Won't support AAP again in Delhi, ready for election: Cong

May 18, 2014

New Delhi, May 18: Delhi Congress today said it will prefer fresh election in the city then supporting the Aam Aadmi Party again to form a government as favoured by a section of AAP MLAs following the drubbing in Lok Sabha polls.cong aap

Chief Spokesperson of Delhi Congress Mukesh Sharma said AAP has no moral right to talk about formation of a government in Delhi again after it went to the Supreme Court seeking dissolution of the assembly and demanding fresh election.

"There is no question of extending support to AAP to form a government again. Arvind Kejriwal had deserted people of Delhi by resorting to theatrics. He had gone to the Supreme Court seeking dissolution of the House. We will not support the party again," Sharma said.

After its spectacular performance in the assembly polls, the AAP drew a blank in the Lok Sabha polls though its candidate came second in all the seven constituencies relegating all the sitting Congress MPs including Kapil Sibal, Ajay Maken and Krishna Tirath to the third position.

"Congress never withdrew support to AAP government. Kejriwal quit the government and left the people of Delhi in a lurch to gain political mileage in the Lok Sabha polls. As they did not succeed in the Lok Sabha polls, they are talking about forming government again," said Sharma.

In the Lok Sabha polls, BJP not only won all the seven seats but also came first in 60 assembly segments out of 70 while AAP occupied top position only in 10 assembly segments.

Following the party's dismal performance, some MLAs of the AAP yesterday had mooted a proposal for the party to once again form government in Delhi, with support from either the Bharatiya Janata Party (BJP) or the Congress.

A section in the party feels that it should not opt for going to polls immediately and should explore forming the government again.

Sources in AAP said majority of sitting MLAs in the party did not want to fresh election immediately thinking the "Modi wave" may flatten them all if polls are held anytime soon.

Accusing Kejriwal of "helping" BJP by ensuring "division of secular votes" in Delhi and elsewhere, Sharma also did not rule out the possibility of some AAP MLAs defecting to the saffron party.

"Kejriwal has been helping BJP. He ensured BJP's sweep in Delhi through division of secular votes. There is a possibility of some AAP MLAs defecting to BJP. If that happens, then Kejriwal will be responsible," said Sharma.

He said notwithstanding Congress' poor show, the party was ready for fresh election.

"We are ready for elections," Sharma said.

The BJP has already said that it would prefer fresh election than forming a government through "manipulation".

"Kejriwal has been helping BJP. He ensured BJP's sweep in Delhi through division of secular votes. There is a possibility of some AAP MLAs defecting to BJP. If that happens, then Kejriwal will be responsible," said Sharma.

He said notwithstanding Congress' poor show, the party was ready for fresh election.

"We are ready for elections," Sharma said.

The BJP has already said that it would prefer fresh election than forming a government through "manipulation".BJP's vote share in Lok Sabha polls in the city had also jumped to 46.1 per cent from 33.07 per cent in the assembly polls.

AAP's vote share had also went up to 32.9 per cent in the Lok Sabha polls from 29.49 per cent it had received in the assembly polls in December last year.

The Congress vote share had come down drastically from 24.55 per cent to 15.1 per cent.

The AAP had won 28 seats in its debut assembly elections in December last year and had later formed the government with outside support from the Congress' eight MLAs.

The BJP along with its all Akali Dal’s one MLA had won 32 seats in the 70-member assembly. The government led by Kejriwal resigned after the party's pet project—the Janlokpal Bill—could not be passed due to opposition from the BJP and the Congress.

This, however, apparently did not go down well with the people of Delhi and led to the party's lacklustre performance in Lok Sabha polls.

The AAP had filed a petition in the Supreme Court two months back challenging the decision of the Centre not to dissolve the Delhi Assembly after Kejriwal government quit office.

Lieutenant Governor Najeeb Jung had not favoured dissolution of the 70-member Delhi Assembly as recommended by the Council of Ministers headed by Kejriwal and kept the Assembly in suspended animation.

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Agencies
June 2,2020

Singapore, Jun 2: Moody's Investors Service on Tuesday downgraded 11 Indian banks along with as many non-financial companies and infrastructure majors besides four government-related issuers following a downgrade of the Indian government's issuer rating to Baa3 from Baa2 with a negative outlook.

The rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, volatile oil prices and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets, said Moody's.

The Indian banking sector has been affected given the disruptions to India's economic activity from the coronavirus outbreak, which is weakening borrowers' credit profiles, it added.

The 11 lenders include Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Export-Import Bank of India, HDFC Bank, Indian Overseas Bank, IndusInd Bank, Punjab National Bank, State Bank of India and Union Bank of India.

The 11 non-finance companies are Oil and Natural Gas Corporation, Hindustan Petroleum Corporation, Oil India, Indian Oil Corporation, Bharat Petroleum Corporation, Petronet LNG, Tata Consultancy Services, Infosys, Reliance Industries, UPL Corporation and Genpact.

The 11 infrastructure companies are NTPC, NHPC, National Highways Authority of India, Power Grid Corporation, Gail India, Adani Green Energy Restricted Group (RG-2), Adani Transmission Restricted Group, Adani Ports and Special Economic Zone, Adani Transmission, Adani Electricity Mumbai and Azure Power Solar Energy.

The four Indian government-related issuers are Indian Railway Finance Corporation, Housing and Urban Development Corporation, Power Finance Corporation and REC Ltd.

"Government-related issuers in India have been affected because of disruptions to India's economy which will weaken borrowers' credit profiles," said Moody's.

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Agencies
March 25,2020

New Delhi, Mar 25: The Indian Rail Catering and Tourism Corporation (IRCTC) on Wednesday appealed to the people not to cancel their e-tickets on their own in case of trains being cancelled by the national transporter due to nation-wide lockdown to help curb the spread of novel coronavirus pandemic.

Clearing the doubts of the railway passengers, IRCTC spokesperson Siddharth Singh said, "Doubts have been raised regarding cancellation of e-tickets subsequent to the halting of railway passenger trains.

"It may be submitted that for trains cancelled by the railways in its complete run, refund on e-tickets is full and automatic. In this case, no cancellation exercise is required to be done on the part of the user," he said.

The IRCTC official said that if user cancels his e-ticket in situations of train cancellations, there are chances he may get "less refund". "Hence passengers are advised not to cancel e-tickets on their own for those trains which have been cancelled by the railways," he said.

He also said that the refund amount will be credited to the user account used for booking e-tickets automatically and no charges will be deducted by the railways in case of train cancellation.

His remarks came as the national transporter announced the suspension of the passenger, mail and express services from March 23 till March 31. However, the railways extended the suspension of services till April 14 in the wake of the three week lockdown announced by Prime Minister Narendra Modi from March 25 during his second special address to the nation on Tuesday night.

The railways has cancelled over 13,600 passengers trains across the country in a bid to combat the spread of novel coronavirus. Only freight trains are running to ensure the supply of essential services. About 9,000 freight trains are transporting essential items every day across the country.

On Wednesday, India recorded 562 cases of COVID-19 with 10 deaths.

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Agencies
March 8,2020

Mumbai, Mar 8: A day after the Enforcement Directorate registered a money laundering case against Yes Bank founder Rana Kapoor and raided his premises, he was taken to the agency's office in Mumbai on Saturday for further questioning.

Kapoor, who was grilled by central agency's officials on Friday night at his Samudra Mahal residence in Mumbai, was shifted to the ED office in the metropolis around 12.30 pm.

ED officials said Kapoor was questioned throughout the night, with some rest time.

A senior ED official connected with the probe told IANS: "Kapoor will be questioned about Yes Bank loans to Dewan Housing Finance Limited (DHFL)."

The official said that during searches a lot of incriminating documents were found and the agency wanted to grill him on his links with DHFL promoters and other companies.

Kapoor's alleged role in the disbursal of loan to a corporate entity and kickbacks reportedly received in his wife's bank account are also under probe.

The ED had filed the money laundering case against Kapoor and raided his residence, apart from issuing a look-out circular so that he does not flee the country.

The ED registered a money laundering case against Kapoor as a continuation of its probe against the DHFL wherein it was allegedly found that Rs 12,500 crore was diverted to 80 shell companies using one lakh fake borrowers. The transactions with these shell companies date back to 2015.

An ED official in New Delhi told IANS that the DHFL probe revealed that funds diverted by the DHFL originated from Yes Bank.

He said that the searches at Kapoor's residence on Friday night were meant to find out any irregularity in grant of loans to the DHFL by the Yes Bank.

The ED has accused Kapil and Dheeraj Wadhawan of DHFL of purchasing shares in five firms -- Faith Realtors, Marvel Township, Abe Realty, Poseidon Realty, and Random Realtors -- after which they were amalgamated with Sunblink.

The outstanding loans of these five firms, totalling around Rs 2,186 crore till July 2019, were allegedly appropriated onto the books of Sunblink to cover up the diversion of loans acquired from DHFL.

The ED's action comes after the RBI superseded Yes Bank Board for 30 days and appointed an administrator, putting a cap of Rs 50,000 on withdrawals by account holders for a month.

The RBI said that the bank's board was superseded "owing to serious deterioration in the financial position of the bank".

Former SBI CFO Prashant Kumar was appointed as administrator of Yes Bank, which has over 1,000 branches and 1,800-plus ATMs across the country.

On Thursday, Union Finance Minister Nirmala Sitharaman said that the bank was on watch since 2017 and developments relating to it were monitored on a day-to-day basis.

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