UP opposition parties learn lessons from Karnataka

Agencies
May 20, 2018

The outcome of Karnataka assembly polls has underlined the need for the opposition parties in Uttar Pradesh to prevent a split in the anti-BJP vote in the 2019 Lok Sabha polls, party leaders said.

Opposition parties like the Samajwadi Party, the Bahujan Samaj Party and the Congress argue that it was a division in the anti-BJP vote that allowed the saffron party to emerge as the single largest party in Karnataka.

"There is a strong need to chalk out a strategy to ensure that the anti-BJP votes do not get divided to give it (BJP) any advantage in the coming elections," SP spokesman Rajendra Chaudhary told PTI here.

Elections now have to be fought strategically, he said.

That success can be achieved through unity has been proved very well in Gorakhpur and Phoolpur, where the SP wrested the seats from the ruling Bharatiya Janata Party with the help of the BSP, Chaudhary said.

Airing similar views, Congress spokesman Dwijendra Tripathi said going by the Karnataka results, it has become all the more important to go to the polls unitedly to not only win elections but also to save the constitutional bodies.

"What is most important today is to keep the BJP out of power and save the Constitution," Tripathi said.

While reacting to the Karnataka results, BSP president Mayawati said the Congress should not repeat the mistake it committed while campaigning in Muslim-dominated areas, terming the Janata Dal (Secular) as the 'B-team' of the BJP.

This, she suggested, had helped the BJP win those seats."It is my suggestion to the Congress not to use such language in the future which could help the BJP and the RSS in future elections," Mayawati had said.

Rashtriya Lok Dal spokesman Anil Dubey said his party was always of the opinion that all like-minded non-BJP parties should come on one platform to stop the BJP.

"The lesson to learn from the Karnataka election is that only a collective opposition can check the BJP and the past record proves this point," Ramesh Dixit, political analyst and former head of the political science department at Lucknow University, said.

In the context of the coming Lok Sabha elections, he suggested it was for the Congress – with its pan-India reach and the ambition to form government in Delhi – to reach out to the smaller parties with a strong base in different parts of the country.

The Congress has to learn from the BJP how it entered into an alliance with the Suheldev Bharatiya Samaj Party and the Apna Dal for the UP assembly polls despite its government being comfortably placed at the Centre, Dixit said.

Leaders who urge opposition unity draw attention to the past two elections in UP where the BJP won convincing victories even though the collective vote share of the non-BJP parties was bigger.

In the last assembly polls in Uttar Pradesh in 2017, the saffron party posted a landslide victory bagging 325 of the 403 seats, with a vote share of 41.35 percent.

In comparison, the SP which was reduced to 54 seats from 224 in the previous assembly election got 28.07 percent of the vote. The BSP came down to 19 seats from 80, getting 22.23 percent votes.

In the 2014 Lok Sabha election, BJP won 71 out of 80 seats with its alliance partner the Apna Dal getting two more, beating the opposition parties hands down.

The BJP got 42.63 per cent votes and the Apna Dal 1.01 percent.

In comparison, the SP won a mere five seats with 22.35 percent votes in 2014. The BSP polled 19.77 percent votes but drew a blank. The Congress got two seats with a 7.53 percent vote share.

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Agencies
March 8,2020

Mumbai, Mar 8: A day after the Enforcement Directorate registered a money laundering case against Yes Bank founder Rana Kapoor and raided his premises, he was taken to the agency's office in Mumbai on Saturday for further questioning.

Kapoor, who was grilled by central agency's officials on Friday night at his Samudra Mahal residence in Mumbai, was shifted to the ED office in the metropolis around 12.30 pm.

ED officials said Kapoor was questioned throughout the night, with some rest time.

A senior ED official connected with the probe told IANS: "Kapoor will be questioned about Yes Bank loans to Dewan Housing Finance Limited (DHFL)."

The official said that during searches a lot of incriminating documents were found and the agency wanted to grill him on his links with DHFL promoters and other companies.

Kapoor's alleged role in the disbursal of loan to a corporate entity and kickbacks reportedly received in his wife's bank account are also under probe.

The ED had filed the money laundering case against Kapoor and raided his residence, apart from issuing a look-out circular so that he does not flee the country.

The ED registered a money laundering case against Kapoor as a continuation of its probe against the DHFL wherein it was allegedly found that Rs 12,500 crore was diverted to 80 shell companies using one lakh fake borrowers. The transactions with these shell companies date back to 2015.

An ED official in New Delhi told IANS that the DHFL probe revealed that funds diverted by the DHFL originated from Yes Bank.

He said that the searches at Kapoor's residence on Friday night were meant to find out any irregularity in grant of loans to the DHFL by the Yes Bank.

The ED has accused Kapil and Dheeraj Wadhawan of DHFL of purchasing shares in five firms -- Faith Realtors, Marvel Township, Abe Realty, Poseidon Realty, and Random Realtors -- after which they were amalgamated with Sunblink.

The outstanding loans of these five firms, totalling around Rs 2,186 crore till July 2019, were allegedly appropriated onto the books of Sunblink to cover up the diversion of loans acquired from DHFL.

The ED's action comes after the RBI superseded Yes Bank Board for 30 days and appointed an administrator, putting a cap of Rs 50,000 on withdrawals by account holders for a month.

The RBI said that the bank's board was superseded "owing to serious deterioration in the financial position of the bank".

Former SBI CFO Prashant Kumar was appointed as administrator of Yes Bank, which has over 1,000 branches and 1,800-plus ATMs across the country.

On Thursday, Union Finance Minister Nirmala Sitharaman said that the bank was on watch since 2017 and developments relating to it were monitored on a day-to-day basis.

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News Network
March 4,2020

Mar 4: Twenty-one Italian tourists and three Indian tour operators have been sent to an ITBP quarantine facility in Delhi on Tuesday for suspected coronavirus exposure, official sources said.

Health Ministry sources said these foreigners, 13 women and eight men, were in the same group of which an Italian and his wife have tested positive in Rajasthan capital Jaipur.

“His (Italian in Jaipur) condition is stable,” a source said.

Three Indians, who were accompanying this Italian group as tour operators, have also been sent to the ITBP facility in Chhawla area of south-west Delhi, they said.

All these people, staying at a five-star hotel in south Delhi, have been put in “preventive isolation” at the ITBP camp and their samples will be taken on Wednesday, sources said.

The centre already has 112 people, 76 Indians and 36 foreigners, since February 27 after they were evacuated by an IAF plane from Wuhan in China, the epicentre of the coronavirus.

The first samples of these 112 people had tested negative when reports came in last week.

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News Network
February 21,2020

Washington, Feb 21: Days ahead of his India visit, US President Donald Trump on Thursday said the two countries could make a "tremendous" trade deal.

"We're going to India, and we may make a tremendous deal there," Trump said in his commencement address at the Hope for Prisoners Graduation Ceremony in Las Vegas.

Trump, accompanied by First Lady Melania Trump, is scheduled to travel to Ahmedabad, Agra and New Delhi on February 24 and 25.

Ahead of the visit, there have been talks about India and the United States agreeing on a trade package as a precursor to a major trade deal.

During his commencement address, Trump indicated that the talks on this might slowdown if he did not get a good deal.

"Maybe we'll slow down. We'll do it after the election. I think that could happen too. So, we'll see what happens," he said.

"But we're only making deals if they're good deals because we're putting America first. Whether people like it or not, we're putting America first," Trump said.

Bilateral India-US trade in goods and services is about three per cent of the US' world trade.

In a recent report, the Congressional Research Service (CRS) said the trading relationship is more consequential for India -- in 2018 the United States was its second largest goods export market (16.0 per cent share) after the European Union (EU, 17.8 per cent), and third largest goods import supplier (6.3 per cent) after China (14.6 per cent) and the EU 28 (10.2 per cent).

"The Trump Administration takes issue with the US trade deficit with India, and has criticised India for a range of 'unfair' trading practices," the CRS said.

"Indian Prime Minister Modi's first term fell short of many observers' expectations, as India did not move forward with anticipated market opening reforms, and instead increased tariffs and trade restrictions," it said.

"Modi's strong electoral mandate may embolden the Indian government to press ahead with its reform agenda with greater vigour. Slowing economic growth in India raises concerns about its business environment," CRS said.

As per a fact sheet issued by the Council on Foreign Relations (CFR), trade in goods and services between the two countries from 1999 to 2018 surged from $16 billion to $142 billion.

India is now the United States' eighth-largest trading partner in goods and services and is among the world's largest economies.

India's trade with the United States now resembles, in terms of volume, the US' trade with South Korea ($167 billion in 2018) or France ($129 billion), said Alyssa Ayres from CFR.

"The United States for two years now has set out in stone pretty clearly the things that they wanted to see to try to get an agreement, and it's basically then on India's doorstep on whether they want to take those steps," Rick Rossow, Wadhwani Chair in US-India Policy Studies at the Center for Strategic and International Studies think-tank told reporters during a conference call.

"The list of US asks has been pretty static all throughout. Not to say that any of these things are easy for India to do, but the United States to my knowledge didn't change the goalposts just because we now consider India to be a middle-income country. The things that we wanted to see happen to get this trade agreement have been pretty static all throughout, no matter how difficult they are," he said in response to a question.

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