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Karnataka: Modi  stands exposed, Congress gains

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This time, Narendra Modi and Amit Shah have failed to foist a BJP government in Karnataka and the high drama surrounding forcible installation of BJP government showed that Modi could resort to anything to grab power.

The entire sequence of events after the Karnataka elections verdict from BS Yeddurappa taking oath and then resigning just ahead of the floor test and culminating to the announcement of formation of Congress-JD(S) coalition government revealed how it has become difficult for a party to protect their legislatures from being poached by the BJP.

BJP again indulged in using money and muscle power to lure MLAs of other parties to reach the half mark as the Saffron party emerged as the single largest party with 104 members but short of majority while Congress with 78 seats immediately after the verdict sent Ghulam Nabi Azad and Ashok Gehlot to form an alliance with JD(S) having 37 MLAs .

The desire of adding Karnataka to the list of 19 states where it is in power has been dashed and the disgraceful exit of BS Yeddyurappa two days after assuming the office of the Chief Minister of Karnataka was triggered after the Supreme Court had directed BJP leader BS Yeddyurappa 24 hours to prove majority in the Karnataka assembly due to the fractured mandate in Karnataka assembly elections earlier this week.

The governor, constitutionally, should invite the party or alliance that could ensure a stable government but Karnataka Governor Vajubhai Vala called the BJP to form the government.He erred as he acted in an unconstitutional manner that could encourage horse-trading consequently JD (S) alongwith Congress were shifted to Hyderabad to guard against poaching of their legislatures.

Governor Vajubhai was a minister in BJP government in Gujarat from 1997 to 2012 and is a vetran Sangh memeber since 1971.

In Goa, Manipur and Meghalaya, the Congress won the largest number of seats and also staked claim before the respective governor to form government but the BJP manipulated and resorted to horse-trading to grab power .But the entire drama in Karnataka has exposed Prime Minister Narendra Modi who claims to be non corrupt and respect  the peoples mandate as audio clips were heard in which even Yeddyurappa appeared to be luring MLAs of Congress to join the BJP .

Congress has even released an explosive audio clip alleging horse-trading by the BJP. The party in a press meeting in Bengaluru on Friday evening released a 2 minute 41 second audio clip, and alleged that it had the voice of mining baron and former BJP minister Janardhana Reddy, who can be heard speaking to Congress Raichur Rural MLA-elect Basavanagouda Daddal.

The Congress has alleged that Janardhana Reddy has sanction from top BJP leadership, as he mentions ‘National President’ in the conversation.

The whole exercise has proved that the aura of clean image of Narendra Modi has suddenly vanished.

Hours before BS Yeddyurappa resigned as chief minister in the Karnataka assembly, two Congress lawmakers had gone MIA this morning. But they were both back with the Congress just in time for the floor test that never happened. The Congress alleged that they had been held captive inside a hotel in Bengaluru by the BJP.

Anand Singh and Pratap Gowda Patil reached the assembly, the Vidhana Soudha, about an hour before the trust vote was scheduled. Pratap Gowda Patil was seen pushing away BJP lawmakers and rushing to join his Congress colleagues.

“Pratap Gowda won’t betray us,” Congress leader DK Shivkumar said, who has been in charge of guarding his party’s lawmakers and organizing their “protection”.

Andhra Pradesh Chief Minister N Chandrababu Naidu has termed the resignation of B S Yeddyurappa as Karnataka Chief Minister a “victory of democracy”and said “this is not an ordinary victory. Entire people of the country will be happy. It is a proud day for all of us.”

 

Congress moved Supreme Court On May 16 late evening against the governor’s invitation to the BJP.The Apex court opened its doors at midnight for an urgent hearing.Hearing began at 2.11 am on May 17 and concluded at 5.28 am in which SC refused to stay oath-taking ceremony of Yeddyurappa.Yeddyurappa was sworn in as Chief Minister at 9 am. on May 17. On May 18 , Supreme Court ordered floor test at 4 pm on May 19.Janata Dal Secular leader HD Kumaraswamy said he will take oath as the chief minister of Karnataka on Monday, hours after the BJP’s BS Yeddyurappa conceded defeat and resigned from the top post without facing a floor test when it saw that it had fallen
short of the target of 112 in the 224-member House.

BJP leader Prakash Javadekar said “In a democracy, everyone has a right to form an alliance but an alliance without ideology won’t work,People don’t accept alliances which are not formed on ideological similarities.”

It is pertinent to mention that in Jammu and Kashmir BJP cemented alliance with PDP which has diametrically opposite stand on most key issues and ideological difference between Mehbooba’s Valley-centric Peoples Democratic Party (PDP) and its ally, the Jammu-centric Bharatiya Janata Party (BJP) has resulted into crisis in Kashmir with renewed surge in militancy,situation in the Valley remains volatile and unstabile and ceasefire in tatters.

Congress President Rahul Gandhi has given two direct messages to the entire Opposition that Congress is ready to ally with any regional party to defeat Narendra Modi’s attempt to grab power .But there is one important factor that Congress and the parties in alliance will have to guard against the poaching of their MLAs by the BJP as they will make an attempt to break the Congress led coalition government.
On the contrary, Rahul Gandhi has displayed leadership by benefitting both the parties and not by manipulating results in any states as done by BJP.

Blog: By Arti Bali,
arti

(Senior Journalist)

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A view through an infrastructure investor’s prism

Active policies to address the three issues revolving around the value, scarcity and contract enforcement that investors utilise to determine both investments and the required rate of return can help make policies useful.

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Perspectives on infrastructure assets vary widely: While investors focus on investment returns, policymakers analyse both financial and socio-economic benefits. It would be worthwhile for policymakers to view things through an investor’s investment prism because an understanding of the critical factors that shape investment decisions will help frame better policies to expedite Indian infrastructure creation.

The “raw value” of an infrastructure project is what a potential investor evaluates first. For example, in a renewable energy wind project, the wind potential of a site is what an investor evaluates. For a transportation project, the investor evaluates the potential passenger traffic. This so-called “raw value” is a huge determinant of the financial viability of a project.

Segregating infrastructure sectors and projects by such “raw value” can help government and industry alike to work towards directing infrastructure capital more optimally. Additionally, such analysis helps in framing policies for those sectors that deliver very substantial social and economic value but are not financially viable on their own.

A robust framework that helps determine “raw value” can aid all the stakeholders, especially the government, to work with investors and multilateral trade agencies to find financing solutions for such socially and economically relevant projects. Eventually, India needs to create an information repository of sorts that provides the global investor base information and access by asset type and investment potential.

Once the “raw value” of a project is determined, an investor tries to gauge what is called its “scarcity value”. Take, for instance, transportation projects. If the transportation potential of connecting City “A” with City “B” is attractive, then is building an airport to connect the two cities the most optimal infrastructure asset? That is, in spite of the traffic potential, is an airport a “scarce” enough asset to deliver attractive returns?

The investor will gauge whether the airport is likely to face competition from a competing train network or a highway. Being cognizant of the long-dated nature of infrastructure assets is important. Hence investors will have to gauge the “scarcity value” of the asset to determine the attractiveness of the asset over the long investment horizon and, therefore, eventually decide on their willingness to invest in the asset.

It is essential for the government to find a balance between allowing investors to make returns commensurate with the risk taken and allowing the public to have access to a well-priced and high-quality infrastructure asset. The twin objectives of consistency and transparency in policy are crucial in this regard.

The government’s ability to formulate and communicate the strategy effectively regarding not just sectors but individual assets is vital. To indeed expedite infrastructure creation, granular policy across industries will be needed, more so for much-needed greenfield infrastructure projects.

Apart from “raw value” and “scarcity value”, an investor considers a third factor: The quality of the underlying contracts signed for the asset. Investors look for high-quality counter-parties with whom to sign contracts. More importantly, the government’s ability to deliver a robust legal system for contract-enforcement, as also a more efficient system for conflict-resolution, will attract more significant investments.

Lowering the risk perception for Indian infrastructure assets is essential not merely to attract more investments but also to attract investments at lower financing costs. Reducing the cost of capital is going to be a significant driver of infrastructure projects through their improved financial viability.

Another area that merits attention is the possibility of the government working even more closely with Export Credit Agencies of various countries to offer foreign exchange hedges, while “importing infrastructure investments”. Solutions that not only reduce the legal risk in investments but also partially eliminate the foreign exchange risk can help boost investments significantly.

Active policies to address the three issues revolving around the value, scarcity and contract enforcement that investors utilise to determine both investments and the required rate of return can help make policies useful.

Policy frameworks can potentially be refined using these three key factors that shape investment decisions. Most importantly, one does not need to improve concurrently on all three fronts for all infrastructure sectors; incremental improvement on one element can provide a significant fillip to infrastructure investments.

(Taponeel Mukherjee heads Development Tracks, an infrastructure advisory firm. Views expressed are personal. He can contacted at [email protected] or @Taponeel on Twitter)

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India kept its interests ‘safe’ at SCO Summit

If they look at the Northeast in the future from the BBIN (Bangladesh-Bhutan-India-Nepal) rubric, that is a different matter.

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New Delhi, June 12 (IANS) In keeping out of China’s Belt and Road Initiative (BRI) and signing an agreement on sharing of hydrological data on the Brahmaputra river and another on exporting rice following a bilateral meeting between Prime Minister Narendra Modi and Chinese President Xi Jinping, India kept its interests safe in this year’s Shanghai Cooperation Organisation (SCO) Summit, experts said.

India has not extended support to President Xi’s flagship initiative as a key project under it, the China-Pakistan Economic Corridor (CPEC), passes through Pakistan-occupied Kashmir (PoK).

Modi reiterated India’s position that international connectivity projects should respect other countries’ sovereignty and territorial integrity. Stating that connectivity with neighbours and within the SCO area is a priority for India, Modi, during his intervention at the Summit in Qingdao, China, on Sunday said: “We welcome new connectivity projects that are inclusive, sustainable and transparent, and respect countries’ sovereignty and territorial integrity.”

The SCO is a Eurasian inter-governmental organisation, the creation of which was announced in 2001 in Shanghai by Kazakhstan, China, Kyrgyzstan, Russia, Tajikistan and Uzbekistan. It was preceded by the Shanghai Five mechanism. India and Pakistan were granted full membership of the bloc in June last year. In the final Qingdao Declaration issued after the Summit, India’s name is conspicuously missing in the part about the BRI.

According to Anil Wadhwa, Senior Fellow in the Vivekananda International Foundation think tank and former Secretary (East) in the External Affairs Ministry, the meeting between Modi and Xi was a forward movement from the informal meeting between the two leaders in Wuhan in April with decisions being taken to set up a special representatives-level meeting mechanism and to boost cultural relations between India and China.

As for India not extending support to the BRI, Wadhwa told IANS that nobody expected India to endorse Xi’s pet initiative.

“I don’t think it will affect India diplomatically as there is an understanding between both sides (India and China),” he said.

“If they look at the Northeast in the future from the BBIN (Bangladesh-Bhutan-India-Nepal) rubric, that is a different matter.”

However, Wadhwa sounded sceptical about the two agreements signed between India and China – a memorandum of understanding on the Chinese side providing hydrological data on the Brahmaputra river in flood season from May 15 to October 15 every year and an amendment to a 2006 protocol for exporting rice from India to China to include the export of non-Basmati varieties of rice from India.

“With China already having built three dams on their side of the Brahmaputra, I don’t know how useful the data will be,” he said.

As for exporting non-Basmati varieties of rice, he said that such a market does not currently exist in China and this has to be created.

However, Sujit Dutta, a domain expert on China who is also Professor in the Nelson Mandela Centre for Peace and Conflict Resolution in Jamia Milia Islamia here, was positive about the two agreements.

“India kept its interests safe. While the agreement on sharing Brahmaputra will benefit India, the one on rice exports will help our farmers,” Dutta said.

As for the BRI, he said that India has always made it clear that it would not support the Chinese initiative.

“How can India support something that threatens its sovereignty with the CPEC going through PoK?” he said.

Modi said in Qingdao that India’s commitment to connectivity is visible nevertheless in the International North-South Transport Corridor, the development of the Chabahar Port in Iran, to which India, Iran and Afghanistan are signatories, and participation in specific projects like the Ashgabat Agreement, a multimodal transport agreement between India, Iran, Kazakhstan, Oman, Turkmenistan and Uzbekistan.

Another reason for India not taking part in the BRI, Dutta said, is that Chinese loans for projects under this have high interest rates and terms and conditions are not transparent.

Giving Hambantota port in Sri Lanka as an example, he said that the port has been given to a Chinese company on a 99-year lease and Colombo will find it difficult to repay the loan.

He said that same is the case with Gwadar port in Pakistan and Islamabad might well come under Chinese influence after finding it difficult to repay loans.

“We (India) can’t become vulnerable to Chinese pressure and take loans which we can’t repay,” Dutta said.

According to C. Uday Bhaskar, strategic analyst and Director of the Society for Policy Studies think tank, the key takeaway from the SCO Summit “is the manner in which India conveyed to its SCO peers that it can remain resolute when it comes to core national interests, for example, sovereignty”.

“But it will also engage with the others in a principles, yet pragmatic manner,” Bhaskar said.

He said that the Indian stand on the BRI will be watched very closely not just by China, but all the other nations who have signed up.

“Hopefully, the Wuhan spirit will prevail with respect to the BRI and make the issue less intractable when President Xi visits India in 2019,” Bhaskar stated.

(Aroonim Bhuyan can be contacted at [email protected])

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After Assam, NRC issue now simmers in Tripura as tribal parties agitate

The Communist Party of India-Marxist (CPI-M)-led Left Front, the Congress and the Trinamool Congress are also opposed to the Centre’s citizenship Bill.

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Agartala, June 12 : The burning issue of the National Register of Citizens (NRC) in Assam is gradually spreading in Tripura as well, with tribal-based parties agitating to for an NRC updation exercise in the state with 1951 as the cut-off year.

Tripura’s three tribal-based parties — Indigenous Nationalist Party of Tripura (INPT), Indigenous People’s Front of Tripura (IPFT) and National Conference of Tripura (NCT) — have started holding rallies and demonstrations to press their demand that the NRC be updated.

“We would again organise a five-hour sit-in demonstration on June 28 in Agartala to press for our demands. A similar demonstration would be held in New Delhi in September,” INPT President Bijoy Kumar Hrangkhawl told IANS.

He said: “If the other parties want to hold the agitation jointly, we are ready to do so. Earlier, in support of our demands, we have organised agitations, including a shutdown along with IPFT and NCT.”

The INPT, IPFT and NCT have also been demanding withdrawal of the Citizenship (Amendment) Bill 2016, which is currently under review by a Joint Parliamentary Committee (JPC).

These parties are also demanding introduction of an innerline permit to protect indigenous tribals, giving more power to the Tripura Tribal Areas Autonomous District Council (TTAADC), restoration of alienated tribal lands and inclusion of tribals’ Kokborok language in the 8th Schedule of the Constitution.

IPFT Vice President Ananta Debbarma said last month-end that they had organised big rallies in tribal areas, including at the TTAADC headquarters in Khumulwng, in support of the NRC and some other demands.

“We would soon hold a meeting of our party and decide our next course of action on NRC, Citizenship (Amendment) Bill 2016 and other demands,” Debbarma told IANS.

The IPFT is the junior ally in the Bharatiya Janata Party (BJP)-led alliance government in Tripura, while the INPT is one of the oldest tribal parties in the state. It was formed in 2002 by merging three Tripura parties, including the Tripura Upajati Juba Samity (TUJS) and Tripura National Volunteers (TNV).

The TUJS was formed in 1967, while the erstwhile militant outfit TNV became a political party in 1988 following a tripartite agreement with the central and state governments.

The INPT, IPFT and the NCT in February last year formed the All Tripura Indigenous Regional Parties Forum (ATIRPF) and spearheaded various agitations across the state in support of their demands.

The Citizenship (Amendment) Bill 2016, introduced in the Lok Sabha in 2016, seeks to enable Hindus, Sikhs, Buddhists, Jains, Parsis and Christians, who have fled to India from Pakistan, Afghanistan and Bangladesh without valid travel documents or those whose valid documents expired in recent years, to acquire Indian citizenship through the process of naturalisation.

The Communist Party of India-Marxist (CPI-M)-led Left Front, the Congress and the Trinamool Congress are also opposed to the Centre’s citizenship Bill.

“The CPI-M is also opposed to the Bill and supports the Indira-Mujib pact which determined March 24, 1971, as the cut-off date to detect illegal infiltration into India from Bangladesh,” CPI-M’s Chief Whip in the Lok Sabha and senior tribal leader Jitendra Chaudhury told IANS.

“We have not yet discussed about the NRC in Tripura. However, people, particularly the minorities, are being harassed in Assam while conducting hearings on NRC,” said Chaudhury, who is also National Coordinator of the CPI-M-backed Adivasi Adhikar Rashtriya Manch and President of the Tripura Rajya Upajati Ganamukti Parishad — a frontal body of the CPI-M.

The second draft of the Supreme Court-monitored NRC in neighbouring Assam would be published on June 30, while the first NRC draft was made available to the people on December 31, after inclusion of names of 1.9 crore people of the total 3.29 crore applicants in the BJP-ruled state.

The NRC Assam, the register containing names of Indian citizens in the state, was prepared in 1951 as a non-statutory process by recording particulars of all the persons enumerated during the 1951 census.

The Assam agitation (1979-85) against the illegal foreigners led to the signing of Assam Accord on August 15, 1985, between the Centre, the state government, the All Assam Students’ Union (AASU) and the All Assam Gana Sangram Parishad (AAGSP), which stipulated March 24, 1971, as the cut-off date for identification and deportation of illegal migrants from East Pakistan (Bangladesh).

Accordingly, the Citizenship Act, 1955, was amended by inserting Section 6A as a special provision for Assam.

In a tripartite meeting between the Centre, the state government and AASU, chaired by former Prime Minister Manmohan Singh in May 2005, it was agreed to update the NRC of 1951. The modalities were approved by the government of India in consultation with the government of Assam.

After the Supreme Court’s directive, the exercise of NRC updation in Assam commenced in December 2013, to be completed over a period of three years. The apex court is closely supervising the progress of NRC update and has given various directions from time to time.

(Sujit Chakraborty can be reached at [email protected])

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