FDI in retail: Film would be successful only if it has suspense, says Karunanidhi on not committing support

November 14, 2012

nidi

 

Chennai, November 14: Continuing the suspense over its stand on any Opposition-sponsored resolution in Parliament against FDI in retail, crucial UPA ally DMK on Wednesday said its decision would be taken keeping in mind the interest of small and medium traders.

 

"Small and medium retail traders in Tamil Nadu are apprehensive that Foreign Direct Investment would greatly affect them. We would discuss and take a decision on this (FDI) keeping their interest in mind," DMK president M Karunanidhi told reporters here.

 

To persistent queries on why DMK was maintaining a suspense on its stand over the FDI issue and whether it would support a no-confidence motion against the UPA government, Karunanidhi, also a well-known screenplay writer, said: "I have written the script for more than 100 films. A film would be successful only if it has suspense."

 

When asked whether DMK would support Left parties and some other parties' proposed resolution with provision for voting in Parliament on FDI, he said the party's views would be made known after consultations with DMK Parliamentary Party members.

 

Karunanidhi had yesterday said DMK's stand on FDI in retail would be known when a Bill on it was brought before Parliament during the winter session beginning on November 22.

 

In case of voting, the support of DMK, the second largest UPA ally with 18 Lok Sabha MPs after the exit of Trinamool Congress, is crucial for the UPA.

 

DMK has opposed the Centre's decision to allow FDI in multi-brand retail sector and had even supported the nation-wide bandh called by various parties in September.

 

Karunanidhi had then said his party would support if the Opposition moved a resolution in Parliament against FDI in retail.

 

While Trinamool Congress chief Mamata Banerjee has threatened a no-confidence motion, the Left parties have decided to move motions under voting rules in both Houses of Parliament to reject government's decision on the issue.

 

BJP to oppose govt on FDI in retail


Refusing to give up on the FDI in multi-brand retail issue which could affect its core vote bank of small traders, BJP on Wednesday said it will oppose the government decision in Parliament and try to build a joint strategy with NDA partners and other political parties.

 

"BJP will strongly oppose the government decision on FDI in multi-brand retail in the forthcoming winter session of Parliament. This decision is not in the interest of the country," party chief spokesperson Ravi Shankar Prasad said.

 

He announced that BJP will discuss its strategy with other NDA partners and also get in touch with political parties which have reservations on the issue.

 

The NDA allies are likely to hold a meeting on November 21, a day before the winter session begins.

 

"We would like to put the government on the mat on this issue. In November 2011, the then finance minister had announced in the Lok Sabha that a decision on FDI in multi-brand retail will be taken only after consulting all concerned sections. A similar statement was made by the then commerce minister in the Rajya Sabha," Prasad said.

 

BJP charged that this promise has been violated by the government as it has taken the decision unilaterally.

 

But the principal opposition is not yet clear to what extent it will go against the government in Parliament.

 

Though the opposition claims to have support of majority of MPs in both Houses on the issue, the NDA is unlikely to press for a vote on the issue.

 

Asked if BJP and NDA would rally behind Mamata Banerjee's TMC in case it seeks division of votes to embarrass the government, the party said it will decide its future course of action in the NDA meeting.

 

The Left parties are also opposed to the decision.

 

But the opposition designs may be thwarted by the chair in both Houses if it denies permission for a motion on the issue. Government has the right to bring FDI in multi-brand retail through an executive decision.

 

A discussion without voting is, however, possible.


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News Networkwork
May 14,2020

Bengaluru, May 14: ABB India has posted a profit after tax of Rs 66 crore during the first quarter (January to March) due to lower volumes including service revenue and unfavourable mix.

In Q1 CY19, it had reported a profit after tax of Rs 89 crore. ABB India follows calendar year as its fiscal year.

The company reported a profit including exceptional items and before tax of Rs 87 crore. The resultant under-absorption and mark-to-market impact due to forex volatility were partly offset by refund incomes and a one-time gain on sale of solar business during the quarter.

Revenues for the first quarter stood at Rs 1,522 crore, impacted by lower sales, non-receipt of delivery clearance, lower service revenue in the nationwide lockdown due to the COVID-19 pandemic. This impact primarily occurred in March, the company said in a statement.

ABB India said it continues to maintain a stable cash position of Rs 1,464 crore as on March 31 in a market where cash collection continues to be a challenge.

Besides, despite many activities coming to a standstill in March, the quarter was marked by commissioning for a mining major at Raigarh in Chhattisgarh, electrical and automation systems for a cement major and port and electrics, drives and automation for a leading mill in Bangladesh.

Terminal installation and commissioning for LPG, power management electrical control system for a leading refinery and commissioning of two units of a power plant in Kerala are some of the other projects where ABB's involvement ensured continuity and safe operations, it said.

On a global scale, the impact of COVID-19, as well as the fall in oil prices, has significantly impacted the short-term outlook. The global economy is expected to contract in 2020 after a rapid deterioration in outlook driven by the pandemic.

Despite unprecedented stimuli by governments and central banks around the world and initial signs of recovering economic activity in China, macro-indicators point to a global recession of uncertain duration as many countries continue to face restrictions with anticipated long-term economic consequences, said ABB India.

While the company is taking prompt action to adapt its operations and cost base to safeguard profitability, it expects the results in the coming quarter to be impacted due to the loss of volumes.

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Agencies
May 5,2020

Jammu and Kashmir, May 5: Awarding the prestigious Pulitzer Prize to three Indian photographers, the Pulitzer Board at Columbia University claimed that it was for their work in Kashmir as "India revoked its independence".

The award to Channi Anand, Mukhtar Khan and Dar Yasin in the feature photography category for their pictures for the Associated Press was announced on Monday.

The prizes, considered the most prestigious for US journalism, are associated with the university's Graduate School of Journalism where the judging is done and is announced, although this year it was done remotely.

Besides a certificate, the prizes carry a cash award of $15,000, except the public service category for which a gold medal is awarded.

The public service prize went to The Anchorage Daily News for a series that dealt with policing in Alaska state.

In making the award to the three, the Board said on its website that it was "for striking images of life in the contested territory of Kashmir as India revoked its independence, executed through a communications blackout".

Besides making the false claim about "independence" of Kashmir being "revoked", the board that includes several leading journalists did not explain how their photographs could have reached the AP within hours of the incidents recorded "through a communication blackout".

India's Central government only revoked Article 370 of the Constitution that gave Jammu and Kashmir a special status and it was not independent.

Indian journalists were allowed to operate in Kashmir, while only non-Indian journalists were barred.

The wording of the award announcement calls into question the credibility of the Pulitzer Board that gives out what are considered prestigious journalism awards.

The portfolio of pictures by the three on the Pulitzer web site included one of a masked person attacking a police vehicle and another of masked people with variants of the Kashmir flag, besides photos of mourners and protesters.

One of the finalists for the Pulitzer Prize for explanatory journalism was a reporter of Indian descent at The Los Angeles Times, Swetha Kannan, who was nominated for her work with two colleagues on the seas rising due to climate change.

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News Network
July 9,2020

Ujjain, Jul 9: Kanpur encounter main accused Vikas Dubey has been arrested at a police station here on Thursday, as per sources in the Uttar Pradesh government.

"Vikas Dubey, the main accused in Kanpur encounter case, has been arrested at a police station in Ujjain," said UP government sources.

Dubey is the main accused in the encounter that took place in Kanpur last week, in which a group of assailants allegedly opened fire on a police team, which had gone to arrest him.

Eight police personnel were killed in the encounter.

Earlier today, Bahua Dubey and Prabhat Mishra, close aides of the main accused, were killed in separate encounters in Etawah and Kanpur respectively.

Whereas, Shyamu Bajpai, also an aide to Dubey, has been arrested by Chaubeypur police following an encounter. He carried a reward of Rs 25,000. Uttar Pradesh's Special Task Force (STF) had gunned down Vikas Dubey's close aide Amar Dubey in Hamirpur district, earlier on Wednesday.

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