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Congress Working Committee to decide new working chief after Budget session

Agencies
July 28, 2019

New Delhi, Jul 28: The Congress Working Committee meeting to decide the new Working President will meet after Parliament's Budget session with outgoing party chief Rahul Gandhi and General Secretary Priyanka Gandhi Vadra refraining from taking any decision, party sources said.

A senior Congress leader wishing not to be named said the CWC, party's top decision-making body, will meet after the conclusion of the Budget session to decide on the new Working President.

He said the CWC meeting was supposed to take place in the first week of August, but as the working of the House was extended for a week, the meeting will take place after that.

The party leader also said that Rahul Gandhi, who resigned as the party President earlier this month will attend the CWC meeting, but will not participate in electing his successor.

The party leader further said that even Rahul Gandhi's sister Priyanka Gandhi will not participate in electing the new Working President of the party.

The Congress President has offered to resign from his post during the CWC meeting on May 25, just two days after the Lok Sabha elections were declared.

However, his offer was rejected by the CWC members giving him powers to make structural changes in the party.

Rahul Gandhi has offered to step down taking the moral responsibility of the party's drubbing where it could manage to win only 52 out of 542 seats.

Comments

Mr Frank
 - 
Sunday, 28 Jul 2019

Changing president will not benifit congress only fighting to replace EVM to Ballot paper can be or wait to 2050 as Amit shah told.

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News Network
February 1,2020

New Delhi, Feb 1: India has uplifted 271 million people out of poverty, Finance Minister Nirmala Sitharaman said on Saturday.

In her second Budget presentation, the finance minister said the Budget for 2020-21, is woven around aspirational India, economic development and caring society.

The government aims to achieve seamless delivery of services through digital governance, she added.

"We shall strive to bring ease of living for every citizen," Sitharaman said.

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News Network
July 10,2020

New Delhi, Jul 10: With the highest single-day spike of 26,506 COVID-19 cases and 475 deaths reported in the last 24 hours, the total number of COVID-19 cases in India reached 7,93,802 on Friday, according to the Union Ministry of Health and Family Welfare.

Out of the total number of cases, 2,76,685 are active, 4,95,513 have been cured/discharged/migrated and 21,604 have died so far due to the infection.

With as many as 2,30,599 COVID-19 cases, Maharashtra continues to remain the worst-affected state, followed by Tamil Nadu (1,26,581) and Delhi (1,07,051).

Meanwhile, 2,83,659 samples were tested for coronavirus on Thursday, taking the total number of samples tested up to July 9 to 1,10,24,491, according to the Indian Council of Medical Research (ICMR).

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Agencies
July 30,2020

New Delhi, Jul 30: India's gold demand in 2020 is expected to fall to the lowest level in 26 years with domestic bullion prices hitting a record high and as falling disposable incomes could curtail retail purchases, the World Gold Council (WGC) said on Thursday.

Lower demand by the world's second-biggest bullion consumer could limit a rally in global prices, which hit a record high earlier this month, although it could also reduce India's trade deficit and support the ailing rupee.

"Fast rising gold prices could act as headwinds," said Somasundaram PR, the managing director of WGC's Indian operations.

Local gold futures have jumped 35% so far this year after rising a quarter in 2019.

India's gold consumption in the first half of 2020 plunged 56% on-year to 165.6 tonnes. Meanwhile, the coronavirus-triggered lockdown also slashed demand by 70% in the June quarter to 63.7 tonnes, the lowest in more than a decade, the WGC said in a report published on Thursday.

Millions of Indians have lost their jobs or taken a pay cut after the country imposed a lockdown on its 1.3 billion people to curb the spread of the virus that has infected more than 1.5 million Indians.

Consumption is generally high during the June quarter due to weddings and key festivals such as Akshaya Tritiya, but lockdown restrictions kept shoppers indoors this year.

The weak demand in the first half could drag down India's gold consumption in 2020 to the lowest since 1994, when demand stood at 415 tonnes, Somasundaram said, adding that it is still difficult to provide an estimate for full-year demand as the coronavirus crisis is still unfolding.

"Indian demand has previously jumped as much as 300 tonnes in a quarter. Latent demand could come out in the second half," Somasundaram said.

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