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Sonia Gandhi calls meeting of senior leaders, Prashant Kishor joins in

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A meeting, called by Congress interim President Sonia Gandhi to discuss issues related to ‘Chintan Shivir’ and upcoming polls is underway at her residence here, sources said.

Party’s senior leaders Digvijaya Singh, Mallikarjun Kharge, Rahul Gandhi and Ajay Maken are present in the meeting.

The meeting is also being attended by political strategist Prashant Kishor, sources said.

Notably, Kishor has met the Gandhis several times in the past few weeks and is tipped to join the party.

The Congress is gearing up to call a Congress Working Committee (CWC) meeting ahead of the ‘Chintan Shivir’. The CWC will meet to finalise the agenda for the Shivir.

Senior Congress leaders have been meeting regularly to work on the agenda. Sonia Gandhi has assigned this task to senior leaders such as Ambika Soni and Mukul Wasnik, who have been holding talks with other leaders to finalise the agenda for the CWC and the Chintan Shivir.

The ‘Chintan Shivir’ has been necessitated since the dissidents have been raising voices against the present functioning of the party.

The G-23 is up against Rahul Gandhi and his team, even as the party’s interim chief Sonia Gandhi has been holding meetings with the dissidents to cull internal rift.

Mumbai Press Exclusive News

After the Andhra Pradesh Hedma encounter, Venugopal Bhupathi’s appeal to lay down arms, it is not possible to change the situation through violence

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Venugopal alias Bhupati had surrendered in Mumbai Gadchiroli, now after the encounter of Maoist Hedma, he has released a video and appealed for the second time that there is a need to put down weapons and work among the common people, there is a need to fight a legal battle for the rights of the people through democratic means.

Venugopal, after releasing his latest video, has made a heartfelt appeal to the Maoists that the way they are living with the common people after surrendering, there is a need to fight for development through democratic means. After surrendering, the Maoist said that his faith in democracy has been restored, now the situation has changed, there has been a change in the previous situation and the current situation. Along with this, the lives of many comrades have been lost and in such a situation, the lives of 6 comrades including Hedma have been lost, so now it is necessary to give up arms because it is impossible to continue the war through weapons and violence. Now we need to focus on development work along with the government in a democratic way and work for the rights of the people. This is our responsibility. Therefore, you can also contact me. Venugopal has appealed to the comrades for the second time to give up violence and lay down arms. Earlier, he had appealed to surrender in Gadchiroli because the Maoists had started calling Bhupati a traitor. Bhupati had denied this too and invited them to give up arms. Similarly, he has invited the Turks to lay down arms for the second time. A video of Venugopal Bhupati is viral in which he is saying that now the situation has changed, so the situation cannot be changed through violence, the path of non-violence is better for him.

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Business

Indian city gas distribution firms’ operating profit to rise 8-12 pc this fiscal

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New Delhi, Nov 20: City gas distribution (CGD) companies in India are projected to clock an operating profit of Rs 7.2–7.5 per standard cubic metre (scm) this fiscal — up 8-12 per cent compared with the second half of last fiscal when margins dropped because of a sudden and steep decline in gas allocation under the administered price mechanism (APM) for the compressed natural gas (CNG) segment, a report said on Thursday.

Consequently, distributors had to take recourse to the spot gas market for supply, which exerted upward pressure on cost. The companies have, thereafter, transitioned to contracted supplies, which is expected to burnish margins.

“Healthy earnings will keep leverage in check despite the proposed capital expenditure (capex) by companies. Our assessment of seven CGD companies, with 70 per cent share of total sales volume last fiscal, indicates as much,” Crisil Ratings said in its report.

CGD companies get gas on priority at lower prices under the APM from legacy gas fields to serve the domestic CNG and piped natural gas-domestic (PNG-D) segments.

Beyond APM, they procure high-pressure, high-temperature (HPHT) gas and imported regasified liquefied natural gas (R-LNG) under contracted and spot purchase mechanisms.

According to the report, in the second half of the last fiscal, APM gas allocated to the CNG segment was reduced to less than 40 per cent of the total CNG requirement, compared with 70 per cent in the first half of the last fiscal.

This led to a substantial increase in gas procurement costs as companies relied on spot purchases, which were 80-100 per cent more expensive than those under APM prices, to protect against supply disruptions.

As a result, spot purchases by volume rose to more than 15 per cent of total supplies from 5 per cent in the first half of the last fiscal.

“Against the 30 per cent reduction in APM allocation for the CNG segment, CGD companies got 15-20 per cent long-term allocations from domestic new well gas, mainly towards the end of last fiscal or early this fiscal. For the balance, they have signed additional medium- and long-term contracts, mainly for HPHT gas and R-LNG,” said Ankit Hakhu, Director, Crisil Ratings.

This will not only improve gas security but also reduce exposure to the spot market, where prices are 25-30 per cent higher on average, he added.

The report noted that realisations are steady this fiscal, following some increase in the second half of last fiscal when companies implemented price hikes to pass on increased costs to consumers, albeit partially and gradually.

However, some of the benefits of reduced gas procurement costs in the current fiscal year will be offset by an increase in other operating costs. These costs will rise as players continue to incur capex to expand gas infrastructure in existing and new geographical areas (GAs) to support volume growth.

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Crime

J&K Police’s SIA raids Kashmir Times office in Jammu for ‘anti-national activities’

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Jammu, Nov 20: The State Investigation Agency (SIA) of J&K Police on Thursday carried out a raid at the office of the ‘Kashmir Times’ in Jammu, alleging that the newspaper has been involved in anti-national activities and spreading disaffection against the country.

Official sources said the SIA has filed a First Information Report (FIR) naming Anuradha Bhasin, Editor of Kashmir Times, in connection with these charges.

“The investigation aims to examine her alleged links and activities that threaten the sovereignty of India. The operation underscores the ongoing crackdown on terror networks in Kashmir, with SIA asserting that there must be no misuse to propagate seditious or separatist ideologies,” sources added.

The Counter-Intelligence wing and the SIA of J&K Police have been carrying out raids at multiple locations in the union territory since November 10, when a local doctor, Umar Nabi, exploded a car next to the Red Fort in Delhi, killing 13 innocent civilians and injuring many others. The terrorist, Dr Umar Nabi, who died in the explosion, had evaded arrest after J&K Police, in coordination with Haryana Police, busted a white collar terror module in the Faridabad area.

Police have arrested two terror associates of Dr Umar Nabi, namely Dr Adil Rather of Kulgam district and Dr Muzammil Ganaie of Pulwama district, following which Dr Umar Nabi had gone underground.

While one AK-47 rifle was recovered from the locker of Dr Adil Rather in the Government Medical College, Anantnag, 360 kg of explosive material was recovered from Dr Muzammil Rather.

The Counter-Intelligence wing also raided the high-profile Kot Bhalwal district jail in Jammu on Wednesday, where hardcore Pakistani and local terrorists are lodged.

Another local doctor, Umar Farooq and his wife, Shahzada Akhtar, were arrested two days back in Srinagar for using their position in the society, allegedly for anti-national activities.

Shahzada Akhtar was arrested for trying to revive the women’s terrorist outfit, Dukhtaran-e-Millat. It is alleged that Shahzada was working to recruit a fresh cadre for the outfit that had become defunct after the arrest of its chief, Asiya Andrabi, in 2018.

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