UP opposition parties learn lessons from Karnataka

Agencies
May 20, 2018

The outcome of Karnataka assembly polls has underlined the need for the opposition parties in Uttar Pradesh to prevent a split in the anti-BJP vote in the 2019 Lok Sabha polls, party leaders said.

Opposition parties like the Samajwadi Party, the Bahujan Samaj Party and the Congress argue that it was a division in the anti-BJP vote that allowed the saffron party to emerge as the single largest party in Karnataka.

"There is a strong need to chalk out a strategy to ensure that the anti-BJP votes do not get divided to give it (BJP) any advantage in the coming elections," SP spokesman Rajendra Chaudhary told PTI here.

Elections now have to be fought strategically, he said.

That success can be achieved through unity has been proved very well in Gorakhpur and Phoolpur, where the SP wrested the seats from the ruling Bharatiya Janata Party with the help of the BSP, Chaudhary said.

Airing similar views, Congress spokesman Dwijendra Tripathi said going by the Karnataka results, it has become all the more important to go to the polls unitedly to not only win elections but also to save the constitutional bodies.

"What is most important today is to keep the BJP out of power and save the Constitution," Tripathi said.

While reacting to the Karnataka results, BSP president Mayawati said the Congress should not repeat the mistake it committed while campaigning in Muslim-dominated areas, terming the Janata Dal (Secular) as the 'B-team' of the BJP.

This, she suggested, had helped the BJP win those seats."It is my suggestion to the Congress not to use such language in the future which could help the BJP and the RSS in future elections," Mayawati had said.

Rashtriya Lok Dal spokesman Anil Dubey said his party was always of the opinion that all like-minded non-BJP parties should come on one platform to stop the BJP.

"The lesson to learn from the Karnataka election is that only a collective opposition can check the BJP and the past record proves this point," Ramesh Dixit, political analyst and former head of the political science department at Lucknow University, said.

In the context of the coming Lok Sabha elections, he suggested it was for the Congress – with its pan-India reach and the ambition to form government in Delhi – to reach out to the smaller parties with a strong base in different parts of the country.

The Congress has to learn from the BJP how it entered into an alliance with the Suheldev Bharatiya Samaj Party and the Apna Dal for the UP assembly polls despite its government being comfortably placed at the Centre, Dixit said.

Leaders who urge opposition unity draw attention to the past two elections in UP where the BJP won convincing victories even though the collective vote share of the non-BJP parties was bigger.

In the last assembly polls in Uttar Pradesh in 2017, the saffron party posted a landslide victory bagging 325 of the 403 seats, with a vote share of 41.35 percent.

In comparison, the SP which was reduced to 54 seats from 224 in the previous assembly election got 28.07 percent of the vote. The BSP came down to 19 seats from 80, getting 22.23 percent votes.

In the 2014 Lok Sabha election, BJP won 71 out of 80 seats with its alliance partner the Apna Dal getting two more, beating the opposition parties hands down.

The BJP got 42.63 per cent votes and the Apna Dal 1.01 percent.

In comparison, the SP won a mere five seats with 22.35 percent votes in 2014. The BSP polled 19.77 percent votes but drew a blank. The Congress got two seats with a 7.53 percent vote share.

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News Network
January 27,2020

Jan 27: Bollywood Film Director Anurag Kashyap, who has been vocal about his political views on social media, slammed Union Minister Amit Shah and accused him of being 'cheap'.

"How timid our Home Minister is. Its own police, its own goons, its own army and security increases and invades unarmed protestors. Amit Shah has crossed the extent of cheapness and inferiority. History will spit on this animal," Kashyap tweeted.

The film director has taken an active part in the anti-Citizenship Act protest rallies and was against the Jawaharlal Nehru violence. He also came in support of his contemporary Deepika Padukone when the latter faced backlash for showing up at JNU in support of the students.

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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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Agencies
August 8,2020

Idukki, Aug 8: Nine more bodies have been recovered from the landslide ravaged Pettimudi near Munnar in Idukki on Saturday. With this the death toll in the tragedy reached 26. Around 40 are feared to be still trapped under the debris or washed away.

The rescue operation by NDRF and Fire and Rescue Services that was stopped by Friday evening due to poor light and bad weather resumed by Saturday morning.

Horrifying scene prevailed in the area as relatives of the missing people screamed around in search of their beloved ones. As it is nearly 48 hours since the incident happened, the chances of recovering missing persons alive from the debris is becoming bleak. Three of the bodies recovered on Saturday could not be identified till evening.

Kerala Revenue Minster E Chandrasekharan, who visited the area on Saturday, said that search operation would be carried out until all the missing are recovered.

It was by around 11.30 pm on Thursday that landslide had hit the Nayamakkad estate of Kannan Devan Hills and Plantations. Settlement clusters of plantation workers where 83 persons were staying were reduced to debris as the huge rocks came bulldozing. Five of the residents were reported to be not in the spot while the mishap occured.

Meanwhile, heavy rains led to floods at many parts of the state. Red alert has been issued at Idukki, Malappuram and Wayanad districts for Sunday also. A total of 11,446 persons of 3,530 families were shifted to relief camps across the state, of which major chunk is at Wayanad.

Chief Minister Pinarayi Vijayan said that water level at most dams is increasing swiftly.

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