Free counters!
FollowLike Share It

Wednesday 18 January 2012

Priyanka Gandhi ready to play bigger role in Congress as Pranab is all set to play Magic to reset Policy making Process to change the Traditional Budget which would have impact on Planning, Legislation and day to day Governance!Be Aware.Rahul Gandhi

We have seen Praful Patel working as aviation Minister and now, we see Ajit Singh another OBC leader to head the aviation Ministery. The outcome is devastating! Air India employees never did identify themselves with Mulnivasi Bahujan as the other PSU employees selected for Disinvestment. This is the basic problem that they are segregated and selected to be killed and it seems ironical that only MULNIVASI MUKTI Andolan may bail out them. National President Waman Meshram has permitted us to address the problems of the Working Class. But the government employees still bank on the Brahaminical Political parties and trade unions and hope to be bailed out. These Political Parties and Trade Unions are part and parcel of the Global Zionist Imperialist Corporate order which is aligned with Manusmriti sustaining Brahaminical system and global Hindutva. How may they dare to Oppose Free Market Economy and Disinvestment and LPG rule?

AIR India is Dumped!We had been Warning for so long! Now Govt favours 49% FDI in aviation, to give Rs 150 crore to Air India!

Troubled Galaxy Destroyed Dreams, Chapter 731

Palash Biswas

Mulnivasi Bahujan! Be Aware ! Budget Ahead! The Master Manipulater FM Pranab Mukherjee, the Kayastha Brahamin has already discussed with the India Incs and MNC heads beside getting dictations from Washington.This time Renewal reform Agenda is topmost priority on his agenda. DTC and GST would change the Taxation and Excluded Communities would lose everything.The powerhouse for the Brahaminical system OBC Communities would lose most as the LPG Mafia rule has Denied OBC headcount violating Parliamentary Consensus and Constitution!Finance Minister Pranab Mukherjee will attempt to nudge entrepreneurs to invest more by unveiling a raft of investor-friendly policies in the budgetto be presented in March, as the government looks to revive the economy without raising fiscal deficit.These policies include sops for infrastructure and labour-intensive industries and incentives to attract investment in sectors such as urea, a commonly-used fertiliser, and cold chains and supply chains that help maintain the quality of food produce.

Meanwhile,India's civil aviation and finance ministries recommended allowing overseas airlines to buy as much as 49 percent of local carriers as Kingfisher Airlines Ltd. and rivals struggle to raise funds amid industrywide losses.The Indian airline industry is expected to suffer a huge debt burden of $ 20 bn in 2011-12, with the Planning Commission recommending "significant and continuous investment" to give a boost to the cash-strapped sector.In what may sound music to the ears of the industry, the plan body
favoured rationalisation of taxes on jet fuel and investment by foreign airlines in Indian carriers.

We have seen Praful Patel working as aviation Minister and now, we see Ajit Singh another OBC leader to head the aviation Ministery. The outcome is devastating! Air India employees never did identify themselves with Mulnivasi Bahujan as the other PSU employees selected for Disinvestment. This is the basic problem that they are segregated and selected to be killed and it seems ironical that only MULNIVASI MUKTI Andolan may bail out them. National President Waman Meshram has permitted us to address the problems of the Working Class. But the government employees still bank on the Brahaminical Political parties and trade unions and hope to be bailed out. These Political Parties and Trade Unions are part and parcel of the Global Zionist Imperialist Corporate order which is aligned with Manusmriti sustaining Brahaminical system and global Hindutva. How may they dare to Oppose Free Market Economy and Disinvestment and LPG rule?

As DR BR Ambdekar had suggested, we have to be educated, be Aware, organise ourselves. Without Mulnivasi identity which is quite impossible. Are Air india employees ready for this?

It is very positive that we are addressing Economic issues and the problems of Working Class on Mulnivasi Bamcef Forum. Rashtriya Mulnivasi Sangh, Mahila Sangh and Bharat Mukti Morcha do follow the guidelines set by National President Waman Meshram Ji.

Priyanka Gandhi ready to play bigger role in Congress
Rahul Gandhi Failed Miserably to help the dynasty sustaining Gandhi Nehru Dominance within the ZIONIST MANUSMRITI LPG Mafia Hegemony. Thus, Priyanka Gandhi has to pump fresh blood in the CORPSE!

Congresspresident Sonia Gandhi's daughter Priyanka GandhiVadra Tuesday clearly indicated she was ready to play a bigger role in the Congress party, provided her brother Rahul Gandhi gives the nod.

In a brief interaction with the media persons before set went into closed-door parleys with local party functionaries in Rae Bareli, the charismatic 40-year-old declared, "I am ready to extend any help to my brother".

Her brother, a Congress general secretary, is also making untiring efforts to re-establish the Congress party in this state where elections to the state assembly are to be held next month.

Asked if she would continue to confine herself only to campaigning in the assembly segments of parliamentary constituencies of her mother and brother, Priyanka shot back, "Well, for now I am here in Amethi and Rae Bareli only. But if my brother wants, then I will promptly move elsewhere; perhaps we can take a final call on that after I have discussed the issue with Rahul."

She observed, "My brother is pretty clear about what he wants and the role he would want me to play in the campaign. As far as I am concerned, I will do anything to help my brother and go to campaign wherever he wants me to go."

Known for her prompt responsiveness, Priyanka stopped her vehicle when a group of women waved out at her outside a private industrial unit that was shut for two years, leaving the workers jobless. Though the women workers looked angry while narrating their tale of woe because of the closure of the unit, she tried to cheer them up by patting the cheek of the one who was most aggressive, while asking her to have patience.

And when she told them, "since the election model code of conduct is in force, there is little that we can do right now, but we will certainly look into it after the elections", the frown on the faces of the agitated women turned into smiles.

She told media persons, who were trailing her since morning, "We have been trying to work out some solution for these people who are naturally keen that their factory be restarted, so that their source of livelihood is restored."

  1. Images for priyanka gandhi

     - Report images
  2. Priyanka Vadra - Wikipedia, the free encyclopedia

    Priyanka Gandhi was sometimes talked about as a potential inheritor of the Gandhi political legacy. However she has been very clear that while she does assist ...
  3. Priyanka Gandhi ready to play bigger role in Congress - The ...

    1 hour ago – Priyanka Gandhi Vadra Tuesday clearly indicated she was ready to play a bigger role in the Congress party, provided her brother Rahul ...
  4. Priyanka Gandhi to play pro-active role in politics? - The Times of India
    7 hours ago – Priyanka announced that though she had not made up her mind on joining active politics yet but finally, she would do whatever brother Rahul ...

  5. The Hindu
  6. Priyanka Gandhi Wedding Photos
    Priyanka Gandhi Wedding Photos.sonia Gandhi daughter priyanka gandhi wedding Photos,Priyanka gandhi weds Robert Vadra Priyanka Gandhi marriage ...
  7. Will do whatever my brother wants: Priyanka Gandhi Vadra

    1 hour ago – The Congress can look forward to more star power for the Uttar Pradesh Assembly polls with Priyanka Vadra saying that she is open to the idea ...
  8. priyanka gandhi Pictures, priyanka gandhi Wallpapers,priyanka ...

    priyanka gandhi Pictures,priyanka gandhi Wallpapers, priyanka gandhi Pics,priyanka gandhi Photos. Click on the priyanka gandhi Images.
  9. Celebrity Wedding - Priyanka Gandhi and Robert Vadhera - YouTube Jan 2009 - 3 min - Uploaded by BharatMatrimonyTV
    Rahul Gandhi's ex-girl friend in Cyrus Broach' sgadekar 228943 views · Thumbnail 2:11. Add to ...
  10. Priyanka Gandhi Vadra Part-1 - YouTube Apr 2008 - 6 min - Uploaded by pressbriefin
    Priyanka Gandhi = Bianca Vinci Khan. Keep licking your own ass and fake Gandhis ass. Better give yourself ...
  11. Priyanka gandhi | Facebook
    Priyanka gandhi - This page is for HONEST FEEDBACK ONLY ! - Religious Views: Religious Humanism - About Me: I'm not administrator of this page.This fan ...
  12. Priyanka Gandhi Vadra | Priyanka enters battlefield UP | Photos ...
    6 hours ago – Photo of Priyanka Gandhi Vadra addresses Congress party workers during a meeting in Amethi. PTI Photo.
  13. Rahul Gandhi - Wikipedia, the free encyclopedia

    Due to the security threats faced by Indira Gandhi's family from Sikh extremists, RahulGandhi and his sister, Priyanka were home-schooled since then. Rahul ...
    दीपक बाबा दीपक बाबा shared this on Blogger · 25 Dec 2011
  14. rahul gandhi Pictures, rahul gandhi Wallpapers,rahul gandhi Pics ...

    rahul gandhi Pictures,rahul gandhi Wallpapers, rahul gandhi Pics, rahul gandhiPhotos. Click on the rahul gandhi Images.
    JAYRAM VIPLAV JAYRAM VIPLAV shared this on Blogger · 1 Mar 2011

1 2 3 4 5 6 7 8 9 10 Next

Priyanka Vadra

From Wikipedia, the free encyclopedia
Priyanka Gandhi
Born 12 January 1972 (age 40)
ResidenceDelhi, India
Political partyIndian National Congress
SpouseRobert Vadra
ChildrenRaihan Vadra and Miraya Vadra
Priyanka Vadra (born 12 January 1972), is an Indian politician. She is the granddaughter ofFeroze Gandhi and Indira (née Nehru) Gandhi, and belongs to the Nehru-Gandhi family.



Early life

Priyanka Vadra is the second of two children of late Rajiv Gandhi and Sonia Gandhi, current President of the Indian National Congress, and the Chairperson of the ruling United Progressive Alliance.
Her father Rajiv Gandhi, grandmother Indira Gandhi and great-grandfather Jawaharlal Nehru were all Indian Prime Ministers. Her grandfather Feroze Gandhi was a respected parliamentarian and her great-great-grandfather, Motilal Nehru, was a distinguished leader in the Indian Independence Movement
She attended Modern School (New Delhi)[1] Convent of Jesus and MaryNew Delhi, and holds a BA (hons) degree in psychology from Jesus and Mary CollegeDelhi University. She is an amateur radio operator, carrying the callsign of VU2PGY.

Political career

Priyanka Gandhi was sometimes talked about as a potential inheritor of the Gandhi political legacy. However she has been very clear that while she does assist her mother and brother, her priorities are clearly with her family including her two children.
At a 1999 campaign, she said in an interview to BBC: "I am very clear in my mind. Politics is not a strong pull, the people are. And I can do things for them without being in politics".[2] Nonetheless, the question of her joining formal politics would be bothersome: "I have said it a thousand times, I am not interested in joining politics...".[3]
She has however continued to regularly visit her mother's and brother's constituencies of Rae Bareilly and Amethi where she dealt with the people directly, a role she appears to enjoy. She is a popular figure in the constituency, drawing large crowds everywhere; a popular slogan in Amethi in every election has been Amethi ka danka, bitiya Priyanka (the clarion call from Amethi is for Priyanka [to stand elections]).[4] She is reputed as a good organizer, level headed, and is believed to be her mother's "chief advisor on political matters".[4]
In the Indian general election, 2004, she was her mother's campaign manager and helped supervise her brother Rahul Gandhi's campaign. In a press meeting during these elections she said that "politics is all about serving the people and I am already doing that. I may continue doing only that for five years more.".[5] This led to speculations that she may bear some responsibilities for the Congress Party in Uttar Pradesh. In a BBC Hindi radio service interview she mentioned the war in Sri Lanka and commented "It's not your cause which makes you a terrorist but your method which makes you a terrorist. "[citation needed]

Uttar Pradesh assembly elections, 2007

In the Uttar Pradesh assembly elections, 2007, while Rahul Gandhi managed the statewide campaign, she focused on the ten seats in the Amethi Rae Bareilly region, spending two weeks there trying to quell considerable infighting within the party workers over seat allocations.[6]
On the whole, the Congress party was routed in the state, managing 22 seats out of 402,[7] its lowest tally in decades. However, in what is widely seen as a cachet for Priyanka Gandhi's quiet organizational and vote-drawing ability, the Congress which had only two area seats (out of ten) in the 2002 assembly, now managed to wrest seven, while posting significant gains in all the seats, and this despite initial dissidence within the party.[8] The details of the five seats each from the Rae Bareli and Amethi regions are as follows:
No.ConstituencyPartyElected RepresentativeOfficial resultsINC %age 2007 (2002)
091Bachhrawan Congress Raja Ram results: 91 33.19 (9.95)
093Rae Bareli Ind Akhilesh Kumar Singh results: 93 20.25 (74.18)
094Sataon Congress Shiv Ganesh results: 94 49.13 (6.69)
095Sareni Congress Ashok Kumar Singh results: 95 43.53 (20.86)
096Dalmau Congress Ajay Pal Singh results: 96 36.38 (9.23)
092Tiloi SP Mayankeshwar Sharan Singh results: 92 31.34 (24.02)
097Salon Congress Shiv Balak Pasi results: 97 37.14 (25.17)
105AmethiCongress Amita Singh results: 105 40.59 (28.06)
106Gauriganj BSP Chandra Prakash results: 106 24.55 (22.71)
107Jagdishpur Congress Ram Sewak results: 107 37.6 (33.04)
Note that at Rae Bareli, the erstwhile Congress candidate, winning since 1993, was disaffected from INC, and stood and won as an Independent. In all the other constituencies in the area, Congress made significant gains.

Personal life

She is married to Robert Vadra, a prominent businessman from Delhi. They have two children, Raihan and Miraya.

See also


  1. ^ Amrita Kapur, Tales of M.N. Kapur, History of Modern School
  2. ^ Mike Wooldridge, BBC News, Priyanka: Daughter of the dynasty, 1 October 1999
  3. ^ Rediff On The NeT: The Rediff Election Interview/ Priyanka Vadra
  4. a b Purnima S. Tripathi (Volume 19 - Issue 26, 21 December 2002 - 3 January 2003). "A flutter in Amethi"Frontline (magazine). Retrieved 2007-08-15.
  5. ^ Sanjay K Jha (2004). "Priyanka says, I am already in politics"The Pioneer (daily)Sultanpur. Retrieved 2008-08-15. "She has dedicated herself to managing the election of her mother in Rae Bareli, doing everything from handling small details of the campaign to addressing public meetings herself."[dead link]
  6. ^ Atiq Khan (2007-04-14). "Priyanka campaigns in Amethi"The Hindu.
  7. ^ UP Assembly Election Results, Election Commission Website
  8. ^ "Gandhi siblings' magic worked in Rae Bareli, Amethi". 11 May 2007. Retrieved 2008-08-16.

External links

View page ratings
Rate this page
The Budget should aim at raising the Gross Domestic Product (GDP) growth rate to 8% in 2012-13 from the expected 7% in the current fiscal, according to
Planning Commissiondeputy chairman Montek Singh Ahluwalia.

"We should be aiming at 8% (growth) next year and from then onward, we can build on to a more rapid growth. Most important thing is this regard, in my view, would be a Budget that signals a return to fiscal consolidation," Ahluwalia said in an interview with Karan Thapar on CNBC TV-18.

"The government's objective in the Budget should be to recover the momentum of growth," he said, adding that the Union Budget, to be presented in mid-March, will be a very important and critical signal.

The media  and Economists argue that combination of high interest rates and slow decision-making by the government, widely referred to as policy paralysis, had stalled investments. Gross fixed capitalformation, a measure of investments, contracted 0.7% in the second quarter of the current fiscal from a year ago.

The Union Budget for 2012-2013 will be an interesting one to watch, not just for the local audience but for foreign observers as well.

India's gross domestic product threatens to expand by a lowly 7 percent in the fiscal year ending March 2012 and investors, businesses and consumers will be watching to see if the government takes any confidence-boosting steps to reverse that trend.

According to a report in The Economic Times, they won't be disappointed.

It predicts Finance Minister Pranab Mukherjee will introduce a reforms-studded budget to spur investments and economic activity.

The measures will, in particular, include sops for infrastructure, as well as incentives for investments in sectors such as fertilisers, cold chains and agricultural supply chains. "Driving investments will be one of the key areas. The focus would be on measures for sectors such as infrastructure and those that benefit agriculture and employment generation," a government official is quoted as saying by the newspaper.

About time too. Large-scale investments have practically stalled in the country due to a toxic mix of regulatory hurdles, environmental and land acquisition issues and high interest rates.
Investments in agriculture will be particularly welcome because they will go a long way in reducing wastages, improving output and most importantly, curbing food inflation, which, notwithstanding the current and possibly temporary dip in food prices, seems like it will be around for quite a while.

Earlier, the government had sought to improve the agricultural supply chain by allowing foreign retail giants like Wal-Mart and Carrefour to open shops in India if they invested a certain portion of their funds in back-end (supply) infrastructure.

However, that proposal backfired after intense political opposition to foreign entry in India's multi-brand retail sector forced the government to retreat on the idea.

Nevertheless, the fact remains that agriculture is crying out for investments and reforms for the sector will be a big plus for the economy — and the government, which, in recent times, has been accused of being 'policy comatose.'

Ditto for any measures to promote infrastructure, which has felt the brunt of a drop in investment proposals (they dropped to a five-year low recently). There is absolutely no argument over the fact that India needs more roads, ports and railways.

Of course, this possibly reformist zeal to further throw open the doors to private investments is, no doubt, being stoked by the fact that on its own, the government has very little to spend to prop up the economy.

Mukherjee has conceded that the government is likely to miss the fiscal deficit target of 4.6% of GDP in the current fiscal, increasing pressure to rein in spending.

The budget could announce easing of norms governing foreign investment in infrastructure and set up a dedicated infrastructure debt fund to provide support to public-private projects. It may also attempt to spur ureaproduction by subsidising use of imported natural gas.

The subsidy will be limited to the difference between imported and cheaper domestic gas and is intended to protect the investor and government from large fluctuations in gas prices.

The cold chain policy in the works may allow the operator of the chain to source farm products from anywhere in the country rather than from the state where it is located.

"Sentiments are down... They must take measures in the budget and make it a policy statement," said Rajiv Kumar, secretary general, FICCI.

But some experts said attention should also be paid to fiscal consolidation. "They will have to make pro-investment noises.

Fiscal deficit is key because that will determine cost of funding...," said Abheek Barua, chief economist, HDFC Bank.

Unlike 2008, the government does not have the leeway to step up spending to generate demand and is looking to spur private spending through policy impetus.

A senior World Bank official today said that the country can return to achieving nine percent growth if the government removes uncertainties in policy-making and go for early implementation of some of the long pending tax laws.

"The worst thing for investment is not knowing what is coming next. And if that can be tackled by the government, its going to restart the process of 8-9 percent growth," World Bank's Chief Economist forSouth Asia Region Kalpana Kochhar told reporters here on the sidelines of a CII event.

As an immediate solution on the fiscal side, Kochhar suggested early implementation of long pending reforms like the Goods and Services Tax and Direct Tax Code on the revenue side and reducing subsidies to control the expenditure.

Vijay Kelkar, chairman of National Stock Exchange and former Finance Secretary was more critical and blamed 'bad policies' for low growth and the resultant impact on employment.

Uncertainties in policies result in investors staying off from the country, he said and pointed out to the retrospective nature of tax laws and non-conformity of contracts in the country as severe constraints faced by investors.

"That's not the way to encourage investment, not the way to encourage growth because you are increasing cost of risk capital. Nothing hurts investor (more) than not knowing what his tax burden is going to be," he said.

Due to global problems like slowdown in the euro zone and domestic issues like widening fiscal deficit, depreciating currency, inflation and the consequent rate hikes by the Reserve Bank, the government has been forced to downwardly revise its FY12 growth forecast.

As against the budgeted 9 percent, it now estimates FY12 GDP growth will be around 7.5 percent while a slew of analysts have pegged it at 7 percent.

The industry has been vociferously attacking the government for its policy paralysis which is resulting in the slower growth, pointing out specifically to rollback on allowing multi-brand foreign direct investment, targeting corporate honchos in 2G spectrum scam and delays in environmental clearances for projects.

Kelkar drew parallels between the country and other emerging economies and said India discourages employment-intensive manufacturing sector like no other country by heavily taxing the units. A step like GST is urgently required, he observed.

The government last month revised the growth forecast for the current fiscal downward to 7.5% on domestic concerns like high inflation and slowing industrial output, besides a global slowdown. The Indian economy had expanded by 8.5% in 2010-11.

During the first half this fiscal, economic growth stood at 7.3%. In the second quarter (July-September) of 2011-12, growth slipped to a two-year low of 6.9%.

"How much we can do to uncork the bottlenecks in infrastructure depends on the confidence that the Budget can bring in. But I think it would be reasonable for us to try to try to take the economy back to 8% (growth)," Ahluwalia said.

Ahluwalia said the aim in the near-term should be to create conditions for greater investment by both the private and public sector.

"Public Sector Undertakings (PSUs) have a lot of cash and they should be investing in energy or infrastructure. I think those are the things we should be focusing (on)...," he said.

According to Ahluwalia, it would be possible to signal international investors that India's growth fell to around 7%, but is on the way up again.

"There would not be too many countries doing that, other than China," the Plan panel deputy chief said.

He pegged growth in the current fiscal at around 7%.

"I think we are going to end the year with around 7% growth. We are going to end the year without the panic about inflation... That's a good time to look at what the next year is going to look like," Ahluwalia said.

He said in a time when sovereign ratings of many euro zone countries have been downgraded and global uncertainty, markets in India and abroad are looking to see which countries are positioning themselves well.

"In my view, India is in a position where we could give signals that position us well," he said.

The World bank today launched a report titled "More and better jobs in south Asia" which points out the need for reforms across sectors to create and sustain multi-sectoral jobs.

In the future, the region will have to create enough jobs to absorb up to 1.2 million new entrants into the labour force, it said.

India's economic growth rate will remain subdued at 7.7 per cent in 2012 and 7.9 per cent in 2013 as downside risks have increased, mainly on account of problems in Europe and the USA, says a UN report.

"India's economy is forecast to expand at a pace similar to 2011 in the following two years... at 7.7 per cent in 2012 and 7.9 per cent in 2013," the UN reporton 'World Economic Situation and Prospects 2012' said.

The report cautioned, "The downside risks to the regional outlook have sharply increased in recent months... particularly in case of India. Double-dip recessions in Europe and the United States would have a significant impact on economic activities across South Asia."

The government recently lowered the GDP growth target for the current fiscal to 7 per cent from the earlier estimate of 8.5 per cent.

However, the study gave a positive outlook on South Asia's economic growth prospects and projected that the region's economies will grow by 6.7 per cent and 6.9 per cent in 2012 and 2013, respectively, accelerating beyond the 6.5 per cent growth rate experienced in 2011.

South Asia constitutes India, Pakistan, Nepal, Iran, Bangladesh and Sri Lanka.

The report also raised a red flag on India's fiscal deficit target, saying the Indian government is unlikely to achieve its deficit target of 4.7 per cent of the GDP for 2011-12 as lower growth has brought down tax revenues and disinvestment in state-run companies has been put on hold.

Nevertheless, the study has given a positive outlook for India's job market, saying, "India is enjoying gains in employment rates."

India to soon discuss lifting sugar controls
India's food minister will soon discuss with the finance minister lifting controls on sugar, K.V. Thomas said on Tuesday, a day after industry officials lobbied the government to free the sector.

The food minister also said he was open to allowing more sugar exports.

New Delhi, keen to ensure cheap availability of the sweetener and to keep prices in check, currently sets the price mills must pay to farmers and buys 10 percent of their output, called levy sugar, at a big discount for its welfare schemes.

The government also decides how much sugar will be sold in the open market and at times imposes limits on stocks that large buyers can hold -- all measures which some industry players say lead to a cycle of boom and scarcity.

Miller have also sought a second tranche of 2 million tonnes of sugar for exports by end-March. The government has allowed exports of 1 million tonnes of sugar in the 2011/12 season and permission for a second tranche of overseas sales is awaited.
AIR India is Dumped!We had been Warning for so long! Now Govt favours 49% FDI in aviation, to give Rs 150 crore to Air India!

Air India's debt recast plan has been rejected and the struggling carrier will now have to start from scratch. Sources say that the bone of contention was the cumulative redeemable preference shares.

Post the meeting, SBI chairman Pratip Chaudhari said that the Air India management, SBI and SBI Caps will meet within this week itself to see what are the various options that can be worked out. "We have agreed to work out another restructuring for both Air India and the Civil Aviation industry together. Within this week itself, all the banks are meeting at the highest level along with SBI Caps, who are advisors to Air India, and maybe Air India management also to see that what are the various options that can be worked out," he said.

This comes as a great surprise because SBI Caps and SBI were actually part of this proposal, says CNBC-TV18's Aakansha Sethi. A Finance Ministry committee had recommended that there will be about Rs 28,000 crore of equity infusion in Air India over a period of time. Their debt was to be restructured, with Rs 11,000 crore of debt converted into long-term debt, Rs 7,000 crore converted into a cumulative redeemable preference shares (CRPS) and about Rs 3,500 crore converted into cash credit.

Sources say that the bone of contention is CRPS because SBI does not want to convert debt into CRPS, which lead to other lenders saying that until SBI converts into CRPS they will also not convert. Now this restructuring package that the Finance Ministry has proposed will be reworked on because the SBI chairman has told us that it is not implementable and new options will be considered.

Accepting a major demand of the cash-strappedaviation industry, the government on Tuesday said it would soon launch the process to allow foreign airlines 49 per cent stake in Indian carriers.

A meeting between finance minister Pranab Mukherjee and civil aviation minister Ajit Singh also decided to immediately release Rs 150 crore for payment of portion of pending salaries and allowances of Air India employees, including pilots.

Foreign direct investment "is one of the factors that will help the sector that is in financial stress," Civil Aviation Minister Ajit Singh said in New Delhi today after discussing the matter with Finance Minister Pranab Mukherjee. A note on the proposal will soon be sent to the cabinet for final approval, he said without specifying a timeframe.

The move may give Kingfisher and Jet Airways (India) Ltd. access to cash and expertise as they contend with higher fuel costs and a price war. Overseas carriers may become interested to get a slice of the Indian aviation market where domestic traffic is forecast to surge fourfold by 2020.

"Strategic investment by foreign carriers will play an important role in providing confidence for further institutional capital to follow," said Binit Somaia, a Sydney-based director at industry adviser CAPA Centre for Aviation. It will also "strengthen management capability."

Shares of Kingfisher, Jet Airways and SpiceJet Ltd., India's only listed discount carrier, surged in Mumbai ahead of the ministers' meeting. Kingfisher rose 4.8 percent to 25.1 rupees at close of trading in Mumbai, the highest level since Dec. 7. Jet Airways, the nation's biggest, and SpiceJet jumped 10 percent each.

Foreign airlines are currently barred from owning stakes in Indian carriers. Non-airline investors from overseas can hold as much as 49 percent. India's civil aviation ministry had earlier proposed allowing 24 percent ownership for overseas operators.

Replying to questions after the 75-minute meeting, Singh said "the question was to allow foreign airlines to participate in FDI. I discussed it with the finance minister and he has agreed. We will bring out a note for the Cabinet now."

Allowing foreign airlines to pick up stake in Indian carriers would mark a major policy shift. Earlier foreign airlines were not allowed to invest in Indian airlines though foreign direct investment was allowed.

Asked about the FDI cap on foreign airlines, he said "49 per cent FDI is already there. The question was to allow (international) airlines to participate in the FDI. The CoS (Committee of Secretaries) has also recommended that FDI limit should be raised to 49 per cent."

Singh said FDI was one of the factors which would help the industry to survive the current financial crisis. "We all know that the aviation industry is under a lot of stress."

On Air India, Singh said Rs 150 crore would be "released soon" to the ailing national carrier.

Noting that Air India pilots had recently gone on an agitation, he said "the government has decided to release sufficient funds to pay at least some part of their wages and PLI (productivity-linked incentives)."

Meanwhile, the civil aviation said the UPA government will release Rs 150 crore for payment of portion of wages of Air India employees, including pilots.

Noting that half of the "huge debt burden" of $ 20 bn in 2011-12 was aircraft-related and the rest for working capital loans and payments to airport operators and fuel companies, the working group said the existing FDI policy "does not permit foreign airlines investment, thereby denying access to potential sources of capital and expertise".

It also pointed out that the industry faced "many taxes" like those on fuel, aircraft leases, airport charges, air passenger tickets, air navigation service charges, maintenance costs, fuel throughput fees and other such charges.

"These fees and taxes on inputs are either not present in other matured aviation markets, or are much lower there. The Indian air transportation industry is thus laden with very high costs and larger operating losses than their other counterparts globally," it said.

This, the Planning Commission document said, was "not to say that air transport industry should be completely exempt from taxation - rather, it is a matter of distortion that needs to be addressed."

Maintaining that the future of Indian aviation growth was "critically linked to the health of the airline industry", it said apart from many structural factors, "the operating cost environment is adversely impacting the financial of the airline sector".

Noting that taxation of the sector was disproportionately high, it said "airlines must be treated as economic assets rather than as convenient source of taxation. Air travel should not be treated as a luxury good, but as a necessary and normal service ... and should be taxed accordingly".

Observing that the key cost drivers were high taxes and the ATF price which accounted for 40 % of the airlines' operating cost, it said "there is no doubt that the current regime of aviation fuel taxation adversely impacts the financial performance of Indian air carriers.

"If aviation fuel taxes are disproportionately higher without any basis, then it retards the industry development vis-a-vis the overall growth in the economy and limits its potential contribution to economic well being. Multiple and higher levies on ATF will impact the operating cost environment of airlines."

The working group also pointed out that following dismantling of the administered price mechanism for oil, ATF prices in India were directly linked to the Gulf prices.

The jet fuel price in India "do not relate to the actual cost of producing ATF in India", it said and suggested that these prices be rationalised "to minimise the cascading effect of tax regime" so that the airlines' operating costs became conducive for provision of affordable air services.

Nehru–Gandhi family

From Wikipedia, the free encyclopedia
Nehru-Gandhi family
Nehru family.jpg

The family of Motilal Nehru, who is seated in the center. Standing (L to R) Jawaharlal Nehru,Vijaya Lakshmi PanditKrishna HutheesingIndira Gandhi and Ranjit Pandit; Seated: Swaroop Rani,Motilal Nehru and Kamala Nehru (circa 1927)
Ethnicity Mixed ethnicity
Current region India New DelhiIndia
Notable membersMotilal Nehru
Jawaharlal Nehru
Vijaya Lakshmi Pandit
Indira Gandhi
Rajiv Gandhi
Sanjay Gandhi
Arun Nehru
Sonia Gandhi
Maneka Gandhi
Rahul Gandhi
Varun Gandhi
Estate10 Janpath
The Nehru–Gandhi family is an Indian political family which has been dominant in the Indian National Congress for most of India's history since independence. (Despite a similarity in name, Mahatma Gandhi is not a member of this family.)
Three members of the family (Jawaharlal Nehru, his daughter Indira Gandhi and her son Rajiv Gandhi) have been Prime Minister of India, the latter two of which have been assassinated. A fourth member of the family, Rajiv's widow Sonia Gandhi, is currently Congress President. Rajiv and Sonia's son, Rahul Gandhi, is a member of Parliament and General Secretary of the Congress Party. Maneka Gandhi, wife of Indira Gandhi's second son Sanjay Gandhi, who lost his life in a plane crash, and their son, Varun Gandhi, are current members of Parliament, though they are members of Bharatiya Janata Party, which is the de facto, main political opponent of Congress.




Nehrus originally from Kashmir, settled in Delhi in early 18th century, where Motilal Nehru's grandfather, Lakshmi Narayan, became the first lawyer (Vakil) of the East India Company at the shadow court of Emperor of Delhi.[1] His son Gangadhar, was a police officer in Delhi in 1857, and during the Mutiny, when the British troops began shelling their way into the city, he fled to Agra along with his wife Jeorani and four children. Gangadhar's eldest son is Bansi Dhar Nehru has worked in the judicial department of the British Government and, being appointed successively to various places, was partly cut off from the rest of the family. The second son,Nand lal Nehru, entered the service of an Indian State and was Diwan of Khetri State inRajputana(modern day Rajasthan) for ten years. Later he studied law and settled down as a practicing lawyer in Agra. [2][3]
The Nehru family has connection with Allahabad city of present day Uttar Pradesh state of India. In Allahabad, Jawaharlal Nehru was born, this is the Constituency he represented in Parliament, and where childhood of Nehru's daughter Indira Gandhi and grandchildren Rajiv and Sanjay Gandhi was spent. However Nehru's father Motilal Nehru was of Kashmiri Pandit descent. The name "Nehru" is derived from the Hindi"nehar", meaning canal, when the Mughal Emperor Farrukhsiar had allotted the land adjacent to a canal or "nehr" to Raj Kaul who originated from Kashmir.[4]
The family's political fortunes were founded by Motilal Nehru (1861–1931), who was a prominent lawyer and early activist in the Indian independence movement. Motilal was succeeded as President of the Congress by his son, Jawaharlal Nehru (1889–1964), in 1929. Jawaharlal then became one of the most prominent Indian nationalist leaders, in close alliance with the movement's spiritual leader, Mahatma Gandhi.

[edit]Rise to power 1947-1991

In 1947, India became independent and Jawaharlal Nehru became Prime Minister, holding this post until his death in 1964. Nehru's sister, Vijaya Lakshmi Pandit (1900–1990), was also prominent in Congress politics. She became a diplomat, serving as ambassador to the USSR, High Commissioner to the United Kingdom, and later as President of the United Nations General Assembly in 1953.
Nehru encouraged his only child, Indira Gandhi (1917–84) to be active in Congress politics. She entered the Cabinet in 1964 when Lal Bahadur Shastri became Prime Minister upon Nehru's death. Then in 1966, following the death of Lal Bahadur Shastri, she became Prime Minister, holding the position until her defeat in the 1977 elections. During her Prime Ministership her younger son,Sanjay Gandhi (1946–80), wielded enormous political influence without holding any accountable government office. His alleged abuse of power is cited as one of the reasons for the government's 1977 defeat. Sanjay died in a plane crash in 1980
Indira Gandhi returned to power in 1980 and remained in office until her assassination in 1984. The Indian state of Punjab had been in turmoil, with a section of the predominantly Sikh population demanding independence. Many youths had radicalized and adopted militant means to attain their demand for an independent state (which they called Khalistan). Gandhi ordered the army to storm the Sikh religion's holiest shrine, the Golden Temple, on 6 June 1984, to flush out radical leader Jarnail Singh Bhindranwaleand his heavily armed supporters. The army operation, titled Operation Blue Star, resulted in heavy exchange of fire and extensive damage to the temple, including the sanctum sanctorum (Akal Takht. This caused widespread anger among the Sikh community. Gandhi was killed by two of her Sikh bodyguards on 31 October 1984; the remaining bodyguards killed one of the assassins and captured the other. Her sudden death triggered anti-Sikh riots in many parts of India.
She was succeeded by her elder son, Rajiv Gandhi (1984–91), an airline pilot, who was initially reluctant to enter politics, but was persuaded by the Congress that no-one else could lead it. He was defeated at elections in 1989, but was assassinated in 1991 by a suicide bomber, suspected to be linked to the Liberation Tigers of Tamil Eelam (LTTE). In 1987, he had authorized an Indian Peace Keeping Force to be sent to Sri Lanka to fight the LTTE. He was survived by his widow Sonia, and two children, Rahul and Priyanka.

[edit]Sanjay's legacy

Sanjay Gandhi's widow Maneka and their son Varun were excluded from power in the Congress after Sanjay's death, and are now members of the Bharatiya Janata Party (BJP). Maneka fell out with her mother-in-law Indira, following Sanjay's death, and was even thrown out of her home. She joined the opposition Janata Dal and became a Union Minister in the VP Singh Government which followed Rajiv Gandhi's electoral defeat in 1989. She continued to contest from Pilibhit, Uttar Pradesh, with a defeat in 1991 and victory in 1996. She left the Janata Dal, and during the 1998 and 1999 elections, contested as an Independent supported by the BJP. She supported the BJP-led National Democratic Alliance Government at the Centre and became a Minister of Social Justice and Empowerment. During the 2004 General Elections, she formally joined the BJP along with her son, Varun Gandhi. Maneka won her seat again, but Varun did not meet the age requirement to contest, and spent his time campaigning. In October 2006 Varun Gandhi was tipped to contest the by-elections to the Lok Sabha parliamentary Constituency of Vidisha (the vacancy was necessitated by the resignation of the incumbent, Mr. Shivraj Singh Chauhan who was elected as the Madhya Pradesh chief minister). Varun Gandhi could not succeed in getting nomination from the BJP national executive and instead the party nominated Mr. Rampal Singh a minister in the Madhya Pradesh. In 2009 Lok Sabha election, Varun Gandhielected as a MP from Pilibhit seat of Uttar Pradesh.

[edit]The rise of Sonia Gandhi

Arun Nehru, Rajiv Gandhi's cousin, was Minister for Power and then Minister for Internal Security in Rajiv Gandhi's government, but later defected to the rival Janata Dal.
After Rajiv Gandhi's death, the Congress was led by P. V. Narasimha Rao, who became Prime Minister. After his defeat in India's 1996 General Elections, the power in the Congress party shifted to Sitaram Kesri, an aging loyalist of Indira Gandhi. During this period, Sonia kept herself and her children out of the public limelight, not wanting them to face the fate of her husband and mother-in-law.
The party loyalists always wanted a member of the Nehru- Feroz Gandhi family to lead the party, as its fortunes slipped in elections around the nation. Despite her reluctance, Sonia Gandhi was eventually persuaded to become active in the Congress Party, and she quickly became its center of power, forcing Kesri's resignation and allowing her uncontested ascent to the party's Presidency in 1998.
The following period saw her becoming increasingly visible in politics (She is attributed to engineering the downfall of the Vajpayee government in 1999, in an unsuccessful attempt to install a Congress government). During India's 2004 General Elections, Sonia was projected the Congress's Prime Ministerial candidate, and the party and its allies emerged as the largest group in the Lok Sabha, with the Communist parties supporting the coalition from outside. Initially, every coalition partner and the Communist parties had accepted her as the Prime Minister. The opposition BJP held nationwide protests against a 'foreigner' ascending the Prime Minister's post.
On 18 May 2004, Sonia Gandhi declined the Prime Ministerial position, passing it on to Dr. Manmohan Singh. At these elections Rahul Gandhi was elected to the Parliament for the first time, representing a fifth generation of the family in politics from a traditional Gandhi stronghold, Amethi (Uttar Pradesh). Her daughter, Priyanka Vadra, did not contest the elections, but campaigned for the party. Many Congress leaders and supporters have vocally promoted her future as the party's leader, but she has not accepted a life in active politics, so far.

[edit]See also


[edit]External links

Palash Biswas
Pl Read:
Priyanka Gandhi ready to play bigger role in Congress as Pranab is all set to play Magic to reset Policy making Process to change the Traditional Budget which would have impact on Planning, Legislation and day to day Governance!Be Aware.Rahul Gandhi Failed Miserably to help the dynasty sustaining Gandhi Nehru Dominance within the ZIONIST MANUSMRITI LPG Mafia Hegemony. Thus, Priyanka Gandhi has to pump fresh blood in the CORPSE!

No comments:

Post a Comment