It's an Indira Gandhi moment for PM Narendra Modi

March 12, 2017

New Delhi, Mar 12: Starting with his hyper-kinetic Lok Sabha campaign, Narendra Modi has unhesitatingly thrown himself in the line of fire in every ensuing state election, even at the risk of an adverse result being read as a sign of fading charisma. Morale-sapping losses in Delhi and Bihar in 2015 did not slow him down and he bounced back with a big win in Assam and a heartening performance in Kerala last year. But on many counts, the UP election was the one that really mattered.

Indira

In 2014, Modi had humbled Mandal parties that had so often cocked a snook at BJP, using his oratorial skills to good effect to present himself as a change agent who, despite his Gujarati origins, seemed at home in the heartland.

What added to the compelling drama that surrounds any election in the country's most populous state was Modi's huge political gamble of demonetising Rs 1,000 and Rs 500 notes in November, a decision that knocked 86% of available currency out of circulation. The UP election was billed both as a virtual referendum on demonetisation and a semi-final for the 2019 Lok Sabha elections. It called for all of Modi's skills as a communicator to counter a determined attack from political rivals and criticism by leading economists and intellectuals, some of whom saw the action as despotic and whimsical.

After transforming from the Hindu Hriday Samrat of Gujarat to Development Man in 2014, UP 2017 saw Modi again re-invent himself as a pro-poor welfarist. In the Indira Gandhi style, Modi in UP was the PM seeking to win a state election on the basis on his own persona, not through state leaders.

"One party wants to save its family , the other its party but only one party wants to save UP ," he thundered in Lucknow. "Our fight against corruption and black money won't stop." His personal popularity outstripping his party's, Modi was a one-man show in these polls.

Reaching out to the voter above the heads of the party , promising them a war against the rich, Modi in 2017 evoked Indira's bank nationalisation moment in 1969 when reining in the rich had become a vote winner with the poor.

Surveys by BJP in UP in November-end showed that 48% supported "notebandi". BJP leaders knew this level of endorsement would not sustain as the campaign unfolded but the move did seem to have captured the imagination of the poor. To some extent, it also enjoyed backing across caste lines. A key political constituency seemed to be forming around Modi, identifying him as a strong leader who could act against the interests of the rich and influential.

"There was some immediate distress due to notebandi. But people also saw how big contractors and local bigwigs were scampering to save their illegal money . The sullenness of those seen to deal in black money was proof that Modi had hit the right target," said a senior BJP MP from UP. BJP believes opposition parties like Congress miscalculated in attacking demonetisation as ineffective, and worse, systemic loot. The charge that BJP leaders were discreetly benefited did not damage the party, BJP leaders feel, because the PM's credibility as an untainted leader washed with the voters. Modi was able to manage public sentiment despite cash supplies normalising only gradually .

The decisive victory in UP cements Modi's standing not just as BJP's but also the country's tallest leader. Having led the party back to office in UP, he could well claim the mantle of the "saffron helmsman", the most popular leader from the Sangh corral since Atal Bihari Vajpayee. Some would argue that he has edged ahead of Vajpayee in popular reach, aided by technological advances like social media and the incessant TV coverage of his campaigns.

The effects of his knee replacements caught up with Vajpayee in his second stint as PM though he remained mentally agile. But the 2004 Lok Sabha campaign clearly brought out the limitations that his physical condition had imposed. In contrast Mo di is a relentless campaigner, fearlessly putting himself front and centre.

His decision to pull out the stops in Varanasi is being hailed as a courageous move.BJP MPs feel that more than this being a case of the PM rightfully according priority to his seat, his move reflects a risk-taking ability and a preparedness to throw his all into an election. "He is not particularly bothered that campaigning hard will be read as a failing if the results are not satisfactory . He would rather argue that there should be no room for regret," said an MP.

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April 20,2024

Union Finance Minister Nirmala Sitharaman, on Friday, said that the Bharatiya Janata Party (BJP) plans to reintroduce electoral bonds in some capacity following extensive consultations with all stakeholders, should it come back to power in the 2024 general elections, according to a report in the Hindustan Times (HT).

HT cited Nirmala Sitharam as saying, “We still have to do a lot of consultation with stakeholders and see what is it that we have to do to make or bring in a framework which will be acceptable to all, primarily retain the level of transparency and completely remove the possibility of black money entering into this.”

However, the Centre has not yet decided whether to seek a review of the ruling made by the Supreme Court (SC), she said.

She further added, “What the scheme, which has been just thrown out by the Supreme Court, brought in was transparency. What prevailed earlier was just free-for-all.”

Launched in 2018, electoral bonds were accessible for acquisition at any State Bank of India (SBI) branch. Contributions made through this programme by corporations and even foreign entities via Indian subsidiaries received full tax exemption, while the identities of the donors remained confidential, safeguarded by both the bank and the recipient political parties.

On February 15, a five-judge Constitution Bench struck down the scheme, deeming it ‘unconstitutional’ due to its complete anonymisation of contributions to political parties. Additionally, the Bench stated that the articulated objectives of curbing black money or illegal election financing did not warrant disproportionately infringing upon voters’ right to information.

FM Sitharaman said, some aspects of the scheme need improvement and they will be brought back following consultations.

She also lashed out at the Opposition’s claims that the BJP disregarded criminal charges against leaders who switched from other parties to join the ruling party.

The HT quoted her as saying, “The BJP can’t sit here and say, you come to my party today, and the case will be closed tomorrow. The case has to go through the courts that have to take a call; they will not just say, “Oh, he’s come to your party, close the case.” Doesn’t happen that way. So is this washing machine a term they want to use for the courts?”

She further said that the Union government plans to simplify the process of taxation and make it easy for investments to come through into the country.

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April 13,2024

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New Delhi: Seventeen Indians are on board an Israeli-linked container ship that has been seized by the Iranian military amid heightened tensions between Iran and Israel.

Official sources said India is in touch with Iranian authorities through diplomatic channels, both in Tehran and in Delhi, to ensure the welfare and early release of the Indian nationals.

The Iranian action came amid increasing fears that Tehran may launch an attack on Israeli soil in retaliation to a strike on the Iranian consulate in Syria 12 days ago.

"We are aware that a cargo ship 'MSC Aries' has been taken control by Iran. We have learnt that there are 17 Indian nationals onboard," said a source.

"We are in touch with the Iranian authorities through diplomatic channels, both in Tehran and in Delhi, to ensure security, welfare and early release of Indian nationals," it said.

Reports said Iran's Islamic Revolutionary Guards seized MSC Aries on Saturday morning when it was sailing through the Strait of Hormuz.

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April 17,2024

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New Delhi: Searches conducted by the Enforcement Directorate (ED) under the anti-money laundering law rose by 86 times while arrests and attachment of assets jumped by around 25 times in the ten years since 2014 compared to the preceding nine-year period, according to official data.

An analysis of the data by PTI for the last ten years, between April 2014 and March 2024, against the nine years from July 2005 to March 2014 presents a picture of the federal agency's "intensified" action under various sections of the Prevention of Money Laundering Act (PMLA).

The PMLA was enacted in 2002 and implemented from July 1, 2005, to check serious crimes of tax evasion, generation of black money and money laundering.

While the opposition parties have alleged that the ED's action during the last decade was part of the BJP-led central government's "oppressive" tactics against its rivals and others, the Union government and the ruling party have asserted that the agency is independent and its investigations were purely based on merit and under the mandate to act against the corrupt.

The ED booked as many as 5,155 PMLA cases during the last ten years as compared to a total of 1,797 complaints or Enforcement Case Information Reports (ECIRs or FIRs) filed during the preceding period (2005-14), a jump of about three times, the data said.

The data shows that the agency also got its first conviction starting the 2014 fiscal and it has, till now, got 63 persons punished under the anti-money laundering law.

The ED conducted 7,264 searches or raids in money laundering cases across the country during the 2014-2024 period as compared to just 84 in the preceding period - a jump of 86 times.

It also arrested a total of 755 people during the last decade and attached assets worth Rs 1,21,618 crore as compared to 29 arrests and Rs 5,086.43 crore worth of attachments respectively during the last compared period, the data stated.

The arrests are 26 times more, while figures related to the attachment of properties are 24 times higher.

The agency issued 1,971 provisional attachment orders for various types of immovable and movable assets during the last decade as compared to 311 such orders taken out in the preceding comparable period.

It got about 84 per cent of the attachment orders confirmed from the Adjudicating Authority of the PMLA during 2014-24 as compared to 68 per cent confirmations from the same authority during the last compared period.

The filing of charge sheets also saw a jump of 12 times in the last decade with 1,281 prosecution complaints filed by it before courts as against 102 during the preceding period.

The data said the ED secured conviction orders in 36 cases from various courts leading to the prosecution of 63 persons and a total of 73 charge sheets were disposed of during the last decade.

No conviction was obtained by the agency nor any charge sheet was disposed of under the anti-money laundering law during the 2005-14 period, according to the statistics.

The agency also got the court's permission to confiscate assets (attached as proceeds of crime under the PMLA) worth Rs 15,710.96 crore and it also restituted properties (including bank funds) of Rs 16,404.19 crore (out of the total amount under confiscation) during the last decade.

As there were no convictions during the preceding nine-year period, no confiscation of assets and resultant restitution could take place, as per the data.

The ED is also empowered to seize cash under the PMLA and the data said the agency froze more than Rs 2,310 crore worth of Indian and foreign currency during the last ten years as compared to a figure of Rs 43 lakh during the preceding period.

The agency also got notified a total of 24 Interpol red notices for apprehension of various accused who left India and hid in foreign shores and sent 43 extradition requests during 2014-24.

No such action was taken by the agency during the preceding period.

Four persons were extradited to India during the last ten-year time period while similar orders were secured against businessmen Vijay Mallya, Nirav Modi and Sanjay Bhandari. The three are based in the UK and the ED is trying to bring them back to the country as all the accused are contesting the orders issued against them.

"These statistics reflect the intensive drive that the ED has undertaken to check money laundering crimes," an agency official said.

The ED investigates financial crimes under two criminal laws -- the Prevention of Money Laundering Act (PMLA) and the Fugitive Economic Offenders Act (FEOA) -- apart from the civil provisions of the Foreign Exchange Management Act (FEMA).

The FEOA was enacted by the Narendra Modi government in 2018 to cripple those who are charged with high-value economic frauds and abscond from the country to evade the law.

The ED, as per the data, filed a total of 19 such applications before the designated special PMLA courts in the country following which 12 persons have been declared fugitive economic offenders.

It also confiscated assets worth Rs 906 crore under the said law by the end of the last fiscal on March 31.

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