Report Wire

Tag: Gautam Adani

  • More Trouble For Adani: SEBI’s Notice Intensifies Hindenburg Allegations, Shares Plunge | Economy News

    In more trouble for embattled businessman Gautam Adani, Adani Energy Solutions received a show-cause notice from capital market regulator Securities and Exchange board of India (SEBI) this week. The market watchdog has alleged wrongful categorization of certain investors as public shareholders under its minimum shareholding norms.

    SEBI’s show-cause notice to Adani Energy Solutions is aligned with some of the barrage of serious allegations leveled by US-based research firm Hindenburg against the conglomerate, which has repeatedly denied the charges. Adani Energy Solutions, a power transmission company, has confirmed the receipt of the show-cause notice.

    The company is part of a conglomerate often considered excessively diversified by many analysts Additionally, SEBI’s notice comes at a time when SEBI Chairperson Madhabi Puri Buch herself has denied a series of serious charges against her by Hindenburg this year.

    Adani Energy Solutions has also confirmed that SEBI’s notice is related to the regulator’s minimum public shareholding norms.

    Investors bear the brunt of bad news, yet again…

    Adani Energy Solutions (ADANIENSOL) shares continued to fall for the fifth day in a row on Friday in more trouble for investors after the October 22 disclosure mentioning SEBI’s show-case notice.

    On Friday, Adani Energy Solutions shares ended 5.7 per cent lower at Rs 920.2 apiece on BSE, logging a weekly fall of 11.9 per cent. The sustained fall in the Adani group stock, which rendered investors poorer by Rs 14,974 crore in just 5 days, comes despite Adani Energy Solutions reporting a 172 per cent increase in net profit to Rs 773 crore for the July-September period.

    The market capitalization (mcap)—or market value—of Adani Energy Solutions declined by Rs 14,974 crore to Rs 1,10,536 crore, as of October 25, according to provisional exchange data.

    This story has been taken from Zeebiz

  • Hindenburg report: Parliament suddenly got adjourned sine die, now we know why, says Congress

    Congress on Saturday used the Latin phrase “Quis Custodiet Ipsos” or “who will guard the guards themselves” to take a dig at SEBI chief Madhabi Buch, after US short seller Hindenburg leveled allegations against her.

    Hindenburg has alleged that Buch and her husband Dhaval had stakes in obscure offshore funds used in the Adani moneysiphoning case.

    Tagging the Hindenburg post on the allegations on In another post on the microblogging platform, Ramesh said, “Parliament was notified to sit till the evening of August 12th. Suddenly it got adjourned sine die on the afternoon of Aug 9th itself. Now we know why.”— Jairam_Ramesh (@Jairam_Ramesh) In a blogpost, Hindenburg said 18 months since its damning report on industrialist Gautam Adani, “SEBI has shown a surprising lack of interest in Adani’s alleged undisclosed web of Mauritius and offshore shell entities.”

    RECOMMENDED STORIES FOR YOU

    Citing “whistleblower documents”, it alleged: “Madhabi Buch, the current chairperson of SEBI, and her husband had stakes in both obscure offshore funds used in the Adani money siphoning scandal.” The SEBI (Securities and Exchange Board of India), which had been investigating the Adani group even before the Hindenburg report, had told a Supreme Courtappointed panel last year that it was probing 13 opaque offshore entities that held between 14 per cent and 20 per cent across five publiclytraded stocks of the conglomerate. It has not stated if the two incomplete probes have since been concluded.

  • Adani Group To Invest Rs 1.2 Lakh Crore In FY25 | Companies News

    New Delhi: In a bid to set the stage for the next phase of exponential growth, the Adani Group is aiming to invest about $14 billion (nearly Rs 1.2 lakh crore) across its portfolio of companies in the next fiscal year (FY25).

    According to sources, the Group will invest $14 billion in the portfolio, ranging from green energy, airports, cement, commodities, etc in the next financial year. Adani Group Founder and Chairman Gautam Adani has already said he will invest an estimated $100 billion into India's green energy transition over the next 10 years, with plans to scale up to 10 GW of solar manufacturing capacity by 2027. (Also Read: Zomato Faces Rs 8.6 Crore GST Penalty Notice From Deputy Commissioner Of State Tax)

    According to sources, the projected capex (capital expenditure) for the fiscal year 2024-25 is 40 per cent higher than what the Group companies are estimated to have incurred in the current fiscal year. (Also Read: Flipkart Valuation Declines By Over Rs 41,000 Crore In Two Years)

    More than 70 per cent of the capex will go into its green portfolio like renewable power and the rest will be utilized for building key infrastructure like world-class airports. The Adani Portfolio of companies had reported a record quarterly profit growth of 63.6 per cent (year-on-year), as trailing 12-month EBITDA (as of December 2023) stood at Rs 78,823 crore ($9.5 billion), which is 2.5 times the EBITDA in FY21 and 37.8 per cent higher than FY23 EBITDA.

    The company said that high liquidity is maintained with a healthy cash balance of Rs 44,572 crore ($5.4 billion) at the end of December 31, 2023. The core infrastructure platform generated Rs 66,208 crore ($8 billion) EBITDA over the last 12 months — up 35.4 per cent YoY, the company had said in a statement.

    The record profit came as domestic and international rating agencies, including S&P Global and Moody's, have upgraded or positively revised the outlook for all key Adani portfolio companies.

  • Congress reiterates need for JPC to probe allegations in the direction of Adani group

    By PTI

    NEW DELHI: The Congress on Monday alleged that the Supreme Court-appointed skilled committee and the SEBI have “hit walls” whereas investigating the Adani group’s transactions and burdened the need for a joint parliamentary committee probe to unravel the fact inside the matter.

    The Congress’ assertion comes after a report by the Supreme Court-appointed skilled committee talked about it has found no proof of stock price manipulation in Adani group firms, whereas a separate SEBI probe into alleged violation in money flows from offshore entities has “drawn a blank.”

    Taking to Twitter, Congress primary secretary Jairam Ramesh tagged a media report which claimed that the Registrar of Companies (Gujarat), in a ruling earlier this month, has held that Adani Power and its officers had violated provisions of the Companies Act, 2013, by not reporting related-party contracts and transactions inside the register of contract.

    “As the Modani brigade desperately tries to spin the Supreme Court Expert Committee’s report as a ‘clean chit’ (it isn’t), more evidence emerges that Adani has engaged in multiple related-party transactions aimed at duping minority shareholders and unfairly enriching the promoters,” Ramesh talked about.

    “The Registrar of Companies in Gujarat recently ruled that Adani Power had violated the Companies Act, 2013, by hiding related-party contracts and transactions. It imposed penalties on Gautam Adani, Rajesh Adani and Vineet Jain,” he talked about.

    Meanwhile, the Supreme Court Committee and even SEBI have “hit walls” when investigating the Adani group’s transactions, Ramesh claimed.

    “This is why we need a JPC to unravel the Modani MegaScam,” he talked about.

    The Congress has been demanding a Joint Parliamentary Committee (JPC) probe into the allegations in the direction of the Adani Group. The Adani Group has dismissed the allegations as baseless.

    NEW DELHI: The Congress on Monday alleged that the Supreme Court-appointed skilled committee and the SEBI have “hit walls” whereas investigating the Adani group’s transactions and burdened the need for a joint parliamentary committee probe to unravel the fact inside the matter.

    The Congress’ assertion comes after a report by the Supreme Court-appointed skilled committee talked about it has found no proof of stock price manipulation in Adani group firms, whereas a separate SEBI probe into alleged violation in money flows from offshore entities has “drawn a blank.”

    Taking to Twitter, Congress primary secretary Jairam Ramesh tagged a media report which claimed that the Registrar of Companies (Gujarat), in a ruling earlier this month, has held that Adani Power and its officers had violated provisions of the Companies Act, 2013, by not reporting related-party contracts and transactions inside the register of contract.googletag.cmd.push(carry out() googletag.present(‘div-gpt-ad-8052921-2’); );

    “As the Modani brigade desperately tries to spin the Supreme Court Expert Committee’s report as a ‘clean chit’ (it isn’t), more evidence emerges that Adani has engaged in multiple related-party transactions aimed at duping minority shareholders and unfairly enriching the promoters,” Ramesh talked about.

    “The Registrar of Companies in Gujarat recently ruled that Adani Power had violated the Companies Act, 2013, by hiding related-party contracts and transactions. It imposed penalties on Gautam Adani, Rajesh Adani and Vineet Jain,” he talked about.

    Meanwhile, the Supreme Court Committee and even SEBI have “hit walls” when investigating the Adani group’s transactions, Ramesh claimed.

    “This is why we need a JPC to unravel the Modani MegaScam,” he talked about.

    The Congress has been demanding a Joint Parliamentary Committee (JPC) probe into the allegations in the direction of the Adani Group. The Adani Group has dismissed the allegations as baseless.

  • Rumours, speculation grip NCP | Making a Pawar degree

    Top NCP leaders deny any realignment with the BJP, nonetheless their newest strikes counsel they’re retaining their selections open in case of a political exigency

    ISSUE DATE: May 1, 2023 | UPDATED: Apr 21, 2023 18:36 IST

    In June 2022, Shiv Sena chief Eknath Shinde, who was town enchancment minister throughout the Maharashtra Vikas Aghadi (MVA) authorities led by his get collectively president Uddhav Thackeray, sprung a shock by strolling out with 39 totally different Sena legislators. He later grew to change into the chief minister in a coalition authorities with the BJP. Ten months later, there’s speculation whether or not or not the Sharad Pawar-led Nationalist Congress Party (NCP), which is part of the MVA’s rainbow coalition, may even see one different ‘Shinde’ emerge from its ranks.

    Published By:

    Arindam Mukherjee

    Published On:

    Apr 21, 2023

  • Have requested for correct lack of life toll in Kharghar sunstroke incident by means of RTI: Ajit Pawar

    By PTI

    PUNE: Nationalist Congress Party chief Ajit Pawar on Friday reiterated his demand for a judicial inquiry into the deaths of people all through or after the Maharashtra Bhushan award ceremony and acknowledged they’re trying to find particulars in regards to the incident, along with the “actual” number of fatalities, by way of the Right to Information Act.

    Addressing a press conference proper right here, Pawar moreover responded to a query on Thursday’s meeting between industrialist Gautam Adani and NCP chief Sharad Pawar, saying the two know each other and there could also be nothing fallacious if two such people meet.

    He acknowledged he had no thought regarding the motive behind the meeting.

    At least 14 people, along with 10 girls, died after affected by sunstroke in the middle of the government-sponsored Maharashtra Bhushan award event at Kharghar neighbouring Mumbai on Sunday.

    Ajit Pawar acknowledged he has written to Governor Ramesh Bais urging him to impress a judicial probe.

    “We have not yet received the correct numbers (death toll). We know the numbers announced by the state government. There are people who are talking about reasons like sunstroke, lack of food, etc. in a hush-hush manner,” he acknowledged.

    The NCP chief acknowledged post-mortem of the victims has been achieved and he has sought the details by way of RTI. “Some people say that there is a discrepancy in the numbers given by the state government. Some are claiming a higher toll but I don’t want to say anything about it. During COVID, we had decided that we will not hide the actual numbers,” he acknowledged.

    Shiv Sena (UBT) chief Sanjay Raut on Thursday claimed that fifty to 75 people have died due to the Kharghar event and accused the federal authorities of hiding precise figures.

    Stressing his demand for the judicial probe, Pawar acknowledged some visuals have surfaced the place people is likely to be seen screaming and there is no place to maneuver, whereas in only a few others, air-conditioners are being put in. “Again, I’ve no idea whether these visuals are from the (Kharghar) programme. It is a part of the investigation. We have not yet known exactly how many people died,” he acknowledged.

    Since the federal authorities organised the event, it turns into their obligation, asserted Pawar.

    ALSO READ | Navi Mumbai the place 13 people died due to sunstroke has no IMD observatory

    Social worker Appasaheb Dharmadhikari was given the state’s highest award, Maharashtra Bhushan, by the fingers of Union Minister Amit Shah in the middle of the event in Kharghar. “The state government has formed a committee headed by an IAS officer. It should be probed why afternoon time was chosen for the event and why no ‘mandap’ was erected. These are serious issues,” he acknowledged.

    Chief Minister Eknath Shinde has appointed a one-member committee of Additional Chief Secretary (Revenue) Nitin Keer to probe the deaths of 14 people.

    Pawar acknowledged that data regarding the incident will come to the fore after a judicial probe. “If the probe is conducted by an official, there are chances of attempts to save other officials. Since it is a serious matter, I have sought a judicial probe,” he acknowledged.

    The NCP chief acknowledged they’ve sought to know how so much money was spent on the event. “Some are claiming Rs 13 crore, others saying Rs 14 crore but my take is that in the history of the Maharashtra Bhusan award functions, the expenses of this event were the highest,” he acknowledged.

    Asked if he’ll demand the resignation of the federal authorities, Pawar acknowledged he would first similar to the information to return again out by way of the judicial probe. To a question about Sanjay Raut giving “advice” no matter his apparent dig, Pawar’s response was: “Who is Sanjay Raut?” He then acknowledged, “I had not taken anyone’s name. I had spoken about our party and ourselves,” he acknowledged.

    खारघर येथे ‘महाराष्ट्र भूषण’ पुरस्कार वितरण कार्यक्रमावेळी झालेल्या दुर्घटनेत १४ निष्पाप अनुयायांचा मृत्यू झाला तर अनेक जण बाधित झाले. या घटनेमागचे सत्य बाहेर येण्यासाठी याची निवृत्त न्यायाधिशांमार्फत चौकशी करण्याची मागणी पत्राद्वारे महामहीम राज्यपाल श्री रमेश बैस यांना केली आहे. pic.twitter.com/81uZvM7wyO

    — Ajit Pawar (@AjitPawarSpeaks) April 20, 2023

    Amid speculations that he and a gaggle of MLAs loyal to him may align with the BJP, Pawar currently acknowledged that leaders of various occasions have been behaving like spokespersons of the NCP.

    On a question on industrialist Gautam Adani meeting NCP chief Sharad Pawar on Thursday, Ajit Pawar acknowledged he was not acutely aware of the rationale. “If some allegations are levelled against any person, that person meets political luminaries to present his side, but here I do not know why the meeting took place,” he acknowledged.

    Pawar moreover acknowledged that not one of many allegations in direction of Adani has been proved however and that Supreme Court has organize a committee to look into the matter.

    US short-seller Hindenburg has alleged stock manipulation and accounting fraud in companies belonging to billionaire Adani.

    He moreover acknowledged that everyone is conscious of that Adani and his uncle Sharad Pawar know each other. There is nothing fallacious if such people meet, he added.

    On the Maratha Reservation analysis petition being rejected by the Supreme Court, Pawar acknowledged that every one the stakeholders, along with Opposition occasions, must be taken into confidence and a solution be chalked out.

    ALSO READ | I solely take heed to Sharad Pawar: Sanjay Raut after Ajit Pawar slams him

    PUNE: Nationalist Congress Party chief Ajit Pawar on Friday reiterated his demand for a judicial inquiry into the deaths of people all through or after the Maharashtra Bhushan award ceremony and acknowledged they’re trying to find particulars in regards to the incident, along with the “actual” number of fatalities, by way of the Right to Information Act.

    Addressing a press conference proper right here, Pawar moreover responded to a query on Thursday’s meeting between industrialist Gautam Adani and NCP chief Sharad Pawar, saying the two know each other and there could also be nothing fallacious if two such people meet.

    He acknowledged he had no thought regarding the motive behind the meeting.googletag.cmd.push(function() googletag.present(‘div-gpt-ad-8052921-2’); );

    At least 14 people, along with 10 girls, died after affected by sunstroke in the middle of the government-sponsored Maharashtra Bhushan award event at Kharghar neighbouring Mumbai on Sunday.

    Ajit Pawar acknowledged he has written to Governor Ramesh Bais urging him to impress a judicial probe.

    “We have not yet received the correct numbers (death toll). We know the numbers announced by the state government. There are people who are talking about reasons like sunstroke, lack of food, etc. in a hush-hush manner,” he acknowledged.

    The NCP chief acknowledged post-mortem of the victims has been achieved and he has sought the details by way of RTI. “Some people say that there is a discrepancy in the numbers given by the state government. Some are claiming a higher toll but I don’t want to say anything about it. During COVID, we had decided that we will not hide the actual numbers,” he acknowledged.

    Shiv Sena (UBT) chief Sanjay Raut on Thursday claimed that fifty to 75 people have died due to the Kharghar event and accused the federal authorities of hiding precise figures.

    Stressing his demand for the judicial probe, Pawar acknowledged some visuals have surfaced the place people is likely to be seen screaming and there is no place to maneuver, whereas in only a few others, air-conditioners are being put in. “Again, I’ve no idea whether these visuals are from the (Kharghar) programme. It is a part of the investigation. We have not yet known exactly how many people died,” he acknowledged.

    Since the federal authorities organised the event, it turns into their obligation, asserted Pawar.

    ALSO READ | Navi Mumbai the place 13 people died due to sunstroke has no IMD observatory

    Social worker Appasaheb Dharmadhikari was given the state’s highest award, Maharashtra Bhushan, by the fingers of Union Minister Amit Shah in the middle of the event in Kharghar. “The state government has formed a committee headed by an IAS officer. It should be probed why afternoon time was chosen for the event and why no ‘mandap’ was erected. These are serious issues,” he acknowledged.

    Chief Minister Eknath Shinde has appointed a one-member committee of Additional Chief Secretary (Revenue) Nitin Keer to probe the deaths of 14 people.

    Pawar acknowledged that data regarding the incident will come to the fore after a judicial probe. “If the probe is conducted by an official, there are chances of attempts to save other officials. Since it is a serious matter, I have sought a judicial probe,” he acknowledged.

    The NCP chief acknowledged they’ve sought to know how so much money was spent on the event. “Some are claiming Rs 13 crore, others saying Rs 14 crore but my take is that in the history of the Maharashtra Bhusan award functions, the expenses of this event were the highest,” he acknowledged.

    Asked if he’ll demand the resignation of the federal authorities, Pawar acknowledged he would first similar to the information to return again out by way of the judicial probe. To a question about Sanjay Raut giving “advice” no matter his apparent dig, Pawar’s response was: “Who is Sanjay Raut?” He then acknowledged, “I had not taken anyone’s name. I had spoken about our party and ourselves,” he acknowledged.

    खारघर येथे ‘महाराष्ट्र भूषण’ पुरस्कार वितरण कार्यक्रमावेळी झालेल्या दुर्घटनेत १४ निष्पाप अनुयायांचा मृत्यू झाला तर अनेक जण बाधित झाले. या घटनेमागचे सत्य बाहेर येण्यासाठी याची निवृत्त न्यायाधिशांमार्फत चौकशी करण्याची मागणी पत्राद्वारे महामहीम राज्यपाल श्री रमेश बैस यांना केली आहे. pic.twitter.com/81uZvM7wyO
    — Ajit Pawar (@AjitPawarSpeaks) April 20, 2023
    Amid speculations that he and a gaggle of MLAs loyal to him may align with the BJP, Pawar currently acknowledged that leaders of various occasions have been behaving like spokespersons of the NCP.

    On a question on industrialist Gautam Adani meeting NCP chief Sharad Pawar on Thursday, Ajit Pawar acknowledged he was not acutely aware of the rationale. “If some allegations are levelled against any person, that person meets political luminaries to present his side, but here I do not know why the meeting took place,” he acknowledged.

    Pawar moreover acknowledged that not one of many allegations in direction of Adani has been proved however and that Supreme Court has organize a committee to look into the matter.

    US short-seller Hindenburg has alleged stock manipulation and accounting fraud in companies belonging to billionaire Adani.

    He moreover acknowledged that everyone is conscious of that Adani and his uncle Sharad Pawar know each other. There is nothing fallacious if such people meet, he added.

    On the Maratha Reservation analysis petition being rejected by the Supreme Court, Pawar acknowledged that every one the stakeholders, along with Opposition occasions, must be taken into confidence and a solution be chalked out.

    ALSO READ | I solely take heed to Sharad Pawar: Sanjay Raut after Ajit Pawar slams him

  • Congress not scared by BJP’s ‘intimidation and nastiness’, fairly uncover it ‘amusing’: Rahul Gandhi  

    By PTI

    WAYANAD: Congress chief Rahul Gandhi on Tuesday launched a no-holds-barred assault on the BJP saying he was not scared or intimidated by the saffron event’s strategies of taking away his MP “tag” or his official residence as a result of the additional the ruling dispensation assaults him, the additional he’s conscious of he is on the becoming path.

    The Gandhi scion lashed out on the BJP over the “attacks” on him, saying that he was disqualified from the Lok Sabha as “the government was very uncomfortable” with the “simple questions” he had requested regarding businessman Gautam Adani and his alleged relationship with Prime Minister Narendra Modi.

    Gandhi, who arrived in Kalpetta house of this border district of Kerala for the first time after his disqualification as a result of the MP from Wayanad, acknowledged the Congress was not scared by the “intimidation, aggression and nastiness” of the BJP, nevertheless fairly found it “amusing”.

    “It is a fight between two visions of India. The BJP represents one vision and we represent another and we (Congress) are not scared of your (BJP) intimidation, your aggression, your nastiness. In fact, we find it quite amusing,” the Gandhi scion acknowledged at a roadshow organised by UDF.

    His arrival, alongside collectively along with his sister Priyanka Gandhi Vadra, in Kalpetta acquired a rousing welcome from lots of of people, along with UDF leaders, workers and supporters, who thronged the roadside alongside the route taken by him, atop a truck, to the venue of the roadshow often called ‘Satyameva Jayate’.

    Speaking on the venue sooner than a crowd the place lots of had been gathered, Gandhi acknowledged a Member of Parliament was solely a “tag” or a submit and taking that away from him shouldn’t be going to scare or intimidate him nor wouldn’t it not stop him from representing the people of Wayanad.

    “Member of Parliament is a tag. It is a submit. So, the BJP can take away the tag, the submit, the house and they also might even jail me, nevertheless they can not stop me from representing the people of Wayanad.

    “I am surprised that even after so many years, the BJP has not understood its opponent. They do not understand that their opponent will not get intimidated. They think I will get scared by sending police to my house or that I will be disturbed if my house is taken away,” he acknowledged.

    It may even not stop him from asking questions or elevating issues with the people of Wayanad and India, he acknowledged.

    Regarding the central authorities order asking him to vacate his official residence, Gandhi acknowledged his sister, who spoke sooner than him on the event, did not level out that “I was actually happy they took away my house” as he was not critical about staying there.

    The Congress chief acknowledged he realized from the people of Wayanad, a number of of whom misplaced their homes in floods inside the state, that “take away my home 50 times, I will continue to raise the issues of the public of Wayanad and India”.

    Gandhi acknowledged he’s conscious of that what he is doing is true and that he is on the correct path as a result of 24-hour-long assaults on him by the BJP.

    “I have to tell you how I know what I am doing is correct. I know that if the BJP is taking away my house, disqualifying me from Parliament, attacking me 24 hours, I am doing the right thing. The more they attack me, the more I know that this is exactly the path on which I have to walk,” he acknowledged together with that he would not stop, “no matter what happens”.

    The function for the assaults on him by the BJP was because of he requested some “simple questions” in Parliament regarding the relationship between PM Modi and Adani.

    “After all, what did I do? I went to Parliament and requested the Prime Minister some questions on a businessman. I merely requested him — Mr Narendra Modi, please make clear your relationship with Mr Gautam Adani.

    “I kept asking that simple question. In my speech in Parliament, I used media reports to show that Adani, who was 609th in the list of wealthiest people in the world, became number 2. I gave examples of how the Prime Minister himself facilitated this growth,” Gandhi acknowledged.

    The former Congress president alleged that he confirmed how the defence relationship between Israel and India was reworked, pointers of Indian airports had been modified and Indian worldwide protection was used — all to help Adani.

    “I asked a simple question on the relationship the PM has with Adani. The PM has not answered this question so far and for the first time, you saw how the government itself was not letting the Parliament run,” he contended.

    Gandhi extra alleged that BJP ministers lied about him in Parliament, nevertheless he was not allowed to answer to the an identical as permitted beneath the ideas.

    When he wrote to the Lok Sabha Speaker regarding the an identical and trying to find his permission to speak inside the House in response to the allegations, Speaker Om Birla acknowledged he had no different, Gandhi claimed.

    “So the whole Parliament house was shut, I was not allowed to reply after which on the end of it, because of the federal authorities was very uncomfortable in regards to the type of questions I requested and regarding the factors I raised, I was away from the Parliament.

    “Doesn’t matter. This (disqualification) is the biggest gift they could have given me,” he acknowledged.

    He assured the people of Wayanad that his disqualification does not indicate that his relationship with the people there, no matter whether or not or not they help Kerala’s ruling LDF or state opposition UDF, would change.

    It shouldn’t be going to positioned on preserve the various duties, like use of roads at night, or dampen factors identical to the buffer zone inside the district, he acknowledged.

    “Even if I am not an MP, I will make sure these things happen in Wayanad,” he acknowledged.

    “In the end, I would like to repeat that my disqualification does not mean anything as far as my relationship with you (people of Wayanad) is concerned. I promise you this disqualification will only deepen my relationship with you,” he acknowledged on the conclusion of his speech.

    Gandhi was disqualified as a result of the MP from Wayanad closing month after being convicted and sentenced in a felony defamation case.

    WAYANAD: Congress chief Rahul Gandhi on Tuesday launched a no-holds-barred assault on the BJP saying he was not scared or intimidated by the saffron event’s strategies of taking away his MP “tag” or his official residence as a result of the additional the ruling dispensation assaults him, the additional he’s conscious of he is on the becoming path.

    The Gandhi scion lashed out on the BJP over the “attacks” on him, saying that he was disqualified from the Lok Sabha as “the government was very uncomfortable” with the “simple questions” he had requested regarding businessman Gautam Adani and his alleged relationship with Prime Minister Narendra Modi.

    Gandhi, who arrived in Kalpetta house of this border district of Kerala for the first time after his disqualification as a result of the MP from Wayanad, acknowledged the Congress was not scared by the “intimidation, aggression and nastiness” of the BJP, nevertheless fairly found it “amusing”.googletag.cmd.push(carry out() googletag.present(‘div-gpt-ad-8052921-2’); );

    “It is a fight between two visions of India. The BJP represents one vision and we represent another and we (Congress) are not scared of your (BJP) intimidation, your aggression, your nastiness. In fact, we find it quite amusing,” the Gandhi scion acknowledged at a roadshow organised by UDF.

    His arrival, alongside collectively along with his sister Priyanka Gandhi Vadra, in Kalpetta acquired a rousing welcome from lots of of people, along with UDF leaders, workers and supporters, who thronged the roadside alongside the route taken by him, atop a truck, to the venue of the roadshow often called ‘Satyameva Jayate’.

    Speaking on the venue sooner than a crowd the place lots of had been gathered, Gandhi acknowledged a Member of Parliament was solely a “tag” or a submit and taking that away from him shouldn’t be going to scare or intimidate him nor wouldn’t it not stop him from representing the people of Wayanad.

    “Member of Parliament is a tag. It is a submit. So, the BJP can take away the tag, the submit, the house and they also might even jail me, nevertheless they can not stop me from representing the people of Wayanad.

    “I am surprised that even after so many years, the BJP has not understood its opponent. They do not understand that their opponent will not get intimidated. They think I will get scared by sending police to my house or that I will be disturbed if my house is taken away,” he acknowledged.

    It may even not stop him from asking questions or elevating issues with the people of Wayanad and India, he acknowledged.

    Regarding the central authorities order asking him to vacate his official residence, Gandhi acknowledged his sister, who spoke sooner than him on the event, did not level out that “I was actually happy they took away my house” as he was not critical about staying there.

    The Congress chief acknowledged he realized from the people of Wayanad, a number of of whom misplaced their homes in floods inside the state, that “take away my home 50 times, I will continue to raise the issues of the public of Wayanad and India”.

    Gandhi acknowledged he’s conscious of that what he is doing is true and that he is on the correct path as a result of 24-hour-long assaults on him by the BJP.

    “I have to tell you how I know what I am doing is correct. I know that if the BJP is taking away my house, disqualifying me from Parliament, attacking me 24 hours, I am doing the right thing. The more they attack me, the more I know that this is exactly the path on which I have to walk,” he acknowledged together with that he would not stop, “no matter what happens”.

    The function for the assaults on him by the BJP was because of he requested some “simple questions” in Parliament regarding the relationship between PM Modi and Adani.

    “After all, what did I do? I went to Parliament and requested the Prime Minister some questions on a businessman. I merely requested him — Mr Narendra Modi, please make clear your relationship with Mr Gautam Adani.

    “I kept asking that simple question. In my speech in Parliament, I used media reports to show that Adani, who was 609th in the list of wealthiest people in the world, became number 2. I gave examples of how the Prime Minister himself facilitated this growth,” Gandhi acknowledged.

    The former Congress president alleged that he confirmed how the defence relationship between Israel and India was reworked, pointers of Indian airports had been modified and Indian worldwide protection was used — all to help Adani.

    “I asked a simple question on the relationship the PM has with Adani. The PM has not answered this question so far and for the first time, you saw how the government itself was not letting the Parliament run,” he contended.

    Gandhi extra alleged that BJP ministers lied about him in Parliament, nevertheless he was not allowed to answer to the an identical as permitted beneath the ideas.

    When he wrote to the Lok Sabha Speaker regarding the an identical and trying to find his permission to speak inside the House in response to the allegations, Speaker Om Birla acknowledged he had no different, Gandhi claimed.

    “So the whole Parliament house was shut, I was not allowed to reply after which on the end of it, because of the federal authorities was very uncomfortable in regards to the type of questions I requested and regarding the factors I raised, I was away from the Parliament.

    “Doesn’t matter. This (disqualification) is the biggest gift they could have given me,” he acknowledged.

    He assured the people of Wayanad that his disqualification does not indicate that his relationship with the people there, no matter whether or not or not they help Kerala’s ruling LDF or state opposition UDF, would change.

    It shouldn’t be going to positioned on preserve the various duties, like use of roads at night, or dampen factors identical to the buffer zone inside the district, he acknowledged.

    “Even if I am not an MP, I will make sure these things happen in Wayanad,” he acknowledged.

    “In the end, I would like to repeat that my disqualification does not mean anything as far as my relationship with you (people of Wayanad) is concerned. I promise you this disqualification will only deepen my relationship with you,” he acknowledged on the conclusion of his speech.

    Gandhi was disqualified as a result of the MP from Wayanad closing month after being convicted and sentenced in a felony defamation case.

  • JPC solely solution to comprehensively probe Adani concern: Congress

    By PTI

    NEW DELHI: The Congress Wednesday asserted that the one solution to comprehensively examine the Adani concern is thru a Joint Parliamentary Committee (JPC) and claimed that the Supreme Court-appointed skilled committee can be a “clean chit” panel for the federal government.

    Congress basic secretary Jairam Ramesh claimed the federal government desires the demand for JPC to be taken again and in return, it could take again the demand for an apology over Rahul Gandhi’s remarks within the UK.

    He mentioned there was no query of an apology and the demand for JPC is non-negotiable.

    Addressing a press convention because the celebration’s complete questions requested below its ‘Hum Adani Ke Hain Kaun’ initiative reached the 100-mark, Ramesh mentioned the celebration has beforehand posed 99 inquiries to Prime Minister Narendra Modi since February 5 in reference to the Adani concern.

    “We conclude the series with a final question asking whether you will act in national interest using the vast army of investigative agencies at your disposal,” Ramesh mentioned.

    The Supreme Court-appointed Expert Committee appointed on March 2, sadly, lacks formal jurisdiction over these companies, he claimed.

    “You have never hesitated to deploy them against the opposition, civil society and independent businesses. We now appeal to you, with some irony, to use them as they are intended, to investigate the most brazen case of corruption and cronyism the country has witnessed since 1947,” Ramesh alleged.

    “While we pray that the Supreme Court’s Expert Committee produces a fair and thorough investigation of the ‘Adani Scam’, we note that it lacks jurisdiction over the investigative agencies mentioned above and that its scope does not include examining cronyism and your political interference in governance aimed at ‘enriching’ your friends,” he mentioned.

    The reply is clearly a JPC to look at all related points of this rip-off, as each Indian National Congress and the Bharatiya Janata Party-led governments have up to now agreed to analyze main instances of inventory market manipulation, he asserted.

    READ MORE:

    ‘We need JPC’: Opposition leaders protest in Parliament advanced over Adani concern

    Govt not letting Parliament run to keep away from Adani concern: Congress chief Kharge

    NEW DELHI: The Congress Wednesday asserted that the one solution to comprehensively examine the Adani concern is thru a Joint Parliamentary Committee (JPC) and claimed that the Supreme Court-appointed skilled committee can be a “clean chit” panel for the federal government.

    Congress basic secretary Jairam Ramesh claimed the federal government desires the demand for JPC to be taken again and in return, it could take again the demand for an apology over Rahul Gandhi’s remarks within the UK.

    He mentioned there was no query of an apology and the demand for JPC is non-negotiable.googletag.cmd.push(operate() googletag.show(‘div-gpt-ad-8052921-2’); );

    Addressing a press convention because the celebration’s complete questions requested below its ‘Hum Adani Ke Hain Kaun’ initiative reached the 100-mark, Ramesh mentioned the celebration has beforehand posed 99 inquiries to Prime Minister Narendra Modi since February 5 in reference to the Adani concern.

    “We conclude the series with a final question asking whether you will act in national interest using the vast army of investigative agencies at your disposal,” Ramesh mentioned.

    The Supreme Court-appointed Expert Committee appointed on March 2, sadly, lacks formal jurisdiction over these companies, he claimed.

    “You have never hesitated to deploy them against the opposition, civil society and independent businesses. We now appeal to you, with some irony, to use them as they are intended, to investigate the most brazen case of corruption and cronyism the country has witnessed since 1947,” Ramesh alleged.

    “While we pray that the Supreme Court’s Expert Committee produces a fair and thorough investigation of the ‘Adani Scam’, we note that it lacks jurisdiction over the investigative agencies mentioned above and that its scope does not include examining cronyism and your political interference in governance aimed at ‘enriching’ your friends,” he mentioned.

    The reply is clearly a JPC to look at all related points of this rip-off, as each Indian National Congress and the Bharatiya Janata Party-led governments have up to now agreed to analyze main instances of inventory market manipulation, he asserted.

    READ MORE:

    ‘We need JPC’: Opposition leaders protest in Parliament advanced over Adani concern

    Govt not letting Parliament run to keep away from Adani concern: Congress chief Kharge

  • Congress accuses Centre of ‘foisting’ Adani Group on Sri Lanka

    By PTI

    NEW DELHI: The Congress accused the Centre on Sunday of “lobbying” in favour of the Adani Group for tasks in Sri Lanka and “foisting” the enterprise conglomerate on the essential neighbour of India.

    The opposition celebration has been persistent with its assault on the federal government, weeks after Adani Group shares took a beating on the bourses within the wake of US-based brief vendor Hindenburg Research making a litany of allegations, together with fraudulent transactions and share-price manipulation, on the conglomerate headed by industrialist Gautam Adani.

    The Adani Group has dismissed the costs as lies, saying it complies with all legal guidelines and disclosure necessities.

    ALSO READ | Vinod Adani working shell firms in ‘collusion with Chinese nationals’: Congress

    Posing a set of three inquiries to Prime Minister Narendra Modi as a part of the celebration’s “Hum Adani ke Hain Kaun” sequence, Congress normal secretary Jairam Ramesh mentioned that they had beforehand requested Modi on his “apparent haste” to “enrich the Adani Group at the expense of Bangladesh and now, want answers on how he has been “foisting” the enterprise group on one other essential neighbour, Sri Lanka.

    “Parliament resumes on March 13. We are preparing for our interventions to be expunged. But what cannot be erased out is ‘Hum Adani ke Hain Kaun’-26 bringing the total of direct questions of the PM so far to 78,” Ramesh tweeted.

    13 मार्च को संसद फिर शुरू होगी।हम जनहित के सवाल पूछना जारी रखेंगे।हो सकता है उन्हें भी रिकॉर्ड से हटा दिया जाए,लेकिन जिन्हें हटाया या मिटाया नहीं जा सकता,वो हैं “HAHK-हम अडानी के हैं कौन” श्रृंखला के तहत PM से पूछे गए सवाल,जिनकी संख्या 78 हो गई है।

    चुप्पी तोड़िए प्रधानमंत्री जी। pic.twitter.com/OpUdWiXciM

    — Jairam Ramesh (@Jairam_Ramesh) March 10, 2023

    He mentioned the governments of India, Japan and Sri Lanka (then headed by Prime Minister Ranil Wickremesinghe) signed a memorandum on May 28, 2019 to develop the East Container Terminal within the Colombo South port.

    A 12 months later, on June 9, 2020, the Sri Lankan cabinet headed by Prime Minister Mahinda Rajapaksa introduced that India had “selected” Adani Ports as its international terminal operator, Ramesh mentioned.

    He added that following the surprising cancellation of the deal, the Rajapaksa authorities as a substitute supplied Colombo’s West Container Terminal to India and Japan beneath a 35-year construct, function and switch lease, which was finalised on September 30, 2021.

    “A Sri Lankan cabinet spokesperson said that India had ‘nominated’ Adani Ports as the partner. Sri Lankan Foreign Minister Ali Sabry described it as a ‘government-to-government’ port project in a 5 March 2023 interview. On what basis did you ‘select’ and ‘nominate’ Adani Ports for this government-to-government deal?” Ramesh requested in his assertion addressed to Modi.

    “Did any other Indian firms have the opportunity to consider investing or did you simply reserve the deal for your close friends?” he requested.

    The Atal Bihari Vajpayee authorities’s 2002 resolution to not put money into the strategic Hambantota port cleared the trail for Chinese companies to enter Sri Lanka’s ports sector, he alleged.

    ALSO READ | Govt desires to ‘hand over’ India’s meals grain logistics to Adani Group, alleges Congress

    Ramesh mentioned India’s funding in Colombo is partly pushed by the necessity to counter China’s enlargement within the speedy neighbourhood. “However, as we pointed out on March 3, 2023, the Adani Group has disturbing connections with Chinese nationals such as the Adani family confidant Chang Chung-Ling (aka Lingo-Chang) who has been involved, among other things, in violating UN sanctions against China and Pakistan’s ally North Korea,” he mentioned.

    Are these connections undeserving of investigation by “ordinarily hyperactive investigative agencies”, the previous Union minister requested.

    He accused the prime minister of indulging in “hectic lobbying for his cronies”, together with for a 500-megawatt wind energy venture in Sri Lanka’s Mannar district. “The former head of the Ceylon Electricity Board, MMC Ferdinando, testified on June 10, 2022 before the Parliament of Sri Lanka that on October 24, 2021, ‘the President (Gotabaya Rajapaksa) summoned me after a meeting and said that India’s Prime Minister Modi is pressuring him to hand over the project to the Adani Group’,” the Congress chief alleged.

    Although he retracted the feedback beneath strain, Ferdinando’s remarks had fully uncovered the nexus of crony capitalism, he mentioned.

    “Are you under the impression that your main job is to secure contracts for your friend Gautam Adani, in India and outside, rather than work for the people of India?” Ramesh requested the prime minister and urged him to interrupt his “silence” on the problem.

    OPINION | Hindenburg impact on the way forward for Adani shares: Part I

    OPINION | Hindenburg impact on way forward for Adani Businesses: Part II

    NEW DELHI: The Congress accused the Centre on Sunday of “lobbying” in favour of the Adani Group for tasks in Sri Lanka and “foisting” the enterprise conglomerate on the essential neighbour of India.

    The opposition celebration has been persistent with its assault on the federal government, weeks after Adani Group shares took a beating on the bourses within the wake of US-based brief vendor Hindenburg Research making a litany of allegations, together with fraudulent transactions and share-price manipulation, on the conglomerate headed by industrialist Gautam Adani.

    The Adani Group has dismissed the costs as lies, saying it complies with all legal guidelines and disclosure necessities.googletag.cmd.push(operate() googletag.show(‘div-gpt-ad-8052921-2’); );

    ALSO READ | Vinod Adani working shell firms in ‘collusion with Chinese nationals’: Congress

    Posing a set of three inquiries to Prime Minister Narendra Modi as a part of the celebration’s “Hum Adani ke Hain Kaun” sequence, Congress normal secretary Jairam Ramesh mentioned that they had beforehand requested Modi on his “apparent haste” to “enrich the Adani Group at the expense of Bangladesh and now, want answers on how he has been “foisting” the enterprise group on one other essential neighbour, Sri Lanka.

    “Parliament resumes on March 13. We are preparing for our interventions to be expunged. But what cannot be erased out is ‘Hum Adani ke Hain Kaun’-26 bringing the total of direct questions of the PM so far to 78,” Ramesh tweeted.

    13 मार्च को संसद फिर शुरू होगी।हम जनहित के सवाल पूछना जारी रखेंगे।हो सकता है उन्हें भी रिकॉर्ड से हटा दिया जाए,लेकिन जिन्हें हटाया या मिटाया नहीं जा सकता,वो हैं “HAHK-हम अडानी के हैं कौन” श्रृंखला के तहत PM से पूछे गए सवाल,जिनकी संख्या 78 हो गई है।
    चुप्पी तोड़िए प्रधानमंत्री जी। pic.twitter.com/OpUdWiXciM
    — Jairam Ramesh (@Jairam_Ramesh) March 10, 2023
    He mentioned the governments of India, Japan and Sri Lanka (then headed by Prime Minister Ranil Wickremesinghe) signed a memorandum on May 28, 2019 to develop the East Container Terminal within the Colombo South port.

    A 12 months later, on June 9, 2020, the Sri Lankan cabinet headed by Prime Minister Mahinda Rajapaksa introduced that India had “selected” Adani Ports as its international terminal operator, Ramesh mentioned.

    He added that following the surprising cancellation of the deal, the Rajapaksa authorities as a substitute supplied Colombo’s West Container Terminal to India and Japan beneath a 35-year construct, function and switch lease, which was finalised on September 30, 2021.

    “A Sri Lankan cabinet spokesperson said that India had ‘nominated’ Adani Ports as the partner. Sri Lankan Foreign Minister Ali Sabry described it as a ‘government-to-government’ port project in a 5 March 2023 interview. On what basis did you ‘select’ and ‘nominate’ Adani Ports for this government-to-government deal?” Ramesh requested in his assertion addressed to Modi.

    “Did any other Indian firms have the opportunity to consider investing or did you simply reserve the deal for your close friends?” he requested.

    The Atal Bihari Vajpayee authorities’s 2002 resolution to not put money into the strategic Hambantota port cleared the trail for Chinese companies to enter Sri Lanka’s ports sector, he alleged.

    ALSO READ | Govt desires to ‘hand over’ India’s meals grain logistics to Adani Group, alleges Congress

    Ramesh mentioned India’s funding in Colombo is partly pushed by the necessity to counter China’s enlargement within the speedy neighbourhood. “However, as we pointed out on March 3, 2023, the Adani Group has disturbing connections with Chinese nationals such as the Adani family confidant Chang Chung-Ling (aka Lingo-Chang) who has been involved, among other things, in violating UN sanctions against China and Pakistan’s ally North Korea,” he mentioned.

    Are these connections undeserving of investigation by “ordinarily hyperactive investigative agencies”, the previous Union minister requested.

    He accused the prime minister of indulging in “hectic lobbying for his cronies”, together with for a 500-megawatt wind energy venture in Sri Lanka’s Mannar district. “The former head of the Ceylon Electricity Board, MMC Ferdinando, testified on June 10, 2022 before the Parliament of Sri Lanka that on October 24, 2021, ‘the President (Gotabaya Rajapaksa) summoned me after a meeting and said that India’s Prime Minister Modi is pressuring him to hand over the project to the Adani Group’,” the Congress chief alleged.

    Although he retracted the feedback beneath strain, Ferdinando’s remarks had fully uncovered the nexus of crony capitalism, he mentioned.

    “Are you under the impression that your main job is to secure contracts for your friend Gautam Adani, in India and outside, rather than work for the people of India?” Ramesh requested the prime minister and urged him to interrupt his “silence” on the problem.

    OPINION | Hindenburg impact on the way forward for Adani shares: Part I

    OPINION | Hindenburg impact on way forward for Adani Businesses: Part II

  • Govt needs to ‘hand over’ India’s meals grain logistics to Adani Group, alleges Congress

    By PTI

    NEW DELHI: The Congress alleged on Thursday that the federal government needs to “hand over” India’s meals grain logistics to the Adani Group and that such a “conspiracy” was solely briefly foiled by the farmers’ agitation that pressured the withdrawal of three farm legal guidelines.

    The Congress has been persistent on its assault on the federal government weeks after Adani Group shares took a beating on the bourses after US-based quick vendor Hindenburg Research made a litany of allegations, together with fraudulent transactions and share-price manipulation.

    The Gautam Adani-led group has dismissed the fees as lies, saying it complies with all legal guidelines and disclosure necessities.

    Posing a set of three inquiries to Prime Minister Narendra Modi as a part of the celebration’s “Hum Adani ke Hain Kaun” collection, Congress common secretary Jairam Ramesh stated Thursday’s questions associated to the “hard work” the Modi authorities had put into “handing over” India’s meals grain logistics to the Adani Group.

    आज PM उस स्टेडियम में,जिसका नाम उन्होंने अपने जीवन काल में ही अपने नाम पर करवा लिया है,वहां खुद को तरह-तरह से सम्मानित करवा रहे हैं।

    ऐसे में “HAHK – हम अडानी के हैं कौन” श्रृंखला का क्वार्टर सेंचुरी पूरा होना भी एक संयोग है।ये हैं आज के 3 सवाल।

    चुप्पी तोड़िए प्रधानमंत्री जी। pic.twitter.com/yRRF0Zqbn9

    — Jairam Ramesh (@Jairam_Ramesh) March 9, 2023

    “A lap of honour around the stadium he got named after himself in his own lifetime is a good occasion for heralding a quarter century of pointed questions with ‘Hum Adani ke Hain Kaun’,” Ramesh tweeted, referring to the presence of Prime Minister Modi and his Australian counterpart Anthony Albanese throughout a Test cricket match between India and Australia in Ahmedabad.

    He alleged that the “conspiracy” appears to have been solely briefly foiled by the farmers’ agitation of 2020-21 that pressured the federal government to withdraw the “black farm laws”.

    “The publication ‘AdaniWatch’ has reported that on October 13, 2022, the Supreme Court of India quashed a June 30, 2021 Gujarat High Court judgement that favoured Adani Ports and SEZ over the government-owned Central Warehousing Corporation (CWC), and said that the High Court judgement ‘is not sustainable in law’,” Ramesh claimed.

    The company was arrange in 1957 to help India’s meals storage wants and saved 55 lakh tonnes of meals grains in 2021-22, he stated.

    “The Supreme Court observed that the Ministry of Consumer Affairs, Food and Public Distribution had supported the CWC’s stand while the Ministry of Commerce and Industry had aided Adani’s bid to take control of two major CWC warehouses near Mundra port by not supporting the denotification of the warehouses as part of the Adani SEZ,” he claimed, citing the publication.

    “The judgement stated that ‘it does not augur well for the Union of India to speak in two contradictory voices’ and that ‘two departments of the Union of India cannot be permitted to take stands which are diagonally opposite’,” Ramesh stated.

    Why did the Ministry of Commerce and Industry, then headed by Nirmala Sitharaman, take a stand against a strategic public-sector company and in help of the prime minister’s “favourite business group”, Ramesh requested.

    “Would she have the courage to do so without clear directions from above?” he stated.

    “This Adani-inspired inter-ministerial battle was allowed to proceed even after Piyush Goyal turned Minister of Commerce and Industry (in May 2019) in addition to Minister of Consumer Affairs, Food and Public Distribution (in October 2020).

    If a minister thought-about near company pursuits doesn’t take the initiative to help a public-sector unit that he’s answerable for, is it not logical to imagine that he’s as an alternative supporting the Adani Group to construct a robust ‘electoral bond’ with it?” Ramesh stated.

    ALSO READ | Vinod Adani working shell corporations in ‘collusion with Chinese nationals’: Congress

    Ramesh alleged that the whole nation is aware of that the motivation behind the “ill-conceived” farm legal guidelines was to “hand over” India’s agricultural logistics to a couple “close corporate cronies” of the prime minister.

    “One of the biggest beneficiaries of the farm laws would have been Adani Agri Logistics which has become the major beneficiary of the Food Corporation of India’s silo contracts, the most recent award being one to set up 3.5 lakh metric tonnes of storage in Uttar Pradesh and Bihar,” he claimed.

    Meanwhile, Adani Farm-Pik was allowed to construct a near-monopoly on apple procurement in Himachal Pradesh, he alleged.

    Is India’s public sector, painstakingly constructed over the previous 70 years, now decreased to being a car for the enrichment of the prime minister’s “corporate friends”, he requested.

    Ramesh urged the prime minister to interrupt his “silence” on the problem.

    OPINION | Hindenburg impact on the way forward for Adani shares: Part I

    OPINION | Hindenburg impact on way forward for Adani Businesses: Part II

    NEW DELHI: The Congress alleged on Thursday that the federal government needs to “hand over” India’s meals grain logistics to the Adani Group and that such a “conspiracy” was solely briefly foiled by the farmers’ agitation that pressured the withdrawal of three farm legal guidelines.

    The Congress has been persistent on its assault on the federal government weeks after Adani Group shares took a beating on the bourses after US-based quick vendor Hindenburg Research made a litany of allegations, together with fraudulent transactions and share-price manipulation.

    The Gautam Adani-led group has dismissed the fees as lies, saying it complies with all legal guidelines and disclosure necessities.googletag.cmd.push(perform() googletag.show(‘div-gpt-ad-8052921-2’); );

    Posing a set of three inquiries to Prime Minister Narendra Modi as a part of the celebration’s “Hum Adani ke Hain Kaun” collection, Congress common secretary Jairam Ramesh stated Thursday’s questions associated to the “hard work” the Modi authorities had put into “handing over” India’s meals grain logistics to the Adani Group.

    आज PM उस स्टेडियम में,जिसका नाम उन्होंने अपने जीवन काल में ही अपने नाम पर करवा लिया है,वहां खुद को तरह-तरह से सम्मानित करवा रहे हैं।
    ऐसे में “HAHK – हम अडानी के हैं कौन” श्रृंखला का क्वार्टर सेंचुरी पूरा होना भी एक संयोग है।ये हैं आज के 3 सवाल।
    चुप्पी तोड़िए प्रधानमंत्री जी। pic.twitter.com/yRRF0Zqbn9
    — Jairam Ramesh (@Jairam_Ramesh) March 9, 2023
    “A lap of honour around the stadium he got named after himself in his own lifetime is a good occasion for heralding a quarter century of pointed questions with ‘Hum Adani ke Hain Kaun’,” Ramesh tweeted, referring to the presence of Prime Minister Modi and his Australian counterpart Anthony Albanese throughout a Test cricket match between India and Australia in Ahmedabad.

    He alleged that the “conspiracy” appears to have been solely briefly foiled by the farmers’ agitation of 2020-21 that pressured the federal government to withdraw the “black farm laws”.

    “The publication ‘AdaniWatch’ has reported that on October 13, 2022, the Supreme Court of India quashed a June 30, 2021 Gujarat High Court judgement that favoured Adani Ports and SEZ over the government-owned Central Warehousing Corporation (CWC), and said that the High Court judgement ‘is not sustainable in law’,” Ramesh claimed.

    The company was arrange in 1957 to help India’s meals storage wants and saved 55 lakh tonnes of meals grains in 2021-22, he stated.

    “The Supreme Court observed that the Ministry of Consumer Affairs, Food and Public Distribution had supported the CWC’s stand while the Ministry of Commerce and Industry had aided Adani’s bid to take control of two major CWC warehouses near Mundra port by not supporting the denotification of the warehouses as part of the Adani SEZ,” he claimed, citing the publication.

    “The judgement stated that ‘it does not augur well for the Union of India to speak in two contradictory voices’ and that ‘two departments of the Union of India cannot be permitted to take stands which are diagonally opposite’,” Ramesh stated.

    Why did the Ministry of Commerce and Industry, then headed by Nirmala Sitharaman, take a stand against a strategic public-sector company and in help of the prime minister’s “favourite business group”, Ramesh requested.

    “Would she have the courage to do so without clear directions from above?” he stated.

    “This Adani-inspired inter-ministerial battle was allowed to proceed even after Piyush Goyal turned Minister of Commerce and Industry (in May 2019) in addition to Minister of Consumer Affairs, Food and Public Distribution (in October 2020).

    If a minister thought-about near company pursuits doesn’t take the initiative to help a public-sector unit that he’s answerable for, is it not logical to imagine that he’s as an alternative supporting the Adani Group to construct a robust ‘electoral bond’ with it?” Ramesh stated.

    ALSO READ | Vinod Adani working shell corporations in ‘collusion with Chinese nationals’: Congress

    Ramesh alleged that the whole nation is aware of that the motivation behind the “ill-conceived” farm legal guidelines was to “hand over” India’s agricultural logistics to a couple “close corporate cronies” of the prime minister.

    “One of the biggest beneficiaries of the farm laws would have been Adani Agri Logistics which has become the major beneficiary of the Food Corporation of India’s silo contracts, the most recent award being one to set up 3.5 lakh metric tonnes of storage in Uttar Pradesh and Bihar,” he claimed.

    Meanwhile, Adani Farm-Pik was allowed to construct a near-monopoly on apple procurement in Himachal Pradesh, he alleged.

    Is India’s public sector, painstakingly constructed over the previous 70 years, now decreased to being a car for the enrichment of the prime minister’s “corporate friends”, he requested.

    Ramesh urged the prime minister to interrupt his “silence” on the problem.

    OPINION | Hindenburg impact on the way forward for Adani shares: Part I

    OPINION | Hindenburg impact on way forward for Adani Businesses: Part II