India's Kailash, Pak's Malala receive Nobel Peace Prize 2014

December 10, 2014

Oslo, Dec 10: India's Kailash Satyarthi received the Nobel Peace Prize for 2014 today, sharing it with Pakistan's Malala Yousafzai, the youngest ever Nobel laureate, for their work on promoting child rights in the troubled sub-continent, where millions are deprived of their childhood and education.

"Satyarthi and Yousafzai are precisely the people whom Alfred Nobel in his will calls 'champions of peace'," Chairman of the Norwegian Nobel Committee Thorbjorn Jagland said in his speech before awarding them the prize.

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"A young girl and a somewhat older man, one from Pakistan and one from India, one Muslim, the other Hindu; both symbols of what the world needs: more unity. Fraternity between the nations!," he added.

Satyarthi, 60, who gave up his job as an electrical engineer to run an NGO for rescuing children from forced labour and trafficking, and 17-year-old Malala, who survived a near-fatal Taliban attack two years ago with determination advocating education for girls, were named by the Nobel Peace Prize Committee for the prestigious award on October 10.

They received the Nobel medal which is 18 carat green gold plated with 24 carat gold and weighs around 175 grams. They will share USD 1.1 million prize money.

Noting that violence and repression cannot be justified in any religion, Jagland said Islam, Christianity, Judaism, Hinduism and Buddhism protect life and cannot be used to take lives.

"The two whom we honour here today stand very firm on this point. They live according to a principle Mahatma Gandhi gave expression to. He said: 'There are many purposes I would have died for. There are no purposes I would have killed for'," Jagland said, invoking Mahatma Gandhi.

Satyarthi's NGO Bachpan Bachao Andolan (Save Childhood Movement) prides itself on liberating over 80,000 children from bonded labour in factories and workshops across India.

According to the International Labour Organisation (ILO) there are about 168 million child labourers globally. There are roughly 60 million child labourers in India alone.

Malala, who was nominated in the peace prize category last year also, had displayed tremendous courage even after the Taliban attack when she resolutely expressed her determination to carry on with her campaign for child rights and girls education especially in a country like Pakistan.

Speaking after receiving the award, Satyarthi asked audience to feel the child inside them and said the crime against children has no place in a civilised society.

"Children are questioning our inaction and watching our action," he said, adding that all religion teach to take care of children.

Noting that the number of child labour has been reduced by a third, Satyarthi said, "My dream is to make every child free to develop...There is no greater violence than to deny the dreams of children."

Recounting his experience with the unprivileged people, he said, "I am representing the sound of silence of millions of children who are left behind."

"The credit to this honour goes to people who worked and sacrificed for freeing children," he said.

Famed Pakistani singer Rahat Fateh Ali Khan and Indian musician Amjad Ali Khan performed at the award ceremony.

Pakistan's former prime minister Yousuf Raza Gilani was among those present on the occasion.

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News Network
May 17,2020

New Delhi, May 17: Spelling out the government’s fourth tranche of initiatives towards achieving Prime Minister Narendra Modi’s vision of ‘Atmanirbhar Bharat’, Union Finance Minister Nirmala Sitharaman on Saturday announced significant structural reforms in eight sectors of the economy — coal, minerals, defense production, aviation, power distribution in Union territories, space and atomic energy.

Addressing her fourth and the second-last press conference, Sitharaman said crucial sectors such as coal production and exploration, defence production and space would see an increased participation from private entities.

Coal sector:

In the realm of coal exploration, the government has decided to liberalise the entry norms for private entities, which would mean that any interested party could bid for a coal block and sell it in the open market. The minister said that the government would do away with all the eligibility conditions at the time of bidding for a coal block, except requiring an “upfront payment with a ceiling.”

Nearly 50 coal blocks would be offered to private players immediately, revealed Sitharaman.

She further said that Rs 50,000 crore would be spent by Centre in creating ‘coal evacuation’ infrastructure, which would expedite the transport of mined product to the destination.

Defence sector:

In defence production, Sitharaman revealed that the government would raise the foreign direct investment (FDI) limit in the sector from current 49 per cent to 74 per cent. Further, the government would also work towards corporatising the ordnance factory boards. “Corporatising doesn’t amount to privatization,” added Sitharaman.

In a bid to boost indigenous production of defence products and gave an impetus to Make in India, Sitharaman said that the government was in a process of notifying a list of weapons/platforms for an import ban with year-wise timelines.

These decisions would also help in reducing huge import bills, the finance minister said.

Privatisation of electricity:

In another announcement that could have an effect on electricity charges in the union territories, Union Finance Minister Nirmala Sitharaman announced on Saturday that power departments and utilities in all the centrally administered territories would be privatised.

Sitharaman said that the proposed move would lead to better service to consumers and improvement in operational and financial efficiency in distribution.

The finance minister said that decision was guided by 'sub-optimal' utilisation of performance of power distribution and supply'.

She said that the move to that effect would provide a model for emulation by other utilities across the country, in what could be an indicator of what's in the pipeline for utilities in other states as well.

Sitharaman said that the privation reform was in line with the tariff policy reforms and would help in enhancing consumer rights, promote industry and improve the overall sustainability of the sector.

Space sector:

Sitharaman also announced the opening up of the space exploration sector for private players. Till date, the government-run Indian Space Research Organisation (ISRO) has held a monopoly on all activities concerning space exploration and satellite launches.

The Indian private sector will be a co-traveller in India's space sector journey, said Sitharaman, while announcing a series of structural reforms in eight crucial areas of the economy. The Union Finance Minister was addressing her fourth press conference in as many days, as a follow-up towards realising Prime Minister Narendra Modi's vision of 'atmanirbhar Bharat', which was spelled out in his video address on May 12.

Sitharaman said that the reforms in the space sector will provide a level-playing field for private companies in satellite launches and space-based services.

She said that the private sector would be allowed to use ISRO facilities and other assets to improve their capacities. Stating that the government would provide predictable policy and regulatory environment to private players, Sitharaman also disclosed that future projects for planetary exploration and outer space travel among others would be opened up for private entities.

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Agencies
May 4,2020

Mumbai, May 4: Days after Facebook, private equity firm Silver Lake said it will invest 56.56 billion rupees ($746.74 million) in Reliance Industries's digital arm, giving it a valuation of 4.90 trillion rupees. Silver Lake on Monday agreed to pay Rs 5,655.75 crore to buy 1.15 per cent stake in the firm that houses billionaire Mukesh Ambani's telecom arm Jio.

The investment in Jio Platforms comes within days of Facebook investing USD 5.7 billion to buy a 9.99 per cent stake in Jio Platforms. The investment is at a premium of 12.5 per cent to the Facebook deal.

"This investment values Jio Platforms at an equity value of Rs 4.90 lakh crore and an enterprise value of Rs 5.15 lakh crore and represents a 12.5 per cent premium to the equity valuation of the Facebook investment announced on April 22, 2020," Reliance said in a statement.

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News Network
February 22,2020

Feb 22: Prime Minister Narendra Modi is unlikely to accompany US President Donald Trump and his family members during their visit to the Taj Mahal in Agra on Monday, official sources said.

The US President will arrive in Ahmedabad at around noon on February 24 for a less that 36-hour visit to India. He will be accompanied by a high-level delegation including First Lady Melania Trump, the President's daughter Ivanka Trump, son-in-law Jared Kushner and a galaxy of top US officials.

After attending an event at Ahmedabad, the Trumps will travel to Agra on Monday afternoon to visit the Taj Mahal before arriving at the national capital for the main leg of the visit.

When asked about reports that Modi may accompany Trump to Agra, official sources said there was no such plan.

They said the visit to the Taj Mahal in Agra by the US President and his family members will afford them the opportunity to view the historical monument suitably. Therefore, no official engagements or presence of senior dignitaries from the Indian side is envisaged there, the sources said.

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