Wednesday, 26 June 2019

PM Modi: Congress insulted voters by questioning BJP's huge win

New Delhi, June 26 Prime Minister Narendra Modi Wednesday blamed the Congress for offending voters of the nation by questioning the massive victory of the BJP in the Lok Sabha polls.

Answering to the debate on the Motion of Thaks to the President's address in the Rajya Sabha, Modi launched a scathing attack on the Congress, saying by questioning the mamdate of the people, the opposition party has put voters in the dock.

"After such a major command, you state you (BJP) have won, yet the nation has lost....If the Congress loses, does the nation get vanquished. Does the Congress mean the nation and nation implies the Congress. There is a point of confinement of haughtiness," Modi said.

The prime minister said that by using such language the Congress has hurt voters of the nation.

Passing by the Congress gathering's contentions, he pondered whether triumph of the Congress in Wayanad and Rae Bareli situates too were "destruction of the nation".

"Due to narrow-mindedness and perversity of thoughts, if some people don't accept mandate of the people by saying that 'you may have won the race however the nation has lost', there can be nothing more offending for our popular government than this," he said.

Taking note of that the Congress was not ready to win even a solitary Lok Sabha situate in 17 states, he said it was the ideal opportunity for the Congress to introspect and "acknowledge rout".

The PM also hit out the Congress for questioning EVMs, which have been praised globally.

Sensex rises 157 points;

Mumbai, Jun 26 The BSE Sensex finished 157 points higher Wednesday, driven by gains in metal, power and financial stocks in front of June subsidiaries expiry.

Extending its gains for the second session, the 30-share index settled 157.14 points, or 0.40 percent, higher at 39,592.08. The file hit an intra-day high of 39,674.22 and a low of 39,319.64.

The broader NSE Nifty also climbed 51.10 points, or 0.43 percent, to complete at 11,847.55. During the day, the file contacted a high of 11,871.85 and a low of 11,757.55.

Vedanta was the greatest gainer in the Sensex pack, rising 4.40 percent. PowerGrid, Sun Pharma, Yes Bank, Tata Steel, HDFC Bank, Bajaj Finance, ICICI Bank and Bajaj Auto also wound up to 4.12 percent higher.

Then again, Infosys, IndusInd Bank, Tech Mahindra, Bharti Airtel, Maruti, TCS and HDFC were among the top washouts, shedding up to 1.12 percent.

Purchasing interest was found in metal, control, human services, capital merchandise and money related counters in front of the expiry of June prospects and alternatives (F&O) contracts planned for Thursday, merchants said.

Domestic investors are also hoping for positive news on the trade front in the backdrop of US Secretary of State Mike Pompeo holding talks with Prime Minister Narendra Modi in New Delhi, dealers included.

According to experts, equities witnessed gains after positive momentum was triggered in the residential stock market reports of quick storm advance in the nation.

On the currency front, the Indian rupee was appreciated 22 paise to 69.13 against the US dollar intra-day.

Brent crude futures, the global oil benchmark, rose 1.17 percent to USD 65.03 per barrel.

Globally, while bourses in Shanghai, Hong Kong, Tokyo and Seoul finished on a blended note, value advertises in Europe were exchanging the green in early deals.

Congress: Government supressing media

New Delhi, Jun 26 Leader of the Congress in the Lok Sabha Adhir Ranjan Chowdhury on Wednesday blamed the government of using "suppressive" tactics against the media.

He alleged during the Zero Hour that the administration was "undemocratic" and experienced "conceit", guaranteeing that it used its advertisement measures to pressure the media.

His comments drew protests from treasury seats.

Speaker Om Birla asked the next member to raise his issue during the Zero Hour, provoking Congress members to challenge as Chowdhury needed to talk further.

Among different issues, Manish Tewari of the Congress asked the government to make its stand clear the US choice to pull back its waiver to India to import unrefined petroleum from Iran, saying it might have a sweeping effect on India and lead to rise in costs of oil items.

Will the government keep on bringing in oil from Iran or not, he inquired.

Gurjeet Singh Aujla of the Congress requested that the administration get rid of the precarious ascent in obligations on Pakistani items, saying it has prompted joblessness in the border area in his voting demographic in Amritsar as more than 5000 families relied upon exchange with Pakistan for work.

The obligation was climbed after the Pulwama dread assault.

BJP's Nihal Chand focused on the Congress government in Rajasthan over suicide of a rancher in the state. In a video message, the rancher accused the state government for his choice.

BJP's Rajiv Pratap Rudy communicated worry over India's terrible showing in Olympics and proposed that a parliamentary committee be formed as many members have also been keen sportspersons.

He also noted that the next global games are due next year.

BJP's Tapir Gao talked around a few political murders in Arunachal Pradesh. He said one of the cases was given over to the NIA but no capture has been made yet.

The government should ensure action, he said.

Monday, 24 June 2019

Gold costs fall by Rs 100 on easing demand

New Delhi, Jun 24 Gold prices declined by Rs 100 to Rs 34,270 per 10 gram in the bullion market here on Monday due to easing demand from jewellers despite a positive overseas trend, according to the All India Sarafa Association.

Silver, however advanced by Rs 90 to Rs 39,090 for every kg on expanded offtake by mechanical units and coin makers.

As indicated by dealers, decrease sought after from local jewellers at the domestic spot market prompted the plunge in gold costs, however a firm global trend capped the fall.

Globally, spot gold was trading higher at USD 1,404.92 an ounce, while silver was up at USD 15.36 an ounce in New York.

"Spot gold costs are hovering near six-year highs on developing pressures in the Middle East and hesitant remarks from the significant national banks that boosted the yellow metal's of refuge offer," said Hareesh V, Head-Commodity Research, Geojit Financial Services.

"A weak dollar, which dove to a three-month low on desires for an inescapable loan cost cut by the US Federal Reserve, additionally helped the feelings," he said.

In the national capital, gold of 99.9 percent and 99.5 percent immaculateness fell by Rs 100 each to Rs 34,270 and Rs 34,100 for every 10 gram, separately.

Sovereign gold, however, held consistent at Rs 26,800 per eight gram.

On Saturday, gold had ascended by Rs 70 to Rs 34,370 for each 10 gram.

Meanwhile, silver ready gained Rs 90 to Rs 39,090 per kg, while weekly-based delivery gained Rs 144 to Rs 38,098 for each kg.

Cost of silver coins held flat at Rs 80,000 for buying and Rs 81,000 for selling of 100 pieces.

Sensex closes 72 pts lower; oil, metal stocks drag

Mumbai, Jun 24 The BSE Sensex Monday slipped by another 72 points, dragged by losses in oil and gas and metal stocks in the midst of rising US-Iran pressures.

After swinging nearly 300 points in a volatile session, the BSE gauge settled 71.53 points, or 0.18 percent, lower at 39,122.96. The record hit an intra-day low of 39,021.70 and a high of 39,300.02.

Similarly, the broader NSE Nifty dropped 24.45 points, or 0.21 percent, to 11,699.65. During the day, the list contacted a low of 11,670.20 and a high of 11,754.

ONGC was the top loser in the Sensex pack, finishing 3.48 percent lower.

Tata Steel, Vedanta, Bajaj Auto, TechM, RIL, Hero MotoCorp, Kotak Bank, Axis Bank, and Infosys too fell up to 2.33 percent.

On the other hand, Yes Bank, M&M, TCS, SBI, IndusInd Bank, Maruti and ITC rose up to 2.19 per cent.

The US on Monday was expected to fix authorizes on Iran as the two nations exchanged thorns a strained standoff started by Washington's withdrawal from an atomic arrangement.

As per merchants, household bourses turned uneven as unrefined petroleum costs continued ascending in the midst of rising strains between the US and Iran.

Brent unrefined fates, the worldwide oil benchmark, rose 0.16 percent to USD 64.55 per barrel.

Meanwhile, bourses in Shanghai, Hong Kong, Tokyo and Seoul ended on a positive note, equity markets in Europe were trading in the red in early deals.

On the currency front, the Indian rupee appreciated 15 paise to 69.43 against the US dollar intra-day.

Sunday, 23 June 2019

Indian Navy looked for Pakistani submarine for 21 days after Balakot airstrikes: Source

 

New Delhi, 23 June Soon after the Pulwama terror attack, India pulled out its Navy from an exercise and deployed a major part of its fleet, including nuclear and conventional submarines, close to Pakistani territorial waters.

During the aggressive deployment of the naval assets by the Indian side, the Pakistanis were getting an impression that New Delhi might use its sea power to retaliate for the killing of its 40 CRPF personnel in the suicide bombing by Jaish-e-Mohammed (JeM). India was consistently watching out for the development of the Pakistani military yet after Indian Air Force hit the Jaish fear based oppressor production line in Balakot, a standout amongst the most exceptional Pakistani Agosta-class submarines - PNS Saad - evaporated from the Pakistani waters, a senior government source said.

Having represented all other surface warships and all the submarines, the vanishing act done by the PNS Saad fitted with Air Independent Propulsion (an innovation which enables the submarines to remain for a more drawn out period under the water than normal submarines) swung the entire Indian Navy swung into action. "The area close Karachi from where the PNS Saad evaporated, it could achieve the Gujarat coast in three days and the central station of the western armada in Mumbai inside five days and was viewed as a noteworthy danger to the security of the nation," the sources said.

The anti submarine warfare specialist warships and aircraft were situated to help in the chase for the missing Pakistani submarine. "All the areas where it could have gone in the given time allotment, broad pursuits were completed by the Indian Navy. P-8Is were pressed into service to locate the submarine along with the coastal areas of Gujarat followed by Maharashtra and other states," the sources said.

All precautionary measures had been taken by the Navy to guarantee that regardless of whether the PNS Saad had entered Indian waters, all necessary actions were to be taken to force it to come on the surface, and if required take military punitive action against it, the sources said. Nuclear submarine INS Chakra had also been sent in an aggressive posture long the Pakistani waters and educated to keep looking for the missing Pakistani submarine.

The Indian Navy's latest induction, Scorpene-class submarine INS Kalvari, was additionally sent in the chase while their stance continued undermining Pakistan against doing any misfortune in the Indian waters. As the days advanced, the Indian Navy continued growing its region of quest for the Pakistani boat and satellites were additionally used to find it, then, the power was practically sure that the Pakistanis may have kept it concealed elsewhere.

After 21 days of an extensive search, the Indian Navy finally found the PNS Saad on the western side of Pakistan. It was sent there for hiding, to guarantee a secretive ability in the event of expansion in threats in the repercussions of the Balakot airstrikes. Sources said the Navy is maintaining complete surveillance of the Arabian Sea, especially Pakistani waters, and is aware of Pakistan`s naval activities in the area.

BSP chief Mayawati appoints brother, nephew to key party posts

 

Lucknow, Jun 23 BSP chief Mayawati Sunday appointed his sibling Anand Kumar as the party's national VP and named her nephew Akash Anand as its national coordinator, a senior leader said.

The decision was taken at a meeting held here, which was gone to by top functionaries of the party.

Amroha MP Danish Ali has been made leader of the party in Lok Sabha and its Nagina MP Girish Chandra has been appointed chief whip, he said.

India on US religious freedom report: No locus standi

New Delhi, Jun 23 India Sunday dismissed a US religious freedom report, saying it sees no locus standi for a foreign government to articulate on the condition of its citizens' constitutionally protected rights.

In its yearly 2018 International Religious Freedom Report, the State Department affirmed Friday that mob assaults by violent extremist Hindu groups against minority communities, particularly Muslims, proceeded in India in 2018, amid rumours that victims had traded or killed cows for beef.

Reacting to media inquiries on the report, Ministry of External Affairs Spokesperson Raveesh Kumar stated: "India is glad for its secular credentials, its status as the biggest democracy and pluralistic society with a longstanding promise to resistance and inclusion."

The Indian Constitution ensures major rights to every one of its natives, including its minority networks, he said.

It is widely acknowledged that India is a vibrant democracy where the Constitution gives insurance of religious freedom, and where democratic governance and rule of law further promote and protect fundamental rights, Kumar asserted.

"We see no locus standi for a foreign entity/government to pronounce on the state of our citizens' constitutionally protected rights," he said.

Mandated by the Congress, the State Department in its voluminous report gives its evaluation of the status of religious opportunity in practically every one of the nations and territories of the world.

Releasing the report at the Foggy Bottom headquarters of the State Department, Secretary of State Mike Pompeo a week ago said the report was like a report card which tracks nations to perceive how well they have regarded this fundamental human right.

Saturday, 22 June 2019

NEWS HEADLINES FROM NEWS4EXCHANGE.COM DTD 22.6.2019

CJI writes to PM Modi, looks for an increase in number of SC judges

New Delhi, Jun 22 Chief Justice of India Ranjan Gogoi has written to Prime Minister Narendra Modi trying to build the quality of judges and raise the retirement age of high court judges to 65 years.

Gogoi has also urged the prime minister to make tenure arrangements of resigned zenith court judges and high court judges under Articles 128 and 224A of the Constitution separately to clear backlog of cases pending for years.

The CJI, who wrote three letters to the PM, said there was a pendency of 58,669 cases in the top court and the number was increasing due to filing of more fresh cases.

Due to paucity of judges, the required number of Constitution seats to choose significant cases including inquiries of law were not being shaped, the CJI said.

"You would recall that route in 1988, around three decades back, the judge quality of the SC was expanded from 18 to 26, and afterward again following two decades in 2009, it was expanded to 31, including the CJI, to speed up transfer of cases to keep pace with the rate of establishment," he composed.

"I demand you to generously consider, on top need, to increase the judge-quality in the SC suitably with the goal that it can work all the more proficiently and adequately as it will go far to achieve extreme objective of rendering auspicious equity to the prosecutor open," Gogoi composed.

He said that however the size of the feeder unit of boss equity and judges of the high courts has expanded previously yet the quality has not been expanded relatively in the top court.

In his second letter, the CJI urged Modi to consider carrying a protected revision to expand the retirement time of high court made a decision from 62 to 65 years.

"One of the prime reasons why we are not ready to contain the regularly developing pendency is deficiency of HC judges. At present, 399 posts, or 37 percent of endorsed judge-quality, are empty. The current opportunities should be filled right away. Be that as it may, notwithstanding best endeavors put in by all partners, it has not been conceivable to designate judges to bring the working judge-quality anyplace near the authorized judge-quality," Gogoi wrote.

The CJI also wrote that the retirement period of high court judges ought to be raised by three years to 65 years.

"This, thus, would help in improving the opening position and therefore diminishing pendency of cases. This would also be in consonance with the (rehashed) suggestions made by parliamentary standing boards of trustees," he composed.

Gogoi further stated, "A judge sets aside some effort to develop and when he is in a situation to put inventive musings dependent on rich experience to rehearse, he winds up nearing retirement. This can be maintained a strategic distance from if the time of retirement is raised to a proper dimension with the goal that his huge experience, further knowledge and mastery can be used for a more drawn out period."

"In my view also, if retired HC judges are considered for appointment in tribunals beyond the age of 62 years, they may continue in HCs up to 65 years. The proposal suggested will ensure continued availability of more experiences judges for a longer tenure," he wrote.

PM Narendra Modi to meet top financial experts at NITI Aayog today, review economic growth

New Delhi, 22 Prime Minister Narendra Modi will meet driving market analysts and money related specialists on Saturday during which the macroeconomic circumstance of the nation will be looked into.

Today,s meeting comes in the midst of worries over moderate monetary development in the nation. The abnormal state meeting comes days in front of the introduction of the Union Budget in Parliament by Finance Minister Nirmala Sitharaman on July 5.

As per government sources, Prime Minister Modi will also hold discussions on the Union Budget and the proposition made for citizens.

The meeting is planned to take place at NITI Aayog around 4.30 PM.

During the review meeting, the financial experts and top NITI Aayog authorities will also make introductions before the Prime Minister.

It might be reviewed that Union Finance Minister Sitharaman held a pre-spending meeting with the state fund serves on Friday.

She is planned to display the Union Budget for 2019-20 on July 5. The Economic Survey for the current financial year will be postponed on July 4.

On Wednesday, the Finance Minister held the twentieth gathering of the Financial Stability and Development Council (FSDC) to audit the current worldwide and local monetary circumstance and money related dependability issues including, between alia, those concerning Banking and NBFCs.

The Council was additionally informed of the progress made towards setting-up of the Financial Data Management Center (FDMC) to encourage incorporated information accumulation and examination as also a Computer Emergency Response Team (CERT-Fin) towards strengthening the cyber-security framework for the financial sector.

Nirmala Sitharaman had earlier reviewed the state of the economy and talked about different budget-related suggestions and proposals at a meeting with financial sector regulators here on Wednesday.

The FSDC meeting was also attended by Anurag Thakur, MoS (Finance &Corporate Affairs), Shaktikanta Das, Governor, Reserve Bank of India (RBI); Subhash Chandra Garg, Finance Secretary and Secretary, Department of Economic Affairs; Rajiv Kumar, Secretary, Department of Financial Services; Injeti Srinivas, Secretary, Ministry of Corporate Affairs; Ajay Bhushan Pandey, Revenue Secretary; Dr. Krishnamurthy V. Subramanian, Chief Economic Adviser, Ministry of Finance; Ajay Tyagi, Chairman, Securities and Exchange Board of India; Subhash Chandra Khuntia, Chairman, Insurance Regulatory and Development Authority of India(IRDAI); Dr. M. S. Sahoo, Chairperson, Insolvency and Bankruptcy Board of India (IBBI); Ravi Mital, Additional Secretary, Department of Financial Services and in control, Chairperson, Pension Fund Regulatory and Development Authority(PFRDA); and other senior officers of the Government of India and the Financial Sector Regulators.

Modi congratulates those gave PM's Award for Outstanding Contribution for Promotion of Yoga

New Delhi, Jun 22 Prime Minister Narendra Modi Saturday congratulated those who have been conferred with the Prime Minister's Award for Outstanding Contribution for Promotion and Development of Yoga, 2019.

"We are tremendously glad for their rich work to guarantee more individuals grasp Yoga and our planet ends up more advantageous," he tweeted.

Modi posted the congratulatory message on Twitter in Spanish, French, Arabic, Russian, Japanese and English.

Established in 1980, the Japan Yoga Niketan has advanced yoga crosswise over Japan. It runs numerous yoga preparing foundations and courses. They have had the option to draw individuals from all sections of Japanese society, Modi said.

Established by Swami Satyananda Saraswati, the Bihar School of Yoga, Munger has been effectively working for more than 50 years.

"They combine ancient wisdom with present day patterns with a plan to improve wellness. Their yoga projects and distributions are broadly mainstream," the PM said.

Modi also referred to Antonietta Rozzi, who has a place with Italy and has been rehearsing Yoga for more than four decades. She established the Sarva Yoga International and promoted Yoga across Europe.

"We are glad for devoted people like her," he tweeted.

The PM said Swami Rajarshi Muni, who hails from Gujarat's Limbdi, has endeavored astounding endeavors to spread yoga. Most strikingly, he established the LIFE Mission and is related with Lakulish Yoga University that tutors understudies, he said.

"His commitment to social service is also outstanding," Modi said.

India says Pak must take verifiable, irreversible steps against terrorism: FATF

New Delhi, Jun 22 India on Saturday said it anticipates that Pakistan should make every single fundamental move to successfully execute the FATF activity plan completely by September and take solid, certain, and irreversible measures to deliver global concerns related to terrorism and terrorist financing emanating from its soil.

Because of a media query regarding the FATF report, Ministry of External Affairs Spokesperson Raveesh Kumar said the FATF has chosen to keep on keeping Pakistan on its compliance document (for example Grey List) for the International Cooperation Review Group (ICRG) observing for its inability to finish the activity plan things due in January and May 2019.

"We expect Pakistan should make every vital move to viably actualize the FATF Action Plan completely inside the rest of the time allotment for example by September 2019 as per its political commitment to the FATF and take credible, verifiable, irreversible and maintainable measures to deliver global concerns related to terrorism and terrorist financing from any domain under its control," he said.

FATF, the Paris-based global body, is attempting to curb terrorism financing and money laundering and has asked Pakistan to reassess the operation of banned terrorist outfits in the country.

In June a year ago, the FATF set Pakistan on the dim rundown of nations whose residential laws are viewed as feeble to handle the difficulties of tax evasion and terrorism financing.

In a statement issued at the finish of its Plenary meeting in Orlando, Florida, the FATF communicated concern "that in addition to the fact that Pakistan failed to finish its activity plan things with January due dates, it also failed to finish its activity plan things due May 2019".

The FATF "strongly" urges Pakistan to quickly finish its action plan when the last set of action plan things are set to lapse.

"Otherwise, the FATF will choose the following stage around then for inadequate advancement," the worldwide money related body said leaving a solid cautioning to Pakistan.

The FATF said Pakistan had made strides towards improving its AML/CFT (against tax evasion/battling the monetary fear based oppression) routine, including the ongoing improvement of its terror funding risk assessment addendum.

however, it doesn't show an appropriate comprehension of Pakistan's transnational fear subsidizing hazard.

Reacting to the FATF's warning, Pakistan on Friday said it was committed to taking measures needed to implement the action plan agreed with the FATF to come out of the grey list.

PM Modi: Congress insulted voters by questioning BJP's huge win

New Delhi, June 26 Prime Minister Narendra Modi Wednesday blamed the Congress for offending voters of the nation by questioning the massive ...