BJP seeks more time on government formation in J&K

January 1, 2015

Jammu, Jan 1: A day after PDP gave signs of apparent softening of stance towards it, BJP today said it has sought 'more time' from the governor in view of the ongoing dialogue with parties on government formation and hinted that it could relent on the issue of having chief minister from Jammu.Kishor sharma

Governor has set January 19 deadline for formation of government in the state and BJP will not take any step in haste. The dialogue with other parties is on and people of the state will 'soon get good news', BJP's state unit chief Jugal Kishore Sharma today said after a party delegation met Jammu and Kashmir governor NN Vohra.

"We have asked him (governor) for some more time, so that the result of the ongoing dialogue (with other parties) comes out. There are many issues that need to be discussed that is why it is taking time," he said and asserted that BJP would work for a stable government in J&K.

Queried on the demand for a chief minister from Jammu region, party's state incharge Avinash Rai Khanna said, "Jammu, Kashmir and Ladakh constitute one state and the chief minister would be from the state of Jammu and Kashmir."

The BJP leadership in Jammu and Kashmir had been till now batting strongly for a chief minister from Jammu, especially from the party, in case of a post-poll alliance.

While hinting towards accommodating the agendas of coalition partners, Khanna said that the party knows very well how to run a 'successful coalition government.'

"When we sit together and discuss on the issue of government formation, we can come out with a Common Minimum Programme and form a joint agenda to run the government.

"BJP knows very well how to run a coalition government and the people trust us on that," Khanna said.

Sharma said the process of discussion with other parties was on. "The people of the state will soon get a good news on the formation of the government. We are working towards formation of stable government in the state," he said.

"We are not in a hurry (to form the government) we are working to give the people of Jammu and Kashmir a stable government that completes its tenure of six years," Sharma said.

Asked if the party was in touch with the leadership of either National Conference or the People's Democratic Pparty, Sharma said, "You know how many parties are there in the state. We can just say that the process is on and you will get the details in the days to come."

PDP leader Mehbooba Mufti yesterday met governor and dropped hints that her party is not averse to joining hands with BJP as she said the poll mandate was an "opportunity" for Prime Minister Narendra Modi and invoked Atal Bihari Vajpayee.

Without giving details of what exactly she discussed with Vohra, Mehbooba had said her meeting with the governor was "informal" in the wake of a "decisive but divided mandate" thrown up by the recent Assembly polls.

Answering questions over the issue of government formation, she told reporters that "PDP's priority is not to cobble up a majority for the sake of government formation."

Whatever formation is firmed up, it should respect the mandate of the people and have the principle of "reconciliation", she said, adding "till that is not taken along, forming any government will be useless".

Sharma said "Governor has told us that government in the state should be formed before January 19".

"J&K people have given BJP a mandate to form the government. Whatever government is formed, it should stable and last full six years.

"For formation stable government for six years, BJP will not take any decision in haste," Sharma said.

The Assembly elections threw up a fractured verdict with PDP emerging as the single largest party with 28 seats in the 87-member Assembly and BJP the second largest party with 25 seats.

National Conference won 15 seats and Congress 12. Smaller parties and independents together won seven seats.

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Agencies
March 9,2020

Mumbai, Mar 9: The mayhem in domestic stock markets deepened with the BSE Sensex falling over 2,400 points and the Nifty50 trading below 10,400 points.

The plunge in the domestic indices was in line with the global markets on persistent fears of economic impact of the coronavirus epidemic.

Stocks of Reliance Industries registered the biggest fall in over 10 years as it fell to Rs 1,094.95 per share. At 1.34 p.m., it was trading at Rs 1,100, lower by Rs 170.05 or 13.39 per cent from its previous close. The stock fell most since October 2008.

The benchmark index of BSE Sensex was trading at 35,232.67 points, lower by 2,343.95 points or 6.24% from the previous close of 37,576.62 points. 

It had opened at the intra-day high of 36,950.20 and has so far touched a low of 35,109.18.

The Nifty50 on the National Stock Exchange was trading at 10,314.25 points, lower by 675.20 points or 6.14% from the previous close. 

It was a sell-off across sectors, led by financial, metal, energy and IT stocks - which weighed on the markets.

Further, crude oil prices also slumped around 30% on Monday as Organization of Petroleum Exporting Countries (OEPC) failed to agree on an output cut deal, eventually causing Saudi Arabia to cut its prices as it is likely to increase its production. Saudi Arabia's stance has already raised concerns of an all-out price war.

Brent crude futures are currently trading around $34 per barrel.

On Saturday, Saudi Arabia announced massive discounts to its official selling prices for April, and the nation is reportedly preparing to increase its production above the 10 million barrel per day mark, according to reports.

As per analysts, the oil market witnessed the worst price fall on Monday since the 1991 Gulf War.

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News Network
March 4,2020

New Delhi, Mar 4: The Supreme Court on Wednesday revoked the ban of cryptocurrency imposed by the Reserve Bank of India (RBI) in 2018.

Pronouncing the verdict, the three-judge bench of the apex court said the ban was 'disproportionate'.

The bench included Justice Rohinton Fali Nariman, Justice S Ravindra Bhat and Justice V Ramasubramanian.

The Internet and Mobile Association of India (IAMAI), whose members include cryptocurrency exchanges, and others had approached the top court objecting to a 2018 RBI circular directing regulated entities to not deal with cryptocurrencies.

Advocate Ashim Sood, appearing for IAMI, submitted that Reserve Bank of India lacked jurisdiction to forbid dealings in cryptocurrencies. The blanket ban was based on an erroneous understanding that it was impossible to regulate cryptocurrencies, Sood submitted.

The petitioners had argued that the RBI's circular taking cryptocurrencies out of the banking channels would deplete the ability of law enforcement agencies to regulate illegal activities in the industry.

IAMAI had claimed the move of RBI had effectively banned legitimate business activity via the virtual currencies (VCs).

The RBI on April 6, 2018, had issued the circular that barred RBI-regulated entities from "providing any service in relation to virtual currencies, including those of transfer or receipt of money in accounts relating to the purchase or sale of virtual currencies".

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News Network
March 19,2020

New Delhi, Mar 19: The total number of reported novel coronavirus cases in India has climbed to 169, with 30 fresh cases reported from various parts of the country on Wednesday.

The total cases in India include 25 foreign nationals and the three persons who died in Delhi, Karnataka and Maharashtra.

As coronavirus cases continue to rise in India, over 5,700 people, who had come in contact with positive cases, continue to be under rigorous surveillance, the government has said.

Maharashtra has 43 cases, including 3 foreigners, while Kerala has recorded 27 cases which include two foreign nationals. A 28-year-old woman from Pune with a travel history to France and the Netherlands tested positive for Covid-19, a senior official said on Wednesday.

A 68-year-old woman has tested positive for coronavirus in Mumbai. She was in close contact with a Covid-19 patient, who was diagnosed yesterday.

In Rajasthan, three more have tested positive for Covid-19. The new cases have come from Jhunjhunu district. Their samples have been sent to SMS Medical college.

In Maharashtra, a 21-year-old man in Pimpri Chinchwad with travel history to the Philippines, Singapore and Colombo has tested positive for coronavirus. One more person in Ratnagiri has tested positive for Covid-19.

Telangana has reported seven more confirmed coronavirus cases. All the seven are Indonesian national.

Delhi has so far reported 10 positive cases which include one foreigner while Uttar Pradesh has recorded 16 cases, including one foreigner. A man from Noida tested positive on Wednesday, taking the total number to four in Noida.

Karnataka reported two fresh cases on Wednesday, taking the number of infections to 13. The number of cases in Ladakh rose to eight and Jammu and Kashmir three. Telangana has reported six cases which include two foreigners.

One more person has tested positive for coronavirus in Kashmir. The person, with foreign travel history, has been put under isolation. He had arrived in J&K on March 16.

There will be restrictions on public transport, assembly of people and some other measures, in #Srinagar from tomorrow.

Rajasthan has also reported four cases including that of two foreigners. Tamil Nadu, Andhra Pradesh, Odisha, Uttarakhand and Punjab have reported one case each.

Tamil Nadu Health Minister C Vijayabaskar has confined the state's second positive case of coronavirus in the state.

The health minister has stated that the condition of the patient is stable and is in observation.

In Haryana, there are 16 cases, which include fourteen foreigners.

According to the Union ministry's data, 14 people have been discharged so far, including the three patients from Kerala.

Three persons infected with the virus have died so far, the latest casualty being a 64-year-old man from Mumbai with a travel history to Dubai who succumbed on Tuesday.

While a 76-year-old man from Kalaburagi who returned from Saudi Arabia died last Tuesday, a 68-year-old woman in Delhi who had tested positive for coronavirus passed away on Friday night.

The government on Tuesday banned the entry of passengers from Afghanistan, Philippines and Malaysia to India with immediate effect, according to an additional travel advisory.

With coronavirus cases swelling in the country, the government has also banned the entry of passengers from the European Union countries, Turkey and the UK from March 18 till March 31.

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