Rupee fall due to black money leaving country: Subramanian Swamy
PANAJI: BJP Member of Parliament Subramanian Swamy Sunday claimed that the value of the rupee was falling in comparison to the United States dollar because black money was "leaving" India.
Swamy was delivering a lecture titled "Indian Cultural Heritage and Its Importance" in Margao Sunday morning.
Stating that the fall in the value of the rupee had nothing to do with the US, Swamy said, "It has got to do with the fact that a large amount of black money is now leaving the country."
"When there is an over-supply of the rupee to the dollar, value is bound to go down," Swamy explained.
The rupee is the worst performing emerging market currency having lost almost 14 per cent since January this year. Between April and September the rupee has plummeted more than 7 to the dollar and has breached the psychological 73 mark last week.
The BJP leader, himself an economist, further claimed that the US dollar would continue to rule the global economy as long as that country remained the most developed nation in the world.
"The day it (USA) ceases to be most developed (nation), some other currency will take its place. But at the moment, there is no challenge to the dollar," he commented. Speaking on the topic of the lecture, Swamy said that mythological king Ravana was born near Delhi and not In ancient Lanka as is widely believed.
"He was born in a village called Bisrakh near Delhi," Swamy claimed. The MP told the gathering that Ravana, armed with a boon from Lord Shiva for a penance at Mansarovar, proceeded to defeat Kuber to become "Lanka Naresh" there.
Courtesy: timesofindia
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Another North Goa nightclub sealed; Kejriwal says corruption led to fire tragedy
Panaji (PTI): As part of a crackdown against tourist establishments violating laws and safety norms in the aftermath of the Arpora fire tragedy, Goa authorities on Saturday sealed a renowned club at Vagator and revoked the fire department NOC of another club.
Cafe CO2 Goa, located on a cliff overlooking the Arabian Sea at Vagator beach in North Goa, was sealed. The move came two days after Goya Club, also in Vagator, was shut down for alleged violations of rules.
Elsewhere, campaigning for local body polls, AAP leader Arvind Kejriwal said the fire incident at Birch by Romeo Lane nightclub at Arpora, which claimed 25 lives on December 6, happened because the BJP government in the state was corrupt.
An inspection of Cafe CO2 Goa by a state government-appointed team revealed that the establishment, with a seating capacity of 250, did not possess a no-objection certificate (NOC) of the Fire and Emergency Services Department. The club, which sits atop Ozrant Cliff, also did not have structural stability, the team found.
The Fire and Emergency Services on Saturday also revoked the NOC issued to Diaz Pool Club and Bar at Anjuna as the fire extinguishers installed in the establishment were found to be inadequate, said divisional fire officer Shripad Gawas.
A notice was issued to Nitin Wadhwa, the partner of the club, he said in the order.
Campaigning at Chimbel village near Panaji in support of his party's Zilla Panchayat election candidate, Aam Aadmi Party leader Kejriwal said the nightclub fire at Arpora happened because of the "corruption of the Pramod Sawant-led state government."
"Why this fire incident happened? I read in the newspapers that the nightclub had no occupancy certificate, no building licence, no excise licence, no construction licence or trade licence. The entire club was illegal but still it was going on," he said.
"How could it go on? Couldn't Pramod Sawant or anyone else see it? I was told that hafta (bribe) was being paid," the former Delhi chief minister said.
A person can not work without bribing officials in the coastal state, Kejriwal said, alleging that officers, MLAs and even ministers are accepting bribes.
