Bhushan, Yadav launch no-holds-barred attack against Kejriwal

March 27, 2015

New Delhi, March 27: In further escalation of infighting, AAP dissident leaders Prashant Bhushan and Yogendra Yadav today mounted a no-holds-barred attack on party chief Arvind Kejriwal, accusing him of stifling internal democracy and adopting unfair means to capture power.Bhushan Yadav

Addressing a press conference, the two leaders alleged that any issue raised by them was being projected as questioning Kejriwal's leadership and attempts to remove him from the post of AAP's national convenor.

Bhushan even claimed that Delhi Chief Minister Kejriwal had suggested that he will form a regional party with all party MLAs saying "he cannot work with us".

The attack on Kejriwal by the two founding members of the party came a day before the crucial meeting of AAP's National Council which is likely to deliberate on the fate of Bhushan and Yadav and other major issues.

The two leaders said they will quit all "executive posts" if the five demands they had placed before the leadership which include bringing the party under the ambit of the RTI Act, ordering probe by AAP's internal Lokpal into allegations of wrong doing and giving state units more autonomy, are met.

"We had sent a note to the party placing our demands which is now being shown as our resignation letter. Whereas it was a conditional letter to resign. We had said if our five demands are met, we will resign from all party posts," Yadav said.

The two leaders said they were repeatedly being pressurised to resign during the reconciliation talks and clarified that they never raised the issue of the post of party convenorship during the talks.

"Why is it that if we raise any question, our intent is questioned?" Yadav asked, adding their fight is not for personal gains but to restore AAP's founding principles.

Yadav also alleged that the party Constitution has been removed from AAP's official website.

Bhushan slammed Kejriwal for allegedly trying to poach Congress MLAs to form government in Delhi last year.

"The National Executive had rejected a proposal to form government taking support of Congress. Despite that, Kejriwal sent a letter to Lt Governor asking him not to dissolve the assembly," Bhushan said.Bhushan said Kejriwal had suggested that he will form a separate party of 67 MLAs in Delhi rather than work with him and Yadav.

"Arvind was saying time and again that I cannot work with them. I will form a separate party of 67 MLAs in Delhi. Why this idea of removing us came to his mind," Bhushan said.

He identified two "fatal shortcomings" of Kejriwal that he said will potentially damage the party in the long run.

"He wants his decisions to be final. He cannot work with people who have differing voices and stand up to him. He thinks his intentions are right but means should be clean as well. That is not enough, means matter a lot," Bhushan said while citing Emergency imposed by Indira Gandhi's government and the Gujarat riots when Narendra Modi was the Chief Minister of the state.

"They also thought their intentions were right," he said. Bhushan quoted Kejriwal as saying that he cannot be part of any institution where his writ does not run.

The duo said there was no internal democracy in the AAP and continuous efforts are being made to defame them ahead of the meeting of National Council.

Yadav said there must be an internal probe by the party Lokpal into seizure of liquor allegedly from a godown of a party candidate ahead of the Delhi elections and receiving of Rs 2 crore as donations.

They also released a letter written to party national secretary Pankaj Gupta listing issues to be discussed at tomorrow's National Council meeting.

Bhushan also demanded that all the party meetings should be videographed to ensure transparency.

"They said they would not allow mobile phones inside the National Council meeting whereas other parties allow journalists in such meetings," Bhushan said.

Yadav said he was offered the post of Haryana in-charge which he never asked for.

"They were saying they will offer me 'Navin-mukt' Haryana whereas I never asked for any such post," he said, while adding Kejriwal camp was referring to his detractor Navin Jaihind.

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Agencies
February 5,2020

New Delhi, Feb 5: Days after a gunman opened fire in Delhi's Shaheen Bagh, the epicentre of anti-CAA movement, YouTuber Gunja Kapoor was detained at the protest site on Wednesday after she was caught covertly filming the protests in a burqa.

Kapoor runs the channel ‘Right Narrative’ on YouTube and her pinned tweet on Twitter says she is followed on the microblogging site by PM Narendra Modi.

According to police, the protesters turned suspicious after Kapoor asked them "too many questions". She was caught by some of the women protesters after they identified her as the popular YouTuber. The incident led to a commotion at Shaheen Bagh, the epicentre of protests against the Citizenship Amendment Act (CAA), a senior police official said.

She was taken to Sarita Vihar police station where her identity was ascertained, police said.

The incident sparked outrage on social media. Many took to Twitter to question why Kapoor was at the protest in disguise. Others expressed concern about her motives at secretly filming the protests.

Meanwhile, praises flew in for the women of Shaheen Bagh who can be seen defending Kapoor from angry protesters after she was caught.

This is not the first time that a right wing social media activist has landed in trouble in Shaheen Bagh where residents and other women and children have been sitting in protest for nearly two months since the passing of the contentious Citizenship Amendment Act 2019 in December last year.

In January, Deepa Sharma had posted videos online about the "traumatic" experience she had when she was allegedly heckled and harassed by Shaheen Bagh protesters. While the woman's claim could never be verified, other pieces of rampant fake news aimed at delegitimising and villainising protesters has taken social media by storm.

From doctored videos of women protesters allegedly accepting they were paid Rs 500 to attend protests to alleged fights over biriyani and anti-India sloganeering, trolls on social media seem to be working overtime to taint the ongoing protests.

The latter, however, show no signs of giving up. In fact, as Delhi nears elections on February 8, protesters have arranged for music performances by eminent artists, including pop celebrity Prateek Kuhad, till February 7.

Sit in protests take place 24x7 with women showing up in thousands to spend the night and sing songs of protest. And with polls around the corner, the protests have become an active part of political discourse with Aam Aadmi Party's Manish Sisodia expressing his support for the protesters at a recent press conference.

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News Network
May 4,2020

Munbai/New Delhi, May 4: India expects bad debts at its banks could double after the coronavirus crisis brought the economy to a sudden halt, a senior government official and four top bankers said.

Indian banks are already grappling with 9.35 trillion rupees ($123 billion) of soured loans, which was equivalent to about 9.1% of their total assets at the end of September 2019.

"There is a considered view in the government that bank non-performing assets (NPAs) could double to 18-20% by the end of the fiscal year, as 20-25% of outstanding loans face a risk of default," the official with direct knowledge of the matter said.

A fresh surge in bad debt could hit credit growth and delay India's recovery from the coronavirus pandemic.

"These are unprecedented times and the way it's going we can expect banks to report double the amount of NPAs from what we've seen in earlier quarters," the finance head of a top public sector bank told Reuters.

The official and bankers declined to be named as they were not officially authorized to discuss the matter with media.

India's finance ministry declined to comment, while the Reserve Bank of India and Indian Banks' Association, the main industry body, did not immediately respond to emails seeking comment.

The Indian economy has ground to a standstill amid a 40-day nationwide lockdown to rein in the spread of coronavirus cases.

The lockdown has now been extended by a further two weeks, but the government has begun to ease some restrictions in districts that are relatively unscathed by the virus.

India has so far recorded nearly 40,000 cases of the coronavirus and more than 1,300 deaths from COVID-19, the respiratory disease caused by the coronavirus.

'RIDING THE TIGER'

Bankers fear it is unlikely that the economy will fully open up before June or July, and loans, especially those to small- and medium-sized businesses which constitute nearly 20% of overall credit, may be among the worst affected.

This is because all 10 of India's largest cities fall in high-risk red zones, where restrictions will remain stringent.

A report by Axis Bank said that these red zones, which contribute significantly to India's economy, account for roughly 83% of the overall loans made by its banks as of December.

One of the sources, an executive director of a public sector bank, said that economic growth had been sluggish and risks had been heightened, even ahead of the coronavirus crisis.

"Now we have this Black Swan event which means without any meaningful government stimulus, the economy will be in tatters for several more quarters," he said.

McKinsey & Co last month forecast India's economy could contract by around 20% in the three months through June, if the lockdown was extended to mid-May, and growth in the fiscal year was likely to fall 2% to 3%.

Bankers say the only way to stem the steep rise in bad loans is if the RBI significantly relaxes bad asset recognition rules.

Banks have asked the central bank to allow all loans to be categorized as NPAs only after 180 days, which is double the current 90-day window.

"The lockdown is like riding the tiger, once we get off it we'll be in a difficult position," a senior private sector banker said.

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News Network
July 25,2020

New Delhi, Jul 25: Congress leader Rahul Gandhi on Saturday accused the government of benefitting by making profits during the coronavirus-induced lockdown when people were in trouble.

He tagged a news report that claimed the Indian Railways was making profit by running 'Shramik trains' for transporting migrants during the pandemic.

"There are clouds of disease and people are in trouble, but one seeks to benefit -- this anti-people government is converting a disaster into profits and is earning," he said in a tweet in Hindi.

The news report claimed that the railways made a profit of Rs 428 crore by running Shramik special trains during the lockdown that transported migrants to their native places.

In another tweet, he lauded the efforts of the Himachal government in conducting a survey to select 'one district, one product', saying he had suggested this sometime back.

"This is a good idea. I had suggested it some time back. Its implementation will need a complete change of mindset," he said on Twitter.

He also tagged a report that stated the state Industries Department is conducting a baseline survey in all districts to select one district, one product for centrally-sponsored Micro and Small Enterprises Cluster Development Programme (MSE-CDP). 

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