Lynchers cannot call themselves nationalists: Naidu

Agencies
September 9, 2018

New Delhi, Sept 9: Vice President M Venkaiah Naidu has said those involved in incidents of hate and lynching cannot call themselves nationalists while holding that legislation alone was not enough as a change in societal behaviour was required to prevent such cases.

The vice president also expressed anguish over the politicisation of incidents of lynching, saying such cases should not be linked with political parties.

"Societal change (is needed). This (lynching) is not because of this party or that party. The moment you attribute it to these parties, the cause is lost. That is what is happening, let me be very frank," he said.

Asked about the incidents of hate and lynching, he said it was not a new trend and there were such instances in the past also.

"It is the societal behaviour that has to change...when you kill the other man, how can you call yourself nationalist. On the basis of religion, on the basis of caste or on the basis of colour, or on the basis of gender, you discriminate. Nationalism, Bharat Mata Ki Jai has a wider meaning," Naidu told PTI in an interview on Tuesday.

He said "some of these things" cannot be tackled through legislation alone, and a societal change was needed to check them.

The government has been under attack from Congress and several other opposition parties for a spate of lynchings in various parts of the country in the last couple of years.

According to Home Ministry data, around 40 people were lynched in nine states in the past one year.

The opposition and various civil rights groups have also accused the government of not coming down hard on those involved in the incidents.

On July 17, the Supreme Court said that "horrendous acts of mobocracy" cannot be allowed to overrun the law of the land and issued a slew of guidelines to deal with mob lynching and cow vigilantism. It also asked the Centre to consider enacting a new law to sternly deal with such incidents.

A panel appointed by the government to examine ways to contain such incidents is believed to have recommended framing a new legislation.

"When the Nirbhaya issue came, there was a clamour for Nirbhaya act. Nirbhaya act has come, did they stop. I am not getting into politics, the political parties they have their own way of highlighting it. I (had) said, what is required is not a mere bill, political will, administrative skill, and then go for the kill of the social evil. I had said in Parliament," said Naidu.

Noting that there was also a debate on about nationalism in the country, Naidu said it should also be properly defined and articulated.

"According to me nationalism or 'Bharat Mata Ki Jai' means 'Jai Ho' to 130 crore people. Any discrimination on the basis of caste, creed, sex, religion or region is against nationalism," the vice president said.

In the Nirbhaya case, five men and a juvenile gangraped a woman on the intervening night of December 16-17, 2012 inside a running bus in South Delhi and severely assaulted her. She succumbed to injuries on December 29, 2012, at a Singapore hospital. The woman was given the name Nirbhaya (fearless).

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News Network
March 10,2020

Mar 10: Indian energy tycoon Mukesh Ambani is no longer Asia’s richest man, relinquishing the title to Jack Ma after oil prices collapsed along with global stocks.

The rout, exacerbated by mounting fears that the spread of the novel coronavirus will thrust the world into a recession, erased $5.8 billion from Ambani’s net worth on Monday and pushed him to No. 2 on the list of Asia’s richest people, according to the Bloomberg Billionaires Index. Ma, the Alibaba Group Holding Ltd. founder who relinquished the No. 1 ranking in mid-2018, is back on top with a $44.5 billion fortune, about $2.6 billion more than Ambani.

Oil plunged the most in 29 years on Monday as Saudi Arabia and Russia vowed to pump more in a struggle for market share. The slump comes just as the coronavirus is spurring the first decline in demand in more than a decade. That raises questions about whether Ambani’s flagship Reliance Industries Ltd. will be able to cut net debt to zero by early 2021, as he has pledged. The plan hinges on a proposal to sell a stake in the group’s oil and petrochemicals division to Saudi Arabian Oil Co., the world’s biggest crude producer.

While the coronavirus has curtailed some of tech giant Alibaba’s businesses, the damage has been mitigated by increased demand for its cloud computing services and mobile apps.

Reliance Industries, by comparison, has no such silver lining. The Indian conglomerate’s shares plunged 12% on Monday, the most since 2009, extending this year’s decline to 26%. Alibaba’s American depositary receipts have slipped 6.8% so far in 2020.

Ma reclaims crown after Reliance shares were pummeled in 2020.

Few of the world’s billionaires fared well in Monday’s collapse as the S&P 500 Index and Dow Jones Industrial Average each plunged more than 7.5%, the most since the 2008 financial crisis, threatening to end the longest bull market in history. But no one did worse than those whose fortunes are underpinned by oil. Wildcatter Harold Hamm’s fortune was cut almost in half to $2.4 billion and fellow oil magnate Jeff Hildebrand lost $3 billion, bumping both from Bloomberg’s 500-member wealth ranking.

In a pivot toward new businesses such as telecommunications, technology and retail, Ambani’s Reliance Industries has piled on billions of dollars of debt over the years.

It spent almost $50 billion -- most of it funded by borrowings -- to build Reliance Jio Infocomm Ltd., which became India’s No. 1 wireless carrier within about three years of its debut. As the mobile venture took off, Ambani also unveiled plans for an e-commerce empire to rival Amazon.com Inc. in India.

Addressing concerns over the liabilities, Ambani pledged in August to cut the group’s net debt to zero from about $21 billion as of last March. The Aramco deal is crucial to that plan for which Reliance Industries has valued its oil-to-chemicals division at $75 billion including debt, implying a $15 billion valuation for the 20% stake that’s for sale.

Signs of a potential delay to that deal unnerved some investors, hammering the stock since it touched a record high on Dec. 19.

Reliance Industries expected the Aramco transaction to be completed by March, but people familiar with the matter said in February that talks were still ongoing to bridge differences between the two parties over the deal’s structure.

Adding to the uncertainty, Indian Prime Minister Narendra Modi’s administration has petitioned a court to halt the proposed stake sale, threatening a key source of funds needed to pare net debt.

But Ambani, 62, may soon bounce back from the setback, said Harish H.V., managing partner at ECube Investment Advisors in Bengaluru, India.

“The game isn’t over,” he said. “Ambani has successfully built a robust business model which would keep him in the game. Moreover, his telecom business will start yielding results in coming years.”

Comments

SmR
 - 
Tuesday, 10 Mar 2020

The curses of the bank depositors savings which vanished with collapsing economy and fraudlent seems to have gradully affecting riches of Ambani's.

 

AU
 - 
Tuesday, 10 Mar 2020

in Holy Quran Allah says; but they plan and Allah plans, and Allah is the best planners..(Surah Al Anfal 8:30)

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News Network
February 1,2020

Feb 1: The Congress on Saturday expressed hope that the Union Budget would provide relief to the salaried class through tax cuts and invest in rural India besides providing a healing touch to the common man and industry facing “hardship” since demonetisation.

Congress chief spokesperson Randeep Surjewala said the last budget led to crashing consumption levels, soaring unemployment and falling GDP. “Budget 2019= Consumption crashed, Unemployment soared, Farm distress surged, Incomes declined, Investments slumped, Public spending fell, GDP nose dived!,” Surjewala tweeted. “Yet, Modiji gave Corporate Tax Cuts of Rs 1,45,000 crore. Let Budget 2020 give tax cuts to Salaried Class and invest in Rural India,” he said

Rajasthan Chief Minister Ashok Gehlot hoped the budget fulfils expectations of the common people. “Budget 2020 is the time for NDA government to provide a healing touch to common people and industries facing hardships since noteban. Hope the budget fulfils expectations of common people and provide relief across sections,” Gehlot said.

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Agencies
February 13,2020

New Delhi, Feb 13: The BJP's Amit Shah today said statements like "goli maaro" and "Indo-Pak match" should not have been made by BJP leaders ahead of the Delhi elections.

The BJP may have suffered in the elections because of hate statements made by party leaders, he said, reported news agency Press Trust of India.

The party, he said, had distanced itself from such remarks.

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