Mamata in fresh row, faces flak for calling students Maoists

May 19, 2012

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?Kolkata, May 19: West Bengal Chief Minister Mamata Banerjee on Friday stormed out of a CNN-IBN show on one year of Trinamool Congress rule, after accusing the audience, which consisted of students, to be Maoists and CPM cadre.

The Trinamool Congress chief lost her cool and stormed out of the interactive TV session when members of the audience questioned her on the arrest of Jadavpur University professor Ambikesh Mahapatra and increased rate of crime against women in the state, including the controversial Park Street rape case.

Alleging that the professor was a member of the CPM cadre, the West Bengal Chief Minister said, "It is not a cartoon. We love cartoons. Cartoon is a different thing. He is a CPM man. He misused the e-mail of his society people without their consent. He forwarded it to 60 people."

Mamata also hit out at the CPM, accusing it of working hand-in-glove with the Maoists.

While responding to the question on the cartoon controversy, Mamata slammed the students among the audience saying, "I know that Maoist people and CPM are putting up these questions."

The Chief Minister even went on to ask the girl student who had posed the question if she was a Maoist, asking, "Why students from outside Jadavpur University are not here?"

When asked by the students about crime against women in the state, the Chief Minister got furious. She argued there was no crime against women in the state, and accused the students of being CPM cadres and asking "Maoist questions".

Mamata claimed that it could even be verified that the members of the audience were Maoists and CPM cadres, and they were asking nothing but "questions of the Maoists and the CPM".

Post her walkout, an angry audience spoke out against Mamata's behaviour and expressed their dismay at the sorry state of affairs in the state.

The girl who was accused by the Chief Minister of being a Maoist cadre, said, "I study political science, I know of it in theory. I don't see it in practice. I mean, I am just asking her a question. I didn't provoke her. I didn't instigate her to do what she did. She put a label on me and she walked off. That's what she's been doing. She put a label on the rape victims even before the police had done their dues."

Another member of the audience said, "Looking at the chair, I stood like a lamp post here and that kind of symbolises what is happening in West Bengal. There is one post and everyone else is a lamp post. There is no other work in the Cabinet."

"I am not officially attached to any party. What amazes me as a common man is that if a head of the state behaves that way, then how do we expect local TMC people to behave?" another member asked.

"I have come back after 20 years to this state to try and do some work here because I was so enthused by the change and well... I am going back," said another.

"When she came here, didn't she know that she was going to be asked uncomfortable questions? What did she expect? That people will pat her back and say that you have done very good work? Wasn't she prepared for all these uncomfortable questions?" asked another.

"If you want to engage the youth, involve them in politics and governance. You need to be prepared to give honest answers and to suit their fears and address them."

"Whatever happened, we can joke about it, we can laugh about it but underlining that laughter is a sense of utter despair and the fact that she has landed exactly in that position of political intolerance of defence she voted out the CPM," said an audience member. "Every time she speaks she quotes from Ram Chandra Paramhans and Swami Vivekanand and Tagore and what she displayed here, if she could have just level headedly took the questions. If she thought that we were the ones who were wrong, she should have come out with a logic and told us that you are wrong because of these reasons and not just label somebody as a Maoist and walk off. That just shows that she doesn't have a hallmark of a true leader."

"She has been quoted in Time magazine as being a very powerful woman, Hilary Clinton has rave reviews about her. I wonder what these people will say when they hear about how she behaves with common citizens," said another.

"She has the perfect platform, she just let it go. This is unacceptable," another member added.

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News Network
February 9,2020

Kochi, Feb 9: P Parameswaran, one of the senior-most "pracharaks" of the Rashtriya Swayamsevak Sangh (RSS) and former leader of the erstwhile Bharatiya Jana Sangh, died at 91 in the early hours today, Sangh Parivar sources said.

The founder director of the Bharatheeya Vichara Kendram died at 12.10 am while undergoing Ayurvedic treatment at Ottappalam in Kerala's Palakkad district, according to sources.

P Parameswaran, who had worked with leaders like Deendayal Upadhyaya, Atal Bihari Vajpayee and LK Advani during the Jana Sangh days, was honoured with Padma Vibhushan, the country's second highest civilian award in 2018 and Padma Shri in 2004.

Fondly called as Parameswar ji by Sangh Parivar and Bharatiya Janata Party leaders, he was a prolific writer, poet, researcher and a widely-respected RSS ideologue. He was the Bharatiya Jana Sangh's secretary (1967-1971) and vice0president (1971-1977), as well as the director of the Deendayal Research Institute (1977-1982) in New Delhi.

Born in 1927 in Muhamma, Alappuzha district, he joined the RSS during his student days.

His body will be brought to the RSS headquarters in Kochi this morning for people to pay their last respects. The cremation will be held in Muhamma in the evening, sources said.

During the days of Emergency between 1975-77, he courted arrest as part of the all India Satyagraha against it and was jailed for 16 months.

Bharatheeya Vichara Kendram was established by P Parameswaran in 1982 "to promote nationalist thoughts among Keralites".

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News Network
June 13,2020

New Delhi, Jun 13: Petrol price on Saturday was hiked by 59 paise per litre and diesel by 58 paise as oil companies for the seventh day in a row adjusted retail rates in line with costs since ending an 82-day hiatus in rate revision.

Petrol price in Delhi was hiked to Rs 75.16 per litre from Rs 74.57, while diesel rates were increased to Rs 73.39 a litre from Rs 72.81, according to a price notification of state oil marketing companies.

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.

This is the seventh daily increase in rates in a row since oil companies on Sunday restarted revising prices in line with costs, after ending an 82-day hiatus.

In seven hikes, petrol price has gone up by Rs 3.9 per litre and diesel by Rs 4.

The freeze in rates was imposed in mid-March soon after the government hiked excise duty on petrol and diesel to shore up additional finances.

Oil PSUs Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL), instead of passing on the excise duty hikes to customers, adjusted them against the fall in the retail rates that was warranted because of a decline in international oil prices.

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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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