Is Cong’s anti-CAA stance trustworthy?

Mafazah Sharafuddin
May 11, 2021

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Congress’ recent loss in Assam has caused discussions about the party’s stand in the CAA issue once more. The BJP, along with allies AGP and UPPL, who won the election did not mention the CAA further than in the manifesto, stating that it will be implemented as per parliamentary ruling. The Congress, on the other hand mentioned the CAA several times during the campaign, going as far to promise a law repealing the largely protested act. 

The passing of the CAA was met with a huge opposition in Assam. Owing to that, the BJP chose to omit the controversial act during the campaign altogether. While it may come as a surprise with the magnitude of opposition against the BJP the CAA caused in Assam, the tactic seemed to work in their favor.

Conversely, the Rahul Gandhi made it a point to publicly announce that that Congress was anti-CAA and would not allow it to be implemented if they get voted into power. Despite the repeal of the CAA being one the five guarantees the Congress gave prior to the election, it seems like the party isn’t unanimous in the idea.

Far from all the Congress leaders being confident in their anti-CAA stand, not even all the Congress leaders within Assam have expressed their stance openly. Sushmita Dev from Barak Valley for example shied away from making any clear statements on the matter. Unwilling to lose out on the votes from people who are pro-CAA, including the Hindu Bengalis, she has remained vague about the issue. 

While Rahul Gandhi and Jitendra Singh have made their stance clear at the central and state level, it is surprising that leaders within the state are not complying with the same. Vote banks and such are not an uncommon occurrence in India. However, when the Congress central leadership has spoken openly against the CAA on multiple occasions, they are making a stand against a decision made by the Center.

The BJP caters to a majorly Hindu audience with no qualms about that being public knowledge. The Congress, on the other hand, has made it a point to seem secular, and support minorities. Their decision to be anti-CAA, deeming it unconstitutional works in that vein. 

However, to pick and choose when to stress on this in fear of losing voters who support the CAA is contradictory to the principles of the party. Vying for the votes of the Hindu Bengalis by distancing themselves from their anti-CAA stance not only brings the Congress’ ideals into question, but also makes the public wonder how much control the leadership has on the members of the party. 

The question arises: Was this an individual blunder or a party blunder? Is the party selling out its values in exchange for votes? Or is it simply that the representatives are allowed to run amuck without respecting the ideals of the party?

While the Congress, unlike its counterpart, has in general refrained from making many blatantly discriminatory statements, they are no pinnacle of inclusivity. The Congress does continuously preach secularism and claims to want to support the minorities, yet the numbers speak for themselves. The representatives are overwhelmingly part of the majority.

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News Network
February 2,2023

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New Delhi, Feb 2: India's Adani group shares plunged on Thursday after the Gautam Adani-led conglomerate shelved a $2.5 billion share sale amid a turbulent market, bringing its cumulative market capitalisation losses to $100 billion since last week's short-seller attack.

The withdrawal of Adani Enterprises' share sale marks a dramatic setback for Adani, the school dropout-turned-billionaire whose fortunes rose rapidly in recent years in line with the stock values of his businesses.

Adani on Wednesday called off the share sale as a stocks rout sparked by US short-seller Hindenburg's criticisms deepened, despite the offer being fully subscribed on Tuesday. In the fallout of the short-seller's attack, Adani has also lost his title as Asia's richest man.

The group's flagship firm - Adani Enterprises - plunged 10 per cent after opening higher on Thursday. Other group companies - Adani Ports and Special Economic Zone, Adani Total Gas, Adani Green Energy and Adani Transmission - fell 10 per cent each, while Adani Power and Adani Wilmar dropped 5% each.

The stocks tumble and shelving of the share sale mark an embarrassing turn of events for the billionaire who has forged partnerships with foreign players in his global expansion of businesses that stretch from ports to mining to cement.

Adani is now the world's 16th richest, as per Forbes' list, down from third rank last week.

India's central bank has asked local banks for details of their exposure to the Adani group of companies, government and banking sources told Reuters on Thursday. CLSA estimates that Indian banks were exposed to about 40 per cent of the 2 trillion rupees ($24.53 billion) of Adani group's debt in the fiscal year to March 2022.

Earlier this week, the Adani group said it had the complete support of investors, but investor confidence has tapered in recent days.

Citigroup's wealth unit has stopped extending margin loans to its clients against securities of Adani group, a source with direct knowledge of the matter said on Thursday. Citi declined to comment.

Hindenburg's report last week alleged an improper use of offshore tax havens and stock manipulation by the Adani group. It also raised concerns about high debt and the valuations of seven listed Adani companies.

The Adani group has denied the accusations, saying the short-seller's allegation of stock manipulation has "no basis" and stems from an ignorance of Indian law. The group has always made the necessary regulatory disclosures, it added.

As shares plunged after the Hindenburg report, Adani managed to secure the share sale subscriptions on Tuesday even though the stock's market price was below the issue's offer price. But on Wednesday, stocks plunged again.

In a late night announcement on Wednesday, Adani said he was withdrawing the share sale as the company's "stock price has fluctuated over the course of the day. Given these extraordinary circumstances, the company’s board felt that going ahead with the issue will not be morally correct." 

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News Network
January 28,2023

Mangaluru: The daily flight to Delhi from here, commenced on Friday. IndiGo Flight 6E 6303 departs Delhi at 2.55 pm, and lands at Mangaluru International Airport (MIA) at 6.05 pm. Flight 6E 6304 departs MIA at 6.35 pm, to reach Delhi at 9.35 pm.

Flight 6E 6304 (MIA-Delhi), had 147 passengers booked on Friday. Bookings for 6E 6304 on Saturday stood at 170, for the flight scheduled to depart MIA.

Currently, IndiGo, Air India Express, and Air India are operating all their schedules in the revised operating time frame of 6 pm to 9.30 am, from Monday to Saturday at MIA, due to the runway re-carpeting work that commenced on Friday.

IndiGo will however, not be operating flight 6E 172 from Monday-Saturday. This flight will now operate only on Sundays, when re-carpeting work will not be carried out. Flight 6E172 operated from Mangaluru to Kolkata via Bengaluru. 

This flight on Sundays will depart Mangaluru at 12.15 pm, and arrive at Bengaluru at 1.20pm. From Bengaluru, this flight will depart at 2pm, and is scheduled to reach Kolkata at 4.35 pm.

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News Network
February 1,2023

Mobile phones and TV sets manufactured in India would become cheaper with Finance Minister Nirmala Sitharaman announcing cuts in Basic Customs Duty (BCD) on import of their components but smokers would have to pay more as the government has increased taxes.

Fully imported cars, including electric vehicles, and those assembled in India with imported parts will also become costlier with the finance minister increasing customs duty.

These items will become costlier:

Cigarettes

Kitchen chimney

Imported bicycles and toys

Fully imported cars and Electric Vehicles

Imitation jewellery

Compounded rubber

Silver dores

Naphtha

These goods will become cheaper as the government has slashed the customs duty:

Domestically-manufactured TV sets

Shrimp feed

Fish lipid oil used in manufacturing aquatic feed

Seeds for lab-grown diamonds

Capital good

Machinery for manufacturing lithium ion cell to be used in electric vehicles.

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