G-23 change seekers in disarray after resignations of Azad and Sibal

News Network
August 26, 2022

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New Delhi, Aug 26: Ghulam Nabi Azad's resignation from the Congress on Friday marked the most high-profile exit of one of the "Group of 23" (G-23) leaders, who had written to party chief Sonia Gandhi two years ago for a "collective and inclusive leadership" in the organisation, exposing the faultlines in the grand old party.

The G-23, the members of which were lampooned by the party loyalists after their letter became public on August 24, 2020, has virtually disintegrated over the last two years with the resignations of Azad and Kapil Sibal, seen as the prime movers of the initiative, and others such as Shashi Tharoor, M Veerappa Moily and Mukul Wasnik making peace with the high-command.

Leaders such as Jitin Prasada and Yogananda Shastri have also quit the Congress to join the Bharatiya Janata Party (BJP) and the Nationalist Congress Party (NCP) respectively. Prasada is a minister in the Uttar Pradesh government now, while Shastri heads the Delhi unit of the NCP.

Former Union minister Anand Sharma, who created a flutter recently by resigning as the chairman of the party's steering committee for Himachal Pradesh, months ahead of the Assembly polls in the hill state, appears to be mending his ways by asserting his loyalty to the Congress.

"It is also necessary that all of us work together towards achieving our common goal," Sharma said, reiterating that he remained a lifelong Congressman.

The other signatories to the letter sent to the Congress chief two years ago were Bhupinder Singh Hooda, Prithviraj Chavan, Manish Tewari, Milind Deora, Rajinder Kaur Bhattal, Vivek Tankha, Renuka Chowdhary, P J Kurien, Raj Babbar, Kuldeep Sharma, Akhilesh Prasad Singh, Arvinder Singh Lovely, Kaul Singh Thakur, Ajay Singh and Sandeep Dikshit.

While Tankha has been rehabilitated and sent to the Rajya Sabha from Madhya Pradesh in June, Deora and Tharoor have been given party responsibilities in Maharashtra for the "Bharat Jodo Yatra".

Hooda, who is unwilling to cede political space within the Congress in his stronghold of Haryana, recently succeeded in ensuring the appointment of his loyalist Udai Bhan as the party's state unit president.

Wasnik, who did not show much interest in the G-23 activities after their letter to Gandhi became public, was made a member of the Congress Task Force-2024 and later, given a Rajya Sabha berth.

Tewari, the Lok Sabha member from Punjab's Anandpur Sahib, has been ploughing a lonely furrow for quite some time, often taking a position that is divergent from the official Congress view on key issues.

Dikshit, the son of former Delhi chief minister Shiela Dikshit, made a sharp riposte to Azad's resignation letter, reminding the veteran leader that the G-23 move was a "banner of reform, not a banner of revolt".

Moily had already dissociated himself from the G-23 last year, while Chavan, a former Maharashtra chief minister and now an MLA, remains on the sidelines in the Maharashtra Congress. 

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News Network
November 17,2024

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An Israeli airstrike on the office of Syria’s Baath party in Lebanon’s capital Beirut has killed the Lebanese resistance movement Hezbollah's Media Relations Officer, Mohammad Afif, reports say.

Lebanon's National News Agency (NNA) reported that the Israeli raid struck the Ba'ath party’s building in central Beirut district of Ras Al-Naba'a on Sunday, adding that the strike was an attempt to assassinate the leader of the resistance media front.

According to Baath Secretary-General Ali Hijazi, Afif was having a meeting in the Baath Party headquarters when Israel carried out the attack.

"Afif did not fight with weapons and did not lead a military unit in Hezbollah. Rather, he led a media unit," he said.

Reuters, Sky News, Al Jazeera and a number of Henrew-language media reported that Afif was killed in the Israeli strike.

However, Hezbollah has not yet confirmed Afif’s death or whether he was present at the site or not.

Earlier, the Lebanese Health Ministry said at least one person was killed and three others injured after an Israeli strike targeted a central district in Beirut.

Lebanon's al-Mayadeen television network reported that five people were killed in the attack.

The latest development came after Afif said Hezbollah was behind the Caesarea operation and targeting Netanyahu’s home during a speech at the Ghobeiry area in the southern suburbs of Beirut on October 22.

This was the second assassination attempt on Afif in the last two months, after he survived an attack on the Hezbollah media relations office several weeks ago.

Israel launched a ground assault and massive air campaign against Lebanon in late September after a year of exchanging fire across the Lebanese border in parallel with the Gaza war.

At least 3,287 people have been killed in Israeli strikes in Lebanon over the past year, with the vast majority in the past seven weeks. Another 14,222 have been wounded, mostly women and children.

In response to the ongoing aggression, the Lebanese resistance movement Hezbollah has been staging hundreds of retaliatory strikes against the occupied Palestinian territories and the Israeli forces trying to advance on southern Lebanese areas.

The movement has vowed to sustain its strikes until the regime ends the escalation.

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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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News Network
November 21,2024

adani.jpg

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.

Comments

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