Sonia Gandhi tells UPA govt: Time’s running out, so perform

May 23, 2012

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New Delhi, May 23: Marking the third anniversary of the UPA II government, Congress chief Sonia Gandhi on Tuesday put the ruling coalition in poll mode, warning her party and allies that they have two years to get their act together as UPA-2 can hope to renew its mandate in 2014 only on the basis of performance rather than promises.

Her remarks came after Prime Minister Manmohan Singh in his speech acknowledged that people were angry and frustrated over corruption. "We know there is public frustration and anger over the issue of corruption. I wish to assure our people that we are working sincerely to address the issue," the PM said in a candid acknowledgement of the problem which is seen as having sapped the goodwill for the government.

Sonia outlined the task ahead, saying, "We are aware that only two years are left when we will be seeking a new mandate from the people. We are fully aware that the result of that will not depend on our promises but on the nature of work done by us."

The wake up call came as the government utilised a function at Prime Minister Manmohan Singh's residence to rebut the damaging charge that UPA-2 was in the grip of a "policy paralysis" by releasing a report that talked of a robust economy and ambitious welfare schemes.

Responding to questions, the PM also pitched in, saying, "The perception (of a policy paralysis) can be misplaced. It can be corrected by reality. The facts can correct the perception."

The function gave the government an opportunity to showcase its numbers in Parliament with Samajwadi leader Mulayam Singh Yadav finding pride of place next to home minister P Chidambaram. A seat for RJD leader Lalu Prasad as well underlined the coalition's comfortable majority in Lok Sabha.

It was Sonia's speech at the dinner to mark three years of UPA-2 that set the tone on a humid May evening when she said that while "opponents were being loud and aggressive, and leveling irresponsible charges", the government must concentrate on working hard and fulfilling its objectives.

On corruption, the PM said the government was trying to set up Lokpal and make a law for time-bound delivery of public goods and services and judicial accountability. "We are trying to ensure exemplary punishment to the guilty while also ensuring that public servants feel secure in taking bona fide decisions that are in the national interest," he further said.

Congress leaders pointed out that since the last six months of a government's terms are invariably overtaken by the dynamics of elections, the government just about has 18 months to deliver on big issues like corruption and the economy. They interpreted Sonia's speech as a reminder that the window for tackling the challenges of perception of sleaze, as well as a slowing economy and stubborn inflation, is rather small.

Reverses in state and civic polls show that the government has reasons to worry. Although the BJP is also in a disarray, many in Congress feel that voters may decide to punish the incumbent without being concerned about political stability.

However, Sonia, who is also UPA chairperson, struck an upbeat note. "There is no room for disappointment (nirasha) even as the country faces a challenging economic situation," she said, pointing to UPA-2's achievements, particularly those that have benefitted the disadvantaged through health insurance and rural employment guarantee schemes.

Sonia's unambiguous remarks can be seen as a early poll bugle as the government has been immersed in crisis management, with the latest preoccupation being managing the presidential election in the face of conditions imposed by assertive allies like Trinamool Congress.

The well-filled stage would give Congress managers some respite as those on stage represent a comfortable majority in Lok Sabha, enough to ensure the ruling coalition lasts its full term.


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News Network
May 9,2020

May 9: Two more companies are said to be eyeing stakes in Reliance Jio Platforms, the $65-billion digital unit of Mukesh Ambani-controlled Reliance Industries, suggests a Bloomberg report. If these deals materialise, they would add to a growing list of firms that have recently invested in the Indian company.

US private equity firm General Atlantic was considering investing about $850 million to $950 million in the Mumbai-based company, a Bloomberg report said, citing people with knowledge of the matter.

The deal could be completed as soon as this month, though no agreement had been finalised and plans may change, it added.

Saudi Arabia's Public Investment Fund (PIF) is also considering to buy a minority stake in Jio, Bloomberg said in a separate report.

General Atlantic declined to comment on the report, while Jio and PIF did not immediately respond to Reuters request for comment. Hours earlier on Friday, Reliance Industries announced a $1.5 billion stake sale in Jio to Vista Equity Partners, the third deal in just over two weeks.

The conglomerate cut a $5.7 billion deal with Facebook for a 9.99 per cent stake in Jio on April 22 and a few days later, it secured a $750 million investment from private equity firm Silver Lake.

Together the three deals will inject a combined $8 billion in the telecoms-to-energy group and help it pare its debt.

Vista's investment gave Jio an equity value of Rs 4.91 trillion ($65 billion) and an enterprise value of Rs 5.16 trillion, said Reliance, controlled by billionaire tycoon Mukesh Ambani.

The potential investments from New York-based General Atlantic and the Saudi sovereign wealth fund, which manages over $300 billion in assets, would inject money on top of the $8 billion which Jio has already raised.

Saudi's PIF has been buying minority stakes several companies. Last month, it disclosed an 8.2 per cent stake in coronavirus-hit Carnival Corp, sending the cruise operator's shares up nearly 30 per cent higher.

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Agencies
March 14,2020

New Delhi, Mar 14: The central government on Saturday declared COVID-19 as a national 'disaster' and announced to provide ex-gratia relief of Rs 4 lakh to the families who died of the virus.

The Ministry of Home Affairs in a letter to states and union territories stated: "Keeping in view that spread of COVID-19 virus in India the declaration of it as pandemic by World Health Organisation, the Central government has decided to treat it as a notified disaster and announced to provide assistance under State Disaster Response Fund (SDRF)."

The Centre said that cost of hospitalization for managing COVID-19 patient would be at the rates fixed by the state governments. The state government can use SDRF found for providing temporary accommodation, food, clothing and medical care for people affected and sheltered in quarantine camps, other than home quarantine, or for cluster containment operations.

The state executive committee will decide the number of quarantine camps, their duration and the number of persons in such camps. "Period can be extended by the committee beyond the prescribed limit subject to condition that expenditure on this account should not exceed 25 percent of SDRF allocation for the year," the Ministry of Home Affairs notification stated.

The cost of consumables for sample collection would be taken from the funds which can be sued to support for checking, screening and contact tracing.

Further, funds can also be withdrawn for setting up additional testing laboratories within the government set up. The state has also to bear the cost of personal protection equipment for healthcare, municipal, police and fire authorities. Further SDRF money can also be used for procuring thermal scanners and ventilation and other necessary equipment.

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News Network
May 28,2020

Bhopal, May 28: A Bhopal-based high net worth individual hired a 180-seater A320 plane of a private carrier to ferry four family members to New Delhi, in a bid to avoid crowd at the airport and in flight amid the COVID-19 outbreak, officials said on Thursday.

The person, who is a liquor baron, chartered the aircraft to send to Delhi his daughter, her two children and their maid, who were stuck in Bhopal since the last two months due to the coronavirus-induced lockdown, sources said.

The plane arrived here from Delhi on Monday with crew only and flew back with just four passengers for whom it was specially hired, they said.

"The A320 180-seater plane arrived here on May 25 to carry four members of a family, probably due to the coronavirus scare. It was chartered by someone and there was no medical emergency, an airline official said, refusing to divulge any further details.

Bhopals Rajabhoj Airport Director Anil Vikram could not be contacted for comments.

According to aviation experts, the cost of hiring an Airbus-320 is about Rs 20 lakh.

Domestic commercial flight services resumed from Monday, after a nearly two-month break due to the coronavirus-enforced lockdown.

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