Protests erupt over Telangana: 2 reportedly commit suicide; Congress ministers remonstrate

August 1, 2013

Protests_erupt_Telangana

Hyderabad, Aug 1: Several Ministers from coastal Andhra and Rayalaseema on Wednesday remonstrated with Chief Minister N. Kiran Kumar Reddy the decision on creation of Telangana even as protests erupted in non-Telangana regions of the state against the contentious move.

Several ministers from non-Telangana region, who had threatened to quit if the Congress decided to carve a new state out of Andhra Pradesh, met Reddy and one of them - Erasu Pratap Reddy - said he had 'already submitted' his resignation to the party.

Hyderabad will be a common capital for 10 years. Comment.

A group of ministers including T.G. Venkatesh, Erasu Pratap Reddy, Ganta Srinivas and Pitani Satyanarayana met the Chief Minister in the afternoon and discussed the fallout of the party high command’s decision.

"We (ministers and MLAs from the two regions) will meet again tomorrow and decide the course of action," Reddy and Venkatesh said after the meeting.

"Nothing has happened yet. Only the Congress has announced its decision. We are still hopeful that the process (to create Telangana) will not go through," they said.

Since Tuesday night, about a dozen MLAs belonging to the ruling party from Andhra-Rayalaseema claimed to have resigned their seats but sources in the Legislature Secretariat did not confirm having received any such letters.

Rallies, demonstrations across Andhra-Rayalaseema

Widespread protests were witnessed in several parts of Andhra and Rayalaseema regions with people taking to streets, organising rallies, demonstrations and burning tyres and effigies of UPA leaders as part of the bandh being observed today by different outfits.

Normal life was disrupted as educational institutions and commercial establishments remained closed and the services of state-run Andhra Pradesh Road Transport Corporation (APSRTC) were suspended in Kadapa, Chittoor, Visakhapatnam and Krishna.

The agitators squatted on roads to prevent the buses from plying.

Suicides, violence reported

Two persons, including a home guard, reportedly committed suicide in Vizianagaram and Guntur districts protesting the move to divide the state. At some places like Eluru, incidents of violence were reported, with protestors attacking a private educational institution and government offices, damaging furniture and setting private vehicles on fire.

Educational institutions remained shut across Andhra-Rayalaseema while lawyers boycotted work at many places. Tension prevailed in Anantapur district after police lobbed teargas shells on Samaikhyandhra protesters who pelted them with stones.

Hundreds of slogan-raising protesters took to streets and pelted stones on policemen near Arts College and other parts of Anantapur town, prompting the police to fire teargas shells.

"The situation is tense but under control. We had to fire teargas shells to disperse the protesters following stone pelting," a senior police official told PTI over phone from Anantapur town.

Indira, Rajiv Gandhi statues damaged

The protesters also allegedly damaged statues of former Prime Ministers Indira Gandhi and Rajiv Gandhi at a few places, besides ransacking a Mandal Revenue office (MRO) in Anantapur, he said adding the agitators also attacked offices of BJP with stones and tried to lay siege to the residence of state revenue minister Raghuveera Reddy.

The police chased away the protesters at many places in the town and some of them have also been taken into custody, he said. In Vijayawada, students gathered at squares and held road blockades to protest the decision to partition the state.

President of Vijayawada Chamber of Commerce and Industry Velampalli Ramachandra Rao told PTI that commercial establishments were closed as traders supported the shutdown. Government employees also supported the bandh call.

The Bar Association of Vijayawada appealed to its members not to attend courts.

In Visakhapatnam, 'Samaikyandhra' students' Joint Action Committee (JAC) and various other organisations held protests. Students' JAC leader Lagudu Govinda, who launched a hunger strike on the Andhra University campus Tuesday night, said his agitation would continue till the Congress high command reversed its decision.

In East Godavari, two platoons of paramilitary forces and as many BSF battalions were deployed as a precautionary measure even as a total bandh was observed in the district, Superintendent of Police Ravikumar said.

Some state-run buses were also damaged due to stone pelting following which five activists were rounded up, they said. Congress and TDP activists also clashed outside TDP office at Gokavaram bus stand in Rajahmundry but were dispersed later, they added.

In Guntur town, the proponents of united Andhra, including Congress activists, organised rallies demanding revocation of the resolution adopted by the Congress Working Committee for carving out Telangana from Andhra Pradesh.

Amid raging protests, Congress ministers and MLAs from Rayalaseema, who met Wednesday morning, demanded that the new capital be located in the Rayalaseema region.

"Kurnool (in Rayalaseema) was capital of Andhra state, but we sacrificed it for Hyderabad in AP. The state is being divided again. Hyderabad is developed. Now, it is not clear where the capital will be established. Our proposal is that we should get the capital, because we sacrificed," Law Minister E. Pratap Reddy told reporters after the meeting.

"Unless the package for Rayalaseema is specifically told to us, we cannot accept this," he said. "We will accept the new state only if we get our share of assured water (from river Krishna) and the new capital," one of them said.

Meanwhile, Telugu Desam Party president N. Chandrababu Naidu has asked the Centre to immediately constitute a committee of experts to assess the quantum of funds required to develop a new capital city for Andhra Pradesh.

"According to our rough estimates, a staggering Rs 4-5 lakh crore will be required to build a new capital and comprehensively create necessary infrastructure. The Centre should fund this and develop the new capital on par with Hyderabad," he said.

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Agencies
March 14,2020

New Delhi, Mar 14: India on Friday was mulling over the option of deporting The Wall Street Journal's South Asia deputy bureau chief for misreporting Delhi riots in which over 50 people were killed last month. However, the government denied that it had made any such decision.

Ministry of External Affairs spokesperson Raveesh Kumar said that a complaint was registered against Eric Bellman, the WSJ South Asia deputy bureau chief based in New Delhi, by a private individual on the government's online grievance redressal platform.

"Referring the complaint to the related office is a routine matter as per standard procedure. No such decision on deportation has been taken by the Ministry of External Affairs," Kumar said.

However, government-funded Prasar Bharati News Services had earlier tweeted screenshots of the complaint which was filed by an undersecretary in the Ministry of External Affairs, Vinesh K Kalra, saying that the ministry has asked the Indian embassy in the US to "look into the request for immediate deportation of Bellman for his "anti-India behaviour".

The official had complained to the embassy about Bellman's controversial reportage on the killing of an Intelligence Bureau staffer named Ankit Sharma.

The WSJ had reported that Ankit Sharma's brother had said that he was killed by a mob belonging to a particular religious community. Ankit's brother later told Indian media that he never spoke to the WSJ reporter.

After the Prasar Bharati tweet got circulated widely on social media, the government backtracked and said that no such decision has been taken.

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News Network
January 14,2020

Chennai/New Delhi, Jan 14: India's annual electricity demand in 2019 grew at its slowest pace in six years with December marking a fifth straight month of decline, government data showed, amid a broader economic slowdown that led to a drop in sales of everything from cars to cookies and also to factories cutting jobs.

Electricity demand is seen as an important indicator of industrial output in the country and a sustained decline could mean a further slowdown in the economy.

India's power demand grew at 1.1% in 2019, data from the Central Electricity Authority showed, the slowest pace of growth since a 1% uptick seen in 2013. The power demand growth slowdown in 2013 was preceded by three strong years of consumption growth of 8% or more.

In December, the country's power demand fell 0.5% from the year-earlier period, representing the fifth straight month of decline, compared with a 4.3% fall in November.

But in India's western states of Maharashtra and Gujarat, two of India's most industrialised provinces, monthly demand increased.

In October, power demand had fallen 13.2% from a year earlier, its steepest monthly decline in more than 12 years, as a slowdown in Asia's third-largest economy deepened.

Industry accounts for more than two-fifths of India's annual electricity consumption, while homes account for nearly a fourth and agriculture more than a sixth.

The slower demand growth is a blow for many debt-laden power producers, who are facing financial stress and are owed over $11 billion by state-run distribution companies.

India's overall economic growth slowed to 4.5% in the July-September quarter, government data released in November showed, the weakest pace since 2013 as consumer demand and private investment fell.

The government has estimated growth in the current financial year that runs through to March will be the slowest since the 2008 global crisis.

"This reflects overall economic slowdown, because if you look at other high frequency data like diesel consumption, everywhere you are seeing contraction," Rupa Rege Nitsure, chief economist at L&T Financial Holdings.

But India's central bank will not have much scope to cut rates to stimulate the economy because inflation has been rising sharply and reached 7.35% in December compared with 1.97% in January last year.

Economists say India's growth will continue to hover around 4.5% levels in the Oct-Dec quarter.

"In the Oct-Dec quarter as well growth (GDP) will be around the same level as July-September. My estimate for the full year is around 4.7% growth," Nitsure said.

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News Network
June 19,2020

Jun 19: Billionaire Mukesh Ambani on Friday announced that his oil-to-telecom conglomerate Reliance Industries is now net debt-free after raising a record Rs 1.69 lakh crore from global investors and a rights issue in under two months.

Reliance raised Rs 1.15 lakh crore from global tech investors by selling a little less than a quarter of the firm's digital arm, Jio Platforms Ltd, and another Rs 53,124.20 crore through a rights issue in the past 58 days.

Taken together with last year's sale of 49 per cent stake in fuel retailing venture to BP Plc of UK for Rs 7,000 crore, the total fund raised is in excess of Rs 1.75 lakh crore, the company said in a statement.

Reliance had a net debt of Rs 1,61,035 crore as on March 31, 2020. "With these investments, RIL has become net debt-free," it said.

"I have fulfilled my promise to the shareholders by making Reliance net debt-free much before our original schedule of March 31, 2021," Ambani said.

Jio Platforms - which houses the country's youngest but largest telecom firm Reliance Jio, raised Rs 1,15,693.95 crore from leading global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton and PIF since April 22, 2020.

Saudi Arabian sovereign wealth fund PIF buying 2.32 per cent stake in the unit for Rs 11,367 crore on June 18 "marks the end of Jio Platforms' current phase of induction of financial partners," the statement said.

Alongside, Reliance launched India's biggest right issue, which was subscribed to 1.59 times.

Though the rights issue size was Rs 53,124 crore, the company has got only 25 per cent of the money as the remaining is to be paid only next fiscal.

Ambani had at the company's annual general meeting on August 12, 2019, announced a roadmap for Reliance to become a net debt-free company before March 31, 2021.

"We have a very clear roadmap to becoming a zero net-debt company within the next 18 months that is by March 31, 202," he had said last year highlighting strong interest from strategic and financial investors in consumer businesses, Jio and Reliance Retail.

In the statement on Friday, he said he was both delighted and humbled to announce the fulfillment of the promise.

"Exceeding the expectations of our shareholders and all other stakeholders, again and yet again, is in the very DNA of Reliance," he said.

"Therefore, on the proud occasion of becoming a net debt-free company, I wish to assure them that Reliance in its Golden Decade will set even more ambitious growth goals, and achieve them," he added.

He said over the past few weeks, phenomenal interest was received from the global financial investor community in partnering with Jio.

"As our fundraising milestone from financial investors is achieved, we sincerely thank the marquee group of financial partners and warmly welcome them into Jio Platforms," he said.

"I also express my heartfelt gratitude to all the retail and institutional investors, both domestic and foreign, for their overwhelming participation in our record-setting Rights Issue," he added.

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