'Grand alliance' failed to take off as Rahul Gandhi did not override local satraps: Tarun Gogoi

Agencies
March 29, 2019

Guwahati, Mar 29: The opposition's anti-BJP 'grand alliance' failed to take the desired shape as Congress president Rahul Gandhi chose not to "override" the sentiments of state leaders who did not favour the move, party veteran and thrice Assam chief minister Tarun Gogoi said.

Gogoi, a six-term former MP and union minister, also rubbished the BJP's allegation of the Congress being a "dynastic" party, insisting it was the "most democratic" in the country.

He said despite the opposition alliance being nebulous because of lack of formal tie-ups, the anti-BJP parties were united in their intent of defeating the saffron party and its allies.

"Rahul Gandhi was keen on alliance most of the time. But the local party leaders said no. Our party gives importance to regional leadership. That is why we have not been able to form alliances in many places," Gogoi told PTI in an interview.

"Though the Congress is often dubbed as a dynastic party, it is the most democratic party. Rahul Gandhi does not override the sentiments of local leaders who are heard and given due importance," he said.

Gogoi, when asked if a pre-poll pact between potential partners of the proposed grand alliance could have got them more seats, said nobody can predict that with any amount of certainty.

The Assam leader also appeared to favour the largest party in a winning coalition deciding which direction the government would take.

"Even in case of alliance, the largest party can administer and rule the country. That is also needed. The single largest party must have sufficient strength so that it is not dependent on alliance all the time. Otherwise, the alliance (its smaller constituents) will dictate. And that is not a good for the country," he said.

Referring to the seat sharing agreement between the Congress and CPI(M) for the West Bengal assembly elections in 2016, he said it was not beneficial as "sometimes alliances do not help and go against our own interest".

The Congress leader conceded that uniting all opposition parties on one platform is not an easy task as ideological differences and reluctance to cede political space to each other often come in the way.

"Yes, votes get divided because of this. But who will make the sacrifice? Nobody will sacrifice. Why should we leave our seat when the other party doesn't? Yes, is will be better if things are done in the spirit of give and take, but that is not possible because of divergence and differences among us," he said.

Gogoi was responding to a question about division of secular votes in 2014 that helped BJP secure a majority in the Lok Sabha on its own, the strongest public mandate secured by any party since 1984 when the Congress had won a landslide.

"How much vote did they (BJP) get last time? Only 31 per cent. He (Modi) only gave an impression that he is the most popular prime minister. Probably, he is the only one to become the prime minister with lowest percentage of votes," Gogoi said.

When asked about Congress's failure to clinch an electoral pact with the CPI(M) in West Bengal, the former chief minister said it was because the two were on the rival side of the political divide in Kerala.

"If we praise them here, how will we criticise them there?"

He, however, insisted all opposition parties were unanimous in their view that they must fight the Narendra Modi government's "dictatorial and pro-rich" policies.

The Congress veteran leader claimed the Centre's assertions on development were "sheer propaganda".

"Farm distress, job loss, slowdown in construction and manufacturing, failure to check price rise, fall in exports and decline in GDP....Overall the the Indian economy is in a bad shape. Indications are that the country is on decline. It is not moving up, but going down," he claimed.

Gogoi was, however, optimistic about the Congress's prospects in the elections despite the opposition alliance failing to take off the way it should have.

"The Congress's prospects this time are very good. I think it will get around 200 seats. Indian people are intelligent. They would sometimes punish and then reward," he said, apparently the party's lowest ever tally of 44 seats in 2014 LS polls weighing on his mind.

He also maintained the BJP's tally in states like Uttar Pradesh, Gujarat, Maharashtra, Chhattisgarh, Rajasthan and Madhya Pradesh, where it had scored impressive victories like never before, will go down.

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News Network
February 14,2020

Washington, Feb 14: The United States has called for making Jamaat-ud-Dawa (JuD) chief Hafiz Saeed accountable for his involvement in the planning of "numerous acts of terrorism, including 2008 Mumbai attacks". "We continue to call for Hafiz Saeed to be held accountable for his involvement in the planning of numerous acts of terrorism, including 2008 Mumbai attacks that killed 166 innocent people, including 6 Americans," US State Department spokesperson said on Thursday (February 13, 2020).

US State Department spokesperson said this while commenting on the Saeed`s conviction in terror financing cases.

The spokesperson said Hafiz Saeed`s conviction on terror financing is a step towards curtailing the operation of a terrorist group that threatens peace and stability in South Asia.

"We urge Pakistan to continue to take appropriate legal action against individuals who commit acts of terrorism, raise funds for, or advocate for terrorism," the official said.

On Wednesday, Alice Wells, Principal Deputy Assistant Secretary of US for South and Central Asian Affairs had termed the conviction of 26/11 Mumbai terror attack mastermind Hafiz Saeed as an "important step forward" towards holding terrorist organisation LeT "accountable for its crimes".

"Today`s conviction of Hafiz Saeed and his associate is an important step forward - both toward holding LeT accountable for its crimes and for #Pakistan in meeting its international commitments to combat terrorist financing," she tweeted.

"And as @ImranKhanPTI has said, it is in the interest of #Pakistan`s future that it not allow non-state actors to operate from its soil," she said in another tweet.

An anti-terrorism court in Lahore, Pakistan on Wednesday sentenced Mumbai terror attack mastermind and chief of the banned Jamaat-ud -Dawa (JuD) Hafiz Saeed to five-and-a-half years in prison each in two terror financing cases.

Pakistan based Dawn reported that he was slapped with a prison sentence of five-and-a-half years and a fine of Rs15,000 in each case and the sentences of both cases will run concurrently.

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Agencies
March 8,2020

Mumbai, Mar 8: A day after the Enforcement Directorate registered a money laundering case against Yes Bank founder Rana Kapoor and raided his premises, he was taken to the agency's office in Mumbai on Saturday for further questioning.

Kapoor, who was grilled by central agency's officials on Friday night at his Samudra Mahal residence in Mumbai, was shifted to the ED office in the metropolis around 12.30 pm.

ED officials said Kapoor was questioned throughout the night, with some rest time.

A senior ED official connected with the probe told IANS: "Kapoor will be questioned about Yes Bank loans to Dewan Housing Finance Limited (DHFL)."

The official said that during searches a lot of incriminating documents were found and the agency wanted to grill him on his links with DHFL promoters and other companies.

Kapoor's alleged role in the disbursal of loan to a corporate entity and kickbacks reportedly received in his wife's bank account are also under probe.

The ED had filed the money laundering case against Kapoor and raided his residence, apart from issuing a look-out circular so that he does not flee the country.

The ED registered a money laundering case against Kapoor as a continuation of its probe against the DHFL wherein it was allegedly found that Rs 12,500 crore was diverted to 80 shell companies using one lakh fake borrowers. The transactions with these shell companies date back to 2015.

An ED official in New Delhi told IANS that the DHFL probe revealed that funds diverted by the DHFL originated from Yes Bank.

He said that the searches at Kapoor's residence on Friday night were meant to find out any irregularity in grant of loans to the DHFL by the Yes Bank.

The ED has accused Kapil and Dheeraj Wadhawan of DHFL of purchasing shares in five firms -- Faith Realtors, Marvel Township, Abe Realty, Poseidon Realty, and Random Realtors -- after which they were amalgamated with Sunblink.

The outstanding loans of these five firms, totalling around Rs 2,186 crore till July 2019, were allegedly appropriated onto the books of Sunblink to cover up the diversion of loans acquired from DHFL.

The ED's action comes after the RBI superseded Yes Bank Board for 30 days and appointed an administrator, putting a cap of Rs 50,000 on withdrawals by account holders for a month.

The RBI said that the bank's board was superseded "owing to serious deterioration in the financial position of the bank".

Former SBI CFO Prashant Kumar was appointed as administrator of Yes Bank, which has over 1,000 branches and 1,800-plus ATMs across the country.

On Thursday, Union Finance Minister Nirmala Sitharaman said that the bank was on watch since 2017 and developments relating to it were monitored on a day-to-day basis.

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News Network
March 20,2020

New Delhi, Mar 20: The coronavirus pandemic will leave behind a global recession with small businesses, self-employed and daily wagers taking the worst hit, Mahindra Group Chairman Anand Mahindra said on thursday.

"The virus will eventually be conquered, but it will have left behind a global recession. The costs of that are incalculably high at this time. The most fearsome toll will be on small businesses, the self-employed & those whose lives depend on meagre daily wages," Mahindra said in a tweet.

Apart from the toll on lives, the legacy of Covid-19 may well be deaths due to stress, loss of livelihoods, a rise in homelessness and in extreme situations, civil unrest, he added.

"The only global experience that has lessons for us in the current situation is the last world war. In the aftermath of WW2, the US came up with the Marshall plan to revive Europe, effectively a giant fiscal pump-priming," Mahindra said.

In the US, the government dramatically dismantled regulations and opened up the economy to trade and these actions led to a boom-cycle that stretched to 1975, he added.

"This time, there will be no victors, only the vanquished. So every country will have to create its own post ‘virus war” marshall plan & take care of those in society who are hit the hardest. Perhaps we too can build the foundations of a sustained global growth cycle," Mahindra said.

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