Nitish says, Nobody can beat Modi in 2019; slams Congress

Agencies
August 1, 2017

Patna, Aug 1: Bihar chief minister Nitish Kumar on Monday tore into Rashtriya Janata Dal chief Lalu Prasad, insisting continuing in the Grand Alliance would have amounted to "compromising with corruption".

Having embraced the BJP after a four-year hiatus, Nitish claimed there would be "no challenge" to Prime Minister Narendra Modi in the 2019 general elections.

He also said the proposal for a reunion had come from the "highest level" in the BJP which he accepted as "going got impossible" in the Grand Alliance due to accusations of corruption against his then deputy Tejashwi Yadav.

"There were corruption charges and cases were filed by the CBI (against Lalu Prasad and family). I had only told them to come out with proper answers. Instead, they made fun of me saying whether I was a CBI official or the police," he told a press conference.

"Laluji did not give any clarification on corruption charges. How could I remain silent after having talked about zero tolerance to corruption? Now I have a feeling that they did not have a proper answer," Nitish said. Nitish, till recently seen as a potential challenger to Modi, said, "Nobody else (other than Modi) can occupy the PM's post. Now nobody has the strength to beat rpt beat Modi."

Asked about his future role in national politics, Nitish, also the JD(U) chief, said, "Ours is a small party which does not harbour big national aspirations." When asked about the possibility of JD(U) becoming part of NDA at the national level with ministers in the Modi government, Kumar said the JD(U) national executive will meet in Patna on August 19 and all such issues will be decided there.

He also hit back at RJD supremo Lalu Prasad and Congress vice president Rahul Gandhi for criticising him for forging an alliance with "communal" BJP.

"Making huge money hiding behind the shield of secularism ...is this secularism? ... I need no certificate of secularism from anybody," he said, questioning Lalu's secularist credentials.

Highlighting his own commitment to secularism, he said his government had given compensation to the victims of the Bhagalpur communal riots on par with those of the 1984 anti-Sikh riots.

On reports that senior JD(U) leader Sharad Yadav was upset over the party joining hands with BJP, he said, "It is not necessary that everybody always agrees on everything. One can have divergent views. The decision to break the Grand Alliance was taken by Bihar JD(U) at its executive meeting which I had to abide by." "JD(U) is registered with the Election Commission as a

regional party in Bihar and hence going against the decision of the state party was not possible for me," he said. Nitish mocked at Rahul Gandhi for claiming that he had an inkling that Kumar would walk out of the coalition for the last three to four months. "Then why did he (Gandhi) meet me when I had gone to Delhi and sought his intervention...to ask RJD to come clean on the accusations.

"Congress did not act on time in Assam also when AGP had come on board. It cost us the Assam polls," he said, adding "we can be a partner but not a camp follower." Even as Nitish defended his decision of aligning with the BJP, JD(U) veteran Sharad Yadav had earlier in the day voiced his disapproval, saying the mandate in the 2015 Assembly polls

was for the grand alliance. He termed the development "unpleasant" and "unfortunate".

"The situation is very unpleasant to us... It is unfortunate that the coalition has been broken. People's mandate was not for it. Bihar's 11 crore people had endorsed our alliance," Yadav told reporters outside Parliament.

The Rajya Sabha member has met a number of opposition leaders since Nitish walked out of the 3-party Grand Alliance, which also included the Congress, and joined the NDA camp.

In Lucknow, BJP chief Amit Shah dismissed allegations of his party engineering splits and defections in rival political organisations.

"In Bihar, we did not break any party. Nitish had tendered his resignation as he had decided that he will not put up with corruption. Should we have told him with a gun to his temple that stay in that alliance?," Shah told a press conference.

Nitish also slammed Lalu over his claim that he made him the chief minister despite RJD having more MLAs. "He (Lalu) arrogantly says that he made me the CM ... The people of Bihar showed him his worth in 2010 (when RJD's strength was reduced to 22)," he said. Meanwhile, in a boost to the fledgling JD(U)-NDA alliance dispensation in Bihar, the Patna High Court today dismissed two PILs challenging the formation of a new government by Nitish Kumar, saying the court's intervention was no longer required after the floor test in the state Assembly. While one public interest litigation was filed by RJD MLAs Saroj Yadav and Chandan Verma, the other was by Jitendra Kumar, a Samajwadi Party member.

Nitish had comfortably won the confidence vote 131-108 on Friday.

 

Comments

hotman
 - 
Tuesday, 1 Aug 2017

If Lalu's son has any complaint on corruption, then drop him and warn his father about the issue.

Why did resign and joined BJP which you have already divorced/left them from the earlier union.

 

Bihar people have not voted you to join BJP, you have cheated them.

Your commitment was with Lalu, you should have continued.

 

Biharis will not forget you.

 

AK
 - 
Tuesday, 1 Aug 2017

Cheaters alwz like the LIARS and the DECIEVERS...

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Agencies
June 18,2020

New Delhi, Jun 18: Reliance Industries Ltd on Thursday said it has sold a 2.32 per cent stake in its digital unit to Saudi Arabia's Public Investment Fund (PIF) for Rs 11,367 crore, taking the cumulative fund raising to about Rs 1.16 lakh crore in two months.

Starting with Facebook Inc on April 22, Reliance has sold almost 25 per cent of equity in Jio Platforms - the maximum reports suggest the company intends to dilute to financial investors.

The investment by Saudi sovereign wealth fund is "at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore", the company said in a statement.

With this investment, Jio Platforms has raised Rs 115,693.95 crore from some of the leading global investment powerhouses at a time when the world is deeply impacted by the coronavirus pandemic, resulting in a recession kind of environment for the global economy.

"With the addition of PIF's investment, Jio Platforms has established partnerships with a marquee set of global financial investors, who will contribute to establishing the Digital Society vision for India," the statement said.

Jio Platforms houses India's biggest telecom firm by subscribers, Reliance Jio. With more than 388 million users, Jio has forced out several rivals and driven consolidation in the sector since entering the market in 2016 with free voice services and cut-price data.

Over the past two months, billionaire Mukesh Ambani's oil-to-telecom conglomerate has announced the sale of about $14 billion of assets, completed a Rs 53,124 crore rights issue and slowed the run rate of new investment by a quarter.

These will help Reliance meet its target of paying off Rs 1.61 lakh crore of net debt by the end of the year.
This is PIF's largest investment into the Indian economy to date.

Ambani, chairman and managing director of Reliance Industries, said, "We at Reliance have enjoyed a long and fruitful relationship with the Kingdom of Saudi Arabia for many decades. From oil economy, this relationship is now moving to strengthen India's New oil (data-driven) economy, as is evident from PIF's investment into Jio Platforms."

Yasir Al-Rumayyan, governor of PIF, commented: "We are delighted to be investing in an innovative business which is at the forefront of the transformation of the technology sector in India. We believe that the potential of the Indian digital economy is very exciting and that Jio Platforms provides us with an excellent opportunity to gain access to that growth."

"This investment will also enable us to generate significant long-term commercial returns for the benefit of Saudi Arabia's economy and our country's citizens, in line with our mandate to safeguard and grow the national wealth of the Kingdom," he said.

The transaction is subject to Indian regulatory and other customary approvals.

Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell acted as legal counsels.

Prior to this deal, Reliance had sold 22.38 per cent of Jio Platforms to investors including Facebook Inc, securing Rs 104,326.95 crore in eight weeks.

Facebook kicked off the party, investing Rs 43,573.62 crore for a 9.99 per cent stake on April 22. This was closely followed by a further Rs 60,753.33 crore in investment.

Silver Lake - the world's largest tech investor - bought a 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore on May 4. It invested another Rs 4,546.80 crore for additional 0.93 per cent stake on June 5, taking its total holding to 2.08 per cent
Private equity KKR and Vista Equity Partners have taken 2.32 per cent stake each for Rs 11,367 crore apiece. KKR invested in Jio Platforms on May 22 while Vista invested on May 8.

Abu Dhabi sovereign wealth fund Mubadala Investment Co picked up 1.85 per cent in Jio Platforms for Rs 9,093.60 crore on June 5. Abu Dhabi Investment Authority on June 7 invested Rs 5,683.50 crore for a 1.16 per cent stake in Jio Platforms.

On May 17, global equity firm General Atlantic picked up 1.34 per cent stake in Jio Platforms for Rs 6,598.38 crore.

Global investment firm TPG on June 13 picked up 0.93 per cent for Rs 4,546.80 crore while L Catterton bought 0.39 per cent for Rs 1,894.50 crore.

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News Network
May 7,2020

May 7: Accusing the BJP government in Karnataka of "medieval barbarism" and treating migrants as worse than "bonded labourers", CPI(M) general secretary Sitaram Yechury on Wednesday hit out at the state's decision to stop workers from returning to their homes in different parts of the country citing requirements of the construction sector.

The Karnataka government has withdrawn its request to the railways to run special trains to ferry migrant labourers to their home states, hours after builders met Chief Minister B S Yediyurappa to apprise him of the problems the construction sector will face in case they left.

"This is worse than treating them as bonded labour. Does the Indian constitution exist? Are there any laws in the country? This BJP state government is throwing us back to medieval barbarism. This will be stoutly resisted,” Yechury said in a tweet.

The railways is running Shramik Special trains to ferry to their home towns migrants who were stranded at their places of work during the lockdown.

So far, it has run more than 115 such trains.

The Principal Secretary in the Revenue Department N Manjunatha Prasad, who is the nodal officer for migrants, had requested the South Western Railways on Tuesday to run two train services a day for five days except Wednesday, while the state government wanted services thrice a day to Danapur in Bihar. However, later, Prasad wrote another letter within a few hours that the special trains were not required. Several migrants in the city were desperate to return home as they were out of jobs and money.

Yechury also lashed out at the central government over reports that it owed states and industry Rs 3 trillion and accused the centre of shifting the burden of fighting the pandemic to the state governments.

“While shifting the entire burden of fighting the pandemic on to the State governments, Modi government is not even paying their legitimate dues. After November 2019, Centre has not paid the GST compensation dues for the rest of the financial year, i.e., March 2020.

“Modi government has the right to loot while crores of people & States are left with nothing but the right to starve?,” he tweeted.

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News Network
July 17,2020

Thiruvananthapuram, Jul 17: A gunman posted at the United Arab Emirates (UAE) Consulate in Thiruvananthapuram allegedly attempted suicide on Friday, the police said.

"A gunman who was working at the United Arab Emirates (UAE) Consulate in Thiruvananthapuram allegedly attempted to commit suicide today. He is currently admitted to a hospital. 

The police were searching for him after his relatives had filed a missing complaint on Thursday night. A case has been registered and a probe is underway," said Police.

The person is identified as Jayagosh. He is attached to the police Armed Reserve (AR) camp and was reported missing since last night. Later, his relatives had filed a missing complaint with the police.

Jayagosh was later found lying in a pool of blood near his house in Akkulam and was taken to the hospital.

A police investigation is underway and more details are awaited.

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