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Congress's delay to stake claim to form government in '04 stunned Kalam

July 1, 2012

Rocketry

New Delhi, July 1: Former President A P J Abdul Kalam has expressed surprise that Congress did not stake claim to form the government for three days after its stunning victory over NDA in the 2004 elections.

In an account of his innings in Rashtrapati Bhavan in his latest book 'Turning Points", Kalam said that while the Congress emerged the largest party, it did not come forward to stake claim. "In spite of that (being largest party), three days had passed and no party or coalition came forward to form the government. It was a cause of concern for me and I asked my secretaries and rushed a letter to the leader of the the Congress to come forward and stake claim," he has written.

Congress chief Sonia Gandhi met Kalam on May 18 and nominated Manmohan Singh to the PM's post. Kalam said he breathed a sigh of relief after Singh was sworn in on May 22, but he continued to be puzzled that three days went by without any claim. Congress sources said the delay was procedural since the parliamentary party had to meet and elect its leader.

Kalam has recalled the government formation in 2004 as a key event, noting that the task to appoint a PM was very tricky as there was no party with clear majority.

"In this context, the 2004 election was an interesting event. The elections were over, the results had been announced and none of the political parties had the strength to form the government on their own," he recounted.


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News Network
June 8,2020

New Delhi, Jun 8: India on Monday reported the highest single-day spike of 9,983 more COVID-19 cases and 206 deaths in the last 24 hours.

With this, the country's coronavirus count has reached 2,56,611, including 1,25,381 active cases, according to the Ministry of Health and Family Welfare.

1,24,094 patients have been cured/discharged so far and 7,135 succumbed to the deadly virus. While one patient has migrated.

With 85,975 cases, Maharashtra is the worst-affected state in the country followed by Tamil Nadu at 31,667 cases.

A total of 1,08,048 samples were tested for coronavirus in the last 24 hours and overall 47,74,434 samples have been tested till now.

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News Network
May 13,2020

New Delhi, May 13: Vice President M. Venkaiah Naidu on Wednesday said that Prime Minister Narendra Modi's announcement of Rs 20 lakh crore stimulus package "will go a long way in overcoming challenges" posed by the COVID-19 pandemic.

"Welcome the Rs. 20 lakh crore stimulus package announced by the Prime Minister, Shri Narendra Bhai Modi Ji to revive economy, boost efficiency of various sectors through reforms & make India self reliant and resilient. #AtmaNirbharBharatAbhiyan," the Vice President tweeted.

Calling the reforms as the "need of the hour", he further said: "Bold reforms are the need of the hour to realize the dream of #AtmanirbharBharat."

Expressing confidence in the five-pillar approach, he said that it would help promote local industries "while making India face global competition effectively".

"I am confident that a focused approach on the five pillars- Economy, Infrastructure, Technology driven System, Vibrant Demography & Demand--will promote local industries led growth while making India face global competition effectively. #AtmaNirbharBharatAbhiyan," he said.

"I am certain this timely economic package will go long way in overcoming challenges posed by the unprecedented COVID-19 pandemic. #AtmaNirbharBharatAbhiyan #IndiaFightsCorona," he wrote on the micro-blogging site.

The Prime Minister had on Tuesday announced Rs 20 lakh crore special economic package for the country to become 'self-reliant' and deal with COVID-19.

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Agencies
February 6,2020

Mumbai, Feb 6: The Reserve Bank of India, for the second straight time, on Thursday kept its key policy rate unchanged at 5.15 per cent, maintaining its accommodative policy stance as long as it was necessary to revive growth.

The central bank retained GDP growth at 5 per cent for 2019-20 and pegged it at 6 per cent for the next fiscal.

"Economic activity remains subdued and the few indicators that have moved up recently are yet to gain traction in a more broad-based manner. Given the evolving growth-inflation dynamics, the MPC felt it appropriate to maintain status quo,” the Monetary Policy Committee (MPC) said.

The six-member committee voted unanimously to hold rates, but also said that there is “policy space available for further action”.

Between February and October 2019, the RBI had reduced repo rate by 135 basis points.

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