Govt indicates not averse to voting on FDI

November 27, 2012

pm

New Delhi, November 27: With DMK showing the green flag, government today indicated it was not averse to voting in Parliament on the FDI in retail, a move that could end the House logjam.

"We are confident of numbers," Prime Minister Manmohan Singh told reporters after an hour-long meeting of the leaders of UPA, which presented a united picture, as news came from Chennai of DMK extending its support to the government during any voting on the FDI issue.

"The UPA is fully united on any decision of the Speaker and the Government... all constituents are firmly behind the Government," Parliamentary Affairs Minister Kamal Nath said.

Asked if the government was ready for a vote, Nath said government is "not averse" to discussion under any rules. "I said it yesterday. I am repeating it today," he said.

"Larger numbers (parties at the UPA meeting) were in favour of discussion to be decided by the Speaker," he said.

Nath said the issue was discussed today at the UPA meeting and he will meet the Speaker to convey the sense of the meetings of all party leaders yesterday and UPA leaders.

However, sources said, government has conveyed to Lok Sabha that it did not favour voting on FDI in retail in Lok Sabha arguing it would send a wrong precedent of voting on an executive decision taken by the government. At the same time, it has left the decision to the Speaker.

Opposition BJP and Left parties insisted that the discussion on FDI should be followed by voting.

While in Lok Sabha, the government appears to be comfortably placed in the numbers game with promise of support from SP and BSP and DMK's open backing today.

Trinamool Congress with 19 MPs has also been cold towards Opposition demands for a vote on the issue.

However in Rajya Sabha, where the UPA coalition does not have the numbers on its own, may have problems in case of a vote.

In a House with an effective strength of 244, the UPA and its allies have a strength of about 95 members. It may have to persuade outside supporters BSP (15) and SP (9) to positively vote with the government and not abstain to win in case of a voting.

At present, UPA enjoys the support of about 265 MPs in Lok Sabha of 545. With the support of Samajwadi Party (22) and BSP (21), the backing for the ruling coalition goes a little over 300, which is comfortable over the required 273.

"We are ready for a discussion on FDI in retail only under Rule 184 (which entails voting). The country wants to know which party really supports or opposes FDI in retail.

"There were some parties which were earlier opposed to it but are now supporting FDI," BJP spokesperson Shahnawaz Hussain said.

In a huge relief to UPA, DMK decided to back the UPA government in Parliament on the FDI FDI in multi-brand retail sector when the discussion on takes place.

The party has decided on this course with "bitterness" so that communal forces do not take advantage of the situation and come to power, DMK Chief M Karunanidhi said.

"One should not forget the situation of the UPA government falling if a discussion and voting takes place under rule 184 in Parliament accepting the demand of BJP and some other parties," he said.

DMK's decision comes two days after Congress emissary Ghulam Nabi Azad met Karunanidhi to take the second largest UPA constituent on board.

"Though there may be thousands of differences still persisting on the issue and considering the consequences if the government falls at the Centre, in bitterness, the DMK has decided to support the UPA government on the issue", Karunanidhi said.

DMK's 18 MPs are crucial to the government in case of a vote in Lok Sabha.

Home Minister Sushil Kumar Shinde, who is also the leader of the Lok Sabha, said, "By Monday, everything would be decided and everything would be settled."

Finance Minister P Chidambaram said the government was serious on ending the deadlock in Parliament.

"The work is not complete. We will spend several hours tomorrow and Thursday. We are very concerned about the deadlock in Parliament," he told reporters.

Chidambaram said government spend two and half hours with all the parties yesterday and two hours with UPA constituents today to try to end the logjam.

UPA Chairperson Sonia Gandhi, Rahul Gandhi, Defence Minister A K Antony, RLD's Ajit Singh, DMK's T R Baalu, NCP's Sharad Pawar and Praful Patel, National Conference's Farooq Abdullah and finanace Minister P Chidambaram were among those who attended the UPA meeting.

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Agencies
January 15,2020

Mumbai, Jan 15: Michael Debabrata Patra took over as Deputy Governor of the Reserve Bank of India (RBI) on Wednesday.

He was an Executive Director of India's central bank before being elevated to the post of Deputy Governor.

An RBI release said that as Deputy Governor, Patra will look after Monetary Policy Department including Forecasting and Modelling Unit (MPD/MU), Financial Markets Operations Department (FMOD), Financial Markets Regulation Department.

He will also look after Market Intelligence (FMRD/MI), International Department (Intl. D), Department of Economic and Policy Research (DEPR), Department of Statistics and Information Management (including Data and Information Management Unit) (DSIM/DIMU), Corporate Strategy and Budget Department (CSBD) and Financial Stability Unit.

Patra, a career central banker since 1985, has worked in various positions in the Reserve Bank of India.

As Executive Director, he was a member of the Monetary Policy Committee (MPC) of RBI, which is invested with the responsibility of monetary policy decision making in India. He will continue to be an ex-officio member of the MPC as Deputy Governor.

Prior to this, he was Principal Adviser of the Monetary Policy Department, Reserve Bank of India between July 2012 and October 2014.

He has worked in the International Monetary Fund (IMF) as Senior Adviser to Executive Director (India) during December 2008 to June 2012, when he actively engaged in the work of the IMF's Executive Board through the period of the global financial crisis and the ongoing Euro area sovereign debt crisis.

The release said that his book "The Global Economic Crisis through an Indian Looking Glass" vividly captures this experience.

He has also published papers in the areas of inflation, monetary policy, international trade and finance, including exchange rates and the balance of payments.

A fellow of the Harvard University where he undertook post-doctoral research in the area of financial stability, he has a PhD in Economics from the Indian Institute of Technology, Mumbai.

He will hold the post for three years or until further orders. The post fell vacant after Viral Acharya resigned on July 23 last year.

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News Network
March 25,2020

Chennai, Mar 25: Tamil Nadu reported its first Covid-19 death at the Rajaji Government Hospital in Madurai this morning. The 54-year-old man from Madurai had no history of travel to any coronavirus-affected state or country.

However, he did have contact with two Thai nationals who had tested positive for Covid-19 and are undergoing treatment in isolation in Erode.

"Despite our best efforts, the #COVID-19 +ve Pt at MDU, #RajajiHospital, passed away few minutes back. He had medical history of prolonged illness with steroid-dependent COPD, uncontrolled Diabetes with Hypertension,” Tamil Nadu health minister C. Vijayabaskar tweeted.

The patient tested positive for the coronavirus on March 23. Yesterday the minister had disclosed that the patient had not responded well to treatment due to his medical condition. “He has a medical history of prolonged illness with steroid dependent COPD, uncontrolled diabetes with hypertension,” he said.

As of Wednesday morning, the total number of Covid-19 infected patients in Tamil Nadu was 18, including one patient who has recovered.

The latest patients include a 65-year-old man who returned from New Zealand and is currently in isolation at a private hospital, a 55-year-old woman from Saidapet who is currently in quarantine Kilpauk Medical College Hospital, and a 25-year-old who returned from London and is undergoing treatment at the Rajiv Gandhi Government General Hospital.

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News Network
March 13,2020

Bhopal, Mar 13: The Madhya Pradesh Economic Offences Wing (EOW) on Thursday decided to verify facts afresh in a complaint against former Union Minister Jyotiraditya Scindia and his family, in which they are accused of falsifying a property document while selling land.

The development came after Mr Scindia quit the Congress and joined the BJP on Wednesday. 22 MLAs who belong to his camp also resigned, threatening the survival of the Kamal Nath government in the state.

"Yes, an order has been given for re-verification of facts in the complaint filed by Surendra Shrivastava," an Economic Offences Wing official told PTI.

An EOW release said Mr Shrivastava on Thursday filed a new complaint against Mr Scindia and his family, alleging that by falsifying a registry document, they sold him a piece of land at Mahalgaon which was smaller by 6,000 sq feet than the original agreement in 2009.

He had lodged the complaint first on March 26, 2014. But it was investigated and closed in 2018, the EOW official said. "As he again petitioned us today, we will re-verify the facts," the officer said.

Jyotiraditya Scindia's close aide Pankaj Chaturvedi alleged that it was political vendetta.

"The case had been closed for want of evidence. Now for vengeance, it is being reopened. We have full faith in the Constitution and law. We will get justice and Kamal Nath government a befitting reply," Mr Chaturvedi said.

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