Rahul Gandhi will take over as Congress President soon, confirms Sonia

Agencies
October 14, 2017

New Delhi, Oct 14: Congress President Sonia Gandhi has confirmed that her son Rahul Gandhi will take over as the next party chief soon.

"You (the media) have been asking me about Rahul (taking over the party) for a long time. It will be done soon," said Sonia, speaking on the sidelines of former president Pranab Mukherjee's book launch in New Delhi.

On Friday, the Uttarakhand Congress has passed a resolution urging Rahul Gandhi to take over as party president. The Uttar Pradesh, Delhi and four other state units have also passed similar resolutions.

Recently, the ball was set rolling for long-pending organisational polls which would also entail elections to the post of the President of the All India Congress Committee (AICC). The state Congress chiefs met in Delhi to finalise the election schedule.

The chances of Rahul finally taking over the reins of the party are high this time around. The build-up to his elevation has been slow and has been dragged for a while. That Sonia Gandhi doesn’t want to continue at the helm and wants Rahul to take over completely is a known fact. Over the past one year, it has been Rahul who has been calling the shots and taking major decisions.

As a part of the takeover strategy, Rahul has been the main face which Congress has been pitting against Prime Minister Narendra Modi in the last three years.

So, when Rahul was in the US recently, he attacked Modi for what he called his divisive politics and failed economics. And when senior ministers rushed in to defend the PM and attack Rahul, the Congress smiled as it saw in the retaliation an acknowledgement of the fact that Rahul was being seen as the main adversary to Modi.

The target-Modi strategy is also fraught with a huge risk as Congress is left with limited options for the next general elections.

“Rahul vs Modi is an unequal fight, for it’s a fight between ‘democracy & tyranny’, between ‘devolution & usurpation of authority’, between ‘inclusive growth & crony capitalism’. And yes, Rahulji’s and Congress’s vision will win, for India must win for our values to be protected and preserved for posterity,” said Congress spokesperson Randeep Surjewala.

On the other hand, many Congress leaders like Kamal Nath have been of the view that dual power arrangement between Sonia and Rahul confuses party workers. The leadership issues, this section feels need to be sorted out to have clarity on power and command structure.

Rahul as party president will make one thing clear — that 2019 will be a Modi versus Rahul election.

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Agencies
March 9,2020

Mumbai, Mar 9: The mayhem in domestic stock markets deepened with the BSE Sensex falling over 2,400 points and the Nifty50 trading below 10,400 points.

The plunge in the domestic indices was in line with the global markets on persistent fears of economic impact of the coronavirus epidemic.

Stocks of Reliance Industries registered the biggest fall in over 10 years as it fell to Rs 1,094.95 per share. At 1.34 p.m., it was trading at Rs 1,100, lower by Rs 170.05 or 13.39 per cent from its previous close. The stock fell most since October 2008.

The benchmark index of BSE Sensex was trading at 35,232.67 points, lower by 2,343.95 points or 6.24% from the previous close of 37,576.62 points. 

It had opened at the intra-day high of 36,950.20 and has so far touched a low of 35,109.18.

The Nifty50 on the National Stock Exchange was trading at 10,314.25 points, lower by 675.20 points or 6.14% from the previous close. 

It was a sell-off across sectors, led by financial, metal, energy and IT stocks - which weighed on the markets.

Further, crude oil prices also slumped around 30% on Monday as Organization of Petroleum Exporting Countries (OEPC) failed to agree on an output cut deal, eventually causing Saudi Arabia to cut its prices as it is likely to increase its production. Saudi Arabia's stance has already raised concerns of an all-out price war.

Brent crude futures are currently trading around $34 per barrel.

On Saturday, Saudi Arabia announced massive discounts to its official selling prices for April, and the nation is reportedly preparing to increase its production above the 10 million barrel per day mark, according to reports.

As per analysts, the oil market witnessed the worst price fall on Monday since the 1991 Gulf War.

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News Network
June 20,2020

New Delhi, Jun 20: A rare celestial event, annular solar eclipse, which is popularly known as the "ring of fire" eclipse, will be visible this Sunday in India.

It will be the first solar eclipse of this year takes place on the summer solstice, which is the longest day in the Northern Hemisphere.

While people living along the path annular eclipse passing through Anupgarh, Suratgarh, Sirsa, Jakhal, Kurukshetra, Yamunanagar, Dehradun, Tapowan and Joshimath will be able to see the annular phase, people in rest of India can witness a partial eclipse, said the Ministry of Science and Technology.

When Moon comes between the Sun and Earth, the shadow falls on the surface of the Earth. The Sun is entirely covered by the Moon for a brief period. Those places that are engulfed by the dark, dense umbral shadow of the Moon experience the total solar eclipse. In the regions that plunge into the soft diffused penumbral shadow of the Moon experience the partial eclipse.

"Annular solar eclipse is a particular case of the total solar eclipse. Like the total solar eclipse, the Moon is aligned with the Sun. However, on that day, the apparent size of the Moon happens to be a wee smaller than the Sun. Hence the Moon covers the central part of the Sun, and the rim of the Sun appear like a 'ring of fire' in the sky for a very brief moment" explains Samir Dhurde of The Inter-University Centre for Astronomy and Astrophysics, Pune.

During the solar eclipse, the apparent size of the Moon is smaller than that of the Sun by 1 per cent, the expert said.

Allying rumours that the eclipse will mark the end of coronavirus, Aniket Sule, Chairperson, Public Outreach and Education Committee of the Astronomical Society of India, said: "Solar eclipse is caused when the Moon comes in front of the Sun for a short time. As seen from Earth eclipses occur somewhere in the Earth 2 to 5 times a year. Eclipses do not impact microorganisms on Earth. Likewise there no danger in eating of stepping out during an eclipse. No mysterious rays come out of the Sun during an eclipse."

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News Network
July 20,2020

New Delhi, July 20: India's retail trade has suffered a business loss of about Rs 15.5 lakh crore in past 100 days due to the COVID-19 lockdown, traders' body CAIT said on Sunday. 

In a statement, the Confederation of All India Traders (CAIT) said traders across the country are depressed because of minimal of the consumers, considerable absence of employees, facing financial crunch and yet have to meet several financial obligations.

"No support policy from the central or state governments is yet another crucial factor which is haunting the traders," CAIT claimed. 

CAIT Secretary General Praveen Khandelwal said the domestic trade is passing through its worst period in the current century which reflects that if immediate steps are not taken about 20 per cent of the shops in India will have to close down their shutters.

The traders’ body has also urged the government to award a substantial package to traders to ensure their survival. Their demands include: Relaxation in payment of taxes, extension in repayment of bank loans and EMIs without any further interest or penalty as well as measures that would provide money directly in the hands of the traders.

In April, the losses stood at about Rs. 5 lakh crore whereas in May it was estimated to be about Rs. 4.5 lakh crore, followed by Rs. 4 lakh crore in June. Losses stood at about 2.5 lakh crore in the first fortnight of July offering a grim snapshot of the effect of the pandemic on consumer spending. 

“Even as the lockdown was relaxed, store footfall was only 10 per cent. Most of these traders do not have deep pockets to sustain this severe economic catastrophe and on the other hand have several financial obligations to meet. At this crucial time, handholding of these traders is all the more much required,” Khandelwal said.

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