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
May 5,2020

New Delhi, May 5: India registered the biggest jump in numbers of COVID-19 cases and deaths, with 3,900 new cases and 195 deaths being reported in the last 24 hours, according to the Ministry of Health and Family Welfare on Tuesday.

"3,900 COVID-19 cases and 195 deaths have been reported in the last 24 hours, the largest spike till now in both," according to the Ministry of Health and Family Welfare.

The total number of confirmed coronavirus cases in India reached 46,433, including 1,568 deaths, according to the Union Ministry of Health and Family Welfare on Tuesday.

According to the latest update by the MoHFW, 12,727 patients in the country have been cured and discharged, or have migrated, as of today morning. At present, there are 32,138 active cases in the country.

Maharashtra with 14,541 cases is the worst-affected state by the disease, while Gujarat with 5,804 cases is second on the list.

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Agencies
February 11,2020

New Delhi, Feb 11: People of Delhi have explained the true meaning of nationalism through their mandate, AAP's prominent face Manish Sisodia said as he clinched victory on the Patparganj seat.

Sisodia, who retained his seat for the third time, said the BJP indulged in "politics of hate", but people refused to be divided.

"I am happy to have won the Patparganj seat again. The BJP indulged in politics of hate, but I thank the people of Patparganj. Today, Delhi's people have chosen a government which works for them and explained the true meaning of nationalism through their mandate," he told reporters.

Sisodia, who was the Deputy Chief Minister and led the government's education reforms agenda, defeated BJP's Ravinder Singh Negi by a margin of over 3,500 votes.

The initial trends saw a seesaw battle between Sisodia and Negi.

In 2013, Sisodia had won by a margin of 11,000 votes and in 2015 by over 28,000 votes.

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Agencies
March 15,2020

Financially troubled Yes Bank on Saturday reported a standalone net loss of ₹ 18,560.31 crore for the third quarter of the financial year 2019-20. This is amongst the biggest losses reported by the India Inc.

At present, the private lender is under a moratorium and is controlled by the office of the administrator appointed by the RBI.

The bank had reported a net profit of ₹1,001.85 crore during the corresponding period of the previous financial year.

Besides, the bank's total income fell to Rs 6,268.50 crore from Rs 8,849.81 crore earned during the October-December quarter of the previous fiscal.

On consolidated basis, Yes Bank reported a net loss of ₹18,564.24 crore for the December quarter from a net profit of Rs 1,000.57 crore in the corresponding period of the previous fiscal.

The independent auditor's review report on the consolidated results pointed out that there is a "material uncertainty related to going concern" of the bank.

"The said assumption of going concern is dependent upon the degree of success of the final reconstruction scheme, the quantum of capital infused into the bank and the bank's ability to stabalise its deposit balances post withdrawal of the moratorium by the RBI. Our conclusion is not modified in respect of this matter," the auditor said.

Furthermore, the bank recognised additional loans of ₹ 5,150.2 crore as NPAs and related provisioning requirements of ₹772.5 crore for the quarter ended December 31, 2019.

The bank has recognised an additional provisions of ₹15,422.0 crore in the quarter ended December 31, 2019.

Last week, the RBI placed Yes Bank under moratorium and capped the withdrawal limit at ₹50,000 till next Wednesday.

Additionally, the central bank also superseded Yes Bank's board of directors and appointed former SBI CFO Prashant Kumar as its administrator.

Meanwhile, Kumar has been appointed as the new Chief Executive Officer of the financially troubled lender. He will take over his new responsibilities once the moratorium on the stressed lender is lifted on Wednesday.

Apart from Kumar, Sunil Mehta, former non-executive Chairman of Punjab National Bank, will take over as the non-executive Chairman of Yes Bank.

Other board members include Mahesh Krishnamurthy and Atul Bheda, both as non-executive Directors.

Additionally, six private lenders have joined the SBI to rescue Yes Bank with Federal Bank committing ₹300 crore by subscribing to 30 crore shares of ₹2 each at a premium of ₹8 per equity share.

The six private lenders have now committed an investment of ₹3,700 crore in the cash-strapped private sector bank.

On Friday, ICICI Bank and Housing Development Finance Corporation (HDFC) Ltd had announced that they will be investing ₹1,000 crore each in Yes Bank's equity. Axis Bank and Kotak Mahindra Bank will be investing ₹ 600 crore and ₹500 crore, respectively, while Bandhan Bank will invest ₹300 crore.

The SBI board has already approved up to 49 per cent stake purchase in Yes Bank, as per the RBI's reconstruction scheme for the lender. It had said on Thursday that an investment of ₹7,250 crore would be made in Yes Bank to pick up₹ 725 crore equity shares.

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