Call for 'adjustment' with Cong grows louder within CPI-M

Agencies
March 4, 2018

Kolkata, Mar 4: The trouncing of the CPI(M) in the Tripura Assembly elections has forced it to rethink strategies and increased the clamour within the party for an "adjustment" with the Congress, ahead of a crucial party meet next month.

The heavy defeat in Tripura has raised several questions within the CPI(M) on adopting the "right strategy" for survival, party leaders said.

The BJP-IPFT combine scripted history yesterday by winning the Tripura Assembly polls with a two-thirds majority, ending 25 years of uninterrupted rule of the CPI(M)-led Left Front in the state.

The BJP and the Indigenous People's Front of Tripura (IPFT) together won 43 seats. The CPI(M) won 16 seats and the Congress none.

CPI(M) politburo member Hannan Mollah said the party is facing one of the toughest situations following its defeat in Tripura, which has "forced us to rethink in a new way".

"We, in our draft resolution, have said we don't want any understanding with the Congress. But now, after the defeat in Tripura, it is a completely new situation where we have to rethink our strategies and political line," Mollah said.

The CPI(M) central committee had on January 21 voted against the draft political resolution put forward by party general secretary Sitaram Yechury proposing an alliance with the Congress.

It adopted a draft resolution, which will be placed before the party congress next month, ruling out any form of electoral alliance or adjustment with the Congress.

Asked if there was a possibility of changing the draft and incorporate "new options", Mollah said the issue needed to be discussed in the party congress, but there was always a chance of altering it after discussion.

Another CPI(M) politburo member, Mohammed Salim, said the party will discuss every aspect, including the defeat in Tripura, before adopting its "political-tactical line".

A senior central committee member, who did not wish to be named, told news agency that in the present situation there are "high chances" that a window will be left open for adjustment with the Congress.

"A middle path has to be sorted out to keep a window for adjustment with the Congress. We can't let the BJP derive benefits out of division among Left secular and democratic forces," the central committee member said.

Yechury, along with a large section of leaders from Bengal, has been vocal about adjustment with the Congress to stop the BJP.

Yechury's political line, however, has been vehemently opposed by the party's Kerala unit, along with politburo member Prakash Karat, known as a hardliner in the CPI(M).

"We can no longer afford to keep the Congress out of the broader unity of Left and democratic forces," a senior CPI(M) leader of Tripura, who also did not wish to be named, said.

According to CPI(M) sources, the Tripura results have given Yechury and the Bengal lobby a much-needed political ammo to push for bringing all secular democratic forces together, including the Congress, to take on the BJP.

A CPI(M) central committee member from West Bengal said the state unit has a clear understanding about the threats from the BJP.

"The Tripura unit also got the taste of BJP's divisive politics. But despite attacks from the RSS, the Kerala unit is yet to understand the magnitude of the threat the BJP poses," he said.

The CPI(M)'s allies, like the CPI, are in favour of the broader unity of secular forces, including the Congress.

West Bengal Congress president Adhir Chowdhury, who has been a big supporter of the Left-Congress alliance, said the CPI(M) has to behave pragmatically and needs to relook at its policies on the Congress before it is "too late".

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News Network
March 24,2020

New Delhi, Mar 24: The total number of active COVID-19 cases reported so far in the country stands at 446 while the number of people who have been cured or discharged stands at 36, according to the Ministry of Health and Family Welfare.

Nine people have died from the disease while one case has migrated, the Ministry further informed.
The Central government has taken several steps to contain the rapid spread of the virus, including stoppage of all incoming passenger traffic on 107 immigration check posts at all airports, seaports, land ports, rail ports, and river ports.
There is a complete lockdown in as many as 548 districts of the country affecting several hundred million people.
The Indian Railways has also cancelled all passenger train operations till March 31.

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News Network
June 19,2020

Jun 19: Billionaire Mukesh Ambani on Friday announced that his oil-to-telecom conglomerate Reliance Industries is now net debt-free after raising a record Rs 1.69 lakh crore from global investors and a rights issue in under two months.

Reliance raised Rs 1.15 lakh crore from global tech investors by selling a little less than a quarter of the firm's digital arm, Jio Platforms Ltd, and another Rs 53,124.20 crore through a rights issue in the past 58 days.

Taken together with last year's sale of 49 per cent stake in fuel retailing venture to BP Plc of UK for Rs 7,000 crore, the total fund raised is in excess of Rs 1.75 lakh crore, the company said in a statement.

Reliance had a net debt of Rs 1,61,035 crore as on March 31, 2020. "With these investments, RIL has become net debt-free," it said.

"I have fulfilled my promise to the shareholders by making Reliance net debt-free much before our original schedule of March 31, 2021," Ambani said.

Jio Platforms - which houses the country's youngest but largest telecom firm Reliance Jio, raised Rs 1,15,693.95 crore from leading global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton and PIF since April 22, 2020.

Saudi Arabian sovereign wealth fund PIF buying 2.32 per cent stake in the unit for Rs 11,367 crore on June 18 "marks the end of Jio Platforms' current phase of induction of financial partners," the statement said.

Alongside, Reliance launched India's biggest right issue, which was subscribed to 1.59 times.

Though the rights issue size was Rs 53,124 crore, the company has got only 25 per cent of the money as the remaining is to be paid only next fiscal.

Ambani had at the company's annual general meeting on August 12, 2019, announced a roadmap for Reliance to become a net debt-free company before March 31, 2021.

"We have a very clear roadmap to becoming a zero net-debt company within the next 18 months that is by March 31, 202," he had said last year highlighting strong interest from strategic and financial investors in consumer businesses, Jio and Reliance Retail.

In the statement on Friday, he said he was both delighted and humbled to announce the fulfillment of the promise.

"Exceeding the expectations of our shareholders and all other stakeholders, again and yet again, is in the very DNA of Reliance," he said.

"Therefore, on the proud occasion of becoming a net debt-free company, I wish to assure them that Reliance in its Golden Decade will set even more ambitious growth goals, and achieve them," he added.

He said over the past few weeks, phenomenal interest was received from the global financial investor community in partnering with Jio.

"As our fundraising milestone from financial investors is achieved, we sincerely thank the marquee group of financial partners and warmly welcome them into Jio Platforms," he said.

"I also express my heartfelt gratitude to all the retail and institutional investors, both domestic and foreign, for their overwhelming participation in our record-setting Rights Issue," he added.

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Agencies
June 15,2020

New Delhi, Jun 15: Average temperature of India experienced a rise of 0.7 degree Celsius, along with decline in rainfall, significant increase in frequency of very severe cyclonic storms and droughts in over a decade due to human activities, the Ministry of Earth Sciences in its research report said.

The contentions were made in a report issued by the ministry on the impact of climate change. It will be published by Union Minister Harsh Vardhan on June 19.

According to the report, "Since the middle of the twentieth century, India witnessed rise in temperature; decrease in monsoon; rise in extreme temperature and rainfall, droughts, and sea levels; and increase intensity of severe cyclones.

The report, prepared by researchers of the Centre for Climate Change Research, a cell under The Ministry's Indian Institute of Tropical Meteorology, Pune, further stated that there is compelling scientific evidence that human activities have influenced these changes in regional climate.

India's average temperature has risen by around 0.7 degrees Celsius during 1901-2018, it said, adding that the rise is largely on account of GHG-induced warming and partially offset by forcing due to anthropogenic aerosols.

It states that the average temperature over India is projected to rise by 4.4 degrees Celsius, while the intensity of heat waves is likely to increase by 3-4 times by the end of the century.

In the 30-year period between 1986 and 2015, temperatures of the warmest day and the coldest night of the year have risen by about 0.63 degrees Celsius and 0.4 degree Celsius.

According to the report, by the end of the century, the temperatures of the warmest day and the coldest night are projected to rise by approximately 4.7 degrees Celsius and 5.5 degrees Celsius, respectively.

Alarmingly, sea surface temperature of the tropical Indian Ocean has also risen by one degrees Celsius on average during 1951-2015.

"The frequency of very severe cyclonic storms during the post-monsoon season has increased significantly (+1 event per decade) during the last two decades (2000-2018)," it added.

This came in the backdrop of Cyclone 'Amphan' and 'Nisarga' which made landfalls on May 20 and June 3 and killed several people, flattened villages, and destroyed farms.

"This is the first-ever climate change assessment report for India. This report will be very useful for policy makers, researchers, social scientists, economists, and students," said M. Rajeevan, secretary, the Ministry of Earth Sciences.

Besides this, the report also highlighted various other unnerving data on climate change in the country. Both the frequency and extent of droughts have increased significantly during 1951-2016.

The overall decrease of seasonal "summer monsoon rainfall" during the last 6-7 decades has led to an increased propensity for droughts over India.

"In particular, areas over central India, southwest coast, southern peninsula and north-eastern India have experienced more than 2 droughts per decade, on average, during this period. The area affected by drought has also increased by 1.3 per cent per decade over the same period."

The Hindu Kush Himalayas (HKH) also experienced a temperature rise of about 1.3 degree Celsius during 1951-2014.

Several areas of the Himalayas have experienced a declining trend in snowfall and also retreat of glaciers in recent decades. By the end of the twenty-first century, its annual mean surface temperature is projected to increase by about 5.2 degree Celsius.

The summer monsoon precipitation from June to September over India has also declined by around 6 per cent from 1951 to 2015, with notable decreases over the Indo-Gangetic Plains and the Western Ghats, the report further states.

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