Shiv Sena makes inroads in Mumbai’s Muslim pockets

February 26, 2017

Mumbai, Feb 26: Shiv Sena, which is identified with the 'Hindutva' ideology, has managed to make inroads in city's two Muslim pockets with the winning candidates calling the saffron party as their "true well wisher". The party put up a decent show by winning on 84 seats in the fiercely contested Mumbai civic body polls. The party had fielded five Muslim candidates, out of which two have won from Behrampada in Bandra locality and a ward representing suburban Amboli and Jogeshwari.shivasena

Sena candidate Haji Halim Khan (35), who won from ward no. 96 in Behrampada in Bandra (East) alleged that the projection that the party is 'anti-Muslim' is the "handiwork of certain sections of people". "Saying that Sena is anti-Muslim is nothing but crap and Sena's projection of Muslims in a bad light is a handiwork of certain sections of the society. Rather, Sena has always been helpful in sorting out our problems. They are our true well-wisher," he said.

"I can recollect that one of our prominent mosques came up only when Balasaheb Thackerayji helped," he said. A tour operator by profession, Khan's win has facilitated Shiv Sena register its first victory in the Muslim-dominated ward, which has been a Congress bastion. He charged Congress of treating the community as vote bank.

"Congress considers Muslim merely a vote-bank and nothing more than that, while Shiv Sena encourage every Muslim to be faithful towards the country. Balasaheb always praised to 'sachche musalman' (true Muslims)," added Khan. Sahida Khan (52), who has won from ward no. 64 to represent suburban Amboli and Jogeshwari, also echoed the views of Khan and said Sena has always helped people from the community whosoever has approached with a genuine problem.

"Hindutva a shadow, no one can deny and we need to live under it. There is nothing wrong when our party head says so. Most importantly, my party has always helped always been helpful to those from the community who have approached with a genuine problem," Shahida said. Shahida, who was a homemaker until now, is confident to address the issues of her locality with the help of her husband Haroon Khan, who is the party 'shakha pramukh' of the locality for the last 16 years.

According to political analysts, Sena's effort to reach out to Muslims is not an overnight stand, but it was a decision taken after due deliberation, which has yielded positive results. Anil Tiwari, resident editor of 'Dopahar Ka Saamna', party's mouthpiece, said, "We never used our paper to create a divide in the society on the basis of caste and religion. However, lately we tried to connect with the Muslims and highlighted issues concerning them through our editorial pieces and I think it worked well."

Sena, well known for anti-Muslim tirades, was pulled up by the Srikrishna Commission probing the 1992-93 communal riots, proved its soft stand towards Muslims when it gave wide advertisements in the Urdu dailies few day before polling and sought their votes.

Comments

shaji
 - 
Sunday, 26 Feb 2017

Let us wait and see how Shiv Sena will help muslims. Shivaji was not anti muslims and hope Shiv Sena will try to keep it away from harming muslim community and will work to solve the issues faced by muslims particularly sacrifice of animals at thetime of Bakrid. Let us wait and see what will be the stand of Shiv Sena at the time of Bakrid. If Shiv Sena is really sympathetical to Muslims and firm on its statement, Muslims will be allowed for animal sacrifice at the time of Bakrid and they will get 5 percent reservation in govt employment.

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Agencies
February 10,2020

New Delhi, Feb 10: The government is set to privatise Central Electronics Ltd, a CPSE under the Department of Science and Technology, by selling its 100% stake with management control and has invited the Expression of Interest for the same by March 16.

The selected bidder will be required to lock in its shares for a period of three years during which it cannot undertake the sale of its stake in CEL, the PIM (Preliminary Information Memorandum) said.

"The government of India has 'in-principle' decided to disinvest 100 per cent of its equity shareholding in CEL (which is equivalent to 100 per cent of the total paid up equity share capital of CEL) through Strategic Disinvestment with transfer of management control (Strategic Disinvestment or Transaction)," DIPAM, the Disinvestment Department, said.

The process for the transaction has been divided into two stages, namely, Stage I and Stage II.

After BPCL and Air India, this is yet another CPSE which government is slated to privatise if it gets offers from bidders.

The government has set a challenging target of Rs 2.1 lakh crore disinvestment proceeds from CPSE sell-offs and IPOs, OFSs (Offer for sale) in the next fiscal and it going out all guns blazing to meet that target after revising this fiscal target of Rs 1.05 lakh crore to Rs 65,000 crore.

The Interested Bidders (which can also include employees of CEL) must have a minimum net worth of Rs 50 crore as on March 2019. DIPAM has released complete invitation Preliminary Information Memorandum (PIM) of CEL. Resurgent India Limited is the advisor to the Transaction.

CEL is a pioneer in the country in the field of Solar Photovoltaic (SPV) with the distinction of having developed India's first Solar cell in 1977 and first Solar panel in 1978 as well as commissioning India's first solar plant in 1992.

More recently, it has developed and manufactured the first crystalline flexible solar panel especially for use on the passenger train roofs in 2015.

Its solar products have been qualified to International Standards IEC 61215/61730. CEL is further working on development of a range of new and upgraded products for signaling and telecommunication in the railway sector.

In the SWOT analysis of the CPSE, DIPAM has stated under weakness that "the company has weak financial loss due to past losses, high manufacturing cost and non payment of dues by state nodal agencies affecting the financial position of the company".

The CPSE has adequate land for expansion, the SWOT analysis said adding "the CPSE faces threat of dumping of solar cells at very low rates which makes solar PV manufacturing industry unviable".

Entry of new players in the market for solar products and railway signalling systems also is cited as a threat.

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News Network
March 6,2020

New Delhi, Mar 6: Union Finance Minister Nirmala Sitharaman on Friday will move the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019 for consideration and passing in Lok Sabha.

In December last year, the Union Cabinet had approved a proposal to promulgate an ordinance to amend the Insolvency and Bankruptcy Code (IBC) 2016.

The amendments will remove certain ambiguities in the IBC 2016 and ensure smooth implementation of the code, an official statement said.

The move is aimed at easing the insolvency resolution process and promoting the ease of doing business. Aimed at streamlining of the insolvency resolution process, the amendments seek to protect last-mile funding and boost investment in financially-distressed sectors.

Under the amendments, the liability of a corporate debtor for an offence committed before the corporate insolvency resolution process will cease.

The debtor will not be prosecuted for an offence from the date the resolution plan has been approved by the adjudicating authority if a resolution plan results in change in the management or control of the corporate debtor to a person who was not a promoter or in the management or control of the corporate debtor or a related party of such a person.

The amendments are aimed at providing more protection to bidders participating in the recovery proceedings and in turn boosting investor confidence in the country's financial system.

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News Network
July 16,2020

New Delhi, Jul 16: With India's economic growth sputtering, the Reserve Bank of India was expected to maintain a rate-cutting cycle, but an uptick in near-term inflation could give the central bank's Monetary Policy Committee reason to pause for now.

Having cut its key lending rate by an aggressive 115 basis points (bps) in 2020, on top of 135 bps cuts in 2019, the RBI so far has had little success in spurring credit growth amid varying degrees of lockdowns across India.

Some economists and market insiders argue it may be prudent for the MPC, the policy committee, to hold its fire when it meets early next month.

"It's probably too early to administer a demand stimulus. The RBI still has room to cut rates, but we probably want to be more cautious of the timing," said Venkat Pasupuleti, portfolio manager at Dalton Investments.

"Maybe they should wait a quarter to see how things pan out once the lockdown situation is eased further."

Market participants have factored in at least a 25 bps rate cut by the MPC on August 6 while analysts are predicting a total 50-75 bps cuts over the rest of the fiscal year that runs to March 31.

The spike in the retail inflation rate above the RBI's mandated 2%-4% target range is another reason for the central bank to take a breather, analysts say.

Annual retail inflation rose to 6.09% in June, compared to 5.84% in March and sharply above a 5.30% median forecast in a Reuters poll of economists.

Rahul Bajoria, an economist at Barclays, said the spike in both consumer and wholesale prices "could lead to a tempering in enthusiasm for material front-loaded policy support from here on."

Almost all economists however agreed the RBI cannot move away from its accommodative stance or call an end to the rate cutting cycle just yet.

India's economy grew at 3.1% in the March quarter - an eight year low - and some economists have predicted a contraction of more than 20% in the June quarter and a contraction of up to 5% in the fiscal year.

"Even in the event of a pause, we think the RBI and MPC would want to hold out the promise of more cuts," said A. Prasanna, economist with ICICI Securities.

RBI Governor Shaktikanta Das said in a recent speech the need of the hour is to restore confidence, preserve financial stability, revive growth and recover stronger, suggesting inflation concerns are unlikely to deter the downward trajectory for rates too soon.

"The August policy decision would boil down to a judgment call over whether RBI can maintain easy monetary and financial conditions without the aid of a token rate cut," Prasanna said. 

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