Modi is good at marketing himself, but won't win the election'

[email protected] (RATNADIP CHOUDHURY, TEHELKA.COM)
March 30, 2014
One of the states that the BJP's prime ministerial candidate Narendra Modi is eyeing keenly is Assam, where the Congress has been in power since 2001. The ruling party is leaving no stone unturned to make sure that the Modi factor proves to be irrelevant in the General Election. In an interview with Ratnadip Choudhury, Chief Minister Tarun Gogoi says that Modi is good at marketing himself, but that won't prove enough for him to win the election.

Chief_Minister_Tarun_Gogoi

There seems to be a national trend against the Congress and a wave in favour of Modi, who has aggressively attacked the UPA government on all fronts. Where has the Congress gone wrong?

Yes, I agree that there is resentment, but I think the Congress' fortunes will revive. In fact, it's picking up. At the national level, the Congress started the campaign late. Had we started six months earlier, the result would have been better then what we will achieve. Regardless, I believe the trends would be proved wrong. There is no question of being soft on Modi. In fact, I am one of the seniormost Congress leaders in the country who is attacking Modi left and right, exposing him to the people. The Modi wave will not touch Assam, at least.

The BJP is looking to make inroads in Assam and the party says there is a Modi wave blowing across the country. How do you plan to insulate Assam from it?

Unlike in other parts of the country, the Modi wave will not touch Assam. The people of Assam have a different culture.

Modi talks about his Gujarat development model. In fact, my development model is much better than his. Modi could take up development work only when the UPA government was in power at the Centre. The UPA has helped every state, irrespective of the party in power.

The Modi wave is a media creation. If there is indeed a wave, why does he need to tour so much, burn so much money for promoting himself as the face of the BJP? It is all propaganda. Modi is good at marketing, but you cannot win elections with just that.

Because of our performance, my government has been better than any other in Assam. The UPA has helped me take up many development projects. I don't bother how many rallies Modi addresses in Assam. I know for sure that the people will reject his brand of self-centered politics.

There are complaints that despite being a Rajya Sabha member from Assam, Prime Minister Manmohan Singh has not done enough for the state. Several important projects of national importance remain unfinished…

Who is saying that the prime minister did nothing for Assam? I have facts that will make it clear that when Manmohan Singh was in power, Assam received plenty of Central attention. He has done whatever is possible for the state. The growth rate is good. I have facts to prove that the UPA has done more for Assam and the Northeast than the NDA regime. I will publish a white paper on this so that the people know who is working for them.

The Opposition blames you for not being able to handle ethnic conflicts, flood and erosion, rhino killings, illegal immigration from Bangladesh and the loss of agricultural land. Even in its poll campaign, the Congress is non-committal on these issues…

I won't disagree that all these contentious issues remain and there have been shortcomings on our part to tackle them. But, by and large, peace has returned to Assam. Now, you can travel safely to any place. The growth rate is one of the best in the country. Without peace, can there be development? I am not saying that insurgency has been done away with. We have been able to check it to a large extent. If you talk about the Kokrajhar riots, I brought it under control within 60 hours. Lakhs of people had to flee, but within a year, we rehabilitated them. Only a few hundred remain in camps. We pressed the army into action immediately. Look at how Modi handled the Gujarat riots. Why didn't he use the army? Why did he never refer the riot cases to the CBI on his own? He has been exposed. I am not trying to escape.

So, you mean to say that whatever your government has done to tackle the illegal influx of migrants from Bangladesh has been good enough?

It's a major issue but it is not the main issue. Unemployment is a far bigger issue. The Opposition parties always raise this issue during election time because they cannot challenge my government on other issues. It is not to say that we are on a backfoot. The population growth in Assam is now lower than the national average. What does that indicate? It means the issue of illegal migrants has been taken care of. The BJP has been raising this issue for years. What did the party do when the NDA was in power? They forgot the issue.

With the growth of the BJP and Muslim-dominated AIUDF, it is all but certain that votes in Assam will get polarised on religious lines. Modi has already played the Hindutva card by saying that Hindus who fled other countries should be given asylum in India. Even you had tried the same by supporting asylum for those who fled Bangladesh due to religious persecution. Isn't your stand communal?

The media has tried to draw some parallels, which are incorrect. In spite of the attempts made by the BJP and the AIUDF, Assam is not a communally divided society. No one can divide Assam. Modi is only talking about one group — the Hindus. But what I said was different. Our stand is that irrespective of religion, if it's proved that anybody had to flee due to political or religious persecution after Partition, their case should been seen with sympathy on humanitarian grounds. That person can be of any religion — Hindu, Buddhist or even Muslim. It's true that such cases are higher among the Hindus, but I am not talking only about Hindus like Modi is doing.

Critics often say that the Congress is its own enemy. After the 2011 Assembly polls, the media had reported about a rebellion against your leadership. Why are such things happening in Assam, where the party is on a strong footing?

There is no dissidence. The election results will show that the Congress is united. In the Guwahati municipal polls, everyone predicted that we would lose, but we won. The Congress is a big family. Some grievances are bound to arise. Till date, nobody — MLA or minister — has officially demanded my removal. There are differences on the issue of allotting tickets for the polls, but we know how to handle them. After me, there will be new leaders. Who knew that Rajiv Gandhi will be such a good leader or that Sonia Gandhi would lead the party some day. The party is bigger than any individual.

Is the Congress extending dynasty politics in Assam by giving tickets to the sons and daughters of politicians, including your son Gaurav. Will the new faces deliver?

Manas Bora, the son of Social Welfare Minister Akon Bora, won the party's internal primaries; Sushmita, the daughter of former Union minister Santoshmohan Dev, is an MLA and a very educated lady. My son Gaurav was working for an NGO. He is an engineer and was educated in the West… they are all good candidates in their own capacity and ideally don't need their parents' identity to prove themselves. Even if they come from a political dynasty, they have to get elected. Gaurav will not be able to win an election only because he is my son. The identity will definitely help him, but he has to create a niche for himself. I am hopeful that all the new faces will win. Out of 14 seats in Assam, we will win no less than 10. Modi will be proved wrong in Assam.

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Agencies
July 13,2020

New Delhi, Jul 13: The Income Tax Department has facilitated a new functionality for banks and post offices to ascertain TDS applicability rates on cash withdrawal of above Rs 20 lakh in case of a non-filer of the income-tax return and that of above Rs 1 crore in case of a filer of the income-tax return.

In a statement, the Central Board of Direct Taxes (CBDT) said that now banks and post offices have to only enter the PAN of the person who is withdrawing cash for ascertaining the applicable rate of TDS.

So far, more than 53,000 verification requests have been executed successfully on this facility, a statement by the CBDT said.

"CBDT today said that this functionality available as 'Verification of applicability u/s 194N' on www.incometaxindiaefiling.gov.in since 1st July 2020, is also made available to the Banks through web-services so that the entire process can be automated and be linked to the Bank's internal core banking solution," it said.

On entering PAN by the bank or the post office, a message will be instantly displayed on the departmental utility: "TDS is deductible at the rate of 2 per cent if cash withdrawal exceeds Rs 1 crore", in case the person withdrawing cash is a filer of the income-tax return.

In case the person withdrawing cash is a non-filer of income tax return, the message shown would be: "TDS is deductible at the rate of 2 per cent if cash withdrawal exceeds Rs 20 lakh and at the rate of 5 per cent if it exceeds Rs 1 crore."

The CBDT said that the data on cash withdrawal indicated that huge amount of cash is withdrawn by the persons who have never filed income-tax returns.

To ensure filing of return by these persons and to keep track on cash withdrawals by the non-filers, and to curb black money, the Finance Act, 2020 with effect from July 1, 2020 further amended IT Act to lower threshold of cash withdrawal to Rs 20 lakh for the applicability of this TDS for the non-filers and also mandated TDS at the higher rate of 5 per cent on cash withdrawal exceeding Rs 1 crore by the non-filers.

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News Network
February 5,2020

Feb 5: Tesla is making Elon Musk a lot richer without paying him a dime.

A blistering stock rally has bolstered the value of CEO Musk's 19% stake in the electric car maker by $16 billion since the start of 2020, to $30 billion.

Tuesday's steep climb in the share price could sweeten Musk's payday under his record-breaking compensation package, which is built on stock options that rely on market value targets. Two milestones have now been achieved that could see Musk unlock options worth $1.8 billion.

The controversial chief executive, who is also the majority owner and CEO of rocket maker SpaceX, recently testified that he did not have a lot of cash as he successfully defended himself in a defamation lawsuit. He previously has taken loans using his Tesla shares as collateral.

Musk does not take a salary, choosing instead a risky options package that envisions the stock market value of Tesla rising to $650 billion over 10 years, a prospect that was derided by some investors when the deal was announced in 2018.

That target now looks less crazy. Shares of Tesla have rallied over 50% since the company posted its second consecutive quarterly profit last Wednesday, which was viewed as a major accomplishment for a company competing against established automotive heavyweights including General Motors Co  and BMW.

Tesla shares have climbed about 400% since early June, helped by the company's better-than-expected financial results and ramped-up production at its new car factory in Shanghai.

On Tuesday, Tesla surged as much as 24% before falling back in the final minutes of the trading session to end the day up 13.7%. That put its market capitalization at $160 billion, almost twice the combined value of Ford Motor and General Motors.

The shares had also rallied on Monday, partly fueled by Panasonic Corp's 6752.T saying its automotive battery venture with Tesla was profitable for the first time.

The options Musk was awarded in 2018 vest incrementally based on targets for Tesla's stock market value and its financial performance. The market capitalization would have to sustainably rise by $50 billion increments over the agreement's 10-year period, with the full package payout reached if the market cap reaches $650 billion, as well as the company's meeting revenue and profit targets.

Musk is on his way to seeing his first two tranches of options vest. He achieved operational targets on revenue and adjusted earnings last year.

The rise in Tesla's market capitalization last month to a target of $100 billion opened the way for Musk's first tranche of options to vest. With Tuesday's surging share price, the market capitalization blew past the second target of $150 billion, opening the way for the second tranche to vest. Tesla's market capitalization must stay at or above each target level for one- and six-month averages for each set of options to vest.

Tesla was valued at about $52 billion when shareholders approved the pay package in March 2018, a time when the company faced a cash crunch, production delays and increasing competition from rivals.

A full payoff for Musk would surpass anything previously granted to U.S. executives, according to Institutional Shareholder Services, a proxy advisor that recommended investors reject the pay package deal at the time.

Musk currently owns about 34 million Tesla shares, and his compensation package would let him buy another 20.3 million shares if all his options tranches vest.

When Tesla unveiled Musk’s package, it said he could in theory reap as much as $55.8 billion if no new shares were issued. However, Tesla has since awarded stock to employees and last year sold $2.7 billion in shares and convertible bonds, diluting the value of the stock.

Musk has transformed Tesla from a niche car maker with production problems into the global leader in electric vehicles, with U.S. and Chinese factories. So far it has stayed ahead of more established rivals including BMW and Volkswagen.

Many investors remain skeptical that Tesla can consistently deliver profit, cash flow and growth. More Wall Street analysts rate Tesla "sell" than "buy," and the company's stock is the most shorted on Wall Street.

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Agencies
August 2,2020

New Delhi, Aug 2: The National Commission for Women (NCW) has issued notice to some Bollywood celebrities named in a complaint against the promoter of a company for allegedly blackmailing and sexually assaulting a number of girls on the pretext of giving them a career in modelling.

Taking cognizance of the complaint filed by social activist Yogita Bhayana of People Against Rape in India (PARI), the NCW scheduled a virtual hearing presided by its chairperson on August 6.

The complaint against Sunny Verma, promoter of a company named IMG Ventures with its headquarter in Chandigarh, alleged that he has been blackmailing and sexually assaulting a number of girls on the pretext of giving them career in modelling.

PARI's Yogita Bhayana wrote a complaint letter to NCW chairperson Rekha Sharma.

"Through his company, he (Sunny Verma) invites the girls on the pretext of organising a Miss Asia contest with a claim that the contest will launch them as models. To make it look genuine, his company has also been taking an entry fee of Rs 2,950. Once the girls apply, they are alluded by the female accomplices of Sunny Verma to submit their nude pictures in order to get the better ranking in the contest," the complaint letter said on July 31.

It alleged that Verma, after receiving the pictures and sometimes even before, used to get in touch with the girls and ask for completely nude pictures and videos.

The complaint letter said that Verma also used to allude as well as threaten the girls to submit to his sexual desires if they were interested in modelling as a career or wish to win the contest.

"Once he established a physical relationship with the girls, he used to blackmail them for regular sexual favours. Many girls from across the country have suffered a sexual and mental assault from Sunny and his accomplices," said the complaint citing several letters, texts and audio clips from several girls as proof of this modus operandi of Sunny Verma and his company.

The complaint also said that Sunny Verma has been previously also arrested on charges of sexual assault.

"We would demand that NCW should investigate the case to its depth and get the guilty punished so that any other person should not dare to exploit these kinds of innocent girls on any pretext. It will be a message to people like Sunny Verma and all associated Bollywood stars. Looking forward to strict action from NCW against sexual offenders like Sunny Verma & others," the complaint said.

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