'Doors open’ for alliance in MP, seat sharing won't be ‘speed breaker’: Scindia

Agencies
June 10, 2018

New Delhi, Jun 10: Senior Congress leader Jyotiraditya Scindia has said his party's "doors are open" for an alliance in Madhya Pradesh and seat sharing will not be a "speed breaker" for like-minded parties to come together, remarks that come amid talk of a Congress-BSP tie-up for assembly polls in the state.

Scindia, who is the Madhya Pradesh Congress's campaign committee incharge for the assembly polls slated for later this year, also asserted that after a long time in the state all party leaders were working “unitedly and cohesively” to take on the Shivraj Singh Chouhan government.

In an interview to PTI, the MP from Guna said all like-minded parties must work together.

However, he said, the like-mindedness has to be based on a fundamental precept of values and vision which was for a liberal, secular and a progressive India that ensures that every citizen joins the mainstream to take the country to its rightful place in the comity of nations.

"And I think if that is our fundamental understanding of each other, and our values and our philosophies, then I think something like ticket sharing is not going to be a speed breaker in like-minded parties coming together," said Scindia, who was among the few prominent leaders from the Congress to win in the last Lok Sabha polls.

Asked about Congress’s possible alliance with the Bahujan Samaj Party in Madhya Pradesh, he said his party’s "doors are open" and it was ready for having "conversations" with other parties, but asserted that there should be a clear understanding of what the ultimate goal is.

"And if it (the goal) is to establish a government that serves the people, unlike what the NDA has done, then certainly in states where any of those partners are strong, that rightful place of strength has to be given to that partner, but at the same time, the larger, the more stronger partner, has to ensure that an equal amount of respect and dignity is also given in terms of taking the whole coalition along," he said.

Scindia said this principle of an alliance would apply to all states irrespective of which party is in the position of strength.

He said the Congress' main battle cry for the assembly election in Madhya Pradesh would be “It’s time for change, and the time is now”.

He said a win in the assembly polls in Madhya Pradesh, Rajasthan, Chhattisgarh and Mizoram would certainly change the dynamics for the Congress party in 2019 and provide a "huge momentum" to it ahead of the general elections.

"Alternatively, if we don't do that well, it certainly will be a dampener going into 2019. So for us, it is imperative that we form governments in all four of these states," the 47-year-old leader said.

Asked about Madhya Pradesh Chief Minister Shivraj Singh Chouhan dubbing the Congress a divided house, Scindia asserted that there was no disunity in the party ranks.

The Congress in April had appointed senior leader Kamal Nath as president of its Madhya Pradesh unit and Scindia as the campaign committee chief ahead of elections in the state.

"After a long time in Madhya Pradesh all party leaders are working unitedly and cohesively to ensure that this battle, which is not a battle for the Congress, it’s not a battle for the BJP, but it is really a battle for the future of Madhya Pradesh, (is won).

"People have seen that in the last six to eight months how the Congress has been working together. So I think Shivraj Singh Chouhan should worry about his own party rather than being so concerned about the Congress. But, I really thank him for his concern for my party," Scindia said.

The former Union minister said he was “very confident” that the people of Madhya Pradesh have decided to get rid of the BJP government and Congress President Rahul Gandhi’s rally last week was a testament to that.

“I don't think the people of Madhya Pradesh can wait any longer. We've had 15 years of false promises. We have had 15 years of ‘ghoshnas’ (announcements). Every single citizen in Madhya Pradesh today is exasperated, is frustrated, is tired, is angry," Scindia said.

Asked about the Congress’s campaign strategy in the state and whether a Modi campaign blitz could be a game-changer, he said he believes whether it is the “Modiji factor or the Shivraj ji factor”, what will ultimately matter will be the people's factor.

On the issue of alleged voters list discrepancies in Madhya Pradesh, he said his party had raised the matter with the election commission.

“I have great belief in our institutional democracy and the election commission that it is imperative that the voter list that comes out on July 31, only comes out after all due corrections are made based on the facts that we have presented.

“If that means that voter list printing and presentation gets delayed by a while, so be it,” he said.

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News Network
February 21,2020

Washington, Feb 21: Days ahead of his India visit, US President Donald Trump on Thursday said the two countries could make a "tremendous" trade deal.

"We're going to India, and we may make a tremendous deal there," Trump said in his commencement address at the Hope for Prisoners Graduation Ceremony in Las Vegas.

Trump, accompanied by First Lady Melania Trump, is scheduled to travel to Ahmedabad, Agra and New Delhi on February 24 and 25.

Ahead of the visit, there have been talks about India and the United States agreeing on a trade package as a precursor to a major trade deal.

During his commencement address, Trump indicated that the talks on this might slowdown if he did not get a good deal.

"Maybe we'll slow down. We'll do it after the election. I think that could happen too. So, we'll see what happens," he said.

"But we're only making deals if they're good deals because we're putting America first. Whether people like it or not, we're putting America first," Trump said.

Bilateral India-US trade in goods and services is about three per cent of the US' world trade.

In a recent report, the Congressional Research Service (CRS) said the trading relationship is more consequential for India -- in 2018 the United States was its second largest goods export market (16.0 per cent share) after the European Union (EU, 17.8 per cent), and third largest goods import supplier (6.3 per cent) after China (14.6 per cent) and the EU 28 (10.2 per cent).

"The Trump Administration takes issue with the US trade deficit with India, and has criticised India for a range of 'unfair' trading practices," the CRS said.

"Indian Prime Minister Modi's first term fell short of many observers' expectations, as India did not move forward with anticipated market opening reforms, and instead increased tariffs and trade restrictions," it said.

"Modi's strong electoral mandate may embolden the Indian government to press ahead with its reform agenda with greater vigour. Slowing economic growth in India raises concerns about its business environment," CRS said.

As per a fact sheet issued by the Council on Foreign Relations (CFR), trade in goods and services between the two countries from 1999 to 2018 surged from $16 billion to $142 billion.

India is now the United States' eighth-largest trading partner in goods and services and is among the world's largest economies.

India's trade with the United States now resembles, in terms of volume, the US' trade with South Korea ($167 billion in 2018) or France ($129 billion), said Alyssa Ayres from CFR.

"The United States for two years now has set out in stone pretty clearly the things that they wanted to see to try to get an agreement, and it's basically then on India's doorstep on whether they want to take those steps," Rick Rossow, Wadhwani Chair in US-India Policy Studies at the Center for Strategic and International Studies think-tank told reporters during a conference call.

"The list of US asks has been pretty static all throughout. Not to say that any of these things are easy for India to do, but the United States to my knowledge didn't change the goalposts just because we now consider India to be a middle-income country. The things that we wanted to see happen to get this trade agreement have been pretty static all throughout, no matter how difficult they are," he said in response to a question.

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News Networkwork
May 14,2020

Bengaluru, May 14: ABB India has posted a profit after tax of Rs 66 crore during the first quarter (January to March) due to lower volumes including service revenue and unfavourable mix.

In Q1 CY19, it had reported a profit after tax of Rs 89 crore. ABB India follows calendar year as its fiscal year.

The company reported a profit including exceptional items and before tax of Rs 87 crore. The resultant under-absorption and mark-to-market impact due to forex volatility were partly offset by refund incomes and a one-time gain on sale of solar business during the quarter.

Revenues for the first quarter stood at Rs 1,522 crore, impacted by lower sales, non-receipt of delivery clearance, lower service revenue in the nationwide lockdown due to the COVID-19 pandemic. This impact primarily occurred in March, the company said in a statement.

ABB India said it continues to maintain a stable cash position of Rs 1,464 crore as on March 31 in a market where cash collection continues to be a challenge.

Besides, despite many activities coming to a standstill in March, the quarter was marked by commissioning for a mining major at Raigarh in Chhattisgarh, electrical and automation systems for a cement major and port and electrics, drives and automation for a leading mill in Bangladesh.

Terminal installation and commissioning for LPG, power management electrical control system for a leading refinery and commissioning of two units of a power plant in Kerala are some of the other projects where ABB's involvement ensured continuity and safe operations, it said.

On a global scale, the impact of COVID-19, as well as the fall in oil prices, has significantly impacted the short-term outlook. The global economy is expected to contract in 2020 after a rapid deterioration in outlook driven by the pandemic.

Despite unprecedented stimuli by governments and central banks around the world and initial signs of recovering economic activity in China, macro-indicators point to a global recession of uncertain duration as many countries continue to face restrictions with anticipated long-term economic consequences, said ABB India.

While the company is taking prompt action to adapt its operations and cost base to safeguard profitability, it expects the results in the coming quarter to be impacted due to the loss of volumes.

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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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