Ansari emerges front-runner in Prez poll stakes

May 4, 2012

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New Delhi, May 4: The consultation process over candidates for the presidential election made some headway on Thursday.

The Congress is understood to have informed its UPA partners that Vice-President Hamid Ansari was its preferred choice for the coveted post, followed by Finance Minister Pranab Mukherjee.

Senior party sources indicated that Congress would support the candidature of Ansari and added: “We feel we will not encounter any problem (with allies) with this choice. However, if there is any, then we are sure, there will be no such issues regarding Mukherjee.”

On a day when UPA’s unpredictable friend, Mamata Banerjee took the centre stage, meeting Sonia Gandhi and Samajwadi Party leader Mulayam Singh, the race to find the next incumbent of the Rashtrapati Bhavan got an unexpected twist, with a Congress spokesperson indicating that Finance Minister Pranab Mukherjee was not in the race.

Responding to questions from media, spokesperson Renuka Chowdhry quipped: “It will never be easy to leave Pranab da. He is such a valued person for us in the party. His contribution to the party cannot be even measured. For him, it will not seem to be fair...but he has such an active political mind. He is too involved and knows politics so well.”

The Congress, however, scrambled to clarify within hours. Party spokesman Rashid Alvi asserted: “The consultation process is on. No names have been finalised. Renuka Chowhury’s remarks show the importance of Pranabda. It does not mean he is ruled out for anything. It shows his importance for the party, Parliament and the country.”

Mamata seemed to have seized the initiative from Chaudhury’s statement as she said: “I think their party has already announced today that he is not (the candidate)," when asked by journalists whether Mukherjee was acceptable as a presidential candidate. She added: “I cannot say anything. Congress party has already announced their opinion... He belongs to the Congress party. Congress party will decide.”

The remarks of Chaudhury and Mamata created an impression during the day that incumbent vice president Hamid Ansari was ahead in the presidential poll race. Many wondered if Congress itself was not interested in fielding one of its seniormost leaders. However, some senior Congress leaders dismissed the suggestion.

Congress sources asserted that Mukherjee, UPA trouble shooter, was very much in the race and pointed out that Janata Dal (United) was likely to support the finance minister rather than a candidate picked up by the BJP-led NDA. “More allies from NDA supporting our candidate cannot be ruled out”, they added.

Sonia Gandhi, who held a meeting with Prime Minister Manmohan Singh with Mukherjee present, told reporters that there was time before a candidate was selected. Queried over "confusion" on names for presidential nominees, she said: “there is no confusion. Be patient, still there is time.”

Mamata, who met Gandhi for the first time after her election as CM a year ago, declined to speak to media after the meeting. It was, however, learnt that she pledged her support to the UPA candidate but felt that it would be better if the candidate was elected unanimously with support from across the political spectrum.

The West Bengal CM, who also met Samajwadi Party president Mulayam Singh Yadav, told reporters: “I would prefer a consensus. If this does not evolve, then of course there will be a contest. All options are open”. Asked if she would prefer Mukherjee, she quipped: “Congress has to take a decision first. He is after all a Congress leader. I can't interfere in any other party's internal affairs”. Mulayam said he was for a political person as president.

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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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November 12,2024

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The Taliban regime has appointed Ikramuddin Kamil as the acting consul in the Afghan mission in Mumbai, Afghan media has reported.

It is the first such appointment made by the Taliban set up to any Afghan mission in India.

There was no immediate comment from the Indian side on the appointment that came.

The Ministry of Foreign Affairs of Afghanistan has announced the appointment of Kamil as the acting consul in Mumbai, the Taliban-controlled Bakhtar News Agency reported on Monday, citing unnamed sources.

"He is currently in Mumbai, where he is fulfilling his duties as a diplomat representing the Islamic Emirate," it said.

The appointment is part of Kabul's efforts to strengthen diplomatic ties with India and enhance its presence abroad, the media outlet said

Kamil holds a PhD degree in international law and previously served as the deputy director in the department of security cooperation and border affairs in the foreign ministry, it said.

He is expected to facilitate consular services and represent the interests of Afghanistan in India, the report added.

Kamil's appointment comes days after the external affairs ministry's point-person for Afghanistan held talks with the Taliban's acting defence minister, Mullah Mohammad Yaqoob, in Kabul.

Sher Mohammad Abbas Stanikzai, the Taliban's deputy foreign minister for political affairs, also posted on X about Kamil's appointment.

The appointment of Kamil is seen as part of efforts to facilitate consular services to the Afghan population in Mumbai.

There has been almost negligible presence of diplomatic staff at the Afghan missions in India.

Most of the diplomats appointed by the Ashraf Ghani government have already left India.

In May, Zakia Wardak, the seniormost Afghan diplomat in India, resigned from her position after reports emerged that she was caught at the Mumbai airport for allegedly trying to smuggle 25 kg of gold worth Rs 18.6 crore from Dubai.

Wardak had taken charge as the acting ambassador of Afghanistan to New Delhi late last year, after working as the Afghan consul general in Mumbai for more than two years.

She took charge of the Afghan embassy in New Delhi last November, after the mission helmed by then ambassador Farid Mamundzay announced its closure.

Mamundzay, who was an appointee of the Ghani government, had moved to the United Kingdom.

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