Andhra CM Kiran Reddy resigns over creation of Telangana

February 19, 2014

Reddy_resignsNew Delhi, Feb 19: Andhra Pradesh chief minister N Kiran Kumar Reddy on Wednesday submitted his resignation to governor ESL Narasimhan to protest the UPA government's decision to bifurcate the state and create Telanagna, India's 29th state.

Telangana was created on Tuesday after the bill was passed in Lok Sabha with the BJP coming in support of the UPA to clear the Andhra Pradesh State Re-organisation Bill amid din.

"I'm resigning for failing to fulfil my duties," said Reddy at a press conference in Hyderabad.

His close aide and state social welfare minister Pitani Satyanarayana on Tuesday had confirmed that Reddy will not relent.

Andhra Congress sources said the chief minister's office had on Tuesday made phone calls to several party leaders, informing them about Reddy's decision.

HT was the first to report on February 16 that Reddy has made up his mind to step down from the post.

"The game is not over till the last ball is bowled" had been Reddy's refrain till now but the passage of the Telangana bill appears to have sealed his fate.

The names of state cabinet ministers Kanna Lakshmi Narayana, Ramanarayana Reddy and Raghuveera Reddy are doing rounds as his possible successor.

The buzz in political circles is that Reddy might either form his own political party or join Samaikyandhra Party, but state Congress leaders pointed out that the chief minister has now developed cold feet.

Apparently, a section is of the view that the proposed new party would have no desired impact as Reddy "took really long time" to step down and did not stall the bifurcation.

Half a dozen ministers and several legislators who had rallied behind Reddy were feeling let down by the CM.

"He played a big game with us," said a minister.

Ministers Erasu Prathap Reddy, Ghanta Srinivasa Rao and TG Venkatesh resigned on Tuesday, while others, including Dokka Manikya Prasada Rao and Kondru Murali declared that they were loyal Congress soldiers.

"The CM is only capable of addressing press conferences, not forming a party," said Rao, a minister from Seemandhra.

The Congress leadership had recently issued a stern warning to Reddy to "fall in line" or "face consequences" if he continued to create problems for the party on Telangana.

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News Network
May 11,2020

New Delhi, May 11: Former prime minister Manmohan Singh is stable and under observation at the AIIMS here after suffering reaction to a new medication and developing fever, hospital sources said on Monday.

The 87-year-old Congress leader was admitted to the hospital on Sunday evening after he complained of uneasiness. He has now been shifted out of the ICU.

The sources said that Singh had developed a reaction to a new medication and further investigation is being carried on him to rule out other causes of fever.

"Dr Manmohan Singh was admitted for observation and investigation after he developed a febrile reaction to a new medication," the sources said.

"He is being investigated to rule out other causes of fever and is being provided care as needed. He is stable and under care of a team of doctors at the Cardiothoracic Centre of AIIMS," they said.

"All his parameters are fine. He is under observation at the AIIMS," a source close to him has said.

Singh, a senior leader of the opposition Congress, is currently a Member of Rajya Sabha from Rajasthan. He was the prime minister between 2004 and 2014.

In 2009, Singh underwent a successful coronary bypass surgery at the AIIMS. A number of leaders expressed have expressed concern over his health and wished him a speedy recovery.

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News Network
May 3,2020

New Delhi, May 3: Union Health and Family Welfare Minister Dr Harsh Vardhan on Sunday said that India's COVID-19 mortality rate of 3.2 per cent is the lowest in the world and over 10,000 coronavirus patients have been discharged from hospitals after recovering from the disease so far.

"Today more than 10,000 COVID-19 patients have been discharged. Those still admitted at hospitals are on the road to recovery. If in last 14 days doubling rate was 10.5 days, then today it is around 12 days," the Minister told ANI after visiting Lady Hardinge Hospital.

"Our mortality rate of 3.2 per cent is the lowest in the world," he said.

With 2,644 more COVID-19 cases and 83 deaths in the last 24 hours, the number of people infected from coronavirus in the country has reached 39,980 including 1,301 deaths, said the Union Ministry of Health and Family Welfare on Sunday.

Currently, there are 28,046 active cases while 10,633 COVID-19 positive patients have been cured/discharged.

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News Network
July 23,2020

New Delhi, Jul 23: Riding high on foreign investors buying stakes in Jio Platforms, Reliance Industries Ltd Chairman Mukesh Ambani became the world’s fifth-richest person Wednesday, edging past American investor Warren Buffett on the real-time ranking of billionaires by Forbes. With an estimated wealth of $75 billion, Ambani is only next to Facebook co-founder and CEO Mark Zuckerberg, whose wealth is pegged at $89 billion.

Buffet had slipped down the rankings after donating more than $37 billion of Berkshire Hathaway Inc. stock since 2006 to charity. Berkshire Hathaway’s stock performance has also underwhelmed recently.

Amazon founder and CEO Jeff Bezos still sits at top in the richest list, with a net worth of $185.8 billion. He is followed by Microsoft co-founder Bill Gates with net worth of $113.1 billion and luxury group LVMH Moet Hennessy Louis Vuitton’s chief Bernard Arnault, with a net worth of $112 billion. Facebook CEO Mark Zuckerberg is at the fourth position in the Forbes list.

Shares of Ambani’s conglomerate have more than doubled since a low in March as its digital unit got more than $15 billion in investments from companies including Facebook Inc, Silver Lake, Intel, and most recently, Google. The US tech giant has committed a capital infusion of Rs 33,737 crore for a 7.7 per cent stake on Jio Platforms.

The total investment from financial and strategic investors into Jio Platforms stands at Rs 1,52,056 crore. RIL has raised a total of Rs 2,12,809 crore through a rights issue, the combined investments in Jio Platforms and investment by BP.

During the Reliance AGM last week, Ambani had said RIL has made its net-debt free ahead of a March 2021 target due to recent investments. Ambani said Jio has designed and developed a complete 5G solution that’s ready for launch as soon as spectrum is made available next year.

Jio and Google have also entered into a commercial agreement to jointly develop an entry-level affordable smartphone with optimisations to the Android operating system and the Play Store, Ambani said.

RILs market value jumped to Rs 12.7 lakh crore or $170 billion on Monday, making it the 51st most valued company in the world. Between April 1 and July 13, RIL has gained $81 billion in market capitalisation and has climbed 47 places from being the 98th most valued company on April 1 to 51st most value company now.

The share price of RIL has risen by 120 per cent over the last four months for Rs 883 per share on March 23, 2020 to Rs 1,939 on Monday. Since April 22, when Facebook Inc announced an investment of Rs 43,574 crore in Jio Platforms for 9.99 per cent equity stake, Jio Platforms has announced investments by 12 other investors. The total investment by these 13 investors over the last 12-weeks amounted to Rs 118,318 crore.

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