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Will Hamid Ansari get a second term?

June 23, 2012

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New Delhi, June 23: Vice President Hamid Ansari -- who was a strong contender for the UPA’s presidential candidate, as West Bengal chief minister Mamata Bannerjee revealed after she met Congress President Sonia Gandhi – may be offered a second term in his current job. A few days ago, Congress general secretary Digvijaya Singh, responding to a question in a TV interview on the possibility of a second term for Mr Ansari as VP, said, “It’s not a bad idea. Mr Ansari has conducted himself admirably as vice-president.”

Indeed, what Mr Singh said publicly is being said privately in Congress circles: one party source even pointed out that of the last 11 VPs, six became President; of the remaining five, Krishan Kant died in office, BD Jatti and B.S. Shekhawat ended their vice presidential tenures when the party/coalition that had elected them as VPs were no longer in power, while G S Pathak and M Hidayatullah completed their terms when there was no vacancy in Rashtrapati Bhawan as two Presidents, Dr Zakir Hussain and Fakhruddin Ali Ahmed died in office. There is also a historical precedent for a vice president getting a second tenure: S Radhakrishnan was VP for two terms, before he became the country’s second President. It is against this backdrop that Mr Ansari’s supporters in the Congress are making a case for a second tenure as VP for him.

Of course, with Mr Ansari having lost the Presidential nomination, other Muslim names have surfaced for the VP’s job – the Congress’ Mohsina Kidwai and K Rehman Khan and the National Conference’ Saifuddin Soz. Finally, those who feel a counter is needed to former Speaker Purno Sangma emerging as the opposition’s presidential candidate have put forward the name of former Nagaland chief minister SC Jamir.

Early on in the negotiations that preceded the selection of its presidential candidate, when the UPA was still unsure of mustering the numbers for its nominee for Rashtrapati Bhawan, there was talk of the possibility of a quid pro quo with the National Democratic Alliance: in that context, Shiromani Akali Dal supremo P.S. Badal’s name was taken, and the BJP’s Jaswant Singh made a bid for the job.

But with that stage over, the Congress, a senior party functionary said, is determined to keep the VP’s job within the UPA. Those who have signed up to back Mr Pranab Mukherjee for President – the UPA with or without the Trinamool Congress, the Samajwadi Party, the Bahujan Samaj Party, the CPI(M), the Forward Bloc and the Janata Dal- United – will also play a role in who will be the next VP.

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Agencies
July 30,2020

Mumbai, Jul 30: Counterfeiting incidents have increased 24 per cent in the country in 2019 over the previous year, creating an over Rs 1 lakh crore hole in the economy, according to a report.

The report also said counterfeiters are having a free run due to the pandemic-driven disruptions to organised supply chains and the resultant spike in consumer demand.

According to the report by ASPA, a self-regulated industry body of anti-counterfeiting and traceability solutions providers, counterfeiting has risen steadily in the last few years, and exploiting the pandemic as a cover for their activities.

Between February and April 2020, over 150 incidents of counterfeiting cases were reported, mostly about fake PPE kits, sanitisers and masks taking advantage of the high demand for these products, it noted.

"There was a 24 per cent increase in counterfeiting in 2019 over 2018, leading to the loss of more than Rs 1 lakh crore to the overall economy," said Nakul Pasricha, president of Authentication Solution Providers Association.

The association works with global authorities like the International Hologram Manufacturers Association, Counterfeit Intelligence Bureau of the Interpol, and domestic industry lobbies like Ficci, he said.

Counterfeiting is a universal issue and is 3.3 per cent of global trade, according to the OECD data, impacting social and economic development across the world.

The report lists the currency, FMCG, alcohol, pharma, documents, agriculture, infrastructure, automotive, tobacco, lifestyle and apparel, as the 10 sectors impacted most by counterfeiting.

Among these, currency, alcohol and FMCG continue to be the top three sectors with the highest counterfeiting in the last two years. The FMCG sector is most vulnerable, as counterfeit incidents rose 63 per cent between 2018 (79) and 2019 when the reported cases jumped to 129.

Within the states, the fakers have a free run in Uttar Pradesh, Bihar, Rajasthan, Madhya Pradesh, Bengal, Punjab, Jharkhand, Delhi, Gujarat, and Uttarakhand, calling for urgent actions to frame anti-counterfeiting policy measures.

According to the report, UP continues to be on top followed by Bihar, Rajasthan, and together these three states represent almost 45 per cent of all counterfeiting reported in the last two years.

What is more alarming is that counterfeiting is not limited to high-end luxury items today, as common everyday items as fake cumin seeds, mustard cooking oil, ghee, hair oils, soaps, baby care vaccines and medicines are aplenty in the markets.

"There is an urgent need for building and nurturing authentication ecosystems in the country with the active involvement and active participation of all stakeholders," said Pasricha.

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News Network
June 24,2020

Kolkata, Jun 24: Trinamool Congress (TMC) MLA Tamonash Ghosh, who had tested positive for Covid-19 in May, died at a hospital here on Wednesday, party sources said.

He was 60.

The three-time MLA from the Falta assembly constituency in South 24 Parganas district was admitted to a hospital after he tested positive for the disease, they said.

He had several complications related to the heart and the kidney, the sources said.

"Very, very sad. Tamonash Ghosh, 3-time MLA from Falta & party treasurer since 1998 had to leave us today. Been with us for over 35 years, he was dedicated to the cause of the people & party. He contributed much through his social work," West Bengal Chief Minister and TMC supremo Mamata Banerjee tweeted.

"He has left a void that will be difficult to fill. On behalf of all of us, heartfelt condolences to his wife Jharna, his two daughters, friends and well-wishers," she added.

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News Network
May 24,2020

New Delhi, May 24: The Indian economy is likely to slip into recession in the third quarter of this fiscal as loss in income and jobs and cautiousness among consumers will delay recovery in consumer demand even after the pandemic, says a report.

According to Dun & Bradstreet's latest Economic Observer, the country's economic recovery will depend on the efficacy and duration of implementation of the government's stimulus package.

"The multiplier effect of the stimulus measures on the economy will depend on three key aspects i.e. the time taken for effecting the withdrawal of the lockdown, the efficacy of implementation and duration of execution of the measures announced," Dun & Bradstreet India Chief Economist Arun Singh said.

The report noted that the government's larger-than-expected stimulus package is likely to re-start economic activities.

Besides, measures taken by the Reserve Bank of India like reducing the repo rate by a further 40 basis points to 4 per cent, extending the moratorium period by three months and facilitating working capital financing will also help stimulate the momentum.

Singh said while the measures announced by the government are "positive", most of them have been directed towards strengthening the supply side of the economy, and "it is to be noted that supply needs to be matched with demand", he said.

Besides, "in the absence of cash-in-hand benefits under the government's stimulus package, demand for goods and services is expected to remain depressed", he added.

He further said the loss in income and employment opportunities, and cautiousness among consumers, will lead to a delayed recovery in consumer demand, even after the pandemic. As debt and bad loan levels increase, the banking sector might face challenges.

The report further noted that even as the monetary stimulus is expected to inject liquidity and stimulate demand for a wider section of the economy, the channelisation of funds from the financial institutions will be subjected to several constraints.

The foremost concern being increase in risk averseness, as the balance sheets of firms, households, and banks/NBFCs have weakened considerably and low demand for funds by firms as production activities have been on a standstill during the lockdown period, Singh said.

India has been under lockdown since March 25 to contain the spread of the coronavirus, resulting in supply disruptions and demand compression.

Prime Minister Narendra Modi imposed a nationwide lockdown to control the spread of coronavirus on March 25. It has been extended thrice, with some relaxations. The fourth phase of the lockdown is set to expire on May 31. 

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