Kapil Sibal’s RS move slammed by both Congress, Trinamool in Bengal

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Kolkata, May 25 | Leaders of Congress and West Bengal’s ruling Trinamool Congress, otherwise at loggerheads on almost all issues, on Wednesday adopted the same line of criticism in slamming senior Congress leader and former Union minister filing nomination for Rajya Sabha from Uttar Pradesh as Independent with the Samajwadi Party’s support.

Congress leader in Lok Sabha and party state unit President, Adhir Ranjan Chowdhury, said that after enjoying so many important posts being with Congress for so many years and holding important portfolios in UPA-I and UPA-II governments, Sibal took such an action out of his greed for a chair in the Rajya Sabha.

“His current term in the Rajya Sabha will end shortly and there is no hope for his re-nomination. So, he made such a decision. Least said about him his better,” he said.

While such a reaction from Chowdhury was quite natural, a surprise thrashing of Sibal over this development came from senior Trinamool leader and three-time MP, Saugata Ray, especially at a time when his party and Samajwadi Party is going a honeymoon phase on various issues.

“I am quite saddened over this action of Sibal. I am not happy with the news of Sibal switching his political camp. He is one of the leading legal brains of the country. He had enjoyed several key posts in Congress, including important Union ministerial chairs. Actually, he has risen from the grassroots level and hence he just served his own interest,” Roy said.

Incidentally, in the recent Uttar Pradesh Assembly polls, the Trinamool did not field any candidate there as an expression of solidarity towards Samajwadi Party. Both Trinamool and the Samajwadi Party are having regular dialogues on the issue of fielding a unanimous opposition candidate for the forthcoming Presidential elections. In such a situation, Roy’s comment on the Sibal issue has come as a surprise.

After erstwhile BJP Lok Sabha member, Arjun Singh’s return to Trinamool last Sunday, Roy made a loaded statement as he claimed that Singh’s return will neither benefit nor harm his party.

Source: IANS

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Weekly Fundamental Market Outlook

Weekly Fundamental Market Outlook

Indian share market posted its first weekly gain in Jun by rising 2.7%.

This week, the Indian Stock Market rebounded strongly and ended with first weekly gain of 2.7% in June as a drop in commodity prices offered some relief from broadening inflationary pressures. Copper prices, which are often seen as a bellwether for economic output due to their wide range of industrial and construction uses, are heading for their worst week in a year, while oil prices have dropped over concerns of slumping demand.

While the US recessionary fears are still at the forefront, but the slide in commodity prices has lifted the mood of stock market.Cheaper oil is usually beneficial for oil-importing countries such as India.

Domestically, on sectorial basis, Auto and FMCG are the top gainers, while Metal index is the top losers. On stock basis, Hero MotoCorp, Eicher Motors, Hindustan Unilever, Maruti Suzuki and M&M were the top gainers and Tata steel, UPL, Reliance Industries, hindalco Inds and Coal India were the top losers.

In the next week, investors will keep a close eye on crude oil price movement, commodity prices, US economic activity and the geopolitical development.

 

Post Disclaimer by BhaskarLive.in

The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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