'When decision is right, its echo is heard across globe': PM in Bangkok

News Network
November 3, 2019

Bangkok, Nov 3: India has eliminated a big reason behind sowing of seeds of terrorism and separatism, Prime Minister Narendra Modi said here on Saturday, in a clear reference to abrogation of Article 370 from Jammu and Kashmir and reorganisation of the state.

The Prime Minister's remarks on Kashmir at an Indian diaspora meet in this bustling Thai capital city were greeted with laud applause and a standing ovation by around 5,000 people. "You are aware that India has decided to eliminate a big reason behind sowing of seeds of terrorism and separatism," Modi said.

"When a decision is right, its echo is heard across the globe. And I can hear it in Thailand as well," he said at the 'Sawasdee PM Modi' event at an indoor stadium in central Bangkok. The government has been maintaining that Article 370 providing special status to Jammu and Kashmir was a reason behind terrorism and separatism in the state.

As people stood up and hailed his remarks, Modi said the standing ovation was for India's Parliament and parliamentarians and that their blessings will further energize Indian lawmakers to work harder for the nation. "Your standing ovation will further energize our Parliamentarians. It is a salute to India's Parliament," he said.

In his nearly 50-minute speech Modi also spoke on a range of issues including the welfare measures rolled out by his government, his return to power with a bigger mandate in the Lok Sabha elections, strength of the Indian economy, importance of Indian diaspora in overall growth of the country and how India is emerging as a "major power" globally.

Modi said his government was working to fulfil those aspirations which seemed impossible earlier, adding people's expectations go up from those who work. "People want more work from those who deliver. Their expectations go up from those who work," he said, drawing another round of laud applause.

PM Modi also highlighted India's Act East policy and the importance of the country's ties with 10-nation ASEAN grouping, besides referring to historical linkages between India and Thailand. The prime minister, on a three-day visit here, will address the annual ASEAN-India summit on Sunday. In his address, Modi also traced historical and cultural links between India and Thailand, saying the relationship has been of “heart and soul”.

Noting that Indo-Thai relationship reflects greater amalgamation of cultural bonds, he said his government has been focusing on enhancing the North Eastern region's connectivity with Thailand. "Once the India-Myanmar-Thailand trilateral highway is thrown open, there will be seamless connectivity between both our countries," Modi said.

"This is my first official visit to Thailand, and I can see a lot of Indianness in various aspects in this country—be it culture, food habits or social values...The entire world celebrated Diwali along with India, and I can see that it was the case here too," he said.

The Prime Minister also talked about the Thai royal family's ties with India and even said that Queen Maha Chakri Sirindhorn is a Sanskrit scholar with a deep connect with India. "The affinity and closeness the Thai royal family has for India reflected the strong historical relationship between the two countries,” he said.

In his speech, Modi also talked how the government is celebrating 550th birth anniversary of Guru Nanak, the founder of Sikhism, and said his teachings were a treasure for not only the Sikh community but for the whole world.

Modi also talked about the Kartarpur Corridor and said pilgrims will be able to visit Gurudwara Kartarpur Sahib in Pakistan once the corridor is thrown open next week. The much-awaited corridor will connect Darbar Sahib in Pakistan's Kartarpur - the final resting place Guru Nanak - with Dera Baba Nanak shrine in India's Gurdaspur district.

Talking about various reform initiatives undertaken by his government, Modi said Indians across the globe feel proud about the changes taking place in India in the last five years. “When India speaks, the whole world listens to it because 1.3 billion Indians are involved in building a new India. Because of the changes, people of India have given us bigger mandate in the Lok Sabha polls then earlier,” he said.

The Prime Minister also said India was among the fastest growing economies in the world and that the country is working hard to become a USD 5 trillion economy in next five years. Modi also said that his government decided that holders of the Overseas Citizens of India card can enrol for the new pension scheme, adding his government is also working hard to significantly improve visa consular services abroad.

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News Network
July 16,2020

New Delhi, Jul 16: With the highest single-day spike of 32,695 cases and 606 deaths reported in the last 24 hours, India's COVID-19 tally on Thursday reached 9,68,876, informed the Union Ministry of Health and Family Welfare on Thursday.

The total number of COVID-19 cases includes 3,31,146 active cases, 6,12,815 cured/discharged/migrated and 24,915 deaths.

As per the Ministry, Maharashtra -- the worst-affected state from the infection -- has a total of 2,75,640 COVID-19 cases and 10,928 fatalities. While Tamil Nadu has a tally of 1,51,820 cases and 2,167 deaths due to COVID-19.

Delhi has reported a total of 1,16,993 cases and 3,487 deaths due to COVID-19.

Meanwhile, as per the information provided by the Indian Council of Medical Research (ICMR), 1,27,39,490 samples have been tested for COVID-19 till 15th July, of these 3,26,826 samples were tested yesterday.

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News Network
June 5,2020

New Delhi, Jun 5: Shares of Reliance Industries on Friday gained over 2 per cent to hit their one-year high level after the company announced sale of 1.85 per cent stake in its digital unit, Jio Platforms, to Abu Dhabi-based sovereign investor Mubadala.

On BSE, the heavyweight stock jumped 2.38 per cent to Rs 1,617.70 -- its 52-week high.

It surged 2.41 per cent to its one-year high of Rs 1,618 on NSE.

Earlier in the day, Reliance Industries announced the sale of 1.85 per cent stake in its digital unit to Mubadala for Rs 9,093.60 crore, the sixth deal in as many weeks that will inject a combined Rs 87,655.35 crore in the oil-to-telecom conglomerate to help it pare debt.

"Mubadala Investment Company (Mubadala) will invest Rs 9,093.60 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore," the company said in a statement.

With this investment, Jio Platforms has raised Rs 87,655.35 crore from leading global technology and growth investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala in less than six weeks.

Jio Platforms, a wholly-owned subsidiary of Reliance Industries Ltd, is a next-generation technology company.

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Agencies
July 24,2020

Mumbai, Jul 24: Reliance India Limited (RIL) on Friday overtook ExxonMobil to become the world's second most valuable energy company and 46th among the world's largest companies by market capitalisation.

RIL's market capitalisation stood at Rs 14.16 lakh crore (USD 189.3 billion) at market close on Friday. ExxonMobil's current market value is USD 184.77 billion.

"Reliance Industries, with a market capitalisation of USD 189.3 billion now is the second-most valuable energy company in the world. Reliance Industries now stands at 46th among the world's largest companies by market capitalisation ahead of well-known names like ExxonMobil, Abbott Laboratories, Oracle Corp, Chevron and Unilever Plc, and just below PepsiCo," RIL said in an official release.

RIL continued its rally on Friday, notwithstanding overall weak market conditions.

RIL shares made a new all-time high of Rs 2,163 and were last traded at Rs 2,148.8 on NSE with a gain of 4.4 per cent. The market capitalisation of fully paid-up shares stands at Rs 13.62 lakh crore (USD 182.06 billion), the release said.

Reliance partly paid-up shares gained 9.33 per cent on NSE today to last trade at Rs 1289.95. The partly paid-up shares now have a market capitalisation of Rs 0.55 lakh crore (USD 7.29 billion).

"Reliance's share price had touched a bottom of Rs 867 on March 23, 2020, when the total market value of the company stood at Rs 5.5 lakh crore or $73.5 billion. Thus, RIL has added $115.9 billion to shareholder wealth within just four months - one of the highest value creation feats in the world in such a short time," the release said.

Reliance had earlier raised Rs 212,809 crore through Rights Issue, combined investments in Jio Platforms and investment by bp.

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