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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence POLITICAL ECONOMY | PART 1: THE TELECOM TEST The Sangh’s Costliest Blunder: Keeping Narendra Modi in the Chair After Demonetisation and a Trail of U-Turns Two private giants, one state-propped survivor, roughly ₹3.22 lakh crore in announced BSNL revival and support packages (spectrum allocation included), and ₹1.41 lakh crore of AGR dues still on the books: telecom shows what happens when one man’s brand becomes the party’s only policy. This is an argument against Narendra Modi, not against the BJP. SYNOPSIS India’s telecom market has narrowed from a messy but real plurality into two dominant private networks, one weak private survivor kept alive by government equity, and a public operator that has needed about ₹3.22 lakh crore in announced support packages and spectrum allocations, not all of it cash. The 2010 spectrum auctions that started the debt spiral were a UPA-era event, and we say so plainly. But a ...
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Trinamool Congress leader booked for ‘attack’ on Durgapur manager
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Kolkata A senior manager of a steel firm was assaulted at his residence in Durgapur on Sunday night allegedly by a Trinamool Congress trade union leader and his supporters.
Arun Kumar Thatoy, general manager (electrical division) of Jai Balaji Industries, was assaulted at his Bidhan Nagar home by over a dozen men allegedly led by INTTUC leader Asim Pramanik. Thatoy was reportedly dragged out and hit on the head and chest and had to be hospitalised.
Pramanik surrendered in court today and was released on bail.
The Jai Balaji Industries unit at Banskopa in Panagarh functioned normally today. “There has been no problem and we were fully functional today, thanks to the cooperation of all the government agencies. There was absolutely no problem today,” said K S Nair, senior manager (personnel administration).
Asked if there was any administrative action on the cards for Pramanik, he said, “We filed an FIR and the rest is up to the law-keepers. We have nothing to do with their work.”
An official of New Township police station said Pramanik and the other three accused — Arun Pal, Pannalal Ghosh and Rabi Acharya — could not be arrested today because they were booked under a bailable offence and had been granted bail by the court.
There was a police posting at the gate of the factory. Pal, Ghosh and Acharya, who were permanent employees of the company, have been suspended by the company authorities.
Joint MD of Jai Balaji Industries Rajiv Jajodia had hinted at a rerun of Haldia when he said that their officials were scared and that they had informed the administration that they would not be able to work there if the situation did not improve.
The company has invested around Rs.4,000 crore in five units in and around Durgapur, providing employment to about 10,000 people.

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