Akhilesh skips SP leaders' meeting; meets them separately

October 21, 2016

Lucknow, Oct 21: The chasm in UP's ruling Samajwadi Party grew wider today with Chief Minister Akhilesh Yadav skipping an important meeting called by state party chief Shivpal Yadav to strategise for the assembly polls due early next year where the latter declared him the party's chief ministerial face.Akhilesh-Yadav

Akhilesh, however, met the delegates, who earlier attended the meeting called by Shivpal, at his residence separately.

Shivpal had convened a meeting of SP district and city units presidents at the party headquarters earlier in the day but Akhilesh was conspicuous by his absence.

At the strategy session for the assembly polls due early next year, Shivpal, apparently seeking to bury the hatchet, declared nephew Akhilesh the party's chief ministerial face.

"Akhilesh Yadav will be the next CM, if party is voted to power. He will be our CM candidate," Shivpal said, days after Mulayam virtually left the field open by saying the newly elected legislators will choose their leader, something which did not go down well with the camp followers of the incumbent CM.

Though Shivpal, the younger brother of SP supremo Mulayam Singh Yadav, had met Akhilesh personally last night to invite him to the meeting, the Chief Minister kept away, indicating all was not well in the party despite repeated protestations by its senior leaders to the contrary.

After the meeting was over, a cryptic message went out from 5-Kalidas Marg residence of the Chief Minister that Akhilesh wanted to meet the district party presidents at a short notice.

At the brief meeting, Akhilesh apprised them of his 'rath yatra' scheduled from November 3 and said that they would be kept informed about it.

He asked them to work hard in their respective areas to reap a bumber electoral harvest and "everything will be fine".

The meeting of SP district heads was held a day ahead of the party' state executive meet. Mulayam has also convened a meeting of party legislators and ministers on October 24 to "gauge the mood" of partymen and people of their area.

Shivpal asked the district party chiefs to gear up for elections and also to make the party's silver jubilee celebrations on November 5 in the state capital a big success.

Akhilesh, with whom Shivpal is engaged in a running feud over the last few months, has already made it clear in a letter to the Samajwadi Party boss and his father Mulayam that he would be proceeding on his 'rath yatra' on November 3 to highlight the development work done by his government, in a clear indication that he would skip the November 5 event too.

With the tense stand-off between Akhilesh and Shivpal continuing, speculation about a possible split is rife with some even suggesting that a new party named National Samajwadi Party or Pragatisheel Samajwadi party with motorcycle as its symbol could be formed by the Chief Minister ahead of the assembly elections.

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News Network
April 14,2020

New Delhi, Apr 14: With 1,211 fresh cases of coronavirus reported in the last 24 hours, the total number of confirmed cases of COVID-19 in the country has reached 10,363 including 339 deaths, said Lav Aggarwal, Joint Secretary, Health and Family Welfare, here on Tuesday.

As many as 1,036 people have recovered from the disease so far, said Aggarwal during the daily media briefing on the coronavirus. "In one day, 179 people were diagnosed and found cured," he added.

"A total of 10,363 confirmed cases have been reported in India including 339 deaths and 1,036 people, who were COVID-19 positive have recovered. Out of the total deaths, 31 deaths have been reported in the last 24 hours," said Aggarwal.

Aggarwal said that an evaluation of each district and city will be done till April 20.

"An evaluation of each district and city will be done till April 20 in which it will be evaluated what measures did that authorities take in these cities and districts to combat COVID-19," he said.

"Based on the results of this litmus test approach, permission will be granted for some selective activities to those districts and cities which controlled the situation effectively. Detailed guidelines will be issued soon," he added.

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Agencies
March 15,2020

Financially troubled Yes Bank on Saturday reported a standalone net loss of ₹ 18,560.31 crore for the third quarter of the financial year 2019-20. This is amongst the biggest losses reported by the India Inc.

At present, the private lender is under a moratorium and is controlled by the office of the administrator appointed by the RBI.

The bank had reported a net profit of ₹1,001.85 crore during the corresponding period of the previous financial year.

Besides, the bank's total income fell to Rs 6,268.50 crore from Rs 8,849.81 crore earned during the October-December quarter of the previous fiscal.

On consolidated basis, Yes Bank reported a net loss of ₹18,564.24 crore for the December quarter from a net profit of Rs 1,000.57 crore in the corresponding period of the previous fiscal.

The independent auditor's review report on the consolidated results pointed out that there is a "material uncertainty related to going concern" of the bank.

"The said assumption of going concern is dependent upon the degree of success of the final reconstruction scheme, the quantum of capital infused into the bank and the bank's ability to stabalise its deposit balances post withdrawal of the moratorium by the RBI. Our conclusion is not modified in respect of this matter," the auditor said.

Furthermore, the bank recognised additional loans of ₹ 5,150.2 crore as NPAs and related provisioning requirements of ₹772.5 crore for the quarter ended December 31, 2019.

The bank has recognised an additional provisions of ₹15,422.0 crore in the quarter ended December 31, 2019.

Last week, the RBI placed Yes Bank under moratorium and capped the withdrawal limit at ₹50,000 till next Wednesday.

Additionally, the central bank also superseded Yes Bank's board of directors and appointed former SBI CFO Prashant Kumar as its administrator.

Meanwhile, Kumar has been appointed as the new Chief Executive Officer of the financially troubled lender. He will take over his new responsibilities once the moratorium on the stressed lender is lifted on Wednesday.

Apart from Kumar, Sunil Mehta, former non-executive Chairman of Punjab National Bank, will take over as the non-executive Chairman of Yes Bank.

Other board members include Mahesh Krishnamurthy and Atul Bheda, both as non-executive Directors.

Additionally, six private lenders have joined the SBI to rescue Yes Bank with Federal Bank committing ₹300 crore by subscribing to 30 crore shares of ₹2 each at a premium of ₹8 per equity share.

The six private lenders have now committed an investment of ₹3,700 crore in the cash-strapped private sector bank.

On Friday, ICICI Bank and Housing Development Finance Corporation (HDFC) Ltd had announced that they will be investing ₹1,000 crore each in Yes Bank's equity. Axis Bank and Kotak Mahindra Bank will be investing ₹ 600 crore and ₹500 crore, respectively, while Bandhan Bank will invest ₹300 crore.

The SBI board has already approved up to 49 per cent stake purchase in Yes Bank, as per the RBI's reconstruction scheme for the lender. It had said on Thursday that an investment of ₹7,250 crore would be made in Yes Bank to pick up₹ 725 crore equity shares.

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News Network
January 23,2020

Patna, Jan 23: "They should go wherever they want," Bihar Chief Minister and JDU supremo Nitish Kumar said on Thursday when asked of Prashant Kishor and Pavan Verma's repeated questions about the party's stand's on the newly enacted Citizenship Act.

"It is their personal decision. They should go wherever they want. We don't have an objection. Don't look at JDU in the context of statements by some people. JDU works with determination. We have a clear stand and don't have any confusion," the Chief Minister told reporters here.

"If they have something to tell, they should come and discuss it within the party. They should go wherever they want. They have my good wishes," he said.

JDU spokesperson and national general secretary Pavan Verma has questioned his party's alliance with the BJP in Delhi Assembly polls while Kishor has more than once made his differences with the party known on the issue of the amended Citizenship Act, and National Register of Citizens.

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