Lalu makes emphatic comeback, to be kingmaker in Bihar

November 8, 2015

Patna, Nov 8: Notwithstanding a string of losses that began with the defeat in the 2005 assembly polls when his party was ousted from power after 15 years and a court ruling, which will keep him out of electoral fray for six years, RJD boss Lalu Prasad has made a resounding comeback on Bihar's political stage.

lalu1The man, who once lorded over Bihar, was pushed to the margins after the 2010 assembly elections when the NDA under incumbent Chief Minister Nitish Kumar won an astounding four fifth majority in the 243-member assembly, winning 206 seats and restricting RJD to a paltry 22, its worst-ever tally.

The once seemingly invincible RJD, with its massive Muslim-OBC votebank, was not even eligible for the Leader of Opposition's post.

If the 2005 polls marked the exit of the Lalu-Rabri duo from the hot seat, 2010 debacle appeared to have exacerbated the process of RJD's marginalisation in state politics.

Lalu's conviction in a fodder scam case in 2013 came as a personal blow to him as it led to his immediate disqualification from the Lok Sabha and a ban from contesting an election at least for six years.

The 2014 Lok Sabha election was a crucial test for the backward class leader which he was to lead as a non-playing captain for the first time.

The results came as another jolt to RJD and Lalu, with the party managing to win only four of the state's 40 seats.

The successive defeats, however, carried seeds for a future reunion with friend-turned-foe Nitish Kumar, whose JD(U) had also been humiliated in the 2014 election, managing to win just two seats after parting ways with 17-year-old ally BJP in June 2013 over Narendra Modi's anointment as the party's campaign spearhead for last year's LS polls.

Acutely aware of Prime Minister Narendra Modi's personal charisma and BJP's growing popularity in the state, they began cosying up to each other after the Lok Sabha debacle.

With Samajwadi Party chief Mulayam Singh Yadav playing the role of a peacemaker, the two backward class heavyweights resolved their differences and decided to contest the 2015 Bihar polls in tandem.

Lalu, the wily practitioner of realpolitik, after initial reluctance, agreed to accepting Nitish Kumar as the grand alliance's chief ministerial candidate.

With he himself not eligible to contest elections, his wife Rabri Devi unwilling to return to the hurly burly of politics, and sons Tejaswi and Tej Pratap too young to handle the pressure that comes with the hot seat, Lalu declared Nitish Kumar will be the Chief Minister even if RJD won more seat than JD(U).

When RSS chief Mohan Bhagwat suggested a review of the reservation policy in an interview to Sangh organs Organiser and Panchjanya, Lalu, one of the most enduring mascots of post-Mandal politics, was quick to pounce on it and raise an alarm about a move by the Narendra Modi government to scrap quotas.

He repeated the charge, rally after election rally, and Modi's counteroffensive about the grand alliance favouring a dilution of quotas for dalits, tribals and OBCs to give five per cent reservation to Muslims failed to cut much ice with the electorate.

Lalu promptly declared the poll as 'Mandal Raj Part II' and a fight between the 'backwards and forwards', ensuring a rapid polarisation along caste lines, something which had kept RJD in power for 15 years in the politically volatile state.

While there was an apparent consolidation of backward class and Muslim voters in grand alliance's favour, the beef talk by the leaders of the NDA, particularly BJP, including Prime Minister Narendra Modi, failed to bring about a consolidation of Hindu votes in the favour of the centre's ruling alliance.

Of the 192 seats in the 243-member state assembly trends from where are available so far, Lalu's RJD is leading the table with 55 seats and JD(U) 52. BJP was leading in 53 seats and its allies LJP (6), Rashtriya Lok Samata Party and Hindustani Awam Morcha (three each).

Like the Lok Sabha polls in which his daughter Misa Bharti lost to his former protege Ram Kripal Yadav of BJP, his two sons Tejaswi and Tej Pratap are trailing from Raghopur and Mahua in Vaishali district.

Personal losses notwithstanding, Lalu is set to become the king maker in Bihar, if not the king.

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News Network
March 25,2020

Kolkata, Mar 25: Amid the countrywide lockdown in the wake of coronavirus outbreak, Chief Minister Mamata Banerjee on Wednesday said that all police stations will take responsibility to deliver food at doorsteps under the supervision of District Magistrates and Police Superintendents.
"As we have to ensure that there is no scarcity of food, all Police stations will take responsibility to deliver food at doorsteps and it will be monitored by District Magistrates and Police Superintendents," said Banerjee at a press conference here.
She also said that under the social pension schemes, the pension holders will get their pension of March and April together.
Speaking on local police blocking people involved in essential services, she said, "The Officer-in-charge will have to ensure that the local police know about the rules and exemptions during the lockdown."
"If any police official or an administrative official is found flouting the lockdown norms, then strict action will be taken against them," she added.
The Chief Minister also said, "If somebody needs to help us by giving materials then they need to contact health department official Sanjay Bansal, whose contact number is - 9051022000."
"The government has also launched a State emergency relief fund wherein people can donate. For donation, the account number is 628005501339, IFSC: ICIC0006280 and website: wb.gov.in," she said.
She also said that on March 31 the government will review the situation.
According to a recent update by the Ministry of Health and Family Welfare, a total of 562 positive cases for coronavirus have been confirmed in the country.

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Agencies
February 10,2020

New Delhi, Feb 10: The government is set to privatise Central Electronics Ltd, a CPSE under the Department of Science and Technology, by selling its 100% stake with management control and has invited the Expression of Interest for the same by March 16.

The selected bidder will be required to lock in its shares for a period of three years during which it cannot undertake the sale of its stake in CEL, the PIM (Preliminary Information Memorandum) said.

"The government of India has 'in-principle' decided to disinvest 100 per cent of its equity shareholding in CEL (which is equivalent to 100 per cent of the total paid up equity share capital of CEL) through Strategic Disinvestment with transfer of management control (Strategic Disinvestment or Transaction)," DIPAM, the Disinvestment Department, said.

The process for the transaction has been divided into two stages, namely, Stage I and Stage II.

After BPCL and Air India, this is yet another CPSE which government is slated to privatise if it gets offers from bidders.

The government has set a challenging target of Rs 2.1 lakh crore disinvestment proceeds from CPSE sell-offs and IPOs, OFSs (Offer for sale) in the next fiscal and it going out all guns blazing to meet that target after revising this fiscal target of Rs 1.05 lakh crore to Rs 65,000 crore.

The Interested Bidders (which can also include employees of CEL) must have a minimum net worth of Rs 50 crore as on March 2019. DIPAM has released complete invitation Preliminary Information Memorandum (PIM) of CEL. Resurgent India Limited is the advisor to the Transaction.

CEL is a pioneer in the country in the field of Solar Photovoltaic (SPV) with the distinction of having developed India's first Solar cell in 1977 and first Solar panel in 1978 as well as commissioning India's first solar plant in 1992.

More recently, it has developed and manufactured the first crystalline flexible solar panel especially for use on the passenger train roofs in 2015.

Its solar products have been qualified to International Standards IEC 61215/61730. CEL is further working on development of a range of new and upgraded products for signaling and telecommunication in the railway sector.

In the SWOT analysis of the CPSE, DIPAM has stated under weakness that "the company has weak financial loss due to past losses, high manufacturing cost and non payment of dues by state nodal agencies affecting the financial position of the company".

The CPSE has adequate land for expansion, the SWOT analysis said adding "the CPSE faces threat of dumping of solar cells at very low rates which makes solar PV manufacturing industry unviable".

Entry of new players in the market for solar products and railway signalling systems also is cited as a threat.

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Agencies
January 15,2020

Mumbai, Jan 15: The Reserve Bank of India (RBI) on Wednesday redistributed portfolios of Deputy Governors following the appointment of Michael Debabrata Patra to the post.

An official release said that NS Vishwanathan will handle co-ordination, Department of Regulation (DOR), Department of Communication (DoC), Enforcement Department, Inspection Department (ID), Risk Monitoring Department (RMD), and Secretary's Department.

BP Kanungo will look after Department of Currency Management (DCM), Department of External Investments and Operations (DEIO), Department of Government and Bank Accounts (DGBA), Department of Information Technology (DIT), Department of Payment and Settlement Systems (DPSS), Deposit Insurance and Credit Guarantee Corporation (DICGC), Foreign Exchange Department (FED), Internal Debt Management Department (IDMD), Legal Department (LD) and Right to Information (RIA) Division.

The release said that MK Jain will handle the Department of Supervision (DOS), Consumer Education and Protection Department (CEPD), Financial Inclusion and Development Department (FIDD), Human Resource Management Department (HRMD), HR Operations Unit (HR-OU), Premises Department (PD), Central Security Cell (CSC), and Rajbhasha Department.

Patra will look after the Monetary Policy Department including Forecasting and Modelling Unit (MPD/MU), Financial Markets Operations Department (FMOD), Financial Markets Regulation Department including Market Intelligence (FMRD/MI), International Department (Intl. D), Department of Economic and Policy Research (DEPR), Department of Statistics & Information Management (including Data and Information Management Unit) (DSIM/DIMU), Corporate Strategy and Budget Department (CSBD) and Financial Stability Unit.

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