PM candidate: A quiet alternative emerges within BJP

December 22, 2013
Bhopal: Five months before next general elections are due, there is already an air of victory around Narendra Modi as he strides from one jam-packed rally to the next. And yet, a regional leader from his party - Bharatiya Janata party - is quietly emerging as an alternative to lead the country.

chauhanBJP's candidate for prime minister's post, Modi is being projected as the man to beat the ruling Congress party, stumbles towards a vote that opinion polls show it will lose.

Modi's party is tipped to win the election but it may not get an outright majority, and he may be unacceptable to potential coalition partners.

Ever since a 2002 spasm of Gujarat riots, Modi has been unable to shake off allegations that he carries a deep-seated bias against Muslims, a community that makes up 13% of the population.

Shivraj Singh Chouhan, a softly spoken and unassuming leader of the centre-right BJP, could be a more acceptable figure for would-be coalition allies.

This month, Chouhan notched up a thumping election victory in Madhya Pradesh, a sprawling central state with a population larger than that of France, becoming its chief minister for a third time.

"Shivraj Chouhan is no threat to Modi, he is not a challenger, but his huge victory raises the stakes," said Girija Shankar, a political consultant with close ties to the Madhya Pradesh administration.

"On the scale of electability and performance, the message is - he is not any weaker than Modi."

Congress did something similar after elections 10 years ago - after wresting power from the BJP, its leader Sonia Gandhi declined the prime ministership. By naming unassuming technocrat Manmohan Singh as prime minister, she denied the opposition any chance of using her foreign roots to attack the government.

A farmer-turned-politician, Chouhan is similarly far less divisive than Modi. There are other BJP leaders waiting in the wings for the premiership if minor parties that are expected to hold the key to power after the election insist on a prime minister other than Modi as the price for their support.

Among them are Lal Krishna Advani, a veteran of the party who is still seen as a contender despite his 86 years, as well as former government ministers Sushma Swaraj and Arun Jaitley.

All three are virtually household names across India, and Chouhan - a former parliament backbencher - has a far lower profile.

Earning his spurs

Chouhan has long been an outsider among the political elite of New Delhi. When he was first elected to Parliament in 1991 he didn't have a sweater to ward against the capital's winter chill, recalls a former associate Anurag Pateriya, who picked up a cheap one from a street market before they boarded the train.

Chouhan declined requests to be interviewed for this report. Swimming below the national radar, he has transformed  Madhya Pradesh from a poverty-blighted backwater, unleashing average annual economic growth of 10% over the past five years on the back of an unprecedented agriculture boom.

The explosion in farm output - agricultural growth in the state was 18% last year, the country's highest - has been fed by interest-free loans to farmers, a trebling of irrigation cover and a dramatic improvement in electricity supplies.

Out on a modern four-lane highway from the state capital Bhopal to the commercial city of Indore, the rural prosperity is hard to miss.

Fields upon fields of soybeans, mustard and wheat stretch out, broken only by factories starting to come up on cleared land.

Children in uniforms scurry to school on bicycles provided by the state government, pedalling along new roads that are linked to remote villages. They will all be given a free lunch.

Nearby, expectant and new mothers collect free packets of soya, a mixture of rice and lentils and sweets, a Chouhan initiative to lift the state's infant and maternal mortality rates up to the national average.

As a consequence of our pro-poor policies, we subsidise agriculture," said Manoj Srivastava, principal secretary to Chouhan, pointing out that 80% of the state's population is dependent on farming. "We make no bones about it - WTO or no - we are unabashedly doing it."

Chouhan has also introduced tax-friendly policies to attract industry to his state. Along the state highway, Indian firm Deepak Fastners is building Asia's largest plant to manufacture specialised nuts and bolts for car engines and aircraft. The first phase of the project is expected to cost some $38 million.

A numbers game

Madhya Pradesh may still lag behind "vibrant" Gujarat, the neighbouring state run by Modi and a darling of investors. But unlike his more famous colleague, Chouhan has walked a fine line between a secular image and sticking to the BJP's Hindu nationalist roots.

As assistants scurried about the chief minister's imposing colonial-era bungalow before his inauguration last week, Chouhan told them that a congregation of Islamic scholars was important for everyone, said a top aide, who asked not to be identified.

That inclusive approach has won Chouhan support from a fair sprinkling of Muslims, who have traditionally shunned his party.

For now, Modi is on a roll, tapping into public anger with the Congress Party after years of corruption scandals, stubborn inflation and dwindling economic growth.

But, privately, party leaders concede that the BJP may not be able to form a government with Modi as prime minister if it wins less than 180 of the 543 elected seats in the lower house of Parliament. If it falls short of that number, it might have to ditch him and find another candidate.

To rule, a party needs the support of 272 members. Opinion polls so far have forecast the BJP will win around 160 seats, which means it may need to join hands with a cluster of smaller parties to reach the halfway mark.

The BJP will need support from regional parties in the south and east that may be reluctant to associate themselves with the polarising Modi, fearing a backlash from Muslims in their states. One ally in the heartland state of Bihar cut ties with the BJP this year after Modi was elevated to a national role, and the party has yet to find a substitute.

For the moment, Chouhan's camp is quietly biding its time. "We want to stay below the national radar, we don't have extra-territorial ambitions," said the aide. "But people in the party, those who have tensions with Modi, may try to push him forward."

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Agencies
February 26,2020

New Delhi, Feb 26: With the government pushing for the disinvestment of Air India, industrial conglomerate Adani Group may emerge as one of the bidders for the debt-laden national carrier, sources said.

According to highly placed sources, the Group has held internal rounds of deliberations on whether or not to submit an Expression of Interest (EoI) and the discussions are still in the preliminary stage.

If the company actually submits an EoI, it would be a major move towards further diversification of the company which has business interests across sectors right from edible oil, food to mining and minerals. 

It also entered into airport operations and maintenance business and won bids for privatisation of six airports, Ahmedabad, Lucknow, Jaipur, Guwahati, Thiruvananthapuram and Mangaluru in 2019. 

On being contacted by IANS, the company did not comment on the matter.

Air India is one of the most important divestment proposals for the current fiscal to reach the huge Rs 2.1 lakh crore target.

The government in January restarted the divestment process of the airline and invited bids for selling 100 per cent of its equity in the state-owned airline, including Air India's 100 per cent shareholding in AI Express Ltd. and 50 per cent in Air India SATS Airport Services Private Ltd.

After its unsuccessful bid to sell Air India in 2018, the government this time has decided to offload its entire stake. In 2018, it had offered to sell its 76 per cent stake in the airline.

Of the total debt of Rs 60,074 crore as of March 31, 2019, the buyer would be required to absorb Rs 23,286 crore.

Air India, along with its subsidiary Air India Express, has a total operational fleet of 146 aeroplanes.

Further, the disinvestment department has extended the last date for submission of written queries on the Performance Information Memorandum and Share Purchase Agreement to March 6.

The last date for submission of written queries on PIM and SPA was originally set for February 11, following which the Department of Investment and Public Asset Management (DIPAM) on February 21 issued 20 clarifications on the queries raised and expected.

Any delay in the tentatively rolled out timeline would also delay DIPAM's plan to identify the pre-qualified bidders by March 31 and the financial bids invitation as well. It is expected to take more than two months after the selection of the pre-qualified bidders to complete Air India's sale.

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Agencies
March 10,2020

New Delhi, Mar 10: Crisis-hit Yes Bank on Tuesday said that it has enabled inward IMPS and NEFT services.

The move allows people to send money from other bank accounts to their Yes Bank account through IMPS (Immediate Payment Service) and NEFT (National Electronic Funds Transfer) mode.

In a tweet, the bank also said that Yes Bank customers can pay their credit card dues and loan obligations from other bank accounts.

"Inward IMPS/NEFT services have now been enabled. You can make payments towards YES BANK Credit Card dues and loan obligations from other bank accounts. Thank you for your co-operation. @RBIA @FinMinIndia," said tweet.

Last week Yes Bank was placed under moratorium and a withdrawal cap of Rs 50,000 was imposed till April 3.

The administrator of Yes Bank, Prashant Kumar and Rajnish Kumar, the Chairman of the State Bank of India are hopeful that moratorium would be lifted within a week.

As per the Reserve Bank of India (RBI) draft reconstruction scheme for the crisis-hit private lender, the SBI will take up 49 per cent in the bank by investing Rs 2,450 crore.

The new board of directors will stand constituted from the appointed date. It will comprise a CEO and MD, non-executive chairman and non-executive directors. The SBI will have nominee directors appointed on the board of the reconstructed bank.

The RBI may appoint additional directors to the board, who shall continue in office for one year, or until an alternate board is constituted by Yes Bank.

The SBI will not reduce its holding below 26 per cent before completion of three years from the date of infusion of the capital.

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News Network
January 17,2020

New Delhi, Jan 17: E-commerce major Amazon on Friday said it plans to create one million new jobs in India over the next five years through investments in technology, infrastructure and its logistics network.

These jobs are in addition to the seven lakh jobs Amazon's investments have enabled over the last six years in the country.

"Amazon plans to create one million new jobs in India by 2025," the company said in a statement, adding that the jobs - created both directly and indirectly - will be across industries, including information technology, skill development, content creation, retail, logistics, and manufacturing.

Amazon.com Inc chief Jeff Bezos had on Wednesday announced USD 1 billion (over Rs 7,000 crore) investment in India to help bring small and medium businesses online and committed to exporting USD 10 billion worth of India-made goods by 2025.

"We are investing to create a million new jobs here in India over the next five years," Bezos said.

"We’ve seen huge contributions from our employees, extraordinary creativity from the small businesses we've partnered with, and great enthusiasm from the customers who shop with us—and we’re excited about what lies ahead," Bezos added.

India has prioritised job creation and skilling initiatives – including the training of more than 400 million people by 2022 – in rural and urban areas.

"Amazon’s job creation commitment and investment in traders and micro, small and medium enterprises (MSMEs) complement this social inclusion and social mobility efforts by creating more opportunities for people in India to find employment, build skills, and expand entrepreneurship opportunities," the statement said.

The new investments will help to hire talent to fill roles across Amazon in India, including software development engineering, cloud computing, content creation, and customer support.

Since 2014, Amazon has grown its employee base more than four times, and last year inaugurated its new campus building in Hyderabad – Amazon’s first fully-owned campus outside the United States and the largest building globally in terms of employees (15,000) and space (9.5 acres).

The investments will also help in expanding growth opportunities for the more than 5,50,000 traders and micro, small, and medium-sized businesses – including local shops – through programs like Saheli, Karigar, and “I Have Space”.

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