Talking about insecurity among minorities a ‘political propaganda’: Naidu

Agencies
August 10, 2017

New Delhi, Aug 10: Vice President-elect M Venkaiah Naidu today rejected as "political propaganda" the view that there is a sense of insecurity among minorities in the country, apparently a rejoinder to outgoing Vice President Hamid Ansari.

Though Naidu did not name anyone, his comments are seen as a response to Ansari's remarks in a TV interview that there was unease and a sense of insecurity among Muslims in the country, and that "ambience of acceptance" is now under threat.

"Some people are saying minorities are insecure. It is a political propaganda. Compared to the entire world, minorities are more safe and secure in India and they get their due," Naidu told PTI.

He also disagreed with the view that there is growing intolerance, saying Indian society is the most tolerant in the world because of its people and civilisation.

There is tolerance that is why democracy is so successful, he said.

The former BJP president also cautioned against creating divide in the nation by singling out one community, saying it will draw adverse reaction from other communities.

"If you single out one community, other communities will take it otherwise. That is why we say all are equal. Appeasement for none justice for all," the 68-year-leader and former Union minister said.

He said history has proved that there is no discrimination against minorities.

"They (minorities) got in prominent positions including constitutional responsibilities because there is no discrimination, and also on account of their merit," he said.

Noting that India's uniqueness is its unity in diversity, he said 'sarva dharm sadbhav' and secularism is in the mind and blood of India.

"India is secular not because of political leaders but because of its people and civilisation," he said.

Ansari's remarks come against the backdrop of incidents of alleged intolerance and violence by self-proclaimed cow protectors, for which opposition parties have attacked the central government.

Asked about incidents of alleged intolerance, Naidu said India is a huge country and there could be some "stray" occurrences, which are "nothing but aberrations".

He, however, added that "Nobody can justify attacks on fellow citizens on the basis of community". Such incidents should be condemned and action should be taken by appropriate authorities, he said.

Naidu also said that some people blow out of proportion such incidents for political considerations. Some go to the extent of "defaming" the county by raising such issues at international forum.

Some do it to create rift between communities and derive political mileage, he said, adding the basic problem arises due to vote bank politics and due to treating a community as vote bank.

A day before he takes oath as India's next vice president, he said his advice to politicians is not to drag communities into politics.

Comments

abdul
 - 
Thursday, 10 Aug 2017

rightly said Mr naidu , political propaganda of bjp , your party spread fear among minorities to grab votes . 

Blind, deaf VP…
 - 
Thursday, 10 Aug 2017

Naidu- Does he live in different planet.

Living in Delhi can not understand what is happening in the country.

Just look into the beef issue, how many people are  killed, including Dalits in Gujarat for the beef eating.

 

These BJP stupids did not spare even small children from Minorities.

 

This Naidu is BLIND, DEAF  & STUPID does not know how to comment.

 

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coastaldigest.com news network
August 7,2020

Mangaluru, Aug 7: Following the incessant rain for last few days and subsequent landslides reported at various places along Charmadi Ghat, the movement of vehicles been banned for two days. 

Charmadi Ghat road connects Dakshina Kannada and Chikkamagaluru districts on National Highway-73. The fresh landslides caused cracks on the road and uprooted many trees. 
Officials have closed Charmadi as well as Kottigehara check posts as a precautionary measure.

Belthangady tahsildar Mahesh J confirmed that multiple landslides have hit Charmadi Ghat road.

"The road has been closed for vehicular movement as the officials are at the spot to clear landslide debris. As a precautionary measure, vehicular movement has been banned as there are chances of further landslides," he said.

Hundreds of commuters who were stuck on various stretches of the ghat following a landslide between Maleyamaruta and Alekan falls in Chikkamagaluru district have been rescued.

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News Network
March 6,2020

New Delhi, Mar 6: Shares of YES Bank and State Bank of India came under huge selling pressure on Friday as developments unfolded regarding SBI picking stake in the private lender. Shares of the lender hit record low of Rs 5.55, plunging 85 per cent, and were trading below its previous low of Rs 8.16 hit on March 9, 2009.

SBI, on the other hand, slumped 11 per cent to Rs 257.35 on the BSE. The benchmark S&P BSE Sensex was trading with a cut of over 3 per cent at 37,251.37 level.

In the past three months, share price of the private lender has plunged 41 per cent, while the state-owned lender has slipped 14 per cent. In comparison, the S&P BSE Sensex has dipped 5.6 per cent till Thursday.

On Thursday, the Reserve Bank of India superseded the board of troubled private sector lender YES Bank and imposed a 30-day moratorium on it “in the absence of a credible revival plan” amid a “serious deterioration” in its financial health.

During the moratorium, which came into effect from 6 pm on Thursday, YES Bank will not be allowed to grant or renew any loans, and “incur any liability”, except for payment towards employees’ salaries, rent, taxes and legal expenses, among others.

This is the first time that a bank of this size will be put under a moratorium by the RBI.

“The financial position of YES Bank had undergone a steady decline “largely due to inability of the bank to raise capital to address potential loan losses and resultant downgrades, triggering invocation of bond covenants by investors, and withdrawal of deposits,” RBI said in a statement.

“After the moratorium, the next step will be to infuse to money and keep the bank afloat. So from shareholders’ point of view, the future is certainly hazy as the capital requirement is huge. The good part, however, is that the RBI has stepped in and depositors don't have to worry,” says Siddharth Purohit, a research analyst at SMC Securities.

Meanwhile, analysts at Nomura believe that placing the Bank under moratorium implies that equity value in the bank would be negligible, and that the chances of private capital participating in future capital raising plan are near zero.

"Any resolution for Yes Bank is more proposed from the perspective of deposit holders and systemic stability, and not from the perspective of Yes Bank equity investors or even perpetual bond holders," they wrote in a note dated March 6.

In another development, SBI’s Board Thursday gave in-principle approval to consider an “investment opportunity” in YES Bank, even as it said “no decision had yet been taken to pick up stake in the bank”.

According to a  report, highly-placed sources indicated a rescue plan involving SBI and Life Insurance Corporation of India (LIC) was being discussed and an announcement in this regard might be made soon.

“While the finer details of the deal are being worked out, it is anticipated that both SBI and LIC together will take a 51 per cent stake in the bank, with a one-year lock-in period,” the report said.

Most analysts believe it is a positive step for the Indian financial sector as the government has tried to avoid a repeat of IL&FS-like crisis.

“The move is a positive step for the financial sector as a whole. By this, the government has tried to avoid a repeat of IL&FS-like crisis and has saved the depositors,” said AK Prabhakar, Head of Research at IDBI Capital. While we know that YES Bank has a huge pile of bad loans, SBI is the only bank that has the capacity to absorb it, he added.

However, the valuation at which YES bank would be taken over remains a cause of concern.

Global brokerage firm JP Morgan Thursday cut its target price for YES Bank on Thursday to Rs 1 per share, taking into account the potential fall in the lender’s net worth due to stressed assets.

“We believe forced bailout investors will likely want the bank to be acquired at near-zero value to account for risks associated with the stress book and likely loss of deposits. We think the bank will need to be recapitalised at nominal equity value and could test dilution of additional tier 1 (AT1) capital. We remain underweight and cut our target price to Rs 1 as we believe net worth is largely impaired,” JP Morgan said in a note.

Global brokerage firm Nomura estimates a need of Rs 25,000-44,000 crore and adjusted for Rs 7,400 crore of current coverage, if the current stress of Rs 65,000-70,000 crore faces 70 per cent loss given default (LGD).

"It implies Rs 18,000-37,000 crore needed for provisioning against the current net worth of Rs 25,700 crore Also, to run as going concern, the bank would require over Rs 20,000 crore of CET-1 capital as well," the note said.

YES Bank has registered slippages of Rs 12,000 crore so far in FY20, while it has placed Rs 30,000 crore of loan assets under the watch list. Its deposits stood at Rs 2.09 trillion on September 30, 2019, while its advances totalled Rs 2.24 trillion. The bank has delayed publishing its December quarter results by a month to March 14.

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coastaldigest.com news network
May 15,2020

Managluru, May 15: Kannadigas in Saudi Arabia deserve more attention from the government amidst covid-19 crisis as they remit huge amount of money to their home state and ultimately get no benefit, opined U T Khader, Mangaluru MLA.

The former minister held a video conference with stranded Kannadigas in Saudi Arabia on May 15 and assured to do his best to convince the Centre to operate more repatriation flights from Saudi Arabia to Karnataka. 

He also said that he would urge the chief minister of Karnataka to announce a separate rehabilitation package for Indian expatriates who have lost their jobs in Gulf countries amidst covid-19 lockdown.

Mr Khader also interacted with two medical emergency patients and promised them to inform the Indian embassy in Riyadh to facilitate their homeward journey via Dammam-Bengaluru flight in the second phase of Vande Bharat Mission. 

Mr Khader expressed regret over the inept handling of passengers from Dubai at Mangaluru International Airport on May 12 and said that next batch of passengers would not face such problems on arrival.

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