Tejpal not my nephew, says Sibal

November 27, 2013

New Delhi, Nov 27: Stung by BJP's attack in the Tehelka case, Law Minister Kapil Sibal today hit back at the principal Opposition and the RSS, accusing them of vilifying his name and said magazine's editor Tarun Tejpal was not related to him and he does not hold shares in the entity.

Hours after Leader of the Opposition in the Lok Sabha Sushma Swaraj tweeted that a "Union Cabinet Minister who is the founder and patron of Tehelka is shielding Tarun Tejpal," Sibal said leaders who are "tangentially talking about me should name me if they have the courage."

Swaraj had not named anyone in the tweet.Tehelka_founder

The Congress leader also referred to a message in circulation in the social media which said that Tejpal is the son of Sibal's real sister and that the Union minister held 80 per cent shares in Tehelka.

"There is a message going around in the social media which says that Tarun Tejpal is the son of a Punjab Congress Committee member and an MLA. I don't know...

"Then it says his mother is the real sister of Kapil Sibal. Now, I am sorry, I did not expect the RSS and the BJP to stoop to this level. They can attack me politically, but they should not bring my family into it," he told reporters here.

Sibal said he has only one sister, Asha Nanda, who lives in Maharani Bagh here. "I have no other sister," he said.

"...because I have been attacking (Narendra) Modi and attacking the BJP, obviously for them this is the only way to spread lie and to vilify my name. And if they have the courage they should name me. These political leaders who are tangentially talking about me should name me if they have the courage," he said.

Referring to claims that he held 80 per cent shares in Tehelka magazine till 2011, he said, "I don't even have a single share. No share has ever been alloted to me."

Sibal said he does not believe in "this kind of political discourse" ahead of Lok Sabha elections.

"What if I were to say, remember that image of the Leader of the Opposition with her head on shielding the Reddy brothers. But this is not the kind of political discourse we want in this country. We are going into a general election, let's talk about issues," he said.

Sibal said opposition parties should "not reduce the general election as if you have applied for a life-long patent for lies. Maybe the RSS has that life-long pattern, but at least the Leader of the Opposition should not apply for the licence of that patent."

Referring to the message in circulation in the social media which claims that under such circumstances, justice could not be given to the junior journalist who was allegedly sexually assaulted by Tejpal, he said it was unfair to drag him in the issue.

"Now, in such a sensitive matter, when courts are dealing with it, these people are trying to politicise the issue and bring my fair name into the picture merely because they know that I state facts about their leader," he said.

On Swaraj's tweet, Sibal said "there is someone in BJP who has said that I am shielding Tejpal. That person should have the courage to name me."

"I think that at least the leaders of opposition of political parties, those who claim to have been in the law should be a little more sensitive in a matter which involves a young girl and not politicise these matters," he said.

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News Network
May 24,2020

New Delhi, May 24: India witnessed the biggest ever spike of 6,767 positive cases in the last 24 hours, taking the total number of COVID-19 cases to 1,31,868, according to the Union Ministry of Health and Family Welfare.

As many as 147 deaths have been reported in the last 24 hours, taking the death toll to 3,867.
Out of the total number of cases, 73,560 are active and 54,440 have been cured/discharged and one migrated.

Maharashtra continues to remain the worst-affected state with 47,190 COVID-19 cases. It is followed by Tamil Nadu (15,512), Gujarat (13,664), and Delhi (12,910).

The nationwide lockdown imposed as a precautionary measure to contain the spread of COVID-19 has been extended till May 31.

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News Network
January 21,2020

Jan 21: Indian policymakers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home.

Investors are speculating about potential steps Finance Minister Nirmala Sitharaman could unveil when she presents the nation’s budget on Feb. 1. These measures may include freeing up firms to borrow at higher rates and offering tax breaks to global funds.

“The government will need to relax local rules to make it easier for Indian companies to raise debt overseas and tide over the funding crunch in the onshore market,” said Raj Kothari, London-based head of trading at Jay Capital Ltd. “At the same time, they need to ensure that the borrowers tapping offshore markets abide with stricter corporate governance so as to avoid further defaults.”

A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding. The government has tried a series of measures to spur domestic credit, including providing so-called credit enhancement and allowing tiny firms to restructure debt.

Here are some steps Sitharaman may consider to spur foreign borrowing:

• She could raise the cap of 450 basis points above Libor, which limits overall foreign debt costs for Indian companies

• This could help lower-rated firms sell bonds abroad. Indian companies rated BBB currently borrow at more than 10%, about 3.8 percentage points more than their top-rated peers;

• Sitharaman could waive the withholding tax foreign investors need to pay on holdings of rupee-denominated debt sold by Indian companies abroad

• The waiver was offered between September 2018 to March 2019, but wasn’t extended as the highest global interest rates since the financial crisis deterred Indian borrowers. Since then, the three-month Libor has dropped by about 1 percentage point

• She could permit Indian property developers and housing finance lenders to sell overseas bonds for reasons beyond affordable housing projects

• New funding lines to the real estate sector, arguably ground zero of India’s economic slowdown, could help kickstart consumption and investment as the industry is the nation’s biggest job-creator.

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News Network
June 15,2020

New Delhi, Jun 15: Two officials working with the Indian High Commission in Islamabad have reportedly gone missing, sources said.

The two officials are untraceable for the last few hours.

Recently news agency reported on how Pakistan 's spy agency ISI has been tailing and harassing Indian officials and also increased their presence at the residence of Acting High Commissioner Gaurav Ahluwalia.

This incident came in the backdrop when two Pakistani officials were caught red-handed and sent back trying to collect classified information and spying in Delhi.

South block is watching the developments closely, the Indian mission has also launched a complaint with local authorities and taken up the matter Pakistan Foreign Ministry.

This incident can cause a further dip in the already tense India-Pakistan relations.

Earlier in the month, India deported two Pakistani officials for espionage activities in India.

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