BJP wins Subendu Adhikari or does Mamta lose Subendu Adhikari?This is a case in point. Vibhishan did the same to Ravana, and since then betrayal has become a necessary evil for the human race. Every section of history, every part of the world have witnessed this with varying degrees in form, manner, execution and the result. Suvendu Adhikari, Sunil Mondal and other rebels publicly refer to increasing discontent among the people and the party about the status elevation of Mamta’s nephew Abhishek Banerjee while justifying their actions – quitting TMC and joining BJP. Will the Bengal BJP become a B team of TMC?Meanwhile, the BJP has to remain on high alert. The BJP has to remember the events that took place in Maharashtra. Are these TMC rebels clean and trustworthy? The BJP leaves no stone unturned while mentioning misrule in Mamta regime. This also implies that these very rebels who are joining BJP now were also part and reason for that misrule. For the grand old party, the Congress, Bengal has been an apt example of what goes around just comes around. That is, the Congress along with the Left is now getting a taste of its own medicine. Most of the leaders of the TMC had earlier defected from either Congress or the Left in the same way. Interestingly enough, even the TMC Chief Mamta had done the same with Congress. In any case, it can now be safely assumed that the BJP now has an upper hand over TMC and other rivals in Bengal. Bengal is indeed set for a change – not because the BJP has unleashed all its might, but because its opponents – TMC, Mamta, Congress and the Left – have just failed to deliver. The BJP has just to capitalise on this. The writing on the wall is very clear. It seems that a political storm more fierce than the Cyclone Amphan is brewing which will sweep Bengal from Darjeeling to Digha. ‘BJP Wins Subendu Adhikari, what’s next?’ – is doing the rounds in political circles. Apart from spending prodigious amounts of time and resources, the BJP strategists also assure one very important feature in its campaign. The BJP seriously mentions the accomplishments of the luminaries of Bengal – Gurudev Tagore, Ishwar Chandra Vidyasagar, Syama Prasad Mookerjee, Khudiram Bose, Ramprasad Bismil – with whom Bengalis attach an overwhelming sense of reverence. This emotion is echoed by Gopal Basu, a family member of Khudiram Bose stating that the BJP has given them reverence which previous governments, not even the TMC, cared to provide.
Can the BJP win 201 seats in Bengal’s 294-member assembly?This has been the public assertion by the former BJP Chief Amit Shah in his Bengal campaign. Only time will tell whether it turns into a reality. In the mean time, it is high time that the TMC, the Left and Congress combine and get their act together. They must also accommodate the AIMIM and its leader Owaisi who has a successful track record in Bihar. They can only then fight the might of BJP. For inspiration, they can look at Congress and NCP combination with Shivsena which successfully kept the BJP at bay.
Also Read: Bihar Elections 2020: Indian Democracy at its Best Also Read: Consumption Sector Stocks for long term wealth creation The post BJP Wins Subendu Adhikari Today, Is Bengal Next? appeared first on NC Airways. Via https://ncairways.co/bjp-wins-subendu/
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Air India privatisation. The Government this year had announced to sell its 100 per cent shareholding in Air India along with Air India’s 100 per cent holding in Air India Express and half of the share in Air India-SATS, a JV with Singapore Airport Terminal Services. Since then, everyone, including the TATAs, has their eyes glued to the bidding game of Air India sale. Moreover, an employee consortium led by Meenakshi Malik, Air India’s Commercial Director, along with the support of 219 employees has been part of the bidding group. On one hand, employee unions including the pilots and crew are opposing the disinvestment, and on the other hand, this employee consortium is planning to buy 51% stake. What is so interesting about the Air India sale?The Air India privatisation attempt goes back to 1990s with the recommendations of Disinvestment Commission of India to reduce government shareholding in the airline to 40%. The bureaucratic hurdles and increased airline competition led to the failure of disinvestment attempt then. Even the recent strategic disinvestment attempt by the government is the second one in less than 2 years interval. In more than five decades of its existence, Air India has been able to attain a moderate reach and network coverage in the domestic market. This will immensely help the potential acquirers to gain considerable scale upfront. Other benefits associated with Air India are – some of the prime landing slots in busiest airports across the world, wide-bodied aeroplanes, and a about a half of market share in international traffic among the Indian airlines. The airline brings a lot of debt too, counted at about Rs 320,580 million, but most of it is likely to be borne by the government. The Union government has sweetened the deal for investors as the Air India Ltd sale evoked no response in the earlier 2018 disinvestment attempt.
What is the government doing now to make the Air India privatisation successful this time?
To begin with, 100% of Air India is out for sale, compared to just 76% earlier. This has removed the fear of any government interference among prospective bidders. Also, the Government has now permitted the bidders to quote enterprise value instead of equity value. The government has also permitted the prospective bidders the flexibility to think over the level of debt they wish to assume. This flexibility has been given on account of losses incurred by the whole aviation industry due to the COVID pandemic. With these huge losses, fixing the debt at any level could have reduced the universe of bidders. Earlier, a bidder was required to have a net worth of ₹ 50,000 million which has now been reduced to ₹ 35,000 million. The earlier condition for a bidder to have a track record of profitability for at least three years of the previous five has also been done away with. Another modification in the bid conditions is that the successful bidder will have to deposit at least 15% of their bid amount in cash with the government prior to the share transfer. This has been done to ensure that a successful investor has skin in the game.
What will be the impact of Air India privatisation on different stakeholders?
If the Tatas or Spicejet, the names in news among prospective bidders seal the deal, it could pave way for consolidation in the aviation sector. However, with the huge outstanding debts, any acquirer would need to make radical operational changes and cut costs to make the business viable. The first move will be a pruning of operations to ensure profitability for the airline. For the end consumers, pruning of operations on certain loss-making domestic or international routes would mean lesser flight options or higher fares. If we look at from a different angle, the huge tax these end consumers pay towards keeping this loss-making PSU functional would be saved towards other productive services. For the employees of Air India, the deal may not be all glittery, considering the bloated staff strength of Air India. The airline has 9,617 as permanent staff, 36% of which will retire in the next 5 years. It remains unclear whether the employees would be retained by the new investor. Despite the strong political will for Air India privatisation, the government has received opposition even from within. Employee unions have always opposed stake sale. The condition that foreign stakes will be limited to 49% with the remaining capital to come from India market remains another hurdle. However, given the new relaxations by the government and the enthusiastic response by interested buyers, it looks like an optimistic picture in making. #AirindiaSale, #AirIndiaDebt, #AirIndiaPrivatisation
Also Read: With Cost of Interest on the Debt, Air India Can Never be in Profit: Suresh Prabhu Also Read: After Posting Rs 4,600 crore operating loss in 2018-19, Air India Aims Operating Profit This Fiscal Also Read: Air India Sale by Government May Eventually Find a Willful Buyer
The post Air India Privatisation Process Sees New Interested Buyers appeared first on NC Airways. Via https://ncairways.co/air-india-privatisation/ After Bihar assembly elections, after the GHMC polls, now the full focus of all political parties has shifted on West Bengal assembly elections to be held in April-May of 2021. The players to watch out are:
Bengal key facts and figuresAccording to the 2011 census, Muslims formed 27.01 percent of the total population of West Bengal. Now this figure has reached nearly 30 percent. The districts of the state bordering Bangladesh have a large population of Muslims. In Murshidabad, Malda and Uttar Dinajpur, the population of this section is half or more of the total population. Apart from these, they also have a significant presence in South and North 24-Parganas districts. Thus, out of 294 seats in the assembly, this section accounts for 100 to 110 seats and are decisive. This aspect politically gives rise to two schools of thought for the concerned political parties to frame their ideologies. One convenient path is to appease the minorities while the other is to keep the confidence of majority intact. Naturally, the growth of minority community in number will also be a cause for concern for the majority community. Till 2006, the Muslim vote bank of the state was occupied by the Left Front. But later, people gradually came closer to Trinamool Congress. In 2011 and 2016, it is due mainly to this particular vote bank, that the Trinamool Congress is in power.
The Trinamool CongressThe veteran Trinamool Congress leader Mamta Banerjee has been in power for nearly ten years. Her main support comes from her solid minority Muslim vote bank. While in power, Mamata has continuously launched dozens of schemes to help the minorities. These include government assistance to minorities’ madrasas, scholarships for students of this section and financial assistance to maulvis. For this reason, all political parties including BJP have been accusing him of appeasement politics. However, in the recent times, a section of minorities has started showing increased resentment towards the Trinamool Congress. Mohammad Kamaruzzamman, general secretary of the All Bengal Minority Youth Federation, says, “Muslims who support the Trinamool Congress for a long time are now disillusioned with it.” He claims that Owaisi has considerable influence among Bengali Muslims. Owaisi has never compromised with the BJP. Interestingly, Kamaruzzamman appealed to Muslim sections to vote for Trinamool in the 2019 Lok Sabha elections. Credentials of AIMIMEnter the All India Majlis-e-Ittehadul Muslimeen (AIMIM) led by Asaduddin Owaisi in West Bengal. Won five seats in Bihar elections. Got impressive vote share. This entry has also seen all the traditional equations going haywire. Natural questions that begin to arise are:
In the Bihar elections, the performance of CPI (M-L) along with BJP has also been good. But the interesting thing is that before the Bengal elections, the most discussed topic here revolves around Owaisi’s party which won just five seats in Bihar’s Seemanchal area. However, Trinamool Congress, Congress and the Left do not publicly show that they give special consideration to AIMIM’s entry. But, behind closed doors, they are busy formulating new strategies to deal with the situation. After the Bihar election results, Owaisi did offer Mamata a pre-poll alliance to contest the polls. But Mamata and her Trinamool Congress, in an apparent display of arrogance, rejected it. Earlier Mamta Banerjee had even accused Owaisi of taking money from the BJP for entering Bengal. In recent times, the Trinamool Congress has stepped up attacks on Owaisi and his AIMIM. Party spokesman MP Saugata Rai says, now the real face of AIMIM has come in front of minorities. In Bihar, Owaisi’s party has helped BJP gain power by making a dent in minority votes. But there is a great difference between the Muslims of Bihar and Bengal. Owaisi will not get such success here. Rai claims that Owaisi has some impact on Hindi and Urdu-speaking Muslims. But they will not have any effect on Bangla speakers. Urban Development Minister Firhad Hakim calls AIMIM a communal force. The BJP has persuaded it to enter the West Bengal assembly elections as a vote-cutting party. This party, like the BJP, is moving ahead on the politics of partition. Siddikula Chaudhary, a minister in the state government and president of Jamiat Ulema-e-Hind, claims that Muslims in Bengal are politically conscious and mature. They will not support any external party and BJP’s B team. The West Bengal Congress President Adhir Ranjan Chaudhary has described AIMIM as a B-team of BJP. He says that the only goal of Owaisi’s party is to split the Muslim votes and harm the secular political parties. BJP will benefit from this. Senior CPM leader Mohammad Salim says, “If the BJP and the media don’t promote Owaisi, then his party will not be able to leave any mark in Bengal politics.”
The BJP bandwagon rolls onEven in the South, the BJP has managed to establish itself firmly as is evident from the GHMC Election Results 2020. In Telangana, as a strong Opposition, the BJP is emerging as a big force, as an alternative to the ruling party at the State. It is best tasted by the ruling Telangana Rashtra Samiti (TRS) in Telangana. Irrespective of the outcome, the BJP has valid reasons now to celebrate. The party is likely to now focus on the West Bengal turf. The division of Muslim votes is crucial for the BJP’s electoral victory. But the party’s national vice president, Mukul Rai, says, “We don’t need any B or C team to win West Bengal assembly elections.” The party will win more than two hundred seats on its own. BJP’s State Minority Front President Ali Hussain also claims, we do not need Owaisi’s party to make a dent in the minority vote bank. From the results of the last Lok Sabha elections, it is clear that now the BJP is getting the votes of this section in Bengal. The party will also get five to ten percent Muslim votes in next year’s assembly elections. On the other hand, BJP has also said that it does not need the assistance of AIMIM or anyone else to gain power in Bengal. But all the parties inside have been devising a strategy to cut down on the challenges faced by Owaisi. In fact, with the strengthening of BJP in recent years, the rapid religion-based polarization has accelerated in Bengal, the presence of Owaisi in particular is capable of spoiling the equations of the ruling party. Amidst the strong challenge from the BJP, now Owaisi is, in all probability, expected to pose a new headache for the Mamata Banerjee government. Muslim leaders of the state say that the equations are likely to change with AIMIM contesting elections here. AIMIM national spokesperson for ‘Mission West Bengal’, Aseem Waqar, says the party has formed units in 22 of the 23 districts in the state. A survey is currently being conducted. Only then will it be decided how many seats the party will contest. In such a situation, the presence of Owaisi can provide a new option to such people.
Also Read: Hyderabad Polls Being Keenly Followed Everywhere Also Read: Nitish Kumar Sets an Enviable Record in India Also Read: Tata steel share price takes an exciting take-off attracting investors The post West Bengal Assembly Elections: Battle Lines Being Drawn After GHMC appeared first on NC Airways. Via https://ncairways.co/west-bengal-assembly-elections/
The ruling party at the Centre, the BJP, now hopes to make inroads in Telangana with the Hyderabad polls. The new-found confidence stems from an impressive performance at a recently held by-polls. It unseated the ruling party candidate and made a huge boost in its vote share. The BJP has at different times been successful in Goshamahal, Malakpet, Karwan, Amberpet, Uppal, Musheerabad, Khairatabad assembly constituencies in Hyderabad. The BJP has also been winning the Secunderabad parliamentary seat. Still, the impact of Dubbak byelections is clearly visible. GHMC elections in Hyderabad. The major contestants are: The TRS is contesting all 150 seats, the BJP has put up its candidates in 149 seats. The AIMIM is contesting in 51 seats. In all, there are 1,825 candidates are in the race. In 2016 Hyderabad polls, the score line was: TRS – 99 The TRS then had an absolute majority, AIMIM’s stronghold in the Old Hyderabad City remained strong. In the past, TDP and Congress were major forces. The BJP was also in the fray, sometimes alone and sometimes in alliance with the TDP. The question that everyone has been asking is : What is at stake for the political parties? The BJP views this municipal poll as a precursor to the upcoming battles for the next general elections. It seems that it wants to get some sort of a foothold in Hyderabad and pose a serious challenge to the rest of the South India regional parties. The space vacated by the Andhra parties like the TDP, YSRCP and Jana Sena, and the gradual but sure disappearance of the Congress, is indeed an opportunity for the BJP.
Also Read: Bihar Elections 2020: Indian Democracy at its Best
Clearly the Hyderabad polls in 2020 has become a battle for capturing power in one of India’s most prosperous cities. None of the contesting parties is willing to take it easy. An unusually high-voltage campaign by the BJP has turned a municipal poll into an unusually high stakes and polarizing contest. This time, a keen contest is likely in 99 divisions in Greater Hyderabad between TRS and BJP and in 51 seats between BJP, TRS, and the AIMIM. Though elections to the Hyderabad civic body has always been hotly contested, this time unusual phrases like a surgical strike on the old city, flushing out Rohingyas and Pakistanis from Hyderabad have often been heard. The names of Jinnah, Babur, and Akbar found several mentions in political comparisons. Besides, a promise to change the name of the city from Hyderabad to Bhagyanagar was also witnessed. The PM Narendra Modi has campaigned in the city. The UP chief minister Yogi Adityanath also came to Hyderabad to support BJP candidates. Former Maharashtra chief minister Devendra Fadnavis, along with top BJP leaders arrived in the city to release the BJP manifesto. Such things, the type of language, narratives, and provocative statements never appeared for a municipal poll earlier. In response, the ruling TRS, seemingly unfazed by BJP’s strides, said, “This is not Ahmedabad, this is Hyderabad.” It is true that the unprecedented interest the GHMC election has generated has raised eyebrows. It was arguably the most intense campaign, a no-holds barred, and an extremely high-pitched affair for a local body election in recent times. Many see it as a precursor to the BJP’s chief strategy to use all its resources in civic bodies’ elections in non-BJP ruled States across India hereinafter.
Also Read: 10 Lakh Government Jobs: Its Arithmetic and its Magic Also Read: Boeing seeks new deals with EgyptAir for more Dreamliner jet airliners The post Hyderabad Polls Being Keenly Followed Everywhere appeared first on NC Airways. Via https://ncairways.co/hyderabad-polls/ As per reports being circulated in the media, Tata Sons may bid for Air India Sale by Government. Ironically, it was the Tata Group, which had founded the Air India in 1932. In 88 years time, Tata Sons grew to become the holding company of the $113 billion salt-to-software conglomerate. On the other hand, Air India finds itself today laden in a mountain of debt. The oil companies refuse to refuel Air India planes pending outstanding payments. Air travelers generally do not take Air India as seen in its market share. A private player, IndiGo, has already beaten Air India in its own game. In just 10 years, IndiGo did what Air India could not do in 50 years. It is a different story, though, that IndiGo, ever since the time of its inception, mostly consists of ex-Air India employees! The Indian government, on its part, is trying very hard to sell Air India since 2018 but could not find any capable buyer for Air India sale by government. In the meantime, a number of its employees have superannuated while others have grown three years more in seniority. The debt has mounted further. In 2020, Air India sale by government program had to be deferred four times due to the deadly coronavirus pandemic. The Centre keeps modifying bidding parameters for Air India. It has now permitted the bidders to quote enterprise value instead of equity value. It has now extended the last date for submitting bids to December 14, 2020. Moreover, the pandemic has resulted in a huge slump in the global civil aviation sector. To pursue its passion for aeronautics, Tata sons also runs two airlines: a full service airline Vistara, with Singapore Airlines (SIA), and Air Asia India, with Air Asia Berhad. It is a different matter, though, that both these airlines are presently not running profitably. The Tata Group is reportedly in talks with SIA to bid for Air India through Vistara. Points which are seriously being considered in the acquisition of Air India by Vistara include : Technically, a bid by Vistara would necessitate approval from SIA and Temasek, which owns 55 per cent in SIA. They have already let known their concerns to Tata Sons about its move to take over Air India. The SIA and Temasek would necessarily have to evaluate whether such a venture is really feasible or whether the bidders are really keen to make such a massive investment and take risk especially at times of corona when the business growth has been brutally hit. The passion for aviation in Tatas can be gauged by their resolve to go ahead with the bidding with or without SIA. Tata Sons appears very keen to take over Air India. It may partly be because of an emotional connect and partly because of its ambition to consolidate its entire aviation activities under a single entity. It has reasons to believe that despite several liabilities, Air India has several assets too which are priceless. Air India only needs a professional leadership management that could bring back its lost glory.
Also Read: Centre open to 100% stake sale in Air India
Also Read: With Cost of Interest on the Debt, Air India Can Never be in Profit: Suresh Prabhu The post Air India Sale by Government May Eventually Find a Willful Buyer appeared first on NC Airways. Via https://ncairways.co/air-india-sale-by-government/ Nitish Kumar, 69, takes oath as the Chief Minister of Bihar for the seventh time – his fourth consecutive term. Tar Kishor Prasad and Renu Devi, both of the BJP, also took oath as Deputy Chief Ministers of Bihar. India’s third most-populous state, Bihar, recently witnessed a three-phase poll ended on November 7. It was a keenly fought battle, and at the end democracy emerged victorious displaying the vitality and sustainability of large democracies. Nitish Kumar Sworn in as Bihar Chief Minister again.Bihar’s population is more than 100 million, bigger than many European countries, It sends 40 MPs to the Lok Sabha, and 16 MPs to the Rajya Sabha. In Assembly elections 2020, it has been observed that the electorate in Bihar has voted very differently than it did in the Lok Sabha elections. Regional issues, deeply entrenched casteism, and small parties generally controlled by dynasties take precedence over everything else. In this case, pollsters had predicted that the ruling NDA would be defeated due to anti-incumbency and the MGB would win. But, the Bihar results proved the pollsters wrong. The NDA returned to power with 125 out of 243 seats in the Assembly – a wafer thin majority. Though the opposition MGB did not fare badly, it came a close second with 110 seats to show. Nitish Kumar has now become the Chief Minister of Bihar for a record fourth time. He is already the longest serving Bihar Chief Minister. Kumar changed alliances and partners whenever it suited him to survive. He thus proved himself as a shrewd politician and a capable survivor. His previous terms were: Thus, he has more than 14 years of working experience as a CM If Nitish Kumar completes his new five-year term till 2025, he will then have nearly 20 years of experience as Chief Minister Considering he never possessed a majority on his own, this is quite an astonishing feat, a remarkable achievement indeed. Modi magic did the trick as democracy won the dayNitish Kumar’s ally, the BJP, won 74 seats, improving its performance by a staggering 21 seats, emerging as a clear winner. This is yet another evidence of the fact that the Narendra Modi magic – With Modi it is Possible – still works. Wherever he campaigned in Bihar, the BJP won. Observers say that the BJP’s performance in Bihar is a prelude of what lies in West Bengal, which goes to the polls in six months time. Burnol Moment for Tejashwi and CoNitish’s main rival, the RJD, which is leading the five-party Mahagathbandhan, and its allies did not attend the swearing-in event of Nitish Kumar. The Mahagathbandhan (MGB ) is also known as Grand Alliance. It is a coalition of political parties like the Congress, CPI-ML, CPI, and CPI(M) in Bihar. Without a shadow of doubt, the Bihar electorate has now thrown up a credible, regional and youthful alternative in Tejashwi Prasad Yadav of the RJD. Tejashwi is the youngest son of parents who ruled Bihar almost 15 years, that is when he was 1-15 years of age. He is a dropout from DPS, R.K. Puram, New Delhi, he is often mocked for being the 12th man in one of the Indian Premier League teams. But, he has certainly proved his mettle in Bihar politics. He managed to attract huge crowds at his rallies, his persona struck an emotional chord in the electorate especially the youth. He has now transformed himself into a charismatic leader in India. His growth as a leader is now being taken seriously by his friends and foes alike. Hope is in the airThe people of Bihar want only one one wish to be fulfilled. That is, may the BJP and the JDU of the ruling NDA fulfill the promises they made in their manifestos and restore Bihar’s lost legacy. The people of Bihar have voted for stability, continuity, and good governance in giving Nitish Kumar’s NDA government another term in power. That is why the voters of Bihar are considered the most discerning and politically well informed. Priorities for the GovernmentHereinafter, the ruling alliance shall fear opposition backlash if it does not do its duties well. There are a number of pending tasks to do. Considering the wafer-thin margin of victory, the ruling NDA can not afford to be complacent. It has to set it priorities right: Attending pending projects
If the newly formed government seriously attends to these, it will not only generate 1.9 million job opportunities in the next five years but it will give the much needed fresh lease of life to Bihar’s economy. There are several investors – NRIs and local – who desperately yearn for favorable response from the government. Under the newly created regime Bihar is likely to achieve new heights of development.
Also Read: Bihar Elections 2020: Indian Democracy at its Best Also Read: Bihar Poll Results Set a Precedent
The post Nitish Kumar Sets an Enviable Record in India appeared first on NC Airways. Via https://ncairways.co/nitish-kumar/ The Mahagathbandhan’s Chief Ministerial face Tejashwi Prasad Yadav’s claims to provide 10 lakh government jobs have naturally been a big draw in his campaign. This is the surprise pack that unfolded in the recently concluded Bihar Polls. Tejashwi Yadav’s poll promise seemed to have found wide spread acceptance among voters as thousands of migrant workers went jobless since the nationwide lockdown began in March 2020. His election rallies were jam-packed for weeks. Observers said that the crowds majorly consisted of migrant labourers, who felt severely let down by the Nitish Kumar government. Thus, the matter became a hot topic for a debate. Arguments for the Motion.Initially the BJP ignored crowds at Tejashwi Yadav’s rallies. The CM Nitish Kumar ridiculed Tejashwi for his poll promise of providing 10 lakh government jobs in his first cabinet meeting, if voted to power. He said: “Where Tejashwi will bring the funds from? From the skies or jail? Or the employees will be paid their salaries in fake notes?” The BJP Chief J P Nadda said that NDA vowed to provide development in such a way that people of Bihar would not do jobs but offer jobs to others. Party spokesman Shahnawaz Hussain stated the crowds are there because those are RJD strongholds, but results have no connection to the turnout at rallies. But later, Bihar’s ruling alliance too decided to counter attack Tejashwi Yadav. GA’s manifesto speaks of providing 1 million jobs, while NDA’s manifesto speaks of 1.9 million jobs! To support its stand, the NDA produced some budget calculations and raised questions on how Tejashwi Yadav, the Chief Ministerial candidate of the Grand Alliance, plans to materialize and fund it. Bihar’s ruling alliance, represented by Sushil Modi, stated that the salaries of the current government employees presently stood at ₹ 5,27,340 million. If an additional 10 lakh employees are inducted, the amount will shoot up to ₹ 1.11 trillion. Modi pointed out that the current budget of Bihar amounts to ₹ 2.11761 trillion only. He questioned: “If Tejashwi Yadav spends ₹ 1.11 trillion on salary alone, how will he meet the other government expenses: pension, students’ scholarship, cycle, uniforms, mid-day meal, farmers’ subsidy, infrastructure and electricity. Besides, there should also be some room for repayment of loans and interest.” Arguments against the Motion.Tejashwi’s response: – Bihar’s annual budget is of ₹ 2.5 trillion out of which the Nitish government spends only 60 per cent. The remaining amount of about ₹ 800,000 million can be used by a more competent government for the welfare of the people. – The Chief Minister Nitish Kumar raises doubts on our promise of providing 1 million jobs, so how can his future government (if ever formed) fulfill their declaration of 1.9 million jobs? Tejashwi’s vision and thought process while making this promise: Bihar faces a huge crisis of unemployment. Bihar’s population is nearly 125 million. He highlights the WHO standard: one doctor per thousand people. Bihar requires 0.125 million doctors apart from support staff. The Health Department will then need another 0.25 million staff. In case of the police force, 50 thousand posts are lying vacant. This is when the police-public ratio is at its minimum in Bihar. It is just 770 policemen per million of population. In Manipur, a much smaller state, the said ratio is 10000 policemen per million of population. Nearly 3 million people have already registered on the RJD’s “unemployment portals”. ConclusionThe points which Tejashwi has raised do carry some weight. One simple reasoning is: ‘Even if you have to give away ₹ 1.11 trillion as salaries to 1 million people, then can you not generate ₹ 11.1 trillion of revenue?’ Socialism and capitalism must co-exist. For welfare point of view, the people must be looked after. But money begets money. Whosoever will get money as salary, he or she will surely give something productive. This is the vision which Tejashwi has nursed all along. The magic of 10 lakh government jobs poll promise is now clearly visible. A young, charismatic leader has just been unearthed. However, he may not serve Bihar as its Chief Minister for full 5 years. Tejashwi Yadav may well be called upon to become India’s PM in 2024!
Also Read: Bihar Elections 2020: Will Tejaswi be India’s Next PM in 2024 Also Read: Bihar Poll Results Set Precedent The post 10 Lakh Government Jobs: Its Arithmetic and its Magic appeared first on NC Airways. Via https://ncairways.co/10-lakh-government-jobs/ After the final phase of Bihar Elections 2020, and after exit polls, the political picture of India’s second most politically significant state has become clear. While the NDA, led by none other than the PM Modi, is set to taste another defeat, its seemingly underestimated rival Tejaswi Yadav seems to have successfully emerged from the shadows of his parents and carved a niche for himself. One exit poll analysis predicts Team Tejaswi leading in 180+ seats in the 244-member Assembly, while the NDA bagging a distant second spot. There are numerous signs which suggest that the exit poll results will turn out to be near exact results. All union ministers campaigning in Bihar and the PM have suddenly gone silent after the exit polls results. The poll results are generally viewed more as NDA failure than as a Tejaswi win. While the ruling NDA played all its cards wrong, its rival played most of its cards right. The PM Modi descended in Bihar, addressed rallies and unfortunately made the wrong choice of words for his rivals. He seemed to underestimate Tejaswi. He talked more about ‘jungle-raj’ and ‘yuvraj’, but this did not make any meaningful impact on the voter. The result is there for the world to see. Factors responsible for Team Modi’s failure:
Factors responsible for Team Tejaswi Yadav success:
Bihar Elections 2020. To woo the voters, job promises were raining in campaigns. The political atmosphere remained hot due to the promises of jobs. It was RJD’s Tejashwi Yadav who first promised 10 Lakh jobs to the unemployed young generation of Bihar. The BJP leaders and even their alliance partner JDU could only mock this promise, questioning where would Tejaswi get money to pay the salaries. Hajipur, October 31, 2020. The BJP chief JP Nadda questioned RJD’s poll promise of providing 10 lakh jobs. “How will they give 10 lakh jobs?” Nadda could only accuse RJD by saying that RJD made over 20 lakh people leave Bihar. However, the NDA itself announced in the manifesto that it will provide 19 Lakh Jobs, 9 Lakh more than Tejashwi Yadav. Moving on, while the Grand alliance released its manifesto, Rashtriya Janata Dal also released its separate manifesto, promising jobs, unemployment allowance and much more. But more importantly, Tejashwi Yadav seem to have the requisite answers to the criticism. In this campaign, Tejashwi Yadav promised of signing off on 1 million government jobs at his very first cabinet meeting. This naturally made him a huge crowd puller and drew huge cheers at every rally. He may find it very easy to fulfil his promise. He only has to sign a document. But whether 1 million people actually get their jobs is another story. Signing a document and giving jobs are two different things. Anyway, such a task has to go through a number of conditions – ranging from bureaucratic hurdles to monetary considerations. Only time will tell. Conclusion: A tectonic shift post Bihar Elections 2020. A 31-year old, a non-matric candidate can still beat veteran politicians with 40+, 50+ years of experience in their own game. The NDA desperately needs to learn a lesson. Today, the world is congratulating Tejaswi Yadav who shall certainly has most of the requisites to become the youngest PM of India by 2024. The visible signs at present are: collapse of NDA, and general acceptance of Tejaswi among the masses. Other factors are:
The NDA leadership may now see the writing clearly on the wall. Tejaswi Yadav only has to aim higher after Bihar Elections 2020. Also Read: One World, One Sun, One Grid: Is it possible? Also Read: Jindal Stainless Steel share going up – Invest Money
The post Bihar Elections 2020: Will Tejaswi be India’s Next PM in 2024 appeared first on NC Airways. Via https://ncairways.co/bihar-elections-2020/ The news of Jet Airways revival has drawn a huge number of interested investors. Early this month, Synergy group, that owns majority shares of airlines like Colombian airline Avianca, had filed a new bid (EoI) to invest in the defunct Jet Airways. The venture was one of the many that have come forward to invest money in a company that is now looking for a saviour. But, how much of an impact is it likely to have? As per the latest market survey, almost 70% of daily fliers want to see Jet Airways revival in the present market scenario. Jet Airways is also said to be on a steep competition with other airlines of similar size. Thus, the present scenario would not be the best time for them to pull out and look for other ways to expand. The Jet Airways story has so far been – an airline that brought ‘joy to flying’ eventually got grounded on April 17, 2019 – leaving its followers in the lurch. So, what exactly does Jet Airways revival mean for all stakeholders? How would the sector react if Jet Airways is really able to revive and emerge as a stronger force in the aviation industry? Well, it still has a lot of scope for growth and expansion. However, this can only happen if the management responsible for Jet Airways revival are able to successfully start from scratch, develop new products for their existing customers, attract new customers and regain the market share. They must have the capability to make optimum use of available resources in terms of men and machines. Besides, in order to survive, they must sell new products or services at competitive rates. Also Read : Jet Airways: NCLT admits insolvency petition moved by SBI What’s more, if Jet Airways is able to successfully build a strong and long-term customer base, this will help them expand further in the future. The key for them here is to convince their existing customers to stay loyal to them rather than migrate to another airline. The Jet Airways revival plan and its execution will definitely take some time. There will certainly be some setbacks as well, but in most cases, people would realize the benefits of their investment after the company emerges from the turmoil of the current situation. In the process, it is also important for new investors to understand the working of the airline properly. They must be clear about the routes of the airline, the type of aeroplanes, the number of aircraft and all other important details related to the operation. It is therefore important to understand the functioning of the airline before investing in any company. Since the newly born Jet Airways is quite new, the complete operational mechanism of the airline has not been fully understood and is not established in the market yet, especially during covid times. Thus, it will be very difficult for Jet Airways to make itself acceptable to the public. However, the investors may find it easy to understand the plans and goals of Jet Airways if they can take a look at the history of the company. If the airline is in a stable financial position, then this will surely benefit the investors to a great extent. and it will give them the scope to gain a lot of insight into the workings of the organization. The post Jet Airways Revival News Brings Cheers to Jet’s Investors appeared first on NC Airways. The news of Jet Airways revival has drawn a huge number of interested investors. Early this month, Synergy group, that owns majority shares of airlines like Colombian airline Avianca, had filed a new bid (EoI) to invest in the defunct Jet Airways. The venture was one of the many that have come forward to invest money in a company that is now looking for a saviour. But, how much of an impact is it likely to have? As per the latest market survey, almost 70% of daily fliers want to see Jet Airways revival in the present market scenario. Jet Airways is also said to be on a steep competition with other airlines of similar size. Thus, the present scenario would not be the best time for them to pull out and look for other ways to expand. So, what exactly does Jet Airways revival mean for all stakeholders? How would the sector react if Jet Airways is really able to revive and emerge as a stronger force in the aviation industry? Well, it still has a lot of scope for growth and expansion. However, this can only happen if the management responsible for Jet Airways revival are able to successfully start from scratch, develop new products for their existing customers, attract new customers and regain the market share. They must have the capability to make optimum use of available resources in terms of men and machines. Besides, in order to survive, they must sell new products or services at competitive rates. Also Read : Jet Airways: NCLT admits insolvency petition moved by SBI What’s more, if Jet Airways is able to successfully build a strong and long-term customer base, this will help them expand further in the future. The key for them here is to convince their existing customers to stay loyal to them rather than migrate to another airline. The Jet Airways revival plan and its execution will definitely take some time. There will certainly be some setbacks as well, but in most cases, people would realize the benefits of their investment after the company emerges from the turmoil of the current situation. In the process, it is also important for new investors to understand the working of the airline properly. They must be clear about the routes of the airline, the type of aeroplanes, the number of aircraft and all other important details related to the operation. It is therefore important to understand the functioning of the airline before investing in any company. Since the newly born Jet Airways is quite new, the complete operational mechanism of the airline has not been fully understood and is not established in the market yet, especially during covid times. Thus, it will be very difficult for Jet Airways to make itself acceptable to the public. However, the investors may find it easy to understand the plans and goals of Jet Airways if they can take a look at the history of the company. If the airline is in a stable financial position, then this will surely benefit the investors to a great extent. and it will give them the scope to gain a lot of insight into the workings of the organization. The post Jet Airways Revival News Brings Cheers to Jet’s Investors appeared first on NC Airways. Via https://ncairways.co/jet-airways-revival/ |