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
January 20,2020

New Delhi, Jan 20: Surging inflation and slowing growth are raising serious concerns about the future growth prospects of the economy and as a remedial measure the government should resolve supply-side hurdles and ensure more stringent governance norms, a report said on Monday.

According to the Dun and Bradstreet Economy forecast, even though the Index of Industrial Production (IIP) turned positive in November 2019, it is likely to remain subdued.

"Slowdown in consumption and investment along with high inflationary pressures, geopolitical issues and uncertainty over the recovery of the economic growth are likely to keep IIP subdued," the report noted.

Dun and Bradstreet expect IIP to remain around 1.5-2.0 percent during December 2019.

As per government data, industrial output grew 1.8 percent in November, turning positive after three months of contraction, on account of growth in the manufacturing sector.

On the price front, uneven rainfall along with floods in many states and geopolitical issues have led to a surge in headline inflation even as demand remains muted.

The Consumer Price Index (CPI) in December rose to about five-and-half year high of 7.35 percent from 5.54 percent in November, mainly driven by high vegetable prices.

"The sharp rise in inflation has constrained monetary policy stimulus while revenue shortfall has placed limits on the government expenditure," Dun & Bradstreet India Chief Economist Arun Singh said.

According to Singh, growth-supporting measures and deceleration in growth are likely to cause slippage in fiscal deficit target by a wider margin.

"The government should focus on taking small steps to address the slowdown; in particular, resolve the supply-side hurdles and ensure more stringent governance norms," Singh said.

Unless these concerns are addressed through a comprehensive policy framework, it will not be easy for India to clock a sustainable growth rate to become a USD 5 trillion economy, he added.

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News Network
June 30,2020

New Delhi, Jun 30: With a spike of 18,522 COVID-19 cases in the last 24 hours, India's coronavirus count now stand at 5,66,840, said the Union Health and Family Welfare Ministry on Tuesday.

According to the Ministry, 418 deaths due to COVID-19 were reported in the last 24 hours. The number of deaths in the country now stands at 16,893.

There are 2,15,125 active coronavirus cases in the country while the number of cured/discharged patients stands at 3,34,821 and one patient migrated.

As per the Ministry, Maharashtra is the worst-hit state with regard to the COVID-19 cases and has reported 1,69,883 cases, including 73, 313 active cases 88,960 cured/discharged patients and 7,610 fatalities.

Tamil Nadu has a total of 86,224 cases including 1,141 deaths. Delhi's COVID-19 count stands at 85,161 cases and 2,680 fatalities.

The total number of samples tested up to 29 June is 86,08,654 of which 2,10,292 samples were tested yesterday, informed the Indian Council of Medical Research.

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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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