Narendra Modi pitches for 'vibrant India', positions himself for 2014 polls

February 7, 2013

vibrant_India

New Delhi, Feb 7: Gujarat chief minister Narendra Modi made a powerful entry on the national centrestage by aggressively hawking his Gujarat model of development and governance as an alternative to the ruling coalition at the Centre, claiming his way would lift the despair enveloping the country and help it realize its potential.

Modi's forceful performance at the country's top commerce college — Shri Ram College of Commerce — and the response it got from his youthful audience is likely to add to the momentum already building up within the BJP for his formal projection as the party's prime ministerial candidate even at the cost of losing Bihar chief minister Nitish Kumar as an ally.

It was Modi's first public appearance in Delhi since his third straight victory in Gujarat and it came amid steadily growing indications about the larger Sangh Parivar tilting towards showcasing him as the BJP's counter to Rahul Gandhi for the 2014 match up.

Modi made full use of the opportunity as he flaunted the impressive growth Gujarat has clocked under his watch. He did not attack the UPA directly, but projected a forward-looking vision to connect with what is loosely referred to as aspirational India — the constituency of youth which is perceived to be up for grabs because of disillusionment with Congress.

He appeared to have pitched it right, with the speech — telecast live by all the networks — receiving repeated applause from the college stadium packed to the rafters. The BJP leader was greeted with cheers when he reached the venue. Outside, though, there was a large group protesting against him and a strong police contingent used lathi charges and water cannon to keep it at bay.

For many, the demonstration was evidence of Modi being a polarizing presence because of the 2002 Gujarat riots: something which is cited by his rivals within the BJP as well as allies like Nitish Kumar to argue that he does not have prime ministerial credentials.

But the cheers that Modi evoked from SRCC students, a group with a predisposition for entrepreneurship and economic growth, reinforced the argument of the faction which feels that only he can bring in the additional votes that BJP needs to overtake Congress decisively. This faction now appears to have gained an upper hand in the leadership debate.

The actual leadership drill is set to start next month when BJP holds meetings of its national executive and national council. The twin exercises will clear the way for Modi's return to the central parliamentary board as a possible prelude to his appointment as the chairman of the party's campaign committee. The decision on whether to project him or not will take longer to resolve but there is no mistaking the trajectory.

His foray into the Capital on Wednesday showed that Modi was game for the challenge. Coming after his visit to Rajasthan for a wedding and his plan to visit Allahabad for the Maha Kumbh on March 12, the outing at SRCC showed that speculation about a national role may have encouraged the chief minister, so far comfortably ensconced in Gujarat, to venture farther afield.

Modi certainly did not seem fazed by the protesters as he reached out to his audience. "Minimum government, maximum governance is my creed," he said: an apt formulation for a college which has been the recruiting ground for corporate India and where a government with heavy footprint has always been frowned upon.

There was more on similar lines. Modi bandied his 3 'S' — skill, scale and speed - as the means to break out of stagnant growth India is currently experiencing. The extempore speech was peppered with managerial formulations — value addition, skill development, lab-to-land (agriculture), farm-to-fiber-to-factory-to-fashion (textile), and P2G2 (pro-people good governance).

The criticism of vote-bank politics appeared tailor-made for the throng that routinely despairs at the premium placed on identity politics a short shrift to "merit". If the focus on development brought out the eagerness of the man to leave 2002 behind and to be judged on the secular parameters of growth, investment and development, Modi's attempt to tap into the aspiration-driven youth was quite evident. "There are those who consider you the new age voter, but for me, you are the new age power who can help India realize the glory Vivekananda had envisioned," he said.

Modi started off by painting himself as an unrepentant optimist. "For me, the glass is always full," he declared, waving the tumbler kept for him at the lectern. The "we-can-do-it" theme ran through the nearly hour-long speech, with Modi asserting that the 21st century would be India's and declaring that the country can overtake China in manufacturing.

The effort to showcase his pro-growth credentials had him dipping into the nitty-gritty of packaging and benefits of brand building. Modi said 121 countries and business houses accounting for the 50% of India's GDP had gathered under one roof for the Vibrant Gujarat Summit and that too, at just 11 days' notice.

In the same vein, he asserted that it took him just 162 days to build the country's largest convention centre and that takes just 19 months for a company from the drawing board to start manufacturing coaches for the Delhi Metro in Gujarat.

But did not lose sight of his larger message: an optimistic and hopeful future for a youthful country which deserved better than the all-pervasive despair. "India was a land of snake charmers but now it is known for its mouse charmers (referring to India's expertise in software). And this would not have been possible without the young hands that we have. That shows that Swami Vivekanand was right when he declared that India will be the world leader once again. This is the era of knowledge economy and the opportunity for India to take its rightful place at the top," he concluded to a generous applause.

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News Network
June 27,2020

New Delhi, Jun 27: India on Saturday crossed 5 lakh-mark with record highest spike of 18,552 cases of coronavirus reported in the country in the past 24 hours.

India has added more than 3.18 lakh COVID-19 cases since June 1.

According to the Union Ministry of Health and Family Welfare, this was the highest single-day spike of COVID-19 positive cases. Also, with 384 fatalities in the past 24 hours, the total deaths inched closer to the 16000 mark.

With this, the total number of active cases are 1,97,387 while a total of 2,95,880 people have been cured or discharged from hospitals. The death toll stands at 15685 with one person migrated outside India, according to the health ministry update at 8 am today.

Maharashtra continues to top the countrywide list with a total number of COVID-19 positive cases at 1,52,765.

Delhi has so far reported 77,240 confirmed cases while Tamil Nadu has reported 74622 cases till now, as per the MoHFW. Delhi, Mumbai and Chennai are the worst-hit cities in the country

According to the Indian Council of Medical Research (ICMR), the total number of samples tested up to June 26 is 79,96,707; the number of samples tested on June 26, Friday stands at 2,20,479.

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News Network
May 9,2020

May 9: Two more companies are said to be eyeing stakes in Reliance Jio Platforms, the $65-billion digital unit of Mukesh Ambani-controlled Reliance Industries, suggests a Bloomberg report. If these deals materialise, they would add to a growing list of firms that have recently invested in the Indian company.

US private equity firm General Atlantic was considering investing about $850 million to $950 million in the Mumbai-based company, a Bloomberg report said, citing people with knowledge of the matter.

The deal could be completed as soon as this month, though no agreement had been finalised and plans may change, it added.

Saudi Arabia's Public Investment Fund (PIF) is also considering to buy a minority stake in Jio, Bloomberg said in a separate report.

General Atlantic declined to comment on the report, while Jio and PIF did not immediately respond to Reuters request for comment. Hours earlier on Friday, Reliance Industries announced a $1.5 billion stake sale in Jio to Vista Equity Partners, the third deal in just over two weeks.

The conglomerate cut a $5.7 billion deal with Facebook for a 9.99 per cent stake in Jio on April 22 and a few days later, it secured a $750 million investment from private equity firm Silver Lake.

Together the three deals will inject a combined $8 billion in the telecoms-to-energy group and help it pare its debt.

Vista's investment gave Jio an equity value of Rs 4.91 trillion ($65 billion) and an enterprise value of Rs 5.16 trillion, said Reliance, controlled by billionaire tycoon Mukesh Ambani.

The potential investments from New York-based General Atlantic and the Saudi sovereign wealth fund, which manages over $300 billion in assets, would inject money on top of the $8 billion which Jio has already raised.

Saudi's PIF has been buying minority stakes several companies. Last month, it disclosed an 8.2 per cent stake in coronavirus-hit Carnival Corp, sending the cruise operator's shares up nearly 30 per cent higher.

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Agencies
June 29,2020

New Delhi, Jun 29: Fuel prices rose on Monday again after a days pause with oil marketing companies increasing the pump price of petrol by 5 paisa and diesel by 13 paisa per litre in Delhi.

In the national capital, petrol price on Monday stood at Rs 80.43 per litre while that of diesel at Rs 80.53 a litre.

With this increase, fuel prices have moved up on 22 of the last 23 days (with no rise on Sunday). Petrol prices, however, were unchanged for an additional day in between after the daily revision based on dynamic pricing was reinstated by OMCs.

Since the daily price revision resumed on June 7, petrol price has increased Rs 9.17 and diesel rose by Rs 11.14 in the national capital. In the other cities the magnitude of increase was similar.

During the past 23 days, the quantum of price hike gradually declined from around 60 paise raise for a few days, immediately post the resumption of daily price revision, to less than 20 paise during the past few days and now even less than 10 paisa per litre.

In a historic development, the price of diesel surged above that of petrol in the national capital during this period. It continues to remain higher even though on Saturday the quantum of petrol price hike was higher than that of diesel.

Officials in oil marketing companies said that it is hard to predict which of the two fuels will be priced higher in the Capital as the gap between the two is almost negligible. But petrol prices have shown more volatility in international markets that may take it ahead once again in coming days.

Apart from Delhi, the retail prices of petrol and diesel have followed the traditional path in other metros with petrol being priced at a premium of between Rs 5 and 8 per litre. The difference between the auto fuel prices in Delhi and other metros is because of the taxation structure.

While both petrol and diesel are at similar levels of taxes (state and centre) in Delhi, it is higher for petrol in many other Indian cities.

Globally diesel is priced a tad higher than petrol. In India too, the base price of diesel is slightly higher than petrol but taxation at central and state levels changed the complexion of retail prices.

If the price of petroleum products and crude hold their positions in global markets, then petrol and diesel prices rise may stop for a longer period and we may even see marginal fall in prices.

Fuel prices have been increasing since June 7 when oil companies began the daily price revision mechanism after a hiatus of 82 days during the lockdown.

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