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Gurgaon 🌍 🌏 🌎 world
Joined April 2009
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SunjayJK✾DIVERSITY retweeted
Business World magazine has a sensational scoop based on the internal minutes of a Committee of Secretaries on Disinvestment showing how rules were changed for the controversial privatisation of IDBI Bank which was sold to Canada based Fairfax Financial Holdings at Rs 52,878 crore ($5.55 billion) at Rs 81 per share.
The internal minutes state that the initial sealed bids from Fairfax and another entity came well below the confidentially set minimum reserve price of Rs 94.42. The Fairfax bids came at Rs 75. So what do the babus do? They pull off something unprecedented but do it openly and transparently. They move to another valuation method and ask Fairfax and another bidder (strangely not named because it was later rejected by Home Ministry for security reasons!) to give new bids. This time Fairfax bids Rs 81 per share , still well below the original reserve price of Rs. 94.42. Then Fairfax says this is the final offer and it would withdraw if not accepted. The government accepts it and also gives some relief on disputed tax claims on IDBI Bank. Tax payer also makes a hefty contribution here!
The deal goes through at Rs 81 per share(the original reserve price was Rs 94.42) and the internal note strangely gives reasons why this sale was necessary for the government at this juncture- Fiscal stress on Centre due to high energy prices, lack of FDI inflows and the currency under strain because of the global energy crises!
As per Business World report the justification for change of rules and methodology for the sale of IDBI Bank came from the General Financial Rules for sale of government physical assets but not shares. Then it cites the Railway Stores Code on auctioning scrap:
"Bids lower than the reserve prices may, however, be accepted by the Depot Officer where found expedient provided the Depot Officer doing so records his reasons in writing."
In my 40 years of journalism I have not come across such justification for privatisation.
Business World's Palak Shah must be commended for this investigation.
SunjayJK✾DIVERSITY retweeted
Arnab Goswami pagal go gaya hai....
Uske khwabon me abhi bhi @dhruv_rathee aa raha hai... 🤣🤣🤣
SunjayJK✾DIVERSITY retweeted
VIVEK IS SICK. Our newest ad, “Sick,” doesn’t mince words—and neither does Stuart Stevens. Watch him break it down on The Joy Reid Show.
SunjayJK✾DIVERSITY retweeted
אני נמצא בקשר עם הגורמים הרלוונטיים ומקבל עדכונים בנוגע לחשדות על מעורבות זרה בבחירות.
על מדינת ישראל לשמור מכל משמר על טוהר הבחירות מפני כל ניסיון התערבות, ספינים והטייה ולבחון כל תלונה לעומק.
מנגד, אסור לאפשר לגורמים פוליטיים לנצל את המצב ולהשפיע על מועד השבעת הכנסת ה-26.
SunjayJK✾DIVERSITY retweeted
Singing The Epstein Plane to Trump at his rally tonite! The raw footage. With the cops pulling me out! (Uncut) – at Chillicothe, OH
SunjayJK✾DIVERSITY retweeted
I was the first person to seek the registration of an FIR regarding the crores of rupees that went up in flames at the residence of Justice Verma.
Later, I heard from important sources that the money belonged to Justice Chandrachud. Gradually, talk spread among the members of the Bar, and now it has spread like wildfire—at least in Delhi. Everyone is saying that it was Justice Chandrachud’s money, with some claiming it was ₹700 crore. There is another rumor about ₹500 crore or a similar amount recovered from the farmhouse of a female Delhi High Court judge.
These are rumors, but there cannot be smoke without fire. That is why I moved the Supreme Court for the fourth time. If Justice Verma is innocent—and many sympathize with him in Delhi, believing that although he may be corrupt, the burned money was not his but Justice Chandrachud’s—these rumors and issues still need to be addressed.
When I mentioned the matter, the Chief Justice switched off the audio and video, so no one knew what was said or transacted in court. Judges face great difficulty in such matters. For a Chief Justice, Justice Verma’s case poses a dilemma due to a sense of collegiality—or a trade-union-like mentality among judges. They tend to protect one another.
Look at the damage this causes: today, people say the safest place to keep money is a judge’s residence. There are so many allegations against judges today that people consider the political executive less corrupt by comparison. While there are no allegations against the Prime Minister, many allegations persist against the government regarding various industrial groups.
Whose failure is this? It is the failure of the press and the failure of the Bar. As the Bar, we have failed to rise to the occasion. The so-called elite and eminent lawyers in the Supreme Court are hypocrites and sycophants—self-serving individuals who care for no one else.
Common people must step forward to raise these issues. Lawyers can utilize social media for this purpose. I am not asking anyone to take to the streets—that is dangerous, and lawyers should never do so—but we must address these matters.
SunjayJK✾DIVERSITY retweeted
בוקר טוב אזרחיות ואזרחי ישראל,
יום חשוב מתחיל. אני מתכוון להקדיש את היום למגעים, לפגישות ולהתייעצויות עם שותפינו בגוש השינוי, עם הנבחרת שלנו לכנסת ועם צוות המשא ומתן הקואליציוני.
העם אמר את דברו. 67 מנדטים ביקשו שינוי. רוב ברור בציבור הישראלי.
אני מתכוון להפוך כל אבן, לפעול בכל דרך ולעשות כל מה שנדרש כדי לממש את רצון הבוחר ולהביא להקמת ממשלת שינוי והצלה לישראל.
זה אפשרי. זה בידינו. אבל זה מחייב אחריות, אומץ ופעולה מהירה. אין לנו זמן לבזבז.
אל תפסיקו לדרוש שינוי.
אמשיך לעדכן.
SunjayJK✾DIVERSITY retweeted
Torrent donated Rs 137 crore to #BJP through electoral bonds.
The same #Torrent group was provided tax exemption of Rs 285 crores in the past by the BJP-Shiv Sena government headed by Devendra Fadnavis. In May 2019, the Torrent Power was given exemption from paying Rs 285 crore in property tax, including interest and penalties, to the Bhiwandi-Nizampur Municipal Corporation.
Torrent is in news again, this time, over its pumped-storage project in #Karjat , Maharashtra, which has sparked a controversy over the felling of thousands of trees. n/n
To know more, read this story
newslaundry.com/amp/story/20…
SunjayJK✾DIVERSITY retweeted
Editorial | Israel's opposition should form a government with Arab parties haaretz.com/opinion/editoria…
SunjayJK✾DIVERSITY retweeted
.@sabeer calls @ArvindKejriwal a good politician and a teetotaler who was unnecessarily dragged in a fake liquor scam case.
SunjayJK✾DIVERSITY retweeted
I grew up in a world Dolores Huerta helped make. Every time a worker in this city organizes for a fair wage, every time a tenant, delivery worker, or a nanny stands up and demands better, they join a tradition she forged.
She led without asking permission. She organized farmworkers when the country looked away, took the grape boycott to every corner of America, and won protections that changed millions of lives. Her work started in California’s fields, but it was never only for California. Families in New York, in Texas, and in the Midwest followed in her footsteps and learned from her example, without ever meeting her.
Her bravery and fight for justice continued until the very end of her life, when she came forward to share the truth about what she had survived -- even though silence would have been easier.
She taught us that sí se puede and lived it every day.
New York mourns Dolores Huerta. Let us honor her by continuing the work.
BREAKING: Labor leader, feminist and civil rights icon Dolores Huerta has died at 96. apnews.com/article/dolores-h…
SunjayJK✾DIVERSITY retweeted
Jill and I are mourning the loss of our friend Dolores Huerta, a giant of the American labor and civil rights movements.
For more than seventy years, Dolores fought for working people. She organized in the fields, she walked the picket lines, and she sat across the table from people who never expected to have to negotiate with her.
I say often the middle class built this country, and unions built the middle class. Dolores understood that in her bones. Well into her nineties she was still traveling, marching and organizing for working families, for women, for immigrants, for LGBTQ Americans.
Even this year, she showed a different kind of courage, telling a painful truth she had carried for sixty years so others would not have to carry theirs alone.
America is fairer and more decent because of Dolores Huerta. Jill and I send our love to her entire family, and to everyone who found their voice because of her.
May God bless Dolores Huerta. Sí, se puede.
SunjayJK✾DIVERSITY retweeted
With the passing of Dolores Huerta, Hillary and I have lost a dear friend, and we’ve all lost a stalwart champion of working Americans.
Dolores wore many hats: voting rights advocate, human rights champion, die-hard Democrat, self-described “born-again feminist,” and co-founder of the United Farm Workers of America. To see her in action was to witness a living legend who never stopped pushing for progress and seeing every new obstacle as a fresh opportunity to educate, to organize, and to uplift—even as those efforts sometimes brought her grave consequences. I will never forget and always be grateful for her support for Hillary in 2008 and 2016. It was an honor to award her the Eleanor Roosevelt Human Rights Award in 1998 and a great gift to spend time with and fight alongside her.
Our hearts go out to her family and the countless Americans whose lives were forever changed by her good long life.
SunjayJK✾DIVERSITY retweeted
Dolores Huerta was a hero of mine.
When she co-founded the National Farm Workers Association in 1962, people thought Dolores was crazy. “How are you going to organize farm workers,” she remembered being asked. "They are poor, powerless immigrants.” But that’s exactly what she did, helping thousands of migrant laborers working in brutal conditions make their voices heard, and demand something better.
Dolores spent the rest of her life fighting for marginalized communities, even as she herself faced sexism and abuse — including, as she revealed earlier this year, from Cesar Chavez and others within her own movement. She also came up with a pretty good slogan, “Si, se puede” — Yes, we can — that I too often get credit for. But as usual, Dolores got there first.
Michelle and I are thinking of Dolores’s family, the people whose lives she changed, and everyone who drew inspiration from her example.
Photo credit: National Archives, Obama Presidential Library
SunjayJK✾DIVERSITY retweeted
Moments ago in Georgia, Senator Jon @ossoff:
"In six days, Georgia will rebuke the crook President Donald Trump with such clarity and power that no president will dare such abuses again for centuries."
SunjayJK✾DIVERSITY retweeted
“Why is the 🇺🇸 government stopping fuel shipments to Cuba?”
Trump’s UN ambassador @michaelgwaltz claims they’re stopping fuel from getting to Cuba because they’re looking out for the people🤔, then crashes out when @BTnewsroom pushes back
They think we are all morons
