After taking oath as Bihar CM 8th time, Nitish Kumar issues 2024 challenge to PM Modi

News Network
August 10, 2022

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Patna, Aug 10: After taking oath as Bihar Chief Minister an eighth time, thus continuing in the chair with a change of partners, Nitish Kumar took a shot at Prime Minister Narendra Modi over the next Lok Sabha elections: "He won in 2014, but will he in 2024?"

Though Nitish Kumar repeatedly spoke of "working towards Opposition unity" to unseat the BJP at the Centre, he told reporters that he is "not a contender for anything", when asked if he wants to be PM candidate. "The question to ask is, if the person who came in 2014 will win in 2024,” he said.

Elections in Bihar are due in 2025, a year after the Lok Sabha contest. Nitish is likely to still be in the chair in 2024, which means the who'll-be-the-challenger speculation isn't likely to die down soon, especially with the Congress weakened and the Opposition still far from united. His deputy once again, RJD's Tejashwi Yadav has said Nitish Kumar is the "most experienced chief minister in India right now".

It helps Nitish Kumar's case that another regional leader with national ambitions -- Bengal's Mamata Banerjee — has had to halt her march after corruption charges against her party colleagues. 

Analysts have for years floated the theory that Nitish Kumar could be the Opposition candidate against PM Modi, if the Congress plays a non-leading role. But that's drowned out as he floats in and out of alliances — with and against the BJP. Till yesterday, he was chief minister with BJP support. And now he is back with the RJD of old pal Lalu Yadav, whose son is his deputy in the new government — a new version of their 2015 alliance. The Congress is among the partners.

The first version of the JDU-RJD-Congress tie-up — called the 'Mahagathbandhan' or Grand Alliance — won power in 2015. Nitish Kumar had broken up with the BJP two years before that, ending a two-decade relationship. He had problems with Narendra Modi's past, particularly the 2002 Gujarat riots, and left the NDA after he became the PM face. 

But he made up with PM Modi's party in 2017, walked out the Mahagathbandhan and took a fresh oath. The JDU and BJP remained together for the 2019 Lok Sabha contest, and then won the 2020 assembly polls. Nitish Kumar remained in the chair. Two years on, he has switched again. 

Today he said he did not want to be Chief Minister after the 2020 win with the BJP. "Ask people in the party (JDU), what they have been reduced too. I did not want to become CM... but I was put under pressure. Then you see what happened. I have not even spoken to you (journalists) in two months." 

He pointed towards the drop in JDU's numbers. "How many seats did we win in 2015? And then we went with the same people (BJP) and look at what we have been reduced to." Besides those in the JDU, Tejashwi Yadav too has said the BJP "wants to finish off regional parties" and "usurps its partners".

In 2015, Nitish Kumar's JDU had won 71 seats as part of the Grand Alliance's 170, in a House of 243. The RJD was the single largest party with 80 seats, but he became chief minister as leader of the pact.

At present, the JDU has 45 seats. The BJP, which has 77, made him chief minister in 2020 despite these numbers — but with two deputies from its stable. Why the switch now? Nitish Kumar and his party, it is learnt, were spooked in the latest by the Maharashtra coup in which the BJP backed a split in the Shiv Sena to return to power.  

On his fate after yet another flip, Nitish Kumar today said, "Whether I will stay or not... let people say what they have to say." After staking claim yesterday, he said he "never allowed corruption", and "we want brotherhood in society". Standing next to him, Tejashwi Yadav accused the BJP of dividing people along communal lines: "We are socialists. All of us want that the BJP's agenda shouldn't be implemented in Bihar."

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News Network
November 14,2024

Bengaluru: Karnataka Deputy Chief Minister D K Shivakumar on Thursday backed Chief Minister Siddaramaiah over his claim that the BJP had offered Rs 50 crore each to 50 Congress MLAs in an attempt to "topple" the state government.

Addressing reporters here, Shivakumar, also the Congress state president, said, “The BJP indeed lured 50 Congress MLAs with Rs 50 crore each.”

He defended Siddaramaiah’s statement and said the Congress MLAs were briefed about the BJP’s alleged 'Operation Lotus', a term used to describe the BJP's attempts to destabilise ruling governments through horse-trading.

“Some of our MLAs informed the Chief Minister about this matter, and he, in turn, shared it with the media,” Shivakumar said.

At an event in Mysuru, Siddaramaiah reiterated the claim that "none of the Congress MLAs had accepted the offer".

He also accused the BJP of filing false cases against him in a bid to "remove him and overthrow his government".

The BJP has yet to respond to the allegations.

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News Network
November 19,2024

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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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