BJP finds going tough in Bihar

October 18, 2015

Patna, Oct 18: The weather in Bihar has suddenly changed dramatically, and so has the political permutation and combination.

Before the first vote was cast on October 12, it was nearly impossible to forecast the Assembly election result, so close was the fight between the BJP-led NDA and the Nitish Kumar-led grand alliance.

modiHowever, after two rounds of polling in 49 and 32 constituencies on October 12 and October 16, respectively, the mist is clearing with each passing day.

In these 81 constituencies, out of the total 243 seats in Bihar, the turnout of women voters has been remarkably better. This is not only a clear indication of the growing aware-ness (about voting rights) among them but could possibly spell trouble for the BJP-led alliance.

While working out the caste arithmetic, BJP strategists had perhaps not calculated how this section, miffed with the steep rise in prices of pulses and onion, could upset all the BJP formulae.

Chief Minister Nitish Kumar and RJD chief Lalu Prasad, during the fag end of the campaign, did not miss the opportunity to remind rural woman voters how their kitchen budget had gone haywire due to Prime Minister Narendra Modi, who had promised “achchhe din” and assured control of prices if voted to power during the Lok Sabha polls.

The lengthy queues of Muslim women with men of the family during the first two phases of polling should also be an eye-opener for NDA mandarins.

After all, leaders like Haryana Chief Minister Manohar Lal Khattar, who said Muslims would have to give up beef if they want to stay in India, party MP Shatrughan Sinha, who said onions could make the BJP cry, and Mohan Bhagwat, who reiterated his stand on review of reservation, have done more damage than the saffron camp had anticipated.

Another noticeable point is the large turnout of weaker sections, particularly Dalits and the Extremely Backward Classes (EBCs). While it had appeared before the polls that the EBC and Dalit votes would split vertically, reports from the interiors indicate Nitish Kumar remains the favourite.

The JD(U) strongman appears to be reaping a rich harvest from the cycle, uniform and scholarship schemes for students, and Rs 10,000 sops to those who pass their Class X examination in first division.

This Deccan Herald correspondent, who travelled nearly 2,900 km in the last 45 days — from Bhagalpur in the east to Buxar in the west and Imamganj in the south to Kalyanpur in the north — found parents of such students, particularly girls, expressing solidarity with Nitish.

Their only common grouse was why he had joined hands with Lalu, who still symbolises lawlessness.

Split

Nitish was quick to respond that had he not aligned with Lalu, secular votes would have split, much like it had happened during the Lok Sabha elections, and would have helped the BJP.

In light of unfavourable news, Modi, the BJP’s biggest campaigner, has reportedly cut down his rallies in Bihar on the pretext of the Navratras.

The grand alliance leaders have taunted: “If he was in the US during last year’s Navratra, why is he now shying away from Bihar? Has he read the writing on the wall?”

But until the last three phases of voting take place on October 28, November 1 and

November 5, the alliance should not be overconfident. One small error by either camp could change the tide in no time.

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Agencies
February 16,2020

New Delhi, Feb 16: Aam Aadmi Party (AAP) national convener Arvind Kejriwal was on Sunday sworn-in as the Chief Minister of Delhi for the third time in a row at Ramlila Maidan here, after his party registered a massive victory in the recently concluded Delhi Assembly polls.

Kejriwal was administered the oath of office and secrecy by Delhi Lieutenant Governor Anil Baijal.

The sprawling Ramlila Maidan reverberated with sounds of thousands of people cheering for the AAP leader.

Kejriwal who received a hero's welcome here had extended an invitation to the people of Delhi urging them to attend the swearing-in ceremony to witness "the son of Delhi" taking oath today.

The AAP nearly repeated its 2015 performance in the elections, sweeping the Assembly polls winning 62 seats in the 70-member Assembly, in the face of a high-voltage campaign by the BJP, which fielded a battery of Union Ministers and Chief Ministers in its electioneering spearheaded by Home Minister Amit Shah. 

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Agencies
February 10,2020

New Delhi, Feb 10: The government is set to privatise Central Electronics Ltd, a CPSE under the Department of Science and Technology, by selling its 100% stake with management control and has invited the Expression of Interest for the same by March 16.

The selected bidder will be required to lock in its shares for a period of three years during which it cannot undertake the sale of its stake in CEL, the PIM (Preliminary Information Memorandum) said.

"The government of India has 'in-principle' decided to disinvest 100 per cent of its equity shareholding in CEL (which is equivalent to 100 per cent of the total paid up equity share capital of CEL) through Strategic Disinvestment with transfer of management control (Strategic Disinvestment or Transaction)," DIPAM, the Disinvestment Department, said.

The process for the transaction has been divided into two stages, namely, Stage I and Stage II.

After BPCL and Air India, this is yet another CPSE which government is slated to privatise if it gets offers from bidders.

The government has set a challenging target of Rs 2.1 lakh crore disinvestment proceeds from CPSE sell-offs and IPOs, OFSs (Offer for sale) in the next fiscal and it going out all guns blazing to meet that target after revising this fiscal target of Rs 1.05 lakh crore to Rs 65,000 crore.

The Interested Bidders (which can also include employees of CEL) must have a minimum net worth of Rs 50 crore as on March 2019. DIPAM has released complete invitation Preliminary Information Memorandum (PIM) of CEL. Resurgent India Limited is the advisor to the Transaction.

CEL is a pioneer in the country in the field of Solar Photovoltaic (SPV) with the distinction of having developed India's first Solar cell in 1977 and first Solar panel in 1978 as well as commissioning India's first solar plant in 1992.

More recently, it has developed and manufactured the first crystalline flexible solar panel especially for use on the passenger train roofs in 2015.

Its solar products have been qualified to International Standards IEC 61215/61730. CEL is further working on development of a range of new and upgraded products for signaling and telecommunication in the railway sector.

In the SWOT analysis of the CPSE, DIPAM has stated under weakness that "the company has weak financial loss due to past losses, high manufacturing cost and non payment of dues by state nodal agencies affecting the financial position of the company".

The CPSE has adequate land for expansion, the SWOT analysis said adding "the CPSE faces threat of dumping of solar cells at very low rates which makes solar PV manufacturing industry unviable".

Entry of new players in the market for solar products and railway signalling systems also is cited as a threat.

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News Network
June 5,2020

New Delhi, Jun 5: Shares of Reliance Industries on Friday gained over 2 per cent to hit their one-year high level after the company announced sale of 1.85 per cent stake in its digital unit, Jio Platforms, to Abu Dhabi-based sovereign investor Mubadala.

On BSE, the heavyweight stock jumped 2.38 per cent to Rs 1,617.70 -- its 52-week high.

It surged 2.41 per cent to its one-year high of Rs 1,618 on NSE.

Earlier in the day, Reliance Industries announced the sale of 1.85 per cent stake in its digital unit to Mubadala for Rs 9,093.60 crore, the sixth deal in as many weeks that will inject a combined Rs 87,655.35 crore in the oil-to-telecom conglomerate to help it pare debt.

"Mubadala Investment Company (Mubadala) will invest Rs 9,093.60 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore," the company said in a statement.

With this investment, Jio Platforms has raised Rs 87,655.35 crore from leading global technology and growth investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala in less than six weeks.

Jio Platforms, a wholly-owned subsidiary of Reliance Industries Ltd, is a next-generation technology company.

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