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
May 24,2020

New Delhi, May 24: The Indian economy is likely to slip into recession in the third quarter of this fiscal as loss in income and jobs and cautiousness among consumers will delay recovery in consumer demand even after the pandemic, says a report.

According to Dun & Bradstreet's latest Economic Observer, the country's economic recovery will depend on the efficacy and duration of implementation of the government's stimulus package.

"The multiplier effect of the stimulus measures on the economy will depend on three key aspects i.e. the time taken for effecting the withdrawal of the lockdown, the efficacy of implementation and duration of execution of the measures announced," Dun & Bradstreet India Chief Economist Arun Singh said.

The report noted that the government's larger-than-expected stimulus package is likely to re-start economic activities.

Besides, measures taken by the Reserve Bank of India like reducing the repo rate by a further 40 basis points to 4 per cent, extending the moratorium period by three months and facilitating working capital financing will also help stimulate the momentum.

Singh said while the measures announced by the government are "positive", most of them have been directed towards strengthening the supply side of the economy, and "it is to be noted that supply needs to be matched with demand", he said.

Besides, "in the absence of cash-in-hand benefits under the government's stimulus package, demand for goods and services is expected to remain depressed", he added.

He further said the loss in income and employment opportunities, and cautiousness among consumers, will lead to a delayed recovery in consumer demand, even after the pandemic. As debt and bad loan levels increase, the banking sector might face challenges.

The report further noted that even as the monetary stimulus is expected to inject liquidity and stimulate demand for a wider section of the economy, the channelisation of funds from the financial institutions will be subjected to several constraints.

The foremost concern being increase in risk averseness, as the balance sheets of firms, households, and banks/NBFCs have weakened considerably and low demand for funds by firms as production activities have been on a standstill during the lockdown period, Singh said.

India has been under lockdown since March 25 to contain the spread of the coronavirus, resulting in supply disruptions and demand compression.

Prime Minister Narendra Modi imposed a nationwide lockdown to control the spread of coronavirus on March 25. It has been extended thrice, with some relaxations. The fourth phase of the lockdown is set to expire on May 31. 

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News Network
June 3,2020

Jun 3: Emphasising that airlines are clearly the safest mode of transportation, IndiGo CEO Ronojoy Dutta on Tuesday said there is no evidence yet of coronavirus infection getting transmitted among passengers onboard an aeroplane.

His comments against the backdrop of instances of some passengers, who had taken flights after resumption of domestic air services on May 25, testing positive for coronavirus.

"Those people had the virus before they got on to the aeroplane. What is noteworthy is that they have done the tracing after that. There is no evidence of transmission onboard there... that is a very encouraging sign on the safety of airline travel," he said during an earnings call.

According to him, airlines are clearly the safest mode of transportation and there is no evidence yet of contamination on an aircraft.

"You can come in contaminated but so far there is no evidence of passing it on to a fellow passenger," he noted.

Amid concerns over the coronavirus pandemic, aviation regulator DGCA has asked airlines to ensure that to the extent possible, middle seat in flights should be kept empty.

In this regard, Dutta said the airline would keep the middle seat empty wherever it can and "where we have to fill the middle seat, we will have the extra protective gown".

To a query about possible hedging of fuel prices, he said it would be a dumb idea and that airlines adjust to ups and downs in fuel prices.

"I can't overemphasise what a dumb idea it will be for an airline to hedge fuel prices. I looked at it from different angles and it is not a good idea... we looked at hedging and we talked about it at the board level and we said no," he noted.

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Agencies
June 15,2020

New Delhi, Jun 15: After Two Indian officials working with Indian High Commission in Pakistan wet missing on Monday,  the Ministry of External Affairs summoned Pakistan's Charge d'affaires to India in the national capital and told them not to interrogate or harass Indian officials.

"Two Indian High Commission officials are missing since morning while on official work. The matter has been taken up with the Pakistani authorities," Akhilesh Singh, First Secretary and spokesperson, Indian High Commission, Pakistan, said.

According to sources quoted by PTI news agency, the MEA told the  Pakistan's Charge d'affaires to India that the responsibility of safety and security of Indian personnel in Islamabad "lays squarely with Pakistani authorities."

"Pakistan was asked to ensure return of two Indian officials along with official car to Indian High Commission in Islamabad immediately," sources added. 

The incident comes after two Pakistani officials at the Pakistani High Commission in New Delhi were accused of espionage and deported.

The two officials have been missing since Monday morning. Officials said the issue has been taken up with the Pakistan government.

Earlier, a vehicle of India's Charge d'affaires Gaurav Ahluwalia was chased by Inter-Services Intelligence (ISI) member.

In March, the Indian High Commission in Pakistan sent a strong protest note to the foreign ministry in Islamabad protesting against the continuing harassment of its officers and staff by Pakistani agencies.

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