Monthly Archives: DECEMBER 2016


Samajwadi Party U-turn: Akhilesh, Ram Gopal Yadav reinducted into party
31.12.16 - TEAM PT
Samajwadi Party U-turn: Akhilesh, Ram Gopal Yadav reinducted into party



In a dramatic turn of events, the Samajwadi Party on Saturday revoked the expulsion of Chief Minister Akhilesh Yadav and Ram Gopal Yadav, a day after they were ousted from the party for six years over anti-party activities.

The latest decision was taken soon after meetings to broker peace between SP chief Mulayam Singh Yadav and his son Akhilesh Yadav were held at the senior Yadav's 5 Vikramaditya Marg residence here. 
 
The decision finally came after Akhilesh held a meeting of party MLAs at his residence in the morning and allegedly claimed support of 200 legislators out of 229.
 
"As per the directions of Netaji (Mulayam Singh Yadav), the expulsion of Akhilesh Yadav and Ram Gopal Yadav has been revoked with immediate effect," Samajwadi Party leader Shivpal Singh Yadav tweeted. He also said the party stood united to fight the upcoming assembly polls and defeat communal forces in the state.
 
"I have just met Netaji (Mulayam Singh) and Akhilesh and Azam were also there. Netaji has told me to revoke Akhilesh's expulsion. Now we will all fight UP polls united and will form the government with majority. Now all misunderstandings are over and we will discuss all the things again and take decisions. We will discuss on ticket distribution," Akhilesh Yadav's uncle and Mulayam Singh's brother Shivpal Yadav said.
 
Party founder member Azam Khan and Maharashtra unit chief Abu Azmi also reportedly backed Akhilesh. The chief minister was expelled from the party on Friday after he issued a list of candidates for the upcoming elections even when a list was already issued by his father and party patriarch Mulayam Singh Yadav.
 
On Friday evening Mulayam Singh Yadav had expelled Akhilesh from the party for six years, for refusing to accept the candidates he had chosen for the UP elections. Mulayam Singh said he had no choice and wanted to "save the party".

Akhilesh Yadav has made no public comments since he was sacked, but hundreds of party workers gathered outside his residence on Friday evening raising slogans of support.




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Exile Mulayam Style; Expels son Akhilesh and cousin Ram Gopal for 6 years
30.12.16 - TEAM PT
Exile Mulayam Style; Expels son Akhilesh and cousin Ram Gopal for 6 years



Samajwadi Party chief Mulayam Singh Yadav dropped a bombshell on Friday evening expelling his son and chief minister Akhilesh Yadav from the party for six years just ahead of crucial elections in Uttar Pradesh. He has also expelled his cousin and senior party leader Ram Gopal Yadav for the second time in months, accused him of "spoiling the career of the chief minister." The Samajwadi Party chief said both Akhilesh and Ram Gopal have been sacked for weakening the party.

Flanked by Brother Shivpal Yadav, who has been at loggerheads with the Chief Minister, Mulayam said he had taken the action against Akhilesh and Ramgopal to save the party which he had built through hard efforts. He said the party will decide on the new chief minister of Uttar Pradesh.

Ram Gopal Yadav had, earlier in the day, called a national convention of the Samajwadi Party on January 1 following a rift over the list of SP candidates finalised by Mulayam Singh for assembly polls

Hitting out at Ram Gopal Yadav, Mulayam said "no one has the right to call national executive meeting" other than the party chief.

Mulayam also accused Ram Gopal Yadav of hurting the interests of chief minister Akhilesh Yadav and misleading him.

The SP supremo also hit out at Akhilesh Yadav for siding with Ram Gopal Yadav in the party infighting.
"Akhilesh does not understand that Ram Gopal is trying to destroy his future," Mulayam said.

Earlier, he also issued a show-cause notice to his son for releasing a parallel list of candidates for the state elections.

A show-cause notice was also issued to expelled leader Ram Gopal Yadav, for speaking against the party line in the media.

Ram Gopal Yadav calls expulsion unconstitutional

Ram Gopal Yadav said it is unconstitutional to expel anybody without hearing to them just hours after issuing show-cause notice.
 

He questioned Samajwadi Party patrirach's decision saying, Netaji isn't aware of party's constitution.

The Rajya Sabha member called Mulayam's decision to expel him and Akhilesh as "illegal", and accuse the party chief of indulging in "unconstitutional" activities.

Defiant Ramgopal said was still the general secretary of SP and the party meet called by him on Sunday will take place in any eventuality.
 
The Samajwadi Party's internal strife gives an added advantage to the BJP and Mayawati's BSP in the mega battle for Uttar Pradesh, being pegged as the semi-final before national elections in 2019. Elections to UP's 403 assembly seats are expected to be announced by the Election Commission any day now.




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Coal Mine collapses in Jharkand; 10 Dead, Over 40 still Trapped
30.12.16 - TEAM PT
Coal Mine collapses in Jharkand; 10 Dead, Over 40 still Trapped



At least 10 workers are confirmed dead and over 40 of them trapped along with some machineries belonging to a private coal mining company Eastern Coalfields Limited (ECL) after a heap of mud caved-in at the entry point of Latmatia mines in Godda district of Jharkhand, a CISF official said on Friday.
 
According to police, the incident occurred during a shift change late on Thursday and rescue operation could not be started in the night due to darkness and fog.

"Rescue operation started from 6am on Friday morning. We are not sure as to how many workers and vehicles are trapped inside the mine. But, as per the information about 10-12 vehicles were operating inside the mine when the incident took place. Besides, there were some workers also. We are only focusing on saving the people trapped inside the mine,” Godda superintendent of police Hira Lal Chauhan said.
 
The locals said that there was crack in the heap of mud which collapsed and blocked the entry point of the mine.

Mining operations were taking place about 200 feet beneath the ground.

About 40 workers are suspected to be still trapped under the debris.
 
"Saddened by the loss of lives at a mine in Jharkhand. My prayers are with those trapped inside. Spoke to CM Raghubar Das on the situation," Modi said on twitter.
 
A National Disaster Rescue Force team from Patna has been rushed to the spot. The state government has been asked to provide chopper facilities to airlift those trapped inside the mine.




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Rahul, Mamata call for Modi's resignation 'if note ban situation doesn’t improve after 50 days'
27.12.16 - TEAM PT
Rahul, Mamata call for Modi's resignation 'if note ban situation doesn’t improve after 50 days'



A group of opposition parties, including the Congress, wondered on Tuesday if Prime Minister Narendra Modi would resign if a nationwide financial chaos following the recall of high-value didn’t normalise after the December 30 deadline set by him.

Addressing a joint press conference of eight Opposition parties in Delhi, Trinamool Congress chief Mamata Banerjee was the first to demand Modi’s resignation.

"The PM had asked people to wait for fifty days on November 8. Only 3 days are left now. Will you resign as the PM if things are not stable after 50 days?” she asked.
 
"This is a fearless government, they do not care about anything, they don't fear anything," the Trinamool leader said. Then, in case anyone didn't get her barb, she added: "They do whatever they feel like, the federal structure totally destroyed. This is not (like the) Emergency, it is super-Emergency," she said.
 
Mamata called demonetisation "a mega scam, one of the biggest one after independence", and said Modi has pushed India back "by 20 years" by imposing his unilateral decision of banning the Rs 500 and Rs 1000 notes.
 
Rahul Gandhi today asked PM Modi to tell the nation why he imposed demonetisation on the nation and who is responsible for the sufferings of the poor people.

"PM should answer the nation what was the real motive of demonetisation and what will he do for the poor people affected by it," the Congress vice-president said.

"Demonetisation has made no impact on black money. It is an attack on financial independence, poor people," he said.
 
"December 30 is about to come and the situation is the same. The motive of demonetisation has failed completely," Rahul said.
 
Gandhi called demonetisation a failed experiment, saying it has increased unemployment in the country.
 
"Gareeb logon se paisa khicho, aur ameeron ko sicho (Grab money from the poor and fortify the rich)," Gandhi said of the government's move to demonetise higher currency notes.

He added that the exercise was an attack on the country's rural poor, who have to make do without currency notes. "There is no cash with farmers, small traders and labourers," he added.
 
"PM Narendra Modi says he is fighting corruption but not answering allegations of personal corruption against him," he said, referring to his allegations of Modi taking money from some corporates when he was the Gujarat Chief Minister.
 
About the fact that his party colleague Sheila Dikshit's name also features on that list , Rahul said she's ready for an inquiry into it.

"Sheilaji has said that she is ready for a probe, why is the PM not ready for a similar probe?" Rahul asked.
 
Terming demonetisation, "a failed experiment", Gandhi hit out at Modi for the alleged corruption charges against the prime minister in the Sahara diaries issue. He said that when the diaries surfaced, Congress ministers associated with it had resigned. "Even LK Advani resigned. But will Modiji resign?" he asked.
 
While key Opposition parties like Janata Dal(United), Left and Nationalist Congress Party skipped the meeting, Gandhi and Banerjee announced they would sketch a common minimum agenda to take on Modi over the scrapping of Rs 1000 and Rs 500 banknotes.
 
Even as Gandhi accepted that "some parties will have some differences,” he claimed that on demonetisation, they are all united.

"We are together. All Opposition parties believe in democratic principles. I can sit with Mamata ji even though I have slight disagreement with her. We will come up with a common minimum programe or a series of things which we agree on. We see all Opposition parties as assets,” Gandhi said.
 
Meanwhile, Ravi Shakar Prasad issued a prompt rebuttal on behalf of the government, saying it was customary of Rahul Gandhi to level baseless allegations. The Union minister, invoked past scams in the UPA regime. Prasad implored Gandhi to tell him what he had to say on the 2G and coal scams.




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Demonetization a short-term pain, won't shy away from taking tough decisions: Modi
24.12.16 - TEAM PT
Demonetization a short-term pain, won't shy away from taking tough decisions: Modi



Prime Minister Narendra Modi on Saturday said that his government would not shy away from taking more tough steps to tackle black money, while speaking at the National Institute of Securities Markets (NISM) in Raigad.
 
Addressing a gathering, Modi said that the demonetization is a short-term pain, but it will benefit in long-term.
 
Modi said his government has transformed economy in the last three years and inflation has been kept low.

He added that even the government's critics acknowledged the speed of progress.
 
Stating that the government is very keen to encourage start-ups and stock markets are essential for the start-up ecosystem, Modi added,"Our markets should show that they are able to successfully raise capital for projects benefiting the vast majority of our population."
 
Here are the highlights from his speech:
  • India is being seen as a bright spot. Growth is projected to remain among the highest in the world
  • India's place as the fastest growing large economy has not come about by accident
  • In 2012-13 fiscal deficit had reached alarming levels.Currency was falling sharply, Inflation was high.
  • In less than 3 years, government has transformed economy, cut fiscal deficit, CAD; foreign exchange reserves have grown, inflation is lower
  • Financial markets can play an important role in the modern economy
  • Long awaited GST will soon be a reality; FDI is at record levels
  • However history has shown that financial markets can also do damage if not properly regulated
  • For financial markets to function successfully, participants need to be well informed
  • India has earned a good name for its well regulated securities markets
  • Government is very keen to encourage start-ups. Stock markets are essential for the start-up ecosystem
  • Our markets should show that they are able to successfully raise capital for projects benefiting the vast majority of our population
  • We will not take decisions for short-term political point scoring
  • SEBI should work for closer linkage between spot markets like e-NAM and derivatives markets to benefit farmers
  • Those who profit from financial markets must make a fair contribution to nation-building through taxes
  • My aim is to make India a developed country in one generation




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