Tripura: BJP emerges as major challenge to CPI-M as Cong leaders turn saffron

Agencies
February 4, 2018

Agartala, Feb 4: The coming Assembly election in Tripura is likely to witness a fight between the CPI(M)-led Left Front and the BJP in the state.

The state had in the past witnessed an electoral battle between the CPI(M) and the Congress.

Sudip Roy Burman, former state Congress president and an MLA who had joined the BJP, said, "The Congress was not serious about fighting the CPI(M)" and claimed that the BJP would defeat the Marxists in the Assembly poll.

Burman, who headed the state Congress in 2013 Assembly election, told PTI, "In 2013, the CPI(M) had faced strong anti-incumbency but Congress central leadership had helped CPI(M) in the state clandestinely for enjoying the party's support in Parliament".

CPI(M) politburo member Prakash Karat also admitted that this time it is a contest between the Left Front and the BJP in the February 18 election.

"All the earlier elections in the state were fought between the Left Front and the Congress but this time, it is a contest between the BJP and the Left Front as Congress leaders and supporters had joined the saffron party", Karat had stated at an election meeting in South Tripura on Friday.

Six Congress MLAs including Burman had crossed over to the BJP.

"We are forced to join the BJP as we found that the Congress is not serious about fighting the CPI(M)", Burman said.

Tripura Congress vice-president, Tapas Dey said, "A communal party like the BJP became so strong in the state due to the misrule and partisan behaviour of the CPI(M)".

The CPI(M) never fulfilled the justified demands of the people, he said and alleged, "They (CPIM) have a vindictive attitude towards people who do not support them."

CPI(M) spokesperson Gautam Das said, Tripura is a model state in the country in terms of development.

"The pro-people programmes of the Left Front government, especially for the poor and the working class, would bring it back to power", he said.

To garner the tribal vote which constituted around 31 per cent in the state, BJP has stitched an alliance with the Indigenous People's Front of Tripura (IPFT).

"The alliance between BJP and IPFT will make a strong impact in the 20 tribal reserve constituencies," said Mrinal Kanti Deb, BJP spokesperson.

Karat had, however, alleged that the IPFT is the mask of insurgents, who had killed people of the state a decade-and- a-half ago.

The BJP forging an alliance with such a party was tantamount to "sedition", the senior CPI(M) leader had said.

That the BJP is very serious in wresting power from the CPI(M) is evident from the list of its star campaigners like Prime Minister Narendra Modi, Home minister Rajnath Singh, BJP president Amit Shah and a galaxy of party leaders who will campaign for party candidates in Tripura.

Cautioning the people in the state, Karat had said, "The Assembly election in the state is important not only for Tripura, but for entire India, as it would show which way the country would move".

Comments

shaji
 - 
Sunday, 4 Feb 2018

Dear Burmon, we want to know for which cost you have sold yourself in the hands of anti nationals and communal party.   Shame on.   People like you are sick and look for money + position.

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Agencies
August 2,2020

New Delhi, Aug 2: India's COVID-19 tally crossed the 17 lakh mark with 54,736 positive cases and 853 deaths reported in the last 24 hours.

"The total COVID-19 cases stand at 17,50,724 including 5,67,730 active cases, 11,45,630 cured/discharged/migrated and 37,364 deaths," said the Union Health and Family Welfare Ministry.

As per the data provided by the Health Ministry, Maharashtra -- the worst affected state from the infection -- has a total of 1,49,214 active cases and 15,316 deaths. A total of 4,31,719 coronavirus cases have been recorded in the state up to Saturday, as per the state health department.

Tamil Nadu has a total of 60,580 active cases and 4,034 deaths.

In Delhi, the total cases rose to 1,36,716, including 1,22,131 recovered/discharged/migrated cases and 3,989 deaths. There are 10,596 active cases in the national capital.

The total number of COVID-19 samples tested up to August 1 is 1,98,21,831 including 4,63,172 samples tested yesterday, said the Indian Council of Medical Research (ICMR) on Sunday.

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Agencies
June 18,2020

New Delhi, Jun 18: Reliance Industries Ltd on Thursday said it has sold a 2.32 per cent stake in its digital unit to Saudi Arabia's Public Investment Fund (PIF) for Rs 11,367 crore, taking the cumulative fund raising to about Rs 1.16 lakh crore in two months.

Starting with Facebook Inc on April 22, Reliance has sold almost 25 per cent of equity in Jio Platforms - the maximum reports suggest the company intends to dilute to financial investors.

The investment by Saudi sovereign wealth fund is "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 115,693.95 crore from some of the leading global investment powerhouses at a time when the world is deeply impacted by the coronavirus pandemic, resulting in a recession kind of environment for the global economy.

"With the addition of PIF's investment, Jio Platforms has established partnerships with a marquee set of global financial investors, who will contribute to establishing the Digital Society vision for India," the statement said.

Jio Platforms houses India's biggest telecom firm by subscribers, Reliance Jio. With more than 388 million users, Jio has forced out several rivals and driven consolidation in the sector since entering the market in 2016 with free voice services and cut-price data.

Over the past two months, billionaire Mukesh Ambani's oil-to-telecom conglomerate has announced the sale of about $14 billion of assets, completed a Rs 53,124 crore rights issue and slowed the run rate of new investment by a quarter.

These will help Reliance meet its target of paying off Rs 1.61 lakh crore of net debt by the end of the year.
This is PIF's largest investment into the Indian economy to date.

Ambani, chairman and managing director of Reliance Industries, said, "We at Reliance have enjoyed a long and fruitful relationship with the Kingdom of Saudi Arabia for many decades. From oil economy, this relationship is now moving to strengthen India's New oil (data-driven) economy, as is evident from PIF's investment into Jio Platforms."

Yasir Al-Rumayyan, governor of PIF, commented: "We are delighted to be investing in an innovative business which is at the forefront of the transformation of the technology sector in India. We believe that the potential of the Indian digital economy is very exciting and that Jio Platforms provides us with an excellent opportunity to gain access to that growth."

"This investment will also enable us to generate significant long-term commercial returns for the benefit of Saudi Arabia's economy and our country's citizens, in line with our mandate to safeguard and grow the national wealth of the Kingdom," he said.

The transaction is subject to Indian regulatory and other customary approvals.

Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell acted as legal counsels.

Prior to this deal, Reliance had sold 22.38 per cent of Jio Platforms to investors including Facebook Inc, securing Rs 104,326.95 crore in eight weeks.

Facebook kicked off the party, investing Rs 43,573.62 crore for a 9.99 per cent stake on April 22. This was closely followed by a further Rs 60,753.33 crore in investment.

Silver Lake - the world's largest tech investor - bought a 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore on May 4. It invested another Rs 4,546.80 crore for additional 0.93 per cent stake on June 5, taking its total holding to 2.08 per cent
Private equity KKR and Vista Equity Partners have taken 2.32 per cent stake each for Rs 11,367 crore apiece. KKR invested in Jio Platforms on May 22 while Vista invested on May 8.

Abu Dhabi sovereign wealth fund Mubadala Investment Co picked up 1.85 per cent in Jio Platforms for Rs 9,093.60 crore on June 5. Abu Dhabi Investment Authority on June 7 invested Rs 5,683.50 crore for a 1.16 per cent stake in Jio Platforms.

On May 17, global equity firm General Atlantic picked up 1.34 per cent stake in Jio Platforms for Rs 6,598.38 crore.

Global investment firm TPG on June 13 picked up 0.93 per cent for Rs 4,546.80 crore while L Catterton bought 0.39 per cent for Rs 1,894.50 crore.

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News Network
March 25,2020

New Delhi, Mar 25: The government is likely to agree an economic stimulus package of more than Rs 1.5 lakh crore ($19.6 billion) to fight a downturn in the country that is currently locked down to stem the spread of coronavirus, two sources familiar with the matter told news agency.
The government has not yet finalised the package and discussions are ongoing between Prime Minister Narendra Modi's office, the finance ministry, and Reserve Bank of India (RBI), said both the sources, who asked not to be named as the matter was still under discussion.

One of the sources, a senior government official, said the stimulus plan could be as large as Rs 2.3 lakh crore, but final numbers were still in discussion.

The package could be announced by the end of the week, both sources added.

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