Alliances crumble in M'rashtra

September 26, 2014

New Delhi/Mumbai, Sep 26: After weeks of hardball politics, the two coalitions in Maharashtra — the ruling Congress-NCP and the opposition BJP-Shiv Sena — parted ways in a bitter way on Thursday night, setting the stage for a multi-cornered contest in the upcoming Assembly elections.

Alliances crumbleThe key players were in a wrangle over the sharing of seats for the 288-member Assembly election with the aim of dominating the political space in the state. Maharashtra goes to polls on October 15 and the last day for filing of nomination papers is Saturday.

The BJP, the junior partner in the 30-year-old alliance, was the first to announce the split with the Sena. Within an hour, the NCP walked out of the 15-year-old coalition with the Congress, plunging the state into a political flux. Buoyed by the Modi wave in the Lok Sabha elections, the BJP had been demanding 135 seats from the Shiv Sena while it had contested 119 seats in the 2009 Assembly elections.

BJP leaders have been contending that Sena’s position in the state had diminished following the death of its founder Bal Thackeray in 2012, a claim which did not find favour with its chief Uddhav Thackeray.

“The Shiv Sena-BJP alliance, which lasted over 25 years, has ended,” Maharashtra BJP leader Eknath Khadse told reporters at the party office in Mumbai.

“Even now, we and many in the Maharashtra BJP do regret that vested interests have prevailed over unity,” Aditya Thackeray, the 24-year-old son of Uddhav, posted on Twitter.

The Shiv Sena is the second ally after the Haryana Janhit Congress to part ways with the BJP after its spectacular success in the Lok Sabha elections. However, Sena’s lone representative in the Union Cabinet Anant Geete said the alliance would continue at the Centre.

On the other hand, the NCP was demanding an equal share from the Congress. The NCP, which won four seats in the recent Lok Sabha elections, argued that the influence of the Congress is limited as the party managed to secure only two seats.

Announcing the NCP-Congress split, Deputy Chief Minister Ajit Pawar accused Chief Minister Prithviraj Chavan of ignoring the alliance partner of 15 years and creating an atmosphere of distrust.

Pawar also announced that the NCP was withdrawing support to the state government and he will meet Governor Ch Vidyasagar Rao to submit his resignation.

“Unbelievable and unimaginable has happened. Ekla chalo won; all four parties lose at least something. But politically best way to grow strong,” Congress spokesman Abhishek Manu Singhvi said.

Earlier, the first signs of an impending separation in the saffron alliance came as BJP president Amit Shah cancelled his visit to Mumbai on Thursday even as last minute efforts were on to save the coalition.

The seat sharing talks between the Sena and the BJP witnessed several twists and turns.

The alliance was finalised two days back only to be rocked by minor partners who were not willing to accept the “raw deal” offered to them.

The Sena had kept 151 seats for itself, offering 130 to the BJP while leaving seven seats to the four minor parties — Swabhimani Paksha, RPI (A), Rashtriya Samaj Paksha and Shiv Sangram.

According to an earlier proposal, the Sena had 151 seats, BJP 119 while the four minor parties had 18. Another bone of contention between the BJP and the Shiv Sena was the post of the chief minister.

Sena had staked claim to the post citing the agreement between Bal Thackeray and BJP leader Pramod Mahajan, who had first struck the alliance in the 1980’s. BJP was keen to have the post contending that it had been performing better than the Sena in the state elections.

In the current Assembly, the BJP has 46 members as against 45 of the Sena. The superior performance of the BJP in the 2009 elections had resulted in the nomination of its leader Eknath Khadse as the Leader of the Opposition in the Assembly.

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Agencies
February 11,2020

New Delhi, Feb 11 Congress's performance touched a record low in the Delhi Assembly election as the party bagged less than 5 per cent of the total votes polled and 63 of its candidates lost their deposits.

The party, which ruled Delhi for 15 years on the trot under former Chief Minister Sheila Dikshit, failed to open its account for the second consecutive assembly election in Delhi.

Only three of its candidates Arvinder Singh Lovely from Gandhi Nagar, Devender Yadav from Badli and Abhishek Dutt from Kasturba Nagar managed to save their deposits.

Security deposit of a candidate is forfeited if he/she fails to secure one-sixth of the total valid votes cast in a constituency.

Most of Congress candidates got less than 5 per cent of the total votes polled in their respective constituencies.

Delhi Congress chief Shubhash Chopra's daughter Shivani Chopra, who was the party candidate from Kalkaji, also could not save her deposit.

Former Delhi Assembly Speaker Yoganand Shastri's daughter Priyanka Singh also forfeited her deposit.

The party's campaign committee chairman Kirti Azad's wife, Poonam Azad, lost badly and stood fourth, polling only 2,604 (2.23) votes.

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Agencies
July 30,2020

New Delhi, Jul 30: India witnessed a single-day spike of 52,123 COVID-19 cases as the total cases in the country reached 15,83,792, the Union Ministry of Health and Family Welfare said on Thursday.

The total cases include 5,28,242 active cases and 10,20,582 cured/discharged cases, the Health Ministry added.

A total of 775 deaths were reported in the last 24 hours taking the death toll to 34,968.

Maharashtra continues to be the worst-affected state as it reported 9,211 new COVID-19 cases 298 deaths on Wednesday. The total number of cases is now at 4,00,651 including 2,39,755 recovered cases, 1,46,129 active cases and 14,463 deaths.

The total number of cases in Tamil Nadu reached 2,34,114.

Delhi reported 1,035 COVID-19 cases yesterday, taking the total number of cases in the national capital to 1,32,275.

The total number of COVID-19 samples tested up to July 29 is 1,81,90,382 including 4,46,642 samples tested yesterday, said the Indian Council of Medical Research (ICMR).

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News Network
January 6,2020

Jan 6: India’s Finance Ministry has delivered a challenge to its revenue collectors: meet tax targets despite $20 billion of corporate tax cuts.

Through a video conference on Dec. 16, officials were exhorted to meet the direct tax mop-up target of 13.4 trillion rupees ($187 billion), a government official told reporters. Collection in the eight months to November grew at 5% from a year earlier, against the desired 17%.

The missive shows Prime Minister Narendra Modi’s urgent need to buoy public finances in a slowing economy where April-November tax collections were half the amount budgeted. Authorities withheld some payments to states and have capped ministries’ expenditure as the fiscal deficit ballooned beyond the target.

The government’s efforts to maintain its deficit goal goes against advice from some quarters, including central bank Governor Shaktikanta Das, who urged more spending to spur economic growth.

It’s uncertain though how much room Modi’s administration has to boost expenditure, given that it may already be borrowing as much as 540 billion rupees through state-run companies, a figure that isn’t reflected on the federal balance sheet. Uncertainty about public finances pushed up sovereign yields in November and December, compelling Das to announce unconventional policies to keep costs in check.

“This is not a time to conceal the fiscal deficit by off-budget borrowing or deferring payments,” said Indira Rajaraman, an economist and a former member of the Reserve Bank of India’s board. “If they were to stick to the target, that would be catastrophic because there is so much pump-priming that is needed right now.”

GDP grew 4.5% in the quarter ended September, the slowest pace in more than six years as both consumption and investments cooled in Asia’s third-largest economy. Only government spending supported the expansion, piling pressure on Modi to keep stimulating.

S&P Global Ratings warned in December it may downgrade India’s sovereign ratings if economic growth doesn’t recover. Government support seems to be waning now, with ministries asked to cap spending in the final quarter of the financial year at 25% of the amount budgeted rather than 33% allowed earlier. This new rule will hamstring sectors including agriculture, aviation and coal, where not even half of annual targets have been disbursed.

As the federal government runs short of money, it’s been delaying payouts to state administrations.

Private hospitals have threatened to suspend cash-less services to government employees over non-payment of dues, while a builder informed the stock exchange about delayed rental payments from no less than the tax office itself.

India is considering a litigation-settlement plan that will allow companies to exit lingering tax disputes by paying a portion of the money demanded by the government, the Economic Times newspaper reported Saturday.

The move will help improve the ease of doing business besides unlocking a part of the almost 8 trillion rupees ($111 billion) caught up in these disputes. The step, which is being considered as part of the annual budget, could also bridge India’s fiscal gap.

Finance Minister Nirmala Sitharaman has refused to comment on the deficit goal before the official budget presentation due Feb. 1.

A deviation from target, if any, “will need to be balanced with a credible consolidation plan further-out,” said Radhika Rao, an economist at DBS Group Holdings Ltd. in Singapore.

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