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Demonetisation aimed at waiving off bank NPAs: Rahul

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Dadri (Uttar Pradesh), 13 Dec 2016 : Congress Vice President Rahul Gandhi on Tuesday dumped Prime Minister Narendra Modi’s narrative behind the note ban and said it was done to waive off loans to big industrialists.

Interacting with traders and commoners here, Gandhi accused Modi of continuously changing his narrative on withdrawing Rs 500 and Rs 1,000 notes and ridiculed his ambitious plan of creating a cashless economy.

“The poor and honest queuing up outside banks and ATMs” continued to suffer he said, adding “you will not find a single rich or black money hoarder there”, as they were completely unaffected by the exercise.

Gandhi said: “While you struggle to get your own money, the black money hoarders are getting their money converted into white in the banks through the back doors.”

He accused Modi of waging a war against the poor through demonetisation.

Gandhi said the real motive behind the exercise was to enable the banks collect enough money so they could waive off the loans given to the big corporates and industrialists.

“The motive is to flush the banks with your money. These banks have given out loans to the tune of Rs 8 lakh crore to corporate and industrialists,” Gandhi said.

“If your money remains in these banks for eight to 10 months, they will be able to waive off these loans owed by the industrialists who actually marketed Modi and made him the Prime Minister,” said Gandhi.

“The Prime Minister’s narrative has changed over time, first it was fight against black money, then terrorism and now it’s about making society cashless.

“Modi has really made the economy cashless because the people don’t have any cash. The whole country is crying,” he said.

Gandhi said the demonetisation was carried out to suit the interests of the corporates and industrialists who were “running the government de facto”.

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PDP chief Mehbooba Mufti released from detention after 14 months

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Jammu, 13 Oct : Former Jammu and Kashmir chief minister and Peoples Democratic Party (PDP) leader Mehbooba Mufti was on Tuesday released from detention. “PDP chief Mehbooba Mufti is being released from detention,” said Jammu and Kashmir administration spokesperson Rohit Kansal.

A government order issued on Tuesday night said her detention was being revoked with immediate effect.

The Jammu and Kashmir administration in July had extended her detention by three months under the stringent Public Safety Act (PSA).

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Cinemas, theatres, multiplexes to open with up to 50% seating capacity from Oct 15

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Swimming pools for training of sportspersons to open with SOP from Oct 15

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SAD breaks alliance with BJP Leaves NDA in protest against farmers ordinance

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Chandigarh, 26 Sep : The Shiromani Akali Dal (SAD) has severed its alliance with the BJP. The Akali Dal had a 22-year-old alliance with the BJP.

The decision was taken after a meeting of the Akali Dal’s Kaur Committee which lasted for more than four hours today. Mr. Sukhbir Singh Badal addressed the press after the meeting and announced that he would no longer be a part of BJP-NDA.

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