India to elect new president Thursday

July 18, 2012

sangma_pranab

New Delhi, July 18: India will elect a new president Thursday in what is a direct contest between ruling United Progressive Alliance (UPA) candidate Pranab Mukherjee and opposition-backed Purno Sangma.

The polling will take place in the national and state capitals in which an electoral college consisting of members of parliament and the legislative assemblies will vote.

"All the necessary arrangements have been made for free and fair poll and security arrangements in and around Parliament House and particularly the venue of poll have been tightened," returning officer and Rajya Sabha Secretary General V.K. Agnihotri told reporters here Wednesday.

The votes will be counted Sunday, three days before the five-year tenure of President Pratibha Patil ends.

The 13th Indian president is expected to enter Rashtrapati Bhavan by July 25.

Mukherjee, who had served in the UPA government as finance minister before entering the presidential fray, is the hot favourite to win the election.

He is expected to bag over 735,000 of the 10,97,000 votes from among 4,896 electors -- 776 MPs and 4,120 assembly members.

Besides UPA members Congress, Trinamool Congress, Nationalist Congress Party, Rashtriya Lok Dal, DMK and National Conference, Mukherjee has the support of the Samajwadi Party, Bahujan Samaj Party, Rashtriya Janata Dal, Lok Janshakti Party and YSR Congress Party, among others.

The Trinamool, which was undecided on its support for Mukherjee, changed its mind two days before the poll and announced it would vote for the UPA candidate with "a heavy heart" due to lack of options.

Congress president Sonia Gandhi, ahead of the voting Thursday, hosted her UPA allies to lunch, in which Trinamool was represented by two MPs.

It was also attended by other UPA partners including the DMK, Rashtriya Lok Dal and Nationalist Congress Party, apart from supporting parties such as the Samajwadi Party, Rashtriya Janata Dal and Bahujan Samaj Party.

YSR Congress Party, which had remained undecided, announced Wednesday that it had decided to support Mukherjee, apart from backing UPA candidate Hamid Ansari for the vice president's post.

The party's MP Mekapati Rajamohan Reddy announced the decision after a meeting chaired by party's honorary president Y.S. Vijayalakshmi, claiming the decision was "above politics" as they hoped Mukherjee would do justice to the constitutional post.

With the Communist Party of India-Marxist and Forward Bloc too expressing support for Mukherjee and the Janata Dal-United and Shiv Sena breaking away from the National Democratic Alliance (NDA) to back him, wide acceptance of his candidature is evident.

Those likely to abstain from voting are the Communist Party of India, Revolutionary Socialist Party, Telugu Desam Party and Telangana Rashtriya Samithi. These parties have around 36,000 votes.

Then there are around 32,000 votes with smaller parties who have no presence in parliament but have legislators in the states.

Sangma, a former Lok Sabha speaker, was a senior Nationalist Congress Party (NCP) leader before jumping into the presidential race and had to quit its membership.

He is currently a member of the Meghalaya assembly.

He is expected to bag a maximum of 313,000 votes, being supported by the Bharatiya Janata Party, Biju Janata Dal, AIADMK, Shiromani Akali Dal and Asom Gana Parishad.

The churning witnessed in the country's political space has left both the NDA and the Left Front divided. And, after anxious moments over the last three weeks over Trinamool's indecisiveness, the UPA has emerged united.

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News Network
June 12,2020

New Delhi, Jun 12: India's COVID-19 tally on Friday witnessed its highest-ever spike of 10,956 cases, according to the Union Ministry of Health and Family Welfare (MoHFW).

396 deaths have been reported due to the infection during the last 24 hours.

The total number of coronavirus cases in the country now stands at 2,97,535 including 1,41,842 active cases, 1,47,195 cured/discharged/migrated and 8,498 deaths.

COVID-19 cases in Maharashtra continue to soar with the number reaching 97,648. Tamil Nadu's coronavirus count stands at 38,716 while cases in Delhi reached 34,687.

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News Network
June 12,2020

An Indian national was killed and four others injured in alleged firing by Nepal police personnel along the India-Nepal border in Bihar's Sitamarhi district today.

Sources said the firing took place after a clash between the Indians and personnel of Nepal police at the Lalbandi-Janki Nagar border in Pipra Parsain panchayat under Sonebarsha police station of the district.

Jitendra Kumar, the additional director general of police (headquarters), confirmed the death and injuries. The place of firing falls under Nepal jurisdiction.

Locals said Vikesh Kumar Rai, 25, died on the spot and Umesh Ram and Uday Thakur received bullet injuries when they were working in an agricultural field. Another person, Lagan Rai, is said to have been detained by the Nepali police.

Injured persons were rushed to Sitamarhi Sadar Hospital for better treatment.

Vikesh Kumar Rai’s father, Nageshwar Rai, said that his agriculture land falls under Narayanpur in Nepal where his son was working.

On May 17, Nepal police had fired blank rounds to disperse dozens of Indians trying to cross the border. It was not clear if they were also farmers.

The district magistrate and the superintendent of police of Sitamarhi have rushed to the spot.

Nepal shares a 1,850-kilometre (1,150-mile) open border with India and people travel across it for work and to visit family. It had closed its international borders on March 22 amid the coronavirus pandemic.

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Agencies
June 2,2020

Singapore, Jun 2: Moody's Investors Service on Tuesday downgraded 11 Indian banks along with as many non-financial companies and infrastructure majors besides four government-related issuers following a downgrade of the Indian government's issuer rating to Baa3 from Baa2 with a negative outlook.

The rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, volatile oil prices and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets, said Moody's.

The Indian banking sector has been affected given the disruptions to India's economic activity from the coronavirus outbreak, which is weakening borrowers' credit profiles, it added.

The 11 lenders include Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Export-Import Bank of India, HDFC Bank, Indian Overseas Bank, IndusInd Bank, Punjab National Bank, State Bank of India and Union Bank of India.

The 11 non-finance companies are Oil and Natural Gas Corporation, Hindustan Petroleum Corporation, Oil India, Indian Oil Corporation, Bharat Petroleum Corporation, Petronet LNG, Tata Consultancy Services, Infosys, Reliance Industries, UPL Corporation and Genpact.

The 11 infrastructure companies are NTPC, NHPC, National Highways Authority of India, Power Grid Corporation, Gail India, Adani Green Energy Restricted Group (RG-2), Adani Transmission Restricted Group, Adani Ports and Special Economic Zone, Adani Transmission, Adani Electricity Mumbai and Azure Power Solar Energy.

The four Indian government-related issuers are Indian Railway Finance Corporation, Housing and Urban Development Corporation, Power Finance Corporation and REC Ltd.

"Government-related issuers in India have been affected because of disruptions to India's economy which will weaken borrowers' credit profiles," said Moody's.

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