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India reeling under financial anarchy: Shiv Sena

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Uddhav Thackeray

In a fresh attack on the central government, the Shiv Sena today said the nation is reeling under “financial anarchy”. The BJP’s carping ally said many banking frauds have come to light during the four-year-old tenure of Prime Minister Narendra Modi and sought to know what action has been taken by his government against those who “looted” banks.

“The economy of the country has been destroyed under the Modi government. Modi wanted to show that he, and not (his predecessor) Manmohan Singh, was the real economist by bringing the rupee at par with the US dollar,” the Sena said in an editorial in its party mouthpiece ‘Saamana’.

“However, the Indian currency has plummeted to its lowest levels,” it said.

The Uddhav Thackeray-led party said banks and financial institutions are engaging in undisciplined behaviour and those who “looted” banks ran away from the country under Modi’s nose. “What happened to the promises of not tolerating corruption and sending those engaging in it to jail?” the Sena publication sought to know.

Citing the recent criminal case registered against Pune-based developer D S Kulkarni for allegedly cheating a public sector lender, the Sena said many banking frauds have come to fore during the Modi regime.

Allegations of wrongdoing have also been levelled against ICICI Bank CEO Chanda Kochhar and businessmen Nirav Modi, Mehul Choksi and Vijay Mallya, said the Sena publication. “Big industrialists have drowned loans worth nearly Rs 1.25 lakh crore. This includes big names and nationalised banks. How many chairmen of banks have gone to jail for giving loans illegally? What strong step has Finance Minister Piyush Goyal taken against those who looted banks?” it asked.

The Sena said demonetisation caused panic in the country and adversely affected its economy. “The country is reeling under financial anarchy (due to note-ban) and it is only increasing,” the party claimed.

“The demonetisation caused a lot of harm to the unorganised sector and unemployment increased. Also, claims that demonetisation would end terrorism in Kashmir proved to be hollow,” the party said.

The Sena demanded registration of a case against the RBI governor over the demonetisation exercise, which led to the scrapping of high-value notes.

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Kumaraswamy government in deep slumber, alleges Yeddyurappa

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Yeddyurappa

Belagavi |Alleging that the Congress-JDS coalition government in Karnataka was in a deep slumber like the epic character ‘Kumbhakarna,’ state BJP president B S Yeddyurappa on Tuesday said it had no moral right to remain in power.

The Congress was now regretting its decision to support the JD(S) to form a government, Yeddyurappa claimed in the assembly, as he asked the ruling coalition to work towards addressing issues of the people or “resign and go”.

Seeking to corner the government on a host of issues, he said the coalition worries in the ruling alliance were “hampering” the administration and developmental works.

Initiating the debate on drought situation in the state, Yeddyurappa said, the government has announced hundred taluks as drought-hit and the situation was such that 20 more taluks are likely to be added to the list.

Demanding answers from the government on drought mitigation measures, he said, according to information gathered by him, except for one or two places, ministers had not visited affected areas and funds were not being utilised efficiently for relief works.

Pointing out at the delay in setting up of fodder banks, he said, “no minister or Chief Minister had taken the situation seriously.

Noting that the state had overall deficit rainfall of about 49 per cent, Yeddyurappa sought to know the steps taken to address the situation with summer approaching fast.

“The government is in a deep slumber like Kumbhakarna.

It has closed it eyes. It is not coming to the rescue of farmers and people at the time when they need it the most,” he added.

Coming down heavily on the JD(S), Yeddyurappa while pointing at the promises made by the party ahead of assembly polls, including waiving of farm loan within 24 hours after coming to power, said its manifesto was a “bundle of lies”.

“I want to tell this Chief Minister that he had made a false promise to the 6.5 crore people of the state through his manifesto of lies….,” he said.

Stating that he would have wanted the government to complete its five-year term if it had fulfilled the promises made and worked for the betterment of the people, the BJP leader said, “after having seen its administration and its functioning, I feel this government has no moral right to stay in power.”

Yeddyurappa, the leader of Opposition also questioned Congress’ silence on the functioning of the government, headed by its coalition partner the JD(S).

“Have you (Congress) read JD(S)’ manifesto…. Chief Minister still speaks only about big things, but nothing was happening on the ground,” he said.

He alleged that during the previous Siddaramaiah government rule, 4,712 farmers had committed suicide and 489 under the current dispensation.

There was growing disgruntlement within the Congress and “it may explode any time”, he claimed.

“People are waiting when this government will go…

you (ruling coalition) work for the people and address their issues or resign and go,” he added.

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President accepts Upendra Kushwaha’s resignation

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Upendra Kushwaha

New Delhi | President Ram Nath Kovind Tuesday accepted RLSP president Upendra Kushwaha’s resignation from the Union council of ministers. In a press communique, the Rashtrapati Bhavan said the President, as advised by Prime Minister Narendra Modi, has accepted the resignation of Kushwaha from the Union Council of Ministers with immediate effect.

Kushwaha on Monday had severed his ties with the BJP and tendered his resignation accusing the Prime Minister of reducing the cabinet to a “rubber stamp”, “betraying” backward classes and giving Bihar only “jumlas”.

Making the announcement a day ahead of Parliament’s Winter Session, the Rashtriya Lok Samta Party (RLSP) leader Kushwaha from Bihar said he is open to joining the opposition alliance, which includes Lalu Prasad’s RJD and the Congress.

He also claimed the BJP-led National Democratic Alliance would not be able to win a single seat in the state.

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Winter Session: PM Modi urges political parties to take up issues of public interest

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forces

New Delhi | Prime Minister Narendra Modi on Tuesday urged all parties to utilize the Winter Session of Parliament for public interest rather than political interests. Speaking outside Parliament before the start of the session, the prime minister asked leaders of various political parties to participate in debates, discuss issues of public interest and work towards resolving them.

Modi hoped that the session would be constructive and members would participate in debates on key issues concerning the public, even if sharper. He hoped the winter session would function more than its stipulated time.

“I am confident that political parties will keep public interest in mind and make use of this session to utilize it for furthering public interests and not parties interests,” he told reporters.

Modi said this Winter Session of Parliament is important and everyone should participate in the discussion.

“There should be a debate, discussion, and dialogue,” he said.

The Winter Session of Parliament starts Tuesday and will end on January 8.

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