Skip to main content

Budget session may also be washed out

By
Cong To Take Up Graft Charges Against Guj CM
The budget session of Parliament faces a serious threat of washout, with the Congress indicating it would raise the allegations of corruption against Gujarat chief minister Anandiben Patel to corner Prime Minister Narendra Modi.Patel has been accused of favouring businessmen linked to her daughter in Gujarat, with the issue pertaining to the period when Modi was the CM and she held the revenue portfolio.
“The issue will be raised in Parliament because it has raised questions about the PM,“ Congress spokesman Anand Sharma said. He said Modi would have presided over the state cabinet meeting which cleared land allotments for the businessmen at throwaway prices.Along with Dalit scholar Rohith Vemula's suicide, graft charges against the Gujarat CM make for a potent combination for the opposition to corner the BJP. Adding to it is what Congress views as BJP's “deliberate provocation“ by attacking the Gandhi family like the PM's comment in an Assam rally on Friday where he accused the party leadership of blocking Parliament over its disappointment at the Lok Sabha defeat.
Retaliating to Modi's jibe, Congress vice-president Rahul Gandhi said, “Job of the PM is to run the government and not make excuses. The PM has been making excuses for the last one-and-a-half years for not being able to deliver.“ The Congress heir apparent added, “Workers are crying, labo urers are crying, and what I don't
understand is that even industrialists are crying. Big industralists complain that Modi, who has been running the government for them, is unable to deliver even on
their agenda. So obviously , Modi will make excuses.“
The `Rahul vs Modi' faceoff in the run-up to the budget session has an ominous ring for the government. The last three sessions were virtual washouts, with little business or lawmaking. Key legislations like GST bill are stuck in the wake of deepening faultlines between the prinicipal political outfits. While the Centre has managed to run Lok Sabha, it has been badly hobbled in the upper House where Congress and allies overwhelm the government.
Rahul also accused the BJP of weakening “aam aadmi“ schemes started by the UPA. At a meeting of Congress state chiefs, he said these welfare measures should be monitored by local units and called for agitations at state level to pressure the governments.
Times, of India, New Delhi, 6th Feb. 2016

Comments

Post a Comment

Popular posts from this blog

Credit card spending growth declines on RBI gaze, stress build-up

By
  Credit card spends have further slowed down to 16.6 per cent in the current financial year (FY25), following the Reserve Bank of India’s tightening of unsecured lending norms and rising delinquencies, and increased stress in the portfolio.Typically, during the festival season (September–December), credit card spends peak as several credit card-issuing banks offer discounts and cashbacks on e-commerce and other platforms. This is a reversal of trend in the past three financial years stretching to FY21 due to RBI’s restrictions.In the previous financial year (FY24), credit card spends rose by 27.8 per cent, but were low compared to FY23 which surged by 47.5 per cent. In FY22, the spending increased 54.1 per cent, according to data compiled by Macquarie Research.ICICI Bank recorded 4.4 per cent gross credit losses in its FY24 credit card portfolio as against 3.2 per cent year-on-year. SBI Cards’ credit losses in the segment stood at 7.4 per cent in FY24 and 6.2 per cent in FY23, the...
Post a Comment
Read more

Brigade Hotel Ventures files draft papers with Sebi for Rs 900 crore IPO

By
  Brigade Hotel Ventures Ltd, owner and developer of hotels in South India, has filed draft papers with capital markets regulator Sebi to raise Rs 900 crore through an initial public offering (IPO).The proposed IPO is entirely a fresh issue of equity shares with no Offer-for-Sale (OFS) component, according to the draft red herring prospectus (DRHP).Proceeds from the issue to the tune of Rs 481 crore will go towards payment of debt, Rs 412 crore will be allocated to the company and Rs 69 crore to its material subsidiary, SRP Prosperita Hotel Ventures Ltd.Additionally, Rs 107.52 crore will be used to purchase an undivided share of land from the Promoter, BEL, and the remaining funds will support acquisitions, other strategic initiatives, and general corporate purposes.The company may raise up to Rs 180 crore through a Pre-IPO Placement.   If the placement is undertaken, the issue size will be reduced.Brigade Hotel Ventures Ltd is a wholly-owned subsidiary of Brigade Enterprises ...
Post a Comment
Read more

Govt invites applications for RBI deputy governor's post, last date Nov 30

By
  The government has invited applications for the post of deputy governor of Reserve Bank of India from interested candidates with at least 25 years of experience and below 60 years of age as on January 15, 2025.One of the deputy governors, Michael Patra’s current term will end on January 15.According to an advertisement, candidates should have at least 25 years of work experience in Public Administration, including experience at the level of secretary or equivalent in the Government of India, or persons who have at least 25 years of work experience in an Indian or International Public Financial Institutions; or persons of exceptional merit and track record at the national or international level in the relevant field.The last date of submission of the application is November 30, 2024.   It has been clarified that the Financial Sector Regulatory Appointments Search Committee (FSRASC) – a body which will select the candidates- is free to identify and recommend any other person a...
Post a Comment
Read more