SP crisis deepens with expulsion of close Akhilesh aide

October 22, 2016

Lucknow, Oct 22: Udayveer Singh, a Samajwadi Party MLC and one of the closest aides of Akhilesh Yadav, was today expelled from the party for "undignified" conduct days after he wrote to SP supremo Mulayam Singh Yadav suggesting him to elevate the Uttar Pradesh Chief Minister as the party's national president.Akhilesh-Yadav copy

A decision to expel Singh was taken after the inaugural meeting of the executive committee of SP's Uttar Pradesh unit adopted a resolution seeking action against him for his "derogatory" comments against Mulayam.

"Udayveer Singh has been expelled from the party for six years for his undignified and indisciplined behaviour," state party spokesman Ambika Chaudhary said. "The party will not tolerate undignified behaviour and indiscipline. It has reached where it is in 25 years because of discipline," Chaudhary said.

In the four-page letter to the party supremo earlier this week, Singh had said, "SP state president Shivpal Yadav and other members of his family have misled you (Mulayam) and hatched a conspiracy against CM Akhilesh, who should be made party national president and given all the powers."

Singh, whose association with Akhilesh is over three decades hold, with both studying in school together, had reportedly also made some comments about Mulayam's second wife and Chief Minister's step mother, which angered the SP's first family.

Reacting to the development, Singh said he had only put before Mulayam his thoughts about the "conspiracy" against the Chief Minister. Asked to comment on his expulsion, he said, "I will give my version only after getting the letter."

Maintaining that he had no regrets about the points raised by him in the letter, Singh said,"Netaji is the patron of the party. I am confident that he will do justice to me and the chief minister."

"Those who used foul language against the party chief are still in the party, but those who are the real well wishers and wrote letters are being expelled," Singh said.

Gaurav Bhatia, SP spokesman, said Singh had crossed the "Lakshman Rekha" in choosing the words he wrote in his letter to Mulayam which also hurt party workers.

"Questioning the leadership of Mulayam Singh Yadav, who is an elected president of the party, was wrong. An MLC cannot dictate who the party president will be. Anybody committing an act of indiscipline has to be punished and this is what has happened," he said.

On Singh's claim that a conspiracy has been hatched against Akhilesh, Bhatia said," These are unsubstantiated allegations".

Reacting to the recent developments in the party, old war horse Beni Prasad Verma, who returned to the party fold from Congress recently, said,"Netaji (Mulayam) is deeply pained. What has happened (Singh's letter to Mulayam) hurt Mulayam Singh's prestige.

"I would request Akhilesh to get things sorted out. It is time to close ranks (with assembly polls just months away)... there is little time."

Singh's explusion came a day after Akhilesh Yadav skipped a crucial meeting called by state party chief Shivpal Yadav to strategise for the assembly polls due early next year where the latter declared him the party's chief ministerial face.

Though Shivpal, the younger brother of SP supremo Mulayam Singh Yadav, had met Akhilesh to personally invite him to a meeting of SP district and city units presidents, the Chief Minister kept away, indicating all was not well in the party despite repeated claims by its senior leaders to the contrary. These delegates had later met Akhilesh separately.

Akhilesh, with whom Shivpal is engaged in a running feud over the last few months, had recently made it clear in a letter to Mulayam that he would be proceeding on his 'rath yatra' on November 3 to highlight the development work done by his government, in a clear indication that he would skip that event too.

With the tense stand-off between Akhilesh and Shivpal continuing, speculations about a possible split in the party are rife.

As a crisis-like situation obtained in the party, several top leaders including Beni Prasad Verma, Naresh Agarwal and state Assembly Speaker Mata Prasad Pandey met Mulayam earlier in the day. They were later closeted with Akhilesh in order to bring about rapprochement in the SP's first family.

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News Network
June 30,2020

New Delhi, Jun 30: With a spike of 18,522 COVID-19 cases in the last 24 hours, India's coronavirus count now stand at 5,66,840, said the Union Health and Family Welfare Ministry on Tuesday.

According to the Ministry, 418 deaths due to COVID-19 were reported in the last 24 hours. The number of deaths in the country now stands at 16,893.

There are 2,15,125 active coronavirus cases in the country while the number of cured/discharged patients stands at 3,34,821 and one patient migrated.

As per the Ministry, Maharashtra is the worst-hit state with regard to the COVID-19 cases and has reported 1,69,883 cases, including 73, 313 active cases 88,960 cured/discharged patients and 7,610 fatalities.

Tamil Nadu has a total of 86,224 cases including 1,141 deaths. Delhi's COVID-19 count stands at 85,161 cases and 2,680 fatalities.

The total number of samples tested up to 29 June is 86,08,654 of which 2,10,292 samples were tested yesterday, informed the Indian Council of Medical Research.

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News Network
May 26,2020

New Delhi. May 26: 6,535 more coronavirus cases have been reported in India in the last 24 hours, taking the total number of COVID-19 cases in the country to 1,45,380, informed Union Ministry of Health and Family Welfare on Tuesday.

Out of the total, at present, there are 80,722 active cases in the country. So far, 60,490 people have been cured/discharged and 4167 have died due to the lethal infection.

According to the data compiled by the Centre, Maharashtra has so far recorded the maximum number of cases of COVID-19 across the country with 52,667 people.

The tally of cases in Tamil Nadu has risen to 17,082. While Gujarat has recorded 14,460 cases of the infection so far.

There are 14,073 cases of coronavirus in the national capital.

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News Network
June 19,2020

Jun 19: Billionaire Mukesh Ambani on Friday announced that his oil-to-telecom conglomerate Reliance Industries is now net debt-free after raising a record Rs 1.69 lakh crore from global investors and a rights issue in under two months.

Reliance raised Rs 1.15 lakh crore from global tech investors by selling a little less than a quarter of the firm's digital arm, Jio Platforms Ltd, and another Rs 53,124.20 crore through a rights issue in the past 58 days.

Taken together with last year's sale of 49 per cent stake in fuel retailing venture to BP Plc of UK for Rs 7,000 crore, the total fund raised is in excess of Rs 1.75 lakh crore, the company said in a statement.

Reliance had a net debt of Rs 1,61,035 crore as on March 31, 2020. "With these investments, RIL has become net debt-free," it said.

"I have fulfilled my promise to the shareholders by making Reliance net debt-free much before our original schedule of March 31, 2021," Ambani said.

Jio Platforms - which houses the country's youngest but largest telecom firm Reliance Jio, raised Rs 1,15,693.95 crore from leading global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton and PIF since April 22, 2020.

Saudi Arabian sovereign wealth fund PIF buying 2.32 per cent stake in the unit for Rs 11,367 crore on June 18 "marks the end of Jio Platforms' current phase of induction of financial partners," the statement said.

Alongside, Reliance launched India's biggest right issue, which was subscribed to 1.59 times.

Though the rights issue size was Rs 53,124 crore, the company has got only 25 per cent of the money as the remaining is to be paid only next fiscal.

Ambani had at the company's annual general meeting on August 12, 2019, announced a roadmap for Reliance to become a net debt-free company before March 31, 2021.

"We have a very clear roadmap to becoming a zero net-debt company within the next 18 months that is by March 31, 202," he had said last year highlighting strong interest from strategic and financial investors in consumer businesses, Jio and Reliance Retail.

In the statement on Friday, he said he was both delighted and humbled to announce the fulfillment of the promise.

"Exceeding the expectations of our shareholders and all other stakeholders, again and yet again, is in the very DNA of Reliance," he said.

"Therefore, on the proud occasion of becoming a net debt-free company, I wish to assure them that Reliance in its Golden Decade will set even more ambitious growth goals, and achieve them," he added.

He said over the past few weeks, phenomenal interest was received from the global financial investor community in partnering with Jio.

"As our fundraising milestone from financial investors is achieved, we sincerely thank the marquee group of financial partners and warmly welcome them into Jio Platforms," he said.

"I also express my heartfelt gratitude to all the retail and institutional investors, both domestic and foreign, for their overwhelming participation in our record-setting Rights Issue," he added.

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