Shiv Sena-BJP set to kiss and make up by Monday: Fadnavis on course to be CM

October 25, 2014

Mumbai, Oct 25: After all the shadow-boxing and public posturing, the BJP appears to have succeeded in getting the Shiv Sena exactly where it wants it: as part of the Maharashtra government, but without undue clout.

Modi-Uddhav-AdityaSoon after the assembly results made the BJP the single largest party with 122 seats — 22 short of the half-way mark — the Sena had started playing hard-to-get, but its game went awry when the Nationalist Congress Party (NCP) announced unilateral support for the BJP. This enabled the latter to announce that it will form the government, with or without the Sena.

With a huge stake in the Brihanmumbai Municipal Corporation (where it is in alliance with the BJP), and at the Centre (where the Sena has a cabinet minister and expects more berths in the next reshuffle), the Sena saw the writing on the wall and decided that discretion is the better part of valour. It appears to have given up its old insistence of a 50:50 split of state ministries, and has accepted the reality that the BJP is now big brother.

The upshot: instead of a minority government, Maharashtra will now have a stable BJP-Sena coalition with 186 seats between them in a 288-member assembly. Add another 14-15 members from the smaller parties and independents, and the coalition could have nearly 200 members in its tally.

The final shape of the power-sharing arrangement and the coalition will be visible on Monday, when Union Home Minister Rajnath Singh and BJP general secretary JP Nadda arrive in Mumbai to kick off the process of government formation. They will hold consultations with the newly-elected legislators and elect Devendra Fadnavis, state BJP President, as leader of the legislature party.

Once this is done, Governor Vidyasagar Rao will invite Fadnavis to form the government. It appeared as if Nitin Gadkari, the Union Surface Transport and Rural Development Minister, had also thrown his hat in the ring when some Vidarbha MLAs lobbied for him as CM. But Gadkari said he was not keen to return to Maharashtra politics, which means the leadership issue is now settled in favour of Fadnavis. Both Fadnavis and Gadkari are from Vidarbha.

As part of the thaw in the Sena-BJP relationship, there are indications that all Shiv Sena MPs, 18 from the Lok Sabha and three from the Rajya Sabha, will attend a Diwali Milan dinner hosted by Prime Minister Narendra Modi for NDA MPs this Sunday (26 October). If all goes well, it would signal that ties between BJP and Sena have been mended, or at least have not broken down.

Sources told Firstpost that backroom talks over the last two days, held at various levels, helped Sena chief Uddhav Thackeray dilute his position on the Maharashtra power-sharing arrangement. He is now said to be inclined to accept the revised terms and conditions. The sources said that “he could not have been an equal partner in the Maharastra government but only an ally where mutual respect and coalition dharma is maintained by both sides.”

BJP sources said the party considers the Sena its “natural ally” and this means it should not unnecessarily criticise Prime Minister Narendra Modi or create tensions in the next state government. The BJP now expects greater circumspection in what the Sena mouthpiece, Saamna, writes. The current bout of pre-election tensions was triggered by negative write-ups in Saamna.

The BJP, by taking its time to offer an olive branch to the Sena, has forced the latter to take a more realistic view of the ground situation in the state. For its part, despite the bravado of setting up a minority government in Maharashtra, the BJP’s top leadership recognised that this can never result in stability. Hence the move make up with the Sena.

Despite claiming that it had not rejected the NCP’s offer of support, the party leadership was clear that taking this support would be politically too costly. The party was not so worried about what the NCP could demand in return, but was wary of the negative public perceptions it would have generated, especially for Modi, who called NCP a “naturally corrupt party” during the election campaign.

By the time Rajnath Singh lands in Mumbai on Monday, the alliance issue would, thus, in all likelihood have been clinched.

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News Network
March 23,2020

New Delhi, Mar 23: The central government has asked state governments to take strict action against violators of the coronavirus lockdown being enforced in 80 districts across the country.

An official statement released on Monday said there will be a total lockdown in 80 districts where coronavirus cases have been reported. The shutdown will end on March 31.

Delhi's borders will remain sealed during the lockdown, but essential services related to health, food, water and power supply will continue, and 25 per cent of the DTC buses will run to transport people associated with essential services.

Prime Minister Narendra Modi earlier on Monday appealed to state governments to ensure that rules and regulations of the coronavirus lockdown are enforced as he noted that many people were not taking the measure seriously.

"Many people are still not taking the lockdown seriously. Please save yourself, save your family, follow the instructions seriously. I request state governments to ensure rules and laws are followed," he said in a tweet in Hindi.

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Agencies
January 15,2020

Mumbai, Jan 15: Michael Debabrata Patra took over as Deputy Governor of the Reserve Bank of India (RBI) on Wednesday.

He was an Executive Director of India's central bank before being elevated to the post of Deputy Governor.

An RBI release said that as Deputy Governor, Patra will look after Monetary Policy Department including Forecasting and Modelling Unit (MPD/MU), Financial Markets Operations Department (FMOD), Financial Markets Regulation Department.

He will also look after Market Intelligence (FMRD/MI), International Department (Intl. D), Department of Economic and Policy Research (DEPR), Department of Statistics and Information Management (including Data and Information Management Unit) (DSIM/DIMU), Corporate Strategy and Budget Department (CSBD) and Financial Stability Unit.

Patra, a career central banker since 1985, has worked in various positions in the Reserve Bank of India.

As Executive Director, he was a member of the Monetary Policy Committee (MPC) of RBI, which is invested with the responsibility of monetary policy decision making in India. He will continue to be an ex-officio member of the MPC as Deputy Governor.

Prior to this, he was Principal Adviser of the Monetary Policy Department, Reserve Bank of India between July 2012 and October 2014.

He has worked in the International Monetary Fund (IMF) as Senior Adviser to Executive Director (India) during December 2008 to June 2012, when he actively engaged in the work of the IMF's Executive Board through the period of the global financial crisis and the ongoing Euro area sovereign debt crisis.

The release said that his book "The Global Economic Crisis through an Indian Looking Glass" vividly captures this experience.

He has also published papers in the areas of inflation, monetary policy, international trade and finance, including exchange rates and the balance of payments.

A fellow of the Harvard University where he undertook post-doctoral research in the area of financial stability, he has a PhD in Economics from the Indian Institute of Technology, Mumbai.

He will hold the post for three years or until further orders. The post fell vacant after Viral Acharya resigned on July 23 last year.

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News Network
May 27,2020

New Delhi, May 27: Professor Johan Giesecke of the Karolinska Institute, Sweden, on Wednesday claimed that India will ruin its economy very quickly if it had a severe lockdown.

Claiming that a strict lockdown may disrupt India's economic growth, Giesecke during an interaction with Congress leader Rahul Gandhi said: "In India, you will do more harm than good with strict lockdown measures. India will ruin its economy very quickly if it had a severe lockdown."

While calling for a soft lockdown approach in India, he suggested that India has to ease restrictions one by one. It may, however, take months to completely come out of lockdown, he said.

He further criticised countries across the globe for having no post-lockdown strategy.

Emphasising on the disease, the Swedish health expert said that coronavirus is spreading like a wildfire across the world. "It is a very mild disease. Ninety-nine per cent infected people will have very less or no symptoms," he added.

Meanwhile, Ashish Jha, Director Harvard Global Health Institute and a recognised public health official, in interaction with Gandhi, called for a need to go in for an 'aggressive' COVID-19 testing to create confidence among people.

"When the economy is opened post-lockdown, you have to create confidence. There is a need for aggressive testing strategy in high-risk areas," he said.

He asserted that COVID-19 is not the last pandemic in the world, adding that "We are entering the age of large pandemics".

Jha further said that countries like South Korea, Taiwan and Hong Kong have responded the best to COVID-19 pandemic, while Italy, Spain, the US and the UK have responded the worst.

A few days ago, the Gandhi scion had interacted with former Reserve Bank of India Governor Raghuram Rajan and Nobel Prize Winner Abhijit Banerjee to discuss various issues related to the COVID-19 crisis.

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