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Vaiko arrested for pro-LTTE remarks

This is the second time that Vaiko has been arrested for supporting the banned group LTTE.
This is the second time that Vaiko has been arrested for supporting the banned group LTTE.
MDMK chief Vaiko was on Thursday arrested for making ‘highly inflammatory speeches in support of the LTTE’, police said.Vaiko had at a public meeting in Chennai on Tuesday said a separate Tamil Eelam under the leadership of LTTE chief Prabhakaran would come into existence soon in Sri Lanka.

“LTTE and Sri Lankan Tamils could not be separated. Though we are against any violence, we should differentiate between violence and right”, he said.

“Prime Minister Manmohan Singh, who had assured me no military aid would be supplied to Sri Lanka, had gone back on his word,” he alleged.

Vaiko said, “if the need arises, I will be the first man to take up arms in support of Sri Lankan Tamils. I will gather youths all over the country for this purpose”.The MDMK presidium chairman, M Kannappan, had told the meeting that time would come to demand for a separate Tamil Nadu. In that meeting, a two-hour film on Sri Lankan army’s alleged atrocities against Tamils was screened.

In a statement on Wednesday, AIADMK chief Jayalalithaa had demanded that all LTTE supporters be booked.

Tamil Nadu government’s decision to arrest Vaiko was to make it clear that ruling DMK’s support was only for the suffering Sri Lankan Tamils and not for LTTE.

Vaiko, now an ally of Jayalalithaa, was detained under POTA by her Government in 2004 on his arrival from the United States after he had made a pro-LTTE speech at a public meeting in Tirumangalam in Madurai.

DMK chief M Karunanidhi had condemned Vaiko’s arrest at that time.

This is the second time that Vaiko has been arrested for supporting the banned group, the earlier occasion being during the previous AIADMK government when he was held under POTA.

Vaiko was arrested under the Unlawful Prevention Activities Act, police said.

He was remanded to 14 days judicial custody.

Vaiko said soon after his arrest that his party was for India’s sovereignty. At the same time, it could not allow the Centre to provide arms and ammunition and logistics support to Sri Lankan government ‘to perpetuate war against Tamils’.

October 24, 2008 Posted by | General, Politics | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Banks safe, but economy may slump: PM

Manmohan Singh says tackling inflation remains goverment's priority.

HIS ECONOMIC ADVICE: Manmohan Singh says tackling inflation remains goverment’s priority.

Indians banks are safe and depositors need not worry for their money, Prime Minister Manmohan Singh has told Parliament for the first time after the worldwide financial crisis.

“Our banks, both in the public sector and in the private sector, are financially sound, well capitalised and well regulated. There should be no fear of a failure of any bank,” Singh said in the Lok Sabha on Monday.

“I wish to assure depositors in our banks that their deposits are entirely safe.” Singh, however, warned that the economy might slow down.

“The financial storm has shaken confidence in the system and precipitated a steep decline in stock markets. It has produced a sharp slowdown in economic activity, with the prospect of a prolonged recession in industrialised countries,” he said.

There is enough capital, but “nevertheless, we must be prepared for a temporary slowdown in the Indian economy”.

Singh said the precise impact of the global financial crisis was difficult to estimate but the economic slowdown in developed countries is likely to have an “indirect impact” on the Indian economy.

Some estimates projected GDP growth to reduce to 7.5 per cent in the current year, but “our effort will be to minimise the negative effect of the financial crisis… to return to the growth trajectory of 9 per cent.”

The Prime Minister said the Reserve Bank of India (RBI) and the Government were carefully monitoring the flow of credit and would ensure that the additional liquidity infused into the system translated into actual credit.

“We will not hesitate to do more, if needed. While the capital adequacy ratios of all our banks are well above the Basel norm and above the RBI stipulated norm, government has promised that it will help banks, which have lower ratios, to access funds to increase the capital risk-weighted asset ratio to 12 per cent,” he said.

October 20, 2008 Posted by | Business, General, Politics | , , , , , , , , , , , , , , , | Leave a comment