JD(U) national meet likely to indicate opposition to Narendra Modi

April 13, 2013

Narendra_Modi

New Delhi, Apr 12: Amid strong reservations within the party over Narendra Modi's much-speculated projection as BJP's Prime Ministerial candidate, the two-day national meet of JD-U beginning here tomorrow is set to bring the spotlight back on NDA's next candidate for the top post.

The national executive and national council meeting of JD(U) will also see a formal announcment of Sharad Yadav as the party's President for a third consecutive time.

The Constitution of JD-U was amended on March 5 to provide a third term to Yadav who had first become its chief in 2006 replacing George Fernandes.

JD-U, whose antipathy to Narendra Modi is well-known, is likely to make a strong demand for early projection of the next Prime Ministerial candidate of the alliance and emphasise its committment to secularism ahead of Lok Sabha elections.

Though party leaders have remained tighlipped about the contents of the political resolution to be passed at the meeting, there is a likelihood that the party refrains from naming Modi in it but making its reservatioins against his candidature more than clear.

There are indications that the party leaders will vehemently oppose projection of the Gujarat Chief Minister for the top job.

Talking to PTI, Rajya Sabha MP from JD-U Ali Anwar Ansari said "it is the old stand of the party that some secular leader should be projected as Prime Minister of NDA, a leader, who is acceptable to all and who believes in taking all sections together. It should be announced before the polls, who will be NDA's Prime Ministerial candidate."

Congress leader from Bihar Shakeel Ahmed, however, mocked at JD(U)'s "secular search" saying "if somebody is searching for secular leader and says no to Narendra Modi but yes to L K Advani, it makes no sense."

"Modi is the symptom of the disease (of communalism) that Atal Behari Vajpayee and Advani had spread," he said. JD(U) President Sharad Yadav had yesterday evaded a direct reply on whether the

party will oppose the projection of Modi. "We had never compromised on the issue of secularism nor will we do now," he said.

He was asked whether secular credentials of NDA's next Prime Ministerial candidate will be an important issue to be discussed at the JD(U) meet.

On whether the party will discuss the issue of Modi's increased projection in BJP, he had said "there is no bar on any issue. Everything can be discussed. Sky is the limit as far discussing issues is concerned.

There has been unease in JD(U) over Modi and Bihar Chief Minister Nitish Kumar, who runs a coalition government with BJP, has been a known critic of Modi.

A sizeable section in JD-U believes that parting of ways with BJP will be unavoidable if Modi is projected a Prime Ministerial candidate in Lok Sabha polls.

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News Network
June 1,2020

New Delhi, Jun 1: The Directorate General of Civil Aviation (DGCA) on Monday asked airlines to allot seats in flights in such a manner that middle seats are kept vacant to the extent possible.

However, if a flyer has been allotted the middle seat due to a high passenger load "then additional protective equipment like the wrap-around gown of the Ministry of Textile approved standards" must be provided to that passenger in addition to three-layered face mask and face shield, said the DGCA order, which has been accessed by news agency.

India resumed its domestic passenger flights from May 25 after a gap of two months due to the coronavirus-triggered lockdown. International commercial passenger flights continue to remain suspended in the country.

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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
May 7,2020

New Delhi, May 7: Air India has opened bookings for eligible foreign nationals and valid visa holders of the UK, the USA and Singapore for outbound repatriation flights that will be operated between May 7 and May 14 under the Vande Bharat mission, officials said.

Foreign nationals or valid visa holders will be charged the same fare as Indian nationals who want a seat on the inbound repatriation flights, they said.

For all flights between India and the USA under the Vande Bharat mission, Air India is charging a fixed fare of Rs 1 lakh per passenger.

For flights between India and Singapore, the charge is Rs 18,000-20,000 per passenger, and it is Rs 50,000 per person for India-UK flights.

On Tuesday, the Ministry of Home Affairs had clarified that a person who has an Overseas Indian Citizenship (OCI) card, or citizenship of a foreign country, or a valid visa of more than one year of that country, or the green card of that country can travel on repatriation flights leaving India under the Vande Bharat mission.

Air India will be conducting 64 flights to 12 countries between May 7 and May 13 to bring back approximately 15,000 Indians stranded due to the coronavirus-induced lockdown, Civil Aviation Minister Hardeep Singh Puri had announced on Tuesday.

However, some flights have been delayed and therefore, this set of 64 flights will be operated between May 7 and May 14, the airline officials said.

On Wednesday, an Indian businessman and his cook landed at Delhi airport from Lusaka in Zambia in a plane that was supposed to come without any passengers, senior government officials said.

The private chartered aircraft was scheduled to come empty and take around 40 Zambian nationals to Lusaka in a repatriation flight, they added.

"We had not permitted any incoming passengers. We will seek explanation from the airline (private operator) as to how it happened. BOI (Bureau of Immigration) has a very stringent protocol for dealing with such deviations, which must have been acted upon," said a senior official of aviation regulator DGCA.

It is not clear if the businessman and his cook were deported or sent to a quarantine facility within India.

India has been under a lockdown since March 25 to curb the spread of the novel coronavirus. All scheduled commercial passenger flights have been suspended during the lockdown.

However, cargo flights, medical evacuation flights and special flights permitted by Directorate General of Civil Aviation (DGCA) have been allowed to operate during this time.

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