Citizens' Issues
DLF says Kejriwal making allegations 'out of hat' for publicity

According to DLF, Kejriwal has become like any other politician just going on throwing mud without even realising whether it is adding value or not 

Mumbai: Rejecting Arvind Kejriwal's allegations that DLF favoured Robert Vadra, the real estate company said that the social activist-turned politician was making these charges "out of hat" to gain publicity, reports PTI.
Kejriwal has alleged that DLF gave interest free unsecured loan of Rs65 crore to Robert Vadra's companies and also sold properties to him at throw-away price. He has charged that the Haryana government favoured DLF by allotment of land.
"These are some of the allegations coming out of the hat. Everyone wants to be popular so how to become popular. He (Kejriwal) is a politician today. He has become like any other politician just going on throwing mud without even realising whether it is adding value or not," DLF Commercial Developers Managing Director Ramesh Sanka told PTI when asked about the allegations by activist.
Sanka, who was earlier group Chief Financial Officer, noted that in the realty business it was a normal practice to give advances to land owners for buying the land.
"He (Kejriwal) is talking about Rs65 crore. He is even questioning that will you give advances and keep it for two years, so the answer is yes," the DLF official said.
Sanka said the company had disclosed in its IPO document about the thousand of crores advances that the company has given for buying land.
Refuting the charges by Kejriwal, Sanka said: "I was the group CFO and I was filing the compliance certificate. Come anything under the world nobody can get me signed a non-compliance deal. Once I have signed it, let 10 Kejriwals come they cannot find fault that much confidence I have".
Last week, DLF had issued a statement refuting allegations that it had given unsecured loans to Vadra as a 'quid pro quo' for favours and said it had transparent dealing with him as an individual entrepreneur.
The company had said it gave Rs65 crore as "business advances" out of which Rs15 crore was fully refunded and Rs50 crore was used for purchase of land. It had also dismissed the charge that the company sold properties to Vadra and his companies at a throwaway price.


India exports dip 11% to $23.69 billion in September

While exports continue to decline for the fifth month by 11% to $23.7 billiion, imports in September rose 5% to $39.8 billion, resulting in a trade deficit of $18 billion

New Delhi: India's exports continued to decline for the fifth month, contracting 10.8% to $23.69 billion in September due to slowdown in the western economies, reports PTI.
The exports in September 2011 had totalled $26.56 billion.
However, imports grew by 5% to $41.77 billion from $39.75 billion in September 2011, resulting in a trade deficit of $18 billion for the month.
The decline in the country's shipments comes amid India's economic growth slipping to 5.5% in the first quarter of this fiscal and subdued industrial output.
In April-September, too, the exports dipped by 6.79% to $143.6 billion from $154.1 billion in the same period last year.
During the first six months of the fiscal, imports contracted by 4.36% to $232.92 billion. Trade deficit during the period stood at $89.25 billion.
Oil imports during September increased 30.74% to $14.09 billion from $10.77 billion in the corresponding period last year. Oil imports during April-September 2012-13 grew by 6.78% to $80.78 billion.
Non-oil imports during the month under review dipped 4.46% to $27.68 billion. During the first six months of the fiscal, the imports contracted by 9.38% to $152.14 billion.


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