Ready for run-off poll with BJP: AAP

December 11, 2013
New Delhi, Dec 11: Amid speculation of Delhi facing re-election as no party came forward to form a government, the Aam Aadmi Party on Tuesday said it was ready for re-poll and this time, it would be a contest between itself and the BJP.

repoll

“We are ready for it (re-election). At present, we will neither take, nor extend support to either the BJP or the Congress to form the government. But unlike this election, the next election would be contested between the BJP and the AAP, as the Congress has lost badly,” AAP national convener Arvind Kejriwal said.

The party will also change some of its candidates, who are considered weak, in case of a re-poll, Kejriwal said.

Asked about government formation, Kejriwal said as the single largest party, the BJP should form the government and take support from the Congress. “The BJP has been given the mandate. It is the single largest party. So, it should try and form the government taking support of the Congress,” he said. The AAP leader said the similarity between the party’s election symbol “broom” and “torch”, which was given to some “dummy” independent candidates in about eight to nine constituencies, was the reason they lost in those constituencies.

He said exit polls also harmed the party, as the results came in the evening but polling continued till 9:30 pm.

“Because of this, most of these votes were polled in favour of the BJP,” Kejriwal said. “In these constituencies, the AAP lost by a wafer-thin margin.”

Kejriwal’s assertion came after the Congress on?Tuesday gave indications of extending outside support to a government in Delhi headed by the AAP.

Congress sources said eight party MLAs met All India Congress Committee general secretary in charge of Delhi Shakeel Ahmed during the day and floated the idea of backing the AAP government.

Ahmed told reporters that some Delhi leaders were keen on giving unconditional support to the AAP to form the government. “Any decision on the issue will be taken by the party high command,” he said.

However, Congress spokesperson Raj Babbar during a press briefing did not mention the Delhi Congress leaders’ view of backing the AAP.

He said since the BJP (32 seats) and the AAP (28 seats) have emerged as the two big parties in the House, they should honour the mandate by forming the government in Delhi. On a day when the Election Commission notified the results of Delhi Assembly elections, BJP’s chief ministerial candidate Harsh Vardhan continued to claim that the party lacked the numbers and it was not looking at government formation.

Harsh Vardhan was also elected leader of the legislature party at the first meeting of 31 BJP lawmakers and the lone legislator from party ally Shiromani Akali Dal at the Delhi unit office.

Soon after the meeting, he said: “We cannot form a government due to a fractured mandate. We are ready to fight the election again, if required.”

Kejriwal tweeted during the day that his party would neither take nor give support to the BJP or the Congress.

He told reporters: “Let the BJP and the Congress join hands (to form the government) as they are like-minded parties. We are a small party, we have small numbers and lack the means to form the government with 28 legislators.”

The AAP heavyweight, who defeated chief minister Sheila Dikshit in the New Delhi constituency, seemed to be in a damage-control mode over party colleague Prashant Bhushan’s reported comment on a hypothetical situation in which they could support the BJP in government formation.

"There is no question of supporting the BJP. What Prashant said on Monday was his personal opinion," he tweeted.

Bhushan told a TV channel on Monday that the AAP “may consider” supporting the BJP if the party gives in writing that it will pass the Jan Lokpal Bill.

As the spectre of a re-poll loomed over the city—an exercise that costs about Rs 40 crore —TV channels started interviewing people on their opinion whether the city could afford another election.

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News Network
January 21,2020

Jan 21: Indian policymakers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home.

Investors are speculating about potential steps Finance Minister Nirmala Sitharaman could unveil when she presents the nation’s budget on Feb. 1. These measures may include freeing up firms to borrow at higher rates and offering tax breaks to global funds.

“The government will need to relax local rules to make it easier for Indian companies to raise debt overseas and tide over the funding crunch in the onshore market,” said Raj Kothari, London-based head of trading at Jay Capital Ltd. “At the same time, they need to ensure that the borrowers tapping offshore markets abide with stricter corporate governance so as to avoid further defaults.”

A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding. The government has tried a series of measures to spur domestic credit, including providing so-called credit enhancement and allowing tiny firms to restructure debt.

Here are some steps Sitharaman may consider to spur foreign borrowing:

• She could raise the cap of 450 basis points above Libor, which limits overall foreign debt costs for Indian companies

• This could help lower-rated firms sell bonds abroad. Indian companies rated BBB currently borrow at more than 10%, about 3.8 percentage points more than their top-rated peers;

• Sitharaman could waive the withholding tax foreign investors need to pay on holdings of rupee-denominated debt sold by Indian companies abroad

• The waiver was offered between September 2018 to March 2019, but wasn’t extended as the highest global interest rates since the financial crisis deterred Indian borrowers. Since then, the three-month Libor has dropped by about 1 percentage point

• She could permit Indian property developers and housing finance lenders to sell overseas bonds for reasons beyond affordable housing projects

• New funding lines to the real estate sector, arguably ground zero of India’s economic slowdown, could help kickstart consumption and investment as the industry is the nation’s biggest job-creator.

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News Network
March 5,2020

Mar 5: The fourteen Italians, who have tested positive for coronavirus, have been shifted to the Medanta Hospital in Gurgaon from an ITBP quarantine centre.

The hospital issued a statement on Thursday morning, saying these patients are housed on a completely separate floor, which has been quarantined and has no contact with the rest of the hospital.

There is a dedicated medical team wearing protective gear looking after these patients.All items used on the floor are isolated to that floor.

The isolated floor will completely contain the disease even with these asymptomatic persons. All other hospital operations are operating as normal, and there is no increased risk to patients, visitors or staff, the statement said.

Twenty-one Italian tourists and their three Indian tour operators were shifted out from an ITBP quarantine centre here on Wednesday as they were exposed to novel coronavirus.

An affected Italian couple is being treated at Jaipur's SMS medical college.

Officials on Tuesday said the foreigners have been sent to a private hospital in Gurgaon and a centre in the national capital while the Indians have been transferred to the Safdarjung Hospital.

Fourteen Italians and an Indian (driver), who were in the same group as the affected Italian couple, tested positive for the virus as per information provided by the Health Ministry.

The Italian tourists and three Indians were admitted to the Indo-Tibetan Border Police (ITBP) force centre in Chhawla on Tuesday.

The Centre already has 112 people, 76 Indians and 36 foreigners, since February 27 after they were evacuated by an Indian Air Force (IAF) plane from China's Wuhan, the epicentre of the deadly coronavirus.

The first samples of these 112 people had tested negative when reports came in last week.

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News Network
March 21,2020

New Delhi, Mar 21: Novel coronavirus cases in India rose to 258 on Saturday after 35 fresh cases were reported in various parts of the country, according to the Health Ministry.

Among the 258 are 39 foreign nationals, including 17 from Italy, three from the Philippines, two from the UK, one each belonging to Canada, Indonesia and Singapore.

The total figure also includes four deaths reported from Delhi, Karnataka, Punjab and Maharashtra.

"The total number of active COVID-19 cases across India stands at 231 so far," the ministry said, adding that 23 others have been cured/discharged/migrated while four have died.

Delhi has, so far, reported 26 positive cases, which include one foreigner, while Uttar Pradesh has recorded 24 cases, including one foreigner.

Maharashtra has 52 cases, including three foreigners, while Kerala has recorded 40 cases, which include seven foreign nationals.

Karnataka has 15 coronavirus patients. The number of cases in Ladakh rose to 13 and Jammu & Kashmir four. Telangana has reported 19 cases, which include 11 foreigners.

Rajasthan has also reported 17 cases, including two foreigners. Gujarat has reported seven cases so far.

Tamil Nadu, Andhra Pradesh and Uttarakhand have reported three cases each.

West Bengal, Odisha and Punjab each reported two cases while Puducherry, Chhattisgarh and Chandigarh reported one case each.

In Haryana, there are 17 cases, which include 14 foreigners.

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