RSS worker murder: Kerala CM Pinarayi Vijayan meets BJP, RSS leaders over growing cases of violence in state

RSS worker murder: Kerala CM Pinarayi Vijayan meets BJP, RSS leaders over growing cases of violence in state

Head of Government of Kerala, Pinarayi Vijayan today convened a meeting with BJP-RSS leaders in the State in the context of recent political violence and the murder of an RSS worker here.

BJP Vital president, kummanam rajasekharan, former union minister and MLA, O Rajagopal and RSS leader, G Gopalankuttyare, attended the meeting with the head of government. The Secretary of State of the PCI (M) Kodiyeri Balakrishnan also at the meeting.

When the Prime Minister came to the appointment, a group of members who were present TV to take video footage before the start of the meeting was questioned by Vijayan to leave.

On Tuesday, the governor of Kerala, P Sathasivam, had convened the Prime Minister and DGP Loknath Behara about the incident. The Minister assured that he would meet with the leaders of the BJP state and RSS.

Vijayan and the DGP met with the governor separately after being summoned by Raj Bhavan to determine the following measures recent violent incidents, including the murder of 34-year-old Rajesh on July 29.

The state had witnessed a series of violent incidents involving workers BJP-RSS and CPI-M, with the capital district, killed by the bombing of incidents against rival houses of revelers in recent days.

The BJP state office was destroyed on July 28, when stones were thrown at the home of Kodiyeri Balakrishnan’s son, Bineesh Kodiyeri, Minister of State (M). Rajesh was murdered by a machete-driven story-rolling band here on Saturday.

His left arm was severed and there were several injuries along his body. The BJP had requested hath sunrise until dusk last year in protest of the incident. Police said seven people, including the first accused Manikandan, historian, were arrested in the killing of RSS workers.

It was said that the attack was due to personal enmity between Manikandan and the victim during the last half year. Yesterday, Union Minister Rajnath Singh spoke with the Chief Minister and expressed concern about the attacks on political workers in Kerala and said that political violence was unacceptable in a democracy.

While state President BJP, kummanam rajasekharan, claimed that the PCI (M) was behind the attack, district chief PCI (M) denied the party’s role in the attack. The Secretary of State of the PCI (M) Kodiyeri Balakrishnan said that the murder of RSS worker was a fallout from personal rivalry and his party had nothing to do with it.

However, Rajasekharan claimed that the CPI-M was trying to eliminate its political opponents and urged them to refrain from violence. The opposition Congress noted a swift Kozhikode yesterday to protest against the politics of violence.

Sharad Yadav on Nitish Kumar joining hands with BJP: Don’t agree with decision, it’s unfortunate

Sharad Yadav on Nitish Kumar joining hands with BJP: Don’t agree with decision, it’s unfortunate

Ending their silence on Nitish Kumar in alignment with the BJP in Bihar, top leader of the JD (T) MP Sharad Yadav describes the turn events as “regrettable” and said that the mandate given by the people was violated.

Speaking to reporters in front of the Parliament Monday Yadav said: “I do not agree with the decision in Bihar, it is unfortunate mandate of the people were not for that.”

Reports have suggested that the veteran leader was annoying Nitish who broke the big alliance with the RJD and Congress. He declined to make statements to the media last week when Nitish has his papers. Sourcis in the match at The Indian Express that Yadav was “totally against” Nitish’s decision to return to the roof of the AIN.

In recent days, Yadav met with several opposition leaders at this residence in Delhi. He learned to say that he was “deeply wounded” with the ropes of Nitish breaking up and entering into alliance with the BJP in a moment
The unity of the opposition was more necessary.

Yadav, however, attacked the government led by the BJP in the Panama Center documents and public initiatives. “Neither the black money withdrawn abroad is not income, one of the main [] slogans of the party in power or one that has been surprised by those who have been named in the newspapers of Panama,” It has been written on Twitter .

Earlier on June 29, tweeted: “Although Government picks up the number of cessation in [the] name of various public services, but sees no improvement in any area in the country”

July 28: “Ultimately, our power source used for any social cause, as government intends to save its transitional assets in the electricity sector, but the power supply was disinterested without heart.”
On July 27, Yadav had given up on the central government’s crop insurance scheme.

“Among others, Fasal Bima Yojana is another unsuccessful [government] system according to which only private insurance companies benefit. Fasal Bima Yojana is a big failure because farmers do not know insurance, but the premium is deducted from their Loans, the benefit applies only to insurers, “he said in two tweets.

Bank Audit Special Regulatory Treatment for Asset Classification

Reserve Bank of India has stipulated special regulatory frame work for asset classification, in modification to guidelines as enumerated in para 6 above. This special treatment will be available to the borrowers engaged in important business activities, subject to compliance with certain conditions as enumerated herein and is not extended to the following categories of advances:

  1. Consumer and personal advances;
  2. Advances classified as capital market exposures;
  • Advances classified as commercial real estate exposures

Thus benefit of special regulatory frame work would be available subject to compliance of conditions stipulated in the paragraph 7.1 below. If these conditions are not complied then guidelines as discussed in para 6 would apply to restructured accounts.

  • Elements of special regulatory framework

The special regulatory treatment has the following two components:

  • Incentive for quick implementation of the

restructuring package.

As an incentive for quick implementation of the package, if the approved package is implemented by the bank as per the following time schedule, the asset classification status may be restored to the position which existed when the reference was made to the CDR Cell or when the restructuring application was received by the bank.

  • Within 120 days from the date of approval under the CDR Mechanism.
  • Within 120 days from the date of receipt of application by the bank in other cases.
  • Retention of the asset classification of the restructured account in the pre­restructuring asset classification category Subject to the compliance with the

undernoted conditions in addition to the adherence to the prudential framework laid down in para 6 above,

  • An existing ‘standard asset’ will not be downgraded to the sub-standard category upon restructuring.
  • During the specified period, the asset classification of the sub-standard/doubtful accounts will not deteriorate upon restructuring, if satisfactory performance is demonstrated during the specified period.

These benefits will be available subject to compliance of the following conditions:

  1. The dues to the bank are ‘fully secured’ by tangible assets except in the following

cases:

  1. SSI borrowers, where the outstanding is up to ?25 lakh.
  2. Infrastructure projects, provided the cash flows generated from these projects are adequate for repayment of the advance, the financing bank(s) have in place an appropriate mechanism to escrow the cash flows, and also have a clear and legal first claim on these cash flows.
  3. The unit becomes viable in 8 years, if it is engaged in infrastructure activities, and in 5 years in the case of other units.
  • The repayment period of the restructured advance including the moratorium, if any, does not exceed 15 years in the case of infrastructure advances and 10 years in the case of other advances. The aforesaid ceiling of 10 years would not be applicable for restructured home loans; in these cases the Board of Directors of the banks should prescribe the maximum period for restructured advance keeping in view the safety and soundness of the advances.
  1. Promoters’ sacrifice and additional funds

Promoter’s personal guarantee should be obtained
in all cases of restructuring. Corporate guarantee
cannot be accepted as a substitute for personal
guarantee. However, the same can be accepted
in cases where promoters of a company are not
individuals.

 

Bank Audit Asset Classification to be borrower-wise and not facility-wise

  1. The increase in scope and size of the project takes place before commencement of commercial operations of the existing project.
  2. The rise in cost excluding any cost-overrun in respect of the original project is 25% or more of the original outlay.
  • The bank re-assesses the viability of the project before approving the enhancement of scope and fixing a fresh DCCO.
  1. On re-rating, (if already rated) the new rating is not below the previous rating by more than one notch.
  • Exceptions/ Clarifications
  • Accounts with temporary deficiencies:

An account should not be classified as NPA, if the deficiencies like non-submission of stock statement, non-renewal of facility in the account are temporary in nature, etc. RBI’s guidelines in this regard are as under:

  1. Drawing power is required to be arrived at based on the current stock statement.

However, considering the difficulties of large borrowers, stock statements relied upon by the banks for determining drawing power should not be older than three months. The outstanding balance in the account based on drawing power calculated from stock statements older than three months, would be deemed as irregular. A CC/OD account would become NPA if such irregular drawings are permitted in the account for a continuous period of 90 days. For example, if borrower is allowed drawing on the basis of stock statement of August 2014 for next three months, then it would be irregular from December 2014. If the borrower does not submit fresh stock statement then the account would become NPA in March 2015.

  1. An account, where the regularladhoc credit limits have not been reviewed/renewed within

All the facilities granted by a bank to a borrower
and investment in all the securities issued by the
borrower will have to be treated as NPA/NPI and not
the particular facility/investment or part thereof
which has become irregular. However, there are few
exceptions to this guideline.

180 days from the due date/date of adhoc sanction, will be treated as NPA.

  • Asset Classification to be borrower-wise and not facility-wise

All the facilities granted by a bank to a borrower and investment in all the securities issued by the borrower will have to be treated as NPA/NPI and not the particular facility/investment or part thereof which has become irregular. However, there are following exceptions to this guideline:

  1. Under the on-lending system, only that particular credit facility granted to PACS/FSS which is in default will be classified as NPA and not all the credit facilities sanctioned to a PACS/ FSS.
  2. Any amount, representing positive mark-to- market value of the foreign exchange derivative contracts (other than forward contract and plain vanilla swaps and options) that were entered into during the period April 2007 to June 2008, which has already crystallised or might crystallise in future and is/becomes receivable from the client, even if overdue for a period of 90 days or more, will not make other funded facilities provided to the client, NPA on account of the principle of borrower-wise asset classification, though such receivable overdue for 90 days or more shall itself be classified as NPA, as per the extant IRAC norms.
  3. In respect of additional facilities sanctioned under the rehabilitation package approved by BIFR, classification norms will become applicable after a period of one year from the date of disbursement, e., additional facility can be treated as standard upto one year from the date of disbursement.
  • Advances under consortium arrangements

Asset classification of accounts under consortium should be based on the record of recovery of the individual member banks and other aspects having a bearing on the recoverability of the advances. Where the remittances by the borrower under consortium lending arrangements are pooled with lead bank and the lead bank is not parting with the share of other member banks, the account will be treated as not serviced in the books of the other member banks and therefore, be treated as NPA. If the bank is able to arrange to get their share of recovery transferred from the lead bank or get an express consent from the