Gadkari out of BJP prez race, Rajnath likely choice

January 23, 2013

rajani

New Delhi, Jan 23: Senior Bharatiya Janata Party (BJP) leader Rajnath Singh on Tuesday emerged as a consensus candidate for the next party president’s post after Nitin Gadkari’s hope of securing a second consecutive term took a blow owing to the Income-Tax Department conducting surveys on companies allegedly linked to his Purti group.

In a late evening development on the eve of BJP president election, Gadkari, who was in Maharashtra along with veteran leader LK Advani to attend a function, resigned as party president.

Rajnath Singh’s candidature appeared acceptable to the Rashtriya Swayamsevak Sangh (RSS).

There was constant opposition from Advani to Gadkari’s second term due to some corruption charges the BJP?chief was facing. The Income-Tax move on Tuesday sealed Gadkari’s fate.

It is learnt that the BJP parliamentary board will meet at 9:30 am on Wednesday to declare former party chief Rajnath Singh’s candidature after he files his nomination.

“I have had the privilege to serve my party, the BJP, as a political worker and finally as its president for one term. As part of my commitment to the weaker sections, particularly farmers, I embarked upon social enterprises to serve society. I have committed no wrong or any impropriety either directly or indirectly.

Yet the UPA government has been making efforts to spread disinformation about me in order to hurt me and my party. I have always said that I am ready for any independent enquiry. I shall fight these efforts of this government both politically and legally,” Gadkari said in a statement.

“I do not wish that this should in any way adversely affect the interests of the BJP. I have, therefore, decided not to seek a second term as the president of the BJP. I am extremely grateful to all my colleagues and the cadre of the BJP who have cooperated with me during my term as a president,” he announced.

Gadkari was forced to withdraw himself from the race on a day of dramatic developments. It started with the news of IT- conducting surveys on companies linked with the Purti Group. Till afternoon, the BJP insisted that the surveys had nothing to do with the Purti Group. Gadkari himself issued a press release to condemn the I-T inquiries, which he described as “calculated, mischievous and politically motivated.”

In the evening, former Union minister Yashwant Sinha procured nomination papers and a voters’ list from chief electoral officer Thawar Chand Gehlot. Earlier, Mahesh Jethmalani complained that he was not given nomination papers though he was also, like Sinha, keen on putting up a fight against Gadkari.

Later, a meeting of top BJP leaders, attended by the leaders of the opposition in the Lok Sabha and Rajya Sabha, Sushma Swaraj and Arun Jaitley respectively, and Venkaiah Naidu and Ram Lal discussed Yashwant Sinha’s candidature and the I-T surveys. The leaders unanimously decided to bring Singh back as president.

Interestingly, Gadkari had replaced Singh three years ago.Sinha and Mahesh Jethmalani may not contest  the party president’s post.RSS general secretary Suresh Joshi alias Bhaiyaji Joshi said in Mumbai that “the BJP has capable leaders to decide its next president and we (RSS) will support whatever decision it takes.”

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News Network
March 25,2020

New Delhi, Mar 25: The total number of positive coronavirus cases in India have climbed to 606, said Ministry of Health and Family Welfare on Wednesday.
The total number of active COVID-19 cases in the country so far stands at 553, while the number of people who have been cured or discharged stands at 42.
Ten people have died from the disease while one case has migrated, the Ministry further informed.
Meanwhile, Prime Minister Narendra Modi on Tuesday announced a 21-day lockdown in the entire country to deal with the spread of coronavirus, saying that "social distancing" is the only option to deal with the disease, which spreads rapidly.
In a televised address to the nation, Prime Minister Modi said that it is vital to break the chain of the disease and experts have said that at least 21 days are needed for it.

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News Network
July 13,2020

New Delhi, July 13: The number of active Covid-19 cases in India crossed the 3 lakh mark on Sunday even as fresh infections during the day surged to another new peak, crossing 29,000 for the first time. After staying over 500 for the past two days, the daily death toll came down slightly to 492.

While the focus has been on recoveries, the number of active Covid-19 cases in the country has been steadily rising. It hit the 1 lakh mark on June 4 and went past 2 lakh 23 days later. It has taken just 15 days more to reach 3 lakh.

India reported 29,271 new cases on Sunday, the fifth straight day of record rise in daily infections. With this, the country’s coronavirus caseload has risen to 8,79,060, two days after hitting the 8 lakh mark, as per data collated from state governments. Active cases stood at 3,02,466 while more than 5.53 lakh people were declared cured of the infection.

Covid-19 deaths in the country rose to 23,175 after 492 fatalities were added on Sunday, translating to a case fatality rate of 2.6%. The CFR has been steadily dropping with the surge in cases.
 

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News Network
January 7,2020

Jan 7: India’s monetary authority allowed banks to offer foreign-currency transactions outside of local market hours, a move aimed at boosting trading volumes at home.

Interbank deals, as well as those with customers in and outside India, can be undertaken by banks or their overseas branches and units at all times, the Reserve Bank of India said in a statement late Monday. It stopped short of saying whether the timing of the onshore over-the-counter market has been extended from the current 9 a.m. to 5 p.m.

The move is in line with recent recommendations to reverse the trend of the partially convertible rupee being traded more abroad than in India. London has overtaken Mumbai to become the top center for trading the rupee, adding to a sense of urgency among local authorities to deepen the onshore market.

Average daily volumes for rupee in the U.K. soared to $46.8 billion in April, a more than fivefold jump from $8.8 billion in 2016, according to a survey from the Bank for International Settlements published in September. That exceeded the $34.5 billion recorded in India.

Analysts say more trading abroad could amplify volatility in the domestic market and reduce the effectiveness of policy actions.

India’s decision comes as the London Stock Exchange Group Plc has started asking market participants if they want the bourse to function fewer hours, signaling it’s open to an argument driven by changing trading patterns and calls for a better work-life balance.

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