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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Agencies
March 15,2020

Financially troubled Yes Bank on Saturday reported a standalone net loss of ₹ 18,560.31 crore for the third quarter of the financial year 2019-20. This is amongst the biggest losses reported by the India Inc.

At present, the private lender is under a moratorium and is controlled by the office of the administrator appointed by the RBI.

The bank had reported a net profit of ₹1,001.85 crore during the corresponding period of the previous financial year.

Besides, the bank's total income fell to Rs 6,268.50 crore from Rs 8,849.81 crore earned during the October-December quarter of the previous fiscal.

On consolidated basis, Yes Bank reported a net loss of ₹18,564.24 crore for the December quarter from a net profit of Rs 1,000.57 crore in the corresponding period of the previous fiscal.

The independent auditor's review report on the consolidated results pointed out that there is a "material uncertainty related to going concern" of the bank.

"The said assumption of going concern is dependent upon the degree of success of the final reconstruction scheme, the quantum of capital infused into the bank and the bank's ability to stabalise its deposit balances post withdrawal of the moratorium by the RBI. Our conclusion is not modified in respect of this matter," the auditor said.

Furthermore, the bank recognised additional loans of ₹ 5,150.2 crore as NPAs and related provisioning requirements of ₹772.5 crore for the quarter ended December 31, 2019.

The bank has recognised an additional provisions of ₹15,422.0 crore in the quarter ended December 31, 2019.

Last week, the RBI placed Yes Bank under moratorium and capped the withdrawal limit at ₹50,000 till next Wednesday.

Additionally, the central bank also superseded Yes Bank's board of directors and appointed former SBI CFO Prashant Kumar as its administrator.

Meanwhile, Kumar has been appointed as the new Chief Executive Officer of the financially troubled lender. He will take over his new responsibilities once the moratorium on the stressed lender is lifted on Wednesday.

Apart from Kumar, Sunil Mehta, former non-executive Chairman of Punjab National Bank, will take over as the non-executive Chairman of Yes Bank.

Other board members include Mahesh Krishnamurthy and Atul Bheda, both as non-executive Directors.

Additionally, six private lenders have joined the SBI to rescue Yes Bank with Federal Bank committing ₹300 crore by subscribing to 30 crore shares of ₹2 each at a premium of ₹8 per equity share.

The six private lenders have now committed an investment of ₹3,700 crore in the cash-strapped private sector bank.

On Friday, ICICI Bank and Housing Development Finance Corporation (HDFC) Ltd had announced that they will be investing ₹1,000 crore each in Yes Bank's equity. Axis Bank and Kotak Mahindra Bank will be investing ₹ 600 crore and ₹500 crore, respectively, while Bandhan Bank will invest ₹300 crore.

The SBI board has already approved up to 49 per cent stake purchase in Yes Bank, as per the RBI's reconstruction scheme for the lender. It had said on Thursday that an investment of ₹7,250 crore would be made in Yes Bank to pick up₹ 725 crore equity shares.

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News Network
March 4,2020

New Delhi, Mar 4: The Supreme Court on Wednesday revoked the ban of cryptocurrency imposed by the Reserve Bank of India (RBI) in 2018.

Pronouncing the verdict, the three-judge bench of the apex court said the ban was 'disproportionate'.

The bench included Justice Rohinton Fali Nariman, Justice S Ravindra Bhat and Justice V Ramasubramanian.

The Internet and Mobile Association of India (IAMAI), whose members include cryptocurrency exchanges, and others had approached the top court objecting to a 2018 RBI circular directing regulated entities to not deal with cryptocurrencies.

Advocate Ashim Sood, appearing for IAMI, submitted that Reserve Bank of India lacked jurisdiction to forbid dealings in cryptocurrencies. The blanket ban was based on an erroneous understanding that it was impossible to regulate cryptocurrencies, Sood submitted.

The petitioners had argued that the RBI's circular taking cryptocurrencies out of the banking channels would deplete the ability of law enforcement agencies to regulate illegal activities in the industry.

IAMAI had claimed the move of RBI had effectively banned legitimate business activity via the virtual currencies (VCs).

The RBI on April 6, 2018, had issued the circular that barred RBI-regulated entities from "providing any service in relation to virtual currencies, including those of transfer or receipt of money in accounts relating to the purchase or sale of virtual currencies".

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Agencies
April 14,2020

New Delhi, Apr 14: Prime Minister Narendra Modi has announced the extension of a nationwide lockdown till May 3 to contain the spread of Covid-19 as the number of novel coronavirus cases surged past 10,000-mark on Tuesday. Hinting at partial relief, however, the Prime Minister said there could be some relaxations after April 20 in places where there is no hotspot.

Lockdown 2.0 will come into force from April 14 till May 3, PM Modi said in a televised address to the nation on Tuesday. The 19-day extension of the lockdown till May 3 is an attempt to contain the spread of novel coronavirus which has affected over 10,000 people in India. 

Even before #COVID19 cases touched 100, India made it compulsory for foreign returnees to remain in 14 days isolation. We imposed 21-day lockdown when we had 550 cases: PM Narendra Modi https://t.co/qi8MgG8qPQ

— ANI (@ANI) April 14, 2020
PM Modi said the Centre will closely monitor hotspots in states across India and added that those areas where there are no hotspots will get partial relief. “Till April 20, all districts, localities, states will be closely monitored, as to how strictly they are implementing norms. States where hotspots are contained could be allowed to resume some important activities, but with certain conditions,” the PM said.

The Prime Minister, in his address to India on Tuesday, began by lauding the efforts of Indians in the fight against novel coronavirus. “Covid-19 is spreading fast but India’s fight against coronavirus is going strong. It is because of your efforts that we are able to put up a fight,” the PM said as he thanked people for their co-operation.

PM Modi said, “People have gone through hardships to save India. I know how many difficulties you faced. I respectfully bow to the people of India for their sacrifice.”

The national lockdown first came into force from March 25 when the PM took an unprecedented measure in the fight against Covid-19. The lockdown was scheduled to end today.

STATES PUSHED FOR LOCKDOWN 2.0

The decision to extend the lockdown followed after a broad consensus emerged that the national lockdown should be extended by at least two weeks following a meeting between PM Modi and state chief ministers on Saturday.

It was reportedly after this meet with the Prime Minister that it was decided that the nationwide lockdown will be extended to tackle the spread of Coivid-19. The extension request from states came despite concerns that the shutdown will put millions out of work.

PM has taken correct decision to extend lockdown. Today, India’s position is better than many developed countries because we started lockdown early. If it is stopped now, all gains would be lost. To consolidate, it is imp to extend it

— Arvind Kejriwal (@ArvindKejriwal) April 11, 2020
"If it is stopped now, all gains would be lost. To consolidate, it is imp (important) to extend it," Arvind Kejriwal had written on Twitter after the meeting while he added that PM Modi had "taken (a) correct decision to extend (the) lockdown”.

Several states had, however, pushed for resumption of some economic activities like in the farming sector in areas where no cases of the novel coronavirus have been reported.

ALL THAT HAS HAPPENED TILL NOW

Prime Minister Narendra Modi first addressed an anxious nation on March 19 as the coronavirus pandemic emerged as a serious concern for the country. In his televised address, the PM asked the people to observe ‘Janata Curfew’ for March 22.
The Prime Minister urged Indians to remain indoors as much as possible as he suggested ways to battle the coronavirus pandemic.

On March 24, the Prime Minister came back and announced a 21-day lockdown across the country. In his second address, PM Modi said the step was taken as it was the only way to break the chain of infection. The lockdown was to be in effect till April 14.

PM Modi later asked citizens to make noise at 5 pm to show their appreciation for medics, nurses and sanitation workers. This call was well received as Indians came out to clap, clang metal vessels and ring bells to cheer workers battling the spread of the coronavirus.

Ten days into the lockdown, the Prime Minister addressed the nation again and asked people to light candles, lamps and hold mobile phone torches for nine minutes from 9 pm on April 5 to demonstrate a collective will to fight coronavirus.

As of Tuesday morning, the death toll due to coronavirus has climbed to 339 with over 50 deaths within 24 hours. The number of cases in the country, meanwhile, had crossed the 10,000-mark, according to the Union Health Ministry. Over a thousand have been cured and discharged.

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