Historic Gandhi statue unveiled at Britain's Parliament Square

March 14, 2015

London, Mar 14: A historic bronze statue of Mahatma Gandhi was unveiled today at the Parliament Square here, standing adjacent to iconic leaders like Britain's war-time Prime Minister Winston Churchill and anti-apartheid icon Nelson Mandela.

A galaxy of political leaders led by British Prime Minister David Cameron and Finance Minister Arun Jaitley were joined by Bollywood legend Amitabh Bachchan and the Mahatma Gandhi's grandson Gopalkrishna Gandhi at the ceremony to unveil the 9-foot statue of India's Father of the Nation.

Historic Gandhi

Gandhi is the first Indian and the only person never to have been in a public office to be honoured with a statue at the Square.

The statue was unveiled jointly by Cameron and Jaitley as chants of "Raghupati Raghav Raja Ram", a popular bhajan that was Gandhi's favourite, reverberated in the air.

"This statue is a magnificent tribute to one of the most towering figures in the history of world politics and by putting Mahatma Gandhi in this famous Square we are giving him an eternal home in our country," said Cameron.

Quoting some of Gandhi's famous words, Cameron highlighted how his teachings remain as potent today.

"This statue celebrates the incredibly special friendship between the world's oldest democracy and its largest, as well as the universal power of Gandhi's message," Cameron said.

"Our ties with India have remained close throughout history and continue to go from strength to strength –- through mutual respect as equals, cooperation and trade, and of course through the one-and-a-half million Indians who do so much to make Britain the country it is today, bringing our two countries closer, to the benefit of both," he said.

Jaitley, invited to the UK especially for the unveiling, said the statue was a tribute to the British sense of civility that they now choose to honour someone who was conventionally regarded as their adversary.

"It is a great tribute to both British liberalism and British democracy that they have now chosen Gandhi to share what is the most prominent public space in this country. It is a great day when two adversaries and contrarian viewpoints converge to appreciate each other," Jaitley said.

"The statue will help ensure that the legacy of Gandhi lives on for future generations. It also marks an important, historic moment celebrating the strong bond between our two nations. India and the UK share the same values and we are a partnership of equals. This lasting friendship is just one of many legacies left by Gandhi, which I am keen that we work hard to strengthen further," he said.

His words were echoed by UK Treasury minister and Indian Diaspora Champion Priti Patel, who said: "Gandhiji was a man who became a great agitator of the British government back then. We have now got him coming to Parliament Square in front of the mother of all Parliaments. It is incredibly symbolic."

The sculptor, Philip Jackson, described his creation as an important symbol in the global fight against terror.

"We live in an age where terrorism and acts of random violence are used in an attempt to effect change. Gandhi's sculpture reminds us all that great change can be achieved peacefully and without violence," said the well-known British figurative artist.

Mahatma Gandhi's statue now stands exactly opposite Britain's Houses of Parliament in the Palace of Westminster with Churchill for company, an irony given the British ex-premier's dismissive thoughts of someone he described as a "half naked fakir".

It depicts the leader of the Indian national movement wrapped up in a shawl to shield himself from the London cold during his last visit to the British capital in 1931.

NRI economist and founder of the Gandhi Statue Memorial Trust, Lord Meghnad Desai, described the unveiling as "great occasion for India, UK and the world."

"Gandhi belongs to the whole world but has now found a home in the centre of London, a city which he loved. Let everyone come from everywhere and see for themselves Gandhi in Parliament Square in London," he told PTI.

Lady Kishwar Desai, a Trustee behind the 1-million pound global fund-raising efforts for the statue, said, "To have a permanent memory of Mahatma Gandhi in front of the British Parliament is something every Indian and British-Asian would have wished for."

The move to install Gandhi's statue was announced during an official UK ministerial visit last year and donors have included leading Indian-origin businessmen like steel tycoon Lakshmi N Mittal, Infosys co-founder Narayana Murthy and his family and Bajaj Auto chief Rahul Bajaj.

The sculpture is aimed as a focal point for commemoration of the 100th anniversary of Gandhi's return to India from South Africa to start India's struggle for freedom, as well as the passing of 70 years since his death in 2018, and the 150th anniversary of his birth in 2019.

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News Network
April 22,2020

London, Apr 22: The UK government on Tuesday announced a 20 million pounds funding for a University of Oxford project working on developing a vaccine against the novel coronavirus, which is now ready for acceleration as it begins human trials from Thursday.

UK Health Secretary Matt Hancock told the daily Downing Street briefing that the Department for Health was “throwing everything” at trying to find a vaccine because it is a critical aspect of the COVID-19 pandemic fight and lifting the strict lockdown measures in place to curb its spread.

Another 22.5 million pounds is being made available to Imperial College London to support its phase-two clinical trials for them to begin the work on a very large phase three trial.

"Normally it would take years to get to this point," said Hancock.

"The UK is at the forefront of the global effort – we've put in more money than any other into the global search for a vaccine. Nothing about this is inevitable. Vaccine production is a matter of trial and error. But the UK will throw everything it has at trying to find one,” he said.

The announcement came as Britain had another major daily leap in the hospital death toll from coronavirus, up by 823 to hit 17,337 on Tuesday.

But the Cabinet minister said the government's plan to control the rapid spread of the virus and prevent the state-funded National Health Service (NHS) from being overwhelmed is working as the number of hospitalisations with COVID-19 was showing a downward trajectory.

In reference to a major issue in the last few weeks of a critical shortage of personal protective equipment (PPE) for doctors and nurses on the frontlines of COVID-19 treatment, the minister said the supply problems are being addressed by actively engaging with thousands of companies, including 159 UK manufacturers.

“We are determined to get people the PPE they need. This is a 24/7 operation, one of the biggest cross-government operation I have ever seen," said Hancock.

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Agencies
July 3,2020

The dollar's dominance will slowly melt away over the coming year on weakening global demand and a sombre U.S. economic outlook, according to a Reuters poll of currency forecasters whose views depend on there being no second coronavirus shock.

Despite fears a surge in new Covid-19 cases would delay economies reopening and stymie a tentative recovery, world stocks have rallied - with the S&P 500 finishing higher in June, marking its biggest quarterly percentage gain since the height of the technology boom in 1998.

Caught between bets in favour of riskier investments, weak U.S. economic prospects as well as an easing in the thirst for dollars after the Federal Reserve flooded markets with liquidity, the greenback fell nearly 1.0 per cent last month. It was its worst monthly performance since December.

While there was a dire prognosis from the top U.S. medical expert on the coronavirus' spread, the June 25-July 1 poll of over 70 analysts showed weak dollar projections as Fed Chair Jerome Powell on Monday reiterated the economic outlook for the world's largest economy was uncertain.

"The dollar rises in two instances: when you see risk off or when there is a situation where the U.S. is leading the global recovery, and we don't think that's going to be the case anytime soon," said Gavin Friend, senior FX strategist at NAB Group in London.

"The U.S. is playing fast and loose with the virus, and chronologically they're behind the rest of the world."

Currency speculators, who had built up trades against the dollar to the highest in two years during May, increased their out-of-favour dollar bets further last week, the latest positioning data showed.

About 80 per cent of analysts, 53 of 66, said the likely path for the dollar over the next six months was to trade around current levels, alternating between slight gains and losses in a range. That suggests the greenback may be at a crucial crossroad as more currency strategists have turned bearish.

But more than 90 per cent, or 63 of 68, said a second shock from the pandemic would push the dollar higher. Five said it would push the U.S. currency lower.

Much will also depend on debt servicing and repayments by Asian, European and other international borrowers in U.S. dollars.

While an early shortage of dollars in March from the pandemic's first shock pushed the Fed to open currency swap lines with major central banks, international funding strains have eased significantly since. In recent weeks, usage of the facility has reduced dramatically.

That trend is expected to continue over the next six months with major central banks' usage of swap lines to "stay around current levels", according to 32 of 46 analysts. While 13 predicted a sharp drop, only one respondent said use of them would "rise sharply".

The dollar index, which measures the greenback's strength against six other major currencies, has slipped over 5 per cent since touching a more than three-year high in March.

When asked which currencies would perform better against the dollar by end-December, a touch over half of 49 respondents said major developed market ones, with the remaining almost split between commodity-linked and emerging market currencies.

"The dollar is so overvalued, and has been overvalued for a long time, it's time now for it to come back down again, as we head towards the (U.S.) election," added NAB's Friend.

Over the last quarter, the euro has staged a 1.8 per cent comeback after falling by a similar margin during the first three months of the year. For the month of June, the euro was up 1.2 per cent against the dollar.

The single currency was now expected to gain about 2.5 per cent to trade at $1.15 in a year from around $1.12 on Wednesday, slightly stronger than $1.14 predicted last month. While those findings are similar to what analysts have been predicting for nearly two years, there was a clear shift in their outlook for the euro, with the range of forecasts showing higher highs and higher lows from last month.

"In comparison to even a month or two ago, the outlook in Europe has improved significantly," said Lee Hardman, currency strategist at MUFG.

"I think that makes the euro look relatively more attractive and cheap against the likes of the dollar. We're not arguing strongly for the euro to surge higher, we're just saying, after the weakness we have seen in recent years, there is the potential for that weakness to start to reverse."

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News Network
July 1,2020

Tehran, Jul 1 As many as 19 people have been killed in an explosion and fire at a medical facility in Tehran.

A total of 19 people, including 15 men and 4 women, were killed in the explosion, the emergency services confirmed, RT reported citing KhabarOnline website.

According to a regional official, a gas leak caused the incident. Sputnik quoted a deputy head of Tehran police as saying to YJC news outlet that oxygen tanks exploded in the semi-basement of the clinic.

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