National Politics

Opting out of Regional Comprehensive Economic Partnership was courageous decision: Piyush Goyal

Piyush Global

New Delhi: Commerce Minister Piyush Goyal has said opting out of Regional Comprehensive Economic Partnership (RCEP) was a courageous decision made in the interest of our industry and our nation.
The commerce minister was speaking at a function organised by a media house in New Delhi on Saturday evening. Piyush Goyal said, โ€œThe government gives top priority to the interests of India while entering into FTAs (free trade agreements) with countries. India doesnโ€™t enter into agreements just for the sake of doing it but only after extensive consultations with all the stakeholders and in-depth brainstorming covering all the issues.โ€ Goyal informed the gathering that India negotiates from a position of strength but wants a fair and balanced deal, according to a statement released by the ministry of commerce and industry on Friday night.
During the event, he also said that the World today recognises that India has arrived.

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The commerce minister also said that both in the political world and the business world, everyone now acknowledges Indiaโ€™s story.
Elaborating on it, he said Indiaโ€™s story shows a lot of positive mindset, shows aspirations of a billion plus people desiring a better life for themselves. The story was not limited to economic growth only, it also shows political stability, which has a huge thrust on the corruption-free society, he added.
He also said India is the one bright spot in the world, which will not only improve the lives of a billion plus people, but would also lend a helping hand to the world economy. The world is dependent on India for not only its own economic growth and Indiaโ€™s market, but also for Indiaโ€™s demographic dividend and huge talent pool. Goyal said he believes India is going to be a global superpower in the next 25 years.
Goyal said that the new India had a bright tomorrow, a very powerful tomorrow and a very prosperous tomorrow. He termed India as an energetic youthful nation, which wants better things in life, which is willing to experiment, innovate, and take risks.

(Except for the headline, this story has not been edited by HW News staff and is published from a syndicated feed.)

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Fodder scam: Lalu Prasad Get Five Years In Jail, โ‚น60 Lakh Fine

Aleesha Sam

Ranchi: Yadav has been found guilty of illegal withdrawals of โ‚น139.35 crore from the Doranda treasury by a special CBI court in Jharkhandโ€™s Ranchi.

A special CBI court on Monday sentenced RJD leader Lalu Prasad Yadav to five yearsโ€™ imprisonment and imposed โ‚น60 lakh fine on him in the fifth fodder scam case, reported news agency ANI.

Last Tuesday, the court held the former Bihar chief minister and others guilty in the fifth fodder scam case, pertaining to illegal withdrawal of โ‚น139.35 crore from the Doranda treasury in Jharkhand.

The ailing 73-year-old politician, who was shifted to the Rajendra Institute of Medical Sciences (RIMS), Ranchi, from Hotwar jail following the conviction on Tuesday, was earlier sentenced to 14 years in jail in four other cases related to Dumka, Deoghar and Chaibasa treasuries in Jharkhand.

He was out on bail in those cases till Tuesday when he was again sent to jail after being convicted in Doranda treasury case. The sixth case in which Lalu Prasad is an accused relates to withdrawals from Banka treasury in Bihar and it is still under trial.

The fodder scam case pertains to illegal withdrawals worth โ‚น950 crore from various government treasuries for fictitious expenditure on fodder and other requirements for cattle during Lalu Prasadโ€™s term as Bihar chief minister.

The CBI registered 53 separate cases in 1996 after the matter was first unearthed by then Chaibasa deputy commissioner Amit Khare.

One more case linked to the fodder scam is pending before the CBI court in Patna. The case is on the illegal withdrawal of money from the Bank-Bhagalpur treasury.

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