Protests erupt over Telangana: 2 reportedly commit suicide; Congress ministers remonstrate

August 1, 2013

Protests_erupt_Telangana

Hyderabad, Aug 1: Several Ministers from coastal Andhra and Rayalaseema on Wednesday remonstrated with Chief Minister N. Kiran Kumar Reddy the decision on creation of Telangana even as protests erupted in non-Telangana regions of the state against the contentious move.

Several ministers from non-Telangana region, who had threatened to quit if the Congress decided to carve a new state out of Andhra Pradesh, met Reddy and one of them - Erasu Pratap Reddy - said he had 'already submitted' his resignation to the party.

Hyderabad will be a common capital for 10 years. Comment.

A group of ministers including T.G. Venkatesh, Erasu Pratap Reddy, Ganta Srinivas and Pitani Satyanarayana met the Chief Minister in the afternoon and discussed the fallout of the party high command’s decision.

"We (ministers and MLAs from the two regions) will meet again tomorrow and decide the course of action," Reddy and Venkatesh said after the meeting.

"Nothing has happened yet. Only the Congress has announced its decision. We are still hopeful that the process (to create Telangana) will not go through," they said.

Since Tuesday night, about a dozen MLAs belonging to the ruling party from Andhra-Rayalaseema claimed to have resigned their seats but sources in the Legislature Secretariat did not confirm having received any such letters.

Rallies, demonstrations across Andhra-Rayalaseema

Widespread protests were witnessed in several parts of Andhra and Rayalaseema regions with people taking to streets, organising rallies, demonstrations and burning tyres and effigies of UPA leaders as part of the bandh being observed today by different outfits.

Normal life was disrupted as educational institutions and commercial establishments remained closed and the services of state-run Andhra Pradesh Road Transport Corporation (APSRTC) were suspended in Kadapa, Chittoor, Visakhapatnam and Krishna.

The agitators squatted on roads to prevent the buses from plying.

Suicides, violence reported

Two persons, including a home guard, reportedly committed suicide in Vizianagaram and Guntur districts protesting the move to divide the state. At some places like Eluru, incidents of violence were reported, with protestors attacking a private educational institution and government offices, damaging furniture and setting private vehicles on fire.

Educational institutions remained shut across Andhra-Rayalaseema while lawyers boycotted work at many places. Tension prevailed in Anantapur district after police lobbed teargas shells on Samaikhyandhra protesters who pelted them with stones.

Hundreds of slogan-raising protesters took to streets and pelted stones on policemen near Arts College and other parts of Anantapur town, prompting the police to fire teargas shells.

"The situation is tense but under control. We had to fire teargas shells to disperse the protesters following stone pelting," a senior police official told PTI over phone from Anantapur town.

Indira, Rajiv Gandhi statues damaged

The protesters also allegedly damaged statues of former Prime Ministers Indira Gandhi and Rajiv Gandhi at a few places, besides ransacking a Mandal Revenue office (MRO) in Anantapur, he said adding the agitators also attacked offices of BJP with stones and tried to lay siege to the residence of state revenue minister Raghuveera Reddy.

The police chased away the protesters at many places in the town and some of them have also been taken into custody, he said. In Vijayawada, students gathered at squares and held road blockades to protest the decision to partition the state.

President of Vijayawada Chamber of Commerce and Industry Velampalli Ramachandra Rao told PTI that commercial establishments were closed as traders supported the shutdown. Government employees also supported the bandh call.

The Bar Association of Vijayawada appealed to its members not to attend courts.

In Visakhapatnam, 'Samaikyandhra' students' Joint Action Committee (JAC) and various other organisations held protests. Students' JAC leader Lagudu Govinda, who launched a hunger strike on the Andhra University campus Tuesday night, said his agitation would continue till the Congress high command reversed its decision.

In East Godavari, two platoons of paramilitary forces and as many BSF battalions were deployed as a precautionary measure even as a total bandh was observed in the district, Superintendent of Police Ravikumar said.

Some state-run buses were also damaged due to stone pelting following which five activists were rounded up, they said. Congress and TDP activists also clashed outside TDP office at Gokavaram bus stand in Rajahmundry but were dispersed later, they added.

In Guntur town, the proponents of united Andhra, including Congress activists, organised rallies demanding revocation of the resolution adopted by the Congress Working Committee for carving out Telangana from Andhra Pradesh.

Amid raging protests, Congress ministers and MLAs from Rayalaseema, who met Wednesday morning, demanded that the new capital be located in the Rayalaseema region.

"Kurnool (in Rayalaseema) was capital of Andhra state, but we sacrificed it for Hyderabad in AP. The state is being divided again. Hyderabad is developed. Now, it is not clear where the capital will be established. Our proposal is that we should get the capital, because we sacrificed," Law Minister E. Pratap Reddy told reporters after the meeting.

"Unless the package for Rayalaseema is specifically told to us, we cannot accept this," he said. "We will accept the new state only if we get our share of assured water (from river Krishna) and the new capital," one of them said.

Meanwhile, Telugu Desam Party president N. Chandrababu Naidu has asked the Centre to immediately constitute a committee of experts to assess the quantum of funds required to develop a new capital city for Andhra Pradesh.

"According to our rough estimates, a staggering Rs 4-5 lakh crore will be required to build a new capital and comprehensively create necessary infrastructure. The Centre should fund this and develop the new capital on par with Hyderabad," he said.

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Agencies
August 6,2020

The Indian Defence Ministry, which had in its document that China intruded into the Indian territory in eastern Ladakh in early May, on August 6 took down the page which it had uploaded on its website.

According to a report by news channel NDTV, the ministry, in its document, had said the Chinese aggression has been "increasing along the Line of Actual Control (LAC) and more particularly in Galwan valley since May 5."

"The Chinese side has transgressed in the areas of Kungrang Nala, Gogra and north bank of Pangong Tso Lake on May 17-18," the document, titled 'Chinese Aggression on LAC' stated.

The document revealed that "... a violent face-off incident took place between the two sides on June 15, resulting in casualties on both sides."

After the clash, a second corps commander level meeting took place on June 22 to discuss the modalities of de-escalation. "While engagement and dialogue at military and diplomatic level is continuing to arrive at mutually acceptable consensus, the present standoff is likely to be prolonged," it said.

A defence ministry spokesperson told the news channel that the document "did not go through him".

The opposition Congress, meanwhile, asked the government why the report was taken down with party leader Rahul Gandhi alleging that removal of the document from websites would not change facts.

"Forget standing up to China, India's PM lacks the courage even to name them. Denying China is in our territory and removing documents from websites won't change the facts," Gandhi tweeted.

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Agencies
August 6,2020

Mumbai, Aug 6: Former Reserve Bank of India governor Raghuram Rajan said on Thursday that overly focusing on what sovereign rating agencies think can take one's eyes off what needs to be done for the economy.

"It is also important to convince both domestic and international investors that after the crisis associated with the pandemic is over, we will return to fiscal responsibility over the medium term, and the government should do more to convince them of that," Rajan told the Global Markets Forum.

India was placed under one of the strictest lockdowns in the world in late March for more than two months to stem the spread of the coronavirus, but cases have continued to rise steadily since the government eased restrictions in June, stymieing hopes of an economic recovery.

The government has announced several initiatives to help the poor and small- and medium-size businesses, but actual cash outgo from the government's measures has been estimated at just about 1% of GDP.

Several attribute the fiscal prudence to fear of a downgrade after Moody's cut India's rating and outlook in early June followed closely by a change in outlook from Fitch.

The central bank on its part too has reduced the key lending rate by 115 basis points on top of the 135 bps last year and is widely expected to cut rates by another 25 bps later on Thursday.

"The RBI and government have certainly been cooperating, but it seems like it is elsewhere, the ball is in the government's court to do more," Rajan said.

He said the RBI needs to focus on whether credit is reaching the stressed areas of the economy and also if the viable firms were able to access credit and not the unviable ones.

"And I think that's where it has to focus its attentions, because resources, as you well know, are limited in India today."

Recently analysts, however, have cited the growing possibility the RBI may prefer to pause and cut rates only at its October meeting.

Government officials too have suggested the possibility of any more fiscal stimulus being announced, would only come in the second half of the fiscal year, once a recovery has taken root and coronavirus cases have peaked.

"What India should focus on at this point is protecting its economic capabilities, so that when it has dealt with the virus it can go resume activity in a reasonable way. That should be the focus," Rajan said.

"And if it does that, there is no reason why the rating agencies will not see that as an appropriate policy".

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Agencies
May 17,2020

New Delhi, May 17: Eight of the 10 most valued domestic firms suffered a combined erosion of Rs 1,37,311.31 crore in market valuation last week, with Reliance Industries (RIL) taking the biggest knock.

Only Bharti Airtel and ITC from the top-10 list managed to close the week with gains.

RIL's market cap plunged Rs 65,232.46 crore to Rs 9,24,855.56 crore.

The market valuation of HDFC Bank declined Rs 22,347.07 crore to Rs 4,87,083.88 crore and that of Hindustan Unilever Limited tanked Rs 13,192.26 crore to Rs 4,77,458.89 crore.

ICICI Bank's market cap dropped Rs 9,770.06 crore to Rs 2,08,900.79 crore.

Infosys witnessed a decline of Rs 9,518.84 crore in valuation to reach Rs 2,77,814.09 crore while that of HDFC tumbled Rs 9,370.38 crore to Rs 2,83,293.70 crore.

The m-cap of Kotak Mahindra Bank slipped by Rs 7,805.2 crore to Rs 2,25,327.22 crore.

Tata Consultancy Services' market valuation dipped Rs 75.04 crore to Rs 7,10,439 crore.

In contrast, Bharti Airtel added Rs 13,147.89 crore to its valuation to stand at Rs 3,02,292.43 crore.

ITC's valuation also rose by Rs 7,744.11 crore to Rs 2,02,330.13 crore.

In the ranking of top-10 firms, RIL retained the number one spot, followed by TCS, HDFC Bank, HUL, Airtel, HDFC, Infosys, Kotak Mahindra Bank, ICICI Bank and ITC.

During the last week, the Sensex declined 544.97 points or 1.72 per cent.

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