Modi promises more reforms; rolls out red carpet to investors

February 14, 2015

Pune, Feb 14: Ahead of the Budget, Prime Minister Narendra Modi today assured investors more reforms as he rolled out the red carpet to multinationals, inviting them to make use of the large pool of highly talented youth in the country.

Modi promises"I invite all those who want to participate in the economic development of the country to generate employment for our youth. Your (investors) growth is also linked to our growth," the Prime Minister said.

"In this age of competitive world, I assure corporates across the world that India is a land where they can find talents which can help them manufacture products that are very competitive," Modi told a select audience of corporates.

The Prime Minister was inaugurating the multimodal manufacturing facility set up by the American engineering giant GE Corporation.

Calling upon the investors to utilise the talent of large educated youth population, he said, "we have the highest demographic dividend, as 65 per cent of our population are below 35 years. Our talented youth have power to attract investments from across the world. Our skill power can also attract the investors."

Modi also assured his administration will improve the ease of doing business. He said the number of clearances for setting up a hospitality venture will be brought down from a massive 110 to just about 20.

"Our government has ensured predictability in our procedures, laws and policies. We have also taken many initiatives towards ease of doing business," Modi said.

The NDA government will present the first full Budget on February 28 with some analysts wondering whether it would be a complete reform oriented budget following the defeat of BJP faced in the last week's Delhi elections.

"India economy is the fastest growing economy in the world with a GDP growth rate of 7.4 per cent. We have to sustain it and take it forward and for that we are emphasising on three sectors -- manufacturing, agriculture and service sector," the Prime Minister said.

He said, there are tremendous opportunities in the manufacturing sector in India.

Modi said the Maharashtra government led by Chief Minister Devendra Fadnavis was also focusing on ease of doing business for investors keen to explore business opportunities in his state.

Recalling his experience at the CEOs meeting during US President Barack Obama's visit last month, PM Modi said the representatives of the hospitality industry expressed concern over the several clearances required in the sector though they were keen on entering the Indian market.

"Number of permissions needed to set up hospitality industry is being brought down from 110 to 20," he said.

"India offers immense opportunities for ship-building sector," Modi said and invited US-based GE to manufacture ships in the country.

He said his government's effort is to make policies predictable to attract investments as he believes that good governance is a guarantee for development.

He also said that GE and other global firms should invest in the defence sector as the government has increased the FDI or foreign direct investment threshold to 49 per cent.

We want to move further ahead in the manufacturing sector, he said.

"We want Railways sector in India to develop, get more technology, give speed and make it the driving force of our economy," he added. Reiterating his government's commitment to reforms, Modi said, "in the last few months the government has initiated many reforms which are attracting investors from across the world. I firmly believe that the 21st century will of Asia and India will play a crucial role in it."

"Good governance is the guarantee for development. Ease of doing business is one of the key thrust areas of my government," Modi, who came to power on the promise of good governance and development, said.

Dedicating the GE facility, Modi congratulated the company for setting up such a huge manufacturing facility at Chakan near hear and also complemented the American multinational for its commitment to the country.

He said this move will give a boost to his government's flagship 'Make in India' campaign.

"We have immense opportunities in ship-building and defence sectors. I invite GE to invest in the defence and ship-building sectors," he said.

Pointing to his ambitious make in India drive, the Prime Minister said the country wants the manufacturing sector, which today contributes only under 16 percent to GDP, to grow

The previous government had set an ambitious target of taking the share of manufacturing to 25 percent of GDP by 2020 and projected USD 1 trillion investment into infrastructure space, especially ports, airports and railroads and highways, to enable this.

Modi also stressed on sustainable development and economic growth, saying for that to happen "we are focusing on manufacturing, agriculture and services sector,".

He said there was immense opportunities in the manufacturing sector. On the railway development, he said the country's railway network, which is one of the largest in the world, can become the economy's driving force.

"I want India to become self-sufficient in Railways, and upgrade the technologies used in the sector. Rail sector can become driving force for the country's economy," he said.

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June 24,2020

Thiruvananthapuram, Jun 24: Kerala on Tuesday was among those honoured for tackling the Covid-19 pandemic when the United Nations celebrated the Public Service Day.

The function, held on a virtual platform, saw the participation of UN Secretary General Antonio Guterres and other top UN dignitaries who applauded all the leaders which included state Health Minister K.K. Shailaja for effectively tackling Covid-19.

Speaking on the occasion, Shailaja noted that the experiences of tackling Nipah virus and the two floods - 2018 and 2019 - where the health sector played a crucial role, all helped in tackling Covid-19 timely.

"Right from the time when Covid cases got reported in Wuhan, Kerala got into the track of the WHO and followed every standard operating protocols and international norms and hence, we have been able to keep the contact spread rate to below 12.5 per cent and the mortality rate to 0.6 per cent," she said.

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News Network
July 2,2020

Lucknow, Jul 2: After a video showing health workers allegedly tossing bodies of coronavirus victims in a large pit in Karnataka, BSP President Mayawati on Wednesday stated that the incident is the "height of cruelty and insult to humanity".
The former UP Chief Minister demanded that the guilty must be punished.

"The tragedy that the bodies of COVID-19 victims being thrown into trenches in Ballari, Karnataka is the height of cruelty and an insult to humanity. Though incidents related to inhuman cruelty with corona patients are rampant but guilty of Ballari must be punished by the state government," Mayawati said in a tweet.

Also, in another tweet, she asked the Central government to extend the Pradhan Mantri Garib Kalyan Anna Yojana till the end of the coronavirus pandemic.

"In order to check ignominy of starvation on account of long unprecedented hardship & unemployment due to coronavirus and the subsequent nationwide lockdown, the PM Garib Kalyan Anna Yojna must continue not till November but till the end of the pandemic, this is the demand of BSP," she tweeted. 

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June 27,2020

Jun 27: Alittle-known Indian IT firm offered its hacking services to help clients spy on more than 10,000 email accounts over a period of seven years.

New Delhi-based BellTroX InfoTech Services targeted government officials in Europe, gambling tycoons in the Bahamas, and well-known investors in the United States including private equity giant KKR and short seller Muddy Waters, according to three former employees, outside researchers, and a trail of online evidence.

Aspects of BellTroX's hacking spree aimed at American targets are currently under investigation by U.S. law enforcement, five people familiar with the matter told Reuters. The U.S. Department of Justice declined to comment.

Reuters does not know the identity of BellTroX's clients. In a telephone interview, the company's owner, Sumit Gupta, declined to disclose who had hired him and denied any wrongdoing.

Muddy Waters founder Carson Block said he was "disappointed, but not surprised, to learn that we were likely targeted for hacking by a client of BellTroX." KKR declined to comment.

Researchers at internet watchdog group Citizen Lab, who spent more than two years mapping out the infrastructure used by the hackers, released a report that BellTroX employees were behind the espionage campaign.

"This is one of the largest spy-for-hire operations ever exposed," said Citizen Lab researcher John Scott-Railton.

Although they receive a fraction of the attention devoted to state-sponsored espionage groups or headline-grabbing heists, "cyber mercenary" services are widely used, he said. "Our investigation found that no sector is immune."

A cache of data reviewed by Reuters provides insight into the operation, detailing tens of thousands of malicious messages designed to trick victims into giving up their passwords that were sent by BellTroX between 2013 and 2020. The data was supplied on condition of anonymity by online service providers used by the hackers after Reuters alerted the firms to unusual patterns of activity on their platforms.

The data is effectively a digital hit list showing who was targeted and when. Reuters validated the data by checking it against emails received by the targets.

On the list: judges in South Africa, politicians in Mexico, lawyers in France and environmental groups in the United States. These dozens of people, among the thousands targeted by BellTroX, did not respond to messages or declined comment.

Reuters was not able to establish how many of the hacking attempts were successful.

BellTroX's Gupta was charged in a 2015 hacking case in which two U.S. private investigators admitted to paying him to hack the accounts of marketing executives. Gupta was declared a fugitive in 2017, although the U.S. Justice Department declined to comment on the current status of the case or whether an extradition request had been issued.

Speaking by phone from his home in New Delhi, Gupta denied hacking and said he had never been contacted by law enforcement. He said he had only ever helped private investigators download messages from email inboxes after they provided him with login details.

"I didn't help them access anything, I just helped them with downloading the mails and they provided me all the details," he told Reuters. "I am not aware how they got these details but I was just helping them with the technical support."

Reuters could not determine why the private investigators might need Gupta to download emails. Gupta did not return follow-up messages. Spokesmen for Delhi police and India's foreign ministry did not respond to requests for comment.

HOROSCOPES AND PORNOGRAPHY

Operating from a small room above a shuttered tea stall in a west-Delhi retail complex, BellTroX bombarded its targets with tens of thousands of malicious emails, according to the data reviewed by Reuters. Some messages would imitate colleagues or relatives; others posed as Facebook login requests or graphic notifications to unsubscribe from pornography websites.

Fahmi Quadir's New York-based short selling firm Safkhet Capital was among 17 investment companies targeted by BellTroX between 2017 and 2019. She said she noticed a surge in suspicious emails in early 2018, shortly after she launched her fund.

Initially "it didn't seem necessarily malicious," Quadir said. "It was just horoscopes; then it escalated to pornography."

Eventually the hackers upped their game, sending her credible-sounding messages that looked like they came from her coworkers, other short sellers or members of her family. "They were even trying to emulate my sister," Quadir said, adding that she believes the attacks were unsuccessful.

U.S. advocacy groups were also repeatedly targeted. Among them were digital rights organizations Free Press and Fight for the Future, both of whom have lobbied for net neutrality. The groups said a small number of employee accounts were compromised, but the wider organizations' networks were untouched. The spying on those groups was detailed in a report by the Electronic Frontier Foundation in 2017, but has not been publicly tied to BellTroX until now.

Timothy Karr, a director at Free Press, said his organization "sees an uptick in breach attempts whenever we're engaged in heated and high-profile public policy debates." Evan Greer, deputy director of Fight for the Future, said: "When corporations and politicians can hire digital mercenaries to target civil society advocates, it undermines our democratic process."

While Reuters was not able to establish who hired BellTroX to carry out the hacking, two former employees said the company and others like it were usually contracted by private investigators on behalf of business rivals or political opponents.

Bart Santos of San Diego-based Bulldog Investigations was one of a dozen private detectives in the United States and Europe who told Reuters they had received unsolicited advertisements for hacking services out of India - including one from a person who described himself as a former BellTroX employee. The pitch offered to carry out "data penetration" and "email penetration."

Santos said he ignored those overtures, but could understand why some people didn't. "The Indian guys have a reputation for customer service," he said.

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