Akhilesh, Mayawati 'PM material' for being CMs: Sinha

Agencies
April 25, 2019

Patna, Apr 25: Under attack within the Congress for describing BSP supremo Mayawati and SP leader Akhilesh Yadav "Prime Minister material", actor-turned-politician Shatrughan Sinha on Wednesday said anyone having successfully ruled a state is competent for the top job in the country.

The Patna Sahib MP, who recently severed his ties with the BJP and joined the Congress which has fielded him from the same seat, also took a dig at Prime Minister Narendra Modi dubbing his interview with actor Akshay Kumar as one conducted after "rehearsals" and with the help of "scriptwriters".

"I hold that a prime minister does not need to have exceptional qualities. It is basically a number game. If you and I have the support of the requisite number of MPs, we too can become the prime minister," he told a news channel here.

"Moreover, I think that anybody who has had a successful tenure as chief minister does have the necessary experience for the top job," Sinha said.

Bihar CM Nitish Kumar is also a prime minister material though the JD(U) president is now with the BJP, he said adding that Mayawati and Akhilesh Yadav also ruled Uttar Pradesh and therefore they too fit the bill.

"After all, what are the credentials of Narendra Modi except that he had served as the chief minister of Gujarat. It was ordinary BJP workers like me who created the buzz around him which resulted in the Modi-Modi-Modi chant heard across the country. I have seen it all. I know the tricks of the game," he said.

Sinha had ruffled many feathers within the Congress when he recently campaigned for his wife Poonam who is contesting from Lucknow on a Samajwadi Party ticket though the Congress has also fielded its candidate from there.

His praise for Mayawati and Akhilesh Yadav has drawn censure from a section of Congress leaders who found it objectionable in the wake of the SP-BSP alliance giving a cold shoulder to the party in Uttar Pradesh.

About Modi's interview by Akshay Kumar telecast earlier in the day, Sinha said, "As far as the prime minister is concerned, I have known him closely as a friend. He gives interviews after lots of rehearsals which are conducted with the help of scriptwriters. What to speak of it?"

He said he knows Akshay and his family well.

Of late he is supporting many a cause through his choice of movies though he has so far been apolitical, the former actor said.

To a query, Sinha said, "I would love to interview Modi, which is not choreographed and rehearsed. But he would not agree to it."

He said Modi must be the only democratically elected prime minister in the world, who has not held a single press conference during the five years he has been in power.

About his wife contesting from Lucknow on SP ticket, Sinha claimed that Congress president Rahul Gandhi and general secretary Priyanka Gandhi Vadra have knowledge of it and supported her candidature.

"We may be contesting from different parties, but we are working towards the common goal of defeating the one-man army and two-man army," he said referring to Modi and BJP president Amit Shah.

Sinha claimed that Akhilesh and Mayawati wanted him to contest from Lucknow.

"But I told them that I am committed to fight from Patna Sahib. Then they said my wife who is a social activist and an active participant in my election campaigns could be a good choice," he said.

So, Sinha said, Lucknow is witnessing a fight between Home Minister Rajnath Singh and the "home minister of Ramayana. We will have a thrilling contest between two home ministers".

Ramayana is the name Sinha's Mumbai residence.

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News Network
March 7,2020

New Delhi, Mar 7: No country in the world says everybody is welcome, External Affairs Minister S Jaishankar said on Saturday, hitting out at those criticising India over the Citizenship (Amendment) Act.

Jaishankar criticised the United Nations Human Rights Council (UNHRC) for its criticism on the situation in Jammu and Kashmir, saying its director had been wrong previously too and one should look at the UN body's past record on handling the Kashmir issue.

"We have tried to reduce the number of stateless people through this legislation. That should be appreciated," he said when asked about the CAA at the ET Global Business Summit. "We have done it in a way that we do not create a bigger problem for ourselves."

"Everybody, when they look at citizenship, have a context and has a criterion. Show me a country in the world which says everybody in the world is welcome. Nobody says that," the minister said.

The external affairs minister said moving out of the Regional Comprehensive Economic Partnership (RCEP) was in the interest of India's business.

Asked about the UNHRC director not agreeing with India on the Kashmir issue, Jaishankar said: "UNHRC director has been wrong before.

"UNHRC skirts around cross-border terrorism as if it has nothing to do with country next door. Please understand where they are coming from; look at UNHRC's record how they handled Kashmir issue in past," he added.

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Agencies
June 18,2020

New Delhi, Jun 18: Reliance Industries Ltd on Thursday said it has sold a 2.32 per cent stake in its digital unit to Saudi Arabia's Public Investment Fund (PIF) for Rs 11,367 crore, taking the cumulative fund raising to about Rs 1.16 lakh crore in two months.

Starting with Facebook Inc on April 22, Reliance has sold almost 25 per cent of equity in Jio Platforms - the maximum reports suggest the company intends to dilute to financial investors.

The investment by Saudi sovereign wealth fund is "at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore", the company said in a statement.

With this investment, Jio Platforms has raised Rs 115,693.95 crore from some of the leading global investment powerhouses at a time when the world is deeply impacted by the coronavirus pandemic, resulting in a recession kind of environment for the global economy.

"With the addition of PIF's investment, Jio Platforms has established partnerships with a marquee set of global financial investors, who will contribute to establishing the Digital Society vision for India," the statement said.

Jio Platforms houses India's biggest telecom firm by subscribers, Reliance Jio. With more than 388 million users, Jio has forced out several rivals and driven consolidation in the sector since entering the market in 2016 with free voice services and cut-price data.

Over the past two months, billionaire Mukesh Ambani's oil-to-telecom conglomerate has announced the sale of about $14 billion of assets, completed a Rs 53,124 crore rights issue and slowed the run rate of new investment by a quarter.

These will help Reliance meet its target of paying off Rs 1.61 lakh crore of net debt by the end of the year.
This is PIF's largest investment into the Indian economy to date.

Ambani, chairman and managing director of Reliance Industries, said, "We at Reliance have enjoyed a long and fruitful relationship with the Kingdom of Saudi Arabia for many decades. From oil economy, this relationship is now moving to strengthen India's New oil (data-driven) economy, as is evident from PIF's investment into Jio Platforms."

Yasir Al-Rumayyan, governor of PIF, commented: "We are delighted to be investing in an innovative business which is at the forefront of the transformation of the technology sector in India. We believe that the potential of the Indian digital economy is very exciting and that Jio Platforms provides us with an excellent opportunity to gain access to that growth."

"This investment will also enable us to generate significant long-term commercial returns for the benefit of Saudi Arabia's economy and our country's citizens, in line with our mandate to safeguard and grow the national wealth of the Kingdom," he said.

The transaction is subject to Indian regulatory and other customary approvals.

Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell acted as legal counsels.

Prior to this deal, Reliance had sold 22.38 per cent of Jio Platforms to investors including Facebook Inc, securing Rs 104,326.95 crore in eight weeks.

Facebook kicked off the party, investing Rs 43,573.62 crore for a 9.99 per cent stake on April 22. This was closely followed by a further Rs 60,753.33 crore in investment.

Silver Lake - the world's largest tech investor - bought a 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore on May 4. It invested another Rs 4,546.80 crore for additional 0.93 per cent stake on June 5, taking its total holding to 2.08 per cent
Private equity KKR and Vista Equity Partners have taken 2.32 per cent stake each for Rs 11,367 crore apiece. KKR invested in Jio Platforms on May 22 while Vista invested on May 8.

Abu Dhabi sovereign wealth fund Mubadala Investment Co picked up 1.85 per cent in Jio Platforms for Rs 9,093.60 crore on June 5. Abu Dhabi Investment Authority on June 7 invested Rs 5,683.50 crore for a 1.16 per cent stake in Jio Platforms.

On May 17, global equity firm General Atlantic picked up 1.34 per cent stake in Jio Platforms for Rs 6,598.38 crore.

Global investment firm TPG on June 13 picked up 0.93 per cent for Rs 4,546.80 crore while L Catterton bought 0.39 per cent for Rs 1,894.50 crore.

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News Network
January 13,2020

New Delhi, Jan 13: The Delhi High Court on Monday sought response of the city police, Delhi government, WhatsApp Inc, Google Inc and Apple Inc on a plea of three JNU professors to preserve data, CCTV footage and other evidence relating to the January 5 violence on the varsity campus.

The Delhi Police informed the court that it has asked the JNU administration to preserve and hand over CCTV footage of the violence.

Justice Brijesh Sethi listed the matter for further hearing on Tuesday.

The court was told by Delhi government Standing Counsel (criminal) Rahul Mehra that the police has not yet received any response from the university administration.

The counsel said police has also written to WhatsApp to preserve data of two groups "Unity Against Left" and "Friends of RSS" including messages, pictures and videos and phone numbers of members, related to JNU violence incident.

The petition was filed by JNU professors Ameet Parameswaran, Atul Sood and Shukla Vinayak Sawant seeking necessary directions to the Delhi Police Commissioner and Delhi government.

The petition also sought direction to the Delhi Police to retrieve all CCTV footage of JNU campus.

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