Wharton cancels Modi's keynote address

March 4, 2013

Modis_keynote_addressWashington, Mar 3: The prestigious Wharton school today cancelled the keynote address of Gujarat Chief Minister Narendra Modi following uproar from a section of university professors and students on the invitation.

The organising committee of the prestigious annual event apologized for putting the university and the Wharton School administration in a "difficult position".

It said Modi's address would be replaced by a prominent Indian leader, whose name would be released very soon.

But standing by its decision to invite Modi for the event, the organising committee hoped to invite him later some time without causing such a distraction as it has done now.

"Mr Modi's keynote address at Wharton India Economic Forum has been cancelled," the Wharton India Economic Forum said in a statement.

Modi was invited to deliver the keynote address at the Forum to be held in Philadelphia on March 22-23 via videoconference.

"We hope to have Mr Modi speak at a more appropriate forum where he can interact with students without the distraction of this kind of attention," the statement said.

A group of Wharton's professors and students had written a strongly-worded letter saying they are outraged to learn that the Forum has invited Modi as a keynote speaker.

The letter noted, "This is the same politician who was refused a diplomatic visa by the United States State Department on March 18, 2005 on the ground that he, as Chief Minister, did nothing to prevent a series of orchestrated riots that targeted Muslims in Gujarat."

Planning Commission Deputy Chairman Montek Singh Ahluwalia is expected to address the Forum on March 23.

"With all the chosen speakers across multiple keynotes and panels, our goal as a team is to provide a neutral platform to encourage cross pollination of ideas as we all work towards contributing to India's success.

"Through this ideology, we hope to present multiple opinions and ideas to our audiences and supporters across the world and constructively contribute to the intellectual milieu for which University of Pennsylvania and The Wharton School stand," the statement said.

Arguing that they do not endorse any political views and do not support any specific ideology, the Forum said their goal as a team is only to stimulate valuable dialogue on India's growth story, where students and audiences can interact with influential leaders from across India.

The student organising body was extremely impressed with Mr. Modi's credentials, governance ideologies, and leadership, which was the primary reason for his invitation, it said.

"However, as a responsible student body within the University of Pennsylvania, we must consider the impact on multiple stakeholders in our ecosystem," it explained.

"Our team felt that the potential polarizing reactions from sub¬segments of the alumni base, student body, and our supporters, might put Mr Modi in a compromising position, which we would like to avoid at all costs, especially in the spirit of our conference's purpose," the statement said.

Asserting that it stands by its decision to invite Modi, the organising committee said it believes that this course of action would be the most appropriate in light of the reactions of the multiple stakeholders involved.

"Therefore, we as a team, would like to apologize for being a catalyst may have put Mr. Modi and the Wharton School administration in an difficult position," it said.

The Wharton India Economic Forum, an annual student run India-centric conference started in 1996, aims to bring together business and political leaders, professionals, academics and students from across

the world to discuss India's evolution into a global economic power, the key social, political and financial challenges which still stand in its way and possible solutions.

The committee said it is in the last stages of finalizing an additional keynote address to complete its lineup.

"This keynote will be delivered by a very prominent Indian leader and will be announced very soon on our website," it added.

Among other eminent invited guests to the conference include Milind Deora, the Union Minister of State for IT and Communications; Gautam Adani, chairman of the Adani Group; actress Shabana Azmi, poet and scriptwriter Javed Akhtar.

Earlier keynote speakers have included former president Dr A P J Abdul Kalam, Union Finance Minister P Chidambaram, BJP leader Varun Gandhi and industrialist Anil Ambani.

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News Network
January 10,2020

Mumbai, Jan 10: India’s oil demand growth is set to overtake China by mid-2020s, priming the country for more refinery investment but making it more vulnerable to supply disruption in the Middle East, the International Energy Agency (IEA) said on Friday.

India’s oil demand is expected to reach 6 million barrels per day (bpd) by 2024 from 4.4 million bpd in 2017, but its domestic production is expected to rise only marginally, making the country more reliant on crude imports and more vulnerable to supply disruption in the Middle East, the agency said.

China’s demand growth is likely to be slightly lower than that of India by the mid-2020s, as per IEA’s China estimates given in November, but the gap would slowly become bigger thereafter.

“Indian economy is and will become even more exposed to risks of supply disruptions, geopolitical uncertainties and the volatility of oil prices,” the IEA said in a report on India’s energy policies.

Brent crude prices topped USD 70 a barrel on rising geopolitical tensions in the Middle East, putting pressure on emerging markets such as India. Like the rest of Asia, India is highly dependent on Middle East oil supplies with Iraq being its largest crude supplier.

India, which ranks No 3 in terms of global oil consumption after China and the United States, ships in over 80 per cent of its oil needs, of which 65 per cent is from the Middle East through the Strait of Hormuz, the IEA said.

The IEA, which coordinates release of strategic petroleum reserves (SPR) among developed countries in times of emergency, said it is important for India to expand its reserves.

REFINERY INVESTMENTS

India is the world’s fourth largest oil refiner and a net exporter of refined fuel, mainly gasoline and diesel.

India has drawn plans to lift its refining capacity to about 8 million bpd by 2025 from the current about 5 million bpd.

The IEA, however, forecasts India’s refining capacity to rise to 5.7 million bpd by 2024.

This would make “India a very attractive market for refinery investment,” IEA said.

Drawn to India’s higher fuel demand potential, global oil majors like Saudi Aramco, BP, Abu Dhabi National Oil Co and Total are looking at investing in India’s oil sector.

Saudi Aramco and ADNOC aim to own a 50 per cent stake in a planned 1.2-million bpd refinery in western Maharashtra state, for which land is yet to be acquired.

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Agencies
May 9,2020

New Delhi, May 9: The Supreme Court on Friday agreed to consider a plea raising the issue of mass termination and the illegal salary cut of employees in IT/ITES/BPO/KPI by their employers during the lockdown due to the spread of the coronavirus.

A bench comprising Justices Ashok Bhushan, S.K. Kaul and B.R. Gavai, taking up the matter through video conferencing, agreed to examine the issue and listed it for May 15.

The petition, argued by senior advocate Devadatt Kamat, was filed by National Information Technology Employees Sena (NITES) through advocate-on-record Amit Pai, and sought implementation of directions issued by the Centre on March 29 and similar advisories issued by several other states mandating payment of wages/salaries to the employees and also directed not to terminate them during the period of lockdown.

A directive was issued by the Union Ministry of Labour and Empowerment to all Chief Secretaries of state governments to issue advisories to public and private companies to not lay off employees or implement pay cuts during lockdown.

In the Centre for Monitoring Indian Economy (CMIE) report published on April 19, it was noted that "several companies across the country have started to terminate its employees without any reasonable cause and have started withholding their salaries. It is submitted that in such testing times, the rights of the employees ought to be protected by necessary orders/directions to the companies through the Respondents to effectively implement the lockdown and to contain the spread of the virus", said the plea.

On March 29, the Centre issued an order directing all states and Union Territories to issue orders, requiring all the employers in the industrial sector and shops and commercial establishments to pay wages on the due date without any deduction during their closure due to the lockdown.

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News Network
April 24,2020

Kochi, Apr 24: The central government on Thursday submitted a statement in the Kerala High Court on the three petitions challenging the contract between Kerala government and US-based data analytics company Sprinklr.

Assistant Solicitor General P Vijayakumar filed the statement on behalf of the central government, which is the second respondent in the case.

The statement said that the contract between the Kerala government and Sprinklr dilutes the rights of the people. It stated the contract does not specify the amount of compensation that individuals should receive in case of breach of privacy or misuse of information.

It also said that it was not clear whether the information was collected and handed over to the data analytics firm with full consent of the patients (suspected and otherwise).

''It is always preferable to utilise the services available in the government sector for sharing sensitive data required for analytical purposes.

The Government of India has introduced the 'Aarogya Setu' application for collection of health data and about seven crore Indian citizens have already downloaded the same. All the state governments are advised to promote the said application for fighting the pandemic," the statement said.

It was further submitted that the "Government of India with the support of NIC is capable of providing all the requirements relating to data storage, processing and application which are being offered the third respondent, if a request to that effect comes from the state government."

Kerala Congress leader Ramesh Chennithala and BJP state president K Surendran had earlier approached the Kerala High Court seeking cancellation of the state government's agreement with Sprinklr for processing of data related to COVID-19 patients.

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