Priyanka Chaturvedi joins Shiv Sena

Agencies
April 19, 2019

New Delhi, Apr 19: Congress national spokesperson and convenor of party's media cell Priyanka Chaturvedi, who was miffed at the reinstatement of some party workers who had misbehaved with her, resigned from the party and joined the Shiv Sena on Friday.

She joined the Shiv Sena in the presence of the party president Uddhav Thackeray, sources said.

Earlier, after quitting all posts in the party, Chaturvedi sent her resignation to Congress President Rahul Gandhi and other senior leaders.

"In the last few weeks certain things have convinced me that my services are not valued in the organisation and that I have reached the end of the road. At the same time I also feel that more time that I spend in the organisation will be at the cost of my own self respect and dignity,"Chaturvedi said in her resignation letter.

She has also changed her introduction in her Twitter account where she had made a clear mention earlier about posts she held in the party.

"I am absolutely overwhelmed and grateful with the love and support I have got across board from the nation in the past 3 days. I consider myself blessed with this immense outpouring of support. Thank you to all who have been a part of this journey," Chaturvedi tweeted in a farewell message to the party.

In her resignation to Gandhi, she said, "What saddens me is that despite the safety, dignity, empowerment of women being promoted by the party and has been your call to action the same is not reflected in the action of some of the members of the party. A serious incident and misbehaviour against me by certain party members, while I was on official duty for the party, has been ignored under the guise of all hands needed for election.

"This indignity to me has been the final factor to convince me to move on and focus on other things outside INC. I would request you to accept my resignation and relieve me of all my roles and responsibilities from the party on immediate basis and oblige."

She was unhappy at the reinstatement of some party workers in Uttar Pradesh who had "misbehaved" and "threatened" her during her press conference in Mathura a few days ago.

Chaturvedi had lashed out at the party in public on Thursday and accused it of giving preference to "lumpen goons" over those who had given their "sweat and blood" to the Congress.

She said it was unfortunate and saddening that those who threatened her have got away without even "a rap on their knuckles".

The party, which had suspended those workers, reinstated them on April 15.

The action of rescinding the suspension, party leaders had claimed, was taken on the recommendations of Congress general secretary for West Uttar Pradesh Jyotiraditya Scindia.

Chaturvedi had also been seeking the Congress ticket from Mumbai (North West).

She has been trending on social media for her "Kyunki Mantri Bhi Kabhi Graduate Thi" jibe at Union minister Smriti Irani, who is contesting from Amethi in Uttar Pradesh against Congress president Rahul Gandhi.

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Agencies
August 3,2020

New Delhi, Aug 3: India's COVID-19 tally crossed the 18 lakh mark with 52,972 positive cases and 771 deaths reported in the last 24 hours.

The total COVID-19 cases stand at 18,03,696 including 5,79,357 active cases, 11,86,203 cured/discharged/migrated and 38,135 deaths," said the Union Ministry of Health and Family Welfare on Monday.

As per the data provided by the Health Ministry, Maharashtra -- the worst affected state from the infection -- has a total of 1,48,843 active cases and 15,576 deaths. A total of 4,41,228 coronavirus cases have been recorded in the state up to Sunday.

Tamil Nadu has reported a total of 56,998 active cases and 4,132 deaths. While Delhi has recorded 10,356 active cases, 1,23,317 recovered/discharged/migrated cases and 4,004 deaths.

The COVID-19 samples tested across the country has crossed the 2 crore mark till August 2.

The total number of COVID-19 samples tested up to August 2 is 2,02,02,858 including 3,81,027 tests that were conducted yesterday, said Indian Council of Medical Research (ICMR) on Monday. 

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News Network
April 16,2020

Kochi, Apr 16: As many as 268 British citizens stranded in Kerala due to the nationwide lockdown were airlifted by British Airways on Wednesday from Thiruvananthapuram and Cochin International Airports.

The flight took off from Thiruvananthapuram to London's Heathrow Airport with 110 passengers at 7.30 pm. Later, 158 more passengers boarded the flight from Cochin airport at 10.07 pm.
A medical team, including four doctors, screened the passengers at the Thiruvananthapuram airport before they boarded the flight.

Earlier this month, the first charter flight from India reached London's Stansted with 317 British nationals on board from Goa.

The British government had earlier announced the operation of 19 chartered flights to evacuate its nationals who are stranded in India amid travel restrictions owing to the coronavirus crisis.

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News Network
January 21,2020

Jan 21: Indian policymakers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home.

Investors are speculating about potential steps Finance Minister Nirmala Sitharaman could unveil when she presents the nation’s budget on Feb. 1. These measures may include freeing up firms to borrow at higher rates and offering tax breaks to global funds.

“The government will need to relax local rules to make it easier for Indian companies to raise debt overseas and tide over the funding crunch in the onshore market,” said Raj Kothari, London-based head of trading at Jay Capital Ltd. “At the same time, they need to ensure that the borrowers tapping offshore markets abide with stricter corporate governance so as to avoid further defaults.”

A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding. The government has tried a series of measures to spur domestic credit, including providing so-called credit enhancement and allowing tiny firms to restructure debt.

Here are some steps Sitharaman may consider to spur foreign borrowing:

• She could raise the cap of 450 basis points above Libor, which limits overall foreign debt costs for Indian companies

• This could help lower-rated firms sell bonds abroad. Indian companies rated BBB currently borrow at more than 10%, about 3.8 percentage points more than their top-rated peers;

• Sitharaman could waive the withholding tax foreign investors need to pay on holdings of rupee-denominated debt sold by Indian companies abroad

• The waiver was offered between September 2018 to March 2019, but wasn’t extended as the highest global interest rates since the financial crisis deterred Indian borrowers. Since then, the three-month Libor has dropped by about 1 percentage point

• She could permit Indian property developers and housing finance lenders to sell overseas bonds for reasons beyond affordable housing projects

• New funding lines to the real estate sector, arguably ground zero of India’s economic slowdown, could help kickstart consumption and investment as the industry is the nation’s biggest job-creator.

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