Mass resignations in Congress, after Rahul Gandhi remains adamant on decision to step down

Agencies
June 29, 2019

Jun 28: A flurry of resignations has emerged within the Congress, following party president Rahul Gandhi's adamancy to resign from the post after facing a humiliating defeat in the general elections.

As many as 145 office bearers have tendered a mass resignation during a meeting conducted in the Congress office and set an example for the senior members of the party to follow the suit of taking the moral responsibility behind dismal performance in the 17th Lok Sabha elections.

Deepak Babaria, Congress General Secretary in-charge of Madhya Pradesh today resigned from his post.

Meanwhile, Goa Pradesh Congress Committee, Girish Chodankar Congress took to Twitter and said, "Firm decision of Rahul Gandhi ji to not withdraw resignation as Congress President, morally does not permit me to continue. The defeat is our collective responsibility, hence I hereby tender my resignation forthwith as Goa Congress President."

While Gandhi is sticking to his decision to resign, on the other hand, an in-house tussle has also begun between the seniors and youth leaders of the Congress. Somewhere, the battle in the party is between 'elderly vs youth'.

On Friday, the chief of Congress' legal department, Vivek Tankha resigned from the post and asked others to follow his example.

In a series of tweets on Friday, Tankha said, "We all should submit our resignations from party positions and give Rahul ji a free hand to choose his team. I welcome Mr Kamalnath's statement to that effect. I unequivocally submit my resignation as AICC Dept chairman Law, RTI & HR. Party cannot afford a stalemate for too long."

Similarly, Rajesh Lilothia, who was a party candidate from North West Delhi, resigned as the Delhi Congress Working President. Following suit, Secretary of Overseas Congress Virendra Vashisht and former Secretary Prakash Joshi also stepped down.

The other prominent names who have resigned were Bihar Congress Secretary in-charge Virendra Rathod, Odisha Congress's in-charge secretary Anil Chaudhary, former secretary in-charge Prakash Joshi, and media panellist Sanjay Chopra. All these leaders were active in the party when Gandhi was the general secretary in-charge of the Youth Congress.

Speaking to ANI, Secretary of Overseas Congress Virendra Vashisht said, "We have resigned from our posts in 'honour of Rahul Gandhi'. We want Rahul Gandhi to remain on the post of Congress President."

Former Congress Secretary Prakash Joshi, who was present in a meeting at the Congress headquarters here today, said that the leaders resigned as Gandhi was not the only reason behind the disastrous defeat in the recently held Lok Sabha elections and maintained that the entire party is responsible behind the loss.

Joshi further said, "The senior leaders should also accept the truth and submit the resignations."

A few days ago, Joshi had posted a post on a social networking site against senior Congress leader Anand Sharma, alleging him of destroying the image of Rahul Gandhi.

The present situation showed that a youth faction supporting Gandhi has started criticising the senior leaders of the party for not taking the moral responsibility of the defeat.

Gandhi, who has announced his decision to quit from the party post following its dismal performance in the general elections, had earlier expressed his unhappiness that none of the state leaders had taken responsibility.

On Wednesday, the workers of Youth Congress gathered outside the residence of Gandhi in the national capital, appealing him not to step down from the party's president post.

Later, Gandhi, who met leaders, asserted that he will not remain at the president post of the Congress but will continue to work actively for the party.

However, according to sources, Gandhi has reiterated that he will not change his decision of resigning from the post.

Gandhi, who became the party president in 2017, offered to step down from his post at the Congress Working Committee (CWC) meeting on May 25, taking moral responsibility for Congress' dismal performance in the 17th general elections.

However, his resignation offer was unanimously rejected by the CWC.

So far, several top leaders have met Gandhi and urged him to continue to lead the party.

Despite senior members making serious attempts to convince the 49-year-old party chief to rethink his decision, he remains unfazed.

The Congress won 52 seats in the recent general elections, which is just eight more than 2014 in the outgoing Lok Sabha.

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News Network
February 21,2020

Washington, Feb 21: Days ahead of his India visit, US President Donald Trump on Thursday said the two countries could make a "tremendous" trade deal.

"We're going to India, and we may make a tremendous deal there," Trump said in his commencement address at the Hope for Prisoners Graduation Ceremony in Las Vegas.

Trump, accompanied by First Lady Melania Trump, is scheduled to travel to Ahmedabad, Agra and New Delhi on February 24 and 25.

Ahead of the visit, there have been talks about India and the United States agreeing on a trade package as a precursor to a major trade deal.

During his commencement address, Trump indicated that the talks on this might slowdown if he did not get a good deal.

"Maybe we'll slow down. We'll do it after the election. I think that could happen too. So, we'll see what happens," he said.

"But we're only making deals if they're good deals because we're putting America first. Whether people like it or not, we're putting America first," Trump said.

Bilateral India-US trade in goods and services is about three per cent of the US' world trade.

In a recent report, the Congressional Research Service (CRS) said the trading relationship is more consequential for India -- in 2018 the United States was its second largest goods export market (16.0 per cent share) after the European Union (EU, 17.8 per cent), and third largest goods import supplier (6.3 per cent) after China (14.6 per cent) and the EU 28 (10.2 per cent).

"The Trump Administration takes issue with the US trade deficit with India, and has criticised India for a range of 'unfair' trading practices," the CRS said.

"Indian Prime Minister Modi's first term fell short of many observers' expectations, as India did not move forward with anticipated market opening reforms, and instead increased tariffs and trade restrictions," it said.

"Modi's strong electoral mandate may embolden the Indian government to press ahead with its reform agenda with greater vigour. Slowing economic growth in India raises concerns about its business environment," CRS said.

As per a fact sheet issued by the Council on Foreign Relations (CFR), trade in goods and services between the two countries from 1999 to 2018 surged from $16 billion to $142 billion.

India is now the United States' eighth-largest trading partner in goods and services and is among the world's largest economies.

India's trade with the United States now resembles, in terms of volume, the US' trade with South Korea ($167 billion in 2018) or France ($129 billion), said Alyssa Ayres from CFR.

"The United States for two years now has set out in stone pretty clearly the things that they wanted to see to try to get an agreement, and it's basically then on India's doorstep on whether they want to take those steps," Rick Rossow, Wadhwani Chair in US-India Policy Studies at the Center for Strategic and International Studies think-tank told reporters during a conference call.

"The list of US asks has been pretty static all throughout. Not to say that any of these things are easy for India to do, but the United States to my knowledge didn't change the goalposts just because we now consider India to be a middle-income country. The things that we wanted to see happen to get this trade agreement have been pretty static all throughout, no matter how difficult they are," he said in response to a question.

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Agencies
May 17,2020

New Delhi, May 17: Eight of the 10 most valued domestic firms suffered a combined erosion of Rs 1,37,311.31 crore in market valuation last week, with Reliance Industries (RIL) taking the biggest knock.

Only Bharti Airtel and ITC from the top-10 list managed to close the week with gains.

RIL's market cap plunged Rs 65,232.46 crore to Rs 9,24,855.56 crore.

The market valuation of HDFC Bank declined Rs 22,347.07 crore to Rs 4,87,083.88 crore and that of Hindustan Unilever Limited tanked Rs 13,192.26 crore to Rs 4,77,458.89 crore.

ICICI Bank's market cap dropped Rs 9,770.06 crore to Rs 2,08,900.79 crore.

Infosys witnessed a decline of Rs 9,518.84 crore in valuation to reach Rs 2,77,814.09 crore while that of HDFC tumbled Rs 9,370.38 crore to Rs 2,83,293.70 crore.

The m-cap of Kotak Mahindra Bank slipped by Rs 7,805.2 crore to Rs 2,25,327.22 crore.

Tata Consultancy Services' market valuation dipped Rs 75.04 crore to Rs 7,10,439 crore.

In contrast, Bharti Airtel added Rs 13,147.89 crore to its valuation to stand at Rs 3,02,292.43 crore.

ITC's valuation also rose by Rs 7,744.11 crore to Rs 2,02,330.13 crore.

In the ranking of top-10 firms, RIL retained the number one spot, followed by TCS, HDFC Bank, HUL, Airtel, HDFC, Infosys, Kotak Mahindra Bank, ICICI Bank and ITC.

During the last week, the Sensex declined 544.97 points or 1.72 per cent.

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News Network
March 12,2020

New Delhi, Mar 12: The Supreme Court told the Uttar Pradesh government on Thursday that as of now, there was no law that could back their action of putting up roadside posters of those accused of vandalism during anti-CAA protests in Lucknow.

An apex court bench refused to stay the March 9 Allahabad High Court order directing the Yogi Adityanath administration to remove the posters.

The top court, which grilled the Uttar Pradesh government for putting up such posters in public, described the plea as a matter that needed "further elaboration and consideration".

A vacation bench of justices U U Lalit and Aniruddha Bose said a "bench of sufficient strength" would consider next week the Uttar Pradesh government's appeal against the Allahabad High Court order directing the state administration to remove the posters of those accused of vandalism during anti-CAA protests.

It directed the apex court registry to put up the case file before Chief Justice of India (CJI) S A Bobde so that a "bench of sufficient strength can be constituted at the earliest to hear and consider" the case next week.

During the hearing, the bench told Solicitor General Tushar Mehta, appearing for the Uttar Pradesh government, that it was a matter of "great importance".

It asked Mehta whether the state government had the power to put up such posters.

The top court, however, said there was no doubt that action should be taken against rioters and they should be punished.

Mehta told the court that the posters were put up as a "deterrent" and the hoardings only said that these persons were liable to pay for their alleged acts during the violence.

Senior advocate A M Singhvi, appearing for former IPS officer S R Darapuri whose poster has also been affixed in Lucknow, told the bench that the state was duty-bound to show the authority of law backing its action.

He said the action of the Uttar Pradesh government amounted to a "mega blanket" approach of naming and shaming these persons without final adjudication and it was an open invitation to common men to lynch them as the posters also had their addresses and photographs.

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