "reverse of Robin Hood".

"Robin Hood used to steal from the rich, give it to the poor. In this case, it is being stolen from the poor and given to the rich," he said.

Mitra was arrested yesterday in a case relating to Saradha Realty on charges of criminal conspiracy, cheating, misappropriation of funds as well as deriving undue financial benefits from the Saradha Group.

The CBI had earlier arrested two TMC Rajya Sabha MPs Srinjay Bose and Kunal Ghosh in connection with the Saradha scam.

"What has happened is illegal and unconstitutional. It is a dangerous step to destroy democratic institutions. My government condemns the arrest of Madan Mitra in the strictest of terms," Banerjee had said yesterday.

"It is a conspiracy, very dirty conspiracy, I ask the Prime Minister to put me in jail first," a furious Banerjee had said.

She had also said that the Trinamool Congress would hit the streets and threatened to take up the issue in Parliament.

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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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Agencies
July 30,2020

Mumbai, Jul 30: Counterfeiting incidents have increased 24 per cent in the country in 2019 over the previous year, creating an over Rs 1 lakh crore hole in the economy, according to a report.

The report also said counterfeiters are having a free run due to the pandemic-driven disruptions to organised supply chains and the resultant spike in consumer demand.

According to the report by ASPA, a self-regulated industry body of anti-counterfeiting and traceability solutions providers, counterfeiting has risen steadily in the last few years, and exploiting the pandemic as a cover for their activities.

Between February and April 2020, over 150 incidents of counterfeiting cases were reported, mostly about fake PPE kits, sanitisers and masks taking advantage of the high demand for these products, it noted.

"There was a 24 per cent increase in counterfeiting in 2019 over 2018, leading to the loss of more than Rs 1 lakh crore to the overall economy," said Nakul Pasricha, president of Authentication Solution Providers Association.

The association works with global authorities like the International Hologram Manufacturers Association, Counterfeit Intelligence Bureau of the Interpol, and domestic industry lobbies like Ficci, he said.

Counterfeiting is a universal issue and is 3.3 per cent of global trade, according to the OECD data, impacting social and economic development across the world.

The report lists the currency, FMCG, alcohol, pharma, documents, agriculture, infrastructure, automotive, tobacco, lifestyle and apparel, as the 10 sectors impacted most by counterfeiting.

Among these, currency, alcohol and FMCG continue to be the top three sectors with the highest counterfeiting in the last two years. The FMCG sector is most vulnerable, as counterfeit incidents rose 63 per cent between 2018 (79) and 2019 when the reported cases jumped to 129.

Within the states, the fakers have a free run in Uttar Pradesh, Bihar, Rajasthan, Madhya Pradesh, Bengal, Punjab, Jharkhand, Delhi, Gujarat, and Uttarakhand, calling for urgent actions to frame anti-counterfeiting policy measures.

According to the report, UP continues to be on top followed by Bihar, Rajasthan, and together these three states represent almost 45 per cent of all counterfeiting reported in the last two years.

What is more alarming is that counterfeiting is not limited to high-end luxury items today, as common everyday items as fake cumin seeds, mustard cooking oil, ghee, hair oils, soaps, baby care vaccines and medicines are aplenty in the markets.

"There is an urgent need for building and nurturing authentication ecosystems in the country with the active involvement and active participation of all stakeholders," said Pasricha.

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News Network
June 24,2020

New Delhi, Jun 24: In a stinging attack on the Gandhi family of the Congress, BJP president J P Nadda on Wednesday said a dynasty and its courtiers have "grand delusions" of the opposition being about itself and stated that a "rejected and ejected" family is not equal to the entire opposition.

In his tweets, Nadda said it was the time for unity and solidarity, and the "relaunch of the scion for the nth time can wait", an apparent dig at Rahul Gandhi, who has been aggressive in his attacks on Prime Minister Narendra Modi for his handling of the border row with China.

Nadda said India lost thousands of square kilometres of land due to the "misadventures of one dynasty" and claimed that the Siachen glacier, where the Indian Army has a strong presence, was almost gone. No wonder India has rejected them, he said.'

The BJP president posted a news report to back his assertions about Siachen.

"One 'royal' dynasty and their 'loyal' courtiers have grand delusions of the Opposition being about one dynasty. A dynast throws tantrums and his courtiers peddle that fake narrative. The latest one relates to the Opposition asking questions to the Government," Nadda said.

Though he did not directly name the Gandhi family or any of its members, the reference was clear.

He said it was the opposition's right to ask questions and added that the all-party meeting called by Prime Minister Narendra Modi saw healthy deliberations, with several opposition leaders giving their valuable inputs.

They also fully supported the Centre in determining the way ahead, Nadda said.

"One family was an exception. Any guesses who," he asked.

Targeting the Gandhis, the BJP president said, "One rejected and ejected dynasty is NOT equal to the entire Opposition. One dynasty's interests are not India's interests. Today, the nation is united and supportive of our armed forces. This is the time for unity and solidarity. Relaunch of 'the scion' for the nth time can wait."

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