'Pranab will win with 65 p.c. votes'

July 6, 2012
chidamb

Kolkata, July 6: Union Ministers P. Chidambaram and Kapil Sibal asserted here on Thursday that Pranab Mukherjee, United Progressive Alliance’s nominee for President will win with 65 per cent of the valid votes.

They, however, declined to comment on the stand of the Trinamool Congress on the matter.

“Don’t bring the Trinamool Congress into it, but I’ll give you the answer. One way or another, we will win with 65 per cent of the valid votes cast,” Mr. Chidambaram told journalists when asked whether they were able to persuade Chief Minister Mamata Banerjee to support Mr. Mukherjee’s candidature.

Earlier in the day, Mr. Sibal met Ms. Banerjee who is also the chairperson of the Trinamool Congress at the State Secretariat.

Asked whether he had sought her support for Mr. Mukherjee’s candidature he said that no discussions were held on the issue.

“My discussion with Mamataji centred on the students of the State and their future,” he said.

Mr. Sibal said he did not feel there was a possibility of a change of “political equations” at the Centre in the present circumstances.

To queries on the assessment of the Trinamool as an alliance partner, Mr. Chidambaram said: “Our partners choose us to partner with… in UPA II TMC has chosen to be our partner…. They chose us and we are happy.”

On allowing foreign direct investment in multi brand retail, another area where the Trinamool Congress has expressed its reservations, Mr. Chidambaram said once the government went ahead with the decision, the States who are in favour of it would implement it and those against it would not. Many States were in favour of FDI and only a few against it, he pointed out.


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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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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.

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