Nation
Home Minister Shinde forced to eat his words, apologise in Rajya Sabha

Shinde while snapping at Jaya Bachchan for interrupting him said, his reply to the Assam violence issue is a serious matter and not the subject of a film, which angered other members

 
New Delhi: Home Minister Sushilkumar Shinde was on Thrusday forced to eat his words and apologise in the Rajya Sabha after he made unwarranted remarks about SP member Jaya Bachchan triggering an uproar, reports PTI.
 
Shinde was replying to a short duration debate on the Assam violence and Bachchan, a well known cine actress interrupted to say that the minister was not responding to specific queries raised by members.
 
"This is a serious matter. This is not the subject of a film," Shinde said snapping at Ms Bachchan for interrupting him.
 
Jaya Bachchan took serious objection to the home minister's comment and was joined by other members triggering an uproar in the House.
 
Leader of the Opposition Arun Jaitley said Bachchan is a distinguished celebrity and a member of the House and "as Home Minister of India, you cannot taunt her in this House. I will urge the Home Minister to make amends and withdraw comments so that the House can proceed".
 
Shinde initially persisted, saying that Bachchan was not doing the right thing by interrupting when the Home Minister was speaking in the house.
 
At this Jaitley sought the intervention of Tariq Anwar, who was in the Chair, asking for a deletion of Shinde's remarks if he was not willing to withdraw them.
 
Shinde then said, "If she is hurt by my comments, I apologise for that. She is my sister." The Home Minister maintained that he knew the entire Bachchan family and "I have great respect" (for them).
 
Significantly, the Home Minister concluded his reply abruptly amid protests by Opposition members that he had left important questions unanswered.
 
Taking a dig at Shinde for repeating what he had said on the issue in Lok Sabha yesterday, Balbir Punj (BJP) likened him to a student "who memorises his subject on the previous night and repeats the same regardless of the questions". Some members were heard shouting that Shinde should be sent back to his home state.
 
 
 
 

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COMMENTS

nagesh kini

5 years ago

In the Lok Sabha, the Leader of the Opposition Advani goofed with his "Illegitimacy" remark that the speaker had to order to be expunged if not retracted.
Now the amcha Shinde thought he could get away by beating about the bush in answering a valid question. Would it have made any difference if the question was posed by a criminally charged MP or a wrestler and not a film star?
The same Balbir Punj of BJP, in his response to why the MPs blow up crores in study tours abroad - why not when mantris,shantris and babus spurge why not allow the MPs? Any takers?

NPS fee hike to make pension fund management sustainable: IDFC

IDFC said, the proposal to raise fund management charges in NPS will sustain the pension fund industry in the long-run as all players are losing money with the current charges

 
Mumbai: IDFC, one of the fund managers of National Pension Scheme (NPS), said the proposed revision in fund management charges will help sustain the retirement fund industry in the long-run as all players are losing money under the present fee structure, reports PTI.
 
"The proposal to raise fund management charges in NPS will sustain the pension fund industry in the long-run as all players are losing money with the current charges," IDFC Chief Executive for Pension Funds Vikash Raj told reporters here.
 
He said as per the revised NPS guidelines, management charges will be revised soon, which is a welcome step.
 
At present, fund management fee is a dismal 0.0009% per Rs10 lakh in which all fund managers are losing money.
 
However, the revised guidelines have a provision for raising the commission with a cap provided by the pension fund regulator, PFRDA.
 
"If it (the charge) is fixed at around 0.25%, then the business model will be sustainable," Raj said.
 
Reacting to new norms about appointing any number of fund managers from the existing six, he said this would help in garnering a higher number of subscribers.
 
Total corpus of NPS, a contribution-based scheme launched in May 2009, is around Rs18,000 crore, majority of which is contributed by the public sector employees.
 
"As the number of players (fund managers) increase, this will help in raising the investor base," Raj said.
 
NPS, among the low-cost pension schemes in the world, has failed to take off among general public and private sector employees due to less awareness about the plan, he said.
 
"As awareness increases, the NPS is likely to become popular among the private sector employees and general public," he added.
 

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COMMENTS

SANJAY SINVHAL

5 years ago

If current NPS charges are low, then why are the MFs falling over each other to garner NPS business. They are free to leave this business rather than incurring so called losses. Infact, unlike MFs wherein fund houses have to print application forms, pay commission to agents, spend in Mktg & advtg etc, in NPS they get assured amount every month from employees. So why crib???

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