Nitish Kumar's JD(U) removes Sharad Yadav as party leader in Rajya Sabha

Agencies
August 12, 2017

Patna, Aug 12: Nitish Kumar-led Janata Dal (United) has replaced Sharad Yadav as party leader in the Rajya Sabha with Ram Chandra Prasad Singh.

Confirming the big political development, Bihar JD(U) president Vashishtha Narayan on Saturday said that the JD(U) leaders met Vice President of India Venkaiah Naidu and gave him in writing that Singh will represent the party in the Upper House.

Justifying party's decision, Singh said, the step was necessary because if a person like Sharad Yadav indulges in anti-party activities it has to be condemned unanimously.

Singh is a trusted lieutenant of Bihar Chief Minister Nitish Kumar.

The JD(U) on Friday suspended its rebel MP Ali Anwar Ansari for taking part in a meeting of opposition parties convened by Congress president Sonia Gandhi.

The Janata Dal-United president Nitish Kumar on July 26 snapped ties with the Grand Alliance of Rashtriya Janata Dal (RJD) and the Congress.

Since then, Yadav has been criticising Chief Minister Nitish Kumar for breaking the Grand Alliance in Bihar and going with the BJP.

Yadav, a former JD(U) president, has made it clear that there is virtually no scope for a compromise between him and Kumar, whose move to form a coalition government with the BJP he had earlier described as a "betrayal of the people's faith".

Meanwhile, Bharatiya Janata Party (BJP) president Amit Shah has formally invited Nitish Kumar headed Janata Dal (United) to join the National Democratic Alliance (NDA).

The development comes a day after the Bihar Chief Minister had a meeting with Prime Minister Narendra Modi and Shah in the national capital on Friday.

Confirming about the formal invite, Shah on Saturday tweeted, "I met JD(U) president Nitish Kumar at my residence yesterday. I invited JD(U) to join the NDA."

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News Network
June 1,2020

New Delhi, Jun 1: The Directorate General of Civil Aviation (DGCA) on Monday asked airlines to allot seats in flights in such a manner that middle seats are kept vacant to the extent possible.

However, if a flyer has been allotted the middle seat due to a high passenger load "then additional protective equipment like the wrap-around gown of the Ministry of Textile approved standards" must be provided to that passenger in addition to three-layered face mask and face shield, said the DGCA order, which has been accessed by news agency.

India resumed its domestic passenger flights from May 25 after a gap of two months due to the coronavirus-triggered lockdown. International commercial passenger flights continue to remain suspended in the country.

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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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News Network
May 28,2020

May 28: Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry, and more cuts are coming.

One of the nation's biggest manufacturers will lay off 6,770 U.S. employees this week, and another 5,520 workers are taking buyout offers to leave voluntarily in the coming wee

Air travel within the U.S. tumbled 96% by mid-April, to fewer than 100,000 people on some days. It has recovered slightly. The Transportation Security Administration said it screened 264,843 people at airports on Tuesday, a drop of 89% compared with the same Tuesday a year ago.

Boeing had said it would cut 10% of a work force that numbered about 160,000. A Boeing spokesperson said Wednesday's actions represent the largest number of job cuts, but several thousand additional jobs will be eliminated in the next few months.

The layoffs are expected to be concentrated in the Seattle area, home to Boeing's commercial-airplanes business. The defense and space division is stable and will help blunt the impact of the decline in air travel and demand for passenger jets, the company said.

Boeing said additional job cuts will be made in international locations, but it did not specify numbers.

"The COVID-19 pandemic's devastating impact on the airline industry means a deep cut in the number of commercial jets and services our customers will need over the next few years, which in turn means fewer jobs on our lines and in our offices," CEO David Calhoun said Wednesday in a memo to employees.

Calhoun said the company faces the challenges of keeping employees safe and working with suppliers and airlines "to assure the traveling public that it can fly safe from infection."

Calhoun warned that Boeing will have to adjust business plans constantly because the pandemic makes it hard to predict the impact on the company's business.

Boeing's crisis began with two crashes of its 737 Max, which led regulators around the world to ground the jetliner last year. The company's problems have deepened with the coronavirus, which has cut global air traffic by up to 90% and caused airlines to postpone or cancel orders and deliveries for new planes.

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