Sun, Apr 30, 2017 | updated 06:28 PM IST

Congress alleges real agenda of demonetisation is to bail out non performing assets

Updated: Nov 15, 2016 16:47 IST      
Congress alleges real agenda of demonetisation is to bail out non performing assets

New Delhi, Nov. 15 (ANI): The Congress Party today made a sharp attack on the Narendra Modi government alleging that the real agenda behind demonetisation was to mop up resources in order to bail out the non performing assets of banks which were owed by several industrialists.

Kapil Sibal of the Congress Party made this strong allegation when he said, "Out of the roughly 16,000 crore rupees in the market, the government hopes to see 10,000 crores placed in the banks. The balance 6,000 would be generated by the RBI and placed at the disposal of the government and the real objective of that fund was to pay off the non performing assets of banks."

Sibal added that the money of the common person was going to be used by the government to bail out rich industrialists.

Taking a strong exception to the unwarranted criticism of the government, Union Information and Broadcasting Minister M. Venkaiah Naidu earlier accused the opposition parties of belittling the Centre's move intended to benefit the poor.

"Some opposition parties are resorting to this malicious campaign to belittle the move taken by the government which will benefit the poor," said Naidu.

"There had to be an element of surprise or the unscrupulous elements would have taken advantage. There was no question of sharing it," he added.

Naidu also rubbished reports of the Centre pre-informing some people about the demonetisation move.

"To say that the government had informed some people in advance is an absurd allegation. Demonetisation step was taken to check the misuse of this high value notes by sponsors of terror and black money holders," he said.

Prime Minister Narendra Modi has told NDA allies that there was no need to be defensive on the government's decision as there is widespread support for it and people are ready to face hardships for larger gains.

He urged NDA allies to go to the public and explain the long-term benefits of demonetisation in curbing corruption and black money.

The Prime Minister also asked them not to buckle under the opposition's pressure.

Meanwhile, the government has convened an all-party meeting today to seek cooperation from leaders of the both the Houses for smooth functioning of Parliament. (ANI)

Finally, an end to 'Laal Batti' culture from tomorrow

Updated: Apr 30, 2017 18:25 IST     

New Delhi [India], April 30 (ANI): The Union Cabinet earlier this month issued a notification to end the culture of flashing red beacons, more popularly known as 'Lal Batti' with effect from May 1.

Full Story >>

New Delhi [India], April 30 (ANI): Jawaharlal Nehru University (JNU) Assistant Professor Dr. Buddha Singh, whose car was vandalised for organising a condolence meet for the CRPF personnel who were killed in the Sukma attack, on Sunday said the meeting was organised in order to remove anti-India tag, imposed post the Kanhaiya Kumar incident.

Full Story >>

JNU in hands of anarchists: Univ. professor

Updated: Apr 30, 2017 18:19 IST     

New Delhi [India], Apr 30 (ANI): Condemning the incident, wherein the car of a professor was vandalised in Jawaharlal Nehru University (JNU), another professor of the university Prof. Ashwin said the team of the institution was in the hands of few anarchists.

Full Story >>

Gorakhpur (Uttar Pradesh),[India] April 30 (ANI): Uttar Pradesh Chief Minister Yogi Adityanath on Sunday urged the people of the state to step forward for 'Gau Raksha' (protection of cows), citing it was not possible by mere sloganeering.

Full Story >>

Chandigarh (Haryana), April 30 (ANI): B.S. Sandhu, the Director General of Police (DGP) of Haryana on Sunday said that 'Operation Durga' was started in the state for safety and security of women at schools, universities, bus stands and railway stations in the state.

Full Story >>

BJP general secy Ram Madhav meets J-K CM Mehbooba

Updated: Apr 30, 2017 16:32 IST     

Srinagar (Jammu and Kashmir) [India], April 30 (ANI): Bharatiya Janata Party (BJP) national general secretary Ram Madhav today met Jammu and Kashmir Chief Minister Mehbooba Mufti in Srinagar.

Full Story >>

New Delhi/Panaji [India], April 30 (ANI): Downplaying the recent rejig in the Goa Congress, the grand old party on Sunday said that it was mere a routine internal organisational change which happens from time to time.

Full Story >>

New Delhi [India], Apr. 30 (ANI): Ending the nine year long wait, regulation of real estate sector involving over 76,000 companies across the county becomes a reality from May 1st with the Real Estate (Regulation & Development) Act, 2016 coming into force.

Full Story >>

Jashn-e-Baramulla attracts Valley's female footballers

Updated: Apr 30, 2017 15:07 IST     

Baramulla (Jammu and Kashmir) [India], Apr 30 (ANI): A two day youth festival, 'Jashn-e-Baramulla', was concluded on April 26 with full zeal and enthusiasm wherein the youth of Kashmir valley displayed their talent at the event in Baramulla.

Full Story >>

Jammu: Amit Shah inaugurates Nanaji Deshmukh Library

Updated: Apr 30, 2017 15:04 IST     

Srinagar (Jammu and Kashmir), April 30 (ANI): Bharatiya Janata Party (BJP) National President Amit Shah inaugurated Nanaji Deshmukh librarya library and e-library in Jammu and Kashmir on Sunday.

Full Story >>

New Delhi [India], April 30 (ANI): With former Jammu and Kashmir chief minister Farooq Abdullah raking a row with through his 'Kupwara attack was aimed to spread hatred against Muslims' remark, the Centre has reiterated that senior politicians should refrain from making statement that lower the morale of the security forces.

Full Story >>

Delhi: Crime Branch busts major gang supplying illegal arms

Updated: Apr 30, 2017 14:27 IST     

New Delhi [India], Apr 30 (ANI): The Delhi Crime Branch on Sunday busted an interstate gang involved in supplying illegal arms and ammunition of different caliber from Bihar and Madhya Pradesh in Delhi and NCR.

Full Story >>

New Delhi [India], April 30 (ANI): In a fresh blow to ousted AIADMK leader T.T.V. Dinakaran, who is under scanner in an alleged bribery case, the Delhi Crime Branch has recovered his five bank accounts from Chennai through which transactions of huge amount have been carried out.

Full Story >>

New Delhi [India], Apr 30 (ANI): The Rashtriya Swayamsevak Sangh (RSS) on Sunday alleged that a section of teachers and students in Jawaharlal Nehru University (JNU) are actively sympathising with 'extremist elements'.

Full Story >>

New Delhi [India], April 30 (ANI): DMK working president M.K. Stalin today accused the Central government of harboring 'bias' towards the other faction of the All India Anna Dravida Munnetra Kazhagam (AIADMK) led by former Chief Minister O. Panneerselvam.

Full Story >>

CAB dedicates Eden Garden stands to slain Army heroes

Updated: Apr 30, 2017 13:52 IST     

Kolkata (West Bengal) [India], Apr 30 (ANI): While news of Indian soldiers losing their lives in the line of duty has occupied the attention recently, the Cricket Association of Bengal (CAB) has taken the noble initiative of honouring the men in uniform, as four stands of the Eden Gardens will be named after four Indian Army heroes, who gave their all for the security of the nation.

Full Story >>

Yechury says no third term for him in Parliament

Updated: Apr 30, 2017 13:48 IST     

New Delhi [India], April 30 (ANI): Communist Party of India (Marxist) general secretary Sitaram Yechury on Sunday confirmed that he would not seek third term in the Rajya Sabha, saying that he is following his party's norms.

Full Story >>

Gorakhpur (UP) [India], Apr 30 (ANI): Nautanwa Independent MLA Aman Mani Tripathi, accused of murdering his wife, met Chief Minister Yogi Adityanath here today triggering speculations that he could join the Bharatiya Janata Party (BJP) in the near future.

Full Story >>

New Delhi [India], April 30 (ANI): Union Information and Broadcasting Minister Venkaiah Naidu on Sunday joined the nation in raving about 'Baahubali 2: The Conclusion' and was in awe of filmmaker S. S. Rajamouli who directed the mythological drama.

Full Story >>

Triple Talaq has no sanction in Shariat: Venkaiah Naidu

Updated: Apr 30, 2017 12:39 IST     

Hyderabad [Telangana], April 30 (ANI): Following Prime Minister Narendra Modi's appeal to not politicize the burning issue of Triple Talaq, Union Information and Broadcasting Minister M. Venkaiah Naidu on Sunday echoed similar sentiments and asserted that the controversial practice has no sanction in Shariat.

Full Story >>