Won't pull out of UPA, say DMK sources, but will take part in bandh

September 20, 2012
Wont_pull

Chennai, September 20: After Mamata Banerjee's dramatic exit, the Congress is left without its biggest ally in the coalition it leads at the centre, but another big partner, the DMK, has made a welcome reassurance.

(After Mamata pullout, Congress gauges room for compromise: Top 10 facts)

Sources in the Southern party, which has 18 Lok Sabha MPs, say that the DMK has decided "not to embarrass the UPA" and that its course will not be affected by Ms Banerjee's pull-out last night, which has converted the UPA to a minority. The party, will however, participate in a bandh or strike called tomorrow to protest against the centre's new reforms.

Ms Banerjee said she could not remain part of the government after its decision last week to increase diesel prices, cap the amount of subsidized cooking gas available to households, and open up the retail market to foreign super-chains. (Who is Mamata Banerjee?)

Sources said this morning that a section of the DMK is in favour of following Ms Banerjee's lead and quitting the UPA, but was over-ruled. There are a few reasons why it would be politically expedient for the DMK to distance itself from the Congress now - a massive coal scam has over-shadowed the Congress, deepening the perception that it is a party infected with corruption. Like Ms Banerjee, any party that opts out of the UPA now can claim that it is doing so in the interest of the aam admi or common man, who will allegedly be hit hard by the government's new big-ticket reforms.

(Poll: Should the government give in to Mamata Banerjee?)

Tomorrow's strike against those new policies has won the support of parties ranging from the Left to the BJP, and crucially, Mulayam Singh Yadav, whose Samajwadi Party is now key for the government's survival. (Mulayam keeps UPA on tight leash, verdict on support tomorrow)

The DMK has in the recent past threatened twice to abandon the UPA. The first flashpoint was before the state elections in Tamil Nadu last year, which the DMK and Congress fought jointly. The DMK said it was not being given enough seats. Congress president Sonia Gandhi intervened to strike a compromise. However, the partnership was decimated in the polls. The DMK also flexed its muscle to pressure the Prime Minister to commit India's support to a UN resolution that asked Sri Lanka to investigate allegations of vast human rights violations against the island's minority Tamils in the final months of the civil war that ended in May 2009.

The DMK's allegiance to the government is also guided by the fact that two of its senior leaders, including the party president's daughter, are being tried for corruption in the telecom scam. The case is being investigated by the CBI, which, opposition parties, is often used by the ruling party to settle political scores or offer protection.


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News Network
May 7,2020

Visakhapatnam, May 7: Unconscious children being carried by parents in their arms, people laying on roads, health workers scrambling to attend to those affected by the styrene vapour leak and residents fleeing were some of the scenes that played out near here on Thursday, bringing back grim memories of the 1984 Bhopal gas tragedy.

The leak of styrene, a chemical used to make synthetic rubber and resins, among others, occurred in the wee hours of Thursday while people were still fast asleep.

Women and children were seen lying on roads struggling to breath, reminiscent of the infamous Bhopal gas tragedy when a leak from the Union Carbide plant left around 3,500 dead and many maimed.

The worst-hit Gopalapatnam village reverberated with cries of people for help.

Many people fell unconscious during their sleep, a villager said.

Affected people, suffering writ large on their faces, were rushed to hospitals in autorickshaws and on two wheelers.

Visakhapatnam Collector Vinay Chand said 20 ambulances were pressed into service as soon information about the gas leak was received.

Exposure to styrene, also known as ethenylbenzene, vinylbenzene can affect the central nervous system (CNS), causing headache, fatigue, weakness, and depression.

It is primarily used in the production of polystyrene plastics and resins.

The gas leak took place at LG Polymers chemical plant.

LG Polymers was established in 1961 as "Hindustan Polymers" for manufacturing Polystyrene and its co-polymers at Visakhapatnam. It merged with McDowell & Co. Ltd of UB Group in 1978, according to the company's website.

Taken over by LG Chem (South Korea), Hindustan Polymers was renamed LG Polymers India Private Limited (LGPI) in July, 1997.

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Agencies
April 24,2020

New Delhi, Apr 24: Congress leader Rahul Gandhi has termed the government decision to freeze Dearness Allowance of Central government employees for a year as "insensitive and inhuman."

The former Congress President in a tweet said: "Lakhs and crores are being spent on the Bullet Train and New Delhi's Central Vista which should have been suspended, but the government has deducted DA of Central government employees and pensioners... It is insensitive and inhuman."

"The tragic part is that by deducting this amount from January 1, 2020 up to 30th June, 2021 for a period of 1.5 years, the government of India proceeds to deduct almost Rs 38 thousand crore from the income of these middle class government employees and pensioners, who rely completely on the pay and pensions that they receive," said Randeep Surjewala, chief spokesperson of Congress.

There are about 50 lakh such serving government employees and about 62 lakh pensioners.

"Even more tragic and objectionable is the fact that the government of India has not even spared our armed forces. The government has deducted Rs 11 thousand crore of the 15 lakh serving armed forces personnel and nearly 26 lakh military pensioners. What is their fault? They are serving the nation in times of all types of crises," said Surjewala.

The Congress alleged that the government did not spare the savings scheme.

Instead of curbing the wasteful expenditure, the government has been constantly hitting at the income of government employees and the middle class, it added.

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News Network
June 1,2020

Jun 1: Gold prices rose on Monday as riots in major U.S. cities rattled investors already reeling from strained Sino-U.S. relations and boosted demand for the safe-haven metal, with a weaker dollar lending further support.

Spot gold gained 0.8% to $1,739.75 per ounce by 0242 GMT. U.S. gold futures ticked up 0.1% to $1,752.60.

"Concerns about the unrest in the United States at the moment appear to be weighing on market sentiment," said Michael McCarthy, chief strategist at CMC Markets, adding that rising tensions between the world's top two economies provided further support to gold.

Protesters have flooded the streets in the United States over the death of George Floyd in police custody, in a wave of outrage sweeping a politically and racially divided nation.

The closely packed crowds and demonstrators not wearing masks have sparked fears of a resurgence of COVID-19, which has killed more than 101,000 Americans.

In Asia, China's state media and the government of Hong Kong lashed out on Sunday at U.S. President Donald Trump's pledge to end Hong Kong's special status if Beijing imposes new national security laws on the city.

Gold is often used as a safe store of value during times of political and financial uncertainty.

Indicative of sentiment, holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.3% to 1,123.14 tonnes on Friday, a fresh seven-year high.

Further supporting gold's appeal, the dollar index fell 0.4% against its rivals.

Elsewhere, silver jumped 2% to $18.20 per ounce, its highest since Feb. 26, before retreating slightly to trade 1.8% higher at $18.16.

Speculators cut their bullish positions in COMEX gold and increased them in silver contracts in the week to May 26, the U.S. Commodity Futures Trading Commission said on Friday.

Palladium rose 0.7% to $1,958.25 per ounce, while platinum declined 0.3% to $835.56.

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