Veiled attack on Team Rahul by section of Cong leaders

May 22, 2014

New Delhi, May 22: In a veiled attack on 'Team Rahul' over Congress' poll debacle, a section of party leaders today said only those having experience of field work should be given "leadership posts" and wanted a "ruthless introspection" to help it bounce back.RaGa

Congress leader Milind Deora, who had yesterday said that Rahul Gandhi's advisers did not have their "ears to the ground" and those with "no electoral experience" were "calling the shots", today stuck to his stand, saying his comments are borne out of deep loyalty to the party and pain due to its performance in the polls.

"My comments are out of emotions of deep loyalty to the party, pain of our performance & a sincere desire to see us bounce back. Nothing more," Deora said on Twitter.

In comments that stoked a blame game within the party and appearing to question 'Team Rahul', he said, "Field party work & electoral battles are key to comprehend ground realities. This should form the basis for leadership posts in Congress."

Senior party leader Satyavrat Chaturvedi appeared to be in agreement with the views expressed by Deora and hoped that an "honest and ruthless introspection" is carried out to rectify the problems.

Chaturvedi said while whatever Deora stated might not be fully correct but "large portion of what he said is correct".

The remarks are considered significant in the wake of a growing perception in the party that a number of people with no electoral experience and novices in politics were given key roles in shaping up the decisions of the leadership on issues like campaigning and alliances.

AICC Secretary Priya Dutt, who met Congress President Sonia Gandhi today, also talked of a "disconnect" of the party leaders with the people.

"We need to bridge that gap. We need to bring that right upto the leadership. There is a lot of criticism. We have to look at where we have gone wrong in the past ten years," she said.

Both Deora and Dutt lost the elections in Mumbai.

They are considered to be part of Rahul's team and it may be mentioned that Deora's assertions in the past on some issues were also followed up by action taken by the Congress Vice President.

Senior Congress leader Capt Amarinder Singh, however, said the Congress should take "collective responsibility" for the rout in which the party got just 44 seats.

NCP leader Majid Memom said Deora's remarks signify that he has indirectly commented on Rahul also.

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News Network
July 1,2020

Jul 1: Gold prices in India hit an all-time high on Wednesday, tracking a global rally, as surging coronavirus cases in many countries raised the metal's safe-haven appeal.

Local gold futures hit an all-time high of Rs 48,871 ($646.66) per 10 grams in early trade, taking their gains to 25% in 2020 so far. The contract had gained nearly 25% in 2019.

However, this dampened the retail demand for gold in India, the world's second-largest consumer of the precious metal.

"Retail demand is negligible. Buyers are postponing purchases anticipating a correction in prices," said a Mumbai-based bank dealer with a bullion importing bank.

In thin trade, dealers were offering a discount of up to $22 an ounce over official domestic prices on Wednesday afternoon, up from the last week's $18. The domestic price includes a 12.5% import tax and 3% sales tax.

The country's gold imports in May plunged 99% from a year earlier as international air travel was banned and jewellery shops were closed amid a nationwide lockdown to curb the spread of coronavirus.

In overseas market, spot gold firmed near an eight-year peak on Wednesday, as a spike in coronavirus cases in the United and States and many other countries has cast a shadow on hopes for a quicker global economic recovery, driving inflows into safe-haven assets.

According to a latest Reuters tally, the coronavirus has infected more than 10.48 million people worldwide so far.

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Agencies
March 9,2020

Mumbai, Mar 9: The mayhem in domestic stock markets deepened with the BSE Sensex falling over 2,400 points and the Nifty50 trading below 10,400 points.

The plunge in the domestic indices was in line with the global markets on persistent fears of economic impact of the coronavirus epidemic.

Stocks of Reliance Industries registered the biggest fall in over 10 years as it fell to Rs 1,094.95 per share. At 1.34 p.m., it was trading at Rs 1,100, lower by Rs 170.05 or 13.39 per cent from its previous close. The stock fell most since October 2008.

The benchmark index of BSE Sensex was trading at 35,232.67 points, lower by 2,343.95 points or 6.24% from the previous close of 37,576.62 points. 

It had opened at the intra-day high of 36,950.20 and has so far touched a low of 35,109.18.

The Nifty50 on the National Stock Exchange was trading at 10,314.25 points, lower by 675.20 points or 6.14% from the previous close. 

It was a sell-off across sectors, led by financial, metal, energy and IT stocks - which weighed on the markets.

Further, crude oil prices also slumped around 30% on Monday as Organization of Petroleum Exporting Countries (OEPC) failed to agree on an output cut deal, eventually causing Saudi Arabia to cut its prices as it is likely to increase its production. Saudi Arabia's stance has already raised concerns of an all-out price war.

Brent crude futures are currently trading around $34 per barrel.

On Saturday, Saudi Arabia announced massive discounts to its official selling prices for April, and the nation is reportedly preparing to increase its production above the 10 million barrel per day mark, according to reports.

As per analysts, the oil market witnessed the worst price fall on Monday since the 1991 Gulf War.

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Agencies
June 9,2020

New Delhi, Jun 9: BJP leader Jyotiraditya Scindia and his mother Madhavi Raje Scindia have tested positive for COVID-19 and are currently undergoing treatment in a Delhi hospital, India Today reported on Tuesday.

They were admitted on Monday to Max Super Specialty Hospital, Saket, after the two complained of throat irritation and fever.

"Not so good news: @JM_Scindia and his mother have tested positive for corona, The former Cong turned BJP leader from MP has been admitted to hospital.. Wish him a speedy recovery!" tweeted Rajdeep Sardesai, consulting editor at the India Today group.

Breaking now: Not so good news: @JM_Scindia and his mother have tested positive for corona, The former Cong turned BJP leader from MP has been admitted to hospital.. Wish him a speedy recovery!  @IndiaToday

— Rajdeep Sardesai (@sardesairajdeep) June 9, 2020

Scindia, former Congress MP from Guna constituency in Madhya Pradesh, quit the party and joined BJP last March. Scindia, who was once Minister of State with independent charge for Power, is the BJP candidate for the upcoming Rajya Sabha elections from Madhya Pradesh.

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