Post-CAG report, Congress wants Raman Singh to quit

April 11, 2012

quit

New Delhi, April 11: The Congress on Tuesday demanded the resignation of Chhattisgarh Chief Minister Raman Singh, citing the contents of a Comptroller and Auditor General's report that has indicted the State government for flouting norms in the award of a coal block to a firm owned by recently elected Bharatiya Janata Party (BJP) MP Ajay Sancheti who, the party said, is “close to BJP president Nitin Gadkari.” Interestingly, even BJP sources suggest that the two men have business dealings.

On Tuesday, Congress general secretary in-charge of Chhattisgarh B.K. Hariprasad, wheeled in the party's legislature party leader Ravindra Choubey and president in the State Nand Kumar Patel for a press conference here to highlight the CAG report, underscoring the fact that Mr. Raman Singh holds both the mining and power portfolios.

Mr. Hariprasad pointed out that while the BJP had, in Parliament, blocked proceedings demanding a discussion of leaked CAG reports on a range of issues, in Chhattisgarh, it had dismissed the CAG report as being of doubtful veracity.

‘Double standards'

He said: “It's a case of double standards. In Delhi, you demand discussions on CAG reports in Parliament. In Raipur, you don't allow them to be discussed. This is the height of shamelessness.”

For the Congress, which lost power in the State in 2003, the damning CAG report and the link between the beneficiaries of the scam and the BJP president and the State Chief Minister have come as manna from heaven, prompting the party to bring its battle to Delhi, hoping this will be the turning point in the run-up to the next Assembly polls in end-2013.

For Mr. Gadkari, under whose presidency the party has fared poorly electorally, the Chhattisgarh scam — and its possible link with him — has come at a bad time: this could cast a shadow over his chances of being re-elected president, when his term ends in December.

‘Open cast mine'

Meanwhile, the BJP sought to cover its embarrassment by disputing the veracity of the CAG report: the party's chief spokesperson Ravi Shankar Prasad told journalists here that Bhadgaon II Extension — the coal block in question — is an open cast mine where mining costs less. “It is a part open and part underground mine. It is also near a river and so a wall has to be built to work as a dam to keep out the water,” he said.

‘Baseless allegations'

Responding to the Congress attack on the BJP, Mr. Prasad said, “We will not engage in the kind of campaign that the Congress is involved in. These allegations are baseless. We understand the worries of the Congress. They are involved in so many scams. But they should also learn a little about how to read and write.”

Ambivalent answer

On the key question whether Mr. Sancheti and Mr. Gadkari are business partners, Mr. Prasad's answer was ambivalent: he said a leader from any party can also be a businessman, provided his dealings are transparent. He then added, “Neither was Gadkari president then [in 2008 when the tender was allotted] nor was Sancheti an MP. Gadkari was BJP Maharashtra unit president. He became BJP president one and-a-half years later in 2010.”

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News Network
January 1,2020

New Delhi, Jan 1: In the backdrop of huge losses borne by airlines, Aviation Minister Hardeep Singh Puri has said the government is concerned that more airlines will shut down if predatory pricing continues. "Some predatory pricing is taking place" in airfares, the minister told reporters on Tuesday. Mr Puri however ruled out any plan by the government to regulate airfares. The remarks come amid high competition in the country's aviation sector, struggling against high fuel prices and other operating costs.

"The interesting thing that we have observed is that on Delhi-Mumbai route 20 years ago, the average fare was Rs 5,100. Today, the average fare is Rs 4,600. Some predatory pricing is taking place. It means people are selling tickets below their cost," he said.

"One of our concerns is that if there is predatory pricing, then the airlines will stop functioning. This is not Air India's problem only. Jet Airways got shut down. Before that, it was Kingfisher airline," he said.

IndiGo and SpiceJet - two of the country's biggest airlines - reported losses of Rs 1,062 crore and Rs 463 crore respectively in the second quarter of 2019-20. Other airlines have also reported losses in the quarter that ended on September 30, 2019.

Asked if predatory pricing is the reason for the ill health of the airlines, the minister said, "No, there are many reasons... Predatory pricing is one of the factors. But the profitability of an airline is dependent on (a) number of things."

Asked if the trend of predatory pricing has come down after regular discussion with the airlines, he said, "Yes, absolutely."

"It is (a) constant battle. An ideal situation from an airline's point of view is that they grow and they are also able to charge more fares. What fares they charge is their business. Our advice to them is to charge realistic fares," he added. "It should not be too high. And it is not in your business interests if you are imposing predatory fares."

The minister also said that the government is not planning to regulate fares. "No regulation. It has to be done within deregulation system.... If I put a cap on fare, the airline will start charging that cap only... that cap will become the normal fare... So, within a deregulated structure, we have to bring about an equilibrium," the minister said.

"Government, periodically, at my level or at secretary''s level, we sit down with the main aircraft operators and tell them it is in your interest not to allow such practices which undermine the civil aviation sector."

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News Network
July 17,2020
New Delhi, Jul 17:  Congress leader Rahul Gandhi on Friday said that as India's COVID-19 tally has crossed 10,00,000 mark and issued a warning that by August 10, more than 20,00,000 people may be infected in the country. He called on the government to take concrete steps to control the pandemic.
 
Taking to Twitter, Gandhi marked his earlier tweet from July 14 that stated: "This week the figure will cross 10,00,000 in our country."
"The tally has crossed 10,00,000 mark. If COVID-19 continues to spread at the same speed, by August 10, more than 20,00,000 people will be infected in the country.
 
The government must take concrete, planned steps to stop the epidemic," he tweeted today.
With the highest single-day spike of 32,695 cases and 606 deaths, India's COVID-19 tally on Thursday reached 9,68,876, informed the Union Ministry of Health and Family Welfare on Thursday.
 
The total number of COVID-19 cases includes 3,31,146 active cases, 6,12,815 cured/discharged/migrated and 24,915 deaths. 

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Agencies
July 30,2020

New Delhi, Jul 30: India's gold demand in 2020 is expected to fall to the lowest level in 26 years with domestic bullion prices hitting a record high and as falling disposable incomes could curtail retail purchases, the World Gold Council (WGC) said on Thursday.

Lower demand by the world's second-biggest bullion consumer could limit a rally in global prices, which hit a record high earlier this month, although it could also reduce India's trade deficit and support the ailing rupee.

"Fast rising gold prices could act as headwinds," said Somasundaram PR, the managing director of WGC's Indian operations.

Local gold futures have jumped 35% so far this year after rising a quarter in 2019.

India's gold consumption in the first half of 2020 plunged 56% on-year to 165.6 tonnes. Meanwhile, the coronavirus-triggered lockdown also slashed demand by 70% in the June quarter to 63.7 tonnes, the lowest in more than a decade, the WGC said in a report published on Thursday.

Millions of Indians have lost their jobs or taken a pay cut after the country imposed a lockdown on its 1.3 billion people to curb the spread of the virus that has infected more than 1.5 million Indians.

Consumption is generally high during the June quarter due to weddings and key festivals such as Akshaya Tritiya, but lockdown restrictions kept shoppers indoors this year.

The weak demand in the first half could drag down India's gold consumption in 2020 to the lowest since 1994, when demand stood at 415 tonnes, Somasundaram said, adding that it is still difficult to provide an estimate for full-year demand as the coronavirus crisis is still unfolding.

"Indian demand has previously jumped as much as 300 tonnes in a quarter. Latent demand could come out in the second half," Somasundaram said.

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