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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Agencies
February 6,2020

Mumbai, Feb 6: The Reserve Bank of India, for the second straight time, on Thursday kept its key policy rate unchanged at 5.15 per cent, maintaining its accommodative policy stance as long as it was necessary to revive growth.

The central bank retained GDP growth at 5 per cent for 2019-20 and pegged it at 6 per cent for the next fiscal.

"Economic activity remains subdued and the few indicators that have moved up recently are yet to gain traction in a more broad-based manner. Given the evolving growth-inflation dynamics, the MPC felt it appropriate to maintain status quo,” the Monetary Policy Committee (MPC) said.

The six-member committee voted unanimously to hold rates, but also said that there is “policy space available for further action”.

Between February and October 2019, the RBI had reduced repo rate by 135 basis points.

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Agencies
June 2,2020

Singapore, Jun 2: Moody's Investors Service on Tuesday downgraded 11 Indian banks along with as many non-financial companies and infrastructure majors besides four government-related issuers following a downgrade of the Indian government's issuer rating to Baa3 from Baa2 with a negative outlook.

The rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, volatile oil prices and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets, said Moody's.

The Indian banking sector has been affected given the disruptions to India's economic activity from the coronavirus outbreak, which is weakening borrowers' credit profiles, it added.

The 11 lenders include Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Export-Import Bank of India, HDFC Bank, Indian Overseas Bank, IndusInd Bank, Punjab National Bank, State Bank of India and Union Bank of India.

The 11 non-finance companies are Oil and Natural Gas Corporation, Hindustan Petroleum Corporation, Oil India, Indian Oil Corporation, Bharat Petroleum Corporation, Petronet LNG, Tata Consultancy Services, Infosys, Reliance Industries, UPL Corporation and Genpact.

The 11 infrastructure companies are NTPC, NHPC, National Highways Authority of India, Power Grid Corporation, Gail India, Adani Green Energy Restricted Group (RG-2), Adani Transmission Restricted Group, Adani Ports and Special Economic Zone, Adani Transmission, Adani Electricity Mumbai and Azure Power Solar Energy.

The four Indian government-related issuers are Indian Railway Finance Corporation, Housing and Urban Development Corporation, Power Finance Corporation and REC Ltd.

"Government-related issuers in India have been affected because of disruptions to India's economy which will weaken borrowers' credit profiles," said Moody's.

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News Network
February 18,2020

New Delhi, Feb 18: Delhi Transport Minister Kailash Gahlot is the richest minister in the AAP government, according to a report released by the Association for Democratic Reforms (ADR) on Monday.

In a statement, the NGO said, Delhi Election Watch and ADR have analysed the self-sworn affidavits of all the seven-party leaders including Chief Minister Arvind Kejriwal.

According to the statement, the minister with the lowest declared total assets is Gopal Rai with assets worth Rs 90.01 lakh.

"The minister with the highest declared total assets is Kailash Gahlot from Najafgarh constituency with assets worth Rs 46.07 crore," it stated.

The report by ADR comes on the day Kejriwal and his six ministers took charge after the formation of the new AAP government.

Chief Minister Kejriwal and his cabinet colleagues took charge of their respective offices on Monday and asserted that they would work to fulfil the promises made in the "guarantee card", released during the poll campaign, including reduction in pollution and expansion of metro network.

Members of his Cabinet are -- Manish Sisodia, Satyendar Jain, Rajendra Pal Gautam, Imran Hussain, Gopal Rai and Kailash Gahlot.

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