Kalam was ready to make Sonia PM

June 30, 2012

Sonia_to_Kalam

New Delhi, June 30: President Abdul Kalam raised no objection to Sonia Gandhi becoming Prime Minister in 2004. Instead, he had been prepared to swear her in despite intense pressure from various parties and politicians, as that was the only “Constitutionally tenable” option available to him if the Congress chief had staked her claim.

Mr. Kalam says this in his forthcoming memoir, Turning Points, thus lifting the veil on an episode that has been wildly speculated upon, with right-wing sections till today convinced that he had dissuaded the Italian-born Ms. Gandhi from considering the prime ministership. In the book, the former President reveals that his office had readied a letter inviting Ms. Gandhi to form the government as Prime Minister but that she surprised him by nominating Manmohan Singh in her place: “This was definitely a surprise to me and the Rashtrapati Bhavan Secretariat had to rework the letter appointing Dr. Manmohan Singh as the Prime Minister.”

The former President says he was inundated with “emails and letters from individuals, organisations and parties” asking him not to accept Ms. Gandhi’s prime ministerial claim, all of which he passed on to “various agencies in the government for their information without making any remarks.” Visiting political leaders added to the pressure. But these demands were “constitutionally untenable”, and if Ms. Gandhi “had made any claim for herself, I would have had no option but to appoint her.”

In the same chapter, Mr. Kalam discloses that he wrote out his resignation in the wake of the Supreme Court judgment holding unconstitutional the May 23, 2005 midnight dissolution of the Bihar Assembly. He says he dropped the move after the Prime Minister pleaded with him not to resign as the resulting furore might lead to the fall of the government. The President was away in Moscow when Dr. Singh called him twice and conveyed the Union Cabinet’s decision to dissolve the Assembly based on reports from the State Governor. Mr. Kalam writes that he quizzed the Prime Minister on the urgency to dissolve an Assembly that had been in suspended animation for six months but nonetheless signed the midnight proclamation because he was convinced the government had made up its mind. However, despite his explicit request, he felt the government did not properly present the President’s action in court, leading to adverse judicial remarks on the Cabinet, which is “mine and I have to take the responsibility.”


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Agencies
March 6,2020

Mumbai, Mar 6; The Indian equity indices slumped on Friday morning, with the BSE Sensex falling over 1,450 points

The slump across the sectoral indices was led by the finance and banking stocks as the Reserve Bank of India on Thursday superseded the board of directors of Yes Bank and placed it under moratorium.

Persistent fears of the coronavirus outbreak severely impacting global economy also weighed on the investor sentiments, analysts said.

At 9.36 a.m., the BSE Sensex trimmed some losses and was trading at 37,376.66, lower by 1,093.95 points or 2.84 per cent from the previous close of 38,470.61

So far, the index has touched an intra-day low of 37,011.09, falling by 1,459.52 points.

It had opened at the intra-day high of 37,613.96.

The Nifty50 on the National Stock Exchange was trading at 10,938.75, lower by 330.25 or 2.93 per cent from its previous close.

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News Network
February 22,2020

Feb 22: Prime Minister Narendra Modi is unlikely to accompany US President Donald Trump and his family members during their visit to the Taj Mahal in Agra on Monday, official sources said.

The US President will arrive in Ahmedabad at around noon on February 24 for a less that 36-hour visit to India. He will be accompanied by a high-level delegation including First Lady Melania Trump, the President's daughter Ivanka Trump, son-in-law Jared Kushner and a galaxy of top US officials.

After attending an event at Ahmedabad, the Trumps will travel to Agra on Monday afternoon to visit the Taj Mahal before arriving at the national capital for the main leg of the visit.

When asked about reports that Modi may accompany Trump to Agra, official sources said there was no such plan.

They said the visit to the Taj Mahal in Agra by the US President and his family members will afford them the opportunity to view the historical monument suitably. Therefore, no official engagements or presence of senior dignitaries from the Indian side is envisaged there, the sources said.

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News Network
January 3,2020

New Delhi, Jan 3: The National Payments Corporation of India (NPCI) on Thursday said the homegrown payments technology RuPay will offer 40 per cent cashback for its international card users for transactions in select countries.

Indians travelling to the UAE, Singapore, Sri Lanka, the UK, the US, Spain, Switzerland and Thailand will be able to earn up to Rs 16,000 cashback per month by getting their RuPay International Card activated, the NPCI said in a release.

With RuPay International cards --JCB, Discover and Diners Club--customers using multiple cards can earn more cashbacks under the 'RuPay Travel Tales' campaign.

To avail the cashback benefit, customers will have to do a minimum transaction of Rs 1000 and the maximum cashback is capped at Rs 4,000 for a single transaction.

The offer can be availed by customers using RuPay International Card four times a month that can give them a chance of earning up to Rs 16,000 as cashback.

Praveena Rai, COO, NPCI said, "We always aim to create an end-to-end value proposition for RuPay International cardholders to make their overseas travel experience seamless and memorable. The campaign is not only providing an exciting platform for travelers to earn cashbacks but also motivating them to migrate towards digital transactions nationally and globally".

Apart from earning cashbacks, RuPay International cardholders can access to RuPay affiliated domestic/international airport lounges.

They also can avail attractive offers on booking international fights and hotels in association with Thomas Cook and Make My Trip, the release said.

RuPay has a partnership with Discover Financial Services (DFS) and Japan based JCB International, allowing RuPay users the access to across 190 countries.

As on date, there are over 1,100 banks live on RuPay platform including SBI, HDFC Bank, Axis bank, among others.

RuPay card base has crossed 600 million, half of which are in the mid and premium segments, NCPI said.

NPCI was incorporated in 2008 as an umbrella organization for operating retail payments and settlement systems in India. An initiative of RBI and IBA under the provisions of the Payment and Settlement Systems Act, 2007, NPCI was initiated for creating a robust payment and settlement infrastructure in the country.

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