Ready to take job of Congress leader in LS if offered: Shashi Tharoor

Agencies
May 28, 2019

New Delhi, May 28: Rahul Gandhi is the best person to pull the Congress out of its predicament following the setback in the Lok Sabha polls, says party leader Shashi Tharoor while declaring that his party is “alive and kicking” and it is too premature to write its obituary.

The Congress has no time to sit and lick its wounds as it must immediately pick itself up for the upcoming state elections, Tharoor said.

The party faces an existential crisis with the party president adamant on his decision to quit after the poll debacle -- winning just 52 Lok Sabha seats -- and its state governments facing an uncertain future.

Tharoor, who scored an electoral hat-trick by winning from the Thiruvanathapuram seat in the Lok Sabha polls, also said he is ready to take on the job of the Congress’ leader in the Lok Sabha if offered the post.

The Congress still represents the only credible national alternative to the BJP and it will take its message to the country, hopefully under Gandhi’s leadership, he said.

In his view, the Gandhi-Nehru family will continue to command “great clout and respect” within the party, on the basis of the tremendous contributions it has made in shaping and guiding the party since Independence.

The former Union minister said Gandhi has led the party from the front and still has far more to offer to the party.

Asked about Gandhi’s offer to resign and if he was still Congress’ best bet in terms of leadership, Tharoor said attempts in the media to pin all the blame for the party’s electoral setback on his shoulders are simplistic and unfair.

“I think it does a disservice to the very complex challenges facing the Congress party to reduce it to a question of one person.

“While Rahulji has bravely taken full responsibility for the defeat, we all are responsible for what went wrong and we all have a responsibility to ensure the party’s revival,” the 63-year-old leader said.

Gandhi will easily beat any other interested candidate by a landslide if the party decides to hold a free and fair election tomorrow for the position of party president, he claimed.

 
“That is the kind of place he has built in the hearts of the rank and file of the Congress party and therefore, to my mind, he still undoubtedly remains the best person to help rally the party out of the predicament it finds itself in and help us collectively move forward,” Tharoor said.

Asked whether a non-Gandhi could lead the party, Tharoor said others can rise to prominent positions in the Congress and a case in point is that the last two Congress prime ministers were not Gandhis.

“Still, I have no doubt the Gandhi-Nehru family will continue to command great clout and respect within the party, just on the basis of the tremendous contributions they have made in shaping and guiding the party since Independence,” the former diplomat said.

Two former prime ministers from the Gandhi family -- Indira Gandhi and Rajiv Gandhi -- even sacrificed their lives for the nation and this is the proud legacy to which Rahul Gandhi is heir, he said.

Asked if the Congress still remains a credible alternative to the BJP, he said, “It’s far too premature to write any obituary for the party – as Kerala and Punjab have shown, we are very much alive and kicking.” Despite Congress’ poor showing across the country, the party performed well in Kerala and Punjab, winning 15 and eight seats respectively.

 “I strongly believe that we have no time to sit and lick our wounds and must instead pick up again immediately and effectively — not least because we have several state elections coming up, some of which are four or five months away,” he said.

Elections are due in the states of Jharkhand, Haryana and Maharashtra later this year.

Tharoor said he strongly disagreed with Swaraj India leader Yogendra Yadav’s recent “ill-considered” statement that the “Congress must die”.

 “I genuinely and passionately believe that what the Congress stands for and offers the nation is fundamentally indispensable to the future of the country,” he said.

The Congress represents an alternate vision of the idea of India, an inclusive and pluralist vision, that reflects truly the heart and soul of the country, Tharoor said.

Asked if he would take up the role of Congress leader in the Lok Sabha, he said, “If offered, certainly I would, but that is not for me to determine. It is clear, though, that since so many of our stalwarts have lost these elections, those of us who remain will have to pull our weight and take on extra responsibility. I am ready for that.” Talking about polarisation playing a role in elections, Tharoor said certainly the party has to understand why voters chose not to vote in their economic self-interest.

With unemployment at a 45-year high, farmers in such distress that record numbers are committing suicide, and small and micro enterprises are shutting down all over the country, one would think that economics would decide the election, he said.

 “...Why should a young man who voted for Modi in 2014 in the hope of getting a job vote for him again in 2019 when he still doesn’t have a job? And yet he did,” Tharoor said.

“Undoubtedly, the increasing religious polarisation was a factor. But it is not the whole story, I think. The larger-than-life personality cult around the PM seems to have convinced some voters that he is the only one to lead the country and keep it safe from real and imagined enemies, within and without,” he said. 

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News Network
March 16,2020

Mar 16: An investigation into Coffee Day Enterprises Ltd., initiated by its board after the death of founder V.G. Siddhartha, is likely to conclude that at least Rs 2,000 crore is missing from its accounts, according to people familiar with the matter.

The months-long probe following the suicide of Siddhartha in July examined the financial transactions of India’s largest coffee chain and its dealings with dozens of private companies owned by the entrepreneur. The draft report, running more than a hundred pages, points to thousands of rupees that have gone missing, said the people, asking not to be named because the details aren’t public. It also details hundreds of transactions between the founder’s listed and personal businesses that were not conducted at arm’s length, they said.

Though the report is in its final stages, the precise details could change before its release, expected as early as this week, the people said. The missing funds could total more than Rs 2500 crore, one person said.

“The investigation report is still a work in progress, and not finalized,” a spokesman for the company said. “The board of directors and the company are unaware of its content at this point of time. Hence it would be premature to speculate on the investigation findings.”

The priority for management and Siddhartha’s family “is to keep the business running in a challenging environment and meet all stakeholder commitments, including 30,000 jobs associated with the group,” the spokesman added.

The disappearance of the 59-year-old founder last year stunned India’s business community. He had last been seen telling his driver he was going for an evening walk along a bridge in southern India; his body was found by local fishermen two days later. A letter delivered to Coffee Day’s board and employees, which appeared to be signed by Siddhartha, described massive debts and complained of pressure from lenders and tax authorities. It claimed he bore sole responsibility for the company’s financial transactions.

The probe began about a month later when the company brought in Ashok Kumar Malhotra, a retired senior official from India’s federal enforcement agency, to investigate. A senior lawyer practicing in India’s top court is assisting, the company said in a regulatory filing at the time.

The publicly traded Coffee Day was supposed to be India’s answer to Starbucks Corp. More than 1,500 of its Café Coffee Day outlets blanketed cities and highways, with affordable options for the country’s aspiring middle classes. The chain’s tagline: “A lot can happen over coffee.”

But the empire has been battered since the founder’s death. Its shares plummeted about 90% and its market value dropped to about $80 million. Trading was suspended in February.

India’s regulators are tracking the situation and may use the company’s final report as part of a deeper dive into its internal affairs, the people said. Coffee Day showed about Rs 2400 crore in cash and cash equivalents on its balance sheet as of March 2019, the most recent figures the company has issued.

After the death of Siddhartha however, the company faced a severe liquidity crunch and had “zero cash in the bank,” according to one of the people. It struggled with day-to-day expenses and paying salaries has been a strain, the person said.

The draft report details personal guarantees by Siddhartha for loans taken by Coffee Day, and his unsecured loans at high interest rates from local money lenders, the people said. It also probes Coffee Day’s defaults to coffee growers and other vendors, they said.

A related issue is that coffee estates owned by Siddhartha and several employees had been used as collateral for bank loans. The report found that valuations for properties were inflated to get the loans, one person said.

Investigators have examined several theories about what happened to the company’s money, including whether Coffee Day was manipulating its finances to show cash and profit and whether Siddhartha was taking cash out of the listed company to pay off a large investor to whom he had guaranteed a return, the person said. From the filings of his listed and private companies, the entrepreneur’s loans had totaled more than Rs 10,000 crore, and he had been squeezed by borrowing to repay interest on earlier loans, the person said.

In the letter purportedly from Siddhartha, the entrepreneur said he had tried his best but failed as an entrepreneur. “I am solely responsible for all mistakes,” the letter read. “Every financial transaction is my responsibility. My team, auditors and senior management are totally unaware of all my transactions. The law should hold me and only me accountable, as I have withheld this information from everybody including my family.”

As the report nears release, Coffee Day is finalizing a deal with Blackstone Group Inc. for real estate assets. A large tranche of the payment is due in about a week, one person said.

Coffee Day said it is working to reduce its debt load by divesting non-core enterprises.

“The aim is to save employment and preserve this iconic Indian brand,” the spokesman said.

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News Network
May 4,2020

New Delhi, May 4: Rebutting the Congress' criticism, the BJP said on Monday that the railways has subsidised 85 per cent of ticket fare for special trains being run for migrant workers and the state governments have to pay the remaining 15 per cent.

The ruling party also accused the Congress of promoting indiscriminate movement of people which, it said, would lead to "faster spread" of coronavirus infection "just like we saw in Italy", and asked if this is what Sonia Gandhi wants.

The counter-charge from BJP leaders, including its spokesperson Sambit Patra and information technology department in-charge Amit Malviya, came after Congress president Sonia Gandhi hit out at the central government for making migrants pay for their train fare and asked her party's state units to pick the tab.

Congress leader Rahul Gandhi also took a swipe at the railways, saying, on one hand, it is seeking ticket fare from people stranded in various states while on the other it is donating Rs 151 crore to the PM-CARES Fund.

Responding to him, Patra said, "Rahul Gandhi ji, I have attached guidelines of MHA which clearly state that 'No tickets to be sold at any station'. Railways has subsidised 85% & state govt to pay 15%. The state govt can pay for the tickets (Madhya Pradesh's BJP govt is paying). Ask Cong state govts to follow suit," Patra tweeted.

The BJP leader further clarified that for each 'Shramik Express', special trains being run for migrants to take them back to their native places during the lockdown, about 1,200 tickets to the destination are handed by the railways to the state government concerned.

State governments are supposed to clear the ticket price and hand over the tickets to workers, he said.

He said the BJP government in Madhya Pradesh is doing so and asked Rahul Gandhi to tell the Congress-ruled states to follow suit.

Hitting out at Sonia Gandhi, Malviya tweeted, "Congress is obviously upset at how well India has handled Covid. They would have ideally wanted a lot more people to suffer and die. Promoting indiscriminate movement of people would lead to faster spread of infection, just like we saw in Italy. Is this what Sonia Gandhi wants?"

BJP MP Subramanian Swamy claimed that migrant workers returning home will not have to pay money as the rail travel will be free from now onwards.

"Talked to Piyush Goyal office. Govt will pay 85% and State Govt 15%. Migrant labour will go free. Ministry will clarify with an official statement," he tweeted.

BJP Congress Coronavirus COVID-19 Coronavirus lockdown Italy Sonia Gandhi Rahul Gandhi Sambit Patra Amit Malviya Subramanian Swamy Piyush Goyal

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Agencies
June 6,2020

New Delhi, Jun 6: Bookings for select destinations in the USA, Canada, UK and Europe etc under Phase3 of Mission Vande Bharat opened at 5 pm on Friday, according to Air India.

"#FlyAI: Bookings for select destinations in USA, Canada, UK & Europe etc under Phase3 of #MissionVandeBharat opened at 5pm today. Around 60 million hits received till 7pm on our website & 1700 seats sold through website alone in 2 hrs. Bookings continue & tickets are being issued," the national carrier said in a tweet on Friday.

The third phase of the mission will begin from June 11 and continue till June 30.

Air India will operate five flights in the third phase of Vande Bharat Mission to evacuate almost 1,200 Indians nationals stranded in the United Kingdom between June 18 to June 23.

Air India will operate 70 flights in the third phase of Mission Vande Bharat to evacuate Indians stranded in the US and Canada between June 11 to June 30, Civil Aviation Minister Hardeep Singh Puri had said. 

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