Oppn slams Centre over denial of foreign aid to Kerala

Agencies
August 23, 2018

New Delhi, Aug 23: Opposition parties, including the Congress and CPI(M), today trained its guns on the Centre asking it to remove obstacles in accepting foreign aid for rain-ravaged Kerala, including Rs 700 crore offered by the UAE, even as government justified the stand.

Union Minister Alphons Kannanthanam defended the Centre's decision, saying in refusing foreign aid for rehabilitation of the flood-hit state, the government has followed a 14-year convention it "inherited" from previous governments of not accepting such assistance in the face of natural calamities.

Joining the issue, CPI(M) Kerala state secretary Kodiyeri Balakrishnan said Centre should make changes in the convention to get Kerala assistance from foreign countries. In a Facebook post, he termed as "wrong" the Centre's decision to refuse UAE's aid offer.

"The refusal to accept foreign assistance is an act of vengeance," Balakrishnan said. Congress termed the centre's decision as "disappointing."

AICC general secretary and former chief minister Oommen Chandy has shot off a letter to Prime Minister Narendra Modi, urging him to modify rules, if any, to facilitate foreign funding for rebuilding the flood-ravaged state.

"The decision is quite disappointing to the people of Kerala. Rules should be as such to eradicate the sufferings of the people.

If there exist any obstacles against the acceptance of foreign financial aid, kindly look into the matter seriously and bring suitable modifications," he said in his letter.

The Communist Party of India today said if the Centre wants to reject the Rs 700-crore offer of the UAE to Kerala, it should give a Rs 2,600-crore interim assistance as sought by the southern state for flood relief operations.

Suravaram Sudhakar Reddy, the national general secretary of the CPI -- the second biggest constituent in the ruling Left Democratic Front government in Kerala -- accused the Centre of "standing on false prestige" on the issue of foreign aid at times of natural disasters.

He said when a country faced a natural calamity, it was normal for other nations to offer aid, and recalled that India had helped Nepal and Bangladesh in such situations in the past and even made an offer to Pakistan when there was an earthquake in the neighbouring country.

"In such circumstances, we can accept from the UNO and the UAE...whoever supports unconditionally without strings. ..we should accept it," Reddy told PTI in Hyderabad.

Justifying the stand of the Centre, which is under fire for refusing aid for Kerala from countries like the UAE and Thailand, Alphons said this was a policy that was followed by the current government since former prime minister Manmohan Singh had refused aid from foreign countries in 2004 during the devastating Tsunami.

"A policy decision was taken by the Manmohan Singh government in December 2004 in the aftermath of the Tsunami and that policy has been continued with for the last 14 years.

This is something we have inherited," he told reporters in New Delhi.

Earlier, among others, Kerala Finance Minister Thomas Isaac had flayed the BJP-led government over the refusal of aid and said the rain ravaged southern state had asked the Centre for a financial support of Rs 2,200 crore, but was granted only Rs 600 crore.

"We make no request to any foreign government but UAE government voluntarily offered Rs 700 crore. No, says Union government, it is below our dignity to accept foreign aid.

This is a dog in the manger policy (sic)," Isaac had written on Twitter.

He had further said as part of the state government's resource mobilisation efforts for ongoing relief-and-rescue operations for the flood-hit people, it had increased the excise duty on liquor and was geared to approach the GST Council for imposing a 10-per cent cess on SGST.

"Both together on annualised basis mobilise ?750 crore (sic)," Isaac had written on the microblogging website.

The state has suffered an estimated loss of Rs 20,000 crore (as per a preliminary estimate) and had sought an interim assistance of Rs 2,600 crore from the Centre, besides a special package of a similar amount under the Mahatma Gandhi Rural Employment Guarantee Scheme (MGNREGA).

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News Network
April 2,2020

Chandigarh, April 2: A 59-year-old woman and her 10-month-old granddaughter have tested positive for novel coronavirus in Chandigarh on Thursday.

According to the Chandigarh Health Department, they are family contacts of the NRI couple that tested positive for COVID-19 earlier.
With this, the total cases in the Union Territory rose to 18.

The total number of confirmed COVID-19 cases in the country climbed to 1,965 on Thursday, after as many as 328 new cases were reported, said the Union Ministry of Health and Family Welfare. So far, at least 50 people have lost their lives due to the virus.

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Agencies
June 16,2020

Mumbai, Jun 16: Saudi Arabia’s sovereign wealth fund, PIF, is all set to pick up a stake in Jio Platforms, which would complete 25% of Jio’s equity dilution to the investors, said a report by the Gulf News.

Jio Platforms is part of the Reliance Industries empire owned by Mukesh Ambani. The Public Investment Fund (PIF) will acquire 2.33% for an estimated $1.5 billion, the report said.

So far, Jio Platforms has raised investment from 10 different global investors in seven weeks, the latest being TPG Capital buying 0.93% equity for Rs 4,547 crore and private equity firm L Catterton picking up a 0.39% stake for Rs 1894.50 crore.

Jio Platforms has raised a total of Rs 1.04 lakh crore so far from leading global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG and L Catterton since April 22.

With PIF coming on board, Jio Platforms would have diluted 25% of its equity. That's the maximum they intend to dilute to financial investors, which includes Mark Zukerberg's Facebook.

Any new investors coming on board in future will have to be "strategic investors, a tech giant, for instance," said a source who was part of the deal-making process, the report said.

In recent days, Jio Platforms, which will merge telecom, content streaming, gaming and ecommerce features into its app, has seen Abu Dhabi's Mubadala and ADIA pick up significant stakes amounting to $1.2 billion and $750 million, respectively.

Reliance Industries' owner, Ambani, Asia's richest man, has been on an investor acquisition spree, with the likes of Facebook and private equity majors such as KKR and Silver Lake Capital investing in Jio Platforms.

The contours of the deal with Saudi Arabia's PIF was finalised during Ramadan. "It was always Mukesh Ambani's wish to have a special relationship with Saudi Arabia and the UAE," said Anshuman Mishra, a London-based confidante and family friend of the Ambani family of longstanding, Gulf News quoted as saying.

He has also worked extensively with Gulf sovereign wealth funds over the years.

"Saudi Arabia's coming in to close the financial investor round in Jio is indicative of the special nature of the relationship. This is also indicative of the multi-billion-dollar partnership announced last year with Saudi Aramco.

"This is a major success for the present Indian government's foreign policy initiative in the gulf and symbolic of India's significance in the GCC," it said.

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News Network
January 9,2020

Dubai, Jan 9: A roadshow promoting Gujarat as an education hub of India will be held here from January 17, officials said.

Representatives of 22 universities and four colleges from Gujarat will be part of the two-day event organised by the Indian Consulate in Dubai.

"The roadshow will provide a glimpse of the thriving education sector in Gujarat and enable the interested candidates to get a first-hand understanding of the rich resources of the state in order to pursue higher education," according to a statement released by the Indian Consulate here on Wednesday.

A delegation led by Gujarat's Education Minister Bhupendrasinh Chudasama will take part in the event under the 'Study in Gujarat' campaign, the statement said.

The Principal Secretary of the state's Higher and Technical Education, Anju Sharma, will participate in the roadshow, which will conclude on January 18.

The participating educational institutions include Pandit Deendayal Petroleum University, Gujarat Forensic Science University, Nirma University, LD College of Engineering, Gujarat Arts and Science College, Vishwakarma Government College and SAL College.

"In the last decade and a half, Gujarat has been successful in establishing its identity as the leading educational hub of India. State of the art infrastructure, safe environment, curriculum at par with international standards and industry exposure gives students an edge during the course of their study," the statement said.

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