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Major News and Events of 26 September 2018

What Happened on 26 September 2018


26 September 2018 Current Events Rahul Gandhi's emotional promise on Rafale

Rahul Gandhi gave an emotional twist to Congress's attack on BJP over Rafale jet deal controversy. He recently tweeted offering consolation to the soldiers and those who worked for HAL promising justice in the alleged corruption in the massive deal of $8.6 billion for 36 Rafale fighter jets from France. He added images of war memorial Amar Jawan Jyoti at India gate for effect.

Congress blamed PM Narendra Modi for confirming the deal not following an impartial process and benefitting Anil Ambani whose firm became dassault's offset partner in India. Mr Hollande's admission acted as an impetus for the opposition's attack.

BJP denied opposition's blames by saying that the party has run out of issues to blame the government, hence forcing up the Rafale issue to get political lead.


Arun Jaitley comments on Raghuram Rajan's remark on MSME sector

Finance Ministe Arun Jaitley mentioned about former RBI governor Raghuram Rajan's remarks stating that the micro, small and medium sector (MSME) lending will be the cause for next banking crisis.

"I think for anyone to do postmortem is easier than action when it was required," Mr. Jaitley commented on Mr Rajan's veiw about MSME being the reason for next banking crisis. Mr Rajan added “The Credit Guarantee Scheme for MSME run by Small Industries Development Bank of India is a growing contingent liability and needs to be examined with urgency," adding that a list of high profile cases of banking frauds was sent to Prime Minister's Office (PMO).

Mr. Rajan wrote a note to the committee headed by Murli Manohar Joshi, stating all the consequences of MSME lending.


Rahul Gandhi's emotional promise on Rafale

Rahul Gandhi gave an emotional twist to Congress's attack on BJP over Rafale jet deal controversy. He recently tweeted offering consolation to the soldiers and those who worked for HAL promising justice in the alleged corruption in the massive deal of $8.6 billion for 36 Rafale fighter jets from France. He added images of war memorial Amar Jawan Jyoti at India gate for effect.

Congress blamed PM Narendra Modi for confirming the deal not following an impartial process and benefitting Anil Ambani whose firm became dassault's offset partner in India. Mr Hollande's admission acted as an impetus for the opposition's attack.

BJP denied opposition's blames by saying that the party has run out of issues to blame the government, hence forcing up the Rafale issue to get political lead.

Arun Jaitley comments on Raghuram Rajan's remark on MSME sector

Finance Ministe Arun Jaitley mentioned about former RBI governor Raghuram Rajan's remarks stating that the micro, small and medium sector (MSME) lending will be the cause for next banking crisis.

"I think for anyone to do postmortem is easier than action when it was required," Mr. Jaitley commented on Mr Rajan's veiw about MSME being the reason for next banking crisis. Mr Rajan added “The Credit Guarantee Scheme for MSME run by Small Industries Development Bank of India is a growing contingent liability and needs to be examined with urgency," adding that a list of high profile cases of banking frauds was sent to Prime Minister's Office (PMO).

Mr. Rajan wrote a note to the committee headed by Murli Manohar Joshi, stating all the consequences of MSME lending.




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