Can spot arsonists by their clothes; their actions prove that Citizenship Act is 1,000% correct: PM Modi

Agencies
December 15, 2019

Dumka, Dec 15: Accusing the Congress and its allies of fuelling violence over the amended Citizenship Act, Prime Minister Narendra Modi on Sunday said the opposition's actions prove that the decision to pass the bill was "1,000 per cent correct", and those indulging in arson "can be identified by their clothes".

"The Congress and its allies are stoking fire over the Citizenship Act, but people of northeast have rejected violence," he said during an election rally here.

"The country is watching; people's faith has been cemented in Modi after the Bill was cleared by Parliament. Their (Opposition) actions reflect that the decision to pass Citizenship (Amendment) Bill in Parliament is 1,000 per cent correct," the prime minister said.

Protests have been raging against the law in northeast and West Bengal, where several railway stations, trains and buses were set afire by mobs over the last two days.

"People who are setting fire (to property) can be seen on TV... They can be identified by the clothes they are wearing," he said without elaborating.

Condemning the overseas protests held by Congress, he said, "For the first time, the Congress did what Pakistanis has been doing for long."

A large number of people had gathered outside the Indian High Commission in London on Saturday to protest the amended Act and what they branded as Modi government's "failures".

"You will be surprised at the events that had unfolded near the Indian High Commission in London after the verdict was announced on Ram Janmabhoomi and the abrogation of Article 370. People from Pakistan, those settled in London, had staged demonstrations outside our embassy," he said.

"Did any Indian stage demonstration near the Embassy? If there is any issue, a person goes to the Embassy, meets the officials, who then send the documents to the central government," Modi explained.

Efforts were being made to tarnish the country's image, he alleged.

Protests have been raging across the entire northeast region and West Bengal over the amended Citizenship Act, as people fear that it might exacerbate the problem of illegal immigration.

Listing the achievements of the BJP governments at the Centre and Jharkhand, the prime minister said, "I am your sevak (servant). I have come here to give an account of the development work done by our party in the state."

He claimed that leaders of the opposition parties have only built palaces for themselves without paying any attention to the problems faced by common people.

The Congress and the JMM have no roadmap or agenda for developing Jharkhand, Modi insisted.

Referring to the sacrifice made by tribal freedom fighters for the country, he sought to know whether the British would have left India, had Birsa Munda, Sido-Kano, Chand- Bhairav and Phulo-Jano cared about personal gains.

"These great tribal martyrs rose above their personal interest to serve the society and the country," Modi said, adding that the BJP has derived its culture from them.

He thanked Vice President Venkaiah Naidu for encouraging MPs to use local languages, including Santhali, in Parliament, while also ensuring their English and Hindi translations were available on headphones.

"Santhal Pargana has a rich language and culture. The government will promote spiritual tourism in the Santhal Pargana, where many temples of Lord Shiva and other temples are situated. I thank vice president Venkaiah Naidu ji for arranging translation of Santhali language in the Rajya Sabha," Modi added. 

Comments

Peace Lover
 - 
Monday, 16 Dec 2019

We the Peace Loving Indians recognized and understood the  intention of desh drohi communal party and thier leaders.  Communal commnets won't work out or accept by patriot INDIANS  so better to stop dress code communalism.

 

 

Jai Hind !

 

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Agencies
February 29,2020

New Delhi, Feb 29: Former RBI governor Raghuram Rajan has said slowdown in growth is due to the current government focussing more on meeting its political and social agenda rather than paying attention to the economy.

India can still reverse its slowing economic growth by paying attention to key issues, he said. "It's a sad story, I think most recently, it is politics," Rajan said in response to a question on what was stopping India's growth which remains below potential.

In an interview to Bloomberg TV, Rajan said unfortunately the current government after a massive election win has "focussed more on fulfilling its political and social agenda rather than paying attention to the economic growth".

"Unfortunately, this drift has continued a pace of slowing growth, which was precipitated initially by some actions the government took such as the demonetisation and a poorly rolled out Goods and Services Tax (GST) reform," Rajan said.

India's GDP growth hit nearly 7-year low of 4.7 per cent in the December quarter, as per official data released on Friday.

The GDP growth for the quarter is the lowest since January-March of 2012-13.

In the interview, which was telecast before the official numbers were released, Rajan said India has not paid sufficient attention to cleaning up the financial sector and unfortunately, that is leading to the slowing growth.

"These are things that they can change if attention is paid to them and appropriate actions are taken," Rajan, Professor of Finance at University of Chicago Booth School of Business, said.

On being asked about the spread of the coronavirus globally and its impact, he said there will certainly be some legacy issues in terms of business rethinking in the global supply chain.

"If it is disrupted anywhere, the entire supply chain is held ransom and companies are going to start rethinking that should we actually have these really spread out global supply chain or to bring them back closer home and how much diversification should we have. Should we have multiple production sites across the world rather than have it focussed primarily in Asia," he said.

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Agencies
July 7,2020

New Delhi, Jul 7: Diesel price in the national capital on Tuesday touched an all-time high following a rate hike after a week-long hiatus.

Diesel price on Tuesday was increased by 25 paise per litre, according to a price notification of state-owned oil marketing companies.

This took the retail selling price of diesel to Rs 80.78 per litre in the national capital - the highest ever.

There was no change in petrol price for the 8th straight day, and it continues to be priced at Rs 80.43 per litre.

Rates vary from state to state depending on the incidence of local sales tax or VAT.

Petrol and diesel price were last revised on June 29.

In the last one month, diesel price has been increased on 23 occasions while petrol rates have risen 21 times.

The cumulative increase since the oil companies started the cycle on June 7, totals to Rs 9.17 for petrol and Rs 11.39 in diesel.

In Mumbai, petrol is priced at Rs 87.19 - unchanged since June 29, while diesel was hiked to Rs 79.05 a litre from Rs 78.83.

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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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