From Mamata to Owaisi, KCR's call for non-Cong, non-BJP front gains support

Agencies
March 5, 2018

Hyderabad, Mar 5: Within days of proposing a "non-Congress, non-BJP front, Telangana Chief Minister and Telangana Rashtra Samithi (TRS) chief K Chandrasekhar Rao has received support from several political parties including the Mamata Banerjee-led Trinamool Congress.

Former Jharkhand Chief Minister Hemant Soren and Hyderabad lawmaker Asaduddin Owaisi were the other leaders who have extended their support to the TRS chief.

The chief minister, on Saturday, had expressed his wish to join national politics to effect a "qualitative change", while accusing successive governments ruled by the Congress and the BJP at the Centre of having "miserably failed" to ensure development."Since morning, I have been receiving many calls from various places in India.

Today afternoon, West Bengal CM Mamata Banerjee called me and said that I have taken the right decision and she will be supporting me," Chief Minister Rao said while addressing a huge crowd at his official residence, Pragati Bhavan in Hyderabad."Farmers, Dalits, most backward classes are neglected.

 This situation should be changed. How long do they need to face problems.

 This has to change and this is not possible from these two parties. Hence, a non-Congress, non-BJP front should be formed in the country," Rao said.JMM leader Hemant Soren and AIMIM chief Asaduddin Owaisi have also expressed their solidarity.

"Former Jharkhand chief minister Hemant Soren also called, telling me that he is standing behind me. Soren also told me that he is trying to speak with many other people in India and will meet up soon and speak on the issue," said Rao.

He was addressing a gathering of prominent TRS leaders, ministers and elected representatives of the party at Pragathi Bhavan, his official residence in Hyderabad.

The TRS chief further said he would talk with all like-minded parties and leaders for creating an agenda for the country's growth."I will soon meet like-minded leaders and we will also hold consultations with economic experts, social scientists and farmers for creating an agenda for the country's growth," Rao said.

The Congress failed to get a majority in Meghalaya and did not win a single seat in Tripura or Nagaland, for which elections were held last month.

In a press conference on Saturday after the BJP decimated the Left and Congress in the three states, Rao hinted at forming a third front-like platform.

The TRS chief said he was keen to participate in national politics to bring about a "change"."There is need for qualitative change in national politics... There is a serious need. People are vexed now. No qualitative change is seen by people even after 70 years of democracy.... China developed in less than three decades. What both the Congress and the BJP did all these years?" Rao had asked."People are looking for change. Can we expect something new to happen if the Congress comes to power after the BJP? It can be a third front or any front... Are we not part of the country? Discussions are going on. There is no secret about it," he had said.

In the gathering today, Rao underlined the need to implement "truthful cooperative federalism" and delegation of powers to states for their development."Such initiative would spread across country from Telangana," he said.Rao alleged that the BJP at the Centre had failed to do anything for developing the country in the last four years."The national parties, the BJP and the Congress, should change their attitude towards states.

Federal system is for a namesake (now). Is there federalism in this country?The agriculture system, education, urban development should be handed over to the states. But it is not being handed over but kept at Delhi (with the Centre)," Rao said.

He said states should be allowed to frame norms regarding quotas.Batting for decentralisation, the chief minister said that even states can launch and implement schemes such as the Pradhan Mantri Gram Sadak Yojana (PMGSY)."Can't state governments do it (undertaking such measures). Change should start and it starts from Telangana for the development of India. Change has to be brought... You cannot threaten me. You can threaten those who resorted to scams not me," Rao said.

He said the Constitution should be amended for the sake of the people."I spoke to some people in Delhi and they say the law and constitution in China is different.

 I say then you become different. Constitution and the governments, the PM, CMs all are for the public. You bring in changes in law and also amendments in the Constitution.

The countrymen will be with you," Rao said.The TRS chief also referred to the "fleeing" of liquor baron Vijay Mallya, wanted in loan default cases, and diamantaire Nirav Modi, an accused in the PNB fraud case, from the country."Is there no one to question.

Vijay Mallya fled the country and now Nirav Modi... What is this?" he asked.Rao said farmers were committing suicide because the BJP and the Congress did nothing for them."My countrymen, you know and understand the 'chamatkar' of both the parties who ruled the country for over 60 years. The price of every essential commodity is increasing but not the minimum support price on agriculture produce. GDP growth is not reflecting in the lives of farmers and their income is not increasing," Rao said.

What the countries like China, Japan and Singapore have achieved in terms of growth can be achieved by India as well, he said.Revealing his national ambitions, Rao had said people were yearning for change and he would not mind leading the movement for effecting the "change".He said he had recently met CPI (M) leader Sitaram Yechury and discussed a lot of issues.

Yechury's party had officially rejected any tie-up with the Congress for upcoming elections.Rao had also said he had nothing against the prime minister.

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News Network
May 10,2020

New Delhi, May 10: The Delhi government has asked district magistrates to release 2,446 Tablighi Jamaat members from quarantine centres and ensure that they do not stay in any other place except their homes.

The district magistrates will explore the possibility of sending those Tablighi members, who belong to other states, in buses to their designated places in accordance with social distancing norms and other protocols, DDMA Special CEO K S Meena said in a letter to deputy commissioners (administration).

As man as 567 foreign attendees of the congregation held in Delhi's Nizamuddin area in March, will be handed over to the police, Meena said.

"They (foreign Jamaat attendees) will be handed over to police in connection with several violations like visa violation," a government official said on Saturday.

Delhi Home Minister Satyendar Jain had recently ordered the release of Tablighi members who have completed their required quarantine period in centres and tested negative for COVID-19.

"Out of such people belonging to Delhi, who could be released as per prescribed guidelines should be issued passes to travel from the quarantine centres.

"Under no circumstances, the aforesaid persons should be allowed to stay in any other places including mosques," Meena said in the letter.

In respect of those Tablighi members belonging to other states, it should be ensured by the nodal officer and the area ACP that such people reach their place of residence, he also said.

"The DC should also inform the respective resident commissioner of their states in respect of each and every movement of such persons from Delhi," the Delhi Disaster Management Authority (DDMA) Special CEO said.

Thousands of Tablighi Jamaat members had been taken out of its Markaz (centre) in Nizamuddin, where they had gathered for a religious congregation, and quarantined as the area became a major hotspot after a number of members tested positive for coronavirus.

On March 31, the Delhi Police's Crime Branch had lodged an FIR against seven people, including Maulana Saad Kandhalvi, on a complaint by Station House Officer, Nizamuddin, for holding the congregation.

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News Network
July 14,2020

Brasilia, Jul 14: Brazil has reported new 20,286 coronavirus cases in last 24 hours taking the country's total to 1.8 million, Sputnik reported citing the health ministry.

The country's death toll has increased by 733 in the same period of time. The death toll from the infection has touched 72,833.

Over 1.1 million people have recovered from COVID-19 in Brazil since the start of the epidemic in the country, according to the health ministry.

Brazil has the second-highest coronavirus death toll, it is surpassed only by the United States.

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News Network
April 21,2020

New Delhi, Apr 21: The historic rout in oil markets that sent US crude prices plummeting to as much as minus USD 40 a barrel is unlikely to translate into any big reduction in petrol and diesel prices in India as domestic pricing is based on different benchmark, and refineries are already filled up to brim and cannot buy US crude just yet.

With storage capacity already overflowing amid coronavirus-induced demand collapse, traders rushed to to get rid of unwanted stocks triggering the collapse of US West Texas Intermediate (WTI) crude for May delivery.

Indian Oil Corp (IOC) Chairman Sanjiv Singh said the collapse was triggered by traders unable to take deliveries of crude they had previously booked because of a demand collapse. And so they paid the seller to keep oil in their storage.

"If you look at June futures, it is trading in positive territory... around USD 20 per barrel," he said.

Low oil prices may seem good in short-term but in the long run it will hurt the oil economy as producers will have no surplus to invest in exploration and production which will lead to a drop in production, he said.

He did not comment on retail fuel prices that have been static since March 16.

Oil companies have not changed rates despite a fall in international prices as they first adjusted them against the increase that was warranted from a Rs 3 per litre hike in excise duty and close to Re 1 per litre additional cost of switching over to cleaner BS-VI grade fuel from April 1.

Petrol in Delhi is priced at Rs 69.59 a litre and diesel comes for Rs 62.29 per litre.

"The negative price has no direct impact on India or Indian oil prices, as this has taken place due to crude oil produced and traded within the US. India's prices are driven partly by another benchmark, the Brent, which is still trading at USD 25/barrel. Therefore, the retail price of fuels in India are unlikely to fall," said Amit Bhandari, Fellow, Energy and Environment Studies, Gateway House.

Also, Indian refineries are already overflowing as fuel demand has evaporated due to the unprecedented nationwide lockdown imposed to curb spread of COVID-19. So, they can't rush to buy US crude.

The refineries have already cut operating rate to half because the fuel they produce has not been sold yet.

India imports 4 million barrels/day (1.4 billion barrels/year) of oil. The country has been benefitting from the falling prices of oil for the last five years, when oil dropped from a peak of USD 110/barrel to USD 50-60/barrel last year, enabling India to invest in public service programmes.

"However, the additional USD 30 fall of this week is good for India - but there is also a downside. If oil prices are too low, the economies of oil-rich gulf countries will be hurt, threatening the job prospects of the 8 million Indians working in the Gulf countries. India is the largest recipient of foreign remittances due to these workers – very low oil prices will hurt this cash stream," Bhandari said.

He said the negative price of oil shows how much oil oversupply exists in international markets today. "Global oil consumption has fallen due to the COVID-19 pandemic that traders are willing to pay customers to get rid of the barrels they can't store. The world does not have enough storage capacity, and dumping the oil is an environmental crime."

The first half of April saw Brent crude oil prices plummet 63.6 per cent to USD 26.9 per barrel. Prices of Western Texas Intermediate (WTI), the American oil, had also fallen similarly by 63.1 per cent.

But on April 20, WTI prices turned rapidly negative because traders on the Nymex exchange rushed to offload their May futures positions a day before expiry of contracts (on April 21).

Such WTI futures are traded on the Nymex exchange with contracts settled in physical crude oil. Problem is, those who had gone long are unable to find storage facilities for the oil and had to liquidate their contracts before expiry. This caused the plunge in WTI prices.

Contrast to this, June WTI Nymex futures prices is hovering around USD 21, while Brent for June delivery is at USD 25.

Miren Lodha, Director, CRISIL Research said the demand for crude oil was declining already because of economic slowdown when the COVID-19 pandemic-driven lockdowns crushed it further.

Consequently, oil demand is expected to contract by 8-10 million barrels per day (mbpd) in 2020 assuming demand recovery begins from the third quarter of the year, he said, adding if recovery doesn't happen by then, further demand destruction could occur.

On the supply side, producers reining in output following a strategic deal between OPEC members, Russia and the US.

Under this agreement, OPEC+ would reduce oil production by 9.7 mbpd for May and June, but gradually ease the curb to 7.7 mbpd between July and December 2020, and to 5.8 mbpd till April 2022 to stabilise prices.

"This is expected to reduce some surplus in the market by the end of 2020," Lodha said.

Crude oil demand is expected to decline by over 20 mbpd in April alone. Typically, monthly global demand is about 100 mbpd. Given this scenario, supply curbs would have limited influence.

Consequently, Brent oil prices is expected to be in the USD 25-30 range for the second quarter while increasing marginally in the last 2 quarters of 2020.

"The gigantic inventory build-ups and lack of storage facilities would also put pressure on prices," he said, adding overall Brent could average USD 30-35 in 2020, with a strong downward bias.

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