Narendra Modi is a challenger for Congress, we can't ignore him: Chidambaram

November 10, 2013

ChidambaramPanaji, Nov 10: Union finance minister P Chidambaram on Sunday acknowledged that the Congress party considers BJP's prime ministerial candidate Narendra Modi as a "challenger."

"As a political party, we acknowledge that he (Modi) is a challenger. We cannot ignore him. He is a candidate fielded by the principal opposition party. We have to take note of him," he said during an interaction at 'ThinkFest' event currently on in Goa.

The minister, however, said that as an individual he is concerned about his (Modi's) ideology, philosophy and the kind of language he has been using in public rallies.

"So far he (Modi) is extremely opaque. So far he has not spoken on any of the major issues. He has just made election promises," Chidambaram said.

He said the rank and file of Congress party feel that Rahul Gandhi should be leader of the party and leader of government, if it is voted to power in the forthcoming general polls.

"Rank and file seems to think that if party is voted to power, Rahul Gandhi should be the leader of the party and leader of the government," he stated.

"As far as my personal opinion is concerned, I feel that the time has come to hand over the torch to the younger generation," Chidambaram stressed.

"There are enough young men and women in the country who can take part in the government and provide good governance," he said.

The minister noted that Rahul Gandhi has been addressing various public rallies. "But if I was advising him (Rahul), I would have advised him to spell out his views on various major issues (in the rallies)," he said.

When questioned why Congress leaders including Prime Minister Manmohan Singh have not been commenting on major issues, the finance minister said, "PM does address audience and addresses press conferences, although it is not as much as I expect him to do."

"You can agree or disagree with what he speaks but certainly he speaks," Chidambaram said.

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News Network
January 18,2020

Kanpur, Jan 18: Kanpur has witnessed an Unnao-like incident as the out on bail accused in rape case attack the family members of the victim. The mother of the victim, who later died in the hospital, was brutally attacked by the accused. The accused reportedly attacked the victim's mother and her aunt on January 8.

The actual rape case goes back to 2018 when a group of men abducted a minor girl from her own society. The accused had reportedly raped her and also beaten up her mother.

A video of mother being beaten up reportedly went viral soon after.

The mother of the victim had reportedly filed a complaint against one of the accused for abducting and molesting her daughter two years ago at a tannery falling under jurisdiction of Chakeri police station. The main accused along with five others was booked under section 354 of the IPC (sexual assault of children) and sent to jail. Around two weeks ago, the accused got bail and on January 9 they attacked the deceased and her sister.

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News Network
June 5,2020

New Delhi, Jun 5: India registered its highest spike in COVID-19 cases with 9,851 more cases and 273 deaths reported in the last 24 hours. The total number of cases in India reached 2,26,770 including 1,10,960 active cases, said the Union Ministry of Health and Family Welfare.

The Ministry informed that 1,09,462 persons have been cured/discharged/migrated while 6,348 people have succumbed to the disease so far.

Maharashtra has so far reported 77,793 cases, more than any other state in the country, while the total number of active cases in the state stands at 41,402.

In Tamil Nadu, 27,256 cases have been detected so far while Delhi has reported 25,004 coronavirus cases.

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News Network
March 23,2020

Bengaluru, Mar 23: Indian stocks plunged over 9% on Monday, as the rapidly spreading coronavirus pandemic sent major states including the country's capital into a lockdown amid increasing fears that outbreak could bring world economies to a grinding halt.

The NSE Nifty 50 index slipped 9.17% to 7,937.75 by 0408 GMT, while the S&P BSE Sensex was 9.42% lower at 27,093.24.

Over the weekend in India, the virus drove several companies to shut operations and the government sent states into lockdowns, bringing normal life to a grinding halt.

"Panic has gone up domestically because of the lockdown situation," said Vinod Nair, head of research at Geojit Financial Services.

"There is fear that the situation will not be brought under control soon."

The rupee hit a fresh record low of 76.05 against the dollar, as a flight into cash and worries about tightening liquidity boosted demand for the world's reserve currency.

Meanwhile, global markets crumbled, with MSCI's broadest index of Asia-Pacific shares outside Japan sliding nearly 4% as the global death toll climbed to over 14,000, further battering economic activity, and raising fears of a global recession.

After market hours on Friday, the Securities and Exchange Board of India halved position limits for certain stock futures, restricted short-selling of index derivatives and raised margin rates for some shares to curb "abnormally high" volatility amid the pandemic.

In domestic trading, the Nifty PSU Bank Index plunged 8%, while the Nifty bank index crashed nearly 10%.

The Nifty Auto Index slid 9% after several carmakers over the weekend suspended production due to the virus.

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