by Harish Gupta, National Editor, Lokmat Group
fly on the wall
IBC Code divided the Cabinet, for a change
For a change, Union Cabinet witnessed some prolonged if not heated discussions when the Insolvency Bankruptcy Code (IBC) Ordinance was brought before it. A couple of Cabinet Ministers felt that if the purpose of the Ordinance is to revive 500 sick companies, it will be rather detrimental. But the Finance and Corporate Affairs Minister Arun Jaitley argued that if this Ordinance is brought, then all sick companies will be grabbed by the relatives and friends of those promoters who had looted them for decades. The actual value of these companies is less than 50%. The government wants that new genuine promoters should come forward. Some ministers said the Ordinance is so stringent that there will be no buyers left. When a another senior minister quipped that it would impossible to find such buyers in India, Jaitley said world is looking at India how this government is dealing with corrupt promoters. Another minister pointed out to Jaitley that the money was lent to these companies by the banks and let the banks be given free hand to deal with the situation. Why the government was interfering in the process. At this, Jaitley got irritated but replied in a coll manner that the IBC was evolved only after intense consultations with the bank who are finding themselves unable to deal with the crisis. The willful defaulters are creating all sorts of hurdles in selling these companies after milking them for decades. The government won't allow any relative to buy the sick company of another relative. Prime Minister Modi maintained a complete silence when the debate was going on the Ordinance. The Ordinance was later issued and now set to be challenged.
Sonia to continue as CPP chairman as Rahul cracks whip
Rahul Gandhi has done what none including Sonia Gandhi dared in the past; suspending senior leader of late Rajiv Gandhi era. Manishankar Aiyer who was an IFS, quit his job and joined Rajiv Gandhi and never looked back. He held key positions and often put Dr Manmohan Singh and Sonia Gandhi in trouble for his remarks all these years. But nobody touched him as he was an “uncle” to the Gandhis. Aiyer thought the storm over his “neech” remark will blow over with his “half-hearted regret” and that too with riders. Rahul Gandhi was furious when Aiyer didn't tender unqualified apology as directed and cracked the whip. Though Rahul Gandhi wants to carry the oldies in the party with him and won't reshuffle the pack after assuming office of the Congress president on December 16. But he won't sack anybody. Meanwhile, it is unclear whether Ahmad Patel who is Political Adviser to Congress President (CP) will continue to hold the post. It is clear that Rahul doesn't want political adviser and will rely on the “entire leadership” rather than one individual. It is yet to be seen if Ahmad Patel is made political adviser to the Chairman of the CPP (Congress Parliamentary Party) or not. It is emerging that Sonia Gandhi will continue to be the chairman of the Congress Parliamentary Party until the 2019 Lok Sabha polls. Congressmen say that while Sonia Gandhi always avoided taking risks, Rahul Gandhi is no-nonsense kind of a person and by suspending Aiyer, he has sent a signal to senior leaders to keep their tongue under check.
Akola makes Yashwant Sinha a mass leader, BJP worried
Yashwant Sinha may be in political wilderness and a loner. But over-night, he made the ruling party worried when he landed in Akola in Maharashtra and forced the Fadnavis government to concede all the six demands of the farmers. The tremendous success in a short span of time of the farmers' agitation surprised political class as Sinha was able to mobilise the support of not only local farmers but also West Bengal Chief Minister Mamata Banerjee and other parties looking for a leader worth a salt. She dispatched Dinesh Trivedi and now it transpires that Swabhiman Paskha Party, Aam Aadmi Party, Biju Janata Dal and several others may swim in the troubled waters in BJP ruled states. They have got a leader in Yashwant Sinha who is 80 years plus and working hard to engineer a revolt within the BJP too. Don't dismiss the 80 year old job seeker as he is enjoying a new role of farmers messiah. One will have to wait for some more time how things take shape.
She-Box Zeal takes Maneka no where
Maneka Gandhi launched the a comprehensive She-Box, an online complaint management system for working women to lodge complaints of sexual harassment at work places. This was under the Sexual Harassment of Women at Workplace (Prevention, prohibition and Redressal ) Act which is called the She Act 2013. it was passed during the UPA regime but Maneka has been focusing on its tough implementation ever since she became a minister in 2014. Its an online portal facility and covers even those who have already filed their complaints to the private or government companies or department. The ministry published even a handbook to pretext the dignity and safety of women. The PIB churned out a huge handout of the launching of the She Box on November 7. But shockingly, the same handout with verbatim words was issued by the same ministry on the same subject six months ago, on July 24 to be precise. The Press Information Bureau has both the press releases on its website with a five months gap. The Fly was told that ministers are under so much of pressure from the PMO to show activities relating to their ministries in the media that even when they have no event, they are forced to create an event. Maneka hit upon the idea of recycling press bulletins.
