Vasundhara Raje no more 'Maharani' as she loses her raj to Cong

Agencies
December 11, 2018

Jaipur, Dec 11: Often seen in wispy 'bandhini' and 'lahariya' chiffons, trademarks of not just Rajasthan craft but also of royalty, Vasundhara Raje is a politician to the manner born, a careful mix of hauteur and reserve -- even in defeat.

The former royal, who is usually called Maharani, is expected to win her seat Jhalrapatan with a handsome margin but her party appeared headed for a loss to the Congress on Tuesday.

As results came in and her party's defeat seemed imminent, she visited the BJP headquarters here but did not make a comment. This was her second term as chief minister and, in keeping with the tradition of voters choosing the Congress and the BJP alternately, the ruling party looks set to lose power.

Trends showed a majority for the Congress, which was in the lead in 101 seats, miles ahead of its tally of 21 in 2013 when the BJP won a massive victory of 163 seats in the 200-member house.

Raje, the daughter of Jivaji Rao Scindia, the last reigning Maharaja of Gwalior, and Vijayaraje Scindia, a prominent BJP leader, ruled Rajasthan as chief minister from 2003-2008 and from 2013-2018 and was the leader of the opposition from 2008 to 2013.

The high-profile Raje, who blends well into the erstwhile land of kings and queens and grand forts, began her Rajasthan connect after her marriage into the erstwhile royal family of Dholpur in the eastern part of the state.

Equally fluent in both Hindi and English, the 65-year-old, known for her glamour quotient and as a crowd puller, was born on international women's day on March 8 and is known for speaking her mind on issues.

She slammed former JD(U) leader Sharad Yadav last week for body shaming her on the last day of campaigning by calling her fat and saying she needed rest.

"I feel insulted. This is the insult of women," Raje said, adding that she was "absolutely shocked" and did not expect such a comment from an experienced leader.

It is probably this matter of fact, candidness that has helped her overcome the many challenges in her political career.

The five-time parliamentarian's style of functioning is described as 'autocratic' by many, within and outside the BJP. Senior BJP legislator Ghanshyam Tiwari had openly criticised her and complained to the high command, demanding action against her. Eventually, it was he who had to part ways from the party in June this year.

Amid rumours of her differences with BJP president Amit Shah, Raje led the BJP's election campaign in the state and took out a Gaurav Yatra. The Congress termed it 'Vidai Yatra' but she was unperturbed.

The Jal Swavalamban Abhiyan, an initiative for making villages self-reliant in water conservation with the support of the public, is among the programmes her government came to be known for.

Despite her being a popular leader among masses, many complain that she continues to be imperious and does not keep in touch with common people.

Raje, who did her schooling from Presentation Convent, Kodaikanal, Tamil Nadu, graduated with honours in Economics and Political Science from Sophia College, University of Mumbai.

Her first brush with politics came in 1984 when she was made a member of the National Executive of the newly formed BJP. A year later, she was appointed a vice president of the Yuva Morcha, Rajasthan, BJP. The same year, she was elected a member of the 8th Rajasthan Assembly from Dholpur.

Raje was elected as MP from Jhalawar constituency in 1998 and also became the minister of state in the Ministry of External Affairs, working closely with then prime minister Atal Bihari Vajpayee.

Raje has been the member of parliament for five times and has held various portfolios, including Small Scale Industries and Agro and Rural industries.

Given that politics runs in the family, the four-time legislator's son Dushyant Singh is a BJP MP from Jhalawar.

Raje may have lost this election but will surely be back to fight another day.

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News Network
January 6,2020

Jan 6: Senior Bharatiya Janata Party leader Subramanian Swamy on Sunday said the country's economy is not showing good signs though Prime Minister Narendra Modi has manifested tremendous leadership skills in fighting terror and in social welfare projects.

The fiscal decisions of the government have not yielded the desired results, the Rajya Sabha MP said here.

"Modi had shown tremendous leadership skill in fighting terror, in several social areas, micro areas like bringing toilets to every village home. But the economy is a complex system...," he said while taking part in a discussion.

While every minister is talking about a 5 trillion dollar economy by 2024, but the current GDP growth has to be multiplied in four years to achieve that, the former Union minister said.

He said, if wages are slashed as a measure to cope with the situation, labor will become cheap but that will also cut down the people's purchasing power triggering dip in demand, closing down factories and rise in unemployment.

"This is one problem for which you really need an economist," he said.

Swamy said in jest, "I think Modi has one problem with me. Not only I am an economist but also a politician."

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News Network
June 1,2020

Jun 1: Gold prices rose on Monday as riots in major U.S. cities rattled investors already reeling from strained Sino-U.S. relations and boosted demand for the safe-haven metal, with a weaker dollar lending further support.

Spot gold gained 0.8% to $1,739.75 per ounce by 0242 GMT. U.S. gold futures ticked up 0.1% to $1,752.60.

"Concerns about the unrest in the United States at the moment appear to be weighing on market sentiment," said Michael McCarthy, chief strategist at CMC Markets, adding that rising tensions between the world's top two economies provided further support to gold.

Protesters have flooded the streets in the United States over the death of George Floyd in police custody, in a wave of outrage sweeping a politically and racially divided nation.

The closely packed crowds and demonstrators not wearing masks have sparked fears of a resurgence of COVID-19, which has killed more than 101,000 Americans.

In Asia, China's state media and the government of Hong Kong lashed out on Sunday at U.S. President Donald Trump's pledge to end Hong Kong's special status if Beijing imposes new national security laws on the city.

Gold is often used as a safe store of value during times of political and financial uncertainty.

Indicative of sentiment, holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.3% to 1,123.14 tonnes on Friday, a fresh seven-year high.

Further supporting gold's appeal, the dollar index fell 0.4% against its rivals.

Elsewhere, silver jumped 2% to $18.20 per ounce, its highest since Feb. 26, before retreating slightly to trade 1.8% higher at $18.16.

Speculators cut their bullish positions in COMEX gold and increased them in silver contracts in the week to May 26, the U.S. Commodity Futures Trading Commission said on Friday.

Palladium rose 0.7% to $1,958.25 per ounce, while platinum declined 0.3% to $835.56.

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News Network
March 5,2020

New Delhi, Mar 5: Retirement fund body EPFO on Thursday lowered interest rate on provident fund deposits to 8.5 per cent for the current financial year, said Labour Minister Santosh Gangwar on Thursday.

The EPFO had provided 8.65 per cent rate of interest on EPF for 2018-19 to its around six crore subscribers. The decision was taken at a meeting of the the Employees' Provident Fund Organisation's (EPFO) apex decision making body -- the Central Board of Trustee.

"The EPFO has decided to provide 8.5 per cent interest rate on EPF deposits for 2019-20 in the Central Board of Trustees (CBT) meeting today," Gangwar told reporters after the meeting here.

Now, the labour ministry requires the finance ministry's concurrence on the matter. Since the Government of India is the guarantor, the finance ministry has to vet the proposal for EPF interest rate to avoid any liability on account of shortfall in the EPFO income for a fiscal.

The finance ministry has been nudging the labour ministry for aligning the EPF interest rate with other small saving schemes run by the government like the public provident fund and post office saving schemes.

The EPFO had provided 8.65 per cent rate of interest to its subscribers for 2016-17 and 8.55 per cent in 2017-18. The rate of interest was slightly higher at 8.8 per cent in 2015-16.

It had given 8.75 per cent rate of interest in 2013-14 as well as 2014-15, higher than 8.5 per cent for 2012-13.

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