Sitaram Yechury unanimously elected new general secretary of CPI-M

April 19, 2015

Visakhapatnam, Apr 19: Senior CPI(M) leader Sitaram Yechury was today unanimously elected the new general secretary of the party.

The party also elected 91 members of its central committee and also the 16-member politburo on the concluding day of its 21st congress here today.

Sitaram YechuryAddressing the CPI(M) meet here, Yechury, after getting elected as the general secretary, said this is the congress of future, future of our party and our country.

"Our task is to strengthen unity of Left and democratic forces. The unmistakable conclusion of this congress is that the crisis in capitalism continues to deepen in the world. There is no alternative except to strengthen the struggle for socialism. If there is any future for human civilisation, that future lies in socialism," the 62-year-old CPI(M) leader said.

Yechury's name for the post was proposed by outgoing general secretary Prakash Karat and seconded by S Ramachandran Pillai.

Prior to his election, Yechury was considered as the front-runner for the post of general secretary.

Pillai had yesterday rubbished the reports suggesting that he was also in the race for the top job in CPI(M), saying the party will decide the candidate for the post.

During its 21st congress which concluded here, the CPI(M) said that the immediate task on its hand was the fight against the Narendra Modi government's policies and "communal" agenda of the Hindutva forces, but ruled out joining hands with Congress in its campaign.

"This (fight against BJP and its policies) is the main task at hand. This requires a concerted opposition to the Modi government's economic policies and its Hindutva-oriented social and educational policies," said the draft political resolution adopted by party yesterday.

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News Network
March 2,2020

Feb 2: The Supreme court on Monday decided to hear on March 4 a plea seeking registration of FIRs against politicians for hate speeches which allegedly led to violence in the national capital.

A bench headed by Chief Justice S A Bobde agreed to hear the plea filed by riots victims.

The petition was mentioned for urgent listing by senior advocate Colin Gonsalves, appearing for the riots victims.

Gonsalves said that the Delhi High Court has deferred for four weeks the matters related to riots in the national capital despite the fact that people are still dying due to the recent violence.

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News Network
February 28,2020

Feb 28: Market benchmark Sensex plummeted over 1,100 points, wiping off over Rs 5 lakh crore investor wealth, in opening session on Friday amid a massive selloff in global equities as rising coronavirus cases outside China stoked fears of a pandemic that could dent world growth.

The 30-share index sank 1,100.27 points, or 2.77 per cent, to 38,645.39, while the NSE Nifty cracked 329.50 points, or 2.83 per cent, to 11,303.80.

All Sensex components were trading in the red, led by losses in Tata Steel, Tech Mahindra, Infosys, Mahindra and Mahindra, Bajaj Finance, HCL Tech and Reliance Industries.

In the previous session, the Sensex settled 143.30 points, or 0.36 per cent, lower at 39,745.66, and the Nifty fell 45.20 points or 0.39 per cent to end at 11,633.30.

According to analysts, till last week the market was of the view that coronavirus was going to have minimum impact on global economy as situation in China was being contained. But the increase in the number of new cases is changing the view and investors are worried about an intense slowdown.

Further, incessant selling by foreign investors is also spooking domestic market participants, traders said.

On a net basis, foreign institutional investors sold equities worth Rs 3,127.36 crore on Thursday, data available with stock exchanges showed.

Stock exchanges in Shanghai, Hong Kong, Seoul and Tokyo plunged up to 4 per cent in their morning sessions.

On Wall Street, the Dow Jones Industrial Average dropped 1,190.95 points, its largest one-day point drop in history, bringing its loss for the week to 3,225.77 points, or 11.1 per cent.

The S&P 500 has now plunged 12 per cent from the all-time high it set just a week ago.

World oil prices too tumbled by more than 4 per cent overnight as traders fretted about the impact of spreading coronavirus on crude demand, particularly from key consumer China.

Brent crude oil futures fell another 2.47 per cent to USD 50.45 per barrel early in the day.

The rupee depreciated 28 paise to 71.89 against the US dollar in morning session.

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Agencies
February 13,2020

New Delhi, Feb 13: The BJP's Amit Shah today said statements like "goli maaro" and "Indo-Pak match" should not have been made by BJP leaders ahead of the Delhi elections.

The BJP may have suffered in the elections because of hate statements made by party leaders, he said, reported news agency Press Trust of India.

The party, he said, had distanced itself from such remarks.

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