Prashant Bhushan slams 'one person-centric campaign' by AAP, calls for 'swaraj'

March 2, 2015

New Delhi: March 2: Crisis deepened in AAP with senior leader Prashant Bhushan accusing the party of running a "one person-centric" campaign revolving around Arvind Kejriwal during the Delhi elections contrary to its principles.

Prashant BhushanBhushan said the 'one person-centric' campaign was making the party look like other conventional parties and called for more "swaraj" within the organisation.

"...one person-centric campaign, which was run during Delhi elections, is making our party look more and more like other conventional parties that are also one- person centric. The only difference being that we still claim that we are wedded to the principles of 'swaraj' while they don't.

"Running one person-centric campaign may be effective, but does that justify sacrificing our principles? We will need to make a conscious course correction if we have to get away from a supremo controlled party," Bhushan said in a letter to members of AAP National Executive, which met last Thursday.

Serious differences appeared to have cropped up within AAP, including over Delhi Chief Minister Arvind Kejriwal's role in the party, with internal Lokpal Admiral Ramdas pointing to two camps emerging within top leadership and asking the party to consider 'one-man, one-post' arrangement.

Bhushan also accused Kejriwal of not giving more autonomy to the states to take their decision on contesting elections.

Bhushan and another AAP leader Yogendra Yadav wanted the party to contest the Haryana state elections, but another section led by Kejriwal was against it.

"Swaraj means decentralised decision making. On those principles it is the state unit who have to decide whether we should contest elections in the state. But we are deciding for them and ordering them not to contest elections.

"Even the National Executive had decided when to allow the states and when to contest elections but that decision was frustrated by Kejriwal by not allowing the states to contest elections. We made mockery of the principles of democracy and swaraj," Bhushan said.

Bhushan also sought transparency in the way funds are spent which, he claimed, is currently being done in an "arbitrary" manner. "The party now receives considerable donations. There is, however, no systematic planning on how these funds are to be spend. We do not have any empowered committee or decision making system of deciding on how the funds are to be spent," he said.

"With the result that such decisions are being made in an arbitrary manner by a few people who are not authorised by the National Executive to take such decisions. There are some volunteers who are paid by the party, but a vast majority of them are not... Even these decisions need to be taken in a systematic and democratic manner," Bhushan said.

Bhushan also slammed the party over its "lack of transparency". He said while the party criticises BJP and Congress, it has not put up its expenditure on website.

"Our party was founded on the principle of transparency and accountability which is embedded in the vision document of the party. We had claimed that parties should come under RTI Act and berated BJP and Congress for flouting the information Commission directive to them to come under RTI.

"We said, we will put all our accounts on public website. But what is the reality today. Far from bringing the party under RTI, we don't even have our accounts on the website. We have put our donations but not expenses. We don't even put decision of our constitutional bodies like National Executive, or the PAC on the website, what to say of the minutes," he said.

"In fact, as far as I am aware, even decision of PAC or NE meetings are not maintained what to say of making them transparent," the letter said.

In a joint letter to National Executive members, Bhushan and Yogendra Yadav is believed to have highlighted contentious issues like expanding the PAC.

Referring to the controversy where AAP MLA from Uttam Nagar Naresh Balyan was booked after illegal liqour was allegedly seized from his residence, the two leaders demanded thorough investigation by the party into this case.

They also demanded "activation" of the discipline and grievance committee.

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Agencies
March 15,2020

Financially troubled Yes Bank on Saturday reported a standalone net loss of ₹ 18,560.31 crore for the third quarter of the financial year 2019-20. This is amongst the biggest losses reported by the India Inc.

At present, the private lender is under a moratorium and is controlled by the office of the administrator appointed by the RBI.

The bank had reported a net profit of ₹1,001.85 crore during the corresponding period of the previous financial year.

Besides, the bank's total income fell to Rs 6,268.50 crore from Rs 8,849.81 crore earned during the October-December quarter of the previous fiscal.

On consolidated basis, Yes Bank reported a net loss of ₹18,564.24 crore for the December quarter from a net profit of Rs 1,000.57 crore in the corresponding period of the previous fiscal.

The independent auditor's review report on the consolidated results pointed out that there is a "material uncertainty related to going concern" of the bank.

"The said assumption of going concern is dependent upon the degree of success of the final reconstruction scheme, the quantum of capital infused into the bank and the bank's ability to stabalise its deposit balances post withdrawal of the moratorium by the RBI. Our conclusion is not modified in respect of this matter," the auditor said.

Furthermore, the bank recognised additional loans of ₹ 5,150.2 crore as NPAs and related provisioning requirements of ₹772.5 crore for the quarter ended December 31, 2019.

The bank has recognised an additional provisions of ₹15,422.0 crore in the quarter ended December 31, 2019.

Last week, the RBI placed Yes Bank under moratorium and capped the withdrawal limit at ₹50,000 till next Wednesday.

Additionally, the central bank also superseded Yes Bank's board of directors and appointed former SBI CFO Prashant Kumar as its administrator.

Meanwhile, Kumar has been appointed as the new Chief Executive Officer of the financially troubled lender. He will take over his new responsibilities once the moratorium on the stressed lender is lifted on Wednesday.

Apart from Kumar, Sunil Mehta, former non-executive Chairman of Punjab National Bank, will take over as the non-executive Chairman of Yes Bank.

Other board members include Mahesh Krishnamurthy and Atul Bheda, both as non-executive Directors.

Additionally, six private lenders have joined the SBI to rescue Yes Bank with Federal Bank committing ₹300 crore by subscribing to 30 crore shares of ₹2 each at a premium of ₹8 per equity share.

The six private lenders have now committed an investment of ₹3,700 crore in the cash-strapped private sector bank.

On Friday, ICICI Bank and Housing Development Finance Corporation (HDFC) Ltd had announced that they will be investing ₹1,000 crore each in Yes Bank's equity. Axis Bank and Kotak Mahindra Bank will be investing ₹ 600 crore and ₹500 crore, respectively, while Bandhan Bank will invest ₹300 crore.

The SBI board has already approved up to 49 per cent stake purchase in Yes Bank, as per the RBI's reconstruction scheme for the lender. It had said on Thursday that an investment of ₹7,250 crore would be made in Yes Bank to pick up₹ 725 crore equity shares.

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News Network
January 1,2020

Pune, Jan 1: Maharashtra Deputy Chief Minister Ajit Pawar and Vanchit Bahujan Aghadi president Prakash Ambedkar paid tributes at the 'Jay Stambh' near here on Wednesday on the 202nd anniversary of Koregaon Bhima battle.

Lakhs of people congregate every year at the 'Jay Stambh' (victory pillar) near Koregaon Bhima village to offer tributes on the anniversary of the battle, which was fought on January 1, 1818 between the British East India Company and the Peshwa faction of the Maratha Confederacy.

Violence broke out during the bicentenary celebrations of the Koregaon Bhima battle on January 1, 2018 in which one person was killed and several others were injured.

Police have made elaborate security arrangements to ensure no untoward incident takes place during the congregation at the victory pillar, an official said.

Talking to reporters after visiting the victory pillar, Pawar said he came to offer tributes on behalf of the people of Maharashtra.

"This pillar has history and every year lakhs of people come here. Some untoward incidents took place two years ago, but the government is taking utmost care and elaborate police bandobast has been made here to ensure that no untoward incident takes place," he said.

Pawar also urged people to visit the war memorial in a peaceful manner.

"I appeal to people to come here and offer their tributes, but maintain peace and do not believe in rumours," the NCP leader said.

Prakash Ambedkar also offered his tributes at the victory pillar.

Pune Police last week issued notices to several people, including right-wing leaders Milind Ekbote and Sambhaji Bhide, and members of Kabir Kala Manch, barring them from entering the district for four days from December 29.

The notices, as part of preventive action, were issued to all those against whom cases were registered in connection with the violence two years ago.

Ekbote was arrested in March 2018 for allegedly instigating and orchestrating the violence around Koregaon Bhima.

Bhide was also booked and named in the FIR, but never arrested.

The police attributed the violence to the Elgar Parishad conclave held here on December 31, 2017, where provocative speeches were allegedly made.

They are also probing the alleged "Maoist link" of some activists to the Elgar Parishad conclave.

Several Dalit groups observe the anniversary of the Koregaon Bhima battle, in which the British defeated the Peshwas of Maharashtra.

The memorial, located at Perne village on Pune- Ahmednagar road, was constructed by the British in the memory of soldiers who died in the battle.

Dalit leaders commemorate the British victory as soldiers from the Mahar community were part of the East India Company's forces.

The Peshwas were Brahmins, and the victory is seen as a symbol of assertiveness by Dalits.

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News Network
March 19,2020

New Delhi, Mar 19: Former Chief Justice of India Ranjan Gogoi took oath as Rajya Sabha MP on Thursday.

Gogoi's wife Rupanjali Gogoi, daughter, and son in law were also present in Parliament.

Congress staged a walkout from the Rajya Sabha over Gogoi's membership to the House.

Meanwhile, Union Minister Ravishankar Prasad welcomed Gogoi in the Rajya Sabha.

President Ram Nath Kovind had nominated the former CJI to the Rajya Sabha on March 16.

Gogoi served as the 46th Chief Justice of India from October 3, 2018, to November 17, 2019.

On November 9, 2019, a five-judge Bench headed by him had delivered the verdict in the long-pending Ramjanmabhoomi case.

Comments

Fairman
 - 
Thursday, 19 Mar 2020

People lost trust in Judiciary because of such horrible criminals.

 

He betrayed the whole nation. Unless he is booked, the judiciary will not restore the lost faith. 

 

 

The loss may be momentary in nature, It is the promise of the Almighty, He will ensure the justice is served to everyone. 

 

Angry Indian
 - 
Thursday, 19 Mar 2020

Pure slave like goo mutur....nice life DDDDOOOOGGGGG

 

ayes p.
 - 
Thursday, 19 Mar 2020

Fixed from judgement of babri masjid to rajya sabha member

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