Prez poll threatens to split UPA

June 15, 2012

kalam


New Delhi, June 14: The ruling United Progressive Alliance (UPA) on Thursday appeared headed for an internal confrontation over the next month’s presidential election as Trinamool Congress chief Mamata Banerjee declared that former president A P J Abdul Kalam would be her candidate for the top post.

Mamata announced that she will field Kalam if the Congress went ahead with the nomination of either Union Finance Minister Pranab Mukherjee or Vice-President Hamid Ansari.

The stage for the confrontation was set early during the day when the Congress rejected the possibility of nominating Prime Minister Manmohan Singh, or accepting Kalam or former Lok Sabha speaker Somnath Chatterjee as the UPA candidate. The three names were jointly proposed by Mamata and Samajwadi Party leader Mulayam Singh Yadav on Wednesday.

Congress general secretary in-charge of media affairs Janardhan Dwivedi came out publicly rejecting the three names, and objected to the Trinamool Congress’s announcement on Wednesday that Mukherjee and Ansari were the Congress’ first and second choice candidates respectively.

The Congress leadership held a series of meetings during the day to deliberate on the party’s nominee, with party chief Sonia Gandhi separately confabulating senior leaders like Mukherjee, Union Home Minister P Chidambaram and Defence Minister A K Antony separately and then together in the party’s core group.

The party leadership also held consultations with other UPA allies like the NCP chief Sharad Pawar and senior DMK leader T R Baalu. Both of them pledged support to the candidate the Congress would choose. The UPA leaders were expected to meet on Friday morning, to decide on a nominee.

While the Congress leadership rejected the three names proposed by Mamata, it scrupulously avoided naming either Pranab or Ansari as likely candidates. Indeed, the party clarified that Sonia had not mentioned to the Trimanool Congress leader during their meeting on Wednesday that Pranab and Ansari were its probable candidates in that order.

All that Sonia had told Mamata was that these two names had figured during the party’s consultations with its UPA allies.

Curiously, in the midst of all these, CPI leader A B Bhardhan, who was among the first to favour a woman candidate for the 2007 presidential election, proposed during the day that the next president should be a dalit woman. He did not take any names, but speculations were that he could be having Lok Sabha Speaker Meira Kumar in mind.

And, with Mamata on a confrontation course, the Congress seemed intent on reaching out to the Left parties for support in the election. Mukherjee reportedly spoke over phone to former West Bengal Chief Minister Buddhadeb Bhattacharjee, who in 2008 was against the CPM leadership’s decision to withdraw support to the UPA-I government.

However, the CPM leadership in the national capital maintained silence, though it criticised the UPA’s handling of the presidential nomination.

But, Mamata was categorical about her choice. She asserted that she will contest the UPA choice with Kalam as her candidate, particularly if the Congress choice were to be either Mukherjee or Ansari. She met Mulayam late in the evening after throwing up a challenge to the Congress.

While Mulayam, who had earlier favoured a seasoned politician for the post of President, maintained silence, Mamata declared: “Kalam is our and Mulayam Singh Yadav's number one candidate. He will be the best candidate."

She will not be attending the Friday’s scheduled UPA meeting. But said she was not walking out of the UPA either. “As far as the Trinamool is concerned, we are in the UPA. We don’t want to topple the government. But if the Congress does not want us, it is left to them. The ball is in the Congress’ court.”

Mamata’s latest stand may be music to the ears of the opposition NDA and other parties like the Biju Janata Dal and the AIADMK. They may be willing to endorse Kalam.

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News Network
April 30,2020

Bengaluru, Apr 30: Shares of Glenmark Pharmaceuticals Ltd rose almost 9% on Thursday after the Indian drugmaker got an approval to conduct clinical trials with antiviral drug favipiravir, seen as a potential treatment for COVID-19.

Favipiravir, manufactured under the brand name Avigan by a unit of Japan's Fujifilm Holdings Corp and approved for use as an anti-flu drug in the Asian island country in 2014, has been effective, with no obvious side-effects, in helping coronavirus patients recover, a Chinese official told reporters at a news conference last month.

"After having successfully developed the API and the formulations ... Glenmark is all geared to immediately begin clinical trials on favipiravir on COVID-19 patients in India," Sushrut Kulkarni, executive vice-president for Global R&D, Glenmark Pharmaceuticals, said in a statement. 

The Drug Controller General of India, the country's drug regulator, did not immediately respond to Reuters request for comment.

On Wednesday, another Indian pharmaceutical company, Strides Pharma Science Ltd, said it had developed and commercialized favipiravir antiviral tablets, and had applied to Indian drug authorities to start trials.

Shares of Mumbai-based Glenmark Pharmaceuticals, which rose as much as 8.9% to 359 rupees ($4.78), was trading up 5.9%, as of 0407 GMT.

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News Network
January 22,2020

New Delhi, Jan 22: Delhi Chief Minister Arvind Kejriwal has assets worth Rs 3.4 crore, an increase of Rs 1.3 crore from 2015, according to his election affidavit.

Kejriwal's total assets were worth Rs 2.1 crore in 2015.

The cash and fixed deposits of Kejriwal's wife Sunita Kejriwal increased from Rs 15 lakh in 2015 to Rs 57 lakh in 2020.

A party functionary said Rs 32 lakh worth cash and fixed deposits have been received by Sunita Kejriwal as voluntary retirement benefits while the rest are savings.

The cash and fixed deposits of the chief minister increased from Rs 2.26 lakh in 2015 to Rs 9.65 lakh in 2020.

There was no change in the value of immovable assets of his wife while Kejriwal's immovable assets' worth increased from Rs 92 lakh to Rs 177 lakh.

The party functionaries said increase in Kejriwal's immovable assets' worth is due to the increased valuation of the same asset as in 2015.

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News Network
February 19,2020

Feb 19: Pay increases across India’s organized sector will probably grow at the slowest pace since 2009 this year, according to a survey from Aon Plc.

Companies will increase average pay by 9.1% in 2020, down from 9.3% in 2019 and 9.5% the previous year, Aon said in a report published Tuesday. The small increase reflects a deep slowdown in Asia’s third-largest economy, where growing pessimism about job prospects have led many to cut down on consumption -- the main driver to growth.

India still leads the Asia-Pacific region in pay rises, but that is mainly due to higher inflation and a “war for key talent and niche skills,” Aon said.

“There is a general air of caution about the economy as we enter into 2020,” Tzeitel Fernandes, partner for rewards solutions at Aon, told reporters in New Delhi. “Low GDP projection and weak consumer sentiment are the reasons behind our lowest ever prediction.”

E-commerce companies and start-ups will probably get the biggest salary increases, projected at an above-average 10%, while financial institutions will hand out 8.5%. Unsurprisingly, the auto sector witnessed the biggest drop in growth -- down to 8.3% from 10.1% in 2018, according to Aon. The survey covered more than 1,000 companies across over 20 industries.

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