Narendra Modi has given land equal to Vadodara to Adani, says Rahul Gandhi

April 13, 2014

Modi_RahulNew Delhi, Apr 13: In a strong attack on Adani group perceived to be close to Narendra Modi, Rahul Gandhi said that he had been given land equal to the size of Vadodara at throwaway prices and also the Gujarat coastline of the size of Mumbai coastline.

Without explicitly mentioning the group by name, the Congress vice president alluded to it when he said, "land equal to Vadodara was given to him. Do you know for how much? For Rs 300 crore. Coastline equal to Mumbai was also given to him."

He was asked specifically during the interview to a news channel whether he was referring to the Adani group to which he said he would not like to name anybody.

Vadodara has an area of 149 square kilometers and the Mumbai coastline is 167 km long.

"When Gujarat grew, it was because of the small industries, because of movements like Amul and that is its strength. Now you see the Gujarat model, the turnover of one industrialist has grown from Rs 3,000 crore to Rs 40,000 crore," the Congress Vice President said.

He went on to add that Modi's economic model is that the "entire money of the state should be given to two-three persons. This mindset is also dangerous for the country. I keep fighting against such mindset."

Though he did not name the Adani group, Rahul has in the recent days been attacking it.

Slamming Modi's development model, he said "the reality of Gujarat is that two-three industrialists are prospering" while people are dying in the state.

"Their (Modi's) focus is on benefitting three-four industrialists so that there is trickle-down effect. Trickle-down effect happened in the US also and it has gone bust," the Congress leader said.

He insisted that UPA government headed by Manmohan Singh had performed better than NDA even though there was slowdown in growth briefly because of global recession.

While listing a number of programmes and achievements of the UPA government, he said, "The reality is that we have been in power for 10 years... There will be little bit of anti-incumbency."

When pointed out that the election campaign had become personal, Rahul said he has "no interest in personal attacks and I don't indulge in that."

He added, "Narendra Modiji is a person. He has his issues. I have nothing to do with that. But he represents an ideology. This ideology pits one Indian against another Indian. That is dangerous for the country. My fight is against this ideology."

On the issue of corruption, he said it is a "reality" but it is time to stop talking and start action against it by building institutional frameworks.

He insisted that the UPA government and he himself had been working in this direction through initiatives like RTI, Lokpal, Land Acquisition Bill and MNREGA.

Targeting BJP in this regard, he said its manifesto talks about corruption but "show me one line which says what it will do.... Talking is one thing, doing is another thing."

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News Network
May 10,2020

New Delhi, May 10: India's COVID-19 count crossed 60 thousand on Sunday, with Maharashtra being the worst-affected due to the infection so far, according to the Union Ministry of Health and Family Welfare.

The number of total confirmed cases in the country rose to 62,939, including 19,358 patients who have been cured and discharged or migrated, according to the Ministry.

The total number of active cases in the country, therefore, stands at 41,472.

The number of deaths in the country due to the infection reached 2,109 on Sunday.

While Maharashtra, with 20,228 cases is the worst-affected state, it is followed by Gujarat with 7,796 and the national capital, Delhi, with 6,542 cases. Tamil Nadu, is marginally behind Delhi with 6,535 cases.

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News Networkwork
May 14,2020

Bengaluru, May 14: ABB India has posted a profit after tax of Rs 66 crore during the first quarter (January to March) due to lower volumes including service revenue and unfavourable mix.

In Q1 CY19, it had reported a profit after tax of Rs 89 crore. ABB India follows calendar year as its fiscal year.

The company reported a profit including exceptional items and before tax of Rs 87 crore. The resultant under-absorption and mark-to-market impact due to forex volatility were partly offset by refund incomes and a one-time gain on sale of solar business during the quarter.

Revenues for the first quarter stood at Rs 1,522 crore, impacted by lower sales, non-receipt of delivery clearance, lower service revenue in the nationwide lockdown due to the COVID-19 pandemic. This impact primarily occurred in March, the company said in a statement.

ABB India said it continues to maintain a stable cash position of Rs 1,464 crore as on March 31 in a market where cash collection continues to be a challenge.

Besides, despite many activities coming to a standstill in March, the quarter was marked by commissioning for a mining major at Raigarh in Chhattisgarh, electrical and automation systems for a cement major and port and electrics, drives and automation for a leading mill in Bangladesh.

Terminal installation and commissioning for LPG, power management electrical control system for a leading refinery and commissioning of two units of a power plant in Kerala are some of the other projects where ABB's involvement ensured continuity and safe operations, it said.

On a global scale, the impact of COVID-19, as well as the fall in oil prices, has significantly impacted the short-term outlook. The global economy is expected to contract in 2020 after a rapid deterioration in outlook driven by the pandemic.

Despite unprecedented stimuli by governments and central banks around the world and initial signs of recovering economic activity in China, macro-indicators point to a global recession of uncertain duration as many countries continue to face restrictions with anticipated long-term economic consequences, said ABB India.

While the company is taking prompt action to adapt its operations and cost base to safeguard profitability, it expects the results in the coming quarter to be impacted due to the loss of volumes.

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News Network
March 31,2020

New Delhi, Mar 31: At least 24 people staying at Markaz building in Nizamuddin area of the national capital have tested positive for coronavirus, Delhi Health Minister Satyendar Jain on Tuesday.

"All of them are being screened. We are not certain of the number but it is estimated that 1500-1700 people had assembled at the Markaz building. 1033 people have been evacuated so far - 334 of them have been sent to the hospital and 700 sent to quarantine centre. Total 24 positive cases have been found so far," he said while speaking to reporters here.

The minister also slammed the organisers of the religious event saying that they have committed a grave crime.

"The event's organisers committed a grave crime. Disaster Act and Contagious Diseases Act was enforced in Delhi, no assembly of more than 5 people was allowed. Still, they did this. I have written to Lieutenant Governor to take strict action against them. Delhi government has given an order to file an FIR against the organisers," the Health Minister said.

Earlier, the Delhi government had said: "It has come to our knowledge that administrators of Nizammuddin Markaz violated coronavirus lockdown conditions and now several positive cases have been found. Strong action would be taken against those in charge of this establishment. Delhi government will ask the police to register an FIR against Maulana of Markaz, Nizamuddin." 

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