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NEW DELHI: With Bihar elections heating up, the war of words between the Congress and the BJP too has spiked. BJP President JP Nadda, on late Friday night, hit out at the top Congress leadership for their recent statements ranging from Pakistan’s Covid handling to call for reinstatement of Article 370.

“Since Congress has no good governance agenda to talk about, they are back to their ‘Divide India’ dirty tricks before Bihar elections. Shri Rahul Gandhi praises Pakistan and Shri Chidambaram says Congress wants Article 370 to return! Shameful!,” Nadda tweeted.

Since Congress has no good governance agenda to talk about, they are back to their ‘Divide India’ dirty tricks befo… https://t.co/j7brPvAdmn

— Jagat Prakash Nadda (@JPNadda) 1602867496000

This counter attack comes in the wake of the Congress seemingly handing over issues to the BJP on a platter, just ahead of the assembly election. Earlier, senior Congress leader P Chidambaram said, “The Congress also resolutely stands for restoration of the status and rights of the people of J&K. The arbitrary and unconstitutional decisions of the Modi government of August 5, 2019 must be rescinded.”

Nadda’s comment on ‘praising Pakistan’ was a reference to a tweet by Congress leader Rahul Gandhi where he posted a GDP growth chart saying, “Another solid achievement by the BJP government. Even Pakistan and Afghanistan handled Covid better than India.”

Both these issues are likely to be used by the BJP in the coming days against the Congress, during its campaign in the poll bound state.

The 243-member Bihar Assembly will go to the polls in three phases — on October 28, November 3 and 7 — and the results will be announced on November 10.

The Times of India is an Indian English-language daily newspaper owned by The Times Group. It is the third-largest newspaper in India by circulation and largest selling English-language daily in the world. according to Audit Bureau of Circulations.

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INDIA

‘It’s unfortunate’: Rahul Gandhi on Kamal Nath’s ‘item’ remark

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NEW DELHI: Congress leader Rahul Gandhi on Tuesday said that he does not approve of the ‘item’ remark made by former Madhya Pradesh chief minister Kamal Nath against state minister Imarti Devi. In the backdrop of the intense criticism faced by Congress for the senior leader’s allegedly sexist remarks, Rahul said it was “unfortunate”.

“Kamal Nath ji is from my party but personally, I don’t like the type of language that he used…I don’t appreciate it, regardless of who he is. It is unfortunate,” said Gandhi while addressing a press briefing in Wayanad.

Former chief minister Kamal Nath referred to Imarti Devi as an “item” at an election meeting in the Dabra (scheduled caste) assembly constituency in Gwalior district, sparking a controversy on Sunday.

“Suresh Raje ji hamare ummeedvar hai…yeh uske jaise nah hai…kya hai uska naam … main kya uska naam lun? …apko toh mujhe pehle savdhan karna chahiye tha … yeh kya item hai… (Our candidate is not like her… what’s her name? You know her better and should have warned me earlier… What an item!), Kamal Nath said in Hindi while the crowd called out Imarti Devi’s name.

However, Nath on Sunday said that he has already clarified the context in which he made that statement.

“It is Rahul Gandhi’s opinion. I have already clarified the context in which I made that statement…Why should I apologise when I did not intend to insult anyone? If anyone felt insulted, I have already expressed regret,” said the former MP.

(With inputs from agencies)

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INDIA

Bihar assembly election phase 1: 31% candidates with criminal cases

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NEW DELHI: In the phase one of Bihar assembly

2020, as many as 328 (31%) candidates are with criminal cases and 244 (23%) are with serious criminal cases, according to a recent analysis done by the election watchdog Association of Democratic Reforms (ADR). The watchdog analysed self-sworn affidavits of 1064 out of 1066 candidates contesting phase one of the election.

Among political parties, RJD has fielded most number of candidates with criminal background, followed by BJP.

Also, out of the 1064 candidates analysed by the watchdog, 375 (35%) are crorepatis. The average assets of candidates contesting phase 1 election is Rs 1.99 crores.

Of this 9% candidates have wealth of Rs 5 crore and above, while 12% have wealth between Rs 2 and Rs 5 crore.

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INDIA

Pandemic to shave off 40% operating profit of pvt hospitals: Report

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MUMBAI: The pandemic will eat up around 40 per cent of the operational profit of private hospitals this fiscal, as billing has plunged drastically due to the virus outbreak and the resultant proclivity of people to avoid hospitals for non-emergency situations, says a report.

The Crisil report released on Tuesday, however, noted that a large number of pandemic cases, which though is low-margin, will get these hospitals an additional revenue to the tune of 15-20 per cent.

Further, with the relaxation in lockdown and travel restrictions, footfalls have started improving from July, helping bed-occupancy levels.

The report also expects bed-occupancy levels to stabilise 65-70 per cent of the pre-lockdown levels in the second half of the fiscal. This, along with additional revenue from the pandemic treatment will help limit overall decline in revenue to 16-18 per cent, as against 17 per cent annual growth logged in the two preceding fiscals, it said.

Since the pandemic-driven lockdowns that began late March, hospitals have been on a crisis path as people began to avoid going to hospitals for regular consultations and began to postpone elective surgeries, which have been the most lucrative procedures for any hospital, especially organ transplants among others.

“A triple whammy of postponement in elective surgeries, revenue loss from the highly profitable medical tourism segment, and increasing costs will lead to 35-40 per cent reduction in operating profit of private hospitals this fiscal,” Crisil said.

The report is based on the analysis of 40 hospitals, including 36 rated by the agency, which account for over Rs 36,000 crore of the sector’s revenue.

Even though the trauma and emergency treatment account for 28-30 per cent of revenue continued, but at a much lower level, given the fewer accidents during the lockdowns.

On top of these, medical tourism, which accounts for 10-12 per cent of revenue but gets the highest margins, especially for large hospitals, came to a complete standstill, due to travel restrictions imposed as part of the lockdowns.

However, the pandemic is set to bring them around 20 per cent of the revenue despite low margin.

“Treating COVID-19 patients is expected to provide an additional revenue stream and may contribute 15-20 per cent to revenue this fiscal. But it is not as profitable as other revenue streams. Additionally, given the high fixed cost structure of hospitals, lower overall occupancy will result in lesser absorption of overheads.

“This, coupled with the increased cost of safety and sanitation will lead to 35-40 per cent decline in operating profit this fiscal,” the report said.

Weakened operating performance accentuated cash-flow challenges in the first half and to manage the situation, hospitals have deferred 35-40 per cent of planned capex for this fiscal, and are now resorting to short-term debt funding.

About a third of the agency-rated hospitals also availed moratorium for loan repayments which supported their liquidity during the first half.

Nonetheless, the credit outlook for the sector remains moderately negative, with credit metrics being impacted primarily by lower profit, the report said adding that the deterioration in performance is expected to be only temporary, and a strong bounce-back is likely in the next fiscal supported by pent up demand.

“Elective surgeries cannot be postponed indefinitely and medical tourism is also expected to recoup as travel restrictions ease. We expect a healthy 25 per cent revenue growth in fiscal 2022, and operating profitability to recover to pre-pandemic levels, including due to lower share of less-profitable treatment for the pandemic patients,” the report said.

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