An emotional day for Pranab as CWC bids farewell

June 25, 2012

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New Delhi, June 25: The Congress today bid a warm farewell to Finance Minister Pranab Mukherjee, poised to become the country’s President, with Prime Minister Manmohan Singh saying that the veteran leader will be missed.

At a special meeting of the Congress Working Committee (CWC), party chief Sonia Gandhi personally bid farewell to the chief trouble-shooter of the party and the UPA and expressed confidence that he would win the July 19 Presidential election with a huge margin.

‘A true congressman’

A visibly emotional Mukherjee, who had held a number of posts in the party and the government, said he has got much more from the party than what he had given.

He said he always considered himself as a true Congressman and did whatever is good for the party.

Mr. Mukherjee recalled his long association with the CWC and thanked the party for nominating him for the President’s post.

Mr. Mukherjee will file nomination for the Presidential poll on June 28, AICC general secretary Janardan Dwivedi told reporters after the CWC meeting.

He is expected to resign from the government and the party tomorrow.

Ms. Gandhi hailed Mr. Mukherjee as the senior-most member of the CWC and said it was a matter of great pleasure that the UPA has made him a Presidential candidate.

Dr. Singh said Mr. Mukherjee’s absence will be felt as he discharged many duties in the government.

The informal CWC meeting called to felicitate Mr. Mukherjee was attended by 20 of the 26 members, including Permanent Invitees.

Among those who spoke on the occasion were Defence Minister A. K. Antony, and senior party leaders Motilal Vora, S. C. Jamir, R. K. Dhawan, Mohsina Kidwai.

Karan, Digvijay absent

Congress general secretary Digvijay Singh was not present at the CWC meeting. Karan Singh, who was one of the aspirants for the Presidential post, was also not present.

Asked about his absence, Digvijay Singh said he was in Madhya Pradesh to attend a private function and had accordingly informed the party leadership.

On Mr. Digvijay’s absence, Mr. Dwivedi said he was among the six leaders who could not attend the meeting.

Digvijay Singh had courted controversy by dubbing Trinamool Congress chief Mamata Banerjee as “immature” and “erratic” over her opposition to Mr. Mukherjee’s candidature drawing instant disapproval from the party.

Key player at CWC

Mr. Mukherjee became a member of the CWC in 1978 and has been a key player in the top decision making body of the party.

Sweets, including popular Bengal delicacy ‘sandesh’, were distributed at the meeting as Congress leaders wished the 76-year-old leader a good innings ahead.

Known for his razor sharp intellect, Mr. Mukherjee, a quintessential Congressman, is variously described as a walking encyclopaedia, chronicler of Congress history, expert in matters of Constitution and governance and a stickler for rules in Parliament.

Mr. Mukherjee is expected to launch his campaign for the Presidential polls from Chennai on June 30 and then likely to visit Hyderabad and Bangalore the next day.

Parliamentary Affairs Minister Pawan Kumar Bansal is coordinating Mr. Mukherjee’s poll campaign, including the process of filing the nomination. An informal coordination committee has also been set up.

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News Network
July 18,2020

Washington, Jul 18: The Foreign Direct Investment (FDI) from the US to India has crossed the $40 billion mark so far this year, reflecting the growing confidence of American companies in the country, the head of an India-centric business advocacy group has said.

The American companies, during the Covid-19 pandemic, which has battered the world economy, have shown great confidence in India and its leadership, said Mukesh Aghi, president of the US-India Strategic and Partnership Forum (USISPF), which keeps a track of the major US FDIs in India.

“Year to date investment from the US, including the recent ones, is over $40 billion,” Aghi said.

In recent weeks alone, the announcement of the FDI into India has been over $20 billion, he said, referring to the announcements made by some of the top companies like Google, Facebook and Walmart.

“Investors’ confidence in India is high. India still remains a very promising market for global investors. If you look at the $20 billion… not just the US, but (investment) has also come from other geographies such as the Middle East and the Far East.

“So, India still remains a very, very bullish market for the investor community,” Aghi said in response to a question.

The USISPF has been working with New Delhi to bring in FDI into India… playing a key role in encouraging American companies planning to move their bases out of China, he said, adding that the move was going on in the last three years of the Trump administration, but gained momentum during the coronavirus pandemic.

“We feel that Prime Minister (Narendra Modi’s) intention is very high. The challenges lie on the execution side. Efforts are being made to encourage manufacturing… I've never seen it so better. The policy framework is moving in the right direction,” he said.

Early this week, Larry Kudlow, the White House Economic Advisor, told reporters that the US tech giants like Google and Facebook announcing big investments in India shows that people are losing trust in China and India is emerging as a big competitor.

At the same time, he rued that India continues to be a protectionist country.

“The question is how do you define protectionism... the administration here is saying America first and India is saying vocal for local…,” Aghi added.

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News Network
January 27,2020

New Delhi, Jan 27: The government on Monday issued the preliminary information memorandum for 100 per cent stake sale in national carrier Air India. As part of the strategic disinvestment, Air India would also sell 100 per cent stake in low cost airline Air India Express and 50 per cent shareholding in joint venture AISATS, as per the bid document issued on Monday.

Management control of the airline would also be transferred to the successful bidder.

The government has set March 17 as the deadline for submitting the Expression of Interest (EoI).

EY is the transaction adviser for Air India disinvestment process.

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News Network
May 28,2020

Pulwama, May 28: A major incident of a vehicle-borne IED blast was averted by the timely input and action by Pulwama Police, Central Reserve Police Force (CRPF) and Army, the Jammu and Kashmir Police said.

According to sources, Pulwama Police got credible information last night about a terrorist moving with an explosive-laden car ready to blast at some location. They took out various parties of police and security forces and covered all possible routes keeping themselves and the police and security forces away from the road at safer locations.

The suspected vehicle came and a few rounds were fired towards it. A little ahead this vehicle was abandoned and the driver escaped in the darkness. On close look, the vehicle was seen to be carrying heavy explosives in a drum on the rear seat. Possibly more explosive would be fitted elsewhere in the vehicle, sources added.

The vehicle was kept under watch for the night. People in nearby houses were evacuated and the vehicle exploded in situ by the Bomb Disposal Squad as moving the vehicle would have involved serious threat, sources said.

The vehicle reportedly sports a number plate of a scooter registered somewhere in Kathua district of Jammu zone, sources added.

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