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
June 5,2020

New Delhi, Jun 5: India registered its highest spike in COVID-19 cases with 9,851 more cases and 273 deaths reported in the last 24 hours. The total number of cases in India reached 2,26,770 including 1,10,960 active cases, said the Union Ministry of Health and Family Welfare.

The Ministry informed that 1,09,462 persons have been cured/discharged/migrated while 6,348 people have succumbed to the disease so far.

Maharashtra has so far reported 77,793 cases, more than any other state in the country, while the total number of active cases in the state stands at 41,402.

In Tamil Nadu, 27,256 cases have been detected so far while Delhi has reported 25,004 coronavirus cases.

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Agencies
May 14,2020

Mumbai, May 14: The Shiv Sena on Thursday raised questions over the Centre's Rs 20 lakh crore stimulus package announced to revive the COVID-hit economy, and asked if India is not a "self-reliant" country at present.

An editorial in Sena mouthpiece 'Saamana' wondered how Rs 20 lakh crore will be raised, and opined that an environment needs to be created where industrialists, trade and business sectors are encouraged to invest.

On the path of new self-reliance, India cannot afford industrialists running away, and for that "political institutions like the ED and CBI need to be put in lockdown for some time," it said.

Prime Minister Narendra Modi on Tuesday announced new financial incentives on top of the previously announced packages for a combined stimulus of Rs 20 lakh crore, saying the COVID-19 crisis has provided India an opportunity to become self-reliant and emerge as the best in the world.

The Sena said the country is being told that the package will be beneficial for MSMEs (micro, small and medium enterprises), poor labourers, farmers and the tax-paying middle class.

"The package (as per the Centre) will reach 130 crore Indians and the country will become self-reliant. Does this mean India is not a self-reliant country at present?" the Marathi daily asked.

It is good that PPE kits and N95 masks are now being manufactured in India, it said.

"Any country progresses ahead while learning from crisis and through struggle. Before Independence, not even a needle was manufactured in India but in 60 years, India became self-reliant in science, technology, agro business, defence, manufacturing and atomic science," it said.

An institution like the Indian Council of Medical Research (ICMR), which is helping in the manufacturing of PPE kits, is part of the self-reliant India, it noted.

Wondering how Rs 20 lakh crore, as announced in the central package, will be raised, the Sena said an "environment needs to be created where industrialists, trade and business sectors will be encouraged to invest".

"India, on path of new self-reliance, cannot afford industrialists running away, and for that political institutions like the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) need to be put in lockdown for some time," the paper said.

Despite announcing the 'lockdown-4' and the economic package, why its impact has not been reflected in the share market? it asked.

"Investors are in a dilemma. The prime minister and chief ministers must show them trust and support," it said.

"Earlier it was Pandit Nehru and now it is Modi. If (former prime minister) Rajiv Gandhi had not laid the foundation of a digital India, there wouldn't be video conference of PM, CMs and bureaucracy in times of coronavirus," the Uddhav Thackeray-led party said.

It agreed with Modi that coronavirus will stay for long, and lives need not revolve around it.

"We need to get back on our feet again," the Sena said.

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News Network
June 25,2020

Jun 25: Tencent Holdings Ltd.'s $40 billion surge this week and the recent ascent of Pinduoduo Inc. have reshuffled the ranking of China's richest people.

The country's largest game developer has surpassed Alibaba Group Holding Ltd. as Asia's most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time. Pinduoduo, a Groupon-like shopping app also known as PDD, has more than doubled this year.

The rallies have propelled the wealth of their founders, with an added twist: Tencent's Pony Ma, worth $50 billion, has surpassed Jack Ma's $48 billion fortune, becoming China's richest person. And Colin Huang of PDD, whose net worth stands at $43 billion, has squeezed real estate mogul Hui Ka Yan of China Evergrande Group out of the top three earlier this year, according to the Bloomberg Billionaires Index.

The coronavirus pandemic has accelerated the digitization of the workplace and changed consumers' habits, boosting shares of many internet companies. Now tech tycoons are dominating the ranks of China's richest people. They occupy four of the top five spots: Ding Lei of Tencent peer NetEase Inc. follows China Evergrande's Hui.

‘Perform Strongly'

Tencent has come a long way since hitting a low in 2018, when China froze the approval process for new games. Since then, the stock has almost doubled, and last month the tech giant reported a 26 per cent jump in first-quarter revenue.

“Tencent's online games segment will probably perform strongly through the Covid-19 pandemic, and most of its other businesses are relatively unscathed,” said Vey-Sern Ling, a Bloomberg Intelligence analyst.

That has been a boon for Pony Ma, 48, who owns a 7 per cent stake in the company and pocketed about $757 million from selling some 14.6 million of his Tencent shares this year, data complied by Bloomberg show.

The native of China's southern Guangdong province studied computer science at Shenzhen University and was a software developer at a supplier of telecom services and products before co-founding Tencent with four others in the late 1990s. At the time, the company focused on instant-messaging services.

It has been a long comeback for Pony Ma. He overtook real estate tycoon Wang Jianlin as China's second-richest person in 2013 and topped Baidu Inc.'s Robin Li as the wealthiest in early 2014. Later that year, Alibaba went public in the U.S., catapulting Jack Ma's fortune.

Bloomberg Intelligence's Ling notes, however, that Tencent's jump this year has lagged behind some internet peers, especially those in e-commerce, games and online entertainment. Just consider: Tencent shares have climbed 31 per cent in 2020, while PDD's American depositary receipts have more than doubled. Alibaba, meanwhile, has advanced just 6.9 per cent.

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