CPI(M) expels Prasenjit Bose for opposing support to Pranab

June 23, 2012

New Delhi, Jun 23: CPI(M) today expelled young leader Prasenjit Bose, who resigned from the party attacking the leadership for supporting Pranab Mukherjee's Presidential bid, saying he had sought to "malign" its political line.

Bose, the convenor of party's research unit and a familiar face in TV debates, quit the party yesterday and through an open letter, attacked the party for committing a "grave error" by supporting Mukherjee.

In a statement, CPI(M) Polit Bureau said it rejected the letter of resignation submitted by Bose.

"It (Polit Bureau) rejects the contents of the letter which seeks to malign the political line of the party. The Polit Bureau expels Prasenjit Bose from the membership of the CPI(M) under Article VIII (2) of the Party Constitution," it said.

Bose, a PHD in Economics from JNU, argued that the party Polit Bureau's decision to support Mukherjee was "against" the line taken by the Party Congress held earlier this year.

"I protest against the decision by the Polit Bureau to support the candidature of Pranab Mukherjee...I consider this to be a grave error which will harm the party and disturb Left unity," Bose said in the letter.

Bose also chose to attack the party leadership, saying it has committed "one mistake after another since 2007".

He mentioned the "coercive" land acquisition in Bengal, the Nandigram police firing and allowing the UPA government to approach the IAEA with the Indo-US nuclear deal as the mistakes committed by the party leadership.

In an apparent attack on party General Secretary Prakash Karat, he also said that giving a call for a non-Congress secular government in 2009 and then accepting them in a "cavalier manner in party conferences without fixing proper responsibility and conducting rectification thereon" was a mistake.

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Gautam Adani reclaims Asia's richest person title with net worth of USD 111 billion

News Network

June 1,2024

Gautam Adani, chairman of multinational conglomerate the Adani Group, has reclaimed the title of the richest person in Asia with a net worth of $111 billion, according to the Bloomberg Billionaires Index. This came after the group's shares rallied up to 14 per cent on Friday.

With this, Adani has overtaken Reliance Industries’ Mukesh Ambani after nearly 5 months. Ambani stands at 12th rank with a net worth of $109 billion. He had overtaken Adani in net worth after his conglomerate's shares crashed following the Hindenburg report last January.

So far in 2024, Adani’s net worth has jumped $26.8 billion while Ambani's wealth has increased by $12.7 billion.

Last week, Adani also expressed his optimism about the future of the group saying that its best days are ahead.

“The road ahead is paved with extraordinary possibilities, and I can promise you that the Adani Group today is stronger than it has ever been," he said.

2023 had been quite challenging for the Adani Group after the Supreme Court ordered a panel to probe the allegations in the Hindenburg report. Adani, who was the third richest person in the world before the report, slipped in the rankings rapidly after the group's shares saw a sell-off.

However, later the Supreme Court ordered the Securities and Exchanges Board of India (Sebi) to conclude its investigation into the Adani Group and said no more probes were needed. Sebi had said that it could not reach an outcome in its probe.

The shares of the Adani Group have rallied after the judgement. In January, Adani had overtaken Ambani after nearly 12 months but later the lead was taken again by Ambani. Now Adani has overtaken Ambani again.

The Bloomberg Billionaires Index showed that currently, Bernard Arnault is currently the richest person in the world with a net worth of $207 billion. He is followed by Elon Musk and Jeff Bezos with total wealth of $203 billion and $199 billion respectively.

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