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HomePlugged InHeadlines catch up with ever-growing rift between the RBI and Modi government

Headlines catch up with ever-growing rift between the RBI and Modi government

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The tensions between the Reserve Bank of India and the government don’t seem to be easing. In a fresh attack on the RBI, finance minister Arun Jaitley criticised the RBI for looking the other way “when banks indulged in indiscriminate lending”, reports The Indian Express. It further writes, “Jaitley’s remarks came hours before he was to chair a meeting of the Financial Stability and Development Council that was attended by RBI Governor Urjit Patel…” The Economic Times reports on its front page about the factor that could have triggered the public spat between the RBI and the government. For the first time, a provision of the RBI Act, which empowers the government to issue orders to the RBI governor in “public interest”, has been used. Without stating when exactly the letters were sent, the newspaper writes: “ET has learnt that separate letters have been sent to the RBI governor in recent weeks — exercising powers under this section — on issues ranging from liquidity for NBFCs, capital requirement for weak banks and lending to SMEs.” Business Standard reports that the differences between the RBI and the government were visible again in the FSDC meeting “when they disagreed on the liquidity situation in non-banking financial companies (NBFCs) and the need for a separate payments regulator.”

In a meeting with the business community, professionals and journalists in Indore, Congress president Rahul Gandhi asserted that “the Congress was a party of Hinduism and that he is a nationalistic leader”, reports The Hindu. Surprisingly, out of all the major English papers, The Hindu is the only one to put the news on the front page, while The Times of India put the news on page 16 and Hindustan Times on page 13. The Times of India writes, “Rahul backs Congress on bar on women’s Sabarimala entry”. Hindustan Times’s headline reads “Will change GST structure if we come to power: Rahul Gandhi”

The news on the front pages of all the major English dailies today is the death of a journalist and two policemen in a Maoist attack in Dantewada district of Chhattisgarh. The Hindu reports “Achyutananda Sahu, 34, was on his way to Nilavaya village on a motorcycle to cover the inauguration of a polling booth set up after 20 years in the LWE-affected area.”

The Editors Guild of India issued a statement urging “the law enforcement agencies in the state to provide necessary security and protection to the media professionals particularly when they are on election coverage duty”. Quoting a senior police official, The Indian Express writes, “At around 10.30 am, near Neelavaya village, a team of over 100 Maoists ambushed the group, and opened indiscriminate fire. The exchange of fire lasted for over an hour, and in that time these deaths occurred”.

A National Investigating Agency court Tuesday framed charges against the seven accused, including Lt Col Purohit and Sadhvi Pragya Singh Thakur in the Malegaon blast case, which took place ten years ago, reports The Indian Express. Most English dailies have put the news on their front pages, the only exception being Hindustan Times. Quoting the court order, The Hindu writes, “The Abhinav Bharat organisation was formed with the common object to spread terrorism and a bomb with RDX was planted on a motorcycle in Malegaon that killed six, injured 101 people and destroyed property.”

Meanwhile, PM Modi has published yet another op-ed on the ‘Statue of Unity’ commemorating Sardar Vallabhbhai Patel. “If India is known for a vibrant cooperative sector, a large part of the credit goes to Sardar Patel,” he writes in a piece published by all but The Hindu today.

Prime Time

Death of a journalist in Dantewada

Republic TV anchor Arnab Goswami discussed why political organisations are silent on the death of two policemen and a journalist in Dantewada. A Maoist ambush on 30 October killed Doordarshan cameraman Achyutananda Sahu and two policemen in Chhattisgarh’s Dantewada district. BJP spokesperson Gaurav Bhatia said that Maoist terrorism is going to end soon. ANI editor Smita Prakash called the killing of the journalist “a trap”.

Bhatia said, “The entire Maoist gang is on its last legs and we’ll ensure it ends. The problem is that parties like the Congress come out and support these urban naxals.”

Prakash commented, “It wasn’t just a killing. A few days ago a top Maoist leader had invited journalists, to come and talk to them and get their view. It was a trap, it was an ambush.”

Air Pollution in Delhi gets worse

India Today anchor Rajdeep Sardesai discussed whether the pollution in the national capital was getting worse. Bhure Lal, chairman of the Environment Pollution Control Authority (EPCA) said that if air pollution reaches emergency levels, private transport will have to be temporarily stopped. Academician Ramanan Laxminarayan said that the air pollution problem plagues entire north India. Centre for Science and Environment head Anumita Roy Choudhary said that the policies to fight against air pollution should be taken seriously.

Laxminarayan said, ” If you see satellite images, you will find that all across north India one can see black smoke.”

Choudhary commented, “Implementation of policies to fight against air pollution should take place in a large scale and time-bound manner.”

News its kinda cool to know

According to WWF’s “Living Planet” report which studied more than 4,000 species, 60 per cent of all animals with a backbone — fish, birds, amphibians, reptiles and mammals were wiped out between 1970 and 2014 as a result of human activity.

“The situation is really bad, and it keeps getting worse,” said WWF International Director General Marco Lambertini, reports Agence France-Presse.

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