Pranab Mukherjee too valuable for Congress to be made President?

May 4, 2012
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New Delhi, May 4: The Congress's dilemma over whether to sponsor Pranab Mukherjee in the race for Rashtrapati Bhavan was out in the open on Thursday when a party spokesperson hurriedly withdrew her comment about the veteran finance minister's indispensability for the government.

The spokesperson, Renuka Chaudhary, kicked up a virtual storm when she told reporters, "It will never be easy to leave Pranabda. He is such a valuable 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."

A gushing Chaudhary went on to call Mukherjee a valuable guide, in what was almost universally interpreted as signalling the Congress's reluctance to spare its chief troubleshooter for a non-political sinecure.

The lavish commentary, however, was immediately rolled back, with Chaudhary taking pains to emphasize that her genuine expression of admiration for Mukherjee's skills had been misunderstood and twisted out of context.

When asked about the "confusion" over names doing the rounds, Congress chief Sonia Gandhi said, "There is no confusion. Have patience. There is still time." Although stating the obvious, the remark could have served to reassure that nobody has been ruled out yet as a candidate.

Chaudhary's retraction came amid indications of the finance minister's unhappiness over what he saw as an attempt to indulge him into withdrawing his claim for the top constitutional job.

Tired of being passed over for the prized trophies, starting from prime ministership to the stewardship of the home ministry, Mukherjee is learnt to have made it clear to the leadership that he would like to retreat to the sidelines rather than put up with career stagnation.

Sources said the finance minister reacted to Chaudhary's lavish prose by making it clear that he was not amused. "He saw it as an attempt to spoil his chances," acknowledged a senior Congress source.

Mukherjee is locked in a dead heat with Vice-President Hamid Ansari for Congress endorsement for Rashtrapati Bhavan.

The Congress has been unable to take a call. It is appreciative of Mukherjee's hurt as well as of the need to assuage it but the party fears that the departure of the UPA's principal firefighter will leave the government vulnerable. There are also worries that the prime minister, now at the fag end of a surprisingly long tenure and sure of not heading UPA-3, may start disengaging from Sonia Gandhi's political project just when the Congress chief is hoping for a fresh burst of energy before the 2014 polls.

The bind was underlined once again on Thursday evening when Sonia refrained from spelling out the party's choice when she discussed presidential elections with Trinamool boss and West Bengal chief minister Mamata Banerjee.

At the official Congress briefing, spokesman Rashid Alvi said he could not comment on candidates since the consultations were still underway but added that Renuka Chaudhary was correct in saying that "Mukherjee is important for party, parliament and government".

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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 11,2024

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The Manipur Kuki MLAs have released a statement calling out Solicitor General Tushar Mehta's 'lies' in the Supreme Court. In a joint statement, the MLAs, including those from the Bharatiya Janata Party, said they had not had any meeting with the Chief Minister since May 3, 2023, nor did they intend to meet him in the future as “he was the mastermind behind the violence”.

As per the MLAs, the SG lied about state CM N Biren Singh speaking to Kuki MLAs to control the situation there, in order to halt a Supreme Court probe into the leaked tapes which allege that Singh has been complicit in the violence that broke out between Kukis and Meitis there.

"We...clarify that we have never had any meeting with Chief Minister, Shri N. Biren Singh since May 3, 2023, nor have any intention to meet him in future as he is the mastermind behind the violence and ethnic cleansing of our people from the Imphal valley, which is continuing till today, the latest being the brutal killing and burning of Mrs Zosangkim Hmar on November 7, 2024," the letter read, while condemning the recent 'barbaric' killing of the woman there, and noting the SG's assertion is 'tantamount' to misleading the top court.

“We, the undersigned ten MLAs, have come to know that during the Supreme Court hearing held on November 8, 2024, the Solicitor General of India submitted that ‘CM is meeting all Kuki MLAs and trying to bring the situation down to get peace’. In this connection, we hereby categorically state that this submission is a blatant lie and tantamount to misleading the Hon’ble Supreme Court of India,” the statement said.

The Supreme Court, while hearing a petition by a Kuki organisation, asked that it submit audio tapes to substantiate its claim that the Chief Minister was instrumental in inciting and organising violence in the northeastern State.

Solicitor-General Tushar Mehta orally informed the court that the Chief Minister was meeting all the Kuki-Zo MLAs and that peace in the State had come at a huge cost.

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