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Suspense over Advani's address as BJP National Executive meets in Bengaluru

April 3, 2015

Bengaluru, Apr 3: Bharatiya Janata Party's two-day national executive meet begins in the Karnataka capital on Friday, but all eyes will be on party doyen LK Advani whose name doesn't feature among the list of speakers at the event, sources said.

Advani

However, Law Minister DV Sadananda Gowda confirmed that Advani will attend the meet.

"Advani ji will come here on Friday. He is a national executive member, not an office bearer so he will come only tomorrow," he said.

Evading a direct reply to the question, party spokesperson Syed Shahnawaz Hussain said "the party has the guidance of all senior leaders".

Despite repeated questions, the BJP leader refused to say whether or not Advani would deliver a speech.

Advani, one of BJP's main founding members and tallest leaders, has attended and addressed at all national executive meetings of the party since 1980 when the party was founded, except one exception.

During the last meet in Goa when Narendra Modi was named the head of the party's campaign committee in Lok Sabha polls, not only did Advani skip the event but also sent a letter resigning from all posts of the party.

His differences with the party's decision were later reconciled and he took back his resignation. After that, Advani, more than once, has congratulated Modi for leading the BJP to victory in general elections.

According to party sources, this time Advani, a three-time BJP president, is not keen on addressing the party's national executive meet.

Sources added that organisation secretary of the party Ramlal met Advani in Delhi days before the meet over the issue. But it was not clear if Advani will speak at the forum.

Advani, along with Atal Bihari Vajpayee and Murli Manohar Joshi, is a part of a 'Margdarshak Mandal' , or the party's guiding committee which includes Narendra Modi and Rajnath Singh.

The three veterans have already been eased out of BJP's parliamentary board, the highest decision-making body of the party.

The guiding committee, however, has not held a single meet since being set up last August.

In its ts national executive meet on Friday and Saturday, the BJP will focus on expanding its base in the country, especially among states of Tamil Nadu, West Bengal, Kerala, Assam, Andhra Pradesh, Telangana and Odisha where it is weak.

BJP leaders are also likely to discuss how to involve workers in the Clean India and Clean Ganga campaigns.

The meeting, which is likely to be the last one before the Bihar assembly polls, is also expected to focus on the state elections.

Also featuring on the agenda will be BJP's poor performance in Delhi, upcoming state polls and the party's membership drive.

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Agencies
January 15,2020

Mumbai, Jan 15: The Reserve Bank of India (RBI) on Wednesday redistributed portfolios of Deputy Governors following the appointment of Michael Debabrata Patra to the post.

An official release said that NS Vishwanathan will handle co-ordination, Department of Regulation (DOR), Department of Communication (DoC), Enforcement Department, Inspection Department (ID), Risk Monitoring Department (RMD), and Secretary's Department.

BP Kanungo will look after Department of Currency Management (DCM), Department of External Investments and Operations (DEIO), Department of Government and Bank Accounts (DGBA), Department of Information Technology (DIT), Department of Payment and Settlement Systems (DPSS), Deposit Insurance and Credit Guarantee Corporation (DICGC), Foreign Exchange Department (FED), Internal Debt Management Department (IDMD), Legal Department (LD) and Right to Information (RIA) Division.

The release said that MK Jain will handle the Department of Supervision (DOS), Consumer Education and Protection Department (CEPD), Financial Inclusion and Development Department (FIDD), Human Resource Management Department (HRMD), HR Operations Unit (HR-OU), Premises Department (PD), Central Security Cell (CSC), and Rajbhasha Department.

Patra will look after the Monetary Policy Department including Forecasting and Modelling Unit (MPD/MU), Financial Markets Operations Department (FMOD), Financial Markets Regulation Department including Market Intelligence (FMRD/MI), International Department (Intl. D), Department of Economic and Policy Research (DEPR), Department of Statistics & Information Management (including Data and Information Management Unit) (DSIM/DIMU), Corporate Strategy and Budget Department (CSBD) and Financial Stability Unit.

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Agencies
January 11,2020

New Delhi, Jan 11: Senior Congress leader P Chidambaram on Friday said that he has never seen innocents like the Indian people, who believe the claims made by the government on the implementation of its programmes. The former Union Minister, addressing a literary event, said, "I have never seen innocents like the Indian people. If something appears on print (and named two newspapers also), we believe it. We believe anything."

Claims like all villages having been electrified in the country and toilets built for 99 per cent of families in India were being believed, he said.

Similar was the case of the Ayushman Bharat scheme, (Pradhan Mantri Jan Arogya Yojana or PM-JAY is a flagship health care scheme of the Centre), he alleged.

Stating that his Delhi-based driver's father had to get a surgery done under the scheme, he said, however, it could not be performed.

"I asked him (car driver) if he had the Ayushman card and he showed a card and I told him to take it (to hospital). In hospital after hospital, they said they were not aware of anything like that (Ayushman scheme). But we believe that the Ayushman scheme has come to the whole of India," he said.

Further, he said "we believe that for any disease, treatment will be done (indicating the Ayushman scheme) without shelling out money. We are being innocents."

Many news items and data were contrary to the truth, he added.

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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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