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‘Liberal-friendly’ leadership left behind such a nasty stink of corruption that we are cleaning up even today: Nirmala Sitharaman on Raghuram Rajan’s tirade

Union Finance Minister Nirmala Sitharaman said that the Indian public sector banks had the ‘worst phase’ under former Prime Minister Manmohan Singh and RBI Governor Raghuram Rajan.

Finance Minister Nirmala Sitharaman, delivering a lecture at the Columbia University’s School of International and Public Affairs here on Tuesday, said that her primary duty today was giving ‘lifeline’ to all the public sector banks.


“I’m taking a minute to respond and I do respect Raghuram Rajan as a great scholar who chose to be in the central bank in India at a time when the Indian economy was all buoyant,” Sitharaman said during the lecture organised by the Deepak and Neera Raj Centre on Indian Economic Policies of the Columbia University.

Responding to Raghuram Rajan’s constant tirades against the Modi government, Sitharaman said that it was during Rajan’s time as Governor of the Reserve Bank that loans were given just based on phone calls from crony leaders. She said the banks are depending on the government’s equity infusion to get out of that mire till today.

Read: All you need to know about what the Modi govt is doing to solve the NPA mess

The Union Minister said that there were major issues with bank loans during Rajan’s tenure as the central bank head.

Rajan had commented during a recent lecture at Brown University in which he had claimed that the Narendra Modi government had not done better on the economy because the government was extremely centralised and the leadership did not have a consistent articulated vision on how to achieve economic growth.

“Dr Singh was the Prime Minister and I’m sure Dr Rajan will agree that Dr Singh would have had a ‘consistent articulated vision’ for India,” Sitharaman said, amidst laughter from the audience.

Read: Congress’ NPA mess: PM Modi talks about the legacy of loans increasing from 18 lakh crore to 52 lakh crore

She added, “With due respect, I’m not making fun of anybody but I certainly want to put this forward for a comment which has come like this. 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 the 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,” she said.

 “I am grateful that Rajan did an asset quality review but I’m sorry, can all of us put together also think of asking what ails our banks today. Where has it been inherited from,” she added.

Sitharaman said that while economists can take a view of what prevails today or prevailed years ago and said she wanted answers for the time when Rajan was in the Governor’s post speaking about the Indian banks, for which today to give a lifeline is the primary duty of the Finance Minister of India.

Responding to the question of whether there has been a centralised leadership in the present government, Sitharaman took a dig at Rajan by pointing out that if there was a feeling that there’s been a centralised leadership currently, then I would like to say that very ‘democratised leadership’ led to a whole lot of corruption.

Read: NPA crisis could be Congress-led UPA’s biggest scam

“You need to have a country as diverse as India with effective leadership. A rather too democratic leadership, which probably will have the approval of quite a lot of liberals, I’m afraid, left behind such a nasty stink of corruption, which we are cleaning up even today,” she said.

The event was also attended by former NITI Aayog Vice-Chairman Arvind Panagariya, professor and eminent economist Jagdish Bhagwati and India’s Consul General in New York, Sandeep Chakravorty.

MP cabinet minister promises to make state roads as smooth as Hema Malini’s cheeks

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Madhya Pradesh Cabinet Minister, PC Sharma, in a shocking statement, has compared the condition of roads in the state to the cheeks of BJP leader Kailash Vijayvargiya and said that Congress government will soon make them like cheeks of Bollyood superstar and Lok Sabha MP Hema Malini.

“Roads in Madhya Pradesh were built like that of Washington. What has happened to these roads now? After heavy rain, there are potholes everywhere. Presently, the condition of roads is like stains of smallpox. It seems that the condition of the roads has become like Kailash Vijayvargiya’s cheeks,” he told reporters in Bhopal.

“These roads will be repaired within 15 days on the orders of Chief Minister Kamal Nath. Very soon we will make these roads like cheeks of Hema Malini,” he said.

Sharma’s shocker came in the aftermath of Gopal Bhargava’ (leader of Opposition in Madhya Pradesh assembly) last week statement where he had criticised the Kamal Nath government over the deteriorating condition of roads in the state.

Also Read: Bats are the reason behind power cuts in Madhya Pradesh, say officials in Kamal Nath government

He said, “roads in the state are shabby. Due to which, accidents are taking place every day. Instead of working, the state government runs away from responsibility by accusing the central government of not cooperating on everything. The state government has a large amount of budget. Out of which the government should spend to repair the roads.”

Long ago, the former chief minister of Bihar and fodder scam convict, Lalu Prasad Yadav had made a similar comparison claiming that roads in Bihar were ‘as smooth as the cheeks of Hema Malini’.

A Madhya Pradesh Minister said likewise in 2013 as did Chhattisgarh’s Public Works Department minister.

Ayodhya Dispute: Muslim parties seem to have given up hope for a favourable verdict and are afraid of floodgates opening

Muslim parties in the Ayodhya were reportedly willing to forfeit their claim to Ram Janambhoomi as part of a mediated settlement if adequate land was provided to them for the construction of a mosque on state expenses, the associate editor of Times of India stated on Twitter.


Furthermore, the Muslim parties were reportedly demanding the implementation of the Religious Places Act, 1991 which mandated a status quo in other places where Mosques were constructed by Islamic barbarians after demolishing Temples as they existed in 1947. This would mean that Kashi and Mathura would be out of bounds for the Hindu community to reclaim in the near future if such a settlement was reached. The Hindu parties refused to participate in this mediation.

Read: Ram Janmabhoomi case: Senior Advocate Rajeev Dhawan representing Muslim parties has a complete meltdown, tears up maps, papers

Though the All India Babri Masjid Action Committee (AIBMAC) convener Zafaryab Jilani said that he had no such information on any action by Sunni Waqf Board and the Board lawyer also said he had no knowledge of the same, the rumour itself points towards how the Muslim side is losing hope as far as the Ayodhya dispute is concerned and are now concerned about how, if the Supreme Court verdict is in favour of the Hindus, it would open a floodgate that the Muslims might not be able to stop.

If what is claimed by Dhananjay Mahapatra is true, then it shows that Muslim parties have already given up on Ram Janambhoomi and they appear perfectly aware of what the judgment is going to be. It appears evident from the manner in which senior advocate Rajeev Dhawan, representing the Muslim parties, had a complete meltdown in the Court earlier today. He tore off maps and papers handed over to him by the Hindu Mahasabha as he strongly opposed the party in the Supreme Court.

Moreover, there were reports that the Uttar Pradesh Sunni Waqf Board had decided to withdraw its petition on the last day of the hearing. The Sunni Waqf Board has informed the Supreme Court through the mediation panel.

Thus, it appears the Muslim parties in the Ayodhya dispute have given up hope for Ram Janamboomi and are more concerned with maintaining their possession over what they already have as of now. Realizing that the verdict in the case will not be in their favour, they are trying to make a tactical retreat and extract as many concessions as they can in the process. However, the Hindu parties refused to be a part of this.

There appears to be genuine fear among the Muslim parties that the Ayodhya Verdict has the potential to open up the doors for Kashi and Mathura. Truth be told, the verdict should it go in favour of Ram Mandir does have that potential. However, it’s too early to predict what will happen in the future when not even the verdict has been announced.

There has been a slogan that has been doing the rounds for decades now. It goes, “Ayodhya toh bas jhaanki hai, Kashi Mathura abhi baaki hai.” Therefore, it can’t be said that the concerns of Muslim parties are not entirely misplaced. The Ayodhya Verdict does have the potential to open floodgates on the Temple reclamation project. There are endless lists of possibilities now and the future is uncertain. But one expects things to become clear in the near future.

Christian exorcism event in Bengaluru cancelled by police after VHP functionary complaints against it for violating laws

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The sixth international course on deliverance, an event on exorcism which was scheduled to take place in Bengaluru, has been cancelled after a complaint against it was filed by Vishwa Hindu Parishad functionary Girish Bharadwaja. The event, a course on exorcism, was being organised by Bengaluru based Light of Christian Covenant Community from 13th to 19th October. The main address was to be delivered by a world-renowned exorcist from Malta, while participants from Dubai, Malaysia, Rome and Singapore were expected to attend the event.


Girish Bharadwaja had complained with Bengaluru Police against the event saying that it violates Indian visa rules and the Karnataka anti-superstition act. According to visa rules, preaching or propagating is not allowed in India under any visa category, and no visa is granted to evangelists who desire to come to India to attend religious campaigns.

Also Read: Christian priest with self-proclaimed supernatural powers to heal others admitted to hospital for viral fever

On the other hand, the Karnataka Prevention and Eradication of Inhuman Evil Practices and Black Magic Act, commonly known as the anti-superstition act, makes it illegal to exploit people in the name of black magic and evil spirit. Exorcism refers to a practice of evicting demons or evil spirits from a person, or an area, that is supposed to be possessed by such demons. In Christianity, some members of the church are believed to be graced with special powers to evict demons. Therefore, the practice and propagation of Christian exorcism violates the anti-superstition law.

Acting on the complaint, now the Bengaluru police have stopped the event. The foreign pastors have also been blacklisted for misusing India visa, Girish Bharadwaja was informed by the police. The Facebook page for the event also has been deleted as a result of the cancellation. A webpage detailing about the event has also been deleted by a website called Indian Catholic Matters.

INX Media case: Former Union Minister P Chidambaram arrested by ED following interrogation at Delhi’s Tihar jail

Former Union Minister and Congress leader P Chidambaram was arrested by Enforcement Directorate after questioning him at Delhi’s Tihar Jail in connection with INX media scam. The Court had given ED the permission to arrest Chidambaram after interrogation.  

According to the reports, Enforcement Directorate (ED) officials on Wednesday morning had reached Tihar Jail to interrogate senior Congress leader P Chidambaram after a special court in Delhi on Tuesday allowed three ED officials to interrogate the former Home Minister in INX Media money laundering case.

The ED team arrested scam accused Chidambaram after interrogating him for 30 minutes in connection with the matter. Chidambaram’s wife Nalini and son Karti, who is also one of the accused in the case, was also present at the Tihar jail this morning to meet him.

On Tuesday, the ED had moved two applications to formally arrest and seek the custody of P Chidambaram for money laundering in the INX Media case. Special CBI Judge Ajay Kumar Kuhar had allowed the ED to interrogate the Congress leader and arrest him if deemed necessary.

Read: All you need to know about the INX Media scam 

The ED’s plea was strongly opposed by senior advocate Kapil Sibal, appearing for Chidambaram, who said that the CBI has already taken remand and ED has no ground since the offence is same. Sibal had also opposed interrogation inside court premises citing ‘dignity of court proceedings’.

P Chidambaram has been in custody since August 21 and is currently lodged in the Tihar jail. He is under the scanner of CBI and the Enforcement Directorate in the INX Media case in which he is accused of misusing his position as India’s finance minister and granting several clearances to the INX Media company.

Chidambaram has moved to the Supreme Court seeking bail in the INX Media case. The CBI has been objecting his bail on the ground that he might influence witnesses.

Ram Janmabhoomi case: Senior Advocate Rajeev Dhavan representing Muslim parties has a complete meltdown, tears up maps, papers

Senior advocate Rajeev Dhavan representing the Muslim parties in the Supreme Court in the Ram Janmabhoomi – Babri Masjid case had a complete meltdown as Senior advocate Vikas Singh sought to place on record the book ‘Ayodhya Revisited’ by former IPS Kishore Kunal. Senior advocate Singh is representing the Hindu Mahasabha and the book ‘Ayodhya Revisited’ talks about pre-existence of Ram Temple in Ayodhya.


In a complete meltdown, Dhavan then started tearing off papers and maps handed over to him by the Hindu Mahasabha as he strongly opposed the party in the Supreme Court.

Read: Ram Janmabhoomi case: Sunni Waqf Board may give up claim to title, but with conditions, lawyer denies knowledge

The CJI then asked him to shred them further and Dhavan tore off more pages.

Today is the last day of arguments and CJI Ranjan Gogoi has announced that the bench will wrap up the hearing by 5 PM.

We will fight future wars with ‘Made In India’ weapons and will win: COAS Bipin Rawat

Speaking at the Defence Research and Development Organisation’s (DRDO) 41st directors’ conference in Delhi yesterday, COAS Bipin Rawat stated that India will fight and win the future wars with indigenously produced weapons and systems.

As per reports, the COAS highlighted the need to focus on non-contact warfare and stated, “We are looking at systems for future warfare. We have to start looking at the development of cyber, space, laser, electronic and robotic technologies and artificial intelligence.”


The COAS stated that even after 70 years of independence, we are one of the largest importers of arms and ammunition in the world and this is not a very proud statement to make. He further added that in the last few years, DRDO has achieved a lot in defence innovation and production.

Home minister Rajnath Singh too, addressing the same event, asked the scientists to develop cutting edge technologies to make India not only self-sufficient but also a global leader in defence manufacturing.


Rajnath Singh also asked the scientists to develop products that will stay relevant for the next 15-20 years. “There are certain limitations in technology and there is a gestation period for the development of products. It is possible that during the gestation period of complex systems, new technical requirements emerge. Spiral development should be given priority for such systems,” said the Defence Minister.

National Security Adviser Ajit Doval addressed the scientists too. Emphasising on the need to become the ‘winner’ and not the ‘runner up’ in defence technology, the NSA stated, “India’s security vulnerabilities are much greater today and they are going to be much greater in the times to come.”


Doval also stated that technology and finance are the two fields that influence geopolitics the most and the nations that have dominance in these two fields will win future conflicts.

“The armies that were better equipped always called the shots and decided the destiny of mankind. They were always the one which had higher technologies. India’s own historical experience on this has been sad, we were the runner-up. There is no trophy for the runner up,” said the National Security Adviser.

Ram Janmabhoomi case: Sunni Waqf Board may give up claim to title, but with conditions, lawyer denies knowledge

In a big development which could have massive ramifications on the Ram Janmabhoomi case, the Uttar Pradesh Sunni Waqf Board has decided to withdraw its petition on the last day of hearing. The Sunni Waqf Board has informed the Supreme Court through the mediation panel. However, this decision comes with conditions.

The Sunni Waqf Board has said that it will give up the claim and asked to make Place of Religious Worship Act 1991 watertight, government should take over maintenance of around 22 mosques in Ayodhya and Supreme Court should form a committee to check into status of other religious places under ASI’s control. Meanwhile, Sunni Waqf Board lawyer has said that he is unaware of any such statement. Zafaryab Jilani, the board’s lawyer, has denied having any such knowledge.

According to the reports, the decision to withdraw the petition comes amidst that a possible rift has broken out between members of the Sunni Waqf Board following FIRs against its chairman ZA Faruqui. The Uttar Pradesh government has recommended an inquiry by the Central Bureau of Investigation (CBI) against Faruqui into alleged illegal sale and purchase of land for the board.

Faruqui had reportedly attempted to change his Advocate-on-Record in the Ayodhya case. He allegedly also wrote to the mediation panel, asking for a fresh round of talks, without the knowledge of his legal team. As per sources, the mediators will submit a report before the top court intimating an “agreement” reached between a few parties to the Ayodhya dispute during the mediation.

Read: Islam is much more than Quran: Rajeev Dhawan representing Muslim side in Ram Janmabhoomi case says in Supreme Court

The Sunni Waqf Board has vehemently opposed the Hindu parties’ counsel from introducing fresh evidence. The Muslim parties have been contesting that the ASI report, that had confirmed the presence of a large structure at the Ram Janambhoomi site. However, they had to apologise to the Supreme Court after one of the counsels representing them had questioned the credibility of ASI reports.

The Muslim side represented by Sunni Waqf Board had also strongly contested Hindus’ side arguments terming the birthplace of Lord Ram under the central dome as a legal entity.  Muslim parties have argued that and is not Swayambhu, self-existing, whereas Kailash Mansarovar is an accurate example of manifestation.

CJI Ranjan Gogoi has said that today by 5 PM the hearing of the case would have to be concluded.

Shariat rules: No Halal certification to Pantanjali because of ‘Gaumutra’, no products from NE because ‘they eat anything’

A raging controversy about Halal vs Jhatka meat erupted in India when the famous food-chain McDonald’s pronounced that it only served halal meat to its customers. Following this declaration, questions were raised for its total disregard of the customers wanting to have ‘jhatka’ meat. Now, another controversy seems to be in the offing as ‘Halal India’, the halal certification body in India refused to certify Patanjali products stating that animal urine is proscribed from being granted halal status and some of the Patanjali products have cow urine as one of their ingredients.

Read: What is Halal meat? Only Muslims allowed from slaughter to labelling must chant Bismillah Allahu Akbar or meat becomes ‘non-Halal’

Halal is not limited only to the meat industry, even vegetarian products apply for halal certification. A vegetarian food item with ‘halal’ stamped on it means that the product is ‘halal certified’ and it contains no ingredients forbidden for Muslims by Shariat law. It is mandatory for all products to be halal certified, both meat food items and vegetarian food for their sale in International markets, predominantly Muslim countries.

In this regard, OpIndia spoke to the officials of Halal India. Regarding the question about the recent debate where a lady residing in Australia found the halal stamp on a packet of refined wheat flour, the official advocated the halal mark on the packet saying that ‘Halal’ means ‘Permissible’, that is, something which is ‘allowed to be consumed’. He further added that people have a misconception that halal is only related to the manner in which an animal is slaughtered. He said that only those products who don’t affect the health of a human being are given ‘Halal Certificate’. That is those things which do not harm the human body by their consumption.

However, the question here is, who decides that? Whether it is decided according to Ayurvedic rules or whether it is evaluated on a scientific basis, which item should be ‘halal certified’ or not or whether the body will be harmed by its consumption. While defending his organization, the official of Halal India said made a stunning revelation that all these things are decided pursuant to the Islamic law. He made it explicit that ‘halal’ is an Arabic word, so it should be clear that things here are decided based on the rules of ‘Sharia law’. That is, the Islamic Sharia law determines which food items are harmful to the body and which are not.

The official of ‘Halal India’ cited the example of ‘Haldiram’ to further enunciate his point. Talking about the products of ‘Haldiram’ company, he claimed that the company makes around 600 products but people are not aware of all of its products. He said that all the products of ‘Haldiram’ are recognized by ‘Halal India’.

Haldiram uses potatoes to make chips. Potato is grown in the fields, from there it goes to the factory and all kinds of other ingredients are mixed into it and chips are manufactured. The Halal India official was then asked to explain the role of Halal India in granting halal certification to Haldiram chips.

The official of ‘Halal India’ replied saying that ‘colour ingredients’ are also added to such chips products, that give them a special colour. These ‘colour ingredients’ can be synthetic or may have been brought from a place which is not considered correct according to the rules of ‘halal’. The official stated that ‘flavouring agents’ are also added to give flavour, which again may or may not be infringing the halal rules. ‘Halal India’ believes that it is forbidden for both Hindus and Muslims to eat pork, so any product that has even the slightest quantity of pork can never be given a ‘halal certificate,” he declared.

Read: Halalonomics is a deeper conspiracy than it seems: OpIndia talks to Ravi Ranjan Singh, Chairman of Jhatka Certification Authority

Responding to the question on what about those people belonging to different religion who do not consider consuming pork as a taboo and have different eating habits, not necessarily in compliance with Islam, the official said that the organization believes that pork or products derived from it can be used in the manufacturing of other food products and therefore, that food items may not be granted a halal certificate. The official, while describing the process of giving the halal certificate to vegetarian foods, said that his officers visit the factories to find out where the raw materials are procured from and based on their findings, the organisation decides if the product is to be certified or not.

Speaking about the culinary preferences of the people living in North-east India, the Halal India official said that people of the North-East eat snakes, scorpions and even dogs. He asserted that ‘Halal India’ does not consider granting a halal certificate to the food items of the people of North-east states because “those people eat anything”. He said that oil extracted from pork is also used in medicines, but they too cannot be given ‘Halal’ certificate.

About the question regarding the eligibility of Ayurvedic products for recognition from Halal India authority, the official said, “Patanjali approached us to seek ‘Halal Certification’ for its products but due to the presence of some problematic ingredients in their products this certificate could not be given to Baba Ramdev’s ‘Patanjali’. Most of his products are compliant to halal but we have a strong objection over one or two products. Islamic rules say that any animal’s urine if it is in a product, cannot be given a halal certificate. Some of Patanjali’s products contain cow urine and that’s why ‘Halal India’ did not recognize them. If they process cow urine products in a separate factory, then other products can be given a halal certificate.”

Read: Halal certification of vegetarian products: It’s no longer about choice but making others pay for your beliefs

In addition to this, the official of Halal India also told that even products with camel urine cannot be given a halal certificate. When asked if Halal India is only mindful of the feelings of Muslims, the official responded saying that people of Jain religion also live in India and they also have many laws and regulations regarding food and drink. He said that Jain people do not eat onion-garlic and keeping this in mind, there is a separate ‘Regulation Authority’ to certify foods. Halal India does the same for Indian Muslims, he added.

Halal India performs the entire scrutinization process under the supervision of the Sharia Board. The official informed that other international institutions also recognize the food and products recognized by Halal India in their respective countries. Halal India has signed MoU (agreements) with several countries including Singapore, Dubai and Saudi. It represents itself as an organization affiliated to the Government of India.

Though Halal India claims that it places significant importance on factors such as health, examines food products if it adversely affects human body before awarding halal certificate, his claims fall flat when asked if a product that is healthy for human beings but defies Islamic rules and regulations. On the question of if a product is not harmful, but Islamic rules and regulations do not permit it, the official said that even if the product is beneficial to one’s health, people of other religions use it, but the sanction of the halal certificate will be decided according to Islam.

Opindia also approached Patanjali. A female official working at Patanjali confirmed that it had indeed approached Halal India for securing halal certificates for its products. She mentioned that on all their products it is explicitly mentioned whether cow urine is used as one of the ingredients but still they were denied from being granted halal certificates. Opindia also spoke in detail with ‘Doctor Jhatka‘ on the issue of halal being foisted upon people. He said that the halal-certified food is Islamic halal and it is in accordance with the Islamic beliefs but is wrongly projected as universal halal. He also added that far from offering people a legitimate choice to decide between halal and jhatka meat, the government treats jhatka in a discriminating manner and even the Indian parliament offers only halal-certified meat.

Despite job loss rumours, Parle’s net profit rises 15.2% to Rs 410 crores in FY19: Report

Parle Biscuits, owned by the Parle Group has registered a 15.2 % year-on-year growth in net profit for the financial year 2018-19. As per a report in Business Standard, business platform Tofler has reported that Parle Biscuits’ net profit for FY19 is at Rs 410 crores.

Parle was also one of the biscuit manufacturers in India who had earlier asked the government for a cut in GST rates. As per the report, Parle had recorded a 315 crores profit in the last financial year. With this fiscal year’s profits, they have seen a jump of 15.5%.

The total revenues of the company have grown 6.4% year on year to a total of 9030 crores. The revenue from operations alone have grown nearly 6 per cent to Rs 8,780 crore from the previous year and other incomes have jumped 26 per cent to Rs 250 crore in the current fiscal year.

It is notable here that in August, many news reports had indicated that Parle may have to lay off thousands of employees due to slow growth and falling demands for entry-level biscuits, especially after the announcement of 18% GST rates for biscuits.

There was also an outrage by some sections in social media over the reports of job losses, blaming the nation’s economy for Parle Biscuit’s ‘fate’ but Parle’s senior category head Mayank Shah had clarified that there have been no job losses at Parle yet and that the issue has been blown out of proportion by naysayers.

Shah had, however, stated that the 18% GST slab is hurting the Biscuit brands below Rs 100.

Dismissing the reports of downsizing at Parle Products, Shah had said that the job losses will be an eventuality if the sales of the basic biscuits category continue to decline. Once the category which used to grow at 10-12 per cent per annum is currently declined by 7-8 per cent.