No place for Dalits and backwards in the heart of Congress: PM Modi

Agencies
May 10, 2018

Bengaluru, May 10: There is no place for Dalits and backward classes in the heart of the Congress, Prime Minister Narendra Modi said on Thursday, asserting his government is trying to realise B R Ambedkar's dream of a powerful and prosperous India.

Launching a blistering attack on the Congress over the way it has treated Dalits, Modi said the party showed no respect for Ambedkar.

The Congress, he alleged, used "all its power" to defeat Ambedkar when he contested Lok Sabha election in 1952 and Bandara Lok Sabha by-election in 1953.

"That is the reason why Baba Saheb had to face defeat and insult. Let Congress show at least one thing it did to honour Baba Saheb," he said.

Addressing BJP's SC/ST/OBC and Slum Morcha workers through his Namo App, Modi said, "There is no place for Dalits and backward classes in the heart of the Congress."

"This has been happening for decades. Till the time the Congress party was in power, Baba Saheb was not given Bharat Ratna," he said.

Maintaining that Ambedkar dreamt of an India which takes everybody forward together, he said the BJP is trying to fulfil his dream by implementing various schemes.

The government, he said, is making efforts to ensure there is social justice and equality.

Modi said 'Stand Up' and 'Mudra' Yojanas are playing a major role in the financial empowerment of scheduled castes, scheduled tribes, OBCs and women.

Noting that the BJP has the most number of MPs belonging these categories, Modi said, it was for the first time after Independence that the Atal Bihari Vajpayee government created a separate ministry for scheduled tribes.

Also, it was under Vajpayee that the government created a separate national commission for scheduled tribes, he said.

Modi said the BJP has its governments in Madhya Pradesh, Maharashtra, Gujarat, Rajasthan, Jharkhand and Chhattisgarh which have sizeable tribal population.

It is also in power in northeastern states like Assam, Arunachal Pradesh, Manipur and Tripura, and is part of coalition dispensations in Nagaland and Meghalaya."This shows that tribal people are fully supporting BJP," he said.

He said the party's manifesto for Karnataka elections has details of the programmes its government will undertake for the empowerment of the scheduled tribes.

In Chitradurga, Mysuru, Uttar Kannada and Bagalkot, the government will set up four 'sindhoora laxman training centres' for vocational training, he said.

Modi said the Congress never thought of giving constitutional status to OBC Commission.

"What problem they have I am yet to understand. Every time they create obstacles despite the community's demand for it," he said.

The Congress, he said, did not allow Parliament to function to block the government's move to accord constitutional status to OBC Commission.

Modi said his government made provisions of SC/ST (Prevention of Atrocities) Act more stringent and increased the number of offences listed under it from 22 to 47.

"The government did this because I know what problems the poor face, what pain Dalits and tribals suffer, and what kind of language is used against them.

"He asked BJP workers to visit the homes of people belonging to scheduled castes, scheduled tribes and backward classes to reassure them that BJP will work for their welfare.

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Agencies
February 10,2020

New Delhi, Feb 10: The government is set to privatise Central Electronics Ltd, a CPSE under the Department of Science and Technology, by selling its 100% stake with management control and has invited the Expression of Interest for the same by March 16.

The selected bidder will be required to lock in its shares for a period of three years during which it cannot undertake the sale of its stake in CEL, the PIM (Preliminary Information Memorandum) said.

"The government of India has 'in-principle' decided to disinvest 100 per cent of its equity shareholding in CEL (which is equivalent to 100 per cent of the total paid up equity share capital of CEL) through Strategic Disinvestment with transfer of management control (Strategic Disinvestment or Transaction)," DIPAM, the Disinvestment Department, said.

The process for the transaction has been divided into two stages, namely, Stage I and Stage II.

After BPCL and Air India, this is yet another CPSE which government is slated to privatise if it gets offers from bidders.

The government has set a challenging target of Rs 2.1 lakh crore disinvestment proceeds from CPSE sell-offs and IPOs, OFSs (Offer for sale) in the next fiscal and it going out all guns blazing to meet that target after revising this fiscal target of Rs 1.05 lakh crore to Rs 65,000 crore.

The Interested Bidders (which can also include employees of CEL) must have a minimum net worth of Rs 50 crore as on March 2019. DIPAM has released complete invitation Preliminary Information Memorandum (PIM) of CEL. Resurgent India Limited is the advisor to the Transaction.

CEL is a pioneer in the country in the field of Solar Photovoltaic (SPV) with the distinction of having developed India's first Solar cell in 1977 and first Solar panel in 1978 as well as commissioning India's first solar plant in 1992.

More recently, it has developed and manufactured the first crystalline flexible solar panel especially for use on the passenger train roofs in 2015.

Its solar products have been qualified to International Standards IEC 61215/61730. CEL is further working on development of a range of new and upgraded products for signaling and telecommunication in the railway sector.

In the SWOT analysis of the CPSE, DIPAM has stated under weakness that "the company has weak financial loss due to past losses, high manufacturing cost and non payment of dues by state nodal agencies affecting the financial position of the company".

The CPSE has adequate land for expansion, the SWOT analysis said adding "the CPSE faces threat of dumping of solar cells at very low rates which makes solar PV manufacturing industry unviable".

Entry of new players in the market for solar products and railway signalling systems also is cited as a threat.

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News Network
March 13,2020

Mumbai, Mar 13:  Investor wealth worth nearly Rs 12 lakh crore was wiped out in less than 15 minutes of trading on the stock exchanges on Friday, with the two benchmarks, the BSE Sensex and the NSE Nifty, crashing over 10 per cent.

The 30-share BSE Sensex plummeted 3,380.59 points, or 10.31 per cent, to 29,397.55. It hit an intra-day low of 29,388.97, falling up to 3,389.17 points.

Trading was halted for 45 minutes in the early session after the index hit its lower circuit limit.

The BSE and NSE benchmark indices, however, pared most losses with the Sensex trading 835.40 points, or 2.55 per cent, lower at 31,942.74, and the Nifty was down 253.25 points or 2.64 per cent at 9,336.90 at 10.40 am.

The mayhem on Dalal Street eroded investor wealth worth Rs 12,92,479.88 crore, taking the total m-cap to Rs 1,12,78,172.75 crore on the BSE at 1020 hours.

The m-cap of BSE-listed companies stood at Rs 1,25,70,652.63 crore at the end of trading on Thursday.

Traders said besides global selloff, incessant foreign fund outflows also weighed on investor sentiments.

On a net basis, foreign institutional investors sold equities worth Rs 3,475.29 crore on Thursday, data available with stock exchanges showed.

On the BSE, 1,279 scrips declined, while 193 advanced and 40 remained unchanged.

Volatility heightened in global markets as benchmarks world over went into panic mode, insinuating a freakish selloff.

Bourses in Shanghai dropped over 3.32 per cent, Hong Kong 5.61 per cent, Seoul 7.58 per cent and Tokyo cracked up to 7.97 per cent.

Wall Street lost 10 per cent in overnight trade.

More than 1,30,000 cases of the novel coronavirus have been recorded in 116 countries and territories, killing at least 4,900 people.

The number of coronavirus patients in India has risen to 74, as per the health ministry.

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News Network
May 29,2020

Washington, May 29: Reiterating his offer to mediate on the border dispute between India and China, US President Donald Trump has said that he spoke with Narendra Modi about the "big conflict" and asserted that the Indian Prime Minister is not in a "good mood" over the latest flare-ups between the two countries.

Speaking with the reporters in the Oval Office of the White House on Thursday, Trump said a "big conflict" was going on between India and China.

"I like your prime minister a lot. He is a great gentleman," the president said.

"Have a big conflict …India and China. Two countries with 1.4 billion people (each). Two countries with very powerful militaries. India is not happy and probably China is not happy," he said when asked if he was worried about the border situation between India and China.

"I can tell you; I did speak to Prime Minister Modi. He is not in a good mood about what is going on with China," Trump said.

A day earlier, the president offered to mediate between India and China.

Trump on Wednesday said in a tweet that he was "ready, willing and able to mediate" between the two countries.

Responding to a question on his tweet, Trump reiterated his offer, saying if called for help, "I would do that (mediate). If they thought it would help" about "mediate or arbitrate, I would do that," he said.

India on Wednesday said it was engaged with China to peacefully resolve the border row, in a carefully crafted reaction to Trump's offer to arbitrate between the two Asian giants to settle their decades-old dispute.

"We are engaged with the Chinese side to peacefully resolve it," External Affairs Ministry Spokesperson Anurag Srivastava said, replying to a volley of questions at an online media briefing.

While the Chinese Foreign Ministry is yet to react to Trump's tweet which appears to have caught Beijing by surprise, an op-ed in the state-run Global Times said both countries did not need such a help from the US President.

"The latest dispute can be solved bilaterally by China and India. The two countries should keep alert on the US, which exploits every chance to create waves that jeopardise regional peace and order," it said.

In Beijing, Chinese Foreign Ministry spokesman Zhao Lijian said on Wednesday that both China and India have proper mechanisms and communication channels to resolve the issues through dialogue and consultations.

Trump previously offered to mediate between India and Pakistan on the Kashmir issue, a proposal which was rejected by New Delhi.

The situation in eastern Ladakh deteriorated after around 250 Chinese and Indian soldiers were engaged in a violent face-off on the evening of May 5 which spilled over to the next day before the two sides agreed to "disengage" following a meeting at the level of local commanders.

Over 100 Indian and Chinese soldiers were injured in the violence.

The incident in Pangong Tso was followed by a similar incident in north Sikkim on May 9.

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