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In a setback to Gandhis, the Delhi High Court has summoned Congress president Sonia Gandhi and her son Rahul Gandhi in connection with <keyword id="2376868" type="UNKNOWN" weightage="20" keywordseo="National-Herald-case">National Herald case</keyword>. 
 
The high court refused to stay a summons order passed against them and has asked them to be present in a lower court on Tuesday. 
 
Judge Sunil Gaur also refused to grant the Gandhis exemption from appearance. 
 
BJP leader Subramanian Swamy, in his petition, has accused the Gandhis of grabbing the properties owned by National Herald by buying over its publishers through an outfit in which the Gandhis hold 86% stake. 
 
(Image: Indiatimes)

Sonia Gandhi, Rahul summoned to appear in lower court in National Herald case

Nearly 60,000 people want Reserve Bank of India (<keyword id="30067" type="ORGANIZATION" weightage="100" keywordseo="RBI">RBI</keyword>) Governor <keyword id="6358908" type="PERSON" weightage="100" keywordseo="Raghuram-Rajan">Raghuram Rajan</keyword> offered an extension, according to <keyword id="794843" type="COMPANY" weightage="100" keywordseo="Change-org">Change.org</keyword> , an online petition platform. 
 
This is perhaps for the first time in the RBI's history that a public petitioning is happening on whether the incumbent governor should be given a service extension. Rajan's term ends in September. 
 Rajesh Palaria's petition to Prime Minister <keyword id="6354477" type="PERSON" weightage="100" keywordseo="Narendra-Modi">Narendra Modi</keyword> that has garnered 58,262 supporters. In his petition, Palaria, as an Indian citizen drew Modi's attention to Rajan, saying he has been doing great job by balancing and maneuvering the Indian economy. 
 "I was recently noticing how Shri <keyword id="6370187" type="PERSON" weightage="100" keywordseo="Subramanian-Swamy">Subramanian Swamy</keyword> has been bullying and threatening him at large. I request all of my fellow citizens to sign this petition and seek Modi to depute Raghuram Rajan for second term as <keyword id="64190" type="POSITION" weightage="100" keywordseo="RBI-Governor">RBI Governor</keyword>. He is very crucial for India Growth Story now," Palaria said in his petition. 
 
As to the reason for starting the petition, Palaria said harsh words were spoken about Rajan with a strong hint of prejudice and malice which he did not approve of. 
 
"I had never in my wildest dreams thought of making this far, all I wanted was to calm down my nerve which was being disturbed by the bullying rhetoric; posting this petition was only to make myself complacent," he added. 
 
Echoing his thoughts, Deepak Venkateswaran, whose petition got 55 supporters, termed Rajan as a man way ahead of his time in thinking and knowledge. 
 
"His overhaul of the RBI and his boldness in taking decisions may it be to maintain the stability of the rupee; or stabilising the macro-economy of India is truly commendable," Venkateswaran said in his petition. 
 
There also were petitions against giving Rajan an extension but they gained very few supporters. 
 
In his petition that got 22 supporters, Ajay Paul Jagga said there should be no second term for Rajan as he holds a US green card. 
 
Residents of India, definitely feel as to why we can't find a single Indian resident for this job. It is will be a great and patriotic step if an Indian citizen and permanent resident is appointed as RBI Governor," he said. 
 
Arguing his case against Rajan's second term, Lokesh Rastogi whose petition garnered 16 supporters, asked how the economy would grow if RBI Governor didn't work at the same pace and direction as the government. 
 
What the country needs is a new governor with a positive approach towards the economy and growth of the country and with different and modern ideas. The old theory of economics that to control inflation reduce the availability of money and increase the interest rate now doesn't work," he said. 
 
"In a growing country to fight the inflation we need to increase production, create jobs and increase the income of people. Raghuram Rajan is a student of old school of thoughts and need to changed without delay. If there would have been a different governor the interest rate would have lower by atleast 1-2 per cent then the prevailing rates which would have resulted with a boom in the economy," he said in his petition. 
 
 
Image credit: Indiatimes

Nearly 66,000 people signed a petition that asks for RBI Governor Raghuram Rajan's second term

Upholding the Central Information Commission’s (<keyword id="6378909" type="COMPANY" weightage="20" keywordseo="CIC">CIC</keyword>) order, the <keyword id="6355014" type="ORGANIZATION" weightage="20" keywordseo="Delhi-High-Court">Delhi High Court</keyword> has dismissed a writ petition by <keyword id="6362997" type="CITY" weightage="20" keywordseo="DLF">DLF</keyword>’s subsidiary Edward Keventors Successors. The company had challenged CIC in which the commission had directed the company to disclose the details of a land in South block in Delhi that allegedly raises security threats to the Rashtrapati Bhawan. 
	 
	“In view of the aforesaid, the contention that the petitioner had not been granted an opportunity of hearing cannot be sustained. An opportunity of making oral submissions was granted to the petitioner in view of the unequivocal language of the notice issued on February 28, 2013, however the petitioner rested content by sending a response dated March 10, 2013. Thus, the provision of Section 19(4) of the RTI Act was duly complied with,” the court said in its order. 
	 
	The court further added, “I am also unable to accept the contention that the petitioner was prejudiced in any manner on account of non disclosure of the application preferred by respondent no.3. The petitioner was informed of that respondent number three had sought information relating to the property ‐Block‐ 48, Diplomatic Enclave, Sardar Patel Marg, New Delhi...Thus, the petitioner was aware of the information that was sought. It is clarified that no information relating to the petitioner other than that relating to the property in question is to be disclosed.” 
	 
	The court observed that since the commission had followed the law, hence, it was not necessary to review the ‘merits of the decision’ taken by CIC. The commission had given its final order on December 3, 2013 following a RTI application filed by activist Subhash Chandra Agarwal which had sought information on the said land. 
	 
	It should be noted that objections were raised against DLF’s subsidiary’s plans of constructing high-rise luxury apartments on that land as any private building close to the President’s house posed serious threats to the country’s sovereignty. 
	 
	“It is noteworthy that Subramanian Swamy in his letters addressed to President of India alleged involvement of UPA Chairperson Sonia Gandhi’s son-in-law Robert Vadra in the dubious land-deal highlighted in the RTI queries, said to have been the biggest ever land-scam in the country,” said Agarwal. 
	 
	“With petition of DLF subsidiary (Edward Keventors Successors) now dismissed, Union Ministry of Urban Development (MoUD) and any other concerned government-agency should review decision of allowing land-use change in earlier UPA-regime in the controversial matter where even intelligence-authorities and President Secretariat are learnt to have raised objections from security-aspect with land-project being in close vicinity of Rashtrapati Bhawan,” he added. 
	 
	Representational Image

Delhi High Court Upholds CIC’s Order, Rejects
Petition Filed by DLF’s Subsidiary

NEW DELHI: <keyword id="1583080" type="COMPANY" weightage="80" keywordseo="AirAsia-India">AirAsia India</keyword>, which plans to start operations sometime this year, knows it will have to fight hard with existing carriers for a piece of the market. Actually, the battle with rivals has already begun, even before <keyword id="82750" type="PERSON" weightage="40" keywordseo="Tony-Fernandes">Tony Fernandes</keyword>’s joint venture with the <keyword id="6360721" type="COMPANY" weightage="40" keywordseo="Tatas">Tatas</keyword> takes wing. The latest round is being fought in the Directorate General of Civil Aviation (DGCA), with the incumbents strenuously objecting to the grant of an air operator’s permit to AirAsia India and complaining that the new entrant will disrupt industry “equilibrium”. 
 Gurgaon-based low-cost carrier <keyword id="6354706" type="CITY" weightage="80" keywordseo="Indigo">IndiGo</keyword>, the country’s airline largest by <keyword id="34527" type="UNKNOWN" weightage="40" keywordseo="market-share">market share</keyword>, and the Federation of <keyword id="1446" type="CITY" weightage="40" keywordseo="indian-airlines">Indian Airlines</keyword> lobby group have both objected to AirAsia’s entry. The letters, reviewed by ET, were in response to a public notice from DGCA seeking objections and suggestions on granting the permit. A DGCA official told ET that the views would be taken into consideration and a decision arrived at “soon”. 
 
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IndiGo President Aditya Ghosh said the relaxation of foreign direct investment rules in September 2012 had not been aimed at helping set up new projects but was meant to act as a lifeline for loss-making airline companies laden with debt. 
 “IndiGo’s primary objection opposing the application of <keyword id="2069477" type="UNKNOWN" weightage="40" keywordseo="AirAsia-India-Private-Ltd">AirAsia India Private Ltd</keyword> for grant of licence to operate a new greenfield scheduled airline in India is based on the grounds that it is not permitted under the foreign direct investment policy as enunciated by the government,” the letter said. “The reason and rationale of the policy was to provide the opportunity for existing airlines to access muchneeded capital, improve the viability through expanding route networks and skills from international airlines,” it added. Both representations are identical except for some changes. 
 <keyword id="43642" type="ORGANIZATION" weightage="40" keywordseo="FIA">FIA</keyword>’s letter has been signed by the associate director of the lobby group, Ujjwal Dey. The association represents <keyword id="6358200" type="CITY" weightage="40" keywordseo="Jet-Airways">Jet Airways</keyword>, GoAir, SpiceJet, IndiGo and <keyword id="6373962" type="CITY" weightage="40" keywordseo="Kingfisher-Airlines">Kingfisher Airlines</keyword>, the last of which hasn’t been flying since October 2012. 
 
The points have been raised before, Ghosh said in an SMS reply to queries. “IndiGo has not raised any new objections,” Ghosh said. “Subsequent to the objections filed by the FIA on behalf of Jet Airways, Jet Lite, SpiceJet and GoAir on February 11, IndiGo only sent a letter on February 17 to the DGCA in support of some of these objections.” It should be pointed out that IndiGo is the country’s only carrier that has consistently been making profit. As an unlisted company, it’s not obliged to make quarterly earnings announcements. 
 
FIA and IndiGo both said a new entrant is not in the “long-term interest of existing airlines and consumers of the country.” They add: “The new joint ventures would have the opportunity to unfairly compete with the existing airlines, with huge losses and starved of capital, and thereby ensure that the existing airlines become even more vulnerable which could result in their ultimate closure.” FIA said the service proposed by AirAsia would result in “wasteful duplication” and “diversion of traffic” from existing airlines. IndiGo said that under “no circumstances” was the aviation sector ready to “inherit a fresh airline”. 
 
IndiGo and FIA also said a damaging price war was likely to ensue, which would “only lead to cumulative losses”. But that should also be read in the context of AirAsia having stopped international operations to four Indian cities, which would indicate that the local carriers flying those routes have been competitive, as ET reported on February 15. 
 
According to the submissions of both IndiGo and FIA, the accumulated losses of existing airlines as of March 2013 have hit Rs 77,000 crore. A senior aviation ministry official said the objections weren’t a surprise. 
 “We had expected such comments from the airline industry, but we have been very clear that the <keyword id="44528" type="ORGANIZATION" weightage="40" keywordseo="FDI">FDI</keyword> policy is for both greenfield and brownfield airlines,” said the person, who didn’t want to be named. “However, the final call remains with the DGCA.” 
 It’s pertinent to note that Subramanian Swamy’s petition against AirAsia’s application is coming up for hearing in the <keyword id="6354977" type="ORGANIZATION" weightage="40" keywordseo="Supreme-Court">Supreme Court</keyword> on Friday. FIA’s petition has been tagged along with that of Swamy. IndiGo had previously welcomed the prospect of competition.

You Searched For "Subramanian Swamy petition" and got 4 results

Sonia Gandhi, Rahul summoned to appear in lower court in National Herald case

BI India Bureau

Nearly 66,000 people signed a petition that asks for RBI Governor Raghuram Rajan's second term

BI India Bureau

Delhi High Court Upholds CIC’s Order, Rejects Petition Filed by DLF’s Subsidiary

Purba Das

IndiGo, FIA Against Granting Of Permit To AirAsia; DGCA Set To Take A Decision Soon

Economic Times

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