Alliance with Cong a democratic compulsion, says Chandrababu Naidu

Agencies
October 7, 2018

Amaravati, Oct 7: Justifying his party's alliance with Congress, TDP supremo N Chandrababu Naidu Saturday claimed it was a 'democratic compulsion' due to 'historic reasons' and was done after TRS spurned his offer for a tie up.

Naidu also indicated that Telangana Rashtra Samiti chief K Chandrasekhar Rao poured cold water on his plans to emerge as a potent force in south India by aligning the TDP and TRS.

The TDP tied up with Congress only after Telangana Rashtra Samiti chief K Chandrasekhar Rao spurned his offer for a tie-up, he said.

"I proposed (to KCR) that we two should unite. Congress will be restricted to Karnataka. BJP and Congress have no place in Tamil Nadu.

The two Telugu states will have the upper hand in south India if TDP and the TRS joined hands. He told me he will think it over and a week later turned down my offer," Naidu said.

He was addressing a meeting of the Telugu Desam Parliamentary Party here this evening.

A release from the TDP later gave a gist of what Naidu spoke to his party MPs.

The Andhra Pradesh chief minister said political alliances were dictated by democratic compulsions.

"We had no other option except to align with non-BJP forces as the BJP was working against us. We have to fight the injustice the Centre meted out to the state and we need support at the national level for this.

Hence, we decided to go with like-minded parties," he was quoted as saying.

Rao wanted that the TDP contest the elections in Telangana and opposed any alliance with the Congress, he said.

"By then I realized he (KCR) fell into someone else's hands," Naidu said, apparently an indirect reference to Prime Minister Narendra Modi.

It was only due to historic reasons that TDP allied with parties that came forward in Telangana, he claimed, referring to the 'Maha Kutami' (grand alliance) of TDP-Congress-CPI and Telangana Jana Samiti.

He also said that the BJP unilaterally broke its alliance with the TDP in Telangana.

"The seed for weakening the TDP was sown then. BJP had a secret pact with (YSR Congress president) Y S Jaganmohan Reddy in Andhra Pradesh and KCR in Telangana," he alleged.

"The TDP's only objective is the well-being of Telugus, wherever they are. NTR established the TDP only for the Telugus," Naidu said.

The TDP chief also spoke about the need to forge an alternative front at the national level.

"We have only five-six months for this.We have to hold conclaves across the country on issues like Centre-state relations, farmers' problems and Rafale deal," he told the TDP MPs.

He recalled that 105 MPs had resigned from their posts en masse on the Bofors scandal.

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News Network
February 11,2020

New Delhi, Feb 11: AAP leader Sanjay Singh on Tuesday said his party will register a "massive win" in the high-stakes Delhi Assembly election, counting for which began amid tight security at various centres set up to carry out the exercise.

Initial trends suggested the ruling Aam Aadmi Party marching ahead, but the Bharatiya Janata Party leaders maintained that their party would win.

The counting began at 8 am and will be held in multiple rounds, Delhi Chief Electoral Officer Ranbir Singh said.

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News Network
June 10,2020

New Delhi, Jun 10: Petrol price on Wednesday was hiked by 40 paise per litre and diesel by 45 paise, the fourth straight daily increase in rates after oil PSUs ended an 82-day hiatus in rate revision. Petrol price in Delhi was hiked to Rs 73.40 per litre from Rs 73, while diesel rates were increased to Rs 71.62 a litre from Rs 71.17, according to a price notification of state oil marketing companies.

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.

This is the fourth daily increase in rates in a row since oil companies on Sunday restarted revising prices in line with costs, after ending an 82-day hiatus.

In four hikes, petrol price has gone up by Rs 2.14 per litre and diesel by Rs 2.23.

Latest petrol, diesel prices in top cities:

New Delhi: Petrol ₹73.40. Diesel ₹71.62

Gurgaon: Petrol ₹72.86. Diesel ₹64.90

Mumbai: Petrol ₹80.40. Diesel ₹70.35

Chennai: Petrol ₹77.43. Diesel ₹70.13

Hyderabad: Petrol ₹76.20. Diesel ₹70b

Bengaluru: Petrol ₹75.77. Diesel ₹68.09

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News Network
March 9,2020

Mumbai, Mar 9: India's Yes Bank will not be merged with State Bank of India, which is set to infuse funds in the beleaguered lender, the newly appointed administrator leading the rescue plan said in a television interview on Monday.

"There is absolutely no question of a merger," Prashant Kumar, the administrator, told the CNBC TV18 channel.

The Reserve Bank of India (RBI) on Thursday took control of Yes Bank, after the lender - which is laden with bad debts - failed to raise the capital it needs to stay above mandated regulatory requirements.

Placing Yes Bank under a 30-day moratorium, the central bank imposed limits on withdrawals to protect depositors and said it would work on a revival plan. The move spooked depositors, who rushed to withdraw funds from the bank.

Kumar, a former finance chief at SBI, assured depositors their money was safe and that the moratorium on Yes Bank might be lifted much before the deadline on April 3 and normal banking operations might resume as early as Friday.

He also mentioned that the withdrawal limit of Yes Bank may be removed by March 15, 2020.

SBI Chairman Rajnish Kumar said on Saturday the state-run bank would need to invest up to 24.5 billion rupees ($331 million) to buy a 49% stake in Yes Bank as part of the initial phase of the rescue deal, adding that the survival of troubled lender was a "must".

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