Vijay Mallya is smart. Be smart: Union Minister Oram's advise to tribals

Agencies
July 14, 2018

Hyderabad, Jul 14: Describing fugitive liquor baron Vijay Mallya as 'smart', Union minister Jual Oram on Friday advised scheduled castes and tribes to become smart enough to avail bank loans to become successful entrepreneurs.

Speaking at the maiden National Tribal Entrepreneurs Conclave 2018, here, the Minister for Tribal Welfare said the government would encourage tribal entrepreneurs through various schemes.

He said though people belonging to scheduled castes and scheduled tribes get reservation in education, jobs and politics, the disadvantage is that they are not "treated" on par with others in terms of knowledge and talent.

"We should become entrepreneurs, we should become intelligent. We should become smart. We should gain information. Information is power. Those who possess information, they control power," he said.

He then went on to say, "You people criticise Vijay Mallya. But what is Vijay Mallya? He is smart. He employed some intelligent people. He did something here and there with bankers, politicians, government."

"He bought them. Who prevented you (from being smart)? Who asked Adivasis not to influence the system? Who prevented you from influencing bankers," Oram asked.

Mallya, who fled to the UK in March 2016, is currently undergoing an extradition trial in a UK court over fraud and money laundering charges by Indian authorities.

The minister said some of the SC and ST people shy away from disclosing their title or surname fearing disparity in society.

The minister advised them not to do so and told them that these communities would also thrive running businesses.

"Prime Minister Narendra Modi wishes that SC and STs should no longer remain as job-seekers. But they should become job givers. We should fulfil his wish. I as a minister (am) determined on that.

"We will encourage tribal entrepreneurs though various schemes from the government," he added.

More than 1000 tribal entrepreneurs from across the country participated in the NTEC 2018, which was organised by Dalit Indian Chamber of Commerce and Industry.

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News Network
February 11,2020

New Delhi, Feb 11: AAP leader Sanjay Singh on Tuesday said his party will register a "massive win" in the high-stakes Delhi Assembly election, counting for which began amid tight security at various centres set up to carry out the exercise.

Initial trends suggested the ruling Aam Aadmi Party marching ahead, but the Bharatiya Janata Party leaders maintained that their party would win.

The counting began at 8 am and will be held in multiple rounds, Delhi Chief Electoral Officer Ranbir Singh said.

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News Network
June 12,2020

An Indian national was killed and four others injured in alleged firing by Nepal police personnel along the India-Nepal border in Bihar's Sitamarhi district today.

Sources said the firing took place after a clash between the Indians and personnel of Nepal police at the Lalbandi-Janki Nagar border in Pipra Parsain panchayat under Sonebarsha police station of the district.

Jitendra Kumar, the additional director general of police (headquarters), confirmed the death and injuries. The place of firing falls under Nepal jurisdiction.

Locals said Vikesh Kumar Rai, 25, died on the spot and Umesh Ram and Uday Thakur received bullet injuries when they were working in an agricultural field. Another person, Lagan Rai, is said to have been detained by the Nepali police.

Injured persons were rushed to Sitamarhi Sadar Hospital for better treatment.

Vikesh Kumar Rai’s father, Nageshwar Rai, said that his agriculture land falls under Narayanpur in Nepal where his son was working.

On May 17, Nepal police had fired blank rounds to disperse dozens of Indians trying to cross the border. It was not clear if they were also farmers.

The district magistrate and the superintendent of police of Sitamarhi have rushed to the spot.

Nepal shares a 1,850-kilometre (1,150-mile) open border with India and people travel across it for work and to visit family. It had closed its international borders on March 22 amid the coronavirus pandemic.

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Agencies
January 15,2020

Mumbai, Jan 15: Michael Debabrata Patra took over as Deputy Governor of the Reserve Bank of India (RBI) on Wednesday.

He was an Executive Director of India's central bank before being elevated to the post of Deputy Governor.

An RBI release said that as Deputy Governor, Patra will look after Monetary Policy Department including Forecasting and Modelling Unit (MPD/MU), Financial Markets Operations Department (FMOD), Financial Markets Regulation Department.

He will also look after Market Intelligence (FMRD/MI), International Department (Intl. D), Department of Economic and Policy Research (DEPR), Department of Statistics and Information Management (including Data and Information Management Unit) (DSIM/DIMU), Corporate Strategy and Budget Department (CSBD) and Financial Stability Unit.

Patra, a career central banker since 1985, has worked in various positions in the Reserve Bank of India.

As Executive Director, he was a member of the Monetary Policy Committee (MPC) of RBI, which is invested with the responsibility of monetary policy decision making in India. He will continue to be an ex-officio member of the MPC as Deputy Governor.

Prior to this, he was Principal Adviser of the Monetary Policy Department, Reserve Bank of India between July 2012 and October 2014.

He has worked in the International Monetary Fund (IMF) as Senior Adviser to Executive Director (India) during December 2008 to June 2012, when he actively engaged in the work of the IMF's Executive Board through the period of the global financial crisis and the ongoing Euro area sovereign debt crisis.

The release said that his book "The Global Economic Crisis through an Indian Looking Glass" vividly captures this experience.

He has also published papers in the areas of inflation, monetary policy, international trade and finance, including exchange rates and the balance of payments.

A fellow of the Harvard University where he undertook post-doctoral research in the area of financial stability, he has a PhD in Economics from the Indian Institute of Technology, Mumbai.

He will hold the post for three years or until further orders. The post fell vacant after Viral Acharya resigned on July 23 last year.

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