Anti-CAA agitation: Death toll goes up to 15 in UP as one more dies in Rampur

New Indian Express
December 21, 2019

Lucknow, Dec 21: Uttar Pradesh continued to be on edge on Saturday with the anti-CAA protest toll going up to 15. One person was killed and many others were injured in a fresh spell of violent protests in the western UP district of Rampur on Saturday. Meanwhile, 9000 persons have been booked and 2000 held for the violent protests across the state so far.

Four people in Meerut, two each in Bijnor, Sambhal, Kanpur and Varanasi, and one each in Ferozabad, Muzaffarnagar and Rampur have died from injuries sustained during the protests.

Earlier, nine people including three in Meerut, two in Bijnor, and one each in Varanasi, Ferozabad, Sambhal and Kanpur, were killed during violent protests across the state till Friday evening.

Five more people succumbed during treatment in hospitals across different districts. A huge flare-up was witnessed as thousands of protesters had hit the roads after Friday prayers in mosques across Meerut, Muzaffarnagar, Sambhal, Ferozabad, Amroha, Bijnor and Bulandshahr in western UP. Violence was also witnessed in Kanpur, Gorakhpur, Varanasi, Bahriach.  One person had succumbed to gunshot wounds after violent protests in Lucknow on Thursday night.

UP CM Yogi Adityanath issued a renewed appeal to the people of the state to maintain peace. He took to Twitter on Saturday and cautioned the public against falling for any kind of rumours.

Urging the people not to indulge in rumour-mongering, the CMO’s office tweeted, “Chief Minister Yogi Adityanath has said that no one should fall for the deception and confusion being spread on the Citizenship Amendment Act. Uttar Pradesh government is committed to providing security to every person in the state and UP police are doing so.”

Appealing for the restoration of peace, CM Yogi added that no one should be provoked by the instigation of unruly elements. He instructed the police administration to find and punish the people responsible for spreading rumours on the citizenship law and take action against them.

He also hit out at the Congress and Samajwadi Party and accused them of being “anti-national” and “anti-social”. The CM said, “The statements of Congress leaders and the acts of SP leaders are very unfortunate. They are constantly creating confusion. Anti-social and anti-national elements do not want

peace and prosperity in the country. Thus, they are spreading violence by misleading people.”

Meanwhile, hinting at the alleged role of external elements in fomenting trouble in UP, DGP OP Singh claimed that involvement of some outsiders had come to the fore after the initial investigation into the violent protests in the state. “No innocent will be harassed but no trouble maker will be spared either. Faces have been identified and action has been initiated against those who indulged in violence across the state,” said the DGP adding that all aspects of the violence were being probed and analysed by the police investigation team. He claimed that the situation across the state was more or less peaceful.

So far, around 9000 people had been booked in connection with violent protests across the state. Over 2000 people have already been taken into custody. Of the 2000 arrested so far in the state, 218 were held in Lucknow alone. As per highly placed police sources, six of the protesters were reported to be hailing from Malda in West Bengal. “The Bengal connection to the Lucknow violence is cropping up and it is under probe,” said a senior police officer.

Legal action has also been initiated against those who were identified by the police as being responsible for the Lucknow violence. Recovery notices were being issued to the troublemakers asking them to pay the penalty amount for damaging public property in Lucknow during Thursday violence.

The shop of a cloth merchant was sealed by the district authorities in the old city area of Daliganj on Saturday. He has been served a recovery notice of Rs 1.76 lakh. “If he fails to deposit the penalty amount, his shop will be auctioned to derive the money,” said a senior cop.

Similarly, Gorakhpur police also released photos of a number of trouble makers who had indulged in violence during protests in the city on Friday. The trouble makers were identified on the basis of CCTV footage and video clips, said the DGP.

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News Network
July 1,2020

Jul 1: Gold prices in India hit an all-time high on Wednesday, tracking a global rally, as surging coronavirus cases in many countries raised the metal's safe-haven appeal.

Local gold futures hit an all-time high of Rs 48,871 ($646.66) per 10 grams in early trade, taking their gains to 25% in 2020 so far. The contract had gained nearly 25% in 2019.

However, this dampened the retail demand for gold in India, the world's second-largest consumer of the precious metal.

"Retail demand is negligible. Buyers are postponing purchases anticipating a correction in prices," said a Mumbai-based bank dealer with a bullion importing bank.

In thin trade, dealers were offering a discount of up to $22 an ounce over official domestic prices on Wednesday afternoon, up from the last week's $18. The domestic price includes a 12.5% import tax and 3% sales tax.

The country's gold imports in May plunged 99% from a year earlier as international air travel was banned and jewellery shops were closed amid a nationwide lockdown to curb the spread of coronavirus.

In overseas market, spot gold firmed near an eight-year peak on Wednesday, as a spike in coronavirus cases in the United and States and many other countries has cast a shadow on hopes for a quicker global economic recovery, driving inflows into safe-haven assets.

According to a latest Reuters tally, the coronavirus has infected more than 10.48 million people worldwide so far.

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Agencies
June 18,2020

New Delhi, Jun 18: Reliance Industries Ltd on Thursday said it has sold a 2.32 per cent stake in its digital unit to Saudi Arabia's Public Investment Fund (PIF) for Rs 11,367 crore, taking the cumulative fund raising to about Rs 1.16 lakh crore in two months.

Starting with Facebook Inc on April 22, Reliance has sold almost 25 per cent of equity in Jio Platforms - the maximum reports suggest the company intends to dilute to financial investors.

The investment by Saudi sovereign wealth fund is "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 115,693.95 crore from some of the leading global investment powerhouses at a time when the world is deeply impacted by the coronavirus pandemic, resulting in a recession kind of environment for the global economy.

"With the addition of PIF's investment, Jio Platforms has established partnerships with a marquee set of global financial investors, who will contribute to establishing the Digital Society vision for India," the statement said.

Jio Platforms houses India's biggest telecom firm by subscribers, Reliance Jio. With more than 388 million users, Jio has forced out several rivals and driven consolidation in the sector since entering the market in 2016 with free voice services and cut-price data.

Over the past two months, billionaire Mukesh Ambani's oil-to-telecom conglomerate has announced the sale of about $14 billion of assets, completed a Rs 53,124 crore rights issue and slowed the run rate of new investment by a quarter.

These will help Reliance meet its target of paying off Rs 1.61 lakh crore of net debt by the end of the year.
This is PIF's largest investment into the Indian economy to date.

Ambani, chairman and managing director of Reliance Industries, said, "We at Reliance have enjoyed a long and fruitful relationship with the Kingdom of Saudi Arabia for many decades. From oil economy, this relationship is now moving to strengthen India's New oil (data-driven) economy, as is evident from PIF's investment into Jio Platforms."

Yasir Al-Rumayyan, governor of PIF, commented: "We are delighted to be investing in an innovative business which is at the forefront of the transformation of the technology sector in India. We believe that the potential of the Indian digital economy is very exciting and that Jio Platforms provides us with an excellent opportunity to gain access to that growth."

"This investment will also enable us to generate significant long-term commercial returns for the benefit of Saudi Arabia's economy and our country's citizens, in line with our mandate to safeguard and grow the national wealth of the Kingdom," he said.

The transaction is subject to Indian regulatory and other customary approvals.

Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell acted as legal counsels.

Prior to this deal, Reliance had sold 22.38 per cent of Jio Platforms to investors including Facebook Inc, securing Rs 104,326.95 crore in eight weeks.

Facebook kicked off the party, investing Rs 43,573.62 crore for a 9.99 per cent stake on April 22. This was closely followed by a further Rs 60,753.33 crore in investment.

Silver Lake - the world's largest tech investor - bought a 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore on May 4. It invested another Rs 4,546.80 crore for additional 0.93 per cent stake on June 5, taking its total holding to 2.08 per cent
Private equity KKR and Vista Equity Partners have taken 2.32 per cent stake each for Rs 11,367 crore apiece. KKR invested in Jio Platforms on May 22 while Vista invested on May 8.

Abu Dhabi sovereign wealth fund Mubadala Investment Co picked up 1.85 per cent in Jio Platforms for Rs 9,093.60 crore on June 5. Abu Dhabi Investment Authority on June 7 invested Rs 5,683.50 crore for a 1.16 per cent stake in Jio Platforms.

On May 17, global equity firm General Atlantic picked up 1.34 per cent stake in Jio Platforms for Rs 6,598.38 crore.

Global investment firm TPG on June 13 picked up 0.93 per cent for Rs 4,546.80 crore while L Catterton bought 0.39 per cent for Rs 1,894.50 crore.

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Agencies
June 8,2020

Lucknow, Jun 8: The coronavirus which has now been assigned a gender, is being worshipped in Uttar Pradesh also after Bihar as superstition run deep. Women in some villages in Tumkuhiraj, Kasia, Hata, Captanganj and Khadda tehsil in Kushinagar district have started worshipping 'Corona Mai' and are pleading with her to spare lives.

These women have dug a small pit in the field, filled it with water and each one offers nine cloves and nine 'laddoos' to 'Corona Mai' to appease her.

Women from adjoining villages are now flocking to the 'temple' to pray to 'Corona Mai'.

Some local people have appealed to the district administration to stop such activities which spread superstition and misinformation.

Radhey Lal, a school teacher in Kasia, said, "The authorities must stop such activities which promote superstition. Everyone knows that there is no cure for corona and this kind of activities must be stopped."

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