Narendra Modi says he will reach out to Muslim 'brothers'

April 22, 2014

modiNew Delhi, Apr 22: Narendra Modi on Tuesday said he would reach out to Muslim "brothers" like any other citizen of the country and made it clear that the contentious issues of Ram temple and Uniform Civil Code would be addressed within the Constitutional framework.

The BJP's prime ministerial candidate underlined that he sees all Indians as one and it is his "responsibility" to reach out to all sections of the society, which includes Muslims.

"As chief minister of Gujarat, I have tried to connect to six crore people of the state as much as possible. Now I have been entrusted with the national responsibility. I will use all efforts at my command to reach out to 125 crore people. This is part of my responsibility and I must do it.

"It may mean walking 100 steps. I may walk three steps, five steps or seven steps, that is a different matter. But it is my responsibility that I must make demonstrative efforts to reach out to every citizen of the country," he said.

He was responding on ABP News channel's 'Ghoshnapatra' programme when pointed out that he appeared to have started establishing contact with Muslim community.

Asked specifically whether his effort to reach out to every citizen included Muslims, Modi replied, "I will never go by this terminology of yours. Even if you drag me, I will not. I will meet my countrymen. I understand only one language that they are my countrymen, they are my brothers. You may see with whatever colour you want, Modi will not go into that colour."

He went on to add, "even if I lose elections, let it be so, I have no problem. But the country has been destroyed by this language, the mindset of you people and I will never own that mindset. And you please stop such attacks on my freedom."

Modi was referred to the issues of Ram temple and Union Civil Code, which have been a major point of contention between BJP and Muslims, and asked whether he would implement these unfulfilled subjects of BJP agenda considering his 'tez tarrar' (fiesty) image.

"The country does not run by 'tez tarrari' (fiestyness) but by the Constitution. Fiestyness is for elections but not for running the country," the BJP's prime ministerial nominee said, making clear that he would abide by the Constitution on these issues.

He was also asked whether his work as Prime Minister would have "RSS imprint" since he has been groomed by it.

"Let me tell you, I have to run the government. A government runs according to the Constitution. I believe that a government has only one religion — India first. A government has only one holy book — our Constitution. A government has only one kind of devotion — towards nation. A government has only one style of functioning — 'sabka sath, sabka vikas' (cooperation of all, development of all).

When referred to 2002 riots, the Gujarat chief minister said he has "stood the test" and was "ready for any test" but would "never surrender before lies and political motives."

He said, "...Till 2007, I have spoken a lot on this issue. Whether you like it or not, I will not succumb to you (on the issue)."

Attacking the UPA government, he said it "dragged" him to the Supreme Court on the issue and "now I should not speak as SC should be influenced."

He, however, referred to the questioning he faced on the matter from the investigators.

"Till now, no CM has been grilled by policemen for nine hours. It was done on the orders of Supreme Court. SC has seen the video of that recording. I have stood that test and even in future, I am ready for any test," he added.

Asked about the statement by BJP leader Giriraj Singh that those opposing Modi should go to Pakistan, the BJP's prime ministerial candidate said "nobody can agree with that (statement)."

To buttress his point that he would not be vindictive, Modi said, "After election victory of 2002, I went to thank the electorate of Maninanagar (in Gujarat). There, I said 'this government is of those who have elected it, this government is also of those who voted against and this government is also of those who did not go to vote'."

Asked about different voices in BJP over whether action should be taken against Sonia Gandhi's son-in-law Robert Vadra in connection with alleged inappropriate land deals, Modi made it clear that he would focus on development rather than such issues which will be dealt with by the law as deemed fit.

"We get elected for five years and for five years should we roam around with this mess or do some good work? My personal belief is that my energy should not go into this, that my energy be utilised for positive and good work. Otherwise, five years is very less time. If we get entangled in this, what good work can we do," he said.

Citing his "track record" as chief minister of 14 years, he said it "shows that I have never opened any file against anybody. I believe that one gets entangled in such things and cannot do good work. I have only focussed on positive initiative. I do not even keep information about old cases. It is for government, let them do."

At the same time, he said, "Nobody is above the law. Imagine if there allegations against Modi and he is the Prime Minister. Should the case not be pursued just because he has become the PM. It should not be so that it should be stopped. I am not above the law. I am not answering the question you asked. So do not mix up."

On the controversy over the 'marriage' section of his affidavit and whether he expected it, he said, "I do not get surprised by anything. There is nothing in my life. They (rivals) have no issue so they will continue to do it."

The question related to his mentioning for the first time that he has a wife, over which he is facing attack from Congress.

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Agencies
May 27,2020

New Delhi, May 27: The government has further extended the deadline for bidding to buy its entire 52.98 per cent stake in the country's second-biggest oil refiner, Bharat Petroleum Corp Ltd (BPCL), by over one-and-a-half months to July 31.

This is the second extension for submission of expression of interest (EoI) for BPCL stake by interested bidders. The government had first invited bids showing interest in buying its stake, by May 2. It was then extended till June 13.

This has now been extended to 5 p.m. on July 31 in "view of further requests received from the interested bidders and the prevailing situation arising out of COVID-19", an official notice put up by disinvestment department DIPAM late on Tuesday said.

Accordingly, the last date for submission of written queries or preliminary information memorandum has been pushed back to June 23 from the earlier deadline of May 16.

The disinvestment in BPCL involves the government selling its entire 52.98 per cent stake in the company to a strategic investor with transfer of management control. The government has barred PSUs from bidding for BPCL and expects private sector Indian players and global MNCs to bid for its stake. The government's stake in BPCL is worth around Rs 50,000 crore.

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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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News Network
March 10,2020

New Delhi, Mar 10: Minutes after Jyotiraditya Scindia submitted his resignation to the party membership to Congress chief Sonia Gandhi, the Congress expelled him for anti-party activities after reports emerged that he had met PM Modi and Amit Shah.

Disgruntled Congress leader Jyotiraditya Scindia met Prime Minister Narendra Modi on Tuesday amid indications that he might join hands with the BJP to topple the Madhya Pradesh government.

Sources said Scindia first met Union Home Minister Amit Shah, and then the two leaders met Modi at the prime minister's residence.

Legislators loyal to Scindia, who has been upset with the Congress leadership with his marginalisation in the affairs of the Madhya Pradesh Congress, are likely to quit the party to reduce the Kamal Nath-led government to a minority.

It is likely to be followed by the Bharatiya Janata Party staking claim to form the government in the state.

The Congress President has approved the expulsion of Jyotiraditya Scindia from the Indian National Congress with immediate effect for "anti-party activities," said KC Venugopal, General Secretary Congress.

No person is, nor will be greater than the party: Congress youth wing chief

Indian Youth Congress (IYC) chief Srinivas B V on Tuesday slammed Jyotiraditya Scindia, who has announced his resignation from the primary membership of the Congress, and thanked party chief Sonia Gandhi for expelling the former Guna MP "who was promoting anti-party activities and factionalism".

"The history of 1857 and 1967 was once again repeated," Srinivas B V said, referring to the 1857 Revolt against East India Company and the role of the Scindia royals back then as well as Vijayaraje Scindia's switch from the Congress to the Jana Sangh in 1967.

"I would like to thank Congress president Sonia Gandhiji for taking the strong steps to expel the leader who was promoting anti-party activities and factionalism," the IYC chief said.

"No person is, nor will be greater than the party," he added.

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