Omar hints at possibility of NC backing PDP

December 23, 2014

Srinagar, Dec 23: The outgoing Jammu and Kashmir Chief Minister Omar Abdullah today hinted at an intriguing possibility of supporting his party National Conference's (NC) bitter political rival PDP in forming a government in the state after the hung verdict in the Assembly polls.omar abdulla

Mufti Mohammed Sayeed's PDP has emerged as the single largest party with 28 seats, 16 short of a majority in the 87-member legislature. BJP got 25 seats and NC 17, including two Independents supported by it, followed by the Congress with 12 seats.

PDP's options are either to align with BJP or cobble together a government with the support of Congress and some independents. Support from NC has never been considered as an option by political observers.

Introducing a new element in the scenario, Omar told PTI that it was for PDP to approach him. "I don't rule out or rule in anything thereafter," he said.

Reminded that NC's support to PDP has never been envisaged, Omar said, "was Mr Nitish Kumar's coming together with Mr Lalu Prasad Yadav in Bihar ever thought of?"

He virtually ruled out any support to the BJP, saying that there was only one per cent likelihood of that. "I am leaving one per cent crack open."

Omar, however, maintained that he would not be approaching anyone. "But that does not stop anyone from approaching me," he said.

Putting the onus on PDP, BJP and Congress to cobble up a government, Omar said it was not for him to unilaterally extend support to any formation.

Asked about BJP Chief Amit Shah's remarks at a press conference that he was keeping all options open on government formation, Omar said he had not got any call from Shah.

Acknowledging that he was earlier today not sure of returning as an MLA, he said now he was going to sit back and leave it to other parties to form the new government.

There is only one road for the NC and that is upwards and "we have an important role to play in coming days."

Omar, however, said that he had expected the PDP to do much better.

The Chief Minister said the BJP had done well but had become victim of its own propaganda. "If before elections they had projected themselves to do better than the past, they would have been a relaxed lot today.

"However, their slogans like Mission 44 and Mission 52 only punctured their happiness," he said.

Earlier during his victory run at Beerwah, Omar said NC would play the role of a good and constructive opposition.

"NC is satisfied with its own performance. We went further than what people expected from us. Opinion polls were not giving us so many seats. And I feel that given the situation, if we get 17 seats, no one in the NC should feel bad.

"We are ready to play the role of a good and constructive opposition. And we will see later as to what will happen," Omar told reporters here.

Asked about Congress general secretary and Leader of Opposition in Rajya Sabha, Ghulam Nabi Azad’s reported offer of support to the PDP, Omar said the national party had time and again proved that there were no permanent friends or foes in politics.

"Congress has this quality that they time and again prove that in politics there can be no permanent friends or foes. Azad, perhaps would be ready to do everything to go to Rajya Sabha again and for that even if he has to fall at Mufti’s feet, he will," he said.

Commenting on the possibility of PDP allying with the BJP, Omar said, "I cannot say anything on that. It is for the PDP and the BJP to see".

The NC leader, who lost from Sonawar seat, said he had known that retaining all the eight seats in Srinagar would be difficult.

"I had known that Srinagar district would be difficult for us this time. We had all the eight seats and Sonawar was a constituency which we had won three times out of the last four and there was anti-incumbency against NC. And we had to bear the brunt of the destruction caused by the floods there."

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News Network
January 6,2020

Dehradun, Jan 6: Universities are centres of learning and will not be allowed to become "addas" of politics, HRD Minister Ramesh Pokhriyal 'Nishank' has said.

The minister was replying to questions from reporters in Haldwani on Sunday about protests against the amended Citizenship Act across university campuses.

"Universities are centres of learning where the country's future is in the making. We cannot let them become addas of politics," Nishank said.

He accused the opposition parties of trying to turn the universities into hotbeds of politics.

The new legislation passed by Parliament aims to grant citizenship to persecuted religious minorities from Pakistan, Bangladesh and Afghanistan who had taken refuge in India and there is nothing wrong in it, the Union Minister said

"When Pakistan was created, the population of religious minorities there stood at 22 per cent. Today it is a minuscule 3.7 per cent. Persecuted on the basis of their religion, they sought sanctuary in India. The CAA is meant only to grant them citizenship," he said.

Terming the law humanitarian, the minister said it was going to make no difference to the status of Muslims in India and wondered why the Congress was making such a hue and cry about it.

Nishank's press conference in Haldwani was part of the BJP's campaign to create awareness in favour of the amended Citizenship Act.

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Agencies
May 27,2020

New Delhi, May 27: The government has further extended the deadline for bidding to buy its entire 52.98 per cent stake in the country's second-biggest oil refiner, Bharat Petroleum Corp Ltd (BPCL), by over one-and-a-half months to July 31.

This is the second extension for submission of expression of interest (EoI) for BPCL stake by interested bidders. The government had first invited bids showing interest in buying its stake, by May 2. It was then extended till June 13.

This has now been extended to 5 p.m. on July 31 in "view of further requests received from the interested bidders and the prevailing situation arising out of COVID-19", an official notice put up by disinvestment department DIPAM late on Tuesday said.

Accordingly, the last date for submission of written queries or preliminary information memorandum has been pushed back to June 23 from the earlier deadline of May 16.

The disinvestment in BPCL involves the government selling its entire 52.98 per cent stake in the company to a strategic investor with transfer of management control. The government has barred PSUs from bidding for BPCL and expects private sector Indian players and global MNCs to bid for its stake. The government's stake in BPCL is worth around Rs 50,000 crore.

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News Network
June 23,2020

New Delhi, Jun 23: In an unexpected development, the pump price of diesel is all set to surpass the petrol price in the capital, making it the most expensive transport fuel for the first time in a long time.

Globally, diesel is priced slightly above petrol prices due to the very nature of the product that has a higher cost of production. But in India, due to the lopsided taxation structure, diesel attracts lesser of the tax between the two auto fuels keeping its prices lower than petrol for last several years.

Diesel is currently priced at Rs 79.40 a litre in the Capital, just 36 paise short of petrol price that is being retailed at Rs 79.76 a litre. Going by the trend of price movement in the two products for the last few days where diesel prices have consistently increased by 50-60 paise per litre while the daily increase in petrol prices have fallen to just 20 paise on Tuesday, it is set to surpass petrol prices in next few days.

"Diesel price movement is sharper in international market and if oil companies follow the global price trend, diesel prices will surpass that of petrol later this week. It will be after many years that this would happen and is expected to sustain for some time unless government changes the tax structure of the petroleum products again," said an oil sector expert from one of the big four audit and advisory firms asking not to be named.

Interestingly, even in India the base price of diesel is expensive than petrol. According to the Indian Oil Corporation (IOC), while the base price of petrol in Delhi currently comes to Rs 22.11 per litre, the same for diesel is higher at Rs 22.93 per litre (effective from June 16, 2020). This has been the case for a long time, but retail price of petrol can be higher than diesel due to central and state taxes.

What has now brought diesel prices to a whisker of petrol prices in the capital is the Delhi government's decision early May to increase the Value Added Tax on diesel from 16.75 per cent to 30 per cent and on petrol from 27 per cent to 30 per cent. This increased the retail price of diesel and petrol in Delhi by Rs 7.10 and Rs 1.67 a litre respectively. With Central taxes on the two products already reaching identical levels, the Delhi governments move hastened price parity between petrol and diesel.

Currently, the Central excise on petrol is Rs 32.98 a litre while that on diesel it is Rs 31.83 a litre. The VAT on petrol in Delhi is Rs 17.71 a litre and that on diesel is Rs 17.60 a litre.

While the movement of retail pricing is being seen with a sigh of relief by vehicle owners whose cars run on petrol, those buying the relatively expensive diesel cars are now repenting on their decision. The development is also being seen with caution by automobile companies who have spent millions to ramp up their facilities for diesel run vehicles. The expectation is that demand for such cars will now fall, causing more damage to companies where sales are already impacted due to persistent economic slowdown and now the spread of COVID-19 pandemic.

"The pricing development would push automobile companies to strategies being followed by companies in the western markets where diesel run cars are not sold on fuel pricing differential, but on overall make and quality that puts them ahead of petrol run cars," the expert quoted earlier.

Yes, but for commercial vehicle sector the rising price of diesel had not been welcomed. In fact, the commercial transport sector had time an again threatened strike against the move to raise fuel prices.

With petrol and diesel retail prices closing, the case for adultering fuel has also gone down much to the relief of vehicle owners.

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