Cong left red-faced as mouthpiece targets Nehru, Sonia

December 28, 2015

Mumbai, Dec 28: In an embarrassment to Congress, articles in its mouthpiece today criticised Jawaharlal Nehru's policy on Kashmir issue and alleged that Sonia Gandhi's father was a "fascist soldier", leaving the party squirming over the controversy on its Foundation Day.

sgAn unsigned write-up in the Mumbai unit's journal, coinciding with the party's 131st foundation day, blamed Nehru for "the state of affairs in Kashmir, China and Tibet" even as another write-up made controversial remarks on party chief Sonia Gandhi, forcing its editor and Congress leader Sanjay Nirupam to order inquiry even as he claimed he was unaware of the content.

Both these articles, which do not bear the name of the writer, have been published in this month's issue of 'Congress Darshan' Hindi edition as a tribute to the country's first Home Minister Sardar Vallabbhai Patel on his death anniversary on December 15.

The article states that Nehru should have listened to Patel's views on international affairs and that the relationship between the two leaders remained strained.

"Despite Patel getting the post of Deputy Prime Minister and Home Minister, the relations between the two leaders remained strained, and both had threatened to resign time and again," the article says.

If Nehru had embraced Patel's foresight, many problems in international affairs would not have arisen, it adds.

The article cites a letter that Patel purportedly wrote in 1950 to caution Nehru against China's policy towards Tibet and in which "Patel described China as unfaithful, and a future enemy of India."

"Had Patel been heard (by Nehru) then, the problems of Kashmir, China, Tibet and Nepal wouldn't have existed now. Patel opposed Nehru's move of taking the Kashmir issue to the UNO," stated the article, adding, "Nehru did not agree with Patel's views on Nepal."

Another article, which focuses on the Congress President, describes her early life in great detail, including her "ambition to become an airhostess", as well as allegation that her father was a member of the Italian forces that lost to the Russians in the World War.

"Sonia Gandhi's father Stephano Maino was a former fascist soldier," it alleged.

The write-up also describes how Sonia quickly rose to the position of party president.
"Sonia Gandhi registered as a primary member of the Congress in 1997 and became the party’s president in 62 days. She also made an unsuccessful attempt to form a government," the article says.

Mumbai Regional Congress Committee chief and editor of the journal Sanjay Nirupam said he is not involved in the day-to-day functioning of the magazine and was unaware of the articles.

"I admit the mistake. Inquiry will be initiated against the editorial department which committed the mistake. We will take measures that such a mistake is not repeated," Nirupam said.

In Delhi, Congress leaders Salman Khurshid and Raj Babbar said that it should be seriously looked into.

"If something like this has come out in the Congress article, then AICC will take it up," Khurshid said.

Congress leader Ghulam Nabi Azad said that it was clear that the writer was not aware of history and had no knowledge of the conditions under which Nehru had become the first Prime Minister and the challenges he faced like eradicating poverty.

Top Congress leaders had gathered to mark the Foundation Day at at AICC headquarters in the national capital.

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News Network
January 21,2020

Jan 21: Indian policymakers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home.

Investors are speculating about potential steps Finance Minister Nirmala Sitharaman could unveil when she presents the nation’s budget on Feb. 1. These measures may include freeing up firms to borrow at higher rates and offering tax breaks to global funds.

“The government will need to relax local rules to make it easier for Indian companies to raise debt overseas and tide over the funding crunch in the onshore market,” said Raj Kothari, London-based head of trading at Jay Capital Ltd. “At the same time, they need to ensure that the borrowers tapping offshore markets abide with stricter corporate governance so as to avoid further defaults.”

A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding. The government has tried a series of measures to spur domestic credit, including providing so-called credit enhancement and allowing tiny firms to restructure debt.

Here are some steps Sitharaman may consider to spur foreign borrowing:

• She could raise the cap of 450 basis points above Libor, which limits overall foreign debt costs for Indian companies

• This could help lower-rated firms sell bonds abroad. Indian companies rated BBB currently borrow at more than 10%, about 3.8 percentage points more than their top-rated peers;

• Sitharaman could waive the withholding tax foreign investors need to pay on holdings of rupee-denominated debt sold by Indian companies abroad

• The waiver was offered between September 2018 to March 2019, but wasn’t extended as the highest global interest rates since the financial crisis deterred Indian borrowers. Since then, the three-month Libor has dropped by about 1 percentage point

• She could permit Indian property developers and housing finance lenders to sell overseas bonds for reasons beyond affordable housing projects

• New funding lines to the real estate sector, arguably ground zero of India’s economic slowdown, could help kickstart consumption and investment as the industry is the nation’s biggest job-creator.

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Agencies
January 21,2020

Kochi, Jan 21: A special court here on Tuesday sent two students, who were arrested under the Unlawful Activities Prevention Act (UAPA) case in Kozhikode last November, to the custody of National Investigation Agency (NIA) for a day.

The NIA court ordered that the duo, who were in judicial custody till now, to be produced before it tomorrow.

In its application, the NIA had said that the accused must be interrogated on the basis of digital records and sought custody of the duo for a week.

However, the defendant argued that no new evidence had been found against the accused and therefore no custody should be granted.

During an earlier hearing, the two had told the court, "We are not Maoists. We are CPI (M) activists. The Chief Minister, who says we are Maoists, should bring proof of whom we killed and where we bombed. In the last election, we have served as CPI (M), booth agents. We are the ones who went out to vote and pasted posters for the party."

The two were charged under Sections 20 (punishment for being a member of terrorist gang or organisation), 38 (offence relating to membership of a terrorist organisation) and 39 (offence relating to support given to a terrorist organisation) of the UAPA.

Allen and Thaha, students of law and journalism respectively of Kannur University, were taken into custody by the police from Pantheerankavu in Kozhikode on November 1 last year.

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Agencies
February 26,2020

Kochi, Feb 26: Kerala High Court on Wednesday imposed a ban on strikes in schools and colleges that impact the functioning of the campuses.

''The functioning of campuses should not be hampered by the strikes. The colleges are for study, not for strikes. There should not be any march or gherao on campuses. Do not incite anyone for a strike," a bench of Justice PB Suresh Kumar said in its order.

"The order applies to schools and colleges. Do not harm the rights of others. The college can be a venue for peaceful discussions or thoughts. If actions are contrary to the orders of the court, the authorities can take action. They can call the police and restore peace," the order reads.

The Kerala High Court issued the order while hearing a petition filed by 20 educational institutions against campus politics.

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