Previous govts hated development, says PM Modi

Agencies
September 22, 2017

Varanasi, Sept 22: Prime Minister Narendra Modi on Friday lashed out at previous governments, saying they seemed to hate development and “looted” public money to win elections.

Starting his two-day visit to Varanasi, Mr. Modi gifted schemes worth Rs 1,000 crore to his Lok Sabha constituency.

“Development is solution to all our problems. Previous governments seemed to hate development and looted public money to win elections,” he said addressing a public meeting here.

The Prime Minister, who was speaking after inaugurating several development initiatives, said, “We not only launch but also complete projects.”

He targeted previous governments, saying they were driven by political calculations, resulting in schemes being inaugurated but never seeing completion.

‘Empowering the poor’

Asserting that his government’s effort was to empower the poor, he said, “Our aim is to see that the dream of development is fulfilled and lives of poor changes and they get opportunities.”

Mr. Modi said even the poor people do not want their future generations to eke out a living like themselves. “No poor person wants to give their children their poverty in inheritance,” he said.

He said his government shares their dream and is working to realise it. “Our government has a dream to wipe out poverty,” he said.

He inaugurated the Deendayal Hastkala Sankul — a trade facilitation centre for handicrafts and crafts museum — constructed at a cost of ₹ 300 crore.

Referring to development projects for weavers, who constitute a major chunk of the population in the city, Mr. Modi said his government wants their works to be showcased globally so as to enhance their economic prospects.

“Our weavers need a global market which will enhance their economic prospects significantly,” he said.

At the Deendayal Hastkala Sankul, Mr. Modi evinced keen interest in the wooden and glass products on display and talked to the rural artisans to encourage them.

Flags off Mahamana Express

The Prime Minister said his government has started initiatives to connect waterways for economic develoment.

He also flagged off, via a video link, the Mahamana Express train to connect Varanasi with Vadodara and Surat in Gujarat, his home state.

Mr. Modi inaugurated banking services of the Utkarsh Bank and unveiled a plaque to mark the laying of foundation stone of the headquarters building of the Bank.

The Utkarsh Bank specializes in micro-finance.

The Prime Minister dedicated a Jal Ambulance (water amublance) service and a ‘Jal Shav Vahan’ service (water—based vehicle service for ferrying bodies) to the people of Varanasi, through a video link.

On the first day of his two-day tour, he is scheduled to visit the historic Tulsi Manas Temple, where he will release a postal stamp on “Ramayana.” He will also visit the Durga Mata Temple in the pilgim city.

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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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Agencies
June 17,2020

Mumbai, Jun 17: A lawyer on Wednesday moved a criminal complaint against 8 persons, including Bollywood superstar Salman Khan and producer-director Karan Johar, in a local court regarding the death of Bollywood actor Sushant Singh Rajput.

The court had fixed July 3 as the next date of hearing.

In his complaint filed in the court of Chief Judicial Magistrate, advocate Sudhir Kumar Ojha alleged that these eight persons forced Sushant to commit suicide under a conspiracy which, he pleaded, amounted to murder.

Others named in the complaint are Aditya Chopra, Sajid Nadiadwala, Sanjay Leela Bhansali, Bhushan Kumar, Ekta Kapoor, and director Dinesh.

The complainant claimed that these persons did not let Sushant's movies get released under a conspiracy and the late actor was not even invited to film functions because of these people.

Ojha said that Sushant Singh Rajput's death had not only hurt the people of Bihar but the entire country.

He said the complaint had been filed under Sections 306, 109, 504 and 506 and Bollywood actor Kangana Ranawat had been listed as a witness in the case.

Sushant Singh Rajput had allegedly committed suicide at his Bandra flat in Mumbai on Sunday.

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News Network
May 30,2020

New Delhi, May 30: An Air India flight from Delhi to Moscow on Saturday had to return midway after the airline's ground team found out that one of the pilots had tested positive for novel coronavirus, officials said.

"When the A320 plane, which did not have any passengers as it was heading to Moscow to bring back stranded Indians under Vande Bharat Mission, had reached Uzbekistan's airspace, our team on ground realised that one of the pilots had tested COVID-positive," senior Air India officials said.

"The flight was immediately asked to return. It came back to Delhi at around 12.30 pm on Saturday," the officials said. The crew has been quarantined. Another plane would be sent to Moscow to bring back the stranded Indians, according to the officials.

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