Congress wants Rahul Gandhi to be the face of anti-BJP alliance

Agencies
July 22, 2018

New Delhi, Jul 22: The extended Congress Working Committee on July 22 authorised Congress president Rahul Gandhi to forge an alliance with like-minded parties for the 2019 Lok Sabha election to take on the BJP.

The decision was taken at a meeting of the newly-constituted CWC, Pradesh Congress Committee chiefs and Congress Legislature Party members from various States.

The party also authorised Mr. Gandhi to constitute a committee to work out alliances with various national and regional parties to form a grand national alliance.

About 40 leaders spoke at the CWC meeting where they all stressed that the Congress should play a lead role in forging an anti-BJP front. Some leaders said Mr. Gandhi being the leader of the principle opposition party should be the face of the national alliance. Asked about party leaders wanting Mr. Gandhi to be the face of the alliance, senior Congress leader Ambika Soni said, “Naturally, he is the leader of the main national (opposition) party and we would want our leader to be the face of the Opposition alliance.”

Senior party leader and former Finance Minister P. Chidambaram gave a detailed presentation on how the party could be strengthened with the help of allies in various States.

Sources said that Mr. Chidambaram highlighted that the Congress is strong in 12 States and with the help of its allies, it can forge a formidable front for the next general election.

Party should fight for the oppressed: Rahul

Mr. Gandhi in his opening address at the first meeting of the newly constituted CWC on July 22, described the body as an “institution of experience and energy that will serve as a bridge between the present, past and the future”.

Mr. Gandhi called upon “Congressmen/women to rise and fight for India’s oppressed”, according to Congress communication chief Randeep Surjewala, who was tweeting from inside Parliament Annexe, the venue of the meeting.

“Sh. Rahul Gandhi reminds the role of Congress as the voice of India as also its responsibility of present and future, as BJP attacks institutions, dalits, tribals, backwards, minorities & poor,” Mr. Surjewala added.

Mr. Surjewala said former Prime Minister Dr. Manmohan Singh rejected the culture of self praise and jumla of the Modi government and questioned its claim of doubling farm incomes in five years.

“Dr. Manmohan Singh points out that the claim of doubling farm income by 2022 will require an agri growth rate of 14%, which is nowhere in sight,” he tweeted.

“Mrs. Sonia Gandhi cautions about the rain of despair and fear heaped upon India’s deprived and poor. Points out that rhetoric of PM Modi shows his desperation reflecting that reverse countdown of Modi govt has begun,” he tweeted.

The CWC that was constituted last week by Mr. Gandhi has 23 members, 18 permanent invitees, 10 special invitees.

However, the first meeting had 239 guests in attendance the extended CWC meeting includes State units chiefs, Congress legislature party leaders have been invited but also heads of different cells of the party, secretaries and joint secretaries.

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Agencies
May 17,2020

New Delhi, May 17: With the highest-ever spike of close to 5,000 cases in the past 24 hours, the COVID-19 count in India has crossed 90,000 on Sunday.

With an increase of 4,987 COVID-19 cases being reported in the last 24 hours, the count has reached 90,927, according to the Union Ministry of Health and Family Welfare.

The total number of active cases in the country stands at 53,946 today, while 2,872 deaths have been recorded due to the infection so far, with one patient having migrated. 120 deaths were reported in the last 24 hours.

However, on the positive side, close to 4,000 patients have also been cured and discharged in the past 24 hours, taking the tally of cured patients to 34,108.

With 30,706 confirmed cases, Maharashtra remains the worst-affected by the infection in the country.

It is followed by Gujarat and Tamil Nadu, with 10,988 and 10,585 cases, respectively.
The national capital, with 9,333 cases, is also one of the regions which is badly affected by the infection.

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News Network
May 7,2020

New Delhi, May 7: Food ordering and delivery platform Swiggy on Thursday said its co-founder and CTO Rahul Jaimini will move away from active role in the company during the month to pursue another entrepreneurial venture.

Jaimini will be joining Pesto Tech, a career accelerator start-up, as their co-founder, Swiggy said in a statement.

He will continue to be a shareholder and board member of Swiggy, it added.

Functions currently led by Rahul, including platform engineering, analytics, IT and labs, will be realigned to Dale Vaz, Head of Engineering and Data Science, who has been with the company for close to two years, the statement said.

"Technology was crucial to what we set out to build when we started Swiggy. Nandan (Reddy) and I could not have asked for a better partner to handle this aspect of the company," Swiggy co-founder and CEO Sriharsha Majety said.

It was Rahul's immense passion to 'build for the billions' that drove technological innovations that set Swiggy apart as we grew phenomenally over the years, he added.

"Working with technology that has large scale impact is what excites me, and I am grateful to have had the opportunity to do just this at Swiggy and grow tremendously over the years," Jaimini said.

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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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