123 go: FDI vote gives UPA the reforms edge

December 8, 2012
maya

New Delhi, December 8: Eventually, it turned out to be a stroll rather than the tough climb it was billed to be. The Congress humbled the opposition in the vote on allowing FDI in retail in the Rajya Sabha by a convincing margin of 21 votes: a scoreline which was facilitated by desertions from the opposition ranks and support from all but one of the Independents.

The victory — 123 votes for FDI to 102 against —is likely to be a spur for the government to seek the passage of more reforms legislations. "Certainly, we are going to bring in more legislation in the coming weeks in Parliament (financial bills) and we will be engaging all political parties on it," parliamentary affairs minister Kamal Nath told reporters after the Rajya Sabha vote.

SP, BSP bail out government again

The debate for FDI in retail in Rajya Sabha carried the trademark stamp of the Congress's fabled "management" skills. V Maitreyan of the AIADMK, who initiated the debate, called the 123-102 scoreline a victory of Kamal Nath, the parliamentary affairs minister, and the House, otherwise deeply divided, agreed.

The floor management saw three of the five TDP members abstaining, along with two belonging to the NDA — Shiv Sena's R K Dhoot and Jharkhand Mukti Morcha's Sanjeev Kumar. The Congress also got Upendra Kushwaha, a JD(U) rebel who risks losing his membership under the Anti-Defection Act, to vote for the government.

The Samajwadi Party and the BSP, bitter rivals in UP, were again united in bailing out the government, disregarding their anti-Congress posture. Fifteen members of the BSP, which is keen to avoid Lok Sabha polls, voted against the opposition, while those belonging to the SP, which would not wish Mayawati to be the government's principal rescuer, walked out in time to facilitate the government's task.

The Congress also bagged the support of all Independents in the House, excepting A V Swamy. Vijay Mallya, Rajeev Chandrasekhar, Mukesh Ambani's aide Parimal Nathwani, Mohammad Adeeb, Ahmad Saeed Malihabadi and SP rebel Amar Singh all went the same way.

Such was the Congress's confidence that minister of state for parliamentary affairs Rajeev Shukla sought a recount when the electronic scoreboard showed that the government had eked out a narrow victory with 123-109 margin. The slim gap suggested that the government would have lost had the BSP not voted for it. The revised tally validated Shukla's confidence. "This shows that we would have won even without BSP's vote," a triumphant Shukla said, proclaiming the result as reflecting the yearning for stability and faster economic reforms.

The presence of Mallya, who NDA assumed would stay abroad, and the preference of Chandrasekhar, whom the BJP had banked upon, was a tribute to the painstaking work the Congress put in to escape what had threatened to be a big political embarrassment. There was a strong element of intrigue about the absence of three TDP members, with political circles wondering whether senior party leader Devender Goud and leader of the party in the House Y S Chowdary, along with Sudharani Gundu, acted without a wink from party leader N Chandrababu Naidu.

Congress sources denied, although not very convincingly, efforts made by Kamal Nath to play on the pro-reforms instincts of Naidu who has diverse business interests.

Stressing that more members had criticized FDI and, therefore, the outcome could not be called an endorsement of government's policy to let in foreign retailers, Maitreyan said, "It is not commerce minister Anand Sharma but parliamentary affairs minister Kamal Nath who has won. If the government wins it is going to be the victory of management and not the policy because the majority of speakers in the House have opposed the policy."

He also said the policy would be reversed after Congress's loss in the next Lok Sabha election. Former minister Ambika Soni rubbished the assertion. "Let the nine-member party first get the numbers to form the government," she said.

Nath had on Wednesday impressed upon Mayawati that government's defeat in Rajya Sabha would set in motion a trend leading to Lok Sabha elections at a time when the BSP is still trying to recover from the drubbing in the UP assembly polls.

Although BSP's switch to the government camp had settled the issue on Thursday itself, Congress left nothing to chance with Prime Minister Manmohan Singh, according to Congress sources, himself working the phone.

NCP's Janardan Waghmare, who is bed-ridden because of a fractured bone and had been counted out, was brought in on a stretcher and voted for the government from the lobby. Another ailing member, Congress's N Janardhana Reddy, arrived on a wheel chair, helped by special arrangements put in place by Andhra Pradesh chief minister Kiran Reddy at Nath's behest.

Actrees Rekha, along with other Independent members, turned up to cast what leader of opposition Arun Jaitley had on Thursday called "thanksgiving vote".

In all, 10 members skipped the vote for various reasons. They include cricketer Sachin Tendulkar, JD(U)'s Vashista Narain Singh, BJD discard Pyari Mohan Mahapatra, Congress's ailing member Murli Deora and Lalhming Liana of Mizo National Front.

Earlier, while replying to the debate on FDI in multi-brand retail, commerce minister Sharma maintained that the move was essential for the country's growth and rejected the opposition's contention that it would hurt small retailers and farmers and harm the manufacturing sector.

Sharma accused the opposition of creating a scare over the issue and rejected Jaitley's contention that the measure would lead to India becoming a nation of sales boys and sales girls. "You have scared foreign investors who want to visit India," he said.


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News Network
June 30,2020

New Delhi, Jun 30: In a huge blow to popular apps such as TikTok, the Indian government has banned as many as 59 apps that are owned by Chinese companies. The latest announcement comes close on the heels of a rumour of the same, which was termed a hoax by the government. A press release by the Ministry of Electronics and Information Technology has listed 59 apps that will be blocked on internet and non-internet served devices in India, citing reasons that these apps "are engaged in activities prejudicial to sovereignty and integrity of India, defence of India, the security of state and public order."

Government of India's orders follow the tensions rampant at the Indo-China border after some Indian soldiers were martyred at the Galwan river valley. Ever since the incident, there has been an uproar on social media urging boycott of anything that is related to China, including smartphone brands and apps. While there has been no announcement for the Chinese smartphone brands, the government has immediately blocked as many as 59 apps in India. This means they will not function in India, in addition to their discontinuation on both Google Play Store and App Store at large.

Here are the 59 Chinese apps that have been blocked by the Indian government:

1.            TikTok

2.            Shareit

3.            Kwai

4.            UC Browser

5.            Baidu map

6.            Shein

7.            Clash of Kings

8.            DU battery saver

9.            Helo

10.          Likee

11.          YouCam makeup

12.          Mi Community

13.          CM Brower

14.          Virus Cleaner

15.          APUS Browser

16.          ROMWE

17.          Club Factory

18.          Newsdog

19.          Beauty Plus

20.          WeChat

21.          UC News

22.          QQ Mail

23.          Weibo

24.          Xender

25.          QQ Music

26.          QQ Newsfeed

27.          Bigo Live

28.          SelfieCity

29.          Mail Master

30.          Parallel Space

31.          Mi Video Call - Xiaomi

32.          WeSync

33.          ES File Explorer

34.          Viva Video - QU Video Inc

35.          Meitu

36.          Vigo Video

37.          New Video Status

38.          DU Recorder

39.          Vault- Hide

40.          Cache Cleaner DU App studio

41.          DU Cleaner

42.          DU Browser

43.          Hago Play With New Friends

44.          Cam Scanner

45.          Clean Master - Cheetah Mobile

46.          Wonder Camera

47.          Photo Wonder

48.          QQ Player

49.          We Meet

50.          Sweet Selfie

51.          Baidu Translate

52.          Vmate

53.          QQ International

54.          QQ Security Center

55.          QQ Launcher

56.          U Video

57.          V fly Status Video

58.          Mobile Legends

59.          DU Privacy

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News Network
April 17,2020

New Delhi, Apr 17: A total of 3,336 Indians tested positive for coronavirus in 53 countries while 25 others died of the infection, government sources said on Thursday.

They said the Indians stranded abroad will have to be patient as the government is not evacuating them as part of a larger policy decision to check the spread of the coronavirus in the country.

"They need to be patient and stay where they are. Our missions have been told to extend all possible help to the stranded Indians," said a source.

According to the sources, evacuation of around 35,000 foreign nationals from 48 countries has been facilitated so far from India.

The sources said the majority of Indians who tested positive for the coronavirus infection are living in the Gulf region. A sizeable number of Indians staying in France and the US have also tested positive.

They said that Indian missions in the Gulf region have been told to extend all possible assistance to the Indians in distress.

Around eight million Indians are living in the Gulf countries and there has been growing anxiety among them over their livelihood in view of the pandemic as it has majorly impacted the oil-driven economy of the region.

Almost all Gulf countries have taken a series of drastic measures including imposing total lockdown, travel restrictions and even closing borders to stem the spread of the coronavirus infection.

The United Arab Emirates has already warned of possible action against countries refusing to allow their citizens to return.

Around 3.3 million Indians are living in the UAE and they constitute roughly 30 per cent of the country's population. Among the Indian states, Kerala is the most represented followed by Tamil Nadu and Andhra Pradesh.

A large number of Indians are working in the construction sector in Qatar which is hosting the FIFA World Cup in 2022.

As a matter of policy, India has decided not to bring back the stranded Indians from abroad till the nationwide lockdown ends.

The issue of Indians in Gulf region figured prominently during Prime Minister Narendra Modi's video conference with heads of Indian missions abroad on March 30.

Welfare of Indians in the Gulf was the major focus area in the discussions Modi had with leaders of countries in the region over the last few weeks, officials said.

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News Network
January 24,2020

Jan 24: India’s economy appears to be shaking off a slump, as activity in the services and manufacturing sectors expanded for a second straight month in December.

The needle on a gauge measuring so-called animal spirits signaled the economy may be taking a turn for the better, as five of the eight high-frequency indicators tracked by Bloomberg News came in stronger last month. The dial was last at the current position in August.

“Animal spirits” is a term coined by British economist John Maynard Keynes to refer to investors’ confidence in taking action, and the gauge uses the three-month weighted average to smooth out volatility in the single-month numbers.

The nascent recovery would need a helping hand, with expectations building that Finance Minister Nirmala Sitharaman will provide some stimulus when she presents the budget Feb. 1. Official forecasts show the economy is set to expand at 5% in the year ending March 2020 -- the weakest pace in more than a decade.

Here are the details of the dashboard:

Business Activity

The dominant services index rose to the highest level in five months in December as improving new work orders helped boost activity. The seasonally adjusted Markit India Services PMI index climbed to 53.3 from 52.7 in November, helping post a strong end to the calendar year.

India’s manufacturing PMI also rose -- to 52.7 from 51.2 a month ago -- boosted by the fastest increase in new orders since July. A reading above 50 means expansion while anything below that signals contraction.

The uptick in business confidence was accompanied by a rise in inflationary pressures, the survey showed. That trend may keep monetary policy makers from resuming interest-rate cuts anytime soon, leaving most of the heavy-lifting to boost growth with the government.

“The relative stability in macro indicators over the past two months suggests that the worst is behind, but the recovery is likely to be prolonged,” said Teresa John, an economist at Nirmal Bang Equities Pvt. in Mumbai. “Still, sluggish growth and rising inflation indicate that India may well remain in stagflation for most of 2020.”

Exports

Exports remained a laggard, falling 1.8% in December from a year ago. The drag was mainly because of a fall in export of engineering goods, which constitute a third of India’s non-oil exports.

Capital goods imports continued to contract and was lower by 16.5% year-on-year in December after a 22% drop in November. This was the seventh consecutive month of continuous decline, underscoring the weakness in the capex cycle, according to IDFC First Bank.

Consumer Activity

Weakness in demand for passenger vehicles persisted, with local sales falling 1.2% in December from a year ago, according to the Society of Indian Automobile Manufacturers. That capped the worst yearly passenger vehicle sales on record. A Nielsen study on demand for fast-moving consumer goods showed volume growth dropped to 3.5% in the last quarter of 2019 from 3.9% in the same period of 2018.

Funding conditions held out hope, showing considerable improvement in December, according to the Citi India Financial Conditions Index. Credit growth remained tardy though, with demand for loans rising at a slower 7.1% pace from a year ago compared with a nearly 8% growth in November.

Industrial Activity

Industrial output rose for the first time in four months in November. The pick up was broad-based, led by mining, manufacturing and electricity. Mining and manufacturing, in particular, posted a second month of sequential growth. Production of consumer goods also rose after a few months of contraction.

The index of eight core infrastructure industries, which feeds into the index of industrial production, however, declined 1.5% in November from a year ago -- the fourth straight month of contraction. That was on account of shrinking production of electricity, steel, coal, natural gas and crude oil. Both the core sector and industrial output numbers are reported with a one-month lag.

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