Historic Gandhi statue unveiled at Britain's Parliament Square

March 14, 2015

London, Mar 14: A historic bronze statue of Mahatma Gandhi was unveiled today at the Parliament Square here, standing adjacent to iconic leaders like Britain's war-time Prime Minister Winston Churchill and anti-apartheid icon Nelson Mandela.

A galaxy of political leaders led by British Prime Minister David Cameron and Finance Minister Arun Jaitley were joined by Bollywood legend Amitabh Bachchan and the Mahatma Gandhi's grandson Gopalkrishna Gandhi at the ceremony to unveil the 9-foot statue of India's Father of the Nation.

Historic Gandhi

Gandhi is the first Indian and the only person never to have been in a public office to be honoured with a statue at the Square.

The statue was unveiled jointly by Cameron and Jaitley as chants of "Raghupati Raghav Raja Ram", a popular bhajan that was Gandhi's favourite, reverberated in the air.

"This statue is a magnificent tribute to one of the most towering figures in the history of world politics and by putting Mahatma Gandhi in this famous Square we are giving him an eternal home in our country," said Cameron.

Quoting some of Gandhi's famous words, Cameron highlighted how his teachings remain as potent today.

"This statue celebrates the incredibly special friendship between the world's oldest democracy and its largest, as well as the universal power of Gandhi's message," Cameron said.

"Our ties with India have remained close throughout history and continue to go from strength to strength –- through mutual respect as equals, cooperation and trade, and of course through the one-and-a-half million Indians who do so much to make Britain the country it is today, bringing our two countries closer, to the benefit of both," he said.

Jaitley, invited to the UK especially for the unveiling, said the statue was a tribute to the British sense of civility that they now choose to honour someone who was conventionally regarded as their adversary.

"It is a great tribute to both British liberalism and British democracy that they have now chosen Gandhi to share what is the most prominent public space in this country. It is a great day when two adversaries and contrarian viewpoints converge to appreciate each other," Jaitley said.

"The statue will help ensure that the legacy of Gandhi lives on for future generations. It also marks an important, historic moment celebrating the strong bond between our two nations. India and the UK share the same values and we are a partnership of equals. This lasting friendship is just one of many legacies left by Gandhi, which I am keen that we work hard to strengthen further," he said.

His words were echoed by UK Treasury minister and Indian Diaspora Champion Priti Patel, who said: "Gandhiji was a man who became a great agitator of the British government back then. We have now got him coming to Parliament Square in front of the mother of all Parliaments. It is incredibly symbolic."

The sculptor, Philip Jackson, described his creation as an important symbol in the global fight against terror.

"We live in an age where terrorism and acts of random violence are used in an attempt to effect change. Gandhi's sculpture reminds us all that great change can be achieved peacefully and without violence," said the well-known British figurative artist.

Mahatma Gandhi's statue now stands exactly opposite Britain's Houses of Parliament in the Palace of Westminster with Churchill for company, an irony given the British ex-premier's dismissive thoughts of someone he described as a "half naked fakir".

It depicts the leader of the Indian national movement wrapped up in a shawl to shield himself from the London cold during his last visit to the British capital in 1931.

NRI economist and founder of the Gandhi Statue Memorial Trust, Lord Meghnad Desai, described the unveiling as "great occasion for India, UK and the world."

"Gandhi belongs to the whole world but has now found a home in the centre of London, a city which he loved. Let everyone come from everywhere and see for themselves Gandhi in Parliament Square in London," he told PTI.

Lady Kishwar Desai, a Trustee behind the 1-million pound global fund-raising efforts for the statue, said, "To have a permanent memory of Mahatma Gandhi in front of the British Parliament is something every Indian and British-Asian would have wished for."

The move to install Gandhi's statue was announced during an official UK ministerial visit last year and donors have included leading Indian-origin businessmen like steel tycoon Lakshmi N Mittal, Infosys co-founder Narayana Murthy and his family and Bajaj Auto chief Rahul Bajaj.

The sculpture is aimed as a focal point for commemoration of the 100th anniversary of Gandhi's return to India from South Africa to start India's struggle for freedom, as well as the passing of 70 years since his death in 2018, and the 150th anniversary of his birth in 2019.

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March 27,2020

London, Mar 27:  British Prime Minister Boris Johnson said Friday he has tested positive for the new coronavirus, but remains in charge of the U.K.'s response to the outbreak.

Johnson's office said he was tested on the advice of the chief medical officer after showing mild symptoms.

It said Johnson is self-isolating at his 10 Downing St. residence and continuing to lead the country's response to COVID-19.

In a video message, Johnson said he had a temperature and a persistent cough.

Over the last 24 hours I have developed mild symptoms and tested positive for coronavirus.

I am now self-isolating, but I will continue to lead the government’s response via video-conference as we fight this virus.

Together we will beat this. #StayHomeSaveLives pic.twitter.com/9Te6aFP0Ri

— Boris Johnson #StayHomeSaveLives (@BorisJohnson) March 27, 2020
"Be in no doubt that I can continue, thanks to the wizardry of modern technology, to communicate with all my top team, to lead the national fightback against coronavirus."

Earlier this week Britain’s Prince Charles announced that he had tested positive for the virus.

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News Network
April 21,2020

New York, Apr 21: Oil prices plunged below zero on Monday as demand for energy collapses amid the coronavirus pandemic and traders don't want to get stuck owning crude with nowhere to store it.

Stocks were also slipping on Wall Street in afternoon trading, with the S&P 500 down 0.9%, but the market's most dramatic action was by far in oil, where benchmark U.S. crude for May delivery plummeted to negative $3.70 per barrel, as of 2:15 pm. Eastern time.

Much of the drop into negative territory was chalked up to technical reasons — the May delivery contract is close to expiring so it was seeing less trading volume, which can exacerbate swings. But prices for deliveries even further into the future, which were seeing larger trading volumes, also plunged.

Demand for oil has collapsed so much due to the coronavirus pandemic that facilities for storing crude are nearly full.

Tanks could hit their limits within three weeks, according to Chris Midgley, head of analytics at S&P Global Platts.

Benchmark U.S. crude oil for June delivery, which shows a more ”normal” price, fell 14.8% to $21.32 per barrel, as factories and automobiles around the world remain idled. Big oil producers have announced cutbacks in production in hopes of better balancing supplies with demand, but many analysts say it's not enough.

“Basically, bears are out for blood,” analyst Naeem Aslam of Avatrade said in a report. “The steep fall in the price is because of the lack of sufficient demand and lack of storage place given the fact that the production cut has failed to address the supply glut.”

Halliburton swung between gains and sharp losses, even though it reported stronger results for the first three months of 2020 than analysts expected. The oilfield engineering company said that the pandemic has created so much turmoil in the industry that it “cannot reasonably estimate” how long the hit will last. It expects a further decline in revenue and profitability for the rest of 2020, particularly in North America.

Brent crude, the international standard, was down $1.78 to $26.30 per barrel. .

In the stock market, the mild drops ate into some of the big gains made since late March, driven lately by investors looking ahead to parts of the economy possibly reopening as infections level off in hard-hit areas.

Pessimists have called the rally overdone, pointing to the severe economic pain sweeping the world and continued uncertainty about how long it will last.

The Dow Jones Industrial Average was down 364 points, or 1.5%, to 23,887. The Nasdaq was down 0.1%..

More gains from companies that are winners in the new stay-at-home economy helped limit the market's losses Amazon rose 1.4%, and Netflix jumped 3.8% as people shut in at home buy staples and look to fill their time. Clorox likewise rose toward a new record and was up 1% as households and businesses that remain open look to stay clean.

In Tokyo the Nikkei 225 fell 1.1% after Japan reported that its exports fell nearly 12% in March from a year earlier as the pandemic hammered demand in its two biggest markets, the U.S. and China.

The Hang Seng index in Hong Kong lost 0.2%, and South Korea's Kospi fell 0.8%.

European markets were modestly higher The German DAX was up 0.5%, the French CAC 40 was up 0.7% and the FTSE 100 in London gained 0.7%.

In a sign of continued caution in the market, Treasury yields remained extremely low. The yield on the 10-year Treasury slipped to 0.64% from 0.65% late Friday. It started the year near 1.90%. Bond yields drop when their prices rise, and investors tend to buy Treasurys when they're worried about the economy.

Stocks have been on a generally upward swing recently, and the S&P 500 just closed out its first back-to-back weekly gain since the market began selling off in February. Promises of massive aid for the economy and markets by the Federal Reserve and U.S. government ignited the rally, which sent the S&P 500 up as much as 28.5% since a low on March 23.

More recently, countries around the world have tentatively eased up on business-shutdown restrictions put in place to slow the spread of the virus.

But health experts warn the pandemic is far from over and new flareups could ignite if governments rush to allow ”normal” life to return prematurely.

The S&P 500 remains about 15% below its record high in February as millions more U.S. workers file for unemployment every week amid the shutdowns.

Many analysts also warn that a significant part of the recent recovery in stocks is due to the expectation among some investors that the economy will rebound sharply once economic quarantines are lifted. They're essentially predicting that a line chart of the economy will ultimately resemble the letter “V,” with a wild ride down but then a quick pivot to a vigorous recovery.

That may be to optimistic. “We caution that a U-shaped recovery is also quite likely,” where the economy bottoms out and stays at that low level for a while before recovering, strategists at Barclays warned in a recent report.

Without strong testing programs for COVID-19, businesses likely won't feel comfortable bringing back their full workforces for a while.

”With risk assets now overbought, the chance for a correction has increased,” Morgan Stanley strategists wrote in a report.

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News Network
May 7,2020

Islamabad, May 7: Pakistan's COVID-19 cases have crossed 24,000 after 1,523 new infections were detected, while the death toll has jumped to 564 with 38 more people succumbing to the coronavirus, health officials said on Thursday.

Even as the country is seeing an increase in the number of coronavirus cases and fatalities, Prime Minister Imran Khan will discuss the easing of lockdown restrictions with his top aides on Thursday.

The Ministry of National Health Services said that out of the 24,073 total cases, Punjab reported 9,077, Sindh 8,640, Khyber-Pakhtunkhwa 3,712, Balochistan 1,495, Islamabad 521, Gilgit-Baltistan 388 and Pakistan-occupied Kashmir 76 cases.

After 38 more deaths on Wednesday, the total coronavirus patient death toll jumped to 564. Another 6,464 have recovered. A total of 1,523 new patients were added in a single day, the ministry.

So far, 244,778 tests have been conducted, including 12,196 in the last 24 hours, it said.

Prime Minister Khan will chair the National Coordination Committee (NCC) meeting on easing the lockdown restrictions in the country. The meeting will be attended by all chief ministers.

The issue was debated in the National Command and Operation Centre (NCOC) on Wednesday and in the Cabinet on Tuesday.

Planning Minister Asad Umar said that different proposals to allow certain businesses to open were prepared and will be presented before the Prime Minister for a final decision.

Earlier, Khan, undeterred by the mounting number of deaths and the new cases, announced that he was against a lockdown as it hits the poor people badly.

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