Ordinance to shield convicted lawmakers: Rahul calls it 'nonsense'

September 28, 2013

Rahul_callsNew Delhi, Sep 28: Rahul Gandhi jolted the UPA government and left Prime Minister Manmohan Singh out on a limb on Friday by trashing a controversial ordinance designed to protect convicted lawmakers from disqualification.

"My opinion of the ordinance is that it is complete nonsense and should be torn up and thrown away," the normally reticent Congress vice-president said of a piece of legislation steered by the PM and widely thought to have the backing of top Congress leaders.

Rahul's condemnation of the ordinance, which now looks dead in the water, exposed divisions between ruling party and government and undermined the position of PM Singh at the worst possible time -- two days before talks with Pakistan PM Nawaz Sharif and hours before a meeting with Barack Obama in New York.

The 43-year-old Gandhi scion strode into a media interaction by chief party spokesperson Ajay Maken at the Press Club of India and proceeded to demolish the controversial legislation before stunned partymen and journalists.

"What the government has done is wrong,", he said, adding that it was high time that political parties stopped taking decisions based on political considerations. The ordinance overturns a Supreme Court ruling mandating disqualification of convicted lawmakers facing at least a two-year jail sentence.

The Congress was trying to push it through despite a bill pending in Parliament, possibly to protect party Rajya Sabha MP Rasheed Masood and ally Lalu Prasad. But President Pranab Mukherjee, who has to sign the ordinance, is understood to have demurred, and sought clarifications. Who stands to lose?

Calls for the PM's head grew, with many observers seeing his position as untenable in light of Rahul's outburst and the likely stillbirth of the ordinance. But he appeared determined to soldier on, saying in New York that he would take up the matter on his return. But the government looked set to withdraw the ordinance.

Later, a letter Rahul wrote to the PM was made available to the media, which said, “I realize that what I feel about the ordinance is not in harmony with the cabinet decision and the core group’s view… You know I have the highest respect for you… I hope you will understand the strength of my own conviction about this very controversial issue.”

Leader of the opposition in the Rajya Sabha, the BJP's Arun Jaitley, was scathing in his criticism. "This is the highly belated realisation of what constitutes nonsense.....well the government makes mistakes, rest of the world makes mistakes, but the first family of the Congress doesn't make mistakes," he said.

Congress politicians, who had either been silent about their opposition to the ordinance or actively justified it to the media, quickly fell in line with Rahul, who many see as a possible successor to the PM if the UPA were to return to power in 2014.

"Today was the most appropriate day. He chose to speak at the decisive moment before the President was to take a decision," said a senior party leader.

Party leaders declined to confirm whether the issue of bringing an ordinance was discussed by the top Congress leadership during its core committee meeting last week.

Maken, who had started the interaction by explaining the need for the ordinance, said when asked whether it would be withdrawn: "Rahul ji's opinion is the opinion and the line of Congress... Now Congress party is opposed to this ordinance. The views of Congress party should always be supreme."

Some Congress leaders including Digvijaya Singh, Milind Deora and Sandeep Dikshit had expressed their reservations against the move.

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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
June 18,2020

New Delhi, Jun 18: Prime Minister Narendra Modi on Thursday launched the auction process for 41 coal blocks for commercial mining, a move that opens India’s coal sector for private players, and termed it a major step in the direction of India achieving self-reliance.

Launching the auction of mines for commercial mining, that is expected to garner ₹33,000 crore of capital investment in the country over next five to seven years, the Prime Minister said India will win the coronavirus war and turn this crisis into an opportunity, and the pandemic will make India self-reliant.

The launch of the auction process not only marks the beginning of unlocking of the country’s coal sector from the lockdown of decades , but aims at making India the largest exporter of coal, the Prime Minister said.

Presently, despite being the world’s fourth largest producer, he said India is the second largest importer of the dry-fuel.

“Allowing private sector in commercial coal mining is unlocking resources of a nation with the world’s fourth-largest reserves,” he pointed out.

Major scams had taken place in coal action earlier, but the system has been made “transparent” now, the Prime Minister said lambasting past policies of keeping the sector closed.

Mr. Modi said that this auction process will result in major revenues to states and create employment besides developing the far-flung areas.

The commencement of auction process of these blocks, part of the series of announcements made under ‘Atmanirbhar Bharat Abhiyan’, is likely to contribute ₹20,000 crore revenues annually to the state governments.

In line with the Prime Minister’s self-reliance call, the aim behind the auction process is to achieve self-sufficiency in meeting energy needs and boosting industrial development.

The government has taken an important decision to open up coal and mining sector to competition, capital and technology, he said.

Coal and Mines Minister Pralhad Joshi, who was also be present during the launch event, said ₹50,000 crore is being invested in the sector to jack up India’s coal output to 1 billion tonne.

With a view to achieve self-reliance in the coal sector, the Ministry of Coal in association with FICCI launched the process of auction of 41 coal mines under the provisions of Coal Mines (Special Provisions) Act and Mines and Minerals (Development and Regulation) Act.

Upon attainment of peak rated capacity of production of 225 million tonnes (MT), the government said, these mines will contribute about 15% of the country’s projected total coal production in 2025-26.

It will also lead to employment generation for more than 2.8 lakh people — direct employment to approximately 70,000 people and indirect employment to approximately 2,10,000 people, as per the government.

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News Network
March 16,2020

Mar 16: A fourth batch of 53 Indians returned to India from Iran on Monday, taking the total number of people evacuated from the coronavirus-hit country to 389.

This comes a day after over 230 Indians were brought back from Iran to New Delhi and quarantined at the Indian Army Wellness Centre in Jaisalmer, the third batch to be evacuated from that country.

"Fourth batch of 53 Indians - 52 students and a teacher - has arrived from Tehran and Shiraz, Iran. With this, a total of 389 Indians have returned to India from Iran. Thank the efforts of the team @India_in_Iran and Iranian authorities," Jaishankar tweeted.

The Indians came in a Mahan Air flight that landed at the Delhi airport at around 3 am, officials said, adding that they were later taken to Jaisalmer in an Air India flight for being quarantined.

The first batch of 58 Indian pilgrims were brought back from Iran last Tuesday and the second group of 44 Indian pilgrim arrived from there on Friday.

Iran is one of the worst-affected countries by the coronavirus outbreak and the government has been working to bring back Indians stranded there. Over 700 people have died from the disease in Iran and nearly 14,000 cases have been detected.

Jaishankar had told Rajya Sabha last week that the government was focusing on evacuating Indians stranded in Iran and Italy as these countries are facing an "extreme situation".

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