With eye on early Lok Sabha elections, BJP shedding saffron image?

September 30, 2012

BJP-Saffron

New Delhi, September 30: While anticipating that elections may be held earlier than scheduled, BJP has been trying to soften its "hardline Hindutva" image in what appears to be a move to blunt the hostility of Muslims, and reassure its existing allies while reaching out to new partners.

 

The three-day session of BJP's national executive saw both party president Nitin Gadkari and veteran leader LK Advani condemning the anti-Islam film that has triggered violence in different parts of the globe.

 

Gadkari on Thursday cited Swami Vivekananda, whose 150th birth anniversary is being planned by the party in a big way, to condemn the film that denigrates Prophet Mohammad.

 

"It's wrong to spread disrespect towards anybody who is revered by members of a faith. We should with full conviction reassure our brethren belonging to the minority communities that we brook no discrimination or injustice in dealing with different sections of our diverse society," Advani said in a speech that was well received by the audience.

 

He suggested that doing so would help reassure party's potential allies that "they have nothing to be apprehensive about partnering with BJP". Advani also emphasized the need for broadening the NDA, saying that the grouping has to be transformed into "NDA Plus".

 

The remark acquires significance in view of the apprehension of an existing ally, Bihar CM Nitish Kumar, as well as the recognition that the fear of losing Muslim support forces some of the anti-Congress players to maintain a distance from the saffron outfit. In fact, Advani's advice that party should undergo an image makeover to appear "secular" appears to articulate especially Kumar's anxiety.

 

The Bihar CM is apprehensive that the projection of his Gujarat counterpart Narendra Modi as BJP's choice for the PM will deal a setback to his assiduous attempts to woo Muslims away from his rival Lalu Prasad.

 

Regional players like TDP chief N Chandrababu Naidu and Odisha CM Naveen Patnaik, who are hostile to Congress, are loath to be seen in BJP's company because of the latter's "communal tag".

 

Though a handicap for the BJP, the "communal" brand works to the advantage of its allies, who cite it to justify their flexibility in choosing allies and taking positions.

 

On a larger plane, the same factor helps the "secular" rivals to seek to mobilize Muslims against the saffron party.


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News Network
January 21,2020

Jan 21: Indian policymakers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home.

Investors are speculating about potential steps Finance Minister Nirmala Sitharaman could unveil when she presents the nation’s budget on Feb. 1. These measures may include freeing up firms to borrow at higher rates and offering tax breaks to global funds.

“The government will need to relax local rules to make it easier for Indian companies to raise debt overseas and tide over the funding crunch in the onshore market,” said Raj Kothari, London-based head of trading at Jay Capital Ltd. “At the same time, they need to ensure that the borrowers tapping offshore markets abide with stricter corporate governance so as to avoid further defaults.”

A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding. The government has tried a series of measures to spur domestic credit, including providing so-called credit enhancement and allowing tiny firms to restructure debt.

Here are some steps Sitharaman may consider to spur foreign borrowing:

• She could raise the cap of 450 basis points above Libor, which limits overall foreign debt costs for Indian companies

• This could help lower-rated firms sell bonds abroad. Indian companies rated BBB currently borrow at more than 10%, about 3.8 percentage points more than their top-rated peers;

• Sitharaman could waive the withholding tax foreign investors need to pay on holdings of rupee-denominated debt sold by Indian companies abroad

• The waiver was offered between September 2018 to March 2019, but wasn’t extended as the highest global interest rates since the financial crisis deterred Indian borrowers. Since then, the three-month Libor has dropped by about 1 percentage point

• She could permit Indian property developers and housing finance lenders to sell overseas bonds for reasons beyond affordable housing projects

• New funding lines to the real estate sector, arguably ground zero of India’s economic slowdown, could help kickstart consumption and investment as the industry is the nation’s biggest job-creator.

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Agencies
February 11,2020

New Delhi, Feb 11: People of Delhi have explained the true meaning of nationalism through their mandate, AAP's prominent face Manish Sisodia said as he clinched victory on the Patparganj seat.

Sisodia, who retained his seat for the third time, said the BJP indulged in "politics of hate", but people refused to be divided.

"I am happy to have won the Patparganj seat again. The BJP indulged in politics of hate, but I thank the people of Patparganj. Today, Delhi's people have chosen a government which works for them and explained the true meaning of nationalism through their mandate," he told reporters.

Sisodia, who was the Deputy Chief Minister and led the government's education reforms agenda, defeated BJP's Ravinder Singh Negi by a margin of over 3,500 votes.

The initial trends saw a seesaw battle between Sisodia and Negi.

In 2013, Sisodia had won by a margin of 11,000 votes and in 2015 by over 28,000 votes.

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Agencies
May 24,2020

Lucknow, May 24: The Yogi Adityanath government in Uttar Pradesh has banned Corona patients from keeping mobile phones inside isolation wards of COVID-19 hospitals in the state.

Patients admitted in dedicated L-2 and L-3 COVID hospitals will no longer will allowed to take mobile phones along with them in the isolation wards in order to check the spread of the infection.

According to an order issued by the state government late on Saturday night, two mobile phones will now be available with the ward in-charge of the COVID care centres so that patients and talk to their family members and administration if required.

Further, the orders specify that the mobile numbers should be communicated to the family members of the patients also.

Director General Medical Education, K.K. Gupta, who issued the order, has informed all concerned officials and directors of dedicated COVID hospitals.

"To facilitate the communication between COVID-19 patients admitted in clinics, with their family members, or anyone else, ensure that two dedicated mobile phones while adhering to infection prevention norms, are kept with ward in-charge of COVID care centre," the order said.

According to the latest data available on the website of the Ministry of Health and Family Welfare, Uttar Pradesh now has 5,735 cases of Corona positive patients and the numbers have been growing steadily since the past ten days.

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