SUNDAY 2 SEPTEMBER 2018 WARANGAL | PAGES 20 | `5.00 www.thehansindia.com H Simultaneously published from Hyderabad | Warangal | Tirupati | Amaravati | Visakhapatnam | Khammam | Kurnool | Delhi H GURUS OF THE CELLULOID Cinema thrives on drama and the dynamics between a teacher and a student make for intense, emotional narratives as the innumerable and memorable ﬁlms on the subject prove Modi blames Cong for bad loan mess LAUNCHES INDIA POST PAYMENTS BANK School children participate in a 'Dahi Handi' event on the eve of Janmashtami festival Note ban Modi govt’s biggest bungling T he RBI, said to be an independent body on the lines of Election Commission, and its reticent boss Urjit Ravindra Patel remained mere mute spectators when PM Modi took to the television screens at 8 pm on November 8, 2016 and announced his 'grandiose' plan to scrape high-value currency notes, a decision that went on to create 'currency chaos' and haunted the country for several months. S P9 New Delhi: Launching an all-out attack on the Congress, Prime Minister Narendra Modi on Saturday pinned the blame on the previous UPA government and its ‘phone-aloan scam’ for the bad loans in the banking sector and insisted that every penny given at the behest of ‘namdars’ (dynasts) will be recovered. While addressing a gathering at the launch of India Post Payments Bank (IPPB) at Talkatora Stadium in the national capital, PM Modi claimed that it took just one call for banks to lend crores of rupees to businessmen close to “one family”. “Four-ﬁve years back, a majority of funds with the banks were reserved only for those close to one family,” he said. “Loans were given on phone calls made by ‘namdars’ (dynasts),” Modi added, without referring to anyone’s name. Stating that lenders were compelled to restructure the debt when the borrowers defaulted, the prime minister accused the UPA government of hiding the extent of non-performing assets (NPAs). “Against Rs 18 lakh crore loans given Against Rs 18 lakh crore loans given since Independence to 2008, the ﬁgure rose to an astronomical `52 lakh cr in six years thereafter Prime Minister Narendra Modi addressing a gathering after the launch of India Post Payments Bank in New Delhi on Saturday since Independence to 2008, the ﬁgure rose to an astronomical Rs 52 lakh crore in six years thereafter,” he said. The PM also charged the previous UPA government of “putting the economy on a landmine”. “Our government brought out the true picture of NPAs and the scam of the previ- ous government,” he said. While claiming that no defaulters were sanctioned loans ever since his government came to power in 2014, Modi said, “Since coming to power in 2014, the NDA government has analysed the enormity of the situation and asked banks to strictly recover dues. During the last four years, all loans in excess of Rs 50 crore have been reviewed and ensured that terms are strictly complied with. Every penny of loans given at the behest of ‘namdars’ (dynasts) will be recovered.” He added, “We never gave any loans to any of the 12 big defaulters.” The IPPB seeks to leverage the expansive network of the postal department to ensure ﬁnancial inclusion for the masses. The payments bank, where the Indian government holds 100 per cent equity, will leverage the vast network of the Department of Posts (DoP) that has more than three lakh postmen and Grameen Dak Sewaks. All the 1.55 lakh post offices in the country will be linked to the IPPB system by December 31, 2018. IPPB will, hence, signiﬁcantly augment the reach of the banking sector in India. Panghal outwits Olympic champ to claim India’s only boxing gold Rajyogini Dadi Janki to open versatile service facility today Hyderabad: Rajyogini Dadi Janki, who is just back from international travel, would be inaugurating the Versatile Service Facility to Specialised Groups called “Inner Space” at Shanti Sarovar in Gachibowli as part of Golden Jubilee celebrations on Sunday. The 102-year-old administrative head of worldwide Brahma Kumaris centres will also meet heads of different cross sections of the people in Hyderabad on the occasion and address a public meeting in the evening. She is considered the most powerful spiritual leader in the country. S P5 Gold-medallist India's Amit Panghal during the presentation ceremony for Men's light ﬂy (46-49kg) boxing at the 18th Asian Games 2018 in Jakarta on Saturday Bonanza for Telangana power staff OUR BUREAU Hyderabad: It is a big bonanza for employees of power utilities in Telangana. Chief Minister K Chandrasekhar Rao on Saturday announced a 35 per cent pay revision for the employees of all electricity utilities in the state. The CM has also announced a comprehensive health scheme on par with state government employees for the entire staff of the utilities which come under the Energy department. Addressing a gathering of power utilities' employees at Pragati Bhavan, • KCR announces 35 pc pay revision • Declares comprehensive health scheme he praised the workers for extending their services to achieve surplus status in the power sector and ensuring round the clock power supply to all sectors in a matter of four years. The supply of 24-hour power supply to agriculture is not possible without the support of utility employees, he added. “TS Genco and TS Transco chairman D Prabhakar Rao dis- cussed the pay revision commission issue with me. He told me that PRC recommended a pay revision at 32 per cent and as the last PRC was 30 per cent. He wanted the new PRC should not be less than 30 per cent and I am announcing 35 per cent PRC,” KCR said amidst loud cheers from the gathering. He also instructed the top officials of the Energy department to formu- KCR addressing a gathering of power utilities' employees at Pragati Bhavan in Hyderabad on Saturday late a liberal health scheme removing the cap on medical expenses. At present, the employees are availing only Rs 3 lakh medical beneﬁt under the existing health scheme. The regularization of services of Bill Collectors and other staff working on contract basis and the recruitment of new staff to look after the new electricity sub stations will also be done in a phased manner. He held former CM of united Andhra Pradesh N Chandrababu Naidu responsible for the appointment of staff on contract and outsourcing system in the power sector. EARLY POLLS, PRC TO TOP CABINET MEET KCR likely to seek nod to dissolve Assembly OUR BUREAU Hyderabad: As part of making the Telangana Rashtra Samiti (TRS) battle-ready for early elections, Chief Minister K Chandrasekhar Rao is expected to take six major decisions in the cabinet meeting to be held on Sunday. They include the crucial decision of dissolving the state Assembly, announcing PRC and IR to government employees, hike in pensions and sanction of new posts under the new zonal system. The cabinet is also expected to take a decision on more sops to BCs, SCs and STs besides some forward communities who are economically poor. Top sources said KCR is likely to discuss in detail with his cabinet colleagues the proposal to dissolve the Assembly. Since it requires a collective decision of the state cabinet, the CM may seek the ministers’ nod to dissolve the House. If the cabinet takes the decision to go for early elections, Sunday’s cabinet meeting will be the last one for the TRS government. Once the cabinet ratiﬁes KCR’s proposal to dissolve the Assembly, the TRS supremo will announce the same later in the day in the public meeting – Pragati Nivedana Sabha, to be organised on the outskirts of Hyderabad and sound the poll bugle from its dais. The longpending announcement of PRC and IR (Interim Relief ) is included in the agenda of the cabinet meeting. Continued on Page 4 Stage set for Pragati Nivedana Sabha today MAHESH AVADHUTHA Hyderabad: Stage is set for the biggest-ever TRS public meeting - Pragati Nivedana Sabha with a gathering of people in lakhs on Sunday. Chief Minister K Chandrashekhar Rao in his two-hour long speech will showcase his government’s performance during the last four and half years. Apart from making elaborate arrangements with regard to security and food supply, special medical teams have also been deployed at the venue in Kongara Kalan on the outskirts of Hyderabad. Continued on Page 4 Jain monk Tarun Sagar passes away New Delhi: Jain monk Tarun Sagar passed away at a temple here on Saturday after a prolonged illness, an official said. He was 51. Sagar, who was suffering from jaundice and other ailments, breathed his last at around 3 am at the Radhapuri temple here, a temple official said. President Ram Nath Kovind and Prime Minister Narendra Modi expressed grief over his demise. "Sad to hear of the passing of Jain Muni Shri Tarun Sagar Ji Maharaj. Our country has lost a wellrespected spiritual leader. My condolences to his countless followers," Kovind tweeted.
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