RSS 'very nationalistic', has kept India united: Kiran Bedi

January 21, 2015

New Delhi, Jan 21: A rare BJP leader with no RSS link, Kiran Bedi, the party's Chief Ministerial nominee for Delhi, today described the Sangh as "very nationalistic" that has kept India united.KIRAN BEDI

The 65-year-old Bedi, who has been pitchforked to a leadership role within days of joining BJP, also felt that the Rashtriya Swayamsevak Sangh (RSS), a right-wing organisation, was a very disciplined outfit and has been contributing significantly to nation building.

"They( RSS) are very nationalistic. I would think here is an organisation which kept India together, which has kept India neat," Bedi told  in an exclusive interview.

The former IPS officer, who was a core member of Team Anna till about two years back along with Kejriwal before they parted ways, said the AAP leader's agitation at Rajpath within a month of becoming Chief Minister(on December 28, 2013) had "ticked" her off very much.

It was after Kejriwal's protest at Rajpath that she thought of joining politics to save Delhi from "confrontational politics", she said.

"The city of Delhi was the reason for my joining politics. Delhi has gone through a huge upheaval ever since this man's (Kejriwal) entry (into politics). It stood still and it's been only on an agitation mode which left a very bad taste in the mouth of Indians.

"Because whatever happens in Delhi, happens in India. It affects India, it impacts India. It's been all about confrontation, it's all about Rajpath Dharnas. What kind of person is he (Kejriwal) who says I am an anarchist?. Three days Delhi was standstill (when Kejriwal was on dharna as Chief Minister)," she said.

While she was severely critical of AAP, she was full of praise for RSS and said people do not know the "real" RSS.

"You do not know them. I have seen it all..I saw very disciplined people and being very very strongly nationalistic. Teaching discipline to youngsters," she said.

Asked why she was not accepting Kejriwal's debate challenge as she herself two years back had asked Sonia Gandhi to go for a US Presidential campaign-like debate with the then BJP president Nitin Gadkari, Bedi said she did not want to participate in a "drama".

"That is not a challenge. It was for drama as I am in positive politics and not in bickering politics," Bedi said.

Rejecting criticism against her for joining politics when she herself was critical of Kejriwal when he floated AAP, Bedi said, "Politics is a vehicle for change, vehicle for reform and vehicle for governance" and that she joined BJP for a cause.

"The Anna Hazare movement had come to an end. It reached its logical conclusion. We should not waste time anymore. People are waiting for development and progress. They are waiting for good governance, growth and investment. I have come for positive politics," she said.

On whether BJP brought her to shield Prime Minister Narendra Modi from any blame in case BJP is defeated at the polls, Bedi said," The party leadership is bringing people like me to sow seeds of new kinds of politics."

Asked whether she talked to Anna Hazare before joining BJP, Bedi said she tried to contact him but was not successful.

Queried how she would want herself to be remembered, Bedi's reply was--"somebody who brought positivity to politics".

On growing resentment among the BJP leaders over her sudden entry as Chief Ministerial candidate, she dismissed the issue, saying she has conveyed to all leaders that they have to "walk together" towards victory.

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News Network
April 21,2020

New Delhi, Apr 21: The historic rout in oil markets that sent US crude prices plummeting to as much as minus USD 40 a barrel is unlikely to translate into any big reduction in petrol and diesel prices in India as domestic pricing is based on different benchmark, and refineries are already filled up to brim and cannot buy US crude just yet.

With storage capacity already overflowing amid coronavirus-induced demand collapse, traders rushed to to get rid of unwanted stocks triggering the collapse of US West Texas Intermediate (WTI) crude for May delivery.

Indian Oil Corp (IOC) Chairman Sanjiv Singh said the collapse was triggered by traders unable to take deliveries of crude they had previously booked because of a demand collapse. And so they paid the seller to keep oil in their storage.

"If you look at June futures, it is trading in positive territory... around USD 20 per barrel," he said.

Low oil prices may seem good in short-term but in the long run it will hurt the oil economy as producers will have no surplus to invest in exploration and production which will lead to a drop in production, he said.

He did not comment on retail fuel prices that have been static since March 16.

Oil companies have not changed rates despite a fall in international prices as they first adjusted them against the increase that was warranted from a Rs 3 per litre hike in excise duty and close to Re 1 per litre additional cost of switching over to cleaner BS-VI grade fuel from April 1.

Petrol in Delhi is priced at Rs 69.59 a litre and diesel comes for Rs 62.29 per litre.

"The negative price has no direct impact on India or Indian oil prices, as this has taken place due to crude oil produced and traded within the US. India's prices are driven partly by another benchmark, the Brent, which is still trading at USD 25/barrel. Therefore, the retail price of fuels in India are unlikely to fall," said Amit Bhandari, Fellow, Energy and Environment Studies, Gateway House.

Also, Indian refineries are already overflowing as fuel demand has evaporated due to the unprecedented nationwide lockdown imposed to curb spread of COVID-19. So, they can't rush to buy US crude.

The refineries have already cut operating rate to half because the fuel they produce has not been sold yet.

India imports 4 million barrels/day (1.4 billion barrels/year) of oil. The country has been benefitting from the falling prices of oil for the last five years, when oil dropped from a peak of USD 110/barrel to USD 50-60/barrel last year, enabling India to invest in public service programmes.

"However, the additional USD 30 fall of this week is good for India - but there is also a downside. If oil prices are too low, the economies of oil-rich gulf countries will be hurt, threatening the job prospects of the 8 million Indians working in the Gulf countries. India is the largest recipient of foreign remittances due to these workers – very low oil prices will hurt this cash stream," Bhandari said.

He said the negative price of oil shows how much oil oversupply exists in international markets today. "Global oil consumption has fallen due to the COVID-19 pandemic that traders are willing to pay customers to get rid of the barrels they can't store. The world does not have enough storage capacity, and dumping the oil is an environmental crime."

The first half of April saw Brent crude oil prices plummet 63.6 per cent to USD 26.9 per barrel. Prices of Western Texas Intermediate (WTI), the American oil, had also fallen similarly by 63.1 per cent.

But on April 20, WTI prices turned rapidly negative because traders on the Nymex exchange rushed to offload their May futures positions a day before expiry of contracts (on April 21).

Such WTI futures are traded on the Nymex exchange with contracts settled in physical crude oil. Problem is, those who had gone long are unable to find storage facilities for the oil and had to liquidate their contracts before expiry. This caused the plunge in WTI prices.

Contrast to this, June WTI Nymex futures prices is hovering around USD 21, while Brent for June delivery is at USD 25.

Miren Lodha, Director, CRISIL Research said the demand for crude oil was declining already because of economic slowdown when the COVID-19 pandemic-driven lockdowns crushed it further.

Consequently, oil demand is expected to contract by 8-10 million barrels per day (mbpd) in 2020 assuming demand recovery begins from the third quarter of the year, he said, adding if recovery doesn't happen by then, further demand destruction could occur.

On the supply side, producers reining in output following a strategic deal between OPEC members, Russia and the US.

Under this agreement, OPEC+ would reduce oil production by 9.7 mbpd for May and June, but gradually ease the curb to 7.7 mbpd between July and December 2020, and to 5.8 mbpd till April 2022 to stabilise prices.

"This is expected to reduce some surplus in the market by the end of 2020," Lodha said.

Crude oil demand is expected to decline by over 20 mbpd in April alone. Typically, monthly global demand is about 100 mbpd. Given this scenario, supply curbs would have limited influence.

Consequently, Brent oil prices is expected to be in the USD 25-30 range for the second quarter while increasing marginally in the last 2 quarters of 2020.

"The gigantic inventory build-ups and lack of storage facilities would also put pressure on prices," he said, adding overall Brent could average USD 30-35 in 2020, with a strong downward bias.

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News Network
January 27,2020

Kolkata, Jan 27: The West Bengal government on Monday tabled a resolution against the Citizenship (Amendment) Act in the Assembly.

The resolution appeals to the Union government to repeal the amended citizenship law and revoke plans to implement NRC and update NPR.

As per reports, state Parliamentary Affairs Minister Partha Chatterjee introduced the resolution in the House around 2 pm.

Three states - Kerala, Rajasthan and Punjab - have already passed resolutions against the new citizenship law.

The law has emerged as the latest flashpoint in the state, with the TMC opposing the contentious legislation tooth and nail, and the BJP pressing for its implementation.

The new citizenship law has emerged as the latest flashpoint in the state, with the TMC opposing the contentious legislation tooth and nail, and the BJP pressing for its implementation.

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News Network
June 15,2020

New Delhi, Jun 15: With an increase of 11,502 cases in the past 24 hours, the COVID-19 count in India reached 3,32,424 on Monday, according to the Union Health and Family Welfare Ministry.

The spike is marginally lower than the highest-ever spike of 11,929 new cases the country registered a day earlier.

With 325 deaths being reported from across the country, the toll due to COVID-19 has now reached 9,520.

The COVID-19 count includes 1,53,106 active cases while 1,69,798 patients have been cured and discharged or migrated so far.

Maharashtra with 1,07,958 cases continues to be the worst-affected state in the country with 53,030 active cases while 50,978 patients have been cured and discharged in the state so far. 3,950 deaths have been reported due to the infection so far from Maharashtra.

It is followed by Tamil Nadu with 44,661 cases and the national capital with 41,182 confirmed cases.

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