Work unitedly to realise Abdul Kalam’s dream of developed India: Modi

Agencies
July 27, 2017

Rameswaram, Jul 27: Prime Minister Narendra Modi on Thursday urged the people to work together to fulfil former president A P J Abdul Kalam’s dream of seeing a developed India by 2022 when it celebrates its 75th Independence Day. “There are 125 crore people and if each one takes one step, then the country would be 125 crore steps ahead,” he told a public meeting near this island, the home town of the late ‘Missile Man’, after inaugurating his national memorial.narendra

Various schemes launched by central government whether it was “Stand up India or Start up India, ‘Amrut’ cities or smart cities or Clean India projects would go a long way in realising Kalam’s dream of “developed India”, he said. In a reference to epic ‘Ramayana’, Modi said even a small squirrel had helped Lord Ram in constructing the ‘Ramasethu’ (bridge) for him to cross over to Sri Lanka.

“If people are committed like that squirrel, the country can scale great heights,” Modi said addressing a gathering at Mandapam, about 15 kms from Rameswaram. He urged the youth and pilgrims visiting this holy town to include a visit to Kalam’s memorial, designed and built by the Defence Research and Development Organisation (DRDO) with which the former president was associated with for a long time.

Modi heaped praise on labourers involved in the construction of the memorial, saying they had not charged for the extra two hours they had put in every day. After sweating it out from 8 AM to 5 PM, they would later take a break for one hour and put in two additional man hours. They had refused payment for these extra two hours, saying it was their way of contributing towards the memory of Kalam, Modi said, adding this deserved a standing ovation.

The audience was immediately on its feet applauding the the labourers, architects and workers who had toiled in raising the structure. Paying rich tributes to Kalam, whose second death anniversary was observed, Modi said the former president continues to inspire crores of countrymen. “People from every corner of the country come here (mostly on pilgrimage). I urge them, the tour operators and youth — whenever you come here, add to your programme a visit to this memorial,” Modi said.

The Prime Minister pointed out that Kalam loved the youths and the students very much, and it was for their benefit that Stand Up and Start Up schemes had been launched. The Mudra bank loan scheme had been launched to provide loans for the youths without any guarantee and it had benefited over eight crore people, including one crore from Tamil Nadu, he said.
A new India and a new Tamil Nadu could be developed with the cooperation of the central and state governments, he said. Ten cities in the state had been chosen for the smart city project and 33 towns for development under the AMRUT (Atal Mission for Rejuvenation and Urban Transformation) scheme, he said.
The central government had allocated Rs.900 crore for the Smart City and Rs.4,700 crore for the AMRUT scheme, he said the latter would ensure availability of better power, water, sanitation and other essential infrastructure. The Prime Minister hoped that the ‘Sagar Mala’ scheme, linking the coastal areas spreading through the country’s 7,500 km coastal line, would bring more investments and benefit people in a big way.

Announcing the launch of deep sea fishing to Rameswaram fishermen under hte Blue Revolution scheme, for which Rs 1,500 crore had been allocated, he said it would help fishermen to get better revenue and at the same time overcome problems relating to the fishing in the Palk Strait. The Prime Minister also flagged off a weekly train to Ayodhya in Uttar Pradesh from Rameswaram.

In order to help the people worship at Ramar Sethu, the mythical bridge believed to have been built by Lord Rama, the Rameswaram-Dhanushkodi road which was destroyed in the devastating cyclone decades ago had been rebuilt. Modi also unveiled synopsis of Green Rameswaram scheme, a pet project of late Kalam, presented by the local Vivekananda Kendra.

He recalled that it was in Rameswaram that Swami Vivekananda placed his first step when he returned from America in 1897. Earlier, after inaugurating the memorial, Modi paid floral tributes to Kalam at his ‘samadhi’. Evincing keen interest in the features of the memorial, which has on display replicas of rockets and missiles on which the late scientist had worked, the Prime Minister viewed it for about 15 minutes.

It has been built at a cost of Rs 15 crore on land alloted by the Tamil Nadu government at Kalam’s village Peikarambu. On the occasion, the Prime Minister also unveiled a wooden statue of Kalam playing the ‘veena’. The former president was adept at playing the musical instrument. The memorial also has about 900 paintings and 200 rare photographs of the late scientist, who held the office of the president from 2002 to 2007.

Modi was accompanied by Tamil Nadu Governor Ch Vidyasagar Rao, Chief Minister K Palaniswami, Union ministers Pon Radhakrishnan, Nirmala Sitharaman and NDA’s vice presidential nominee M Venakaiah Naidu. The prime minister earlier unfurled the national flag at the entrance of the memorial. Later, he interacted with family members of Kalam.

Modi was seen affectionately holding the hands of Kalam’s elder brother A P J Mohamed Muthumeeran Maraikaya.

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Raj
 - 
Friday, 28 Jul 2017

Congrats Sir. May you achieve many more feats in your career. Good luck

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News Network
June 24,2020

New Delhi, Jun 24: A litre of diesel on Wednesday was more expensive than a litre of petrol after the price of the former was hiked by 48 paise on the 18th successive day of fuel price revisions. While petrol price remained unchanged for the first time since June 7, diesel prices maintained upward trajectory to touch new highs.

It is for the first time in Delhi that diesel has become more expensive than petrol. A litre of the fuel now costs ₹79.88 as against ₹79.76 for a litre of petrol, as per a report in news agency ANI.

While surging fuel prices may generate much-needed revenue for governments, it would also have a detrimental impact on household budgets. The spike in diesel prices also has a wider impact on the transport and agricultural sectors which are largely dependent on the fuel.

The widest gap between the prices of the two fuels was on June 18 of 2012 when a litre of petrol was at ₹71.16 in Delhi while diesel was at ₹40.91. On June 28, the gap between the two fuels was 31.17 per litre in Mumbai. Around that time, there was a spurt in sales of diesel passenger vehicles while demand for such vehicles has come down significantly in current times. This has also led many manufacturers to ditch diesel engines completely.

The current trend of fuel price hikes are unlikely to do demand for petrol vehicles much good either.

Daily price revisions of the two fuel had been temporarily halted for 83 days till it was resumed on June 7.

India's demand for fuel doubled in May and has been steadily rising in June with the easing of restrictions. Indian refineries have already scaled up crude processing with Indian Oil Corp, the country's top refiner, looking to operate its plants at about 90% capacity in June.

The rising fuel prices, however, have resulted in political uproar with Congress leading the charge against the central government and accusing it of penalising consumers by imposing high taxes. A demand for including fuel prices under Goods and Services Tax (GST) has also been renewed by many but it is highly unlikely that it would happen. With oil companies looking to cut back on their previous loses and governments - central as well as states - aiming to generate revenue after tumultous weeks of lockdown, fuel price hikes are likely to stay till at least the end of June.

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News Network
January 7,2020

Mumbai, Jan 7: Facing criticism from social media and political quarters for holding a 'Free Kashmir' poster during a protest against violence at Jawaharlal Nehru University (JNU), Mehak Prabhu, a Mumbai-based storyteller, on Tuesday clarified that she meant to highlight the restrictions imposed in Jammu and Kashmir and wishes to see peace in the region, adding she had no other motive behind her actions.

"At around 7 pm yesterday, I reached where the protest was happening at the Gateway of India. Like anybody else who believes in democracy, I also joined that protest. We were standing for justice to the JNU students," Prabhu said in a video posted on Facebook.

"I saw a bunch of people who were painting placards on every issue like NRC, CAA and for JNU students. There was a placard lying on the side which said 'Free Kashmir'. The first thing which came to my mind when I saw that placard was about the basic constitutional rights of Kashmiris," she said.

Prabhu also said that she was not a Kashmiri and was brought up in Mumbai. She outlined that she was standing with a flower in her hand and asserted that the entire matter was "completely blown out of proportion".

"I was quietly standing with a flower in my hand. This means we need to make peace together. That was my only intention in holding that placard. The narrative that has been put out is absolutely wrong," she said, describing the reactions to the matter was "crazy".

The Mumbai-based storyteller underlined that the incident is scary and urged the people to spread the words of what she said and not hatred.

"The way it has gone, it is very scary. I am a simple person. As a woman, it is very scary for my safety right now. Spread this side of my story and let's stop it here. Let us not spread the hate. It has happened to me, it can happen to anyone. We should not live in fear," Prabhu further said.

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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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