FIR against Indian Economy?

FIR against Indian Economy?

Palash Biswas

For whom the bell tolls? For whom the democracy works?

My countrymen,just think!

Think again and over again?

What is the rule of law at last?

What does Indian constitution men?

Breaking news as Economic Times ,the leading business daily on this homeland reports,The criminal conspiracy and corruption charges leveled by the Central Bureau of Investigation against business leader Kumar Mangalam Birla and former coal secretary PC Parakh could have an adverse impact on the investment climate and decision-making in the government, five ministers said on Wednesday.

"You cannot label every minister or a bureaucrat with corruption and create an environment of mistrust and sensation," Commerce and Industry Minister Anand Sharma told ET. "A distinction has to be made between bona fide and mala fide decisions, and agencies such as CAG (Comptroller & Auditor General) or others have to maintain their balance," Sharma said.

Describing Birla as an "iconic industrialist", Sharma expressed concern at CBI's move. "I can't fathom how a case of impropriety can be made against Birla, an iconic industrialist respected all over the world." "First, it was the telecom sector, then power and now it is killing the coal sector," quipped a senior Cabinet minister, who said he was referring to judicial overreach as well as agencies such as CAG and CBI.

On Tuesday, CBI filed a first information report (FIR) against Birla and Parakh over alleged irregularities in the allocation of a coal block in Orissa, sending shock waves among industrialists and bureaucrats across the country.

Corporate Affairs Minister Sachin Pilot said investigative agencies should ensure their actions are based on hard facts and do not create an atmosphere of fear and uncertainty. "Recent incidents will certainly dampen business confidence and investment sentiments — both domestic and foreign. And perhaps also negatively affect decision-making by bureaucrats and policy-makers," Pilot said.

*

CBI began investigations on June 1, 2012, when it registered a preliminary enquiry (PE), after a report by CAG — then headed by Vinod Rai — alleged impropriety in allocation of coal blocks that, according to the national auditor, had resulted in undue gains of Rs 1.86 lakh crore.

Responding to the wave of criticism, CBI chief Ranjit Sinha said the probe was based on what he termed "strong documentary evidence". "There is no personal enmity that we have with anyone. Please don't think we are such fools that we will file a case without strong documentary evidence," Sinha told ET. "CBI is a professional agency and our investigations are based on evidence. We register FIRs after thorough investigations." Senior CBI officials referred to a letter that Birla wrote to the prime minister's office.

That`s not enough for the ninety nine percent as it is most possible that the next after cyclone Phailin would be no one else but Narendra Modi,the blue eyed boy of India Incs!

Will Modi be Next After Cyclone Phailin? ET did one of the largest surveys ahead of Battle 2014 and its predictions show a clear surge building up in favour of the saffron party in the cowbelt. Will the entry of Modi, who is yet to kick off his campaign in UP & Bihar, convert the wave into a tsunami BJP needs to carry it home? Heartland for BJP, Heartache for Cong TEAM ET    Uttar Pradesh and Bihar are seeing a rising tide of support for BJP, but not enough for it to sweep the electoral stakes in the two main battleground states, a survey commissioned by EThas found. The survey of around 8,500 voters, one of the biggest and most exhaustive exercises of its kind in the two states that hold the key to who rules the nation, shows BJP's prime ministerial face, Gujarat Chief Minister Narendra Modi, increasing his popular rating and boosting his party's acceptability among voters of UP and Bihar. But BJP is still seen winning a little over a third of the 120 Lok Sabha seats on offer in the two states. Carried out between September 4 and 26, the survey by research firm Nielsen put BJP on course to win 44 seats — 27 in UP and 17 in Bihar. With the road to power at the Centre certain to pass through these states, this tally will not be enough to put BJP in the comfort zone nationally and will require its current momentum to gain much more strength and breadth between now and the general elections. But it can take some heart from the fact that the survey, a part of which was conducted before Modi was formally anointed as its face for 2014, points to him becoming the chief decider of the electoral outcome. The big picture, the survey shows, portends hefty losses to the electoral clout of Modi's challengers, Mulayam Singh Yadav in UP and Nitish Kumar in Bihar. In UP, the poll indicates BJP once again emerging the number one player, with the projection of 27 seats almost three times the number it won in the two previous encounters. BJP appears to be eating into the support base of all its rivals, taking up its vote share to 28% from 17% in 2009. The next polls, according to the survey, could be especially brutal for the SP and the national ambitions of Mulayam Singh Yadav. SP's vote share is seen dropping 5 percentage points to 18%, which could bring down its tally to 16 seats. BSP and Congress, too, are seen being hit, although in varying measures. An upper caste consolidation in Modi's favour may result in a depletion of BSP's support base, even though the survey projected the party retaining its current tally of 20 seats as its core Dalit vote remains intact. Riding on Modi, BJP Must Reach Out to Non-core Sections Modi, who seems to be gaining traction in most voter categories, is seen as marring the prospects of Congress. Although a section of its MPs enjoys high electability, the Grand Old Party is seen losing nine seats, relegating it to the status of a fourth player in the UP league table. Predictions that the summer split in the NDA in Bihar could hobble Modi and his party appeared to be proving wide off the mark, with the survey giving BJP 17 of the 40 seats on offer. Its erstwhile ally Janata Dal (United) is seen getting just 10 seats, half its 2009 tally and belying its calculations about emerging as the main beneficiary of the anti-Modi votes. Lalu Prasad's Rashtriya Janata Dal (RJD) is forecast winning five seats, one more than its score in the last elections, while the Congress tally is seen at four compared with two in the last elections. With a significant section of Muslims still siding with other rivals of Modi such as Congress and RJD, the survey points to the need for JD(U) and its leader, Chief Minister Nitish Kumar, to enter into an alliance for minimising losses. By all counts, Modi is bigger than BJP in these two states and an improvement on the tally would depend on the party's ability to reach out to sections that are outside its catchment area. BJP's hopes of wresting power in 2014 hinge on maximising gains in the Hindi heartland, given its low geographical spread with feeble presence in the country's south and east. BJP leaders maintain that the party's prospects will improve substantially after Modi begins his campaign in the two states. He is scheduled to address two rallies in UP and Bihar — Kanpur on October 19 and Patna on October 28. The Bihar rally will be the first in more than decade — Nitish Kumar had unofficially kept Bihar out of bounds for Modi since 2005. Although Modi's rallies in south India have been drawing large crowds, BJP does not have the depth to win seats on its own. Additionally, states like West Bengal and Orissa continue to be 'no go' areas for BJP.

LOUD CHANTS OF NaMo RISE IN AKHILESH LAND BJP is expected to get 27 of the 80 parliamentary seats, nearly thrice the number the saffron party managed to secure in its past two outings in the state. The swing for the party increased after it named Narendra Modi as its prime ministerial candidate    Asaffron surge appears to be building up in Uttar Pradesh, with the BJP eating into the support base of its rivals in India's most populous state. The ET poll points to a high voting intention for the BJP and its emergence as the dominant party in the state. With a projected vote share of 28%, the country's main opposition is expected to get 27 of the 80 parliamentary seats. This is nearly thrice the number of seats the party managed to secure in its past two outings in the state. The survey, carried out after the communal clashes in western Uttar Pradesh, has an unequivocal warning for the ruling Samajwadi Party: anger among Muslims, its key supporters, over the state government's failure to protect their interests. The SP is expected to lose heavily and end up with 16 seats, down from the 23 it won the last time round. This could put paid to SP chief Mulayam Singh Yadav's plans to pitch himself as the prime ministerial candidate of the Third Front. As per the survey, the BJP is gaining from a significant backing of the upper castes and the non-Yadavs among the Other Backward Classes. Mayawati's Bahujan Samaj Party, which managed to win the support of the upper castes in the previous elections, may cede this base to the BJP. But even as the BSP's vote share is expected to drop to 25% from 28%, it is projected to win 20 Lok Sabha seats, the same as it did in the 2009 elections. Congress vice-president Rahul Gandhi, who has been concentrating on the revival of his party in the heartland states, does not seem to be having much success. The Congress — which figures at the bottom of the popularity chart among the top four parties, with just 17%% of the respondents naming it as their party of choice — is expected to see its share of seats slide to 12 from 21. The support for the Congress comes essentially from the eastern part of Uttar Pradesh. According to the survey, the voting intention for the BJP went up considerably after the party named Modi as its prime ministerial candidate. Modi's supporters in the BJP had argued that only the Gujarat chief minister could re-energise the cadre and bring back the social groupings that had migrated to rivals such as the BSP. All Remember Maya in Junior Netaji's Regime    Akhilesh Yadav was widely credited for the Samajwadi Party's triumph in the Uttar Pradesh assembly elections last year and welcomed as a change agent in the underdeveloped state plagued with corruption and crime. Nineteen months later, the 40-year-old chief minister appears to have lost his sheen. The survey shows that most voters are disappointed with the SP government's performance, a finding that signals trouble for the party ahead of the Lok Sabha elections, especially since rival Mayawati appears to be gaining from this rapid disenchantment with the party that ousted her from power. More voters vouched for the previous government's ability to fulfil commitments made to the people. As per the survey, 43% of the Hindus and 52% of all voters in eastern UP gave a high rating to the Bahujan Samaj Party leader. She also earned high ratings among Scheduled Castes and Scheduled Tribes — 62% and 68%, respectively. This suggests it will not be easy for Mayawati's rivals to poach on her core constituency. The finding is particularly relevant for Congress vice-president Rahul Gandhi, who has been emphasising in his recent meetings that only his party can promote the welfare of Dalits. Even as Samajwadi Party chief Mulayam Singh Yadav has been named the preferred prime ministerial candidate by 12% of the respondents from the Other Backward Classes, 13% among the community pitched for Mayawati and as many as 62% preferred Modi. The BJP is expected to highlight the backward caste identity of Modi in the state where caste affiliations play a critical role in electoral outcomes. The biggest worry for Samajwadi Party is sure to be the electoral mood in western Uttar Pradesh. The party's ratings are the lowest — 15% — in this region. However, it seems to be holding on its present position in central Uttar Pradesh. Muzaffarnagar Comes Handy for Saffron Party    Th e c om mu n a l c l a s h e s i n Muzaffarnagar have unsettled social equations in western Uttar Pradesh and catapulted the BJP into a dominant position. Samajwadi Party's popularity has nosedived primarily because it has lost the trust of Muslim voters who hold considerable clout in the region. As many as 57% respondents in the survey said the BJP would gain the most from the recent riots in western Uttar Pradesh. Barring a brief period following the demolition of the Babri Masjid at Ayodhya, when a section of the Jats backed the BJP, the community has been voting along with Muslims. But with the Jat-Muslim conflict in the area severing the social alliance, the BJP's rivals are likely to find it difficult to consolidate the Hindu votes in their favour. The emerging situation can be troubling for not just the SP but also the Congress-RLD alliance. While there is an erosion of Muslim support for the SP, the Jats are no longer willing to consolidate their votes for helping the Congress and the RLD. According to the survey, Narendra Modi registered a sharp rise in popularity after he was named the BJP's prime ministerial candidate on September 13. The voting intent for the BJP also went up as a result. The respondents also expect Narendra Modi to play a key role in Uttar Pradesh, where his close aide Amit Shah has been made in-charge of the BJP in the run-up to the Lok Sabha elections. Modi is expected to contest the elections from Varanasi in the state. Majority Feels SP is Mulayam on Congress    The Samajwadi Party's attempts to distance itself from the Congressled coalition at the Centre on various issues while continuing to lend it outside support appear to have cut no ice with the electorate in Uttar Pradesh. As many as 53% respondents in the survey said the SP could have a pact with the Congress after the 2014 polls. Thirty-seven per cent, on the other hand, said the SP's main regional rival, Mayawati-led Bahujan Samaj Party, could join hands with the Congress. An even fewer 33% saw the possibility of an alliance between the BSP and the Narendra Modi-led BJP. The survey shows that the voters appreciate the complexities involved in a tie-up between the BSP and the Congress despite the latter's recent efforts to clear corruption cases against Mayawati. The BSP, which ensured a complete snapping of ties between the Congress and the Dalits, would not like to provide the ruling party at the Centre an opportunity to revive its appeal among the community. A resurgent Congress could also become a claimant for the support of the upper castes, which firmly backed the party before the Ram Janmabhoomi movement. Nearly half of the respondents named the BJP-led NDA as the best alliance to run the country while just over a fourth backed the Congress-led United Progressive Alliance. Significantly, the parliamentary constituencies currently controlled by the SP and the BSP showed an increased preference for an NDA government at the Centre. SP chief Mulayam Singh Yadav's claim that the third front would be in a position to form the government does not seem to have found many takers. Only 11% of the respondents named it as the best option, perhaps a reflection of the loss of appeal of the SP coupled with Modi's increasing popularity.