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Congress gears up to corner BJP over PNB, Rotomac scam in the Budget Session

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Congress leader Manish Tewari said the party will not only raise the 11,400 crore PNB scam and Rotomac fraud, but also the issue of credibility of our banking sector.

The Punjab National Bank scam and the subsequent similar banking frauds are set to raise the pitch in the parliament’s budget session. After the multi-crores PNB Scam by diamantaire, Nirav Modi came to the fore, more such cases of businessmen defaulting the loan repayment have come to the light. After Nirav Modi and Mehul Chowksi, another banking scam by Rotomac pen’s Vikram Kothari created uproar in the country.

While the Modi government is blaming previous UPA government for this, the Congress, on the other hand, has pulled its socks to corner the government over banking scams in the budget session of the parliament. Congress said that it will also speak to other like-minded parties to build a front against the government.

“We will not let the issue go until we get a satisfactory answer from the government,” said the Congress Spokesperson Manish Tewari. Asserting that the party will focus on the issue of declining credibility of the banking sector, Tewari said, “We will not only question the government on the 11,400 crore PNB scam by Nirav Modi and Rotomac fraud, we will also raise the issue of credibility of our banking sector.”

Tewari said the Congress, which is the largest opposition party will seek the support of other opposition parties and parties that are hurt by the “Mal-governance” of the Modi government. “We will not keep quiet until the government addresses the issue and breaks its silence,” asserted Tewari.

He further added that the PNB scam is just a tip of the iceberg and demanded a government directive to all PSU banks asking for a declaration of all the non performing assets and the detailed list of loan defaulters. Tewari said the Congress will take up the issue further to masses and spread awareness about the banking fraud from the ground level.

Slamming Nirav Modi, he said that the letter written by him to PNB displays his “arrogance” and hints at Modi’s intentions of not returning the dues.

Accusing government of unleashing “political vendetta” over the notice served by IT department to the wife of Congress leader Abhishek Singhvi, Tewari asked whether the government has initiated any probe into who sanctioned the loans.

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Shakitikanta Das to be the new RBI governor

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Shaktikanta

New Delhi | Former Economic Affairs Secretary Shakikanta Das is likely to be the next Reserve Bank of India Governor after the resignation of Urjit Patel on December 10.

Shaktikanta Das, a retired 1980 batch Indian Administrative Service (IAS) officer of Tamil Nadu cadre was the member of the Fifteenth Finance Commission of India, and India’s Sherpa to G20. Das also worked as Union Economic Affairs Secretary, Union Revenue Secretary, Union Fertilizers Secretary, special secretary in the Department of Economic Affairs of the Ministry of Finance and as a joint secretary in the Department of Expenditure of the Ministry of Finance in the Indian government.

Earlier Urjit Patel on December 10 resigned from the post of Reserve Bank of India (RBI) governor. Patel’s three year team was to end in September 2019. Patel is also the first RBI governor to resign since 1990.

Submitting his resignation, Urjit Patel cited personal reasons and stepped down with immediate effect. He said, “On account of personal reasons, I have decided to step down from my current position effective immediately. It has been my privilege and honour to serve in the Reserve Bank of India in various capacities over the years,” Urjit Patel said in a statement. “The support and hard work of RBI staff, officers and management has been the proximate driver of the Bank’s considerable accomplishments in recent years. I take this opportunity to express gratitude to my colleagues and Directors of the RBI Central Board, and wish them all the best for the future,” he added.

 

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Four policemen killed by terrorists in J-K’s Shopian; weapons snatched

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Jaish-e-Mohammed

Srinagar | Four policemen were killed on Tuesday when Pakistan-based Jaish-e-Mohammed terrorists attacked a guard post outside a minority pocket in south Kashmir’s Shopian district, officials said.

The attack took place this afternoon when four policemen were sitting in a pre-fabricated room outside the pocket that houses six Kashmiri Pandit families.

A senior police official said that six Jaish-e-Mohammed terrorists were led by former Special Police Officer Adil Bashir, who deserted in October and decamped eight weapons from a PDP legislator.

Quoting eyewitnesses, the police officer said that militants fired indiscriminately, killing three policemen on the spot and critically injuring one.

The injured policeman was rushed to an Army hospital, where he also succumbed to injuries, the official said.

The deceased have been identified as Anees Ahmad, Hamidullah, Mehraj ud Din and Abdul Majeed.

At the time of the incident, only one family was present at the minority pocket.

Immediately after the shootout, the terrorists fled with three Self Loading Rifles (SLRs) of the policemen, the official said, adding a cordon and search operation has been launched to nab the criminals.

The official said that an intercept had been received in which it was clear that Jaish-e-Mohammed, a banned terrorist organisation, was behind the barbaric act.

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PM Modi may visit Tripura in Feb to inaugurate projects: Officials

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Narendra Modi

Agartala | Prime Minister Narendra Modi is scheduled to visit Tripura in February to inaugurate several development projects, including an upgraded cancer centre, a government official said. The regional centre, which offers treatment to more than 2,000 cancer patients annually, is set to have a new building and modern equipment, he said.

According to government reports, 3,786 patients succumbed to cancer between 2013 and 2016 in the state.

Sanjoy Mishra, the media adviser to chief minister Biplab Kumar Deb, said a high-level meeting was convened Monday to review progress in the cancer hospital project. “The Prime Minister is scheduled to visit Tripura in February to inaugurate several developmental projects. The newly built building at the cancer centre is one of them. Chief Minister Biplab Kumar Deb on Monday reviewed the progress of the construction work at the centre,” Mishra said.

Chief Secretary LK Gupta, Public Works Department (PWD) secretary Manoj Kumar, and Health and Family Welfare secretary Samarjit Bhowmik were among those who attended Monday’s meeting, he said. “The CM would be visiting New Delhi tomorrow (Wednesday) and meet the prime minister to discuss various issues, including the inauguration of the cancer hospital building,” Mishra told reporters.

According to the Global Adult Tobacco Survey (2016-17), 40 percent of all cancer patients in the northeast suffer from head and neck malignancy, mainly caused by tobacco consumption.

Tripura tops in tobacco use in the region with 64.5 percent patients in the state admitting to nicotine consumption, the report added.

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