Mumbai rail protest called off, urge students to apply for recruitment: Goyal

Agencies
March 20, 2018

New Delhi, Mar 20: Railway Minister Piyush Goyal today said the agitation by students seeking permanent jobs in the railways was called off at 10.35 AM and appealed them to apply for the ongoing recruitment drive that ends on March 31.

With scores of agitating students bringing the rail service in the metropolis to a halt early this morning, the minister said all applicants should get a "fair and equal opportunity" to serve the country.

One of the major demands of the agitating job aspirants, mostly comprising those who have passed the Railway Act Apprentice exam, is scrapping the 20 percent upper limit for hiring.

Addressing a hurriedly-called press conference, Goyal said the 20 percent posts were reserved in keeping with the "various judgements pronounced by the Supreme Court from time to time and as per section 22(1) of the Apprentices Act".

This 20 percent posts are reserved for 'course completed act apprentices' who were already engaged in railway establishment under the Apprenticeship Act.

Indian Railways is currently in the midst of a massive recruitment drive to fill over 90,000 Group C and Group D posts and the minister urged them to apply for these jobs, the last date of which is March 31.

This is the single largest recruitment ever undertaken by the railways in India.

Earlier in the day, hundreds of agitated students blocked rail traffic, including suburban services between Matunga and Dadar stations, causing difficulties to lakhs of commuters.

The students blocked the rail track at 7 AM this morning, forcing railways to stop the suburban as well as express trains in the affected section between Matunga and Chhatrapati Shivaji Maharaj Terminus (CSMT).

Entire four lines were affected between Matunga and CSMT. Police and railways officials are having talks with them, an official said.

"There has been no recruitment for four years. We are struggling from pillars to post. Over 10 students have committed suicide. We cannot let such things happen," a student, who was part of the protest, said.

"We will not budge from here until and unless Railway Minister Piyush Goyal come and meet us. Our several prayers made to DRM (Divisional Railway Manager of Mumbai Division) have failed," another student said.

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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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News Network
November 26,2024

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Bengaluru: The Janata Dal (Secular) is grappling with its most tumultuous political crisis yet, with speculation rife about imminent defections among its lawmakers. This storm comes in the aftermath of party scion Nikhil Kumaraswamy's humiliating defeat in the Channapatna bypoll—his third consecutive electoral loss after setbacks in Mandya (2019) and Ramanagara (2023). With the regional party’s Assembly tally shrinking to 18 from 19, questions are being raised about its survival.

The murmurs of rebellion were amplified on Monday when Health Minister Dinesh Gundu Rao and Congress MLA CP Yogeshwar openly hinted at possible desertions within the JD(S) ranks. Yogeshwar, newly elected from Channapatna, declared he could orchestrate a migration of JD(S) MLAs to Congress. “I’ll meet them at the Belagavi session. Within a month, they’ll be in Congress,” he confidently stated during a televised interview. Yogeshwar has a history of engineering defections, having played a pivotal role in the collapse of the JD(S)-Congress coalition government in 2019 during his stint with the BJP.

Dinesh Gundu Rao, not mincing words, slammed the JD(S) leadership for fostering "self-serving politics," criticizing the HD Deve Gowda family for failing to nurture party talent. “There’s no trust. Their MLAs will seek survival—either in BJP or Congress,” he remarked.

Meanwhile, the expelled JD(S) state president CM Ibrahim added fuel to the fire by claiming that 12-13 MLAs are "disillusioned" with the current leadership. Speculations around senior JD(S) leader GT Deve Gowda joining Congress have also intensified. DK Shivakumar, Karnataka’s Deputy CM and Congress president, described GT Deve Gowda as a “valuable leader” who might be frustrated with the party’s internal dynamics.

While Congress leaders seem eager to poach JD(S) legislators, the BJP is not far behind in targeting the floundering party. The situation signals a decisive moment for the JD(S), as its survival now hinges on how it manages this brewing storm of discontent.

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