The unravelling of BJP has begun: Salman Khurshid

Agencies
April 9, 2018

New York, Apr 9: With just a year left to go for general elections in India, senior Congress leader Salman Khurshid says the "unravelling" of the ruling Bharatiya Janata Party (BJP) has begun and the popularity wave on which it came to power in 2014 is waning.

Against the backdrop of the Dalit protests, the farmers' agitation and high profile fraud cases, he said "we need to look at whether with this performance should (the BJP) be coming back" to power in 2019. "On that, the clear answer is a no."

"I think that the unravelling of the BJP has begun and frankly I wouldn't be complacent but I think they have a very, very, very tough 2019," Khurshid told PTI here.

The former Minister of External Affairs was in the city to address the 14th Annual India Business Conference at Columbia Business School hosted by the South Asia Business Association at the school.

He said that there are "many big questions" about "social disharmony" in the country. "The manner in which the Dalits have reacted, now becoming more acceptable parts of an argument, people have become very self-conscious because of the manner in which the BJP had pushed Muslims to a corner on the minority issue," he said, adding that the Dalit protests have really caught the people's attention.

Addressing the conference, Khurshid stressed that "things are changing" for the BJP from when it came to power in 2014 till now. "It is very clear that the popularity wave on which they came to power in 2014 is nowhere near where it was in 2014. That is more than clear but it hasn't waned completely," he said.

He said the Congress has a "very good fight" in the upcoming "critical" elections in Karnataka, Rajasthan and Madhya Pradesh.

"If Karnataka goes our way as we hope it will, Rajasthan goes our way as we hope it will and Madhya Pradesh too, I think that will make a massive difference. However, we cannot take things for granted. It is important for 2019 for a united front to be up against the BJP," he said.

Khurshid added that UPA chairperson Sonia Gandhi is working very hard for a combination of parties coming together for the 2019 elections. "It is work in progress but I think we shouldn't get complacent too soon."

In his address to the conference, attended by students, academicians, entrepreneurs and executives, Khurshid said the problem in India today is that people have been given a lot of promises but governments have not been able to deliver on those promises.

"The governments will have to be careful and promise only as much as you can do because frustrated promises and frustrated people can be very disruptive of a democracy," he said, adding that in India, people disagree on many social issues - from religion, police reform, language to opportunities for communities, reservations and reverse discrimination.

"All these problems come to the Supreme Court. Every decision of the Supreme Court is then challenged on the streets of the country. We are in a crisis," he said, adding that any government that will be in power would have to deal with such issues.

He stressed that "dialogue and conversation" in a democracy are very critical.

"You cannot have democracy only on numbers, democracy has to be on communication. The trouble in India today is that we have forgotten that communication is an integral part of democracy and we have restricted ourselves to numbers. Numbers can lead to dictatorship, numbers can lead to a defeat of democracy ironically. Democracy is about numbers and yet numbers defeat democracy," he said.

Khurshid voiced optimism that India will get back to discourse and dialogue and "get back to democracy as it should be - participatory democracy."

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News Network
November 27,2024

Mangaluru: A five-year-long pursuit of justice continues for several youths from Dakshina Kannada who fell victim to a fraudulent food delivery job scam in Kuwait. The victims, lured by promises of lucrative overseas employment, now find themselves entangled in legal battles and financial ruin.

In a recent development, the Enforcement Directorate (ED) summoned the victims to its Mangaluru office as part of the ongoing investigation. The case, which dates back to May 28, 2019, was initially registered at the Mangaluru North police station based on a complaint filed by Usman, a resident of Jalligudde. His brother, Aboobakkar Siddique, was among the 34 victims duped by Manikya Associates, a recruitment agency operated by Prasad Shetty.

According to the complaint, the victims were promised jobs as food delivery executives in Kuwait with a salary of ₹40,000 per month. “I paid ₹80,000 to the agent and ended up spending seven harrowing months in Kuwait without any salary,” shared a victim who now works in construction. Another victim, now employed as a driver, said, “I dreamt of working abroad to support my family. I even pledged jewelry to pay the fees, but it took me years to recover financially.”

The victims allege that they were left stranded in Kuwait in January 2019 after completing all formalities. With no jobs and mounting expenses, their ordeal lasted seven months. They were eventually repatriated with the help of Indian expats and the Embassy of India in Kuwait, just two months after the complaint was filed.

The ED investigation is reportedly progressing, and victims said they were assured that their payments to the agent would be refunded soon. An ED official confirmed that efforts to ensure justice are ongoing.

For these youths, the pain of shattered dreams and financial losses has lingered for years, with many still struggling to rebuild their lives. As they await justice, their plight serves as a cautionary tale about the perils of fraudulent recruitment schemes.

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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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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.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
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