Congress CMs wary of sharing dais with PM Narendra Modi

August 21, 2014

New Delhi, Aug 21: Shaken by the booing of their Haryana counterpart Bhupinder Singh Hooda on Tuesday, Congress chief ministers are wary of sharing the dais with Prime Minister Narendra Modi in election-bound states, fearing that BJP would use these events to embarrass them by orchestrating protests.

CM Prithviraj ChavanMaharashtra CM Prithviraj Chavan has decided to skip a function in Nagpur where he was to lay the foundation of Metro with Modi on Thursday. At the same time, Jharkhand chief minister Hemant Soren has asked the PMO to ensure that he is not put in an embarrassing position when he joins Modi at a function in Ranchi on Thursday.

Chavan announced his decision to skip the foundation-laying ceremony of Nagpur Metro, pointing to a pattern in the booing of Hooda and his own experience at an earlier event with the PM in Solapur where Modi chose to attack the now-dislodged UPA government.

"In my opinion, the recent incidents in Solapur and Haryana in the presence of Modi had adverse impact on our federal structure. Under such circumstances, I decided not to attend the Nagpur event,'' Chavan told reporters.

The concern of CMs coincide with Congress's resentment over the Kaithal incident where Hoodda was heckled with Modi by his side. Congress circles feel the protest was organized by the BJP to paint rival CMs as unpopular, and could be part of a saffron strategy in poll-bound states where BJP is on a strong wicket electorally.

In fact, much before Chavan announced his decision, Congress managers started mounting pressure on the party leadership to direct its CMs to keep an arm's length from Modi till the elections. A party leader said Sonia Gandhi was apprised of the concern in writing.

Maharashtra, Jammu and Kashmir, Jharkhand and Haryana are set for assembly polls later this year and most of the PM's visits are focused on these states.

BJP, however, dismissed Congress's decision as a political antic meant to cover up the discontent facing them. "Our government respects all CMs — be it ours or of other parties. When the PM goes somewhere, the CM sits next to him and he (PM) accords all due respect to him. But if the people are angry with the CMs, what can the government do about it," BJP spokesperson Shahnawaz Hussain said.

"The situation in Maharashtra and Haryana is such that the CMs are not ready to face the public. When public asks questions from them, they demand answers. People in Haryana seem to be angry with Hooda and that is not our fault. Hooda should introspect," Hussain added.

His colleague Sudhanshu Trivedi further said, "BJP workers are, of course, expected to exercise restraint but Congress is fooling itself by passing off the protest against Haryana CM as something which was staged by his political opponent. What happened at Kaithal was a spontaneous eruption of public grievance against 10 years of the worst kind of corruption and usurpation of farmers' land by Hooda government for its masters and favourite businessmen."

He added, "Congress would have done itself a service by engaging in self-introspection rather than decide to skip PM's function and play victim to garner sympathy which is not there.. Those who are in public life should be take adulation and protest in the same stride."

Trivedi also said BJP never displayed such synthetic outrage during the years Congress was in power.

AICC general secretary Shakeel Ahmed justified the concern expressed by the Jharkhand CM. "There is a political design behind the incidents. PM is visiting Jharkhand on Thursday and CM Soren should be cautious. It's not only about Congress CMs. All self-respecting CMs of the Opposition should avoid political functions of Modi, which are being held in the name of public functions," he said.

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March 27,2020

Mumbai, Mar 27: The RBI on Friday put on hold EMI payments on all term loans for three months and cut interest rate by steepest in more than 11 years as it joined the government effort to rescue a slowing economy that has now got caught in coronavirus whirlwind.

The Reserve Bank of India (RBI) cut repo to 4.4 per cent, the lowest in at least 15 years. Also, it reduced the cash reserve ratio maintained by the banks for the first time in over seven years. CRR for all banks was cut by 100 basis points to release Rs 1.37 lakh crore across banking system.

The reverse repo rate was cut by 90 bps to 4 per cent, creating an asymmetrical corridor.

RBI Governor Shaktikanta Das predicted a big global recession and said India will not be immune.

It all depends how India responds to the situation, he said.

Global slowdown could make things difficult for India too, despite some help from falling crude prices, Das said, adding food prices may soften even further on record crop production.

Aggregate demand may weaken and ease core inflation further, he noted.

The liquidity measures announced include auction of targeted long-term repo operation of 3 year tenor for total amount of Rs 1 lakh crore at floating rate and accommodation under Marginal Standing Facility to be increased from 2 per cent to 3 per cent of Statutory Liquidity Ratio (SLR) with immediate effect till June 30.

Combined, these three measures will make available a total Rs 3,74,000 crore to the country's financial system.

After cutting policy rates five times in 2019, the RBI had been on a pause since December in view of high inflation.

The measures announced come a day after the government unveiled a Rs 1.7 lakh crore package of free foodgrains and cash doles to the poor to deal with the economic impact of the unprecedented 21-day nationwide lockdown.

While the Monetary Policy Committee (MPC) of the RBI originally was slated to meet in the first week of April, it was advanced by a week to meet the challenge of coronavirus.

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Agencies
July 2,2020

Lucknow, Jul 2: Senior BJP leader Uma Bharti Thursday appeared in person before a special court here conducting trial in the 1992 Babri mosque demolition case.      

The special CBI court is currently recording the statements of 32 accused under CrPC section 313 (court's power to examine the accused), a stage in the trial that follows the examination of prosecution witnesses.

The 61-year-old saffron clad BJP leader is the 19th accused to depose before the court in the over 27-year-old case. Thirteen other alleged accused, including former deputy prime minister LK Advani and senior BJP leaders MM Joshi and Kalyan Singh are yet to be examined at this stage. Their lawyers have indicated to the CBI court that they prefer to appear through video conferencing. 

The mosque in Ayodhya was demolished in December 1992 by 'kar sevaks' who claimed that an ancient Ram temple had stood on the same site. The CBI court is conducting day-to-day hearings to complete the trial by August 31, as directed by the Supreme Court.

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Agencies
July 21,2020

New Delhi, Jul 21: The Supreme Court has asked the Ministry of Finance to look into a plea which claimed a loss of hundreds of crore every day, as the public sector banks are not invoking personal guarantees of big corporates who have defaulted on loans.

A bench comprising Justice R. F. Nariman and Navin Sinha asked the petitioners, Saurabh Jain and Rahul Sharma, who filed the PIL, to move the Finance Ministry with a representation within two weeks. The top court observed that the issue is important and the ministry should respond after the petitioner has made the representation before it. The matter had come up for hearing on Monday.

"We are of the view that at page 115 of the Writ Petition it has been made clear that the Ministry of Finance itself has, by a Circular, directed personal guarantees issued by promoters/managerial personnel to be invoked. According to the petitioners, despite this Circular, Public Sector Undertakings continue not to invoke such guarantees resulting in huge loss not only to the public exchequer but also to the common man", said the bench in its order.

Senior advocate Manan Mishra and advocate Durga Dutt, represented the petitioners.

Mishra contended before the bench that the statistics establish the public sector banks incurred a loss of approximately Rs 1.85 lakh crore in a financial year, and the banks did not take action to invoke personal guarantees of the biggest corporate defaulters.

The bench observed that since the petitioners claim the public sector undertakings are not complying with this circular, "We think you should first go to the ministry," said the bench.

Mishra argued before the bench that the loans from a common man are recovered through a mechanism where officials go through even the minutest detail, but promoters, chairpersons and other senior level functionaries of the big corporates find it convenient to get away by defaulting on loans.

The bench told the petitioner's counsel that the Finance Ministry has already issued a notification on this matter, and the petitioners should seek response from the ministry, and then move the top court. Mishra submitted before the bench to issue a direction to the Finance Ministry to give a response on their representation.

The bench said, "We allow the petitioners, at this stage, to withdraw this Writ Petition and approach the Ministry of Finance with a representation in this behalf. The representation will be made within a period of two weeks from today. The Ministry of Finance is directed to reply to the said representation within a period of four weeks after receiving such representation. With these observations, the petition is allowed to be withdrawn to do the needful."

Mishra contended before the bench seeking liberty to come back after a reply from the Finance Ministry. Justice Nariman said this option is open for petitioners after a decision has been taken by the ministry. "We will hear you", added Justice Nariman.

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