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Friday, 9 June 2023
For higher education: Govt seeks suggestions on draft proposal for implementing NEP
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Thursday, 8 June 2023
ICICI Bank Board gives nod to prosecute its former MD and CEO Chanda Kochhar
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Steve Smith is best Test batter of this generation: Virat Kohli
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Wednesday, 7 June 2023
HC seeks report from Centre over ‘non-release’ of MNREGA funds to state
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Man booked in cheating case gets bail two days after he died
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Attacked by brother, Navi Mumbai man rides to hospital with a knife in neck; survives after surgery
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Tuesday, 6 June 2023
World Environment Day: CM inaugurates forest cluster developed using Japanese technique Miyawaki
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Ahead of Rath Yatra, Ahmedabad cops set to promote communal harmony with street play on local heroes
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Apple WWDC 2023 highlights: From iOS 17 to Vision Pro… everything announced at the developer conference
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7 dead, 19 injured after speeding tractor turns turtle in Andhra Pradesh
Guntur: Seven people died and 19 others were injured when a tractor trailer in which they were travelling lost control in a narrow road and turned turtle at Vatticherukuru village in the district on Monday, police said.
As many 25 people were travelling in the tractor from Kondepadu village in Prathipadu mandal to Jupudi village in Chebrolu mandal to attend a function, with majority of them being women.
“Actually, the driver lost control in a narrow road and the tractor turned turtle. No collision happened,” Guntur Superintendent of Police Arif Hafeez told PTI.
Guntur South sub-divisional police officer Mehboob Pasha said the tractor driver was speeding, ignoring alerts from the travellers to slow down, resulting in the accident. Due to the impact, seven people died on the spot and 17 others suffered injuries, he said.
The officer further said that the driver did not even have a licence.
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Hyderabad: Man held for murdering co-worker over chicken fry
Hyderabad: A migrant labourer was arrested by the Rachakonda police on the charges of murdering a co-worker in his sleep after an argument over fried chicken.
In a bizarre incident, the accused, Susheel Goswami and the deceased, Dheeraj Mandal, entered into an argument while drinking, during which Mandal insisted on preparing chicken fry, the police said in a statement.
Both the labourers were from Bihar.
According to the police, Goswami pounced on Mandal but was pulled back by two co-workers. Goswami, who felt humiliated after the incident waited till all his co-workers were asleep before hitting Mandal on the head with a cement brick leading to his death, the police said.
The police acted on the complaint of Samala Narasimha Reddy, the owner of the cement factory where Goswami worked and caught the accused within a span of eight hours.
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Apple unveils 15-inch MacBook Air at WWDC 2023, price starts at Rs 1,34,900
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Monday, 5 June 2023
MUTUAL FUNDS: Arbitrage funds are back in favour
Given the attractive spreads and the improving sentiment in the equity market, arbitrage funds are gaining traction from investors, especially among high-networth individuals. These funds offer an opportunity for high returns with moderate risk and investors are preferring them given the tax efficiency compared to liquid funds.
Arbitrage funds have seen an uptick in inflows due to the market volatility and decent post-tax returns as compared to liquid funds. These funds invest a minimum of 65% of the corpus in equity and the balance 35% in debt and cash instruments.
In these funds, the fund manager simultaneously buys shares in the cash market and sells them in futures or derivatives markets and the difference in the cost price and selling price is the return that the investors earns. The current spread is around 63 basis points (bps) as compared with around 40 bps in June last year.
Also read: Retirement Planning: How much money does a family of four need for retirement?
Arbitrage mechanism
The mechanism of these funds revolves around exploiting the price difference between stocks and their corresponding futures contracts, known as the arbitrage spread. Sonam Srivastava, founder, Wright Research, an investment advisory firm, says this difference tends to be substantial in volatile markets, enabling arbitrage funds to deliver high returns even when the overall market is not performing well. “Their potential to generate consistent returns with lower volatility is likely why these funds have witnessed an inflow of Rs 3,700 crore in April, the highest in the hybrid category,” he adds.
Investors look at arbitrage funds for short-term investments where the returns are closer to liquid funds but the tax implications are of equity. Harshad Chetanwala, co-founder, MyWealthGrowth. com, says, there is a possibility that investors who are seeing the stock market surging at present would like to hold on with their investment decisions at present and prefer going gradually. “Hence, they could be parking such funds in arbitrage funds,” points out Chetanwala.
Arbitrage funds generally run fully-hedged equity positions. In other words, all their long equity / stock positions are hedged by selling the stock futures. They generate returns from the differential in the prices of stock futures and the underlying stock. Funds in other hybrid categories such as dynamic asset allocation, aggressive hybrid and equity savings hold a mix of unhedged equity positions, arbitrage and debt based on their mandate and market views.
Tax efficiency
After the amendments to the Finance Bill, 2023, arbitrage funds are turning out to be more tax efficient than liquid funds. As arbitrage funds maintain a minimum of 65% equity allocation, they are treated as equity funds. Short term gains are taxed 15% if redeemed within one year and 10% for long term if redeemed after one year. On the other hand, liquid funds are taxed as debt funds where all gains are taxed at the marginal rate of the investor. “Arbitrage funds are more tax efficient than liquid funds,” says Hardik Gandhi, chief business Officer, Turtle Wealth.
Similarly, Abhishek Dev, CEO and co-founder, Epsilon Money Mart, says if an investor falls in the highest tax bracket, debt funds can prove to be a tad unattractive when it comes to taxation as the gains are taxed at the investor’s marginal rate. “While tax is an important aspect of the overall financial planning, selecting a product based only on tax is not the right way. Therefore, investors should first understand what they are getting into.”
Also read: What is the ideal Fixed Deposit tenor for senior citizens and others amid interest rate hikes?
What to keep in mind
Investors must keep in mind that returns from arbitrage funds will depend on the arbitrage opportunities. These funds give higher returns during periods of high market volatility. Individuals should look at an investment horizon of six months to one year to ride the different market phases. As these funds take very low risk relative to other hybrid funds, volatility is low and return potential is also lower. However, the market volatility as seen in other equity funds is not witnessed in arbitrage funds.
While investors consider arbitrage funds as an alternative to debt funds, especially liquid funds, they must also keep in mind the interest rate cycle has peaked and returns from debt funds are likely to rise now.
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Sri Lanka braces for southwest monsoon with warnings issued
Colombo: Sri Lanka’s Department of Meteorology forecasted on Sunday that the southwest monsoon is likely to be gradually established across the country during the next few days.
Showers or thundershowers will occur in Western, Sabaragamuwa and Central Provinces as well as in Galle and Matara districts, Xinhua news agency reported, citing the forecast.
According to the forecast, heavy showers above 75 mm are likely at some places in the Sabaragamuwa Province as well as in Galle, Matara and Kalutara districts.
“General public is kindly requested to take adequate precautions to minimise damages caused by temporary localised strong winds and lightning during thundershowers,” it said.
The southwest monsoon brings rains mainly in the southwestern part of Sri Lanka between May and September, with flood and landslide warnings often issued during this period.
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Widespread rain, strong winds in state; to continue till June 8
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Government will apologise to wrestlers, like it did to farmers: Former Governor Satya Pal Malik
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Football fan arrested for wearing offensive jersey to FA Cup final referring to Hillsborough tragedy
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Punjab: Woman, parents booked for taking Rs 20 lakh from fiancé’s family for going to Canada; then marrying someone else
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Sunday, 4 June 2023
Fashionable conservation: How culturally committed fashion houses keep heritage buildings alive
Gucci presented its Cruise 2024 collection at Gyeongbokgung Palace, in Seoul, last month, celebrating 25 years in Seoul. The choice of location paid homage to the beauty of South Korean cultural heritage. The Gyeongbokgung Palace has been a renowned venue not just for this show but for royal ceremonies and has been receiving foreign dignitaries since the Joseon Dynasty.
“Gyeongbokgung Palace is one of those wonders of the world that made us feel an instant connection with Korean culture and the people who created it,” said Marco Bizzarri, president & CEO, Gucci, on the occasion. The brand has been committed to support the conservation and restoration of the Gyeongbokgung Palace since last year besides being associated with significant landmarks, including the Dia-Art Foundation in New York City; The Cloisters of Westminster Abbey in London; the Capitoline Museums in Rome; Hollywood Boulevard in Los Angeles.
Also read: Meet Rajju Shroff, the owner of BSE-listed UPL: Know about his journey & net worth
With the expansion of luxury retail globally, brands are increasingly opting for heritage properties for their unique historical charm and regality, and the exotic setups gel well with most brands’ lineage. All this put together makes for a great shopping experience.
Recently, fashion designer Sabyasachi Mukherjee opened his largest-ever flagship store at the majestic neo-classical heritage landmark building at Horniman Circle in Mumbai, which is also home to French fashion house Hermes and shoe couturier Christian Louboutin. Horniman Circle was originally built for the British Bank of the Middle East in 1913, and the building is classified under the Heritage Regulations of Greater Bombay 1995. The new Sabyasachi space houses several antique paintings and historical trinkets—over 100 chandeliers, 275 carpets, 3,000 books and 150 works of art. The space is lined with curiosity cabinets sourced from souks, modernist interpretations of Persian Qajars, 18th-century Venetian handcrafted chairs, rare French Art Nouveau cabinets and brass sculptures made in Kolkata.
Brands also look for clean and creative interiors for elaborate and arty display of ensembles as these places are high in demand and limited in number. Designer Anita Dongre opened her flagship early this year at the historic 200-year-old Sassoon Building that faces the David Sassoon Library and the University of Mumbai. Dongre has kept as much of the original form and blended the momentous past of the 19th with her 21st century designs. The teak staircase in the building has been restored and takes the visitor to the first floor where gold pichwai nature scenes adorn the room in an emerald green base. The floor speaks of craft stories against the 200-year-old restored metal and woodwork frames and recreates the magnificence of Bombay as a city in that era.
Last year in December, Tarun Tahiliani opened a brand new luxury address in Bengaluru in a colonial-era cottage.
Meanwhile, Chanel announced a partnership with historical monument Grand Palais in Paris to contribute over £22 million towards the restoration and renovation of the site. The Grand Palais remains one of Europe’s most beautiful buildings and the brand is expected to build up extraordinary decorations for its haute couture shows here.
Louis Vuitton last month showcased its Cruise 2024 collection at the historic Isola Bella Island, one of the Borromean Islands of Lago Maggiore in north Italy, known as an architectural masterpiece, and a treasure chest of Baroque art suspended over water. The Isola Bella has been in the hands of the Borromeo family for around 400 years.
Other fashion houses are dedicated to restoring heritage buildings and support iconic landmarks. Prada revamped a historic 1918 mansion in Shanghai called Rong Zhai into a flexible site for cultural exhibitions and performances, while Italian luxury shoemaker Tod’s funded 25 million euros for a clean-up of the Colosseum in 2016 to remove crusted dirt and grime caused by traffic pollution. Italian jeweller Bulgari contributed 1.5 million euros to fix the cracked Spanish Steps, and the renovated steps were unveiled in 2016. Fendi donated 2.2 million euros to repair one of the world’s greatest archaeological treasures, the Trevi Fountain.
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Fadnavis holds meeting with Mumbai MLAs, MPs to discuss BMC polls
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Two Indian pole vaulters part of Asian U-20 Athletics C’ships team leave for Korea but their poles stuck at Delhi airport
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Odisha train accident: Opposition questions over passenger safety
New Delhi: Expressing shock and grief at the loss of lives in the train accident in Odisha, opposition leaders on Saturday stressed the importance of prioritising the safety of passengers by railways, while there were also demands to fix accountability and for the resignation of Railway Minister Ashwini Vaishnaw.
The accident involving two passenger trains and a goods train in Odisha’s Balasore district killed at least 288 people and injured more than 1000, in one of the worst railway tragedies in the country.
The Congress said the “horrendous” train accident in Odisha reinforces why safety should always be the foremost priority in the functioning of the rail network and asserted that there are many questions to ask of Prime Minister Narendra Modi and Railway Minister Vaishnaw but those can wait as the immediate task was of rescue and relief.
RJD chief and former railway minister Lalu Prasad claimed that sheer negligence has caused the train tragedy and alleged that the BJP-led government at the Centre has “destroyed” the railways.
In a video statement, Kharge said it was the time to stay united and pointed out that several state governments have come forward to help out with the rescue efforts in Odisha, including the Siddaramaiah-led Karnataka government.
“I want to ask the PM and the Railway Minister that it should be found out how this happened and who is responsible. We always talk about safety but still such an incident happened which had not happened in the history of railways.
“But all this can be discussed later as now it is the time to be united and support the central government and for all leaders to come together to help the people and share their grief,” Kharge said.
Several Congress leaders from different states have either already reached or will soon be reaching Balasore, he said and extended heartfelt condolences to the bereaved families.
“We have many questions to ask of the prime minister and the railway minister but those can wait since the immediate task is of rescue and relief,” Kharge said earlier.
Congress general secretary in-charge communications Jairam Ramesh said the train accident in Odisha is a matter of the greatest anguish.
“It reinforces why SAFETY should always be the foremost priority in the functioning of the rail network. There are many legitimate questions that need to be raised but that should wait till tomorrow,” Ramesh tweeted.
West Bengal Chief Minister Mamata Banerjee, who is a former railway minister, flew to the accident site on Saturday afternoon and demanded a proper investigation.
“This is the biggest train accident of this century and a proper investigation must be conducted,” the Trinamool Congress (TMC) chief told reporters.
“Something must be behind this. The truth must come out. Why didn’t the anti-collision system work?” Banerjee said
Prime Minister Narendra Modi, who visited the accident site and was briefed by Railway Minister Vaishnaw, said no one would be spared and strong action would be taken against those found guilty.
“Instructions have been given to ensure proper and speedy investigation of the tragedy,” Modi said, adding that more focus will be given to the security of rail passengers.
Meanwhile, TMC spokesperson Saket Gokhale said there were serious questions about the accident that needed to be answered and demanded the railway minister’s resignation.
The shocking train crash in Balasore, Odisha, last night could have been prevented by a functioning anti-collision system, he said and alleged that BJP is more focussed on “Modi’s Vande Bharat PR & photo-ops instead of safety”.
“Union Railways Minister Ashwini Vaishnaw must resign immediately if he has any conscience or sense of responsibility and shame left in him,” Gokhale said.
The railways have said that “Kavach” – the automatic train protection system – was not available on the route where the accident occurred on Friday evening.
CPI(ML) general secretary Dipankar Bhattacharya too raised the same question. “Do we no longer have any signalling and safety system in Indian railways? Or will such terrible tragedies become the new normal for rail travel in India? We owe an answer to the victims and to the families who lost their near and dear ones in this mishap,” he said in a tweet.
The CPI and RJD also demanded that Railway Minister Ashwini Vaishnaw resign over the incident.
“Government concentrates only on luxury trains. Trains and tracks of common people are neglected. Orissa deaths are the result of it. Rail minister should resign,” CPI MP Binoy Viswam said in a tweet.
RJD chief said Lalu Prasad said,”I extend my heartfelt condolences to the victims and their families. A high-level inquiry must be ordered to find out the reason behind the accident, and also fix the responsibilities.”
“The government at the Centre has completely destroyed Indian Railways. They are least bothered about the safety of the passengers. It’s sheer negligence on the part of the railway authorities,” he told reporters.
Some Congress leaders also called for Vaishnaw’s resignation.
Tagging a tweet by Vaishnaw on ex-gratia compensation to victims of the accident, Congress’ MP from Odisha Saptagiri Ulaka said, “You should resign first.”
Ask some person to investigate the reason for this mishap and do course corrections, as well as ensure support to the injured, the MP said.
“Avoid such insensitive tweets at times of pain, anger and deep personal loss,” Ulaka said.
The accident highlights the infrastructural deficiencies of the Railways and lapses in passenger safety, Bihar minister and JD(U) leader Sanjay Kumar Jha said, noting that Nitish Kumar had resigned as railway minister in August 1999 taking moral responsibility for the Gasel train
Gurdeep Singh Sappal, co-ordinator in the Congress president’s office, said, “Resignation in such cases is expected not just on moral grounds. Resignation is also a means to ensure that those in power and accountable for the accident do not influence such ‘high-level inquiry’.”
“That’s why the norm is that the officers in the chain of command are suspended and the minister resigns!” he said.
Congress parliamentary party chairperson Sonia Gandhi said she was most pained and anguished by the terrible train disaster in Odisha.
“I extend my deepest sympathy and condolences to all the bereaved families,” she said in a statement.
Kharge and former party chief Rahul Gandhi on Friday night expressed sadness over the tragedy and urged party workers and leaders to extend all support needed for the rescue efforts.
President of the ruling Bharatiya Janata Party, JP Nadda, in a tweet said the BJP has decided to postpone all its programmes marking the completion of nine years of its government at the Centre in the wake of the accident.
The Tamil Nadu government cancelled all official programmes including the centenary celebration of former chief minister and Dravidian stalwart M Karunanidhi on Saturday in view of the train tragedy.
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Saturday, 3 June 2023
SBI Life to take over Sahara’s insurance business: Regulator
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MP govt derecognises Ganga Jamuna School following hijab row
Bhopal: Madhya Pradesh government has derecognised the registration of Ganga Jamuna Higher Secondary School in Damoh, where a hijab controversy had erupted a couple of days back.
An order in this regard was issued by the district education department on Friday evening.
In its notification, the education department said the decision has been taken on the basis of the findings of a team which carried out an inspection of the school.
During the inspection, several flaws were found in the school, including in potable water, bathrooms for girl students and many more.
“Ganga Jamuna School in Damoh has been found not complying with the norms set by the state education department, and therefore a decision has been taken to derecognise its registration with immediate effect,” read the notification, which, however, did not mention the hijab controversy.
The school landed in a controversy on Tuesday when it pasted on its wall a poster congratulating its board exam toppers.
Using the pictures of the same poster, various right wing outfits, including the VHP and ABVP, alleged that non-Muslim girl students were forced to wear hijab as seen in their pictures.
There were also allegations that the students were made to sing verses penned by Muhammad Iqbal.
Following this, Damoh District Collector Mayank Agrawal constituted a high-powered committee to probe the allegations levelled against the school.
Chief Minister Shivraj Singh Chouhan had said, “I came to know about our daughters being forced to come to the school with their heads covered. I want to warn everyone that such acts won’t be tolerated in MP. Only the education policy implemented by the Narendra Modi-led government will be applicable in the state. Any school which teaches anything which isn’t in line with the New Education Policy or forces its girl students to wear a scarf or anything else to cover their head will not be allowed to operate in MP.”
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Shankar Chaudhary of BJP re-elected chairman of biggest milk coop
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Maharashtra police constable held in Karnataka in Rs 2,000 note exchange scam
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Friday, 2 June 2023
Two MP men detained with 23 kg sandalwood from Talala town near Gujarat’s Gir forest
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BJP councillors alleges ‘assault’ at police station, inquiry ordered
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Sharad Pawar meets Shinde, Adani in separate meetings
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Hyderabad: How a missed call turned love affair ended in tragedy
Hyderabad: An extra-marital affair between a school teacher named Sujatha, 45, and her supposed lover, Rajesh, 25, an engineering student, is suspected to be the reason behind their suicides that transpired over the past week.
D S Chauhan, Rachakonda police commissioner, told media persons that one year ago Rajesh, who was staying in Chaitanyapuri and is a native of Mulugu district, dialled Sujatha’s phone number by mistake and they began speaking. An innocuous call soon turned into a full-fledged love affair.
Both of them soon got acquainted with each other and started chatting on the phone regularly. Sujatha and Rajesh started meeting and got into a relationship. Slowly Sujatha realized that their relationship was a waste as she was married with three grown up children, and Rajesh was just 25 years old.
Rajesh reportedly also felt the same that he was in a relationship with a woman double his age and thought it was useless too.
“Assuming there is no solution to their problem, both decided to end their lives. On May 24, Sujatha and Rajesh went to a fertilizer shop and purchased one bottle of pesticide from there. On 25 May, Sujatha sent a message on whatsapp to Rajesh telling she was ending her life and consumed it. Family shifted her to hospital and she passed away,” said D S Chauhan.
Rajesh tried to contact Sujatha on phone and when calls went unanswered he went to the residence of Sujatha at Hayathnagar and enquired about her. Srivani, daughter of Sujatha, got suspicious and informed his brother Jaswanth and other two friends.
“The trio caught hold of Rajesh at Kuntloor Hayathnagar and on checking his mobile phone found he was the person who was chatting with their person and she sent a message to him before taking poison,” said the Commissioner.
Jaswanth and others warned Rajesh and left the place. “Rajesh went to a pesticide shop and purchased a bottle of pesticide and liquor. Afterwards, he is suspected to have consumed the pesticide and died. His body was found on 29 May,” said the officer.
The police registered a case of murder initially after noticing the body was naked. After a preliminary autopsy report the police came to know it was a case of consuming poison.
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Jannik Sinner exits French Open after wasting match points in thriller
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Jewellery firm employees from Hyderabad looted of cash, ornaments worth Rs 2.62 crore in Mumbai
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Thursday, 1 June 2023
Personal secretaries to Union, state ministers among 77 bureaucrats promote
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Watch: Saudi astronauts land safely on Earth
The two Saudi astronauts arrived on Earth on Wednesday morning after completing a successful eight-day AX-2 mission on the International Space Station (ISS).
Rayyanah Barnawi and Ali Al Qarni made history as the first Saudi citizens to go on a mission to the orbiting outpost.
Thirty-three-old Barnawi has also become the first Arab woman to go to space.
The SpaceX Dragon capsule, which was carrying two Saudi astronauts and two American astronauts, made a parachute-assisted splashdown off the coast of Florida at 7:04 a.m. GST.
The AX,2 crew, which also included Americans, Peggy Whitson and John Shoffner.
In a series of tweets, the Saudi Press Agency (SPA) published a number of videos of the successful landing of the “Dragon” spacecraft after a 12-hour flight from the ISS.
They carried out several science experiments during their time on the ISS, including ones focused on life sciences and weather technology.
On Tuesday, Al Al Qarni tweeted, “Thank you @Space_Station team for your hospitality, and hopefully we will come again with more scientific experiments.”
“Every story comes to an end, and this is only the beginning of a new era for our country and our region.. thanks to everyone who have helped us,” Barnawi tweeted.
The two Saudi astronauts were launched into space towards the International Station on Sunday, May 21, from Launch Complex “39A” at the Kennedy Space Center of the American Space Agency “NASA”, on a journey that took about 15 hours.
This is the first flight that Saudi Arabia has undertaken into space since 1985, when Prince Sultan bin Salman Al Saud, the first Arab Muslim astronaut, made it.
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Mikael Ymer fined about $40K after default for hitting umpire stand with racket
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Cabinet approves scheme for circular economy in Smart Cities
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IIT student’s suicide: Darshan told family members about caste discrimination, says chargesheet
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Carlos Alcaraz sees off Taro Daniel to reach French Open third round
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Andriy Shevchenko to raise money for Ukrainian school through London charity game
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Wednesday, 31 May 2023
IIT student’s suicide: Solanki was concerned over poor marks, as per chat, says chargesheet
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Punjab Cabinet reshuffle in offing with minister submitting resignation
Chandigarh: Punjab Chief Minister Bhagwant Mann on Tuesday forwaded the resignation of Local Government Minister Inderbir Singh Nijjer from the Council of Ministers to Governor Banwari Lal Purohit for early acceptance.
Disclosing this here, a spokesperson for the Chief Minister’s Office said that in a communique to the Governor, Mann has impressed upon him to accept the resignation of Nijjer, who has resigned from the Cabinet on personal grounds.
The Chief Minister has also proposed the names of Kartarpur MLA Balkar Singh and Lambi MLA Gurmeet Singh Khudian for their induction as Cabinet ministers.
Mann has requested the Governor to accord approval to administer oath of office to the new ministers at 11 a.m. on May 31 at the Punjab Raj Bhavan in Chandigarh.
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PIL says only Centre can withdraw notes, RBI says managing money its domain; HC reserves order
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Rajasthan man held for stealing valuables worth Rs 74.60 lakh from Goregaon jewellery
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At Goa Statehood Day event, Telangana governor’s Hyderabad ‘liberation’ reference
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Medvedev gets Wild shock, Djokovic accused of fanning political flames
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Roma must fight history to beat favourites Sevilla, says Mourinho
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Tuesday, 30 May 2023
Adhir lashes out at TMC for luring his party MLA
Kolkata: Congress’ West Bengal president Adhir Ranjan Chowdhury on Monday hit out at party MLA from Sagardighi Bayron Biswas for joining the TMC saying that the party had decided to give him the ticket because they had faith in his honesty.
Stating that Biswas’ desertion would not have much impact on the party, Chowdhury rubbished his former party colleague’s allegation that he was “unable to work being with the party”.
“I am seeing this (Bayron joining TMC) … I never had a bad impression of Bayron. I would ask Bayron bhai not to label allegations against Congress… If we had not been there with you, you would not be what you are today,” Chowdhury said.
The Congress leader went on to blame the TMC supremo Mamata Banerjee and her nephew and party MP Abhishek Banerjee for luring MLAs from other parties.
“Sagardighi proved that Mamata Banerjee is not invincible. She and her party can be beaten. I will say that you will be the one to suffer the most from the game (of taking in deserters from other parties you started… The whole of India knows that Didi is good at breaking a team.
“But, Didi, do not forget, what goes around, comes around,” he said.
The Congress leader also alleged that Mamata Banerjee “is not willing to accept the people’s verdict which gave Congress a victory in Sagardighi… and hence did everything possible to break our MLA.”
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