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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ED in SC opposes interim bail to Delhi CM Arvind Kejriwal, says electioneering not fundamental right
New Delhi (PTI): The Enforcement Directorate (ED) on Thursday opposed in the Supreme Court the grant of interim bail to Delhi Chief Minister Arvind Kejriwal in a money-laundering case linked to the alleged excise policy scam, saying the right to campaign in elections is neither fundamental nor constitutional.
In a fresh affidavit filed in the top court, the ED said no political leader has ever been granted interim bail for campaigning even if he is not contesting polls.
"It is relevant to note that the right to campaign for an election is neither a fundamental right nor a constitutional right and not even a legal right," the agency said. It added that to its knowledge, "no political leader has been granted interim bail for campaigning even though he is not the contesting candidate. Even a contesting candidate is not granted interim bail if he is in custody for his own campaigning".
On Wednesday, Justice Sanjiv Khanna, who headed the bench that heard Kejriwal's petition against his arrest in the case, said, "We will pronounce the interim order (on bail) on Friday. The main matter related to the challenge to arrest will also be taken up on the same day."
The Aam Aadmi Party (AAP) leader was arrested on March 21 and is currently lodged in Tihar Jail under judicial custody.
On May 7, the bench, also comprising Justice Dipankar Datta, had reserved its verdict on Kejriwal's interim bail plea.
On Tuesday, a Delhi court extended Kejriwal's judicial custody in the case till May 20.
The Delhi High Court had, on April 9, upheld the AAP leader's arrest, saying there was no illegality and the ED was left with "little option" after he skipped repeated summonses and refused to join the investigation.
The matter relates to alleged corruption and money laundering in the formulation and execution of the Delhi government's now-scrapped excise policy for 2021-22.
