Hazare parts ways with Kejriwal

September 19, 2012

Anna

New Delhi, September 19: Team Anna on Wednesday suffered a vertical split with Anna Hazare and some top activists choosing to part ways with the Arvind Kejriwal-led group, opposing their plans to form a political party.

After a roller-coaster ride of 18 months in which they came together to run a high-steam anti-graft movement, the group led by Mr. Hazare had acrimonious discussions with Mr. Kejriwal and his supporters including Prashant Bushan and Shanti Bhushan on the issue of forming a political party.

Backed by activists including Kiran Bedi and Justice Santosh Hegde, Mr. Hazare told the other group during the nine-hour deliberations that they were free to form a political party but cannot use his name or photo for their campaign.

“It is unfortunate that the team has separated...I will not join any party or any group. I will not go for their campaign. I have told them not to use my photo or my name in their campaign. You fight on your own,” he told reporters in New Delhi.

Mr. Hazare refused to accept the survey done by India Against Corruption, which overwhelmingly favoured a political path, saying he does not agree with the exercise done through social networking sites. “My best wishes are with them (those taking political path). There is no harm in it. If they think that they can get majority in Parliament, it is good... The paths have been separated. Both of us have chosen our (separate paths).”

When pointed out that Mr. Kejriwal had earlier declared that he will not form any party if Mr. Hazare does not approve it, he said if that was the case, then the party should not be formed but “it is a good thing”.

The discussions saw a section alleging that Mr. Hazare was “exploited” by the Kejriwal group. It was countered by others saying “people in Delhi have made Anna what he is now“.

Reacting to the developments, Mr. Kejriwal tweeted, “Country is on sale. It is passing through very difficult phase. I will do everything possible for me to save my country.”

Ms. Bedi, who is opposed to forming of a political party, tweeted, “Anna finally distances himself from political option. Moves to strengthen the movement. May bring together anti-corruption movements.”

She told PTI that she did appeal to those members of the team who were very keen on political option to give the movement some more time.

“But it appears that they are convinced about their option. This finality by Anna was essential to dispel the mix up of the movement and the party politics,” she said.

Giriraj Kishore, an ex-Registrar of IIT Kanpur who attended the meeting, said the overall mood of the discussions was that the movement should remain united and should reach a fruitful conclusion.

“A section of those in meeting said Hazare was exploited by some people in the movement. But this is not true. If Anna has given his name to the movement, people here have made the Anna what he is now. They built the image of Anna,” he said.

Bollywood actor Anupam Kher, who attended the meeting, said in case one needs to fight corruption solidly, one “may have to fight elections”. He said there is no controversy but only deliberations.

During his interaction with the media, Mr. Hazare also expressed hope that government will be forced to pass a strong Lokpal Bill as elections are nearing and the government should be fearing it.

“They will be afraid of losing power. That time has come. I believe that they will have to bring the Lokpal Bill before elections. Now it is that they bring Lokpal or my death,” he said.

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Agencies
February 12,2020

New Delhi, Feb 12: Delhi Chief Minister-designate Arvind Kejriwal was on Wednesday elected as the leader of AAP legislative party, a day after he led the party to an emphatic victory in the Delhi Assembly elections.

Kejriwal was elected as the AAP legislative party leader during a meeting called by him with the newly-elected party MLAs. The meeting was held at the AAP chief's residence.

Atishi, AAP's winning candidate from Kalkaji constituency said after the meeting, "It is definitely a validation of the work that has been done by AAP in the last five years, be it education, health care, water or electricity."

Kejriwal is slated to take oath as the Delhi Chief Minister for the third time at Ramlila Maidan on February 16.

AAP galloped to a landslide victory by winning 62 of the 70 seats in the Delhi Assembly elections in the face of a high-voltage campaign by the BJP, which fielded a battery of Union Ministers and Chief Ministers in its electioneering, spearheaded by Home Minister Amit Shah.

The BJP marginally improved its tally, managing just eight seats from its 2015's tally of three seats. The Congress, which drew a blank in the previous elections, failed to open its account yet again.

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Agencies
February 4,2020

The government suspended all the India-bound air travel from China and has declared all visas 'invalid', on Monday, due to the rapid escalation of cases of novel coronavirus outbreak which originated in Wuhan.

"Embassy and our Consulates have been receiving several queries from Chinese citizens as well as other foreign nationals, who are based out of China or visited China in the last 2 weeks, as to whether they can use their valid single/multiple entry visas to travel to India," tweeted the Embassy of India in Beijing, China.

"It is clarified that existing visas are no longer valid. Intending visitors to India should contact the Indian Embassy in Beijing ([email protected]) or the Consulates in Shanghai ([email protected]) and Guangzhou ([email protected]) to apply afresh for an Indian visa," it said.

Further, regarding the validity of visas, the embassy said, "Indian Visa Application Centres (http://blsindia-china.com) in these cities may also be contacted in this regard. Visa Section of the Embassy/Consulates of India in China can be contacted to ascertain the validity of visa before undertaking any visit to India."

"All those who are already in India (with regular or e-visa) and had traveled from China after January 15 are requested to contact the hotline number of Ministry of Health and Family Welfare of Government of India (+91-11-23978046 and email: [email protected])," the embassy said.

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Agencies
March 15,2020

Financially troubled Yes Bank on Saturday reported a standalone net loss of ₹ 18,560.31 crore for the third quarter of the financial year 2019-20. This is amongst the biggest losses reported by the India Inc.

At present, the private lender is under a moratorium and is controlled by the office of the administrator appointed by the RBI.

The bank had reported a net profit of ₹1,001.85 crore during the corresponding period of the previous financial year.

Besides, the bank's total income fell to Rs 6,268.50 crore from Rs 8,849.81 crore earned during the October-December quarter of the previous fiscal.

On consolidated basis, Yes Bank reported a net loss of ₹18,564.24 crore for the December quarter from a net profit of Rs 1,000.57 crore in the corresponding period of the previous fiscal.

The independent auditor's review report on the consolidated results pointed out that there is a "material uncertainty related to going concern" of the bank.

"The said assumption of going concern is dependent upon the degree of success of the final reconstruction scheme, the quantum of capital infused into the bank and the bank's ability to stabalise its deposit balances post withdrawal of the moratorium by the RBI. Our conclusion is not modified in respect of this matter," the auditor said.

Furthermore, the bank recognised additional loans of ₹ 5,150.2 crore as NPAs and related provisioning requirements of ₹772.5 crore for the quarter ended December 31, 2019.

The bank has recognised an additional provisions of ₹15,422.0 crore in the quarter ended December 31, 2019.

Last week, the RBI placed Yes Bank under moratorium and capped the withdrawal limit at ₹50,000 till next Wednesday.

Additionally, the central bank also superseded Yes Bank's board of directors and appointed former SBI CFO Prashant Kumar as its administrator.

Meanwhile, Kumar has been appointed as the new Chief Executive Officer of the financially troubled lender. He will take over his new responsibilities once the moratorium on the stressed lender is lifted on Wednesday.

Apart from Kumar, Sunil Mehta, former non-executive Chairman of Punjab National Bank, will take over as the non-executive Chairman of Yes Bank.

Other board members include Mahesh Krishnamurthy and Atul Bheda, both as non-executive Directors.

Additionally, six private lenders have joined the SBI to rescue Yes Bank with Federal Bank committing ₹300 crore by subscribing to 30 crore shares of ₹2 each at a premium of ₹8 per equity share.

The six private lenders have now committed an investment of ₹3,700 crore in the cash-strapped private sector bank.

On Friday, ICICI Bank and Housing Development Finance Corporation (HDFC) Ltd had announced that they will be investing ₹1,000 crore each in Yes Bank's equity. Axis Bank and Kotak Mahindra Bank will be investing ₹ 600 crore and ₹500 crore, respectively, while Bandhan Bank will invest ₹300 crore.

The SBI board has already approved up to 49 per cent stake purchase in Yes Bank, as per the RBI's reconstruction scheme for the lender. It had said on Thursday that an investment of ₹7,250 crore would be made in Yes Bank to pick up₹ 725 crore equity shares.

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