Shiv Sena President and Chief Minister Uddhav Thackeray on Saturday launched a scathing attack on purported attempts by the rebel group to christen itself after the party founder-patriarch, the late Balasaheb Thackeray.
"Don't invoke my Dad's name, use your father's name, to win the elections," said a livid Thackeray, presiding over a meeting of the Shiv Sena's national executive here this afternoon.
His strong reaction came in response to unverified reports that the rebels led by Minister Eknath Sambhaji Shinde - currently camping in Guwahati - had allegedly decided to rename itself as "Shiv Sena-Balasaheb Thackeray Group".
As a row built up with angst among Shiv Sainiks in Maharashtra, the rebels quickly backtracked and claimed that they are the "real Shiv Sena".
Thackeray also said that the party will write to the Election Commission of India (ECI) to ensure that the name of Shiv Sena or Balasaheb Thackeray is not misused by unauthorised persons or groups of such "turncoats" for their political interests, failing which they would face legal action.
The angry response came a day after the CM dared the rebels to win the elections "without using the name of Shiv Sena or Balasaheb Thackeray" while addressing a meeting of the party's district chiefs on Friday.
Bouncing back to his aggressive mode on the fifth day of the political crisis plaguing the Maha Vikas Aghadi government, Thackeray challenged the rebels "to show courage and face the electorate and the people" without uttering the names of Shiv Sena or the party founder, the late Balasaheb Thackeray.
Calling Shinde a "traitor", the Sena Tiger recalled how he did a lot for him (Shinde), yet he was hurling a series of baseless allegations against the Sena and Thackeray.
"I did everything possible for Shinde.... I allotted him the Urban Development portfolio which I handled. His son (Dr Shrikant Shinde) is a two-time MP and now they are commenting on my son (Minister Aditya Thackeray), and leveling many allegations even against me," said Thackeray.
As the Shiv Sena grappled with a potentially "life-threatening" rebellion in its ranks for the third day on Thursday, its Maha Vikas Aghadi allies - the Nationalist Congress Party and the Congress - threw their full weight behind embattled Chief Minister Uddhav Thackeray.
Late on Wednesday, Thackeray offered to quit as CM and as Sena President, and on Thursday, party MP and chief spokesperson Sanjay Raut even said the party is ready to "leave the MVA", with a rider that "all rebels must reach Mumbai in 24 hours and put their viewpoint before the leadership".
"We are ready to walk out of the MVA, provided the rebels return to Mumbai within 24 hours and hold discussions with the Shiv Sena," Raut said, throwing yet another challenge to the group of rebels led by Minister Eknath Shinde.
He called upon the rebels to stop communicating on social media or phone messages or letters or statements sitting in Assam, and like "true Shiv Sainiks" show the guts to come to Mumbai.
"Come here within 24 hours... Sit before Chief Minister Uddhav Thackeray Saheb and present your viewpoint to him. We shall definitely consider them," Raut declared.
Both the NCP and the Congress, while expressing confidence that the political fracas will die out soon, said they will remain with the MVA and Thackeray till the very end, and if the situation arose, would be prepared to sit in the opposition benches.
Intervening this evening, NCP President Sharad Pawar warned that the "rebels will have to pay the price for their revolt when they face the electorate".
"The MVA government has already proved its majority. Those who call the 3-party experiment a failure are ignorant. The government has performed well and taken many major decisions in the past two and half years," he asserted, dismissing the rebel MLAs allegations of not getting adequate funds for development works as "false".
He pointed out that the rebels "would have to come before the Governor or the legislature" to prove their strength, and after their return, the Bharatiya Janata Party (BJP) may not "guide" them.
Pawar also expressed confidence that the rebel Sena MLAs will return to the party fold and flayed the manner in which they were taken away as "improper".
On the side of the mutinous lawmakers camping in Guwahati, the torch-bearer, Shinde has been "elected" as the breakaway group's leader and authorised to take all decisions on their behalf.
According to a video that emerged late this evening, Shinde is heard praising the BJP, terming it as a "national force which taught a lesson to Pakistan" and would take care of the rebels.
The "Shinde Sena" has claimed the support of "over 40" Sena MLAs, while the Sena in Mumbai is left with around 18 legislators, but it has disputed the rebels' contentions, saying "everything will be clear only when all the deserters come to Mumbai".
Speculation is rife that the Shinde group is also making attempts to wrest control over the Shiv Sena with its claimed support of around 40-plus MLAs, but Sena MP Priyanka Chaturvedi dismissed it, saying there is a huge difference between making claims and actually doing it.
The sudden calamity that gripped it late on the night of June 20-21 has shaken the once aggressive Sena to the core amid gloomy prophecies that this could be "swan song" for the party plus the second and third generation Thackerays - CM Uddhav and his son Minister Aditya.
The party had earlier weathered similar disasters, though much less serious, with persons like Chhagan Bhujbal, Narayan Rane, Sanjay Nirupam and even family member Raj Thackeray quitting at various points in the past 30 years.
However, the Sena not only weathered those departures which in retrospect proved to be mere dents, and the party marched ahead with confidence.
This time round, the Sena seems to have landed in a burning fire where its very existence - with the supreme control of the Thackeray family - appears to be at stake, not to mention the survival of its 3rd alliance government.
Spelling solace, NCP state President Jayant Patil and state Congress President Nana Patole, and other central party leaders pointed accusing fingers at the BJP for creating the political upheaval that threatens the continuation of the MVA.
Stoutly denying that the Shiv Sena had discarded Hindutva, Maharashtra Chief Minister Uddhav Thackeray on Wednesday said that he is ready to quit his post and also as party chief provided the rebels come and talk to him face-to-face.
In a direct challenge to the group of rebels led by Minister Eknath Shinde who are presently in Assam, Thackeray said under the present situation, "my own (Shiv Sainiks) don't want me as CM".
"But why go to Surat or some other places to say this. Shinde could have just come and told me right here. I would have quit immediately," Thackeray declared.
He said that since the political crisis erupted late on Monday, both Nationalist Congress Party President Sharad Pawar and Congress observer Kamal Nath categorically told him that they fully support him.
"Today, my own Shiv Sainiks don't want me to continue as CM. I am ready to resign, leave 'Varsha' and go to my 'Matoshri'. I am even ready to quit as Sena President. I shall be very happy if some other Shiv Sainik becomes the CM," said Thackeray.
The Uttar Pradesh government has told the Supreme Court that the plea against the recent demolition of houses is an attempt to give a mala fide colour to a lawful action taken by the local development authorities as per the procedure established by law.
The state government in an affidavit, said: "Lawful action was taken by the local development authorities as per the procedure established by law."
It added that the plea filed by the Muslim body Jamiat Ulama-I-Hind cherry-picked one-sided media reporting of a few incidents and extrapolating sweeping allegations from the same against the state government.
"It is submitted that the said demolitions...have been carried out by the local development authorities, which are statutory autonomous bodies, independent of state administration, as per law as part of their routine efforts against unauthorised/illegal constructions and encroachments, in accordance with the UP Urban Planning and Development Act, 1972," said the affidavit.
The state government justified demolitions, which were carried out in Prayagraj and Kanpur following protests against the BJP leaders' remarks on Prophet Muhammad.
The state government said that allegations are completely false and misleading, and none of the actual affected parties have moved the top court in connection with the lawful demolition actions. It further added that the petitioner has deliberately obfuscated the true facts to paint a nefarious picture of alleged mala fides on the part of the administration, and that too, without stating any facts on affidavits.
"The petitioner, Jamiat Ulama-I-Hind, has failed to place on record the facts duly supported by affidavits and has merely hand picked certain media, reporting to make unfounded allegations against the state machinery and its officers, and seeks sweeping omnibus reliefs unfounded in either law or fact," the Uttar Pradesh government said.
The state government, in connection with the demolition carried out in Kanpur, said the factum of the constructions being illegal, has also been admitted by the two builders over there. Also, in the case of demolition of Javed Mohammed's house, the state government said local residents complained against the illegal constructions and use of the residential property for commercial purposes for running the office of 'Welfare Party of India'.
The state government added, "In so far as taking action against the persons accused in rioting is concerned, the state government is taking stringent steps against them in accordance with a completely different set of statutes, namely: Code of Criminal Procedure (CrPC), the Indian Penal Code (IPC), UP Gangster and Anti Social Activities (Prevention) Act, 1986, Prevention of Public Property Damages Act; and (iv) Uttar Pradesh Recovery of Damages to Public and Private Property Act, 2020 and Rules 2021."
The Muslim body Jamiat Ulama-i-Hind, moved the top court against the recent demolitions carried out by the state administration in Kanpur and Prayagraj.
The top court, on June 16, had told the Uttar Pradesh government that demolitions of houses must be done in accordance with the law and not as a retaliatory measure and sought response from it.
The BJP on Tuesday chose former Jharkhand Governor and tribal leader Draupadi Murmu as its candidate for the post of President, against opposition candidate Yashwant Sinha for the election to be held on July 18.
Murmu, who hails from Odisha, becomes the first woman tribal leader to contest for the country's highest constitutional post. Before this, she also holds the record of being the first tribal woman Governor in the country.
Her tenure as the Governor of Jharkhand for more than 6 years was not only been non-controversial, but also memorable. After the completion of her tenure, she left the Jharkhand Raj Bhavan for her village in Odisha's Rairangpur on July 12, 2021 and is living there since then.
Harinarayan Singh, editor-in-chief of a Hindi daily published from Ranchi, said that the name of Murmu for the post of President was also discussed in 2017.
Murmu has a rich experience of more than six years as a Governor. The BJP, with her candidature, is trying to give a symbolic message to the whole of country in many ways.
Her selection for the top post can also be a part of the BJP's strategy to make inroads into the tribal society, which has been a bastion of the Congress so far. The BJP is eyeing upcoming state Assembly elections, and tribals are its main focus area in Gujarat, Madhya Pradesh, and Chhattisgarh where their votes are crucial for the party's scheme of things.
Murmu had served twice as an MLA and once as a minister in Odisha, before being sworn in as the Governor of Jharkhand on May 18, 2015. Her five-year term as governor was to end on May 18, 2020, but was automatically extended due to the non-appointment of a new Governor due to the ongoing Covid pandemic.
She was always aware of the issues related to tribal affairs, education, law and order, and the health of Jharkhand. On several occasions, she questioned decisions of the state governments, but always with constitutional dignity and decency. During her tenure as the ex-officio Chancellor of the Universities, the vacant posts of Vice-Chancellor and Pro-Vice-Chancellor were appointed in many universities of the state.
Senior Professor at Vinoba Bhave University Dr Shailesh Chandra Sharma recalls that she herself organised Lok Adalats on issues related to higher education in the state, in which about 5,000 cases of university teachers and employees were settled. In order to centralise the enrollment process in the universities and colleges of the state, she created the Chancellor's portal.
Born on June 20, 1958, in Odisha in a simple Santhal tribal family, Murmu started her political career in 1997. She was elected councillor of the district board is Rairangpur in 1997. Prior to joining politics, Murmu worked as an honorary assistant teacher at Sri Aurobindo Integral Education and Research, Rairangpur and as a junior assistant in the Irrigation Department, before joining politics. She has been MLA twice in Odisha and also got a chance to work as a minister in the Naveen Patnaik government when the BJP was in coalition with the Biju Janata Dal.
Murmu was also awarded the Neelkanth Award for Best Legislator by the Odisha Legislative Assembly.
Indian Americans have been a strong and critical pillar of India's strategic relationship with the US. But the Modi government's current stand on the Russian invasion of Ukraine has pushed them furthest than they have ever been from New Delhi. A bipartisan group of Indian Americans will loudly declare their estrangement from the Modi government on this issue at an event on Capitol Hill, home to the US Legislature.
The idea is for the event, billed as "Indian Americans Against Genocide in Ukraine," to demonstrate that the diaspora is just as horrified and appalled by the invasion of Ukraine as the rest of the US, and not just the government and lawmakers but most lay Americans, barring some right-wing commentators such as Tucker Carlson.
The event, which was first reported by IANS in May is taking place on Wednesday and many lawmakers from both parties are expected to speak, including the four Indian American members of the House of Representatives, all of whom have been stridently critical of the Russian invasion and India's refusal to condemn it.
Raja Krishnamurthi's picture figures on a flyer distributed by the organisers, along with President Joe Biden's.
The American President is not attending, of course. But his picture is supposed to signal that the event is in the knowledge of the White House, according to the organisers, and dispel any misgivings that may have been felt there about Indian Americans, who are often seen as cheerleaders for New Delhi.
Indian Americans have indeed aligned themselves closely with policies of the government in New Delhi in the past and have been activists on their behalf. They were an integral part of the Vajpayee government's efforts to blunt the impact of the sanctions imposed by the Clinton administration for the Pokhran II nuclear tests in 1998 and played an outsize role in the ratification by the US Congress of the India-US civil nuclear deal, which ended India's nuclear pariah status globally and, most importantly, ushered a new warmth in the bilateral relationship that continues to this day, endorsed and bolstered by successive governments, Democrats and Republicans.
The June 22 event is jointly hosted by unequivocally Democratic US-India Security Council Inc. and Republican-leaning Hindu American Coalition. They are on the opposite sides of the aisle in US politics, but are joined at the hip in their support for the Modi government. And that is the most notable aspect of this event.
Prime Minister Narendra Modi has enjoyed unparalleled popularity thus far among Indian Americans, many of whom have either travelled to India to help his campaign or worked the phones from here to canvas voters in India. But his personal equity, unfortunately, may be insufficient to offset the blowback in America to his Ukraine policy.
Congress leader Rahul Gandhi will appear before the Enforcement Directorate (ED) on Monday for a fourth time in connection with the National Herald case.
His appearance was initially scheduled for June 17, but the senior Congress leader wrote to the ED to postpone his questioning citing illness of his mother Sonia Gandhi.
Accepting his request, the probe agency asked him to appear on Monday.
For three consecutive days last week, Rahul Gandhi had been grilled for about 30 hours amid widespread Congress protests in the national capital against their leader being questioned.
He was reportedly questioned about a few transactions made by Kolkata-based Dotex Merchandise Pvt Ltd.
Sonia Gandhi, who is presently hospitalised with Covid related health issues, has also been summoned on June 23 in the same case.
Every state must recognise its strength, define its targets and develop a roadmap to achieve the same as this is essential for India to become a $5 trillion economy, Prime Minister Narenda Modi said at the national conference of Chief Secretaries. .
"Urban areas will be key in future development and employment generation. Therefore, urban local bodies must be strengthened, and urban planning should be done innovatively," Prime Minister Modi said.
The conference, chaired by the Prime Minister, was attended by young district collectors and magistrates from states and union territories as well as the officials from Union ministries.
Appreciating the extensive sessions, the Prime Minister said that the deliberations were useful in laying out a roadmap for the sectors. He stressed that the Centre and states work together as "Team India". The action points and fresh ideas discussed at the conference must be implemented without delay, he said.
Emphasising minimum government and maximum governance, Prime Minister Modi stressed the need to ensure greater ease of living in India. He also said that decriminalisation of minor offences should be taken up in mission mode.
He also spoke on the usage of drones in the service industry, such as for the delivery of essential drugs or horticultural products, especially in hilly areas, which would add more economic value to the farmers and service providers.
Urging that all vacancies across state government departments must be filled, the Prime Minister said the states must identify such vacancies under each sector and fill them. "The states must try to integrate anganwadis with primary schools to achieve the goals of the National Education Policy," he added.
While stressing the need for improving the usage of technology in all government schemes and programmes for creating interoperability of datasets of the Centre and states, the Prime Minister also said that PM-GatiShakti should be appropriately implemented to attract investment.
Two explosions on Saturday ripped through a busy road near a Sikh temple in Kabul, with casualties unknown.
"We heard a huge blast in Kart-e-Parwan neighbourhood at around 6 a.m. It was followed by another explosion which occurred about half an hour. The whole place has now been sealed off," a witness told Xinhua news agency.
The security forces have cordoned off the area for precautionary measures, he said.
The blast sent a column of thick smoke into the sky and triggered panic.
"There is fear of possible causalities. Several warning shots were also fired by the security forces," the witness added.
There has been no official statement about the incident so far.
Congress leader Rahul Gandhi has told the Enforcement Directorate (ED) that all the decisions and transactions related to Young India's (YI) acquisition of Associated Journal Ltd (AJL) were taken by late party leader Motilal Vora.
The Gandhi scion, who was grilled for three straight days in connection with the National Herald case, denied having knowledge of any sort of loan taken by YI, according to ED sources. Infact, he was not aware of the accommodation entry of YI, Gandhi is said to have told ED.
Gandhi said that the late Vora was engaged in all these sorts of affairs. Vora held 12 per cent stakes in YI, while Rahul and Sonia had 76 per cent stakes.
"Gandhi said he had no knowledge of YI-AJL deal as Vora was looking after it," the sources claimed.
Rahul Gandhi was taking time to review his statements hence his questioning was taking more time.
As per the sources, Gandhis are major beneficiaries in the whole deal. Earlier, Pawan Bansal and Mallikarjuna Kharge were questioned by the central agency. Since Vora has passed away, the needle of suspicion pointed towards the Gandhis.
Sonia Gandhi is scheduled to join the investigation on June 23.
Is the US economy slipping into a recessionary period and have the sanctions on Russia over the Ukraine war in the eastern Donbas region set to boomerang, bringing stocks down and the entire money market into a tailspin reversing the bullish trends to bearish ones.
Judging by analysis by various economic experts, billionaires, investors, players in the stock market, and even officials in the government, the economy is going into a tailspin and markets are set to plunge 40 per cent, a cause for concern as at least six out of 10 Americans put their savings in the stocks hoping to grow their earnings. But 'Don't Panic' is the advice of players in the stock market.
Billionaire and big-time hedge fund investor Leon Cooperman says the US economy will go into a recession and stocks will fall much further. He told CNBC Tuesday the S&P 500 would fall 40 per cent in total from peak to trough. He said the index might not bounce back until it hits 3,000 - 20 per cent below Monday's close.
US stocks have a long way left to fall, says the hedge-fund veteran Cooperman, who has predicted the economy will tumble into a recession in 2023. A total drop of 40 per cent is what he predicts as he feels recession has battered corporate profits. He said equities were unlikely to head back into a bull market anytime soon. This is based on the trend that in recent times, investors have dumped stocks in 2022 as the Federal Reserve has embarked on what is likely to be one of the fastest interest-rate-hiking cycles in its history in an effort to tame rampant inflation. Even the crypto exchange is down by 86 per cent.
Cooperman founded the hedge fund Omega Advisors, which he now runs as a family office.
According to Bloomberg economic news analysis, traders whose fear of the Fed sent markets hurtling into bear territory on Monday are girding for a long dark night as stocks head for their longest slide in months. Investors are keen to see whether the central bank gives any indication as to whether it will raise rates at a faster clip. Indications are it will as it's the only option to rein inflation, claimed to be the worst in 40 years.
Stocks notwithstanding, President Joe Biden claimed that US economy was humming with its low unemployment, saying the powerful recovery from the pandemic recession will become more evident when inflation subsides. "I truly believe we made extraordinary progress by laying a new foundation for our economy," Biden said at a meeting of the AFL-CIO, the biggest US labour confederation, on Tuesday.
In addition to tapping the nation's Strategic Petroleum Reserve to address high gas prices and working with European partners on plans to get Ukrainian grain to market, Biden cited proposals aimed at bringing down the cost of child care and prescription drugs and said the wealthiest Americans must "pay their fair share" in taxes. "I have a plan to bring down the cost of gas and food," he said, seeking to position the Democratic Party for the coming 2022 midterm elections for all the 435 seats in the house of representatives on November 8 this year.
"In Europe, a new survey by economists shows many expect the Bank of England to raise interest rates faster and further than anticipated just a month ago as it battles the highest inflation in decades. As for all those investors out there watching their portfolios shrink, remember not to panic," say analysts in Bloomberg.
The US imposed sanctions on Russian companies and exports, including oil, over the Ukraine invasion. Biden officials now acknowledge that the sanctions affected the US economy. They're now quietly encouraging some US firms to use Russian products to try to offset the damage, analysts claim.
Though the Biden administration predicted that the impact of those sanctions on the US would be minimal - if it could ensure they didn't affect US food and energy security. However, rising energy and food costs in the US have become two of the main drivers of inflation, which hit a 40-year high this month.
US Treasury Secretary Janet Yellen privately believes the spike in prices is in part a result of what the outlet called unexpected "self-sanctioning," referring to US companies' abandoning Russia entirely to minimise the risk of violating US regulations. Yellen said she was "wrong" to say inflationary pressures would pass.
Seven foods have been hard hit by price spikes this year. From sweets to veggies, the USDA has a list of foods getting more expensive this year. The Russian invasion of Ukraine has caused fertiliser shortages, disrupting farming worldwide, and increasing prices. The climate crisis has also worsened food supply due to unpredictable weather.
President Biden said on Wednesday there is little he can do to lower the cost of gasoline or food in the immediate term, an acknowledgment that prices for those goods will remain high as he works to bring down other costs incurred by families. "There's a lot going on right now but the idea we're going to be able to click a switch, bring down the cost of gasoline, is not likely in the near term. Nor is it with regard to food," Biden said at the White House, where he was holding an event on the infant formula shortage.
Biden and his team are seeking to place heavy emphasis on the economy in the coming weeks as the President looks to demonstrate his commitment to reining in inflation, even as he says there's not much he can do. The President has tasked his aides with improving the administration's messaging as he watches his approval ratings sink, say media reports.
The BJP, reacting to IANS's disclosure about the shareholders of Associated Journals Ltd (AJL), has said that if the Gandhi family keeps mum in this whole matter, then these big names (shareholders) should come out and speak publicly.
Speaking to IANS, BJP's national spokesperson Nalin Kohli said: "The manner in which the first family of Congress (the Gandhis) has grabbed properties worth thousands of crores of AGL is a serious matter and it smells of corruption. Therefore, both Rahul Gandhi and Sonia Gandhi are out on bail."
Kohli said that there are names of many big people in it, all of whom are considered to be important or close to the Gandhis and the Congress. "If there is no response from the Gandhi family, then these people should also come forward and tell how the property worth thousands of crores went to the Gandhi family company for just Rs 50 lakh. All the documents related to it should also be made public," he added.
Another BJP national spokesperson Prem Shukla said that when the Associated Journals' shares were transferred to Young Indian, as per the rules, the Associated Journals' shareholders would have met at that time, by bringing a resolution and it would have been passed. The minutes of that meeting should be made public.
"Prima facie, corruption is visible in this whole matter. The Congress gave a loan of Rs 90 crore while the company of Gandhi family Young Indian captured it by paying only Rs 50 lakh, and is taking commercial advantage of it.
Shukla said that there is no reason to give such a favour to Young Indian company. "In such a situation, it is also the responsibility of these shareholders of Associated Journals to come forward and explain the facts related to this transfer," he stated.
Jyotsna Suri and the late Lalit Suri hold 50,000 shares in Associated Journals, which publishes the National Herald of the Congress. The Young Indian is the largest shareholder of Associated Journals. Harbans Lal Malhotra & Sons holds 16,000 shares, while Rameshwar Thakur holds 26,510 shares. Scindia Investments, and Mohan Meakin hold 5,000 shares each.
Others include a mix of Congress leaders from past and present or those who have been close to the Gandhi family.
Some of the shareholders include Dr K.N. Katju, Vijay Darda, Sushmita Dev, Manickam Tagore, Syed Sibte Razi, Suman Dubey, Sam Pitroda, Oscar Fernandes, Motilal Vora, J.B. Dadachandji, H.Y. Sharada Prasad, Ghulam Nabi Azad, Sucheta Kripalani, Sheila Dikshit among others.
Pawan Kumar Bansal is Chairman and Managing Director of Associated Journals.
The genesis of the controversy started with the acquisition of shares of Associated Journals Ltd (AJL) on January 26, 2011. The AJL was incorporated as a public limited company on November 20, 1937 under the Indian Companies Act, 1913, for the purpose of publication of newspapers in different languages.
AJL started publishing newspapers such as National Herald in English, Navjivan in Hindi and Quami Awaz in Urdu. The publication of newspaper was suspended on various occasions due to financial difficulties and certain labour problems. On April 2, 2008, the newspaper was closed.
The properties were allotted for carrying out newspaper business and publication of newspapers in different languages. However, it was also allowed to let out these properties on rent to cater to its publication business post-closure of the newspaper.
The office of AJL was shifted from Lucknow to Delhi on September 1, 2010 at its Delhi property situated at 5A, Herald House, Bahadurshah Zafar Marg, New Delhi. In this chain of events, the All India Congress Committee (AICC), the apex body of the Congress, had advanced loans to AJL from time to time.
In other words, the AICC assigned the loan outstanding in the books of AJL at Rs 50,00,000 to Young Indian. Further, almost 99.99 per cent shares of AJL were transferred to Young Indian. On December 13, 2010, in the first Managing Committee meeting of Young Indian, Rahul Gandhi was appointed as director.
In a nutshell, the National Herald case pertains to the assignment of a Rs 90 crore loan advanced by the Congress party to Young Indian for a consideration of Rs 50 lakh. It has been alleged that there was a misappropriation of assets of over Rs 2,000 crore.