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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Agencies
June 25,2020

Patna, Jun 25: At least 83 people died due to thunderstorms in Bihar in the last 24 hours, according to Chief Minister's Office.

Bihar Chief Minister Nitish Kumar announced Rs 4 lakhs each for the families of deceased.

Thirteen people died in Gopalganj, 8 each in Madhubani and Nawada, 6 each in Baghalpur and Siwan, 5 each in Darbhanga, Banka, East Champaran and 3 each in Khagaria and Aurangabad.

Due to thunderstorms, two people each lost their lives in West Champaran, Kishanganj, Jamui, Jahanabad, Purnia, Supaul, Buxar, Kaimur while one death each was reported in Samastipur, Shivhar, Saran, Sitamarhi and Madhepura.

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News Network
May 9,2020

May 9: Two more companies are said to be eyeing stakes in Reliance Jio Platforms, the $65-billion digital unit of Mukesh Ambani-controlled Reliance Industries, suggests a Bloomberg report. If these deals materialise, they would add to a growing list of firms that have recently invested in the Indian company.

US private equity firm General Atlantic was considering investing about $850 million to $950 million in the Mumbai-based company, a Bloomberg report said, citing people with knowledge of the matter.

The deal could be completed as soon as this month, though no agreement had been finalised and plans may change, it added.

Saudi Arabia's Public Investment Fund (PIF) is also considering to buy a minority stake in Jio, Bloomberg said in a separate report.

General Atlantic declined to comment on the report, while Jio and PIF did not immediately respond to Reuters request for comment. Hours earlier on Friday, Reliance Industries announced a $1.5 billion stake sale in Jio to Vista Equity Partners, the third deal in just over two weeks.

The conglomerate cut a $5.7 billion deal with Facebook for a 9.99 per cent stake in Jio on April 22 and a few days later, it secured a $750 million investment from private equity firm Silver Lake.

Together the three deals will inject a combined $8 billion in the telecoms-to-energy group and help it pare its debt.

Vista's investment gave Jio an equity value of Rs 4.91 trillion ($65 billion) and an enterprise value of Rs 5.16 trillion, said Reliance, controlled by billionaire tycoon Mukesh Ambani.

The potential investments from New York-based General Atlantic and the Saudi sovereign wealth fund, which manages over $300 billion in assets, would inject money on top of the $8 billion which Jio has already raised.

Saudi's PIF has been buying minority stakes several companies. Last month, it disclosed an 8.2 per cent stake in coronavirus-hit Carnival Corp, sending the cruise operator's shares up nearly 30 per cent higher.

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Agencies
June 15,2020

Nuapada, Jun 15: In a shocking incident, a 70-year-old elderly woman had to drag her 100-year-old bedridden mother on a cot to the nearby bank to withdraw pension money of Rs 1,500.

The incident came to light after a video of the woman dragging her bedridden mother on a cot to a bank in Odisha's Nuapada district went viral on social media.

The woman from Bargaon village dragged her mother on the cot after the bank official allegedly asked for physical verification. The incident took place on June 9.

"I went to the bank several times in last three months and requested the bank official to release the pension amount. However, the official informed that they would release the pension if I bring my mother to the branch," said Punjimati Dei.

Bank manager Ajit Pradhan allegedly asked Dei to bring her bedridden mother Labhe Baghel to the bank.

Her mother is an account holder under Jan Dhan Yojana of the Central government.

The Centre had announced Rs 500 monthly assistance for women Jan Dhan bank account holders from April to June in view of the COVID-19 situation.

A district administration official informed that the woman reached the bank with her mother before the manager could visit her home for the verification.

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