'BJP's attempts to divide have been defeated'

News Network
December 24, 2019

New Delhi, Dec 24: With the JMM-Congress-RJD alliance set to form the government in Jharkhand, several opposition parties on Monday linked the mandate to the CAA and the NRC, saying people have demolished "arrogance" of the BJP, which attributed its defeat to local issues and "internal strife" in the state.

Jharkhand Mukti Morcha's working president Hemant Soren, the chief ministerial candidate of the alliance, said with the electoral mandate, a new chapter begins which will prove to be a milestone.

Speaking to the media, he said the opposition partners will meet to chalk out the strategy for the future.

Congress president Sonia Gandhi said the JMM-Congress-RJD alliance's victory in the Jharkhand Assembly polls was of "extreme contemporary importance" and asserted that the people have defeated the BJP's attempts to divide the society on caste and religious lines.

Former Congress president Rahul Gandhi congratulated the party, its coalition partners and workers on the decisive victory of the alliance in Jharkhand, while party general secretary Priyanka Gandhi Vadra said the people want to hear from the government on employment, bread, water, forest, land, farming and trade, but the BJP tried its best to "divide the people to hide its failed politics".

"Today the public's answer has come. Congratulations to all the members of the grand alliance. Congratulations to Hemant Soren. Congratulations and love to the Congress workers," she said in a tweet in Hindi.

Meanwhile, outgoing Jharkhand Chief Minister Raghubar Das took responsibility for the electoral verdict, saying it was his defeat and not of the BJP.

Prime Minister Narendra Modi congratulated Soren for the victory and extended his best wishes to the alliance while BJP president Amit Shah said his party respects the mandate of voters and also expressed his gratitude to the people of Jharkhand for giving the BJP a chance to govern the state for five years.

In his tweets after the BJP lost power in the state, Modi said his party would continue serving it and raising people-centric issues.

With the polls outcome clearly giving a majority for the Soren-led alliance, Congress leader P Chidambaram said the BJP is not unbeatable and urged opposition parties to join forces against the ruling saffron party.

Congratulating Soren, West Bengal Chief Minister and TMC supremo Mamata Banerjee said people have faith that he would fulfil their aspirations.

Banerjee also said that elections were held amid protests over the Citizenship Amendment Act and the proposed countrywide NRC, and extended good wishes to the "brothers and sisters" of the neighbouring state for voting in favour of the JMM-Congress-RJD alliance.

The Sharad Pawar-led NCP said people of Jharkhand have demolished the "arrogance" of Modi and the saffron party president Shah.

The Shiv Sena, which recently severed ties with the BJP, said the Jharkhand polls have shown that people are not buying the saffron party's politics based on sentimental issues like the National Register of Citizens.

Delhi Chief Minister Arvind Kejriwal said the Jharkhand results appeared to be a verdict against the NRC and the CAA, and reflected the public reaction to the "arrogance" of the BJP visible across the country.

The Aam Aadmi Party (AAP) supremo also said the BJP leaders have "aggressively" campaigned in the last two phases of the Jharkhand Assembly polls, raising the issues related to the CAA and the NRC.

"Inability of local leadership to convince the electorate for repeat of the mandate and internal strife within the party also appeared to have a significant fall out. A detailed analysis will be done," he said.

BJP's face in the state Das faced a challenge from his former cabinet and party colleague Saryu Roy, who left the party after being denied ticket from Jamshedpur (West) seat. Roy contested the poll from the Jamshedpur (East), a seat held by Das five times, as an Independent and was leading by a huge margin.

"We have seen that local elections are increasingly influenced by the performance of the local government and local factors," Rao said, referring to recent assembly polls in Haryana and Maharashtra besides Jharkhand.

Asked about the impact of the CAA on Jharkhand elections, BJP vice president Shivraj Singh Chouhan said state elections are fought on different issues and rejected suggestions that the Jharkhand elections was a litmus test for the Act.

Congress General Secretary in-charge for Organization K C Venugopal said the results were a "substantive and clear mandate against divisive and disruptive political actions" of PM Modi and BJP.

The people of Jharkhand have rejected the anti-people and anti-constitutional policies of the BJP, he said in a statement.

Instead of talking about development in respective states or issues of common people, the BJP and PM Modi were trying to fool the people by their narrow minded divisive political actions and sectarian agenda, he alleged, adding that people of Jharkhand have given a befitting reply to them.

The AICC in-charge for Jharkhand, RPN Singh, said, "PM Modi and Union Home Minister Shah tried to divert the attention of people away from fundamental issues but people did not get swayed."

Reiterating that Soren of JMM will be the CM as declared earlier, Singh said Jharkhand results are a defeat of the BJP's "arrogance and diversionary tactics".

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Agencies
August 6,2020

Ahmedabad, Aug 6: In a major incident, a fire broke out in a Covid-designated hospital in Ahmedabad killing eight coronavirus patients. The mishap occurred in the wee hours of Thursday.

All the victims were in the ICU ward, where the fire is said to have started. Officials said that they all died on the spot while 41 other patients were shifted to other hospitals following a rescue operation. One paramedic staff of the hospital who tried to douse the fire sustained burn injuries.  

Deputy Chief Minister Nitin Patel, who is also the health minister, said that primary information has revealed that fire was caused by the short circuit in the ICU ward where eight patients were under treatment. 

He said that 41 other patients were shifted to Sardar Vallabhbhai Patel hospital. The incident happened at Shrey Hospital in Navrangpura which is one of the Covid-19 designated hospitals. Over 300 patients have recovered at the hospital in the last two months.

Among the victims were five men and three women. They have been identified as Arif Mansuri, Narendra Shah, Manu Rami, Leelvati Shah, Navneet Shah, Jyoti Sindhi, Manu Rami and Ayesha Tirmizi  

Following the incident, Prime Minister Narendra Modi tweeted, "Saddened by the tragic hospital fire in Ahmedabad. Condolences to the bereaved families. May the injured recover soon. Spoke to CM @vijayrupanibjp Ji and Mayor
@ibijalpatel Ji regarding the situation. Administration is providing all possible assistance to the affected."

Soon after the tweet, Chief Minister Vijay Rupani ordered a probe into the matter to be conducted by Additional Chief Secretary (ACS), Home, Sangeeta Singh and ACS (Urban Development) Mukesh Puri. 

They have been asked to submit a report in three days. Meanwhile, the hospital building has been sealed for further investigation. 

The chief minister has ordered a report within three days.

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Agencies
July 30,2020

New Delhi, Jul 30: India's gold demand in 2020 is expected to fall to the lowest level in 26 years with domestic bullion prices hitting a record high and as falling disposable incomes could curtail retail purchases, the World Gold Council (WGC) said on Thursday.

Lower demand by the world's second-biggest bullion consumer could limit a rally in global prices, which hit a record high earlier this month, although it could also reduce India's trade deficit and support the ailing rupee.

"Fast rising gold prices could act as headwinds," said Somasundaram PR, the managing director of WGC's Indian operations.

Local gold futures have jumped 35% so far this year after rising a quarter in 2019.

India's gold consumption in the first half of 2020 plunged 56% on-year to 165.6 tonnes. Meanwhile, the coronavirus-triggered lockdown also slashed demand by 70% in the June quarter to 63.7 tonnes, the lowest in more than a decade, the WGC said in a report published on Thursday.

Millions of Indians have lost their jobs or taken a pay cut after the country imposed a lockdown on its 1.3 billion people to curb the spread of the virus that has infected more than 1.5 million Indians.

Consumption is generally high during the June quarter due to weddings and key festivals such as Akshaya Tritiya, but lockdown restrictions kept shoppers indoors this year.

The weak demand in the first half could drag down India's gold consumption in 2020 to the lowest since 1994, when demand stood at 415 tonnes, Somasundaram said, adding that it is still difficult to provide an estimate for full-year demand as the coronavirus crisis is still unfolding.

"Indian demand has previously jumped as much as 300 tonnes in a quarter. Latent demand could come out in the second half," Somasundaram said.

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News Network
March 10,2020

Mar 10: Indian energy tycoon Mukesh Ambani is no longer Asia’s richest man, relinquishing the title to Jack Ma after oil prices collapsed along with global stocks.

The rout, exacerbated by mounting fears that the spread of the novel coronavirus will thrust the world into a recession, erased $5.8 billion from Ambani’s net worth on Monday and pushed him to No. 2 on the list of Asia’s richest people, according to the Bloomberg Billionaires Index. Ma, the Alibaba Group Holding Ltd. founder who relinquished the No. 1 ranking in mid-2018, is back on top with a $44.5 billion fortune, about $2.6 billion more than Ambani.

Oil plunged the most in 29 years on Monday as Saudi Arabia and Russia vowed to pump more in a struggle for market share. The slump comes just as the coronavirus is spurring the first decline in demand in more than a decade. That raises questions about whether Ambani’s flagship Reliance Industries Ltd. will be able to cut net debt to zero by early 2021, as he has pledged. The plan hinges on a proposal to sell a stake in the group’s oil and petrochemicals division to Saudi Arabian Oil Co., the world’s biggest crude producer.

While the coronavirus has curtailed some of tech giant Alibaba’s businesses, the damage has been mitigated by increased demand for its cloud computing services and mobile apps.

Reliance Industries, by comparison, has no such silver lining. The Indian conglomerate’s shares plunged 12% on Monday, the most since 2009, extending this year’s decline to 26%. Alibaba’s American depositary receipts have slipped 6.8% so far in 2020.

Ma reclaims crown after Reliance shares were pummeled in 2020.

Few of the world’s billionaires fared well in Monday’s collapse as the S&P 500 Index and Dow Jones Industrial Average each plunged more than 7.5%, the most since the 2008 financial crisis, threatening to end the longest bull market in history. But no one did worse than those whose fortunes are underpinned by oil. Wildcatter Harold Hamm’s fortune was cut almost in half to $2.4 billion and fellow oil magnate Jeff Hildebrand lost $3 billion, bumping both from Bloomberg’s 500-member wealth ranking.

In a pivot toward new businesses such as telecommunications, technology and retail, Ambani’s Reliance Industries has piled on billions of dollars of debt over the years.

It spent almost $50 billion -- most of it funded by borrowings -- to build Reliance Jio Infocomm Ltd., which became India’s No. 1 wireless carrier within about three years of its debut. As the mobile venture took off, Ambani also unveiled plans for an e-commerce empire to rival Amazon.com Inc. in India.

Addressing concerns over the liabilities, Ambani pledged in August to cut the group’s net debt to zero from about $21 billion as of last March. The Aramco deal is crucial to that plan for which Reliance Industries has valued its oil-to-chemicals division at $75 billion including debt, implying a $15 billion valuation for the 20% stake that’s for sale.

Signs of a potential delay to that deal unnerved some investors, hammering the stock since it touched a record high on Dec. 19.

Reliance Industries expected the Aramco transaction to be completed by March, but people familiar with the matter said in February that talks were still ongoing to bridge differences between the two parties over the deal’s structure.

Adding to the uncertainty, Indian Prime Minister Narendra Modi’s administration has petitioned a court to halt the proposed stake sale, threatening a key source of funds needed to pare net debt.

But Ambani, 62, may soon bounce back from the setback, said Harish H.V., managing partner at ECube Investment Advisors in Bengaluru, India.

“The game isn’t over,” he said. “Ambani has successfully built a robust business model which would keep him in the game. Moreover, his telecom business will start yielding results in coming years.”

Comments

SmR
 - 
Tuesday, 10 Mar 2020

The curses of the bank depositors savings which vanished with collapsing economy and fraudlent seems to have gradully affecting riches of Ambani's.

 

AU
 - 
Tuesday, 10 Mar 2020

in Holy Quran Allah says; but they plan and Allah plans, and Allah is the best planners..(Surah Al Anfal 8:30)

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