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In another dig at Narendra Modi, Finance Minister P Chidambaram on Saturday said the BJP Prime Ministerial candidate was giving his "first lesson in economy" and denied he had ever said that buying gold causes inflation.

"After history lesson, Narendra Modi has delivered his first lesson in economics...I recall having said on many occasions that buying gold, which is almost entirely imported, worsens current account deficit (CAD). I don't recall saying that buying gold causes inflation," Chidambaram said in a statement here.

He was apparently referring to several goof-ups by Modi in his recent speeches relating to ancient history and some other events

With an obvious tinge of sarcasm, Chidambaram asked economists to "take note of the new lesson" by Modi.

The Finance Minister was responding to the reported remarks of Modi at an election rally at Jodhpur in which he had said that Chidambaram has attributed inflation to buying gold.

"I am not as educated as him...but I know inflation is not because of buying gold but due to corruption," Chidambaram's statement quoted Modi's remarks in newspapers.

Modi has been under attack from opponents over his remarks in election speeches which were not in sync with historic facts. Earlier at a rally in Patna, Modi said that Chandragupta belonged to the Gupta dynasty.

At the same rally, he praised the "might of Bihar" saying that Alexander's army conquered the world but was defeated by the Biharis. In reality, Alexander’s army neither crossed the Ganga nor was it defeated by Biharis.

At Kheda in Gujarat, Modi had slammed Congress for not bringing back the ashes of freedom fighter Shyamaji Krishna Varma from Switzerland. Instead of naming Shyamaji Krishna Varma, he referred to Shyama Prasad Mookherjee, who founded the Jan Sangh which later became the BJP.

However, he later apologised for the mistake. 
Source:  DNA India
With betting in the Indian Premier League (IPL) tournament estimated to be around a Rs 66,000 crore business, CBI Director Ranjit Sinha on Tuesday said there was no harm in legalising betting as there was no point in a ban which could not be enforced.

When asked by senior editor Shekhar Gupta on his views about legalising betting, Mr Sinha, who was on the panel of a session, "Ethics and integrity in sports - need for a law and role of CBI", said there was no harm in legalising betting in the country.

"If you cannot enforce the ban on betting, it is like saying 'if you can't prevent rape, you enjoy it'", Mr Sinha said.

"If we can have lottery in states, if we can have casinos at holiday resorts, if the government can declare schemes of voluntary disclosure for black money, so what's the harm in legalising betting? Besides you'll have enforcement agencies to look into it," he said, adding that it is easy to call for a ban than to enforce it.

(Later, a spokesperson of the Central Bureau of Investigation or CBI clarified that the context in which the Mr Sinha made the statement was only an opinion on legalising betting.

"A voice vote was taken from RM Sawani and cricketer Rahul Dravid and the Director, CBI, made a point if a law cannot be enforced, that does not mean that law should not be there").

When informed by a delegate during the session that officials of cricket bodies had been termed as public servants by the Supreme Court and could now be probed by the CBI and the states' anti-corruption agencies, Mr Sinha said it was a revelation and he would not hesitate to probe cases of corruption if the need arises.

Earlier, speaking on the occasion, ace cricketer Rahul Dravid, who was a special guest at the panel, said legalising betting was a subject on which a call had to be taken by the law enforcement agencies.

"I think if the law enforcement authorities actually do feel that legalising betting will lead to better governance and reduce corruption, then I am all for it," he said.

When the question was posed to Ravi Sawani, chief of the Anti-Corruption and Security Unit of the Board of Control for Cricket in India or BCCI, he said legalising betting would, in no way, help reduce corruption in the game.

Mr Sawani, in his presentation, said in each IPL game, legal bets from one exchange in the United Kingdom are about Rs 440 crore whereas for the tournament, bets worth Rs 66,000 crore approximately are placed which include illegal betting syndicates as well.

- NDTV
The government Tuesday said visa to Taliban leader Abdul Salam Zaeef was granted on recommendation of intelligence agencies and the Ministry of Home Affairs (MHA) had no role to play. Zaeef was granted visa to visit Goa to attend a conference, sparking a row as rules say nationals from Pakistan, Afghanistan and China require background checks.

Top home ministry officials said the visit of the Taliban leader does not mean any change in visa policy and it was facilitated after requests by the intelligence agencies to MHA after which the visas were granted.

Home Minister Sushil Kumar Shinde was not in the loop and the matter was dealt between senior officials of MHA handling visa requests and intelligence officials. "It was not a government decision and was totally between intelligence agencies who wanted Zaeef to visit India," said a senior Home Ministry official.

Intelligence agencies are said to have facilitated the visa for Zaeef as they wanted to understand the situation in Afghanistan and planned to speak to Zaeef to explore the role India could play once the US troops pullout is completed next year. Recommending Zaeef's visa, the intelligence agencies cited challenges India may face in Afghanistan after the withdrawal.

Sources said Zaeef was granted visa following detailed deliberations in the MHA during which intelligence agencies strongly backed the move.

Zaeef was said to be a confidant of Mullah Omar who headed the Taliban government in Afghanistan till 2001.

- Indian Express
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