Andhra CM Kiran Reddy stages protest at Jantar Mantar against his own party

February 6, 2014

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New Delhi, Feb 6: The drama over the formation of Telangana scaled new heights on Wednesday with Andhra Pradesh chief minister Kiran Reddy staging a sit-in protest in the Capital while a harried government weighed the option of a voice vote to pass the contentious legislation.

The CM doing an Arvind Kejriwal at Jantar Mantar seemed even more bizarre as Reddy was opposing his own Congress party's decision to form Telangana.

The task of getting the Andhra Pradesh Reorganization Bill through Parliament looks more challenging as Reddy set an unusual precedent by leading the anti-Telangana stir even as Congress pledged support to the new state.

While Reddy and some of his cabinet colleagues protested, Seemandhra MPs from Congress, YSR Congress and TDP disrupted Parliament, forcing adjournment of Lok Sabha followed by Rajya Sabha.

It is learnt that Telangana Rashtra Samithi leader K Chandrasekhar Rao has urged the government to pass the bill by a voice vote, arguing that bills to create Uttarakhand and Jharkhand were passed in a similar manner.

Government sources said the voice vote route could be an option as the Telangana bill is not a constitutional amendment, but senior Congress leaders remain cautious, pointing to vehement opposition to the new state.

However, the political directive to Congress floor managers is clear enough. "The next Lok Sabha will have 17 MPs from Telangana and 25 MPs from Seemandhra, the die seems cast," said a minister.

The bill is expected to be cleared by the Union Cabinet on Thursday with a group of ministers having finalized a draft.

BJP reiterated that it will oppose marshalling out of anti-Telangana MPs and also demanded that the two Houses must be in order when the bill is considered, conditions that Congress felt were aimed at delaying the bill.

Meanwhile, TDP leader N Chandrababu also reached the capital to oppose the Centre's "unilateral" decision to create a new state without adequate consensus. "The Centre must take the states into confidence. But the Centre is violating all this and that is not correct," he said.

Official sources said a TDP delegation led by Lok Sabha MP Nama Nageshwar Rao expressed readiness to support the bill. Rao represents TDP MPs from Telangana region.

With the government planning to bring the Telangana bill to Parliament, possibly Rajya Sabha first, on February 12, emotions are coming to a boil with supporters of both camps coming close to blows at Andhra Bhawan on Wednesday.

The heated exchanges between Telangana and Seemandhra MPs in Parliament also threaten to spill out of hand forcing the government to consider tough action like seeking the suspension of anti-Telangana MPs.

Though government managers are cagey in spelling out plans for disciplinary action, saying the matter is for presiding officers to decide, passing the bill in the presence of Seemandhra MPs seems a rather fraught task.

The noisy and chaotic start to the continuing winter session did not bode well for transaction of business and finance minister P Chidambaram admitted as much while addressing a business conclave, saying he doubted if Parliament will pass any law.

"We have to go through the ritual of attending Parliament every day and come back empty handed," Chidambaram said.

Prime Minister Manmohan Singh was more optimistic, saying "hiccups" over Telangana would subside. "I think these are hiccups. I hope all sections of the House will have the wisdom to set aside these prejudices and create an atmosphere conducive to harmonious working of the House," he said.

But the situation does not look promising for the government, as tough action like suspending anti-Seemandhra MPs will only increase the bitterness over the formation of Telangana.

While BJP is not making things easier for the government, the Congress will end up losing face on both sides of the Telangana divide if it backs out at this stage.

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News Network
November 15,2024

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Union minister Amit Shah on Friday, November 15, said PM Narendra Modi will amend the Waqf Act despite opposition from leaders like Uddhav Thackeray and Sharad Pawar.

"Modi ji wants to change the Waqf Board law, but Uddhav ji, Sharad Pawar and Supriya Sule are opposing it," Shah said, addressing a rally at Umarkhed in Maharashtra's Yavatmal district.

"Uddhav ji, listen carefully, you all can protest as much as you want, but Modi ji will amend the Waqf Act," he said. Shah said there are two camps in the November 20 Maharashtra assembly polls, one of 'Pandavas' represented by the BJP-led Mahayuti and the other of 'Kauravas' represented by Maha Vikas Aghadi.

"Uddhav Thackeray claims that his Shiv Sena is the real one. Can the real Shiv Sena go against renaming Aurangabad to Sambhajinagar? Can the real Shiv Sena go against renaming Ahmednagar to Ahilyanagar? The real Shiv Sena stands with the BJP," Shah said.

"Rahul Baba used to say that his government would credit money in the accounts of the people instantly. You were unable to fulfil your promises in Himachal, Karnataka, and Telangana," he said.

Shah said the Mahayuti alliance has promised that women will get Rs 2,100 per month under the Ladki Bahin Yojana. "Kashmir is an integral part of India and no power in the world can snatch it away from us," Shah said.

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News Network
November 21,2024

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After the US prosecutors charged Gautam Adani with bribery and fraud, Congress reiterated its call for a Joint Parliamentary Committee (JPC) probe into the transactions of the Adani group, and hit out at Prime Minister Narendra Modi, alleging an "internal nexus" between him and "his favourite businessman."

Senior Congress leader Jairam Ramesh said the indictment of Gautam Adani and others by the US Securities and Exchange Commission validates his party’s call for a Joint Parliamentary Committee investigation.

The Congress has been pushing for the probe since January 2023, raising concerns over alleged irregularities involving Adani and his business dealings, said Ramesh.

Ramesh referred to the party’s “Hum Adani ke Hain” series, where 100 questions were raised about the alleged scams and the links between Prime Minister Narendra Modi and Gautam Adani.
He noted that the questions remain unanswered, reiterating the need for accountability in the matter.

The US prosecutors have charged Adani with deceiving investors by concealing information about his firm's solar energy project in India, which allegedly involved bribery.

Adani has been charged with securities fraud and conspiracy, according to an indictment unsealed on Wednesday. The case focusses on an agreement between Adani Green Energy Ltd. and another organisation to supply 12 gigawatts of solar power to the Indian government.

'BETRAYAL OF INDIAN INVESTORS'

Congress leader Pawan Khera described the allegations against Gautam Adani and his conglomerate as a “betrayal of Indian investors.”

Taking to X, Khera outlined the US charges, including claims that Adani’s group bribed Indian government officials between 2020 and 2024 to secure contracts. Citing media reports, he also pointed out that Gautam Adani personally met a government official to advance the scheme.

Khera referred to a March 2024 incident where the Adani Group allegedly misled the Bombay Stock Exchange and the National Stock Exchange, calling it a “grave violation of investor trust.”

He further highlighted a March 2023 FBI raid on the premises of Sagar Adani, Gautam Adani’s nephew, where electronic devices were seized as part of the investigation.

'SEBI NOT ABLE TO PROVE ANY CHARGES AGAINST ADANI'

Shiv Sena (UBT) leader Priyanka Chaturvedi criticised central probe agencies following US charges against Gautam Adani and others in an alleged bribery case linked to solar energy contracts.

Chaturvedi raised concerns about corporate governance and regulatory oversight in the country. “They talk about corporate governance, responsibility, and accountability. The industrialists should be asked to follow the rules and regulations, but even the agencies were defending him. The SEBI has not yet been able to prove charges against him,” she said, pointing to what she viewed as failures in ensuring accountability.

'BROUGHT DISREPUTE TO INDIA'

On US charges against Gautam Adani, AAP leader Sanjay Singh called for a probe against the industrialist. He said that the probe should be conducted by an investigation agency under the Supreme Court.

"Adani Group has brought disrepute to India. This is a very serious matter. The PM of India should come forward and answer this. All the pending matters against Adani should be probed by an investigation agency under Supreme Court monitoring, and all the corruption done by him, within and outside the country, should come out before the country and action should be taken against him," he said.

BJP DFENDS

BJP IT cell chief Amit Malviya responded sharply to the Opposition’s criticism regarding allegations involving Adani Green Energy and US-based Azure Power. He pointed out that the charges in the indictment are only allegations and emphasised, “The defendants are presumed innocent unless and until proven guilty.”

Malviya argued that the crux of the case concerns agreements to supply 12 GW of power to the Solar Energy Corporation of India (SECI), contingent on SECI securing power purchase agreements with state electricity distribution companies (SDCs).

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News Network
November 21,2024

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Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

Gautam Adani's flagship company Adani Enterprises tumbled 23 per cent, while Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC , Ambuja Cements and NDTV fell between 20 per cent and 90 per cent.

Adani group's 10 listed stocks had a total market capitalisation of about $141 billion at 0534 GMT, compared to $169.08 billion on Tuesday.

US authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years, and develop India's largest solar power plant project.

Adani Green in a statement on Thursday said the US Justice Department had issued a criminal indictment against board members Gautam Adani and Sagar Adani and the Securities and Exchange Commission had issued a civil complaint against them.

The US Justice Department also included Adani Green board member Vneet Jaain in the criminal indictment, it said.

Adani Green's units had decided not to proceed with the proposed US dollar denominated bond offerings due to developments, it added.

"Investors will shy away from Adani Group stocks ... and that's what this sharp selling is signifying," said Saurabh Jain, assistant vice president of retail equities research at SMC Global Securities.

"This could hurt the credibility of the group and maybe borrowing costs will rise," he said.

The indictment comes nearly two years after US shortseller Hindenburg Research alleged that Adani had improperly used tax havens and was involved in stock manipulation, allegations the conglomerate denied.

Also in early Asian trading on Thursday, Adani dollar bonds slumped, with prices down 3c-5c on bonds for Adani Ports and Special Economic Zone. The falls were the largest since the Adani Group came under a short-seller attack in February 2023.

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