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Coal-gate: Sonia may ask ‘tainted’ Sahai, Jaiswal to go

[email protected] (TNN)
September 11, 2012

soni

New Delhi, September 11: As the stink from 'Coalgate' rises, the continuation of tourism minister Subodh Kant Sahai and coal minister Sriprakash Jaiswal looks uncertain, with the Congress leadership considering strong measures to contain the fallout from the scam.

Although the leadership continues to resist the allegation of a scam, it appears to have come around to the view that persisting with the duo may have become politically untenable. Simultaneously , the leadership is also considering its options vis-a-vis party men like Vijay Darda, Naveen Jindal and former minister of state for coal Santosh Bagrodia who have been enveloped by the widening shadow of the scam.

The Congress leadership seems to realize that the involvement of party members in the controversial allocation of coal blocks has thickened the perception of collusion between the government and the allottees of blocks, handing opposition a stick to beat it with.

The sudden spike in speculation about their political fate coincided with Congress chief Sonia Gandhi's return from abroad. Sonia , who had gone for a routine medical check up, is likely to hold deliberations with her colleagues as part of the larger restructuring she has planned for the government and the party this month.

Sahai had written to PM Manmohan Singh recommending allocation of coal blocks to a company, SKS Ispat and Power, whichhad his younger brother as one of its directors . The company in question got blocks the very next day, and the tourism minister has not been able to shake off the charge of conflict of interest.

A clear case of conflict of interest has not been established against Jaiswal yet, but the leadership seems to feel that he has not been able to effectively explain why coal blocks continued to be allocated on his charge, and well into 2010. His explanation that he was merely following through on the decisions taken by the screening committee before he got charge of the ministry has not been found to be convincing . There is also a wariness of the unfolding revelations on links of government functionaries with the allottees. Rajya Sabha MP Vijay Darda has been named in CBI's first set of FIRs into Coalgate. Although the agency has not charged him yet under the Prevention of Corruption Act, his proximity to Manoj Jayaswal, one of the prime beneficiaries, is seen as a political vulnerability for the Congress.

Jindal, whose Jindal Power Limited was allocated several coal blocks, has been in the opposition's line of fire.

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Agencies
August 6,2020

Mumbai, Aug 6: Former Reserve Bank of India governor Raghuram Rajan said on Thursday that overly focusing on what sovereign rating agencies think can take one's eyes off what needs to be done for the economy.

"It is also important to convince both domestic and international investors that after the crisis associated with the pandemic is over, we will return to fiscal responsibility over the medium term, and the government should do more to convince them of that," Rajan told the Global Markets Forum.

India was placed under one of the strictest lockdowns in the world in late March for more than two months to stem the spread of the coronavirus, but cases have continued to rise steadily since the government eased restrictions in June, stymieing hopes of an economic recovery.

The government has announced several initiatives to help the poor and small- and medium-size businesses, but actual cash outgo from the government's measures has been estimated at just about 1% of GDP.

Several attribute the fiscal prudence to fear of a downgrade after Moody's cut India's rating and outlook in early June followed closely by a change in outlook from Fitch.

The central bank on its part too has reduced the key lending rate by 115 basis points on top of the 135 bps last year and is widely expected to cut rates by another 25 bps later on Thursday.

"The RBI and government have certainly been cooperating, but it seems like it is elsewhere, the ball is in the government's court to do more," Rajan said.

He said the RBI needs to focus on whether credit is reaching the stressed areas of the economy and also if the viable firms were able to access credit and not the unviable ones.

"And I think that's where it has to focus its attentions, because resources, as you well know, are limited in India today."

Recently analysts, however, have cited the growing possibility the RBI may prefer to pause and cut rates only at its October meeting.

Government officials too have suggested the possibility of any more fiscal stimulus being announced, would only come in the second half of the fiscal year, once a recovery has taken root and coronavirus cases have peaked.

"What India should focus on at this point is protecting its economic capabilities, so that when it has dealt with the virus it can go resume activity in a reasonable way. That should be the focus," Rajan said.

"And if it does that, there is no reason why the rating agencies will not see that as an appropriate policy".

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News Network
June 19,2020

New Delhi, Jun 19: Petrol price on Friday was hiked by 56 paise per litre and diesel by 63 paise a litre, taking the cumulative increase in rates to Rs 7.11 and Rs 7.67 per litre respectively in less than two weeks.

Petrol price in Delhi was hiked to Rs 78.37 per litre from Rs 77.81, while diesel rates were increased to Rs 77.06 a litre from Rs 76.43, according to a price notification of state oil marketing companies.

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.

This is the 13th daily increase in rates in a row since oil companies on June 7 restarted revising prices in line with costs, after ending an 82-day hiatus in rate revision.

In 13 hikes, petrol price has gone up by Rs 7.11 per litre and diesel by Rs 7.67 a litre.

The freeze in rates was imposed in mid-March soon after the government hiked excise duty on petrol and diesel to shore up additional finances.

Oil PSUs Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) instead of passing on the excise duty hikes to customers adjusted them against the fall in the retail rates that was warranted because of fall in international oil prices to two decade low.

International oil prices have since rebounded and oil firms are now adjusting retail rates in line with them.

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News Network
April 9,2020

Patna, Apr 9: In a horrifying incident, a migrant woman was sexually abused in a Gaya hospital where she was kept in an isolation ward. Three days later, she died due to excessive bleeding.

The matter came to light on Tuesday when her mother-in-law informed the authorities concerned about the shocking incident.

The 25-year-old victim had returned to Bihar’s Gaya district from Ludhiana (in Punjab) along with her husband on March 25. Before returning to her in-laws’ place, she had undergone abortion at Ludhiana just when she was two months pregnant.

On reaching Gaya, she complained of excessive bleeding. Her husband admitted her to Anugrah Narain Magadh Medical College and Hospital (ANMMCH) on March 27 where she was kept in the emergency ward.

Later, on April 1, on being suspected to be coronavirus patient, she was kept in an isolation ward. Her family members alleged that it was in this isolation ward where a doctor attending to her overnight outraged her modesty for two successive nights on April 2 and 3.

“The following day, she was discharged from the hospital after her coronavirus test report was found to be negative. However, after returning home, she remained aloof and struck by fear. On questioning, she revealed how a doctor had sexually abused her in the isolation ward. On April 6, she passed away due to excessive bleeding,” said her mother-in-law.

On receiving the information, the local police asked the mother-in-law to come to the hospital on Tuesday and identify the doctor (about whom the victim had given a description). However, the accused was not identified.

“Prima facie, the matter is serious. We are verifying the allegations. We will dig out the CCTV footage in the hospital and take strict action after identifying the culprit,” said Dr VK Prasad, the hospital superintendent.

Meanwhile, the Gaya police have arrested two people who posed as doctors and entered the isolation ward using doctors’ kits. One of the apprehended people works in a private.

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