Votes of youths will be bedrock of new India, says Modi

Agencies
December 31, 2017

New Delhi, Dec 31: Prime Minister Narendra Modi on Sunday urged youths, who turn 18 on Monday, to register as electors and said their votes would prove to be the bedrock of New India.

In his last 'Mann ki Baat' address of the year, he suggested that 'mock Parliament' be organised around August 15 in Delhi, comprising a young representative selected from every district of the country who would deliberate on how a new India could be formed in the next five years.

He said mock parliaments should be organised in every district before the proposed event in August in the national capital.

He said in the new year, people should take concrete steps to make a "progressive India" and also recounted an inspirational story of Anjum Bashir Khan Khattak, the topper of the Kashmir Administrative Service examination.

"He actually extricated himself from the sting of terrorism and hatred and topped in the Kashmir Administrative Examination. You will be surprised to know that terrorists had set his ancestral home on fire in 1990," Modi said.

He said terrorism and violence were so widespread there that his family had to leave their ancestral land and flee.

For a young child, such an atmosphere of violence could easily create darkness and bitterness in heart, but Anjum did not let it be so and he never gave up hope. He chose a different path, a path of serving the people, he said. He also recalled his meeting with young girls from the state and said he was amazed at the spirit that they had, the enthusiasm that was there in their hearts and the dreams they nurtured.

He said people born in the year 2000 or later would gradually begin to become eligible voters from January 1, 2018.

"The Indian democracy welcomes the voters of the 21st century, the 'new India voters'. I congratulate our youth and urge them to register themselves as voters.

"The entire nation is eager to welcome you as voters of the 21st century...your vote will prove to be the bedrock of new India. The power of the vote is the greatest strength of a democracy. It is the most effective tool in bringing about a positive change in the lives of millions of people," he said.

According to the Election Commission, 13,430,193 people who were 18-19 years of age voted in the 2014 Lok Sabha polls. "...new India will be free from the poison of casteism, communalism, terrorism and corruption; free from filth and poverty. In the New India everyone will have equal opportunity and aspirations and wishes of everyone will be fulfilled. New India will be a place where peace, unity and amity will be our guiding force," Modi said in his broadcast.

On cleanliness, Modi said a change can now be seen in the form of public participation in rural and urban areas alike.

He said cleanliness survey 2018, the largest in the world, will be conducted from January 4 to March 10 to evaluate the achievements of the mission in urban areas. This survey will cover a population of more than 40 crore in over 4,000 cities.

He said this Republic Day, not one but ten chief guests would grace the January 26 parade at Rajpath.

"...January 26, 2018 will especially be remembered through the ages. The Republic Day will be celebrated with leaders of all ten ASEAN (the Association of Southeast Asian Nations) countries coming to India as chief guests...this is unprecedented in India's history," he said.

He said, 2017 has been special for both Asean and India. While, Aseab completed 50 years of formation and India's partnership with Asean also completed 25 years.

"On January 26, the arrival of great leaders of 10 nations of the world as a unit is a matter of pride for all Indians," Modi said.

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News Network
July 25,2020

New Delhi, Jul 25: India reported a spike of 48,916 coronavirus cases on Saturday, according to the Union Ministry of Health and Family Welfare.

The total COVID-19 positive cases stand at 13,36,861 including 4,56,071 active cases, 8,49,431 cured/discharged/migrated. With 757 deaths in the last 24 hours, the cumulative toll reached 31,358.

Maharashtra has reported 3,57,117 coronavirus cases, the highest among states and Union Territories in the country.

A total of 1,99,749 cases have been reported from Tamil Nadu till now, while Delhi has recorded a total of 1,28,389 coronavirus cases.

According to the Indian Council of Medical Research (ICMR), 4,20,898 samples were tested for coronavirus on Friday and overall 1,58,49,068 samples have been tested so far.

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News Network
June 29,2020

New Delhi, Jun 29: India recorded 19,459 new coronavirus cases and 380 deaths in the last 24 hours.

According to the Ministry of Health and Family Welfare on Monday, the total coronavirus cases in the country stands at 5,48,318 including 2,10,120 active cases, 3,21,723 cured/discharged/migrated and 16,475 deaths.

Maharashtra's COVID-19 count touched 1,64,626 and cases in Delhi have reached 83,077.

The total number of samples tested up to 28 June is 83,98,362 of which 1,70,560 samples were tested yesterday, as per the data provided by the Indian Council of Medical Research (ICMR). 

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News Network
March 10,2020

Mar 10: Indian energy tycoon Mukesh Ambani is no longer Asia’s richest man, relinquishing the title to Jack Ma after oil prices collapsed along with global stocks.

The rout, exacerbated by mounting fears that the spread of the novel coronavirus will thrust the world into a recession, erased $5.8 billion from Ambani’s net worth on Monday and pushed him to No. 2 on the list of Asia’s richest people, according to the Bloomberg Billionaires Index. Ma, the Alibaba Group Holding Ltd. founder who relinquished the No. 1 ranking in mid-2018, is back on top with a $44.5 billion fortune, about $2.6 billion more than Ambani.

Oil plunged the most in 29 years on Monday as Saudi Arabia and Russia vowed to pump more in a struggle for market share. The slump comes just as the coronavirus is spurring the first decline in demand in more than a decade. That raises questions about whether Ambani’s flagship Reliance Industries Ltd. will be able to cut net debt to zero by early 2021, as he has pledged. The plan hinges on a proposal to sell a stake in the group’s oil and petrochemicals division to Saudi Arabian Oil Co., the world’s biggest crude producer.

While the coronavirus has curtailed some of tech giant Alibaba’s businesses, the damage has been mitigated by increased demand for its cloud computing services and mobile apps.

Reliance Industries, by comparison, has no such silver lining. The Indian conglomerate’s shares plunged 12% on Monday, the most since 2009, extending this year’s decline to 26%. Alibaba’s American depositary receipts have slipped 6.8% so far in 2020.

Ma reclaims crown after Reliance shares were pummeled in 2020.

Few of the world’s billionaires fared well in Monday’s collapse as the S&P 500 Index and Dow Jones Industrial Average each plunged more than 7.5%, the most since the 2008 financial crisis, threatening to end the longest bull market in history. But no one did worse than those whose fortunes are underpinned by oil. Wildcatter Harold Hamm’s fortune was cut almost in half to $2.4 billion and fellow oil magnate Jeff Hildebrand lost $3 billion, bumping both from Bloomberg’s 500-member wealth ranking.

In a pivot toward new businesses such as telecommunications, technology and retail, Ambani’s Reliance Industries has piled on billions of dollars of debt over the years.

It spent almost $50 billion -- most of it funded by borrowings -- to build Reliance Jio Infocomm Ltd., which became India’s No. 1 wireless carrier within about three years of its debut. As the mobile venture took off, Ambani also unveiled plans for an e-commerce empire to rival Amazon.com Inc. in India.

Addressing concerns over the liabilities, Ambani pledged in August to cut the group’s net debt to zero from about $21 billion as of last March. The Aramco deal is crucial to that plan for which Reliance Industries has valued its oil-to-chemicals division at $75 billion including debt, implying a $15 billion valuation for the 20% stake that’s for sale.

Signs of a potential delay to that deal unnerved some investors, hammering the stock since it touched a record high on Dec. 19.

Reliance Industries expected the Aramco transaction to be completed by March, but people familiar with the matter said in February that talks were still ongoing to bridge differences between the two parties over the deal’s structure.

Adding to the uncertainty, Indian Prime Minister Narendra Modi’s administration has petitioned a court to halt the proposed stake sale, threatening a key source of funds needed to pare net debt.

But Ambani, 62, may soon bounce back from the setback, said Harish H.V., managing partner at ECube Investment Advisors in Bengaluru, India.

“The game isn’t over,” he said. “Ambani has successfully built a robust business model which would keep him in the game. Moreover, his telecom business will start yielding results in coming years.”

Comments

SmR
 - 
Tuesday, 10 Mar 2020

The curses of the bank depositors savings which vanished with collapsing economy and fraudlent seems to have gradully affecting riches of Ambani's.

 

AU
 - 
Tuesday, 10 Mar 2020

in Holy Quran Allah says; but they plan and Allah plans, and Allah is the best planners..(Surah Al Anfal 8:30)

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