End politics of caste and appeasement, says Adityanath

Agencies
October 16, 2017

Gorakhpur (UP), Oct 16: Uttar Pradesh Chief Minister Yogi Adityanath today stressed on freeing the state from the "politics of caste and appeasement" claiming it had been rampant during the last 15 years.

"To make Uttar Pradesh strong, it is essential that we end the kind of politics being practiced here during the past 15 years," he said.

Adityanath said the focus of his government is on farmers, women, villages and people who were not part of the mainstream, he said.

"India can become able and powerful only when UP becomes able and powerful, and for this we need to end the politics of caste and appeasement which has been in practice for the last 15-20 years," Adityanath, who arrived here on a two-day visit, said.

The chief minister was speaking at the 'bhumi pujan' ceremony of a GAIL gas terminal and a unit of the Hindustan Fertiliser Corporation Limited here.

The chief minister mentioned a number of works being undertaken by his government for the development of the state's Purvanchal region.

"We purchased 37 lakh metric tonnes of wheat from farmers whereas the previous government was not able to purchase even 30 lakh metric tonnes in five years...A new sugar mill will be inaugurated in Gorakhpur which will also have a distillery and power generation unit. It will increase employment in the area," he said.

Asking people concerned to send a proposal for setting up a central school as the one functioning earlier had been closed down, he said development is the way for everyone to move forward.

The chief minister is likely to come here again on October 19 to spend Diwali with the Vantangiyas, a community of forest dwellers.

The Vantangiya community comprises people who were brought from Mayanmar to plant trees for afforestation during the colonial rule.

The community faces problems related to the use of natural forest produce like fruits, honey, wax, wood and leaves to meet their daily needs as the forests inhabited by them are not considered as revenue villages.

Conversion of tribal-dominated forest villages to revenue villages under the provisions of the Scheduled Tribes and Other Traditional Forest Dwellers (Recognition of Forest Rights) Act will enable the administration to adopt development measures such as setting up of schools, dispensaries, and other such facilities in these villages.

Officials said the chief minister, who had raised issues concerning Vantangiyas in the Parliament as an MP, will accord revenue village status to 23 hamlets.

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Fairman
 - 
Monday, 16 Oct 2017

Yogiji said correct for others took 15years, he took less than a year

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News Network
July 27,2020

New Delhi, Jul 27: India's COVID tally on Monday crossed 14 lakh mark with the highest single-day spike of 49,931 cases reported in the last 24 hours, said the Union Ministry of Health and Family Welfare.

The total COVID-19 cases stand at 14,35,453, including 4,85,114 active cases, 9,17,568 cured/discharged/migrated, it added.

With 708 deaths in the last 24 hours, the cumulative toll reached 32,771.

India had crossed 13 lakhs COVID-19 cases on July 25.

Maharashtra has reported 3,75,799 coronavirus cases, the highest among states and Union Territories in the country.

A total of 2,13,723 cases have been reported from Tamil Nadu till now, while Delhi has recorded a total of 1,30,606 coronavirus cases.

According to the Indian Council of Medical Research (ICMR), 5,15,472 samples were tested for coronavirus on Sunday and overall 1,68,06,803 samples have been tested so far.

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News Network
January 21,2020

Jan 21: Indian policymakers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home.

Investors are speculating about potential steps Finance Minister Nirmala Sitharaman could unveil when she presents the nation’s budget on Feb. 1. These measures may include freeing up firms to borrow at higher rates and offering tax breaks to global funds.

“The government will need to relax local rules to make it easier for Indian companies to raise debt overseas and tide over the funding crunch in the onshore market,” said Raj Kothari, London-based head of trading at Jay Capital Ltd. “At the same time, they need to ensure that the borrowers tapping offshore markets abide with stricter corporate governance so as to avoid further defaults.”

A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding. The government has tried a series of measures to spur domestic credit, including providing so-called credit enhancement and allowing tiny firms to restructure debt.

Here are some steps Sitharaman may consider to spur foreign borrowing:

• She could raise the cap of 450 basis points above Libor, which limits overall foreign debt costs for Indian companies

• This could help lower-rated firms sell bonds abroad. Indian companies rated BBB currently borrow at more than 10%, about 3.8 percentage points more than their top-rated peers;

• Sitharaman could waive the withholding tax foreign investors need to pay on holdings of rupee-denominated debt sold by Indian companies abroad

• The waiver was offered between September 2018 to March 2019, but wasn’t extended as the highest global interest rates since the financial crisis deterred Indian borrowers. Since then, the three-month Libor has dropped by about 1 percentage point

• She could permit Indian property developers and housing finance lenders to sell overseas bonds for reasons beyond affordable housing projects

• New funding lines to the real estate sector, arguably ground zero of India’s economic slowdown, could help kickstart consumption and investment as the industry is the nation’s biggest job-creator.

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News Network
February 14,2020

Feb 14: R K Pachauri, a former chief of The Energy and Resources Institute, passed away on Thursday after a prolonged cardiac ailment, TERI Director General Ajay Mathur said.

He was 79.

"It is with immense sadness that we announce the passing away of R K Pachauri, the founder Director of TERI. The entire TERI family stands with the family of Dr Pachauri in this hour of grief," Mathur said in a statement issued by the TERI.

"TERI is what it is because of Dr Pachauri's untiring perseverance. He played a pivotal role in growing this institution, and making it a premier global organisation in the sustainability space," said Mathur, who succeeded Pachauri at TERI in 2015. Pachauri was admitted to Escorts Heart Institute in the national capital where he underwent open heart surgery and was put on life support on Tuesday, sources said.

In the statement issued by TERI, its Chairman Nitin Desai hailed Pachauri's contribution to global sustainable development as "unparalleled".

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