Tag: Union Finance Minister Nirmala

nipur Sitaraman

Oppo Shedding Crocodile Tears, For Manipur: Sitharaman

By LokMarg

Coming down heavily on the Opposition for not participating in the discussion on the Manipur issue and disrupting the Parliament, Union Finance Minister Nirmala Sitharaman on Monday said that the Opposition just shedding crocodile tears as they consider Manipur as a political issue.

“Opposition doesn’t want to participate in the discussion on the Manipur issue. Today when this issue was taken up in the Parliament, the opposition ran away from the discussion. Saddened by the behaviour of the opposition. Manipur is just a political issue for them (Opposition),” Nirmala Sitharaman said.
She said the government has agreed to discuss the Manipur ethnic violence in parliament, but the opposition has not allowed that to happen.

“They have been demanding discussion even under 176. The names of the Opposition leaders which are being followed in today’s list of business and for your sack, I recall the name: John Brittas, AD Singh, all respectable honarable members Professor Manoj Kumar Jha, Fouzia Khan, AA Rahim, Rajeet Ranjan, GC Chandrashekar, Phoolan Devi Netam, and Elamaram Kareem. They all are Opposition who wanted discussion under 176. Now on that 176 we have agreed and included all the names because they all wanted 176,” she said.

Opposition members have been seeking discussion under Rule 267 in the Rajya Sabha since the beginning of the monsoon session of Parliament on July 20.

She further said, “These are decided by the Chair and if anyone wants to ask why not under 267? I want to highlight that 267 is if there is any sense of urgency, yes it is such a sense of urgency but obviously eight days have gone. People have gone to Manipur and have come back, they have heard from the people of the state. Now we are meeting and talking about it . Now won’t they want to speak and what they heard in Manipur?”

While Rajya Sabha chairperson Jagdeep Dhankhar permitted a discussion for a “short duration” to be taken up on the situation in Manipur, the Opposition objected to it and demanded Prime Minister Narendra Modi’s presence in Parliament.

A group of MPs of the newly formed opposition grouping INDIA had visited Manipur for two days last week and interacted with  people in relief camps.

“Whatever they have heard they should put all that in the House. Why you all are hesitating? Today it was proved that they were just shedding crocodile tears on the Manipur issue. If they genuinely cared, then they would have discussed it,” she asked Opposition who went Manipur.

Parliament has not been able to function since the start of the Session on July 20, with the Opposition also demanding a statement by Prime Minister Modi in the House on the crisis.

The Opposition even brought a no-trust motion last week, in a bid to compel Prime Minister Narendra Modi to speak on the Manipur issue within the Parliament.

However, both Houses adjourned for the day amid sloganeering by Opposition MPs over the unrest in Manipur. (ANI)

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No Impact On India Due To FPO Pullout: Sitharaman On Adani Stock

No Impact On India Due To FPO Pullout: Sitharaman On Adani Stock

By LokMarg

Union Finance Minister Nirmala Sitharaman on Saturday said that regulators independent of the government will do their jobs and that a pullout of FPO pullout will not have any impact on the perception of India.

“Regulators are independent of the government and they are left to themselves to do what is appropriate so the market is well regulated,” the Finance Minister said while addressing a post-Budget 2023-24 conference in Mumbai on Saturday.
“This is not the first time that some FPO (follow-on public offering) is taken back. How many times that has affected the image of the country?”

On Wednesday, Adani Enterprises decided not to go-ahead with its fully subscribed Follow-on Public Offer (FPO), with the Group chairman Gautam Adani stating on Thursday that it would not be “morally correct” to go ahead with the Rs 20,000-crore share in the current market condition. A report by the New York-based short seller had on January 24, accused Adani Group of brazen stock manipulation and accounting fraud among others.

The US-based firm, in its report, raised concerns about shares of Adani group companies having a possibility of declining from their current levels, owing to high valuations. In response, Adani Group said Hindenburg’s report was not an attack on any specific company but a “calculated attack” on India, its growth story, and ambitions. It added the report was “nothing but a lie”.

In its rebuttal Hinderburg Adani has “stoked a nationalist narrative” that seeks to conflate the “meteoric rise and the wealth of its chairman, Gautam Adani, with the success of India itself.”

In today’s press conference in Mumbai addressing a query about Life Insurance Corporation of India (LIC)’s exposure to the Adani Group, the Union minister said, “LIC have themselves come on the issue about their exposure to the Company (Adani).”

The Finance Minister said the government wants to sustain the recovery which had kept India at a good level of growth.

“We want to sustain the recovery which had kept India at a good level of growth, which no country – except for one because it’s fuel rich – has managed to reach,” she said.

Sitharaman added, “…and the credit goes to the people of India to somehow absorbing all the little help the government has come up with, either in the form of relief or a policy between 2022 and today.” She added that this recovery momentum should not be lost.

The minister added, “It was an expressed desire of the Prime Minister that capital expenditure should be kept up and that is why it has reached Rs 10 lakh crore.”

On the purpose of her visit to the financial capital, the Union finance minister said that Prime Minister Narendra Modi had highlighted that it would serve well if the finance ministry goes all over the country and explain what is the idea behind the Budget.

“For the past three to four years we have started a process that we go to places post-budget and discuss the budget with stakeholders. Take their suggestions etc and include those suggestions into the amendments of the Budget. This was the first such outreach in Mumbai after this Budget,” the finance minister said. (ANI)

Read More: http://13.232.95.176/