Pinarayi Vijayan sworn in as Kerala Chief Minister

May 25, 2016

Thiruvananthapuram, May 25: CPI(M) strongman Pinarayi Vijayan was today sworn in as Chief Minister of Kerala heading a 19-member ministry of the party-led Left Democratic Front(LDF) that had 13 new faces including two women.

Pinarayi

72-year-old Vijayan, who pipped his bitter party rival V S Achuthanandan to the top post in Kerala politics, was administered the oath of office and secrecy by Governor Justice (Retd) P Sathasivam at the Central Stadium here.

Hailing from a poor toddy tapper's family, Vijayan, a first time Chief Minister, took the oath in Malayalam. A CPI-M Politburo member, he is the 12th chief minister of Kerala.

Out of the 19-member cabinet, 12 including the Chief Minister are from CPI(M), 4 from CPI, one each from NCP, Janata Dal(S) and Congress(S). The outgoing Congress-led UDF had 21 ministers.

There are 13 new faces, including two women, in the Cabinet. Five ministers had held positions in previous LDF ministries.

The CPI(M)-LDF had unseated the Congress-led UDF by securing 91 seats in the 140-member House in the May 16 assembly polls.

A huge pandal to accommodate at least 30,000 persons was put up at the stadium, adjacent to the state Secretariat. CCTVs erected at various places enabled the large crowd, who had gathered to view the ceremony streamed live.

The slight drizzle failed to dampen the spirits of the party workers who had arrived in buses and other vehicles from various parts of the state, especially the northern districts of Kasaragod, Kannur and Kozhikode, to witness the swearing-in ceremony, which began at 4 pm.

In 2006 also, the swearing in of then Chief Minister V S Achutanandan and his cabinet colleague was held outside the Raj Bhavan.

Former Prime Minister H D Deve Gowda, former Chief Ministers Oommen Chandy, V S Achutanandan, CPI(M) General Secretary Seetharam Yechury, Prakash Karat, 97-year-old K R Gowri Amma, who was Revenue minister in the EMS Namboodiripad cabinet of 1957, former union minister and lone member of BJP in the assembly O Rajagopal, religious and cultural leaders and film actors attended the function.

CPI(M) and CPI ministers took the oath and made solemn pledge, while other Front ministers took the oath in the name of God.

The ministers who were sworn in by the Governor are (CPI-M)) Thomas Isaac, A K Balan, G Sudhakaran, E P Jayarajan, Kadakampally Surendran, K K Shylaja, J Mercykutty Amma, T P Ramakrishnan, A C Moideen, C Raveendranath and K T Jaleel (CPI-M-IND).

CPI: E Chandrasekharan, V S Sunil Kumar, P Thilothaman and K Raju.

Congress S: Ramachandran Kadannappalli.

NCP: A K Saseendran

JD(S): Mathew T Thomas.

This is also the first time that a swearing in ceremony is observing green protocol to ensure zero waste event.

The capital city was a sea of red, with CPI(M) party flags and red buntings flying high in various corners. Party workers were dressed in red shirts and red caps.

Comments

E. SREEDHARAN
 - 
Saturday, 4 Jun 2016

Wish you all the best

E. SREEDHARAN
 - 
Saturday, 4 Jun 2016

Congratulation to you and the team of Ministers. Expect people friendly governance from the Legislatures. Executives, who are often found to be going against wrong directions. needs effective control so as to make real improvements of policy decisions taken by the Legislatures.

Wish you all the best and the entire team of Ministers.

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Agencies
May 4,2020

Mumbai, May 4: Days after Facebook, private equity firm Silver Lake said it will invest 56.56 billion rupees ($746.74 million) in Reliance Industries's digital arm, giving it a valuation of 4.90 trillion rupees. Silver Lake on Monday agreed to pay Rs 5,655.75 crore to buy 1.15 per cent stake in the firm that houses billionaire Mukesh Ambani's telecom arm Jio.

The investment in Jio Platforms comes within days of Facebook investing USD 5.7 billion to buy a 9.99 per cent stake in Jio Platforms. The investment is at a premium of 12.5 per cent to the Facebook deal.

"This investment values Jio Platforms at an equity value of Rs 4.90 lakh crore and an enterprise value of Rs 5.15 lakh crore and represents a 12.5 per cent premium to the equity valuation of the Facebook investment announced on April 22, 2020," Reliance said in a statement.

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News Networkwork
May 14,2020

Bengaluru, May 14: ABB India has posted a profit after tax of Rs 66 crore during the first quarter (January to March) due to lower volumes including service revenue and unfavourable mix.

In Q1 CY19, it had reported a profit after tax of Rs 89 crore. ABB India follows calendar year as its fiscal year.

The company reported a profit including exceptional items and before tax of Rs 87 crore. The resultant under-absorption and mark-to-market impact due to forex volatility were partly offset by refund incomes and a one-time gain on sale of solar business during the quarter.

Revenues for the first quarter stood at Rs 1,522 crore, impacted by lower sales, non-receipt of delivery clearance, lower service revenue in the nationwide lockdown due to the COVID-19 pandemic. This impact primarily occurred in March, the company said in a statement.

ABB India said it continues to maintain a stable cash position of Rs 1,464 crore as on March 31 in a market where cash collection continues to be a challenge.

Besides, despite many activities coming to a standstill in March, the quarter was marked by commissioning for a mining major at Raigarh in Chhattisgarh, electrical and automation systems for a cement major and port and electrics, drives and automation for a leading mill in Bangladesh.

Terminal installation and commissioning for LPG, power management electrical control system for a leading refinery and commissioning of two units of a power plant in Kerala are some of the other projects where ABB's involvement ensured continuity and safe operations, it said.

On a global scale, the impact of COVID-19, as well as the fall in oil prices, has significantly impacted the short-term outlook. The global economy is expected to contract in 2020 after a rapid deterioration in outlook driven by the pandemic.

Despite unprecedented stimuli by governments and central banks around the world and initial signs of recovering economic activity in China, macro-indicators point to a global recession of uncertain duration as many countries continue to face restrictions with anticipated long-term economic consequences, said ABB India.

While the company is taking prompt action to adapt its operations and cost base to safeguard profitability, it expects the results in the coming quarter to be impacted due to the loss of volumes.

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News Network
February 28,2020

Hyderabad, Feb 28: The Cyber Crime Police of Hyderabad has registered an FIR against social media platforms- WhatsApp, Twitter and TikTok- for allowing people to spread anti-national activities, as per a complaint filed by one S Srishailam.

Raghuveer, Additional DCP Cyber Crimes said," We have received a court referred complaint, which was filed by S Srisailam in the concerned court stating that social media platforms Whatsapp, Twitter and TikTok are allowing few people to spread anti-national activities and videos."

S Srisailam also claimed that a few people are running a campaign against the CAA on social media platforms to spread hatred which in turn is causing damage to national integrity.

"In this regard, because the complaint was referred by a court a case has been registered against Whatsapp, Twitter & TikTok under the relevant section of Indian Penal Code and IT Act and took up the investigation," the DCP added.

He also added that the police cannot take action against these platforms as they are not banned in India but can initiate action against persons who intentionally indulge in spreading hatred.

"The police are conducting the investigation and if allegations of the complainant are found to be false then we will drop the case. We had received the case one week ago," informed the DCP.

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