Cong hints at second term for Ansari as VP

June 18, 2012

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New Delhi, June 18: Congress appears to be considering giving a second term to Vice-president Hamid Ansari, who narrowly lost out to finance minister Pranab Mukherjee in the race for UPA nomination for the Rashtrapati Bhawan.

An indication to that effect came on Sunday, when Congress leader Digvijaya Singh said in a TV interview that the party leadership could continue Ansari as VP. To a question about the possibility of a second term for Ansari as VP, Singh said, "It is not a bad idea. Ansari has conducted himself admirably as a vice-president".

Singh also confirmed that Congress, assured of majority support, does not intend to leave the post of VP for the Opposition in order to ensure Mukherjee's unanimous election as the President. "It looks unlikely because we already have the numbers," he said.

Besides SP and BSP, who have often rescued it from sticky situations, the Congress can also expect to get the Left Front's backing for Ansari in case the leadership decides to retain him. Although the Left, which had sponsored the VP five years ago, was unhappy with the way he handled the debate on Lokpal in the Rajya Sabha in the winter session, they are likely to support his second stint as well.

However, Congress sources are not sure whether Ansari would agree to have another term, something which is sure to be viewed as a consolation trophy for the former diplomat who in the race for the Congress ticket for the Rahstrapati Bhawan appeared to be snapping at Mukherjee's heels until the last lap.

Singh's TV interview was marked by tough talk against Trinamool chief Mamata Banerjee, although he stressed that the Congress on its own would not want her to leave the ruling coalition and does not favor "throwing her out".

Reflecting Congress's annoyance with Banerjee's defiant opposition to Mukherjee's choice for the Rashtrapati Bhawan, he said there is a "limit" to which one can "bend" as certain eventualities have to be faced if they cannot be avoided. Singh was replying to question as to whether the Congress is ready to bend over backwards to prevent Banerjee's exit from the UPA-II if she chooses to leave the ruling alliance.

In contrast, the Congress leader was all praise for SP boss Mulayam Singh, who had teamed up with Banerjee to block Congress nominees but de-coupled himself in 24 hours to clear the way for Mukherjee's elevation.

Singh called the SP chief as a "pragmatic political person", stoutly rejecting suggestions of a "deal" between the Congress and the SP such as the promise of some relief to Mulayam in CBI cases or a financial package for UP.

Justifying the party's tough response to Banerjee, he said: "All efforts have been made to console her, accept her views, accept her tantrums...beyond a certain limit, the decision is hers...there is a limit to which you can bend to...there are certain eventualities, which if it cannot be avoided have to be faced." He said that it was "very embarrassing" for party chief Sonia Gandhi and PM Manmohan Singh that Trinamool boss not only rejected the names of both UPA nominees but joined hands with the SP and announced three more names, including that of the PM when they "did not have consent of any of the three".

Singh felt that the step taken by the "erratic" Banerjee was "extremely immature" and appealed to her that she should reconsider her decision and respond to the "magnanimity" shown by Mukherjee and support his candidature. To questions on why Banerjee resorted to such an action, Singh said that the Trinamool chief "miscalculated".

"She has been erratic in some way...That is Mamata...nothing is impossible, nothing is unexpected as far as Mamata is concerned" was his refrain to a volley of questions about Banerjee's behaviour.

He also felt that Banerjee continuing to back Kalam is a "mistake" which she should "avoid".

Regarding the challenge before the Congress to find a replacement for Mukherjee as the finance minister and as the Leader of the Lok Sabha, Singh admitted that there could be choppy days for a while as "we do not have many people of his stature and abilities". However, he expressed confidence that the vacuum will be filled as UPA has "no dearth of talent".

Asked about the possibility of a new finance minister from outside the political domain like Planning Commission deputy chairman Montek Singh Ahluwalia, the Congress leader said," it is for the PM to decide...the PM has every right to appoint anyone even from outside" as the finance minister.

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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 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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