RBI disempowered by Union government: DCC spokesperson Vinayraj
Mangaluru, November 7: Corporator and District Congress Committee spokesperson AC Vinay Raj alleged that apart from dismissing the CBI director illegally, Narendra Modi-led Central government has been trying to weaken the RBI by riding on it.
Speaking to reporters at the party office here on Wednesday, he said that the central government has been trying to control the RBI, the constitutional institution which is the central bank of the country and controls the monetary policy of the Indian currency. The economic policy of the central government was an utter failure due to which, the country was inching towards bankruptcy. It was opposed by the RBI present and former Governors. RBI was not in a position to accept the central government’s stand. So, the Modi government has targeted the RBI, he alleged.
The centre has been demanding Rs 3.6 lakh crore reserved fund in the RBI which shows the Modi government’s financial bankruptcy. The government has been asking the reserve fund under Column 7 to Non-Banking Financial Corporation to fund the loss-making companies. But it was the money of the country and it was the duty of the RBI to protect it. Unfortunately, the centre was not allowing the RBI to do its duty. The centre has appointed party persons like Gurumurthy and Sathish Marathe who are not economists and this has also given a big blow to the RBI’s superiority, he said.
In the UPA period, the country had recorded 8.1 per cent GDP and it was reduced to 5.73 in Modi government due to which, the rupee has been losing its value. Demonetisation, Cashless transaction, GST implementation, Waiver of over Rs 1.5 lakh crore loans of companies and other decisions have derailed the economic system of the country. Modi was responsible for the cheating and escape of businessmen like Nirav Modi, Lalit Modi, Mehul Choksi, Vijay Mallya and others. It was because of Modi, Anil Ambani has got the Rafale deal despite he has Rs 40,000 crore debt. As per the deal, the country would get just 36 fighter jets worth Rs 1,114 crore each instead of 126 worth Rs 526 crore each. This decision has caused Rs 41,000 crore loss to the Exchequer, he alleged.
11 banks have no money
Total 11 banks including Dakshina Kannada-based bank have no money for their transactions. Though the loan aspirants were in queue, they were not in a position to get the loan due to the administration of Modi, he alleged.
DCC vice president Sadashiva Ullal, Appi, general secretaries Khalid Ujire, Neeraj Paul, Secretaries Premanath Ballalbag, Vishwas Kumar Das, Office secretary Nazeer Bajal were present.
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8 children between ages of 1 and 14 dead after mass shooting in Louisiana, police say
Shreveport(US) (AP): A gunman in Louisiana killed eight children in shootings at two different homes early Sunday in the nation's deadliest mass shooting in more than two years, police in Shreveport said.
The victims ranged in age from one to about 14 years old, said Shreveport police spokesperson Chris Bordelon. A total of 10 were shot and some of the children were related to the suspect, Bordelon said.
The gunman later died after a chase with officers who fired at the suspect, Bordelon said. The suspect stole a car while leaving the scene of the shootings and was followed by police, according to Bordelon.
Police did not release the name of the suspect but did say he was an adult male. The shootings were the result of a “domestic disturbance,” Bordelon said.
Officials said they were still gathering details at the crime scenes south of downtown Shreveport — the two homes and a third location.
“This is an extensive scene unlike anything most of us have ever seen,” he said.
It was the deadliest mass shooting in the US since eight people were killed in a Chicago suburb in January 2024, according to a database maintained by The Associated Press and USA Today in partnership with Northeastern University.
At a news conference outside the residence where one of the shootings occurred, officials appeared stunned, requesting patience and prayers from the community as they sorted through multiple crime scenes.
“I just don't know what to say, my heart is just taken aback,” Shreveport Police Chief Wayne Smith said. “I cannot begin to imagine how such an event could occur.”
“This is a tragic situation — maybe the worst tragic situation we've ever had,” said Tom Arceneaux, mayor of the city in northwestern Louisiana with about 180,000 residents. “It's a terrible morning.”
Louisiana State Police say their detectives have been asked by Shreveport police to investigate. In a statement, state police say no officers were harmed in the shooting that involved an officer after a police pursuit into Bossier City on Sunday morning.
State police are asking anyone with pictures, video or information to share it with state police detectives.
Louisiana Gov Jeff Landry said in a statement that he and his wife were heartbroken. “We're deeply grateful to the law enforcement officers and first responders working tirelessly on the scene,” he added.
