Lok Sabha election, AAP dominate India discussions at Davos

January 23, 2014

AAP_dominateDavos, Jan 23: The Aam Aadmi Party and talks about next Lok Sabha election seem to be hogging the limelight when it comes to discussions around India at the World Economic Forum's annual talk-fest of the rich and famous from across the globe.

While not many are willing to go on record with their take on 'India's newest political phenomenon' — Arvind Kejriwal-led Aam Aadmi Party — and its potential impact on the upcoming general elections, almost every foreign leader is quizzing their Indian counterparts about these issues.

Some Indian leaders have dismissed AAP's emergence calling it a Delhi-centric development and saying such authoritarian and mob-based politics has no place in the Indian democracy.

Still, they admit that AAP has caught the imagination of people in India and it cannot be wished away as it is making the right noises about the need to improve governance.

While trying to convince foreign investors about the continuity of the Indian growth story, the Indian leaders are also facing tough questions here about the widespread anticipation that the next elections could throw a fractured mandate, said many participants at the WEF.

According to them, AAP's emergence on the political scene has further added to the uncertainty about the outcome of Lok Sabha poll and corporates have begun looking into the possibility of engaging with this new political force.

An Indian-origin chief of a large global conglomerate said he was so impressed with speeches made by Kejriwal that he called him up from overseas and expressed his desire to meet him on his next visit to Delhi.

While seriously wanting to engage with this new phenomenon, the businessman said he could not pursue the same as it would have attracted unnecessary publicity about being aligned with one particular political force that is currently in the eye of storm of every other party.

Industry body CII's director general Chandrajit Banerjee said the political scenario is always very important for the economic policies of a country and therefore general elections are definitely a crucial issue.

"As far as AAP is concerned, it is too early to make a judgement, although emergence of this party has definitely been a curtain raiser sort of thing for everybody," he said, while adding that the CII is also looking at engaging with AAP like it has done with all other political parties.

He admitted that the emergence of AAP has brought to the fore one clear theme — about governance and accountability of the government.

"This could be a big game changer and anybody who comes to power would have to focus a lot on governance and ensure that there is accountability on their part," Banerjee said.

IT major Tech Mahindra's vice-chairman Vineet Nayyar said political elections are always an issue and they create their own anticipations.

"The world cannot be indifferent when one-seventh of the world is going to get a new government. Obviously there is an interest (among foreign leaders here) in Indian elections, because India is very important on the global economic platform," he said.

Global rights group Amnesty International's secretary general Salil Shetty said the emergence of AAP has shown that people "do not accept nonsense anymore" and similar trends are being seen in Brazil, Russia and many other places.

"Accountability to the population has to be there. AAP emergence has at least created a scare among the political leadership that you have to be accountable," he said.

Bharti Group chairman Sunil Mittal said that AAP is an expression of people's thinking.

"I am a keen political observer. For me, AAP is nothing but an expression of people's thinking....

"It will be one of the most difficult elections to predict, but it will be one of the most interesting elections," he said while participating in a session on India here on Wednesday.

During the session, finance minister P Chidambaram had said that AAP should quit if they don't know how to govern.

"That (holding two-day long dharna on Delhi streets) is not governance. That is abdicating governance. If you don't know how to govern, quit," he had said.

On why the Congress party was continuing to support the minority AAP government in Delhi, Chidambaram had said, "Opinion in the party was divided. Local unit took that decision, right or wrong. The point is whoever is in government, must govern".

"You can't mask your inability to govern by street agitations. The line that divides agitation and anarchy is a very thin line and they may have crossed that line in the last few days," he said.

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News Network
May 29,2020

May 29: Over 45,000 stranded Indians were brought back home from abroad under the Vande Bharat mission and another 1,00,000 will be evacuated till June 13, the Ministry of External Affairs said on Thursday.

The mega evacuation mission was launched on May 7.

MEA Spokesperson Anurag Srivastava said the government is also assisting return of stranded Indians from remote locations in Latin America and Caribbean, Africa, and parts of Europe.

"This is being done by taking advantage of foreign carriers flying to India primarily for evacuation of their nationals," he said during an online media briefing.

He said a total of 45,216 Indians were brought back till Thursday afternoon and they include 8,069 migrant workers, 7,656 students and 5,107 professionals.

About 5,000 Indians have returned through land border from Nepal and Bangladesh.

In the first phase of the mission from May 7 to 15, the government evacuated around 15,000 people from 12 countries. The second phase of the evacuation mission was scheduled from May 17 to 22. However, the government has extended it till June 13.

Srivastava said a total of 3,08,200 people have registered their request with Indian missions abroad for repatriation to India on compelling grounds.

"During the phase two, a total of 429 Air India flights (311 international flights + 118 feeder flights) from 60 countries are scheduled to land in India. The Indian Navy will be making four more sorties to bring back returnees from Iran, Sri Lanka and the Maldives," Srivastava said.

The MEA spokesperson said the government is targeting to bring back 1,00,000 people from 60 countries by the end of phase two of the Vande Bharat mission.

"Preparations for third phase of Vande Bharat Mission are well underway," he said.

As per the government's policy for evacuation, Indians having "compelling reasons" to return like pregnant women, elderly people, students and those facing the prospect of deportation are being brought back home.

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News Network
April 14,2020

New Delhi, Apr 14: With 1,211 fresh cases of coronavirus reported in the last 24 hours, the total number of confirmed cases of COVID-19 in the country has reached 10,363 including 339 deaths, said Lav Aggarwal, Joint Secretary, Health and Family Welfare, here on Tuesday.

As many as 1,036 people have recovered from the disease so far, said Aggarwal during the daily media briefing on the coronavirus. "In one day, 179 people were diagnosed and found cured," he added.

"A total of 10,363 confirmed cases have been reported in India including 339 deaths and 1,036 people, who were COVID-19 positive have recovered. Out of the total deaths, 31 deaths have been reported in the last 24 hours," said Aggarwal.

Aggarwal said that an evaluation of each district and city will be done till April 20.

"An evaluation of each district and city will be done till April 20 in which it will be evaluated what measures did that authorities take in these cities and districts to combat COVID-19," he said.

"Based on the results of this litmus test approach, permission will be granted for some selective activities to those districts and cities which controlled the situation effectively. Detailed guidelines will be issued soon," he added.

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Agencies
May 26,2020

The Shopping Centres Association of India (SCAI) on Monday said the sector has lost over Rs 90,000 crore in the last two months, owing to the lockdown, and market players need much more than the repo rate cut and the loan moratorium extended by the RBI.

In a statement, the industry body said that the Reserve Bank of India's (RBI) relief measures are not adequate to support the liquidity needs of the industry.

According to the SCAI, there is a common misconception that the shopping centres' industry is centred around metros and large cities with investments only from large developers, private equity players and foreign investors.

"However, the fact is that most malls are part of the SMEs or standalone developers. i.e. more than 550 are single owned by standalone developers out of the 650-odd organised shopping centres across the country and there are 1,000+ small centres in smaller cities," it said.

Amitabh Taneja, Chairman of SCAI said: "The organised retail industry is in distress and has not earned anything since the lockdown and their survival is at stake. While the extension of the loan moratorium talks about some relief on repayment but won't help the industry in liquidity."

He said that a long term beneficial plan from the government is much required to revive the sector.

"Being the most safe, accountable, and controlled environment, unfortunately, malls have not been permitted to open which will lead to job losses and might even shut shops for a lot of mall developers," Taneja said.

In its representations to the Centre and the Reserve Bank of India, the association has also pointed out that, in absence of financial package and stimulus from the RBI, over 500 shopping centres may go bankrupt, that may lead to the banking industry staring at NPAs of Rs 25,000 crore.

The industry body has put forward its recommendations and requests to the government. It had sought moratorium till March 2021 at the least in terms of repayment of bank loans, interest, EMI and so on, without levy of any penalties or penal interest.

It has also sought a one-time loan restructuring with lower rates of interest, permitted for shopping centres and a facilitative and forward-looking support provision of short-term financing options for a period of six to 12 months, at lower interest rates, to meet the increased working capital requirements.

Among other relaxations, it had also appealed for GST rebates to offset the losses on account of and for the period of closure of business.

It also said that interest rates should be brought down to "manageable levels" of 5-6% in view of the precarious financial situation.

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