India does not need govt that makes Hindus fight Muslims: Rahul

April 21, 2014

Ramanathapuram(TN), Apr 21: Making a strong pitch for a ''pro-poor, secular government'' at the Centre, Congress Vice President Rahul Gandhi today said India does not need a government that ''makes Hindus fight Muslims'' in an apparent dig at BJP.Rahul

Addressing an election rally here, he said that since these were Lok Sabha elections, local Tamil parties, with which Congress failed to enter into a poll-pact, will not form the government at Delhi.

"You must ensure that a pro-poor, secular government comes to power at Delhi. We don't need a government that promotes hate and anger. We don't need a government that makes Hindus fights Muslims," he said.

The country also did not require a government that "imposes ideas from one state on another," he added.

Seeking to enthuse workers who are putting up with the stiff challenge as the party is facing the polls alone, Gandhi said he was happy that Congress was fighting the elections by itself as there was no need for any compromise.

"I am proud to see our workers all charged up and ready to fight elections and ready to fight under Congress banner. Now we will not have to compromise," he said.

Congress' long-time ally DMK had walked out of the UPA coalition in March 2013, citing the emotive Sri lankan Tamils issue even as the Dravidian major had spurned the national party's offers for a pre-poll alliance this year.

Voicing confidence that his party will put up a good show in the April 24 Lok Sabha polls, Gandhi said Congress would not confine its fight to this LS polls alone but also fight and come to power in the state in the future.

The party was last routed in the 1967 Assembly elections when DMK under its founder C N Annadurai first wrested power from the national party and has been piggybacking on either DMK or AIADMK.

Taking a dig at BJP's Prime Ministerial nominee Narendra Modi, Gandhi said that while he talks of the Gujarat model of development, he should witness the Tamil Nadu model,indicating that the southern state fared better, a claim made by Chief Minister J Jayalalithaa.

"Tamil Nadu has not only shown India but the rest of the world what Tamil people are capable of doing. Mr Modi talks about the Gujarat model, may be he should come here and take a look at the Tamil (Nadu) model," he said.

Gandhi, making his first stop in Tamil Nadu where Congress is fighting from all 39 constituencies, listed out the achievements during 10 years of UPA rule like the Food Security Act and Right to Information Act, which, he said, had empowered the people.

While the opposition (BJP) talks of corruption, it has made no proposal to end it, he said, citing the saffron party's election manifesto.

However, by empowering people with RTI, Congress was "responsible for making corruption visible to people," as they can question the government and those running it on any issue related to governance, he added.

Claiming credit for Congress for passage of the Lokpal Bill, he termed it as a "tremendous weapon against corruption," even as he charged the opposition with trying to stall it.

"They did not allow Parliament to run, came into the well of the House but eventually we passed the Lokpal Bill," he said, adding some more anti-corruption bills were waiting to be passed, but maintained that if opposition was really concerned about corruption, they should have helped pass them.

Asserting that the Congress government was committed to making the lives of 70 crore people who were just below the middle class better, he said this could be achieved only by providing jobs to millions of people and promised efforts in this regard.

He said a big infrastructure corridor covering Delhi, Mumbai, Bangalore, Chennai and Kolkata will be created and this would have highways, power plants and dedicated railway lines among others and India would work with Japan for this project.

Further, a slew of factories and manufacturing units would usher in the much-needed mass employment, he said,adding this would pave way for Indian products being exported to many countries, much like China was doing now.

Banking on various pro-poor measures, including enacting the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, (Land Acquisition Act), he said it promised a better deal for farmers,promising four times the market rates as compensation.

On the lines of the Food Security Act, he promised to bring in right to medicines and minor surgeries and homes.

Dwelling on women's empowerment, he said that the "first thing" UPA-III would do after coming back to power would be to pass the Women's Reservation Bill, stuck in the Lok Sabha.

He recalled the Congress-led government had removed the nine-cylinder ceiling on subsidised LPG cylinders after women raised concerns.

Gandhi also promised to solve the fishermen's issue.

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News Network
April 12,2020

Hyderabad, Apr 12: Indicating that prolonged lockdown to contain coronavirus spread may lead to job cuts in the Indian IT industry, NASSCOM former president R Chandrashekhar has said that the work-from-home culture may become a positive development in the long run as it opens up newer avenues and save investments by IT firms.

The former bureaucrat also said startups which are surviving on funds infused by venture capitalists may face tougher situations if the present scenario deteriorates.

"The larger companies may not be actually cutting jobs for two reasons. One is that they do not want to lose their employees and they have money to pay. Many of them ( big companies), even if they do shed some jobs it might be at the most people who are on temporary or intern type and all. But they would not want regular and permanent employees to go. So as long as they have sufficient flexibility in their books, they would continue," said NASSCOM former president.

"But beyond a point that it goes on, for let us say, two months or three months, then even for them, they will feel the pressure. They may not just keep on providing subsidies to the employees. So the key question will be how long that goes on," Chandrasekhar said.

He also said the work-from-home systems being adopted by several firms across the globe, including India, may have a negative impact on the industry in the short-term, but in the long run it would change the work culture which hitherto was not experienced by many of the IT firms in India.

 On impact of the prolonged lockdown on startups, he said it would be a big challenge for the budding enterprises as the investments they get are based on their ideas and future revenues and the present situation under which peoples movement is curbed may shackle their progress.

 "Where will they (startups) get money to pay salaries to their employees. Venture capital investors would not pay the money or invest their money to pay salaries because they are not in the charity business."

If the employees are not paid and if they leave and it is difficult for the startup againto come up. So the whole investment plan goes for a toss, he said.

Former chairman of NASSCOM, B V R Mohan Reddy said a clear picture as to what is going to happen has not yet emerged as the situation with all respects is still evolving. Reddy said there will be a demand shrinkage for the IT industry as the entire world is under stress. "There is no economy in this world that is going to do well in this situation.

So, therefore, there will be a demand shrinkage, he said, indicating tougher times of the industry ahead.

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News Network
February 9,2020

New Delhi, Feb 9: As the outbreak of novel coronavirus has lead to the death of more than 800 Chinese nationals, aviation regulator DGCA on Saturday said that foreigners who went to China on or after January 15 will not be allowed to enter India.

The DGCA, in its circular to airlines on Saturday, reiterated that all visas issued to Chinese nationals before February 5 have been suspended.

However, the Directorate General of Civil Aviation (DGCA) clarified, "These visa restrictions will not apply to aircrew, who may be Chinese nationals or other foreign nationalities coming from China."

"Foreigners who have been to China on or after January 15, 2020, are not allowed to enter India from any air, land or seaport, including Indo-Nepal, Indo-Bhutan, Indo-Bangladesh or Indo-Myanmar land borders," the DGCA said.

Among Indian airlines, IndiGo and Air India have suspended all of their flights between the two countries. SpiceJet continues to fly on Delhi-Hong Kong route.

On February 1 and 2, Air India conducted two special flights to Chinese city of Wuhan, epicentre of the outbreak, evacuating 647 Indians and seven Maldivians.

Till date, three Indians have tested positive for novel coronavirus.

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News Network
July 23,2020

New Delhi, Jul 23: Riding high on foreign investors buying stakes in Jio Platforms, Reliance Industries Ltd Chairman Mukesh Ambani became the world’s fifth-richest person Wednesday, edging past American investor Warren Buffett on the real-time ranking of billionaires by Forbes. With an estimated wealth of $75 billion, Ambani is only next to Facebook co-founder and CEO Mark Zuckerberg, whose wealth is pegged at $89 billion.

Buffet had slipped down the rankings after donating more than $37 billion of Berkshire Hathaway Inc. stock since 2006 to charity. Berkshire Hathaway’s stock performance has also underwhelmed recently.

Amazon founder and CEO Jeff Bezos still sits at top in the richest list, with a net worth of $185.8 billion. He is followed by Microsoft co-founder Bill Gates with net worth of $113.1 billion and luxury group LVMH Moet Hennessy Louis Vuitton’s chief Bernard Arnault, with a net worth of $112 billion. Facebook CEO Mark Zuckerberg is at the fourth position in the Forbes list.

Shares of Ambani’s conglomerate have more than doubled since a low in March as its digital unit got more than $15 billion in investments from companies including Facebook Inc, Silver Lake, Intel, and most recently, Google. The US tech giant has committed a capital infusion of Rs 33,737 crore for a 7.7 per cent stake on Jio Platforms.

The total investment from financial and strategic investors into Jio Platforms stands at Rs 1,52,056 crore. RIL has raised a total of Rs 2,12,809 crore through a rights issue, the combined investments in Jio Platforms and investment by BP.

During the Reliance AGM last week, Ambani had said RIL has made its net-debt free ahead of a March 2021 target due to recent investments. Ambani said Jio has designed and developed a complete 5G solution that’s ready for launch as soon as spectrum is made available next year.

Jio and Google have also entered into a commercial agreement to jointly develop an entry-level affordable smartphone with optimisations to the Android operating system and the Play Store, Ambani said.

RILs market value jumped to Rs 12.7 lakh crore or $170 billion on Monday, making it the 51st most valued company in the world. Between April 1 and July 13, RIL has gained $81 billion in market capitalisation and has climbed 47 places from being the 98th most valued company on April 1 to 51st most value company now.

The share price of RIL has risen by 120 per cent over the last four months for Rs 883 per share on March 23, 2020 to Rs 1,939 on Monday. Since April 22, when Facebook Inc announced an investment of Rs 43,574 crore in Jio Platforms for 9.99 per cent equity stake, Jio Platforms has announced investments by 12 other investors. The total investment by these 13 investors over the last 12-weeks amounted to Rs 118,318 crore.

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