Bihar in flux as Manjhi wants House dissolved

February 8, 2015

Patna, Feb 8: Bihar Chief Minister Jitan Ram Manjhi has recommended the dissolution of the Assembly to pre-empt his mentor-turned-rival and Janata Dal (United) leader Nitish Kumar’s attempts to replace him.

Manjhi

On Saturday, Mr. Kumar, who was elected leader of the JD(U) legislature party, is set to stake claim to form a new government and urged the Governor to reject Mr. Manjhi’s recommendation, arguing that he had lost the majority. Twenty Ministers from the Nitish camp had resigned.

Mr. Manjhi is moving with the support of the Bharatiya Janata Party (BJP), say sources in both camps, in a major blow to the attempts to forge a united front against the saffron party ahead of the Assembly elections scheduled for November.

The JD(U) and Lalu Prasad’s Rashtriya Janata Dal (RJD) had buried the hatchet after their defeat at the hands of the BJP in May 2014, but Mr. Manjhi’s rebellion can derail their plans.

Mr. Kumar had given way to Mr. Manjhi, accepting moral responsibility for the party’s Lok Sabha defeat, but Mr. Manjhi soon began to assert himself and placed himself as a Mahadalit leader, causing friction between him and Mr. Kumar.

The lingering tension between the two came to the fore in an interview that Mr. Manjhi gave to The Hindu on January 6, setting off a series of developments that culminated in Saturday’s split.

Some last-minute efforts at truce did not bear fruit, with the Chief Minister holding a marathon meeting with Mr. Kumar at his 7 Circular Road residence.

Sources said Mr. Kumar refused to accept three demands put forward by Mr. Manjhi.

Mr. Manjhi left for Delhi on Saturday, where he is expected to meet BJP leaders. Prime Minister Narendra Modi reviewed the Bihar situation with leaders on Saturday.

Responding to people’s complaints, says Nitish

Without naming Mr. Manjhi, the visibly emboldened Mr. Kumar said that the need to remove him came when people were coming and complaining about his controversial statements every day. “People of the state appeared to have lost faith in him [Manjhi] and good governance was in danger”, he added.

“Now I’ve come and will lead the party from the front. We’ve majority support and we’ll definitely stake claim, if need be, to form the government in the State,” he declared.

Mr. Manjhi had called the JD(U) legislators meeting “unauthorized and unconstitutional,” and wrote to Governor, Keshari Nath Tripathi recommending dissolution of the Assembly.

At the meeting, 97 out of total 111 [membership of 8 party MLAs were terminated earlier] JD-U MLAs and 37 MLCs were present in the meeting.

In a letter to the Governor and the President of India, 130 legislators — including 24 from RJD, five from Congress and one of Communist Party India — claimed majority support in the Assembly for Mr. Kumar.

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News Network
July 15,2020

New Delhi, Jul 15: Former Rajasthan deputy chief minister Sachin Pilot on Wednesday said that he is "not" joining the Bharatiya Janata Party (BJP).

"I am not joining BJP," said Pilot in a telephonic conversation with ANI.

The comments came a day after he was sacked as Rajasthan deputy chief minister and Pradesh Congress Committee chief by the party.

The decision to sack Pilot was taken yesterday after a CLP meeting at the Fairmont Hotel in Jaipur, Rajasthan.

At the meeting, as many as 102 MLAs unanimously demanded that Pilot should be removed from the party.

The Rajasthan Congress is in turmoil over the past few days. While chief minister Ashok Gehlot has blamed the BJP for attempting to destabilise the state government by poaching MLAs, Pilot has been camping in Delhi.

A controversy broke out in Rajasthan after special operation group (SOG) sent a notice to Pilot to record his statement in the case registered by SOG in the alleged poaching of Congress MLAs in the state.

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News Network
January 28,2020

New Delhi, Jan 28: Kolkata Metro Rail Corp expects to complete its East-West project, which runs partly under the city’s iconic Hooghly river, by March 2022 after a delay of several years doubled costs.

The authority is awaiting a final installment of Rs 20 crore ($2.8 million) over the next two years from the Indian Railway Board, said Manas Sarkar, managing director at KMRC. A soft loan of Rs 4,160 crore from Japan International Cooperation Agency helps fund 48.5% of the project.

India’s oldest metro, which started in 1984 with a North-South service, was due to expand by 2014 but faced problems including squatters on the planned route. These issues have contributed to the total project cost rising to about Rs 8,600 crore for some 17 kilometers from Rs 4,900 crore for 14 km.

“About 40% of total transport demand will be tackled by these two metro services,” Sarkar said in an interview at his office in Kolkata. “It will be a relief for environmental pollution and the city should be much more decongested.”

The new line is expected to carry about 900,000 people daily, -- roughly 20% of the city’s population -- and will take less than a minute to cross a 520-meter underwater tunnel. Depending on the time of day, it takes some 20 minutes to use the ferry and anywhere upward of an hour to cross the Howrah bridge.

KMRC will repay the JICA loan over 30 years after an initial six-year moratorium. The interest rate is between 1.2% to 1.6%. The East-West metro project is 74% owned by the railway ministry and 26% by the ministry of housing and urban affairs.

“We don’t anticipate any further cost escalation now,” Sarkar said.

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News Network
March 13,2020

Mumbai, Mar 13:  Investor wealth worth nearly Rs 12 lakh crore was wiped out in less than 15 minutes of trading on the stock exchanges on Friday, with the two benchmarks, the BSE Sensex and the NSE Nifty, crashing over 10 per cent.

The 30-share BSE Sensex plummeted 3,380.59 points, or 10.31 per cent, to 29,397.55. It hit an intra-day low of 29,388.97, falling up to 3,389.17 points.

Trading was halted for 45 minutes in the early session after the index hit its lower circuit limit.

The BSE and NSE benchmark indices, however, pared most losses with the Sensex trading 835.40 points, or 2.55 per cent, lower at 31,942.74, and the Nifty was down 253.25 points or 2.64 per cent at 9,336.90 at 10.40 am.

The mayhem on Dalal Street eroded investor wealth worth Rs 12,92,479.88 crore, taking the total m-cap to Rs 1,12,78,172.75 crore on the BSE at 1020 hours.

The m-cap of BSE-listed companies stood at Rs 1,25,70,652.63 crore at the end of trading on Thursday.

Traders said besides global selloff, incessant foreign fund outflows also weighed on investor sentiments.

On a net basis, foreign institutional investors sold equities worth Rs 3,475.29 crore on Thursday, data available with stock exchanges showed.

On the BSE, 1,279 scrips declined, while 193 advanced and 40 remained unchanged.

Volatility heightened in global markets as benchmarks world over went into panic mode, insinuating a freakish selloff.

Bourses in Shanghai dropped over 3.32 per cent, Hong Kong 5.61 per cent, Seoul 7.58 per cent and Tokyo cracked up to 7.97 per cent.

Wall Street lost 10 per cent in overnight trade.

More than 1,30,000 cases of the novel coronavirus have been recorded in 116 countries and territories, killing at least 4,900 people.

The number of coronavirus patients in India has risen to 74, as per the health ministry.

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