Rahul may take over as Congress chief after Diwali: Sachin Pilot

Agencies
October 1, 2017

New Delhi, Oct 1: Rahul Gandhi may take over as the Congress president shortly after Diwali, Rajasthan Congress leader Sachin Pilot said on Sunday, stressing that the time had come for the party vice-president to lead from the front.

The Gandhi confidant also said the last names of leaders should not be treated as a disqualification in politics. It was the performance of a leader that ultimately decided his worth, as a surname could only take him “so far,” he said.

Mr. Pilot added that Mr. Gandhi’s elevation had been in the pipeline for long.

“Organisational elections of the Congress are underway and the new president could take over shortly after Diwali. It is something that has been in the pipeline for a long time,” Mr. Pilot said in an interview.

The Congress leader said the general sentiment in the party was that the time had come for Mr. Gandhi to take charge and lead from the front, while favouring a “balanced approach” of a mix of the young and the old in the party.

“To my mind, there is a general sentiment in the party that he should take over as the party president,” Mr. Pilot said.

He pointed out that Mr. Gandhi had been handling “a lot of work” as the vice-president, but the party believed “this [Mr. Gandhi’s elevation] should happen in due course and the time has come for it to happen.”

Asked if Mr. Gandhi’s sister Priyanka Vadra should also enter active politics, the former Minister said, “Though she belongs to the Congress party, whether she should join active politics or not is her personal decision.”

On the issue of dynastic politics and accusations that the Congress promoted dynasties, Mr. Pilot said belonging to a political family might help someone initially, but it could not guarantee progress unless backed by performance.

“Belonging to a family that has been in politics should not be treated as a disqualification,” he said.

Ultimately, he said, success depended on performance.

“If you perform and win the hearts of people through work, delivery and performance, then it will decide. The mere last name will only take you so far,” said Mr. Pilot, the son of late Union Minister and Congress heavyweight Rajesh Pilot.

He brushed aside BJP’s criticism that the Congress was promoting dynasties, pointing out that several people in that party too were from political families.

“The BJP should introspect. Many of their leaders are also from political families,” he said.

Mr. Pilot added he neither promoted nor denounced dynastic politics, but sought to stress that individual calibre would decide one’s success.

”It [family] should not be the only reason to bring someone into public life. No one can be thrust upon the public and there is no short cut to hard work,” he said.

Asked if the time had come for a generational change in the Congress and for the old to make way for the young, the Rajasthan Congress chief said, “It is not a question of making way; it is a question of working together.”

The “cut-off date” system did not work in politics, he added.

Unlike the BJP, which he claimed “humiliates” its elders, the Congress uses their wisdom and moves together, he said.

“The BJP’s margdarshak mandal has become the biggest travesty of time. We don’t humiliate elders like [they do] in the BJP. I believe we should have a good mix between the old and the new while one must keep changing,” he said.

In the Congress, he held, the new generation comes in, with the old lending their support to it.

He favoured a “balanced approach” and claimed the Congress had maintained this as part of its history and tradition.

Mr. Pilot also hit out at the BJP, saying that a particular ideology should not be thrust upon others and there should not be any hatred in politics.

“One should have competitors and not enemies in politics and we must respect that basic tenet of democracy,” he said.

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Agencies
July 30,2020

New Delhi, Jul 30: India's gold demand in 2020 is expected to fall to the lowest level in 26 years with domestic bullion prices hitting a record high and as falling disposable incomes could curtail retail purchases, the World Gold Council (WGC) said on Thursday.

Lower demand by the world's second-biggest bullion consumer could limit a rally in global prices, which hit a record high earlier this month, although it could also reduce India's trade deficit and support the ailing rupee.

"Fast rising gold prices could act as headwinds," said Somasundaram PR, the managing director of WGC's Indian operations.

Local gold futures have jumped 35% so far this year after rising a quarter in 2019.

India's gold consumption in the first half of 2020 plunged 56% on-year to 165.6 tonnes. Meanwhile, the coronavirus-triggered lockdown also slashed demand by 70% in the June quarter to 63.7 tonnes, the lowest in more than a decade, the WGC said in a report published on Thursday.

Millions of Indians have lost their jobs or taken a pay cut after the country imposed a lockdown on its 1.3 billion people to curb the spread of the virus that has infected more than 1.5 million Indians.

Consumption is generally high during the June quarter due to weddings and key festivals such as Akshaya Tritiya, but lockdown restrictions kept shoppers indoors this year.

The weak demand in the first half could drag down India's gold consumption in 2020 to the lowest since 1994, when demand stood at 415 tonnes, Somasundaram said, adding that it is still difficult to provide an estimate for full-year demand as the coronavirus crisis is still unfolding.

"Indian demand has previously jumped as much as 300 tonnes in a quarter. Latent demand could come out in the second half," Somasundaram said.

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News Network
February 28,2020

Feb 28: For 30-year-old Shabana Parveen, it was nothing sort of a miracle — giving birth to a healthy baby boy after surviving a brutal attack by a mob who kicked and assaulted her and her husband in northeast Delhi's Karawal Nagar.

Their home set afire by the mob, Ms Parveen's family is now pinning their hopes on the newborn who they called a "miracle baby".

Ms Parveen, her husband, two kids and mother-in-law were sleeping inside the house on Monday night when a mob barged into their house.

Narrating their ordeal, Ms Parveen's mother-in-law Nashima told PTI, "They hurled religious slurs, beat up my son. Some of them even kicked my daughter-in-law in the abdomen...as I went to protect her they came charging at me... We thought we would not survive that night. But with God's grace we somehow managed to escape from the clutches of the rioters."

"We rushed Parveen to a nearby hospital but doctors there asked us to go to Al-hind Hospital where she delivered a baby boy on Wednesday," she added.

Despite having lost their home for over two decades and all belongings, her family has overcome the initial shock and are now overjoyed with the birth of the "miracle baby".

Ms Nashima said she had no clue where the family would go after Ms Parveen was discharged from the hospital.

"It's all gone there. Nothing left. Maybe, we will go to some relative's place and see how we can re-build our life," she said.

Ali, 6, who held his one-day-old brother, caressing his forehead, said, "I will take care of him forever and save him from every ill."

The violence over the amended citizenship law in northeast Delhi has claimed 38 lives so far and left over 200 people injured. Frenzied mobs torched houses, shops, vehicles, a petrol pump and pelted stones at locals and police personnel.

Jaffrabad, Maujpur, Babarpur, Yamuna Vihar, Bhajanpura, Chand Bagh and Shiv Vihar are among the areas mainly affected by the clashes.

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News Network
January 31,2020

New Delhi, Jan 31: Chief Economic Adviser K V Subramanian on Friday said India's GDP is expected to grow at 6-6.5 per cent next fiscal as the economic slowdown has bottomed out.

As per the first advance estimates released by the National Statistical Organisation (NSO), the country's economic growth is likely to hit an 11-year low of 5 per cent in the current fiscal ending March 2020.

The Economic Survey 2019-20, prepared by a team lead by Subramanian, has projected the GDP to expand in the range of 6-6.5 per cent during 2020-21.

The Indian economy has hit the bottom and it will see an uptick from here, he said in a media briefing post the Economic Survey.

Amidst a weak environment for global manufacturing, trade and demand, the Indian economy slowed down with GDP growth moderating to 4.8 per cent in the first half of 2019-20, lower than 6.2 per cent in H2 of 2018-19.

Based on NSO's first advance estimates of GDP growth for 2019-20 at 5 per cent, an uptick in GDP growth is expected in the second half of the fiscal, it said.

According to it, the uptick in second half of 2019-20 would be mainly due to ten positive factors like picking up of Nifty India Consumption Index for the first time this year, an upbeat secondary market, higher FDI flows, build-up of demand pressure, positive outlook for rural consumption, rebound of industrial activity, steady improvement in manufacturing, growth in merchandise exports, higher build-up of foreign exchange reserves and positive growth rate of GST revenue collection.

The survey also emphasised that merger of public sector banks may increase the financial strength of the merged entities, lower the risk aversion and result in lowering of lending rates.

Further, as the implementation of GST further settles down, the increased unification of the domestic market may reduce business costs and facilitate fresh investment.

Reforms in land and labour market may further reduce business costs, said the survey, presented a day before Sitharaman's Union Budget 2020-21.

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