Banks' "Worst" Time Under Manmohan -Raghuram, says Sitharaman after criticism for economic slowdown | WeForNews | Latest News, Blogs Banks’ “Worst” Time Under Manmohan -Raghuram, says Sitharaman after criticism for economic slowdown – WeForNews | Latest News, Blogs
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Banks’ “Worst” Time Under Manmohan -Raghuram, says Sitharaman after criticism for economic slowdown

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Nirmala Sitharaman

New Delhi, Oct 16: Facing criticism from all quarters for the bad state of the India’s economy, Finance Minister Nirmala Sitharaman accused rime Minister Manmohan Singh and former Reserve Bank of India Governor Raghuram Rajan responsible for the massive amount of bad loans in state-run banks when the United Progressive Alliance (UPA) was in power.


“I have no reason to doubt that Rajan feels for every word of what he is saying. And I’m here today, giving him his due respect, but also placing the fact before you that Indian public sector banks did not have a worst phase than when the combination of Singh and Rajan, as Prime Minister and the Governor of Reserve Bank, had. At that time, none of us knew about it,” the Finance Minister said at the Columbia University’s School of International and Public Affairs on Tuesday.

“It was in Rajan’s time as Governor of the Reserve Bank that loans were given just based on phone calls from crony leaders and public sector banks in India till today are depending on the government’s equity infusion to get out of that mire,” she said.

Bad loans of PSBs rose over 50 per cent from Rs. 9,190 crore in 2011-2012 to Rs. 2.16 lakh crore in 2013-2014, according to the RBI. The National Democratic Alliance (NDA) government came to power in May 2014.

Both the former Prime Minister and the RBI Governor criticised the Modi government’s economic policies, including the overnight notes ban in November 2016 that they say broke the back of the cash-dependent informal economy.

Cities

Delhi’s remote teaching-learning initiative receives overwhelming response

Around 23,000 students watched the live lessons on YouTube. Till the writing of this report, the videos have been accessed by more than 1.35 lakh people on YouTube.

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Manish Sisodia

New Delhi, July 6 : Delhis Deputy Chief Minister Manish Sisodia on Monday congratulated the teachers and parents on the successful launch of Delhi governments remote teaching-learning initiative.

On July 2, the initiative was announced in the wake of the closure of schools till July 31. The Directorate of Education has devised an alternate plan to reduce the academic loss of students in classes KG to XII of all government and aided schools of Delhi.

On the first day of the programme, students from KG to Class XIII received their first worksheet. It contains engaging and syllabus agnostic activities to promote reading, writing, basic numeracy and happiness among children.

Similarly, students in Class IX and X received worksheets for Hindi, Science and Mathematics. Henceforth, they will receive 2-3 worksheets daily.

Around 4.15 lakh students have accessed the worksheets on the first day, said the government in a statement. All the worksheets were shared with the students by the class teachers through a WhatsApp group created at the class level.

The students will now be working on the worksheets and share them with their teachers in the respective groups.

“For those students who do not have access to WhatsApp, the teachers will get the printouts of the worksheets and hand them over to their parents on a weekly basis,” the city government stated.

Sisodia said, “Our teachers have worked very hard in creating and distributing the worksheets so that the learning does not stop for the school students.”

For the Class XII students, shortlisted teachers of Delhi government schools took online classes in English and History.

The classes were streamed live on YouTube and students were asking their doubts through comments, which were solved by the teachers.

Around 23,000 students watched the live lessons on YouTube. Till the writing of this report, the videos have been accessed by more than 1.35 lakh people on YouTube.

Sisodia said that it is very important to engage creatively with the students on digital platforms and the teachers have created a very engaging content.

“This has raised the confidence of the teachers who are working hard to reach out to every child,” he said.

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MP Police to help UP counterpart in hunt for gangster Vikas Dubey

Madhya Pradesh police are said to be scanning phone call details of some of them to check if Dubey had any associates operating in Madhya Pradesh.

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Vikas Dubey.

Gwalior, July 7 : Madhya Pradesh Police will help its Uttar Pradesh counterpart in the hunt for absconding gangster Vikas Dubey, who along with his gang had gunned down eight police officials in Bikru village in Kanpur district on June 3.

Deputy Inspector General of police, Gwalior range, AK Pande said the Madhya Pradesh police are offering all help to the Uttar Pradesh police to nab the fugitive.

The development comes after the Uttar Pradesh Police sought the MP police help in hunting down Dubey.

The possibility of Dubey slipping into the infamous ravines of Chambal can not be ruled out. Posters of the most wanted criminal have already appeared in public places in Gwalior, Bhind and Morena districts. The award on Dubey”s head has been raised to Rs 2.5 lakh.

Madhya Pradesh Police teams have been combing areas under their jurisdiction.

The Uttar Pradesh Police had inputs that Dubey could try to enter Madhya Pradesh via Rajasthan too.

Director General of Madhya Pradesh Police Vivek Johri on Monday ordered screening of all vehicles crossing the MP-UP border at all points.

The search started in the ravines of Chambal as Vikas Dubey had spent time in Gwalior in the past while absconding from Uttar Pradesh.

ADGP (Gwalior Range) Rajababu Singh says his batchmate in Kanpur, ADG Jaynarayan Singh had suspected the gangster could seek help from the network of criminals operating in both states.

Madhya Pradesh police are said to be scanning phone call details of some of them to check if Dubey had any associates operating in Madhya Pradesh.

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Modi may have compulsions for not wishing Dalai Lama: Congress

Surjewala, however, wished the Dalai Lama on behalf of the entire nation, while asserting that it”s a “privilege” to have the Dalai Lama”s “blessings”.

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Randeep Surjewala

New Delhi, July 6 : The Congress, which has been consistently training it’s guns at the Centre, took a sharp dig at Prime Minister Narendra Modi on Monday for allegedly not wishing the Dalai Lama on his birthday. The Dalai Lama turned 85 on Monday.

The Congress” communication department chief Randeep Singh Surjewala said, “We waited for Hon”ble PM to lead the nation in wishing HE the Dalai Lama a very Happy Birthday. (But) Modi ji may have had his compulsions for not doing so.”

Surjewala, however, wished the Dalai Lama on behalf of the entire nation, while asserting that it”s a “privilege” to have the Dalai Lama”s “blessings”.

Beijing views the Nobel Peace Prize winner as a dangerous separatist. The Dalai Lama fled into exile in India way back in 1959 after an uprising against the Chinese rule.

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