National News
P. Chidambaram poses 20 tough questions on Rs 6 lakh Cr NMP
Senior Congress leader and former Union Finance Minister P. Chidambaram on Friday posed 20 questions on the Centre’s proposed National Monetization Pipeline (NMP) intended to ‘monetise’ certain assets and earn Rs 6,00,000 crore revenue over the next four years.
Stating that the government should answer the questions, he demanded to know the NMP objectives and whether it was solely intended to raise the revenues over the next four years.
Referring to the criteria adopted upfront to identify the PSUs that would be disinvested or privatised during the previous UPA government, Chidambaram queried whether the same is the case with the current NDA regime.
Pointing out that for infra projects like roads/highways, a PPP policy already exists, he asked what is the difference, if any, between this (PPP) model and the one that would be adopted by the Centre under the NMP, while addressing the media in the country’s commercial capital.
Moreover, if an asset is ‘monetised’ for 30-50 years, what is the value of the piece of paper that declares the government to be the ‘owner’ of that asset, what kind of asset will be returned to the government at the end of the period or would it be a “fully depreciated asset” worth practically nothing.
“Since the NMP is silent on the subject, will the government stipulate in the contract that the amount of depreciation should be put in a Depreciation Reserve Account which was used only to maintain, upgrade or add to the asset so that at the end of the lease period a valuable asset is returned to the government,” Chidambaram asked.
He also sought answers on whether there will be provision in the contract to prevent asset-stripping by the lessee, the terms included in the Invitation to Bid (ITB) to ensure that the ‘monetisation’ process does not create monopolies or duopolies in that sector, especially to prevent such (monopolies/duopolies) emerging in the ports, airports, telecom and power sectors.
The finance expert queried whether the lessee will manage the current levels of employment and the policy of reservations, or other policies, subject to sectoral regulators, etc., in the ‘monetised’ asset.
Harking to the UPA which identified the Railways as a ‘strategic sector’, he asked what are the other sectors the Centre has identified as ‘core’ or ‘strategic’ that would be kept out of the NMP purview.
“Has the government examined the impact of implementation of the NMP on the prices of goods and services in the sector/industry concerned? What will the government or the regulator do in case prices are increased by the lessee of the ‘monetized’ asset,” Chidambaram demanded.
Referring to the government’s revelation of the expected revenue of Rs 6,00,000 crore in four years, he asked whether the government would shed light on the total capital investment in the identified assets that are expected to yield the aforesaid revenue.
“The identified assets must be currently yielding a certain revenue every year. Has the government calculated the difference between the current revenue (undisclosed) and the expected revenue (of Rs 6,00,000 crore) over a period of four years? If so, what is the difference between the two amounts each year during the four year period,” Chidambaram asked.
On the government’s announcement that the NMP would be co-terminus with the National Infrastructure Pipeline (NIP) that is expected to require Rs 100 lakh crore, the ex-FM sought to know how the Rs 6,00,000 crore over a four year period be sufficient to finance a Rs 100 lakh crore NIP.
Furthermore, he sought an assurance from the Centre that the expected sum of Rs 6,00,000 crore “would not be merged with general revenues or used for general expenditure”.
Chidambaram further posed if the Rs 6,00,000 crore, when released, would not be diverted to partly-finance the fiscal deficit (Rs 5,50,000-crore in 2021-2022) or retiring old debts.
The Congress leader asked if the government floated a consultation paper on NMP, consulted various stakeholders including the workers or trade unions and demanded to know the outcome/minutes of these consultations.
He also asked whether the NMP was discussed in Parliament, and if not, whether the Centre plans to consult the Opposition Parties or debate in parliament.
Chidambaram said that the US is contemplating measures to contain monopolization and unfair trade practices of giants like Google, Amazon and Facebook, China has announced plans to rein in its giant tech firms and South Korea contained the influence of its huge family-controlled business conglomerates.
“Does the government intend to introduce similar measures while implementing the NMP,” Chidambaram asked, saying the Centre “is obliged to answer these questions”, and the media must demand replies from the government.
National News
Shinde takes a dig at Uddhav Thackeray over his meeting with CM Fadnavis
Nagpur, Dec 18: Maharashtra Deputy Chief Minister Eknath Shinde on Wednesday took a dig at Shiv Sena-UBT chief Uddhav Thackeray over his meeting with Chief Minister Devendra Fadnavis, saying it was like “meet this one, meet that one and go home next day.”
He thereby downplayed the meeting between Thackeray and Fadnavis.
“Anyone can meet the Chief Minister. The Chief Minister is the head of the state. The opposition party also meets him. The leaders of other parties of the opposition party also meet him. I see a radical change in those who criticised him severely, talked about ending him, and talked about putting him in jail. It is not wrong to meet Devendra Fadnavis,” said Shinde.
On the other hand, Shiv Sena legislator and former minister Deepak Kesarkar said “If Uddhav Thackeray had held such a meeting earlier (with Devendra Fadnavis), Shiv Sena would not have been divided into two.”
“Earlier, Uddhav Thackeray had not even responded to Devendra Fadnavis’ telephonic calls. Uddhav Thackeray abandoned Balasaheb Thackeray’s idea of Hindutva for the post of Chief Minister. Eknath Shinde had no other demand. Eknath Shinde’s only demand was that we should go with the idea of Hindutva. We should not go with the Congress. But if Uddhav Thackeray had met Devendra Fadnavis then, all this would not have happened. Devendra Fadnavis called Uddhav Thackeray many times in 2019. But now it is too late. Now the MahaYuti government has come back to power again,” said Kesarkar.
Meanwhile, Shinde slammed the opposition for their campaign against EVMs, saying that “When the poll results go against them, allegations are made against EVMs.”
“When the results are in favour of the Maha Vikas Aghadi, then EVMs are good. For them, the Election Commission is good. The Supreme Court and the High Court are also good. When the results are against them, then they start blaming EVMs. The opposition has been doing this for the last few days. In 2004 and 2009, voting was done on EVMs and the Congress won. When you win, you praise that system,” he added.
“Even the Supreme Court said that when you win, you don’t come to us and when you lose, you come to us. This is a double standard. After winning the Lok Sabha elections, you (the opposition) didn’t talk about EVMs. Omar Abdullah has also slammed the Congress,” said Eknath Shinde.
He said that Congress should not insult the mandate otherwise the people will make them sit at home. Shinde also ridiculed Uddhav Thackeray for his demand that the appointment of Election Commissioner be made through election.
National News
Commuters inconvenienced with ‘rail roko’ protest by farmers in Punjab
Chandigarh, Dec 18: Railway commuters faced inconvenience in Punjab on Wednesday after farmers squatted on rail tracks in support of their long-pending demands, including the legal guarantee of the minimum support price (MSP) for crops.
However, no untoward incident was reported in the state. The protest, at the call of the Samyukta Kisan Morcha (Non-Political) and Kisan Mazdoor Morcha, was carried out at over 100 locations in the state, badly impacting the railway services.
Kisan Mazdoor Morcha leader Sarwan Singh Pandher claimed that the three-hour “rail roko” call got a good response in the state.
The impact of the protest was more viable in Moga, Faridkot, Ferozepur, Amritsar, Tarn Taran, Batala, Qadian, Phillaur, Tanda, Dasuya, Hoshiarpur, Ludhiana and Sunam towns.
Farmers of both outfits have been camping at Shambhu and Khanauri border points between Punjab and Haryana since February 13 after their march to Delhi was stopped by security forces.
While hearing a petition, the Supreme Court on Wednesday said the court’s doors were “always open” to the demands and suggestions of protesting farmers, after they refused to engage with the Punjab government-formed committee.
The Punjab government told the apex court that despite several meetings with fasting farmer leader Jagjit Singh Dallewal, the farmers had rejected interactions with the state’s high-powered committee.
Protesting farmers, whose bid to enter Haryana in support of their long-pending demands was foiled thrice, halted the trains to lodge their protest and press their demands.
The 70-year-old cancer patient Dallewal has been fasting at Khanauri, the border point between Punjab and Haryana, since November 26 in support of their demands that included loan waiver and reforms to improve conditions in the agricultural sector.
National News
Thackeray to PM Modi: Apologise for Amit Shah’s comments on Ambedkar
Nagpur, Dec 18: Taking strong umbrage over Union Home Minister Amit Shah’s comments on Dr B. R. Ambedkar, Shiv Sena (UBT) President Uddhav Thackeray called upon Prime Minister Narendra Modi to apologise for the utterances or quit, here on Wednesday.
Thackeray, a former Maha Vikas Aghadi (MVA) Chief Minister, played the tapes of Shah’s comments that have sparked a massive political row in Maharashtra and other parts of the country, especially among the Dalit communities.
Shah said that rather than chanting ‘Ambedkar, Ambedkar, Ambedkar, if you invoke the name of God, you will get heaven in seven births’ – that has kicked up a storm among Dalits and Ambedkar followers.
Slamming the Bharatiya Janata Party (BJP), Thackeray said that Shah would “not dare to say such a thing unless prodded by the BJP-RSS”, and demanded to know whether Prime Minister Modi and Maharashtra Ministers in the Union Cabinet were in concurrence with it.
“Maharashtra has given two great sons to the world, Chhatrapati Shivaji Maharaj and Dr Ambedkar who gave us the Constitution. After ranting ‘Nehru, Nehru’ for years, they are attacking Dr Ambedkar. We will not tolerate any kind of insults to them,” fumed Thackeray.
He said that Modi-Shah must apologise to the nation or quit for the slight to Ambedkar that has shaken the poor and downtrodden masses, warning that they will not forgive the BJP.
Countering Shah, SS (UBT) Deputy Leader Sushma Andhare declared that Ambedkar is indeed a divine personality for millions who worship him daily for his services to the downtrodden, the deprived and the poorest sections of society.
Other MVA leaders like Nationalist Congress Party (NCP) General Secretary Dr Jitendra Awhad, Congress’ state President Nana F. Patole and Dr. Nitin Raut, SS (UBT)’s Priyanka Chaturvedi and Sanjay Raut, and Vanchit Bahujan Aghadi President Prakash Ambedkar, also attacked the BJP and Shah for displaying their “utter contempt for Dr. Ambedkar and the Constitution”.
Thackeray contended that the BJP — which secured a brute majority in the November 2024 Maharashtra Assembly polls — has continued to denigrate the icons like Chhatrapati Shivaji Maharaj, Dr B.R. Ambedkar, Mahatma Jyotirao Phule and Savitribai Phule.
“A former governor Bhagat Singh Koshyari had made objectionable remarks against the legendary Phule couple… The statue of the Chhatrapati (in Sindhudurg) crashed just eight months after it was inaugurated by the PM… And now Shah’s statement in the Parliament,” said Thackeray.
Lashing out at Shah, Thackeray pointedly asked Shah, “whether you will get Heaven by chanting ‘Modi, Modi’ daily”, adding that now the BJP’s attitude against the respected and venerated personalities ‘has crossed all tolerable limits’ in the past few years.
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