Lok Sabha election, AAP dominate India discussions at Davos

January 23, 2014

AAP_dominateDavos, Jan 23: The Aam Aadmi Party and talks about next Lok Sabha election seem to be hogging the limelight when it comes to discussions around India at the World Economic Forum's annual talk-fest of the rich and famous from across the globe.

While not many are willing to go on record with their take on 'India's newest political phenomenon' — Arvind Kejriwal-led Aam Aadmi Party — and its potential impact on the upcoming general elections, almost every foreign leader is quizzing their Indian counterparts about these issues.

Some Indian leaders have dismissed AAP's emergence calling it a Delhi-centric development and saying such authoritarian and mob-based politics has no place in the Indian democracy.

Still, they admit that AAP has caught the imagination of people in India and it cannot be wished away as it is making the right noises about the need to improve governance.

While trying to convince foreign investors about the continuity of the Indian growth story, the Indian leaders are also facing tough questions here about the widespread anticipation that the next elections could throw a fractured mandate, said many participants at the WEF.

According to them, AAP's emergence on the political scene has further added to the uncertainty about the outcome of Lok Sabha poll and corporates have begun looking into the possibility of engaging with this new political force.

An Indian-origin chief of a large global conglomerate said he was so impressed with speeches made by Kejriwal that he called him up from overseas and expressed his desire to meet him on his next visit to Delhi.

While seriously wanting to engage with this new phenomenon, the businessman said he could not pursue the same as it would have attracted unnecessary publicity about being aligned with one particular political force that is currently in the eye of storm of every other party.

Industry body CII's director general Chandrajit Banerjee said the political scenario is always very important for the economic policies of a country and therefore general elections are definitely a crucial issue.

"As far as AAP is concerned, it is too early to make a judgement, although emergence of this party has definitely been a curtain raiser sort of thing for everybody," he said, while adding that the CII is also looking at engaging with AAP like it has done with all other political parties.

He admitted that the emergence of AAP has brought to the fore one clear theme — about governance and accountability of the government.

"This could be a big game changer and anybody who comes to power would have to focus a lot on governance and ensure that there is accountability on their part," Banerjee said.

IT major Tech Mahindra's vice-chairman Vineet Nayyar said political elections are always an issue and they create their own anticipations.

"The world cannot be indifferent when one-seventh of the world is going to get a new government. Obviously there is an interest (among foreign leaders here) in Indian elections, because India is very important on the global economic platform," he said.

Global rights group Amnesty International's secretary general Salil Shetty said the emergence of AAP has shown that people "do not accept nonsense anymore" and similar trends are being seen in Brazil, Russia and many other places.

"Accountability to the population has to be there. AAP emergence has at least created a scare among the political leadership that you have to be accountable," he said.

Bharti Group chairman Sunil Mittal said that AAP is an expression of people's thinking.

"I am a keen political observer. For me, AAP is nothing but an expression of people's thinking....

"It will be one of the most difficult elections to predict, but it will be one of the most interesting elections," he said while participating in a session on India here on Wednesday.

During the session, finance minister P Chidambaram had said that AAP should quit if they don't know how to govern.

"That (holding two-day long dharna on Delhi streets) is not governance. That is abdicating governance. If you don't know how to govern, quit," he had said.

On why the Congress party was continuing to support the minority AAP government in Delhi, Chidambaram had said, "Opinion in the party was divided. Local unit took that decision, right or wrong. The point is whoever is in government, must govern".

"You can't mask your inability to govern by street agitations. The line that divides agitation and anarchy is a very thin line and they may have crossed that line in the last few days," he said.

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Agencies
February 20,2020

Tirupur, Feb 20: Nineteen people died in a collision between a Kerala State Road Transport Corporation bus and a truck near Avinashi town of Tirupur district on Thursday morning here.

The bus was on its way to Ernakulam in Kerala from Bengaluru in Karnataka when the mishap occurred.

Deputy Tehsildar of Avinashi Town informed, "19 people that include 14 men and 5 women, died in the collision between the bus and the truck near Avinashi town."

The bodies have been taken to Tirupur government hospital.
Further details are awaited.

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News Network
January 7,2020

Jan 7: India’s monetary authority allowed banks to offer foreign-currency transactions outside of local market hours, a move aimed at boosting trading volumes at home.

Interbank deals, as well as those with customers in and outside India, can be undertaken by banks or their overseas branches and units at all times, the Reserve Bank of India said in a statement late Monday. It stopped short of saying whether the timing of the onshore over-the-counter market has been extended from the current 9 a.m. to 5 p.m.

The move is in line with recent recommendations to reverse the trend of the partially convertible rupee being traded more abroad than in India. London has overtaken Mumbai to become the top center for trading the rupee, adding to a sense of urgency among local authorities to deepen the onshore market.

Average daily volumes for rupee in the U.K. soared to $46.8 billion in April, a more than fivefold jump from $8.8 billion in 2016, according to a survey from the Bank for International Settlements published in September. That exceeded the $34.5 billion recorded in India.

Analysts say more trading abroad could amplify volatility in the domestic market and reduce the effectiveness of policy actions.

India’s decision comes as the London Stock Exchange Group Plc has started asking market participants if they want the bourse to function fewer hours, signaling it’s open to an argument driven by changing trading patterns and calls for a better work-life balance.

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News Network
April 3,2020

New Delhi, April 3: The Government on Thursday launched a mobile app developed in public-private partnership as part of efforts to contain the spread of coronavirus.

"The app, called 'AarogyaSetu' will enable people to assess themselves the risk for their catching the coronavirus infection," an official release said.

It said that the app will calculate this based on their interaction with others, using cutting edge Bluetooth technology, algorithms and artificial intelligence.

"Once installed in a smartphone through an easy and user-friendly process, the app detects other devices with AarogyaSetu installed that come in the proximity of that phone. The app can then calculate the risk of infection based on sophisticated parameters," the release said.

It said that the app will help the government take necessary timely steps for assessing risk of spread of COVID-19 infection and ensuring isolation where required.

"The app's design ensures privacy. The personal data collected by the app is encrypted using state-of-the-art technology and stays secure on the phone till it is needed for facilitating medical intervention," the release said.

It said the app is available in 11 languages and has highly scalable architecture.

"This app is a unique example of the nation's young talent coming together and pooling resources and efforts to respond to a global crisis. It is at once a bridge between public and private sectors, digital technology and health services delivery," the release said.

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