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
June 5,2020

New Delhi, Jun 5: Shares of Reliance Industries on Friday gained over 2 per cent to hit their one-year high level after the company announced sale of 1.85 per cent stake in its digital unit, Jio Platforms, to Abu Dhabi-based sovereign investor Mubadala.

On BSE, the heavyweight stock jumped 2.38 per cent to Rs 1,617.70 -- its 52-week high.

It surged 2.41 per cent to its one-year high of Rs 1,618 on NSE.

Earlier in the day, Reliance Industries announced the sale of 1.85 per cent stake in its digital unit to Mubadala for Rs 9,093.60 crore, the sixth deal in as many weeks that will inject a combined Rs 87,655.35 crore in the oil-to-telecom conglomerate to help it pare debt.

"Mubadala Investment Company (Mubadala) will invest Rs 9,093.60 crore in Jio Platforms 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 87,655.35 crore from leading global technology and growth investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala in less than six weeks.

Jio Platforms, a wholly-owned subsidiary of Reliance Industries Ltd, is a next-generation technology company.

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News Network
January 20,2020

New Delhi, Jan 20: Surging inflation and slowing growth are raising serious concerns about the future growth prospects of the economy and as a remedial measure the government should resolve supply-side hurdles and ensure more stringent governance norms, a report said on Monday.

According to the Dun and Bradstreet Economy forecast, even though the Index of Industrial Production (IIP) turned positive in November 2019, it is likely to remain subdued.

"Slowdown in consumption and investment along with high inflationary pressures, geopolitical issues and uncertainty over the recovery of the economic growth are likely to keep IIP subdued," the report noted.

Dun and Bradstreet expect IIP to remain around 1.5-2.0 percent during December 2019.

As per government data, industrial output grew 1.8 percent in November, turning positive after three months of contraction, on account of growth in the manufacturing sector.

On the price front, uneven rainfall along with floods in many states and geopolitical issues have led to a surge in headline inflation even as demand remains muted.

The Consumer Price Index (CPI) in December rose to about five-and-half year high of 7.35 percent from 5.54 percent in November, mainly driven by high vegetable prices.

"The sharp rise in inflation has constrained monetary policy stimulus while revenue shortfall has placed limits on the government expenditure," Dun & Bradstreet India Chief Economist Arun Singh said.

According to Singh, growth-supporting measures and deceleration in growth are likely to cause slippage in fiscal deficit target by a wider margin.

"The government should focus on taking small steps to address the slowdown; in particular, resolve the supply-side hurdles and ensure more stringent governance norms," Singh said.

Unless these concerns are addressed through a comprehensive policy framework, it will not be easy for India to clock a sustainable growth rate to become a USD 5 trillion economy, he added.

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Agencies
May 31,2020

New Delhi, May 31: India registered its highest single-day spike of COVID-19 cases on Sunday with 8,380 new infections reported in the last 24 hours, taking the country's tally to 1,82,143, while the death toll rose to 5,164, according to the Union Health Ministry.

The number of active COVID-19 cases stood to 89,995, while 86,983 people have recovered and one patient has migrated, it said.

"Thus, around 47.75 per cent patients have recovered so far," a senior health ministry official said.

The total confirmed cases include foreigners.

The death toll has gone up by 193 since Saturday morning, of which 99 were from Maharashtra, 27 from Gujarat, 18 from Delhi, nine each from Madhya Pradesh and Rajasthan, seven from West Bengal, six each from Tamil Nadu and Telangana, five in Bihar, three from Uttar Pradesh, two from Punjab, and one each from Haryana and Kerala.

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