All corrupt leaders in Pakistan will go to jail: Imran Khan

Agencies
October 26, 2018

Islamabad, Oct 26: Promising that all corrupt leaders will go to jail, Prime Minister Imran Khan has said that no politicians and officials who have put Pakistan into the debt trap through their corrupt practices will get protection from any legislation like the defunct National Reconciliation Ordinance (NRO).

The controversial NRO was promulgated in October 2007 by the government of then-president Gen Pervez Musharraf. Under the ordinance, cases against politicians were removed, paving the way for many of them to return to the country. It was declared unconstitutional by the Supreme Court of Pakistan in December 2009.

Addressing the nation on Wednesday to share the details of his efforts to bring cash-strapped Pakistan out of financial difficulties, Prime Minister Khan lashed out at the previous governments for raising Pakistan's debt to Rs 30,00,000 crore.

In a reference to the PPP and PML-N, Khan said the opposition parties that are accusing his government of incompetence are doing so because they fear that "their corruption will be unearthed when we do an audit of the Rs 30,00,000 crore.

"They just want an NRO from us," he said. "I want to give them a message: 'open your ears and hear this: you can come out on the streets. We will give you containers and give you food. You can do whatever you want in the assemblies... (But) no one will get an NRO'," he was quoted as saying by the Dawn.

"No corrupt person will be let go," Khan said, recalling that he had been elected by the nation on the promise that he will "put the corrupt people in jails".

The premier said the country has no future until and unless corruption is rooted out.

"The fake bank accounts... where is all this money coming from? The money is being stolen (from the nation). The country's leaders then have to go and ask for loans abroad... because dollars are laundered out of the country," he said.

He said the entire burden of loans taken by corrupt officials falls on the nation. Taxes are imposed and prices are raised in order for the country to be able to pay back the loans.

"This is the cycle that is functioning in Pakistan... a small class is growing wealthier, while the masses are becoming poorer."

In order to break this cycle, Khan said, the government will ensure accountability is carried out "no matter what anyone does".

Urging the nation to not be dismayed by the economic difficulties, he said his government was cracking down against corruption and money laundering.

"Don't worry at all," he told the nation, adding that people who tolerate a corrupt leadership, unfortunately, have to pay the price for it.

He said the government is making all-out efforts to prevent stolen money from flowing out of the country.

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News Network
March 5,2020

Lucknow, Mar 5: Uttar Pradesh chief minister Yogi Adityanath said last night that the role of teachers would come under the scanner when "anti-India" slogans are raised at universities and institutions of higher education.

"When anti-India slogans are raised at institutions of higher education, we should be prepared to ask why this type of distortion occurrs among our students?" he said at a programme organised by the Basic Shiksha Parishad in Lucknow.

"We begin our work with pledge for the country's unity and integrity and today slogans are raised for the division of the nation. In such a situation, questions are raised over the role of teachers who are considered equal to god in society," he said.

"Who all are involved in this sin and chaos? Governments can provide resources, but the one who has given them basic education, who has given them secondary education and who has led them to that place, all of them should evaluate their actions today," the chief minister said.

Speaking about the condition of education in the state when his government came to power three years ago, he said there was an atmosphere of chaos and anarchy in the state and the condition of basic education was very bad.

"The worst problem was that of proxy teachers. Our government started the process of prohibiting proxy teachers in the first phase," he said.

Adityanath said that a teacher is not just a government servant, but the fate of the nation. He said teachers should learn from Chanakya.

Had Chanakya confined himself to Nalanda University, he would not have been able to make India a superpower of the world during that period. Teachers will have to prepare themselves according to the challenges and need of society, he added.

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Agencies
August 5,2020

Ayodhya, Aug 5: Prime Minister Narendra Modi on Wednesday recalled the significance of the path of 'maryada' associated with Lord Ram in the backdrop of the situation created by COVID-19 and emphasised the importance of social distancing and wearing face masks.

He said that the current situation demands 'maryada' should be 'do gaz ki doori, mask hai zaroori' and exhorted everyone to follow it.

In his speech after laying the foundation stone of the Ram Temple in Ayodhya, the Prime Minister said the temple of Lord Ram will inspire and guide humans for ages to come.

He said that the path of `maryada' followed by Lord Ram is all the more necessary today in the situation created by COVID-19.

"The `maryada' (need) today is do gaj ki doori, mask hai jaroori (keep distance of two yards, wear mask). The Almighty may keep all the citizens healthy and happy, this is my prayer. The blessings of Mother Sita and Shri Ram be always there on the citizens," he said.

The Prime Minister termed the occasion as historic and said that India is starting a glorious chapter when people across the country are excited and emotional to have finally achieved what they had been waiting for centuries.

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News Network
June 25,2020

Jun 25: Tencent Holdings Ltd.'s $40 billion surge this week and the recent ascent of Pinduoduo Inc. have reshuffled the ranking of China's richest people.

The country's largest game developer has surpassed Alibaba Group Holding Ltd. as Asia's most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time. Pinduoduo, a Groupon-like shopping app also known as PDD, has more than doubled this year.

The rallies have propelled the wealth of their founders, with an added twist: Tencent's Pony Ma, worth $50 billion, has surpassed Jack Ma's $48 billion fortune, becoming China's richest person. And Colin Huang of PDD, whose net worth stands at $43 billion, has squeezed real estate mogul Hui Ka Yan of China Evergrande Group out of the top three earlier this year, according to the Bloomberg Billionaires Index.

The coronavirus pandemic has accelerated the digitization of the workplace and changed consumers' habits, boosting shares of many internet companies. Now tech tycoons are dominating the ranks of China's richest people. They occupy four of the top five spots: Ding Lei of Tencent peer NetEase Inc. follows China Evergrande's Hui.

‘Perform Strongly'

Tencent has come a long way since hitting a low in 2018, when China froze the approval process for new games. Since then, the stock has almost doubled, and last month the tech giant reported a 26 per cent jump in first-quarter revenue.

“Tencent's online games segment will probably perform strongly through the Covid-19 pandemic, and most of its other businesses are relatively unscathed,” said Vey-Sern Ling, a Bloomberg Intelligence analyst.

That has been a boon for Pony Ma, 48, who owns a 7 per cent stake in the company and pocketed about $757 million from selling some 14.6 million of his Tencent shares this year, data complied by Bloomberg show.

The native of China's southern Guangdong province studied computer science at Shenzhen University and was a software developer at a supplier of telecom services and products before co-founding Tencent with four others in the late 1990s. At the time, the company focused on instant-messaging services.

It has been a long comeback for Pony Ma. He overtook real estate tycoon Wang Jianlin as China's second-richest person in 2013 and topped Baidu Inc.'s Robin Li as the wealthiest in early 2014. Later that year, Alibaba went public in the U.S., catapulting Jack Ma's fortune.

Bloomberg Intelligence's Ling notes, however, that Tencent's jump this year has lagged behind some internet peers, especially those in e-commerce, games and online entertainment. Just consider: Tencent shares have climbed 31 per cent in 2020, while PDD's American depositary receipts have more than doubled. Alibaba, meanwhile, has advanced just 6.9 per cent.

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