Modi is favourite PM candidate of Muslims for 2019: Shahnawaz

Agencies
October 28, 2018

New Delhi, Oct 28: Narendra Modi is the "favourite" prime ministerial candidate of Muslims for next year's Lok Sabha polls as he has dispelled the "fear" that several parties instilled in the community using his name, senior BJP leader Shahnawaz Hussain said Sunday.

He said the faith in Modi among Muslims had increased, especially among the women.

"The favourite prime ministerial candidate for Muslims in the 2019 polls is Narendra Modi, because he sees all 132 crore people of the country just as Indians. Other parties have seen them as a vote bank," Hussain said.

Muslims account for around 14 per cent of India's 130 crore population and the community plays a key role in the electoral outcome in a sizeable number of Lok Sabha seats in Uttar Pradesh, Assam, Bihar, West Bengal, Jharkhand, Karnataka, Kerala and Jammu and Kashmir.

Hussain blamed the Congress for the poverty and backwardness of the Muslims in the country, saying the party had done injustice to the community and Modi had given them justice.

"Some people in 2014 used to scare others using Narendra Modi's name. Today, a large number of people from the Muslim community also feel that he is a man who works day and night. Narendra Modi treats all 132 crore Indians alike," he said.

Other parties used to take votes from Muslims by spreading the "fear" of Modi and the Bharatiya Janata Party (BJP) and the prime minister had taken out that fear, Hussain said.

Now they see that Modi is in power but there is no problem, the BJP leader added.

Not a single statement was made by Modi against Muslims, he said, adding that the prime minister's "shamshan-kabristan" statement in the run-up to the Uttar Pradesh Assembly polls last year was "wrongly interpreted" as he had advocated taking care of both.

"In our party, some people may be making (certain) statements, but Muslims have full faith on the statements made by BJP chief Amit Shah and Prime Minister Narendra Modi," the former Union minister said.

"Our party president and our prime minister have never given any statement that would hurt Muslims," he claimed, asserting that the community would back the saffron party big time in the 2019 general election.

Hussain also said Allahabad's name was changed to Prayagraj as "injustice" was done in the past" and now, "justice" had been restored.

"The earlier name was Prayagraj that was changed. To correct that mistake, is it wrong?

"Earlier also, Bangalore's name was changed to Bengaluru, Madras was changed to Chennai. So, how does history come into this," he said, rebutting the Congress's charge that the Modi government was trying to rewrite history.

On the Ram temple issue, Hussain said for the BJP, it was a matter of faith and not a poll plank.

"From October 29, there will be day-to-day hearing (in the Supreme Court). We are hopeful that this issue will be resolved soon and it will be acceptable to all the people in the country.

"Some people are also demanding that a law be made (for the construction of the temple). Everybody has a right to demand, how can anybody stop that? The government has the right to decide and it has not taken any decision in this regard," he said.

Talking about the upcoming Assembly elections in five states, the BJP spokesperson exuded confidence that his party would win in Madhya Pradesh, Rajasthan and Chhattisgarh.

"In Mizoram, the government will not be formed without our support and in Telangana, we will emerge as a big party," he claimed.

Hussain also asserted that the BJP, the Janata Dal (United), the Lok Janshakti Party and the Rashtriya Lok Samta Party will fight the Lok Sabha polls in Bihar together.

He said the alliance with the Nitish Kumar-led JD(U) had boosted the National Democratic Alliance's (NDA) prospects in Bihar and the coalition was focussed on "Mission 40" -- to win all the Lok Sabha seats in the state.

Asked if anti-incumbency would be a factor in Bihar, Hussain said, "I had lost from Bhagalpur by 8,000 votes and Nitish Kumarji's candidate was third, getting 1,60,000 votes. Now those votes will be added to the BJP's kitty...we will fight together and this time, it is Mission 40 -- that we win all the 40 seats."

He also claimed that issues such as rising petrol and diesel prices will not hamper the BJP's poll prospects, saying the people were aware that the fuel problem was a global one.

The Modi government will come to power with a bigger mandate in 2019, Hussain asserted.

Comments

naam ka musalm…
 - 
Monday, 29 Oct 2018

Naam ka musalmaan ye- Amith "sha" nawaz

Abdullah
 - 
Monday, 29 Oct 2018

Lier and theif of India.

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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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Agencies
August 2,2020

New Delhi, Aug 2: Union Home Minister Amit Shah today tested positive for COVID-19 coronavirus infection and has been admitted to a hospital. 

Shah took to social media today to inform about his infection. “I have tested positive but my health is fine," he said, adding that he has been hospitalised on the assistance of doctors. 

The Union Home Minister also appealed to those who came into close contact with him in the last few days to get themselves tested for COVID-19.

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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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