Delhi polls: Kejriwal, Bedi or another hung assembly? Voters to decide today

February 7, 2015

New Delhi, Feb 7: A year after the Arvind Kejirwal-led government hastened the flashpoint on Jan Lokpal Bill and abandoned the people's verdict, Delhi votes again on Saturday in a keenly watched contest.

delhi poll

Voters will decide whether to give Delhi a decisive mandate in favour of the AAP or the BJP, or keep it a hung assembly even after a year of President's Rule.

Political parties are desperate for a clear verdict, pleading with voters with slogans like 'Poorn Bahumat (absolute majority)', 'Sthir Sarkar (stable governmnet)', 'Chalo chale Modi ke sath (Let's go with Modi)' and Paanch Sal Kejriwal (FIve years for Kejriwal)'. It has been a hard-fought campaign. A year under President's Rule, parties could never really take it easy. It was like a prep break between two exams.

Winning a state is always important for a national party. But Delhi's battle for the ballot is a different ballgame. Prime Minister Narendra Modi has already flagged it as an election the "world is watching". An Obama or a Merkel would not be interested in how the elections pans out in Patparganj or Matiala, but they just might be following the BJP juggernaut. For the party and its leader, it is a battle of honour.

For one, it will be a big popularity test for the PM, right at his seat of power. Many believe that the BJP, albeit late, anointed Kiran Bedi as the CM candidate not just to provide a counter-balance to Kejirwal but to insulate Modi from the embarrassment of an electoral defeat.

As successive opinion polls pointed in favour of the AAP, the BJP got all boots on the ground. Twenty two ministers, 120 MPs and chief ministers of BJP-ruled states were all in town for campaigning and taking charge of media briefings. BJP president Amit Shah and his colleague Union Minister Venkaiah Naidu have already urged the media not to judge the outcome of Delhi polls as a referendum on the Modi government.

Just nine months back, the Modi wave won the BJP all seven Lok Sabha seats and a 46% vote share in the Capital. At a rally in Dwarka, Modi exhorted voters to throw their lot with his "lucky" government. Delhi's multiple jurisdictions may make a tempting case for electing the party in Delhi that rules at the Centre. Would Delhi want to ride his luck?

Delhi electorate would also decide if it has forgiven Arvind Kejriwal who it embraced with much love just 14 months ago. His Aam Aadmi Party made a spectacular debut in the Delhi assembly, winning 28 of the 70 seats by selling a strong brand of political activism.

But once in government, AAP's unorthodox ways earned them uncharitable tags of being populists and anarchists. The party's tryst with power lasted only 49 days. Riding the high horse, Kejriwal thought he scored a moral victory. But the 'bhagoda' (deserter) tag stuck on, costing him the middle-class vote and a chance to score in the Lok Sabha polls last year.

All through the campaign this election, Kejriwal has been profusely apologising to the voters for abandoning the people's verdict. Projecting himself as politician who is not afraid to admit he made a mistake, he has played an emotional card while his party quickly went back to the drawing board.

A second chance is always hard to come by, but if the opinion polls are anything to go by, AAP's mopping up efforts has worked. The working class seems to be rooting for the party. The minority vote also seems to have slipped out of the Congress's hands.

For the grand old party, the fight is for survival, to remain politically relevant. More than its own leadership, it is the BJP which is hoping against hope that the Congress does well. A split in minority and working class vote may hurt the AAP.

The contest remains tight. In the absence of a talking-point agenda, eventually it may come down to credibility, and therefore, again to personalities. With political name-calling making daily headlines, who will Delhi trust to deliver is the big question the city voters will answer on Saturday. Let's hope it will be a clear mandate this time around.

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News Network
March 10,2020

New Delhi, Mar 10: Minutes after Jyotiraditya Scindia submitted his resignation to the party membership to Congress chief Sonia Gandhi, the Congress expelled him for anti-party activities after reports emerged that he had met PM Modi and Amit Shah.

Disgruntled Congress leader Jyotiraditya Scindia met Prime Minister Narendra Modi on Tuesday amid indications that he might join hands with the BJP to topple the Madhya Pradesh government.

Sources said Scindia first met Union Home Minister Amit Shah, and then the two leaders met Modi at the prime minister's residence.

Legislators loyal to Scindia, who has been upset with the Congress leadership with his marginalisation in the affairs of the Madhya Pradesh Congress, are likely to quit the party to reduce the Kamal Nath-led government to a minority.

It is likely to be followed by the Bharatiya Janata Party staking claim to form the government in the state.

The Congress President has approved the expulsion of Jyotiraditya Scindia from the Indian National Congress with immediate effect for "anti-party activities," said KC Venugopal, General Secretary Congress.

No person is, nor will be greater than the party: Congress youth wing chief

Indian Youth Congress (IYC) chief Srinivas B V on Tuesday slammed Jyotiraditya Scindia, who has announced his resignation from the primary membership of the Congress, and thanked party chief Sonia Gandhi for expelling the former Guna MP "who was promoting anti-party activities and factionalism".

"The history of 1857 and 1967 was once again repeated," Srinivas B V said, referring to the 1857 Revolt against East India Company and the role of the Scindia royals back then as well as Vijayaraje Scindia's switch from the Congress to the Jana Sangh in 1967.

"I would like to thank Congress president Sonia Gandhiji for taking the strong steps to expel the leader who was promoting anti-party activities and factionalism," the IYC chief said.

"No person is, nor will be greater than the party," he added.

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Agencies
March 15,2020

Financially troubled Yes Bank on Saturday reported a standalone net loss of ₹ 18,560.31 crore for the third quarter of the financial year 2019-20. This is amongst the biggest losses reported by the India Inc.

At present, the private lender is under a moratorium and is controlled by the office of the administrator appointed by the RBI.

The bank had reported a net profit of ₹1,001.85 crore during the corresponding period of the previous financial year.

Besides, the bank's total income fell to Rs 6,268.50 crore from Rs 8,849.81 crore earned during the October-December quarter of the previous fiscal.

On consolidated basis, Yes Bank reported a net loss of ₹18,564.24 crore for the December quarter from a net profit of Rs 1,000.57 crore in the corresponding period of the previous fiscal.

The independent auditor's review report on the consolidated results pointed out that there is a "material uncertainty related to going concern" of the bank.

"The said assumption of going concern is dependent upon the degree of success of the final reconstruction scheme, the quantum of capital infused into the bank and the bank's ability to stabalise its deposit balances post withdrawal of the moratorium by the RBI. Our conclusion is not modified in respect of this matter," the auditor said.

Furthermore, the bank recognised additional loans of ₹ 5,150.2 crore as NPAs and related provisioning requirements of ₹772.5 crore for the quarter ended December 31, 2019.

The bank has recognised an additional provisions of ₹15,422.0 crore in the quarter ended December 31, 2019.

Last week, the RBI placed Yes Bank under moratorium and capped the withdrawal limit at ₹50,000 till next Wednesday.

Additionally, the central bank also superseded Yes Bank's board of directors and appointed former SBI CFO Prashant Kumar as its administrator.

Meanwhile, Kumar has been appointed as the new Chief Executive Officer of the financially troubled lender. He will take over his new responsibilities once the moratorium on the stressed lender is lifted on Wednesday.

Apart from Kumar, Sunil Mehta, former non-executive Chairman of Punjab National Bank, will take over as the non-executive Chairman of Yes Bank.

Other board members include Mahesh Krishnamurthy and Atul Bheda, both as non-executive Directors.

Additionally, six private lenders have joined the SBI to rescue Yes Bank with Federal Bank committing ₹300 crore by subscribing to 30 crore shares of ₹2 each at a premium of ₹8 per equity share.

The six private lenders have now committed an investment of ₹3,700 crore in the cash-strapped private sector bank.

On Friday, ICICI Bank and Housing Development Finance Corporation (HDFC) Ltd had announced that they will be investing ₹1,000 crore each in Yes Bank's equity. Axis Bank and Kotak Mahindra Bank will be investing ₹ 600 crore and ₹500 crore, respectively, while Bandhan Bank will invest ₹300 crore.

The SBI board has already approved up to 49 per cent stake purchase in Yes Bank, as per the RBI's reconstruction scheme for the lender. It had said on Thursday that an investment of ₹7,250 crore would be made in Yes Bank to pick up₹ 725 crore equity shares.

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News Network
June 16,2020

New Delhi, June 16: Tensions along the Line of Control border between India and China have spiked with an Indian army officer and two soldiers killed in the Galwan area of Ladakh, the Indian army said in a statement on Tuesday.

This is the first time in decades that a clash involving casualties has taken place on the 3,488 kilometre border between India and China.

"During the de-escalation process underway in the Galwan Valley, a violent face-off took place yesterday night with casualties. The loss of lives on the Indian side includes an officer and two soldiers. Senior military officials of the two sides are currently meeting at the venue to defuse the situation," said an official statement.

The two sides had made headway in talks last week with army chief General MM Naravane saying disengagement was in progress. The development had come after weeks of tension, including an incident in which patrolling soldiers from the two sides came to blows on the banks of Pangong Lake, resulting in injuries.

The two armies have since thinned out some forces in a positive signal but soldiers, tanks and other armoured carriers remained heavily deployed in the high-altitude region, an official had said.

India and China fought a brief border war in 1962 and have not been able to settle their border despite two decades of talks. Both claim thousands of kilometres of territory and patrols along the undemarcated Line of Actual Control - the de-facto border - often run into each other, leading to tensions. 

Comments

Angry Indian
 - 
Tuesday, 16 Jun 2020

where is our angry desh bakth RSS and sanghi...hiding in rat hole or @%#hole...now you can show your 56 inch chest to chinese...when pakistan destroyed our two fighter jet that time i relised we are making an monkey army not indian army...still time exist, still we have courage army...but we lack leader...we have maron PM...and some dog follower..they only know to bark in media and whatsapp...in reality they are just real na pustak...

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