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State run banks receive major boost with a massive recapitalization scheme

Written by Meghalaya Times. Posted in Editorial

Thomas Lim
The Cabinet of Narendra Damodardas Modi in an attempt to bail out the slow economic growth under the regime of the Bharatiya Janata Party-led National Democratic Alliance (NDA) government made a major bid to boost flagging economic growth and increase bank credit flow, on October 24, 2017, by approving for a massive recapitalization plan for state-run banks worth Rs 2.11 lakh crore.
According to Financial Services Secretary Rajiv Kumar, of this amount, a sum of Rs 1.55 lakh crore will be raised through recapitalization bonds. Another Rs 76,000 crore would be available from budgetary support and raised through market borrowings.

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Raje: 2 years jail for journalists reporting corruption

Written by Meghalaya Times. Posted in Editorial

Thomas Lim
The nation was dumfounded by a controversial bill introduced by the Vasundhara Raje government through an ordinance to amend the Criminal Code of Procedure, 1973, which was tabled on October 23, 2017 in the Rajasthan state Assembly. This amendment seeks to bar the Media from naming Public Servants involved in corruption till the state government allows the case to be investigated. The bill was introduced by Rajasthan Home Minister Gulab Chand Kataria amidst uproarious scenes as the main opposition Congress walked out from the Assembly.

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Enmity between Hindus and Muslims is political propaganda!

Written by Meghalaya Times. Posted in Editorial

Thomas Lim
The religious conflicts seem to have escalated; various attempts are being made for harmonizing All Faiths across the nation. Whereas, the Chief Priest of Ayodhya’s (Makeshift) Ram Mandir, Mahant Satyendra Das has confirmed that there was no enmity at the disputed site, between the Hindus and Muslims communities over the issue, but Politics over the Babri dispute, including the hate campaign by the Vishwa Hindu Parishad (VHP), has only complicated a possible amicable solution.

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Hashtag me too...................

Written by Meghalaya Times. Posted in Editorial

Thomas Lim
Women across the world for once have garnered courage to speak out against the sexual assault they have encountered in some point of their life; through social network. It all began with Hollywood actress Alyssa Milano, who was vocal about her own case at the same time encouraging all women to voice out if they have been sexually harassed. The hashtag started trending worldwide after a call to action from Milano posting on Twitter, passed along a suggestion from a friend that women who have been sexually harassed or assaulted post “Me Too” to give people a sense of the magnitude of the problem.

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Irked by omission in essential services public damage official vehicle

Written by Meghalaya Times. Posted in Editorial

Thomas Lim
The angered mob from South West Garo Hills (SWGH), in an attempt to prevent the spread of a fire caused by short-circuit in a market place in the  wee hours, have damaged the parked vehicle of Meghalaya Energy Corporation Limited (MeECL) in Garobadha’s MeECL office as there was no staff present, except the chowkidar during the emergency. The stoning led to damage of the vehicle though the mob quickly moved away after police got to the spot and pacified the crowd.
The shop which caught fire was totally gutted, however, immediately the electricity supply was cut, the fire fighters managed to prevent further loss of property in the adjourning shops.

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