Saturday, 21 April 2012

France votes as Nicolas Sarkozy era hangs by thread

PARIS: More than 44 million French voters were called to the polls on Sunday for the first round of a presidential election that may see the end of Nicolas Sarkozy's turbulent term in office.

 Predictions of a high abstention rate and strong protest vote left the outcome uncertain, but all opinion polls point to the right-wing incumbent coming second to his Socialist challenger Francois Hollande.

 The two 57-year-old political veterans are thus on course to face each other head-to-head in a May 6 run-off, which will decide who runs what is commonly regarded as the world's fifth greatest power for the next five years. Voting began yesterday in France's overseas territories -- islands dotting the Atlantic, Pacific and Indian oceans - and was to continue on Sunday in 85,000 polling stations across the country's European mainland.

 Polling was to open at 11.30 IST and continue to 11.30, whereupon voting estimates based on ballot samples will immediately be published, giving a traditionally accurate picture of how the candidates did.

 In all, ten are in the race, Hollande and Sarkozy being trailed by far-right flag-bearer Marine Le Pen, hard-left firebrand Jean-Luc Melenchon and veteran centrist Francois Bayrou and a handful of outsiders. The campaign has run on for months but has yet to inspire much passion, except for a series of mass open-air rallies by supporters of Melenchon, whose Communist-backed Left Front coalition has made a strong breakthrough. Once the first round is out of the way, Sarkozy and Hollande will face each other in a two week scramble for the line, including a head-to-head televised debate that could be the incumbent's last chance to change his fortunes.

 An average of eight opinion polls conducted on Friday showed Hollande comfortably beating Sarkozy next month by approximately 55 per cent to 45. The final fortnight is expected to see some bitter exchanges. Hollande says Sarkozy has trapped France in a downward spiral of austerity and job losses, while Sarkozy say his rival is inexperienced and weak-willed and would spark panic on financial markets with reckless spending pledges. But there was little sign of such rhetoric on yesterday, as French law prohibits campaigning and opinion polls on the eve of voting. Voters went about their business without being accosted by pamphleteers, the campaigns' websites, Facebook pages and Twitter feeds were left without updates and broadcasters had to find other subjects to interview.

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Friday, 6 April 2012

Jewellers call off strike after meeting Sonia, Pranab

A section of agitating jewellers today called off their 21-day strike after an assurance from Finance Minister Pranab Mukherjee that the government will consider their demand for rollback of excise duty on unbranded jewellery.

"We have decided to suspend the strike till May 10," All India Sarafa Association General Secretary Surendra Jain said.

Karol Bagh Jewellers Association President Vijay Khanna also said that strike has been called off.

Some of traders who met UPA Chairperson Sonia Gandhi in the morning and later Mukherjee, said the Finance Minister has assured them that their grievance with regard to levy of 1 per cent excise duty on unbranded jewellery would be addressed.

However, since the proposal is a part of the Finance Bill pending in Parliament, "there is a protocol to be followed," a trader quoted Mukherjee as saying. The Finance Bill is expected to be taken up for consideration early May.

Congress General Secretary Janardhan Dwivedi said the party has asked the government to consider jewellers' demand sympathetically.

But, the Bombay Bullion Association President Prithviraj Kothari said, "We and other associations will meet tomorrow or day-after to decide whether to continue strike or open our shops."

Bombay-based All India Gems and Jewellery Trade Federation also said that they would decide on the next course of action after consulting 153 affiliated associations.

The bullion traders have been agitating across the country against the proposed excise levy, since March 17 after presentation of the Budget on the previous day. Traders are estimated to have lost Rs 20,000 crore.

Central Board of Excise and Customs (CBEC) Chairman SK Goel said that Mukherjee assured traders that he would address their concerns at the time of consideration of the Finance Bill 2012 in Parliament and associations have agreed to withdraw the strike.

"We will decide on calling off strike...industry lost nearly Rs 20,000 crore due to this strike and the government lost nearly Rs 1,200 crore (in revenue),"All India Gems and Jewellery Trade Federation Chairman Bachhraj Bamalwa said after meeting with the Finance Minister.

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