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Good alliance in Vajpayee's regime, suffered in Modi's time says Mehbooba

Agencies
July 30, 2018

Jammu and Kashmir, July 30: Reminiscing "golden times" under former Prime Minister Atal Behari Vajpayee, former Chief Minister of Jammu and Kashmir Mehbooba Mufti on Monday asserted that she "suffered" by joining hands with the Bharatiya Janata Party (BJP) under the current Narendra Modi-led central government.

Addressing party workers and supporters at the 19th Foundation Day celebration of the Peoples Democratic Party, Mehbooba stepped up her pitch in an attempt to regain the lost ground. She spoke about the struggles and difficulties she had to encounter as a chief minister while leading a coalition government with the BJP in the state.

Since the state prospered under the patronage of Vajpayee-led central government despite the fact that the PDP-Congress were alliance partners in the state, Mehbooba said, "Mufti Sahab (Mufti Mohammed Sayeed) agreed to join hands with BJP again (in 2015) because we had a good understanding during Vajpayee ji's reign. But this time, it was a difficult decision. Forming an alliance with the BJP was like drinking poison. I suffered during the two years and two months of the alliance."

The state went to assembly polls in 2014 end. Mufti Mohammed Sayeed became the chief minister in March 2015 by joining hands with the BJP. His party, PDP, won 28 seats and the BJP bagged 25 in a house of 87 members. Mufti did not even rule for a year, when he passed away in January 2016. For three months, Mehbooba stayed away from taking charge. Finally on April 4, 2016 she took oath as the first woman chief minister of the trouble-torn state.

Recollecting the days of Mufti Mohammed Sayeed during Vajpayee's time, Mehbooba said: "Mufti Sahab and his time in the government was the golden time for the state. The state developed and prospered during that time. The militant activities were in control and there was peace in the state. There was ceasefire on the border. We constructed roads, colleges and universities."

However, she added, "The moment the alliance ended and the government changed, all the work for peace came undone." In the 2002 assembly elections, PDP and Congress formed the government in the state and Mufti became the chief minister. However, there was an understanding between the PDP and the Congress that the chief minister would be on a rotational basis. So, in a six-year term of the state assembly, Mufti was the chief minister for the first three years from 2002-2005. After that Congress senior leader Ghulam Nabi Azad became the chief minister. Subsequently there were strains in the alliance.

Talking about the growth of her party, Mehbooba said, "There was a clear vision in the mind of the Mufti Sahab. He had no confusion about the country and state." She further talked about the work she did during her time as the chief minister of the state.

She said, "I did everything I could in the two years I had. I did not discriminate between Jammu and Kashmir. We opened same number of colleges for both the states. There was no corruption in government jobs." She tried to clarify her party's stand since there were allegations that Jammu was getting discriminated in infrastructure and developments.

She also addressed the Kathua rape case and said, "A rapist has no religion. The people who gave it a communal colour do not remember the valour of brave Dogra community." She emphasised that she did not compromise anything when it came to the development of the state.

"We went through a lot of difficulties during the two years of alliance. I never spoke about it but today, I will not hold back," said Mehbooba while talking about her time in the government.

Clearing the misgivings about her tenure, she further said, "I did not give up on anyone and stayed to work for the state. Even though the alliance ended, we are not sad about it because we did not form the alliance just to come in power. We had a bigger motive, the development of the state."

On Saturday, Mehbooba urged the Centre to seize the opportunity by extending a hand of friendship with Pakistan's Prime Minister-in-waiting Imran Khan so that issues between the two countries could be resolved.

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News Network
July 11,2020

Kanpur, Jul 11: "The Uttar Pradesh administration has done the right thing by taking action against my son," said an old and feeble Ram Kumar Dubey, father of gangster Vikas Dubey.

The father said his son killed eight police officials and it was an unforgivable sin.

"Had he listened to us, his life would not have ended this way. Vikas never helped us in any way. Due to him, even our ancestral property was razed to the ground. He also killed eight policemen, which is an unforgivable sin. The administration has done the right thing. Had they not done so, tomorrow others would have acted similarly," Ram Kumar said.

"It is the chief minister's duty to protect every individual. The police is an extension of that. He attacked them which cannot be forgiven. I will not even take part in his cremation," he added.

Ram Kumar Dubey said that his only appeal to the government is to allow him entry to his ancestral property now.

Vikas Dubey was cremated at Bhairav Ghat in Kanpur. His wife, younger son and brother-in-law were present and no other member of his family attended the last rites.

Vikas Dubey was arrested by the police in Ujjain on Thursday morning. He was on the run for the last six days and had come to the city to offer prayers at a temple, where he was identified by a security guard.

He was killed in an encounter by the Uttar Pradesh Police earlier today after he "attempted to flee".

The gangster was the main accused in the encounter that took place in Bikru village in Chaubeypur area of Kanpur last week, in which a group of assailants opened fire on a police team, which had gone to arrest him.

Eight police personnel were killed in the encounter.

Vikas Dubey managed to escape after the incident. Uttar Pradesh police had launched a hunt and raised a bounty on him for Rs 5 lakh.

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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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News Networkwork
May 14,2020

Bengaluru, May 14: ABB India has posted a profit after tax of Rs 66 crore during the first quarter (January to March) due to lower volumes including service revenue and unfavourable mix.

In Q1 CY19, it had reported a profit after tax of Rs 89 crore. ABB India follows calendar year as its fiscal year.

The company reported a profit including exceptional items and before tax of Rs 87 crore. The resultant under-absorption and mark-to-market impact due to forex volatility were partly offset by refund incomes and a one-time gain on sale of solar business during the quarter.

Revenues for the first quarter stood at Rs 1,522 crore, impacted by lower sales, non-receipt of delivery clearance, lower service revenue in the nationwide lockdown due to the COVID-19 pandemic. This impact primarily occurred in March, the company said in a statement.

ABB India said it continues to maintain a stable cash position of Rs 1,464 crore as on March 31 in a market where cash collection continues to be a challenge.

Besides, despite many activities coming to a standstill in March, the quarter was marked by commissioning for a mining major at Raigarh in Chhattisgarh, electrical and automation systems for a cement major and port and electrics, drives and automation for a leading mill in Bangladesh.

Terminal installation and commissioning for LPG, power management electrical control system for a leading refinery and commissioning of two units of a power plant in Kerala are some of the other projects where ABB's involvement ensured continuity and safe operations, it said.

On a global scale, the impact of COVID-19, as well as the fall in oil prices, has significantly impacted the short-term outlook. The global economy is expected to contract in 2020 after a rapid deterioration in outlook driven by the pandemic.

Despite unprecedented stimuli by governments and central banks around the world and initial signs of recovering economic activity in China, macro-indicators point to a global recession of uncertain duration as many countries continue to face restrictions with anticipated long-term economic consequences, said ABB India.

While the company is taking prompt action to adapt its operations and cost base to safeguard profitability, it expects the results in the coming quarter to be impacted due to the loss of volumes.

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