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.

Comments

Raj
 - 
Friday, 28 Jul 2017

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

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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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News Network
June 5,2020

Jun 5: Underworld don Dawood Ibrahim and his wife Mahzabeen have tested positive for COVID-19, a top government source told CNN News 18. They were admitted to the Army Hospital in Karachi.

Some of Dawood's personal staff and guards have also been quarantined, the report said on Friday.

Dawood was the mastermind of the 1993 Mumbai blasts and is one of the most-wanted gangsters by India. He has allegedly been living in Pakistan but the neighbouring country has always refusing to accept it.

Earlier in the day, a senior diplomat of the American embassy in Pakistan has tested positive for the novel coronavirus, a media report said.

In a statement, the embassy's spokesman said that while maintaining the privacy, the name of the citizen would not be disclosed.

The US State Department is responsible to protect its citizens, wherever they are, the spokesman added. In coordination with the Pakistani authorities, the consulate is working to enforce the coronavirus protocol in order to stem its spread. The spokesman added that isolation wards, contact tracing and quarantine facility are part of such protocols.

Meanwhile, Pakistan has 89,249 COVID-19 cases and the death toll is 1,838.

 

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News Network
January 1,2020

New Delhi, Jan 1: Prevention of Money Laundering Act (PMLA) court in Mumbai has allowed banks that lent money to embattled liquor tycoon Vijay Mallya to utilize seized assets, news agency reported today quoting sources from the Enforcement Directorate (ED). The court also said all parties affected by the order can appeal at the Bombay High Court till January 18.

Last month, a consortium of Indian banks petitioned a London court for ex-billionaire Vijay Mallya to be declared bankrupt over ₹9,000 crore in unpaid debts. It comes as Mallya, who founded the now defunct Kingfisher Airlines Ltd, faces extradition to his home country of India.

Mallya had fled India in March 2016 and has been living in the United Kingdom since then. The 64-year-old former Kingfisher Airlines is fighting extradition to India in relation of fraud and money laundering allegations arising out of the debt acquired from the banks.

Mallya remains on bail pending the UK High Court appeal hearing in the extradition proceedings brought by India in relation to fraud and money laundering charges amounting to ₹9,000 crores. He had been arrested on an extradition warrant back in April 2017 and has been fighting his extradition in the UK courts since then.

He was granted permission to appeal against his extradition order, which is scheduled in the Royal Courts of Justice in London for February.

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