It's better to be a multi-billionaire politician than displaying wealth: Vijay Mallya

October 27, 2012

Vijay_mallya

New Delhi, October 27: Liquor baron Vijay Mallya on Saturday said he has learnt the hard way that wealth should not be displayed in India, and that it is better to be a multi-billionaire politician in the country. "I have learnt the hard way that in India wealth should not be displayed. (It is) Better to be a multi-billionaire politician dressed in Khadi," Mallya tweeted amid a long-continuing crisis at his UB Group's Kingfisher Airlines and his exit from the league of Indian billionaires.

On Friday, Mallya had posted on Twitter that he was thankful to 'the Almighty' for losing his billionaire status, and hoped it would lead to "less jealousy, less frenzy and (less of) wrongful attacks" on him. Often referred to as 'King of Good Times', Mallya has slipped out of the billionaire league in the Forbes rich list, as "bad times" in his aviation business have dragged down his networth to below the $ 1 billion mark.

According to the business magazine's latest list of 100 richest people in India that was published yesterday, Mallya is now ranked 73rd with a fortune of $ 800 million (about Rs 4,285 crore) -- a sharp plunge from 49th place last year with a fortune of $ 1.1 billion. Cash-strapped Kingfisher Airlines, part of Mallya-led UB Group, is going through turbulent times for several months now and had to halt operations earlier this month.

"King of good times is having nothing but bad times lately. His (Mallya's) Kingfisher Airlines, weighed down by what is believed to be $ 2 billion in debt, had its licence suspended in mid-October..." Forbes had said. Mallya is attending Formula One race at Greater Noida near the national capital, where a team part-owned by him, Sahara Force India, is participating.

The UB Group Chairman further tweeted that the qualifying prospects of Sahara Force India is secondary and the focus of even sports journalists was on Kingfisher only. Speaking to reporters on the sidelines of Formula One venue, Mallya said: "We are here to enjoy Formula One, so let's enjoy it. But I have always been available and whatever settlement has been reached (between the airline management and the employees) it's because of my participation".

The employees of the airline, who were on strike since September 29, agreed to resume work on the management's promise to clear three months dues before Diwali. During the entire impasse, agitating employees had demanded his presence and even threatened to stage protest at the venue of Formula One race. "If they wanted to say something to me they could have come to my house. What is the point of coming here? There is no question of any disturbance or protest," Mallya said.

Also read: Mallya thanks 'Almighty' for losing billionaire tag, hopes it will lead to 'less jealousy'


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News Network
June 19,2020

New Delhi, Jun 19: India on Friday added 13,586 new COVID-19 cases for the first time in a single day, pushing the tally to 3,80,532, while the death toll rose to 12,573 with 336 new fatalities, according to the Union Health Ministry data.

In some positive news, the number of recoveries crossed the two lakh-mark and stands at 2,04,710, while there are 1,63,248 total COVID-19 active cases, according to the updated official figure at 8 am.

One patient had migrated.

"Thus, around 53.79 percent patients have recovered so far," an official said.

The total number of confirmed cases include foreigners. 

India registered over 10,000 cases for the eighth day in a row.

Of the 336 new deaths reported till Friday morning, 100 were in Maharashtra, 65 in Delhi, 49 in Tamil Nadu, 31 in Gujarat, 30 in Uttar Pradesh, 12 each in Karnataka and West Bengal, 10 in Rajasthan, six in Jammu and Kashmir, five in Punjab, four each in Haryana and Madhya Pradesh, three in Telangana, two in Andhra Pradesh and one each in Assam, Jharkhand and Kerala.

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Agencies
February 10,2020

New delhi, Feb 10: The Supreme Court on Monday upheld the constitutional validity of the SC/ST Amendment Act, 2018, and said a court can grant anticipatory bail only in cases where a prima facie case is not made out.

A bench headed by Justice Arun Mishra said a preliminary inquiry is not essential before lodging an FIR under the act and the approval of senior police officials is not needed.

Justice Ravindra Bhat, the other member of the bench, said in a concurring verdict that every citizen needs to treat fellow citizens equally and foster the concept of fraternity.

Justice Bhat said a court can quash the FIR if a prima facie case is not made out under the SC/ST Act and the liberal use of anticipatory bail will defeat the intention of Parliament.

The top court's verdict came on a batch of PILs challenging the validity of the SC/ST Amendment Act of 2018, which was brought to nullify the effect of the apex court's 2018 ruling, which had diluted the provisions of the stringent Act.

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News Network
April 24,2020

Apr 24: Kerala Chief Minister Pinarayi Vijayan on Friday sought Prime Minister Narendra Modi's intervention in bringing bodies of Keralites who died in the Gulf countries due to non-COVID-19 reasons to the state without any delay for performing last rites in their home towns.

In a letter, he wanted Modi to direct Indian embassies to issue necessary clearances without seeking individual approvals from the Ministry of Home Affairs and avoid any delay so that the remains reach Kerala early. It has been learnt that a 'clearance certificate' from the Indian embassies concerned was required to process the application for bringing home the bodies.

The embassies are insisting on production of no-objection certificate from the Union Ministry of Home Affairs, he said in the letter, a copy of which was released to the media here on Friday. The Centre had already agreed that in case the deaths are not COVID related, such certificates are not necessary.

The bodies are now being brought in the cargo planes as passenger flights are not being operated due to the lockdown. Chief Minister said he had received several grievances from the NRKs in Gulf Cooperation Council (GCC) countries on the delay in bringing home the bodies of those who died there. "They are already under tremendous stress and anxiety due to the lockdown imposed in those countries and the consequent stoppage of international flights", Vijayan said.

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