Call for 'adjustment' with Cong grows louder within CPI-M

Agencies
March 4, 2018

Kolkata, Mar 4: The trouncing of the CPI(M) in the Tripura Assembly elections has forced it to rethink strategies and increased the clamour within the party for an "adjustment" with the Congress, ahead of a crucial party meet next month.

The heavy defeat in Tripura has raised several questions within the CPI(M) on adopting the "right strategy" for survival, party leaders said.

The BJP-IPFT combine scripted history yesterday by winning the Tripura Assembly polls with a two-thirds majority, ending 25 years of uninterrupted rule of the CPI(M)-led Left Front in the state.

The BJP and the Indigenous People's Front of Tripura (IPFT) together won 43 seats. The CPI(M) won 16 seats and the Congress none.

CPI(M) politburo member Hannan Mollah said the party is facing one of the toughest situations following its defeat in Tripura, which has "forced us to rethink in a new way".

"We, in our draft resolution, have said we don't want any understanding with the Congress. But now, after the defeat in Tripura, it is a completely new situation where we have to rethink our strategies and political line," Mollah said.

The CPI(M) central committee had on January 21 voted against the draft political resolution put forward by party general secretary Sitaram Yechury proposing an alliance with the Congress.

It adopted a draft resolution, which will be placed before the party congress next month, ruling out any form of electoral alliance or adjustment with the Congress.

Asked if there was a possibility of changing the draft and incorporate "new options", Mollah said the issue needed to be discussed in the party congress, but there was always a chance of altering it after discussion.

Another CPI(M) politburo member, Mohammed Salim, said the party will discuss every aspect, including the defeat in Tripura, before adopting its "political-tactical line".

A senior central committee member, who did not wish to be named, told news agency that in the present situation there are "high chances" that a window will be left open for adjustment with the Congress.

"A middle path has to be sorted out to keep a window for adjustment with the Congress. We can't let the BJP derive benefits out of division among Left secular and democratic forces," the central committee member said.

Yechury, along with a large section of leaders from Bengal, has been vocal about adjustment with the Congress to stop the BJP.

Yechury's political line, however, has been vehemently opposed by the party's Kerala unit, along with politburo member Prakash Karat, known as a hardliner in the CPI(M).

"We can no longer afford to keep the Congress out of the broader unity of Left and democratic forces," a senior CPI(M) leader of Tripura, who also did not wish to be named, said.

According to CPI(M) sources, the Tripura results have given Yechury and the Bengal lobby a much-needed political ammo to push for bringing all secular democratic forces together, including the Congress, to take on the BJP.

A CPI(M) central committee member from West Bengal said the state unit has a clear understanding about the threats from the BJP.

"The Tripura unit also got the taste of BJP's divisive politics. But despite attacks from the RSS, the Kerala unit is yet to understand the magnitude of the threat the BJP poses," he said.

The CPI(M)'s allies, like the CPI, are in favour of the broader unity of secular forces, including the Congress.

West Bengal Congress president Adhir Chowdhury, who has been a big supporter of the Left-Congress alliance, said the CPI(M) has to behave pragmatically and needs to relook at its policies on the Congress before it is "too late".

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
June 16,2020

New Delhi, Jun 16: Delhi Health Minister Satyendar Jain on Tuesday said that he has been hospitalised after suffering from high-grade fever and a sudden drop in his oxygen level.

He tweeted to inform that he was admitted to the Rajiv Gandhi Super Speciality Hospital (RGSSH) here, a dedicated COVID-19 facility under the Delhi government.

"Due to high-grade fever and a sudden drop of my oxygen levels last night I have been admitted to RGSSH. Will keep everyone updated," Jain tweeted.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
July 3,2020

New Delhi, Jul 3: India reported the highest ever single-day spike of 20,903 COVID-19 cases in 24 hours on Friday, said the Union Ministry of Health and Family Welfare.

With these new cases, India's coronavirus tally has risen to 6,25,544 cases of which 2,27,439 patients are active cases while 3,79,892 patients have been cured/discharged/migrated.

379 more deaths due to COVID-19 were reported in the country in the last 24 hours, taking the number of deaths due to the infection to 18,213.

As per the Health Ministry, Maharashtra -- the worst-affected state from the virus -- has a total of 1,86,626 cases including 8,178 fatalities while Tamil Nadu has 98,392 coronavirus cases in the state inclusive of 1,321 fatalities.

Delhi has reported 92,175 cases so far inclusive of 2,864 patients succumbing to the virus.

The Indian Council of Medical Research on Friday said that the total number of samples tested till July 2 is 92,97,749 of which 2,41,576 samples were tested on Thursday.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
June 22,2020

Mumbai, Jun 22: After downgrading India's outlook to negative from stable, Fitch Ratings on Monday revised the outlook on nine Indian banks to negative.

The outlook on the Long-Term Issuer Default Ratings (IDR) was revised to negative from stable due to the banks' high dependence on the Centre to re-capitalise them.

Accordingly, the IDR outlook of the Export-Import Bank of India, the State Bank of India, the Bank of Baroda, the Bank of Baroda (New Zealand), the Bank of India, the Canara Bank, the Punjab National Bank, ICICI Bank and Axis Bank Ltd have been downgraded to negative.

"At the same time, Fitch has affirmed IDBI Bank Limited's (IDBI) IDR while maintaining the outlook at negative," Fitch said in a statement.

The rating actions follow Fitch's revision of the outlook on the 'BBB-' rating on India to negative from stable on June 18, due to the impact of the escalating coronavirus pandemic on India's economy.

"The IDRs for all the above Indian banks are support-driven and anchored to their respective SRFs," the statement said.

"They are based on Fitch's assessment of high to moderate probability of extraordinary state support for these banks, which takes into account our assessment of the sovereign's ability and propensity to provide extraordinary support."

According to the statement, the negative outlook on India's sovereign rating reflects an increasing strain on the state's ability to provide extraordinary support, due to the sovereign's limited fiscal space and the significant deterioration in fiscal metrics due to challenges from the COVID-19 pandemic.

"The rating action does not affect the banks' Viability Rating (VR). EXIM does not have a VR as its role as a policy bank makes an assessment of its standalone credit profile less meaningful."

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.