Raisina Hill all set to welcome Pranab Mukherjee as 13th President

July 23, 2012

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New Delhi, July 23: Rashtrapati Bhavan is getting ready for its new resident, Pranab Mukherjee, who will take oath as the 13th President of India at 11.30 am on Wednesday. This evening, Parliamentarians will gather in Central Hall to give a farewell to Pratibha Patil.

In the end, the suspense on Sunday was only over what the margin of Mr Mukherjee's victory would be. He got 69.31 per cent votes, very close to the 70 per cent that his poll managers had promised he would. In absolute numbers that meant 713,937 votes of the total 10,29,924 valid votes polled. This included a windfall from cross-voting by MLAs in BJP-ruled Karnataka.

The BJP's man, Purno Sangma, got the other 30.69 per cent and is still crying foul.

None of the North East states voted for Mr Sangma, who, while conceding defeat and wishing Mr Mukherjee success last evening, also alleged that threats, gifts and coercion by the central government had helped Mr Mukherjee's cause. He also said he might rake up the office of profit issue again to challenge Mr Mukherjee's election in court.

There are other detractors. Team Anna has said it will begin a fast on Wednesday, the day Mr Mukherjee takes over, with what activist Arvind Kejriwal called a revelation of corruption charges against the President-elect, who was the country's Finance Minister before he resigned last month.

Mr Mukherjee has other things on his mind. Like meeting the hundreds of visitors now making a beeline for his residence. He said on Sunday evening as news of his victory came in, "I have received much more from the people, parties, Parliament than I have given them. I will try to justify."

Chief Minister of West Bengal Mamata Banerjee reportedly called Mr Mukherjee to congratulate him last evening and confirmed that she would attend the swearing-in ceremony. Ms Banerjee had said last week that she would vote for Mr Mukherjee, but very reluctantly.

Among the many important visitors that he received last evening were Congress President Sonia Gandhi and Rahul Gandhi, Lok Sabha Speaker Meira Kumar and Prime Minister Manmohan Singh and his wife. Today, the list of high-profile visitors included Nationalist Congress Party (NCP) leaders Sharad Pawar, Praful Patel, Tariq Anwar and DP Tripathi.

BSP chief Mayawati visited and said, "I have come to congratulate him and I had said this earlier that for the President's post, he is capable and well-accomplished. I am confident that he will fulfill his responsibility with dignity, honesty and abide by the constitution."

NCP chief Sharad Pawar, in Delhi today to decide on whether his party will continue to participate in the UPA government, is expected to also visit Mr Mukherjee this morning. The NCP duly waited till the Presidential elections were over before it went public with its sulk.

The returning officer for the presidential election and Rajya Sabha Secretary General V K Agnihotri will send a copy of the result and the victory certificate to the Law Ministry to enable the government initiate the process of installing the new President. A similar copy will be sent to the Election Commission.

On Wednesday morning, Mr Mukherjee will be escorted by the President's Military Secretary to Rashtrapati Bhavan. From there President Pratibha Patil and Mr Mukherjee will leave in a ceremonial cavalcade for the swearing-in ceremony. The short route will be lined with soldiers. He will take oath in the Central Hall of Parliament. The Chief Justice of India will administer the oath of office.

Soon after the swearing-in ceremony, Mr Mukherjee will go to Rashtrapati Bhavan where he will be received at the forecourts by outgoing President. Mr Mukherjee will then escort Ms Patil to her temporary accommodation in Tughlak Lane where she will stay till her post-retirement home in Pune is ready.

Up ahead lie tough tasks for Mr Mukherjee. There are more than 10 petitions sent by prisoners on death row to the President's office, asking for clemency. Among them, that of Afzal Guru, convicted for a terror attack on Parliament in 2001, a brazen assault in which 12 people were killed when Parliament was in session. The new President will have to decide what becomes of these mercy petitions, some of which have major political ramifications. For example, Balwant Singh Rajoana, who is in jail in Punjab for the assassination of former chief minister Beant Singh, is treated as a martyr and paid lavish tribute by the Sikh clergy.

The President is also likely to have a huge imprint on the political future of the country in 2014, when the general elections are expected to yield a hung Parliament. The President could then have a casting vote to decide who should come to power. He also has the right to dissolve a deeply-fractured Parliament, if that's what the results deliver.

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News Network
March 15,2024

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New Delhi, Mar 13: The Supreme Court on Friday took exception to the State Bank of India (SBI) for not disclosing complete details of Electoral Bonds, including unique alfa numeric numbers, furnished to the Election Commission for uploading on the website.

A five-judge Constitution bench led by Chief Justice of India D Y Chandrachud issued notice to the SBI seeking its response on Monday after the court was informed that the issuing bank for the Electoral Bonds has not disclosed unique alfa numeric number of each bond.

"They have not disclosed the bond numbers. It has to be disclosed by the State Bank of India. All details have to be provided by the SBI," the bench, also comprising Justices Sanjiv Khanna, B R Gavai, J B Pardiwala and Manoj Misra, noted.

Senior advocate Kapil Sibal said as per the Constitution bench judgment of February 15, 2024, all details were to be disclosed.

Solicitor General Tushar Mehta submitted since the SBI was a party to the judgment, notice may be issued to it.

The court said the counsel for SBI should have been here.

"If you see the judgment, we have specified that bond numbers have to be provided," the bench said.

Advocate Prashant Bhushan appeared for the main petitioner Association for Democratic Reforms (ADR).

On an application by the EC, the bench said the details of Electoral Bonds furnished by the poll panel before the top court should be scanned and returned to it for the purpose of uploading on the website.

The Election Commission through advocate Amit Sharma filed a plea in the Supreme Court seeking a direction to release data on electoral bonds furnished to the top court in terms of previous orders of April 12, 2019 and November 2, 2023.

As per March 11, 2024 order, the Election Commission on Thursday uploaded the data on electoral bonds furnished to it by the SBI.

However, in an application, the poll panel said it had furnished to the Supreme Court a number of sealed envelopes, containing details on EBs encashed by the political parties, during the course of hearing in the matter.

It sought a direction for the return of those sealed envelopes to comply with the directions to upload it on the website as per order of March 11.

On Monday, the Supreme Court had told the SBI to furnish details of purchasers of Electoral Bonds and names of political parties redeemed those instruments by March 12 to the Election Commission, rejecting its plea for extension of time until June 30 for the purpose.

It had then directed the Election Commission to publish the information provided by the SBI on its website on March 15.

In its February 15, 2024 judgment, the SC had declared the Electoral Bonds scheme, introduced in 2018 for donation to political parties, as "unconstitutional" for being violative of the right to information.

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News Network
March 21,2024

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New Delhi: India has now become more unequal in terms of wealth concentration than the British colonial period as income and wealth of the top 1% of the country’s population have hit historical highs, according to a paper released by World Inequality Lab.

By 2022-23, the top 1 per cent income share in India was 22.6 per cent and the top 1 per cent wealth share rose to 40.1 per cent, with India’s top 1 per cent income share among the very highest in the world, higher than even South Africa, Brazil and the US.

Co-authored by economists Nitin Kumar Bharti, Lucas Chancel, Thomas Piketty, and Anmol Somanchi, the paper stated that the “Billionaire Raj” headed by “India’s modern bourgeoisie” is now more unequal than the British Raj headed by the colonialist forces. 

The paper said there is evidence to suggest the Indian tax system might be “regressive when viewed from the lens of net wealth”. A restructuring of the tax code is needed, the paper said, adding that a levy of a “super tax” of 2 per cent on the net wealth of 167 wealthiest families would yield 0.5 per cent of national income in revenues and create space for investments.

“A restructuring of the tax code to account for both income and wealth, and broad-based public investments in health, education and nutrition are needed to enable the average Indian, and not just the elites, to meaningfully benefit from the ongoing wave of globalisation. Besides serving as a tool to fight inequality, a “super tax” of 2% on the net wealth of the 167 wealthiest families in 2022-23 would yield 0.5% of national income in revenues and create valuable fiscal space to facilitate such investments,” the paper said. 

The paper has analysed data based on the annual tax tabulations published by the Indian income tax authorities to extract the distribution of top income earners between 1922-2020.

The share of national income going to the top 10 per cent fell from 37 per cent in 1951 to 30 per cent by 1982 after which it began steadily rising. From the early 1990s onwards, the top 10 per cent share increased substantially over the next three decades, nearly touching 60 per cent in the most recent years, the paper said. This compares with the bottom 50 per cent getting only 15 per cent of India’s national income in 2022-23.

 The top 1 per cent earn on average Rs 5.3 million, 23 times the average Indian (Rs 0.23 million). Average incomes for the bottom 50 per cent and the middle 40 per cent stood at Rs 71,000 (0.3 times national average) and Rs 1,65,000 (0.7 times national average), respectively.
The richest, nearly 10,000 individuals (of 92 million Indian adults) earn on average Rs 480 million (2,069 times the average Indian). “To get a sense of just how skewed the distribution is, one would have to be at nearly the 90th percentile to earn the average income in India,” the paper said.

In 2022, just the top 0.1 per cent in India earned nearly 10 per cent of the national income, while the top 0.01 per cent earned 4.3 per cent share of the national income and top 0.001 per cent earned 2.1 per cent of the national income.

Enlisting the probable reasons for sharp rise in top 1 per cent income shares, the paper said public and private sector wage growth could have played a part till the late 1990s, adding that there are good reasons to believe capital incomes likely played a role in subsequent years. For the shares of the bottom 50 per cent and middle 40 per cent remaining depressed, the paper said, the primary reason has been the lack of quality broad-based education, focused on the masses and not just the elites.

“One reason to be concerned with such high levels of inequality is that extreme concentration of incomes and wealth is likely to facilitate disproportionate influence on society and government. This is even more so in contexts with weak democratic institutions. After largely being a role model among post-colonial nations in this regard, the integrity of various key institutions in India appears to have been compromised in recent years. This makes the possibility of India’s slide towards plutocracy even more real. If only for this reason, income and wealth inequality in India must be closely tracked and challenged,” it said.

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News Network
March 17,2024

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New Delhi: The Election Commission on Sunday made public fresh data on electoral bonds, which it had submitted in sealed covers to the Supreme Court and was later asked to put it in public domain.

These details are believed to be pertaining to the period before April 12, 2019. Electoral bond details after this date was made public by the poll panel last week.

The BJP encashed electoral bonds totalling Rs 6,986.5 crore; maximum Rs 2,555 crore received in 2019-20, as per the EC data.

The Trinamool Congress received Rs 1,397 crore through electoral bonds, second largest recipient after BJP, as per the EC data.

On the other hand, the Congress redeemed a total of Rs 1,334.35 crore through electoral bonds.

DMK received Rs 656.5 crore through electoral bonds, including Rs 509 crore from lottery king Santiago Martin's Future Gaming.

BJD encashed electoral bonds worth Rs 944.5 crore, YSR Congress Rs 442.8 crore, TDP Rs 181.35 crore.

Political parties had filed data on electoral bonds in sealed cover as directed by the Supreme Court's interim order dated April 12, 2019, the poll panel said in a statement.

"Data so received from political parties was deposited in the Supreme Court without opening sealed covers. In pursuance of the Supreme Court's order dated March 15, 2024, the Registry of the Supreme Court has returned physical copies along with a digitized record of the same in a pen drive in sealed cover. The Election Commission of India has today uploaded the data received in the digitized form from the registry of the Supreme Court on electoral bonds on its website," EC said.

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