Madison Square goes mad over Modi

September 29, 2014

New York, Sept 29: Prime Minister Narendra Modi on Sunday told a rapturous crowd of NRIs that Persons of Indian Origin (PIO) cardholders will get lifetime Indian visa and that American tourists will be given visa on arrival.

Madison ModiModi, who arrived at the packed Madison Square Garden to a rousing welcome, announced the merger of PIO and Overseas Citizens of India schemes to facilitate hassle-free travel to the Indian diaspora.

He announced that PIO cardholders staying in India on long-term basis will no longer have to report to the local police station.

At the unique event in the heart of Manhattan attended by some 20,000 cheering NRIs, Modi said that his big win in the Lok Sabha elections had come with a big responsibility for him which he would fulfil. Modi affirmed that India will move ahead at a rapid pace and lead the 21st century world.

Listing out India's advantages, the prime minister said that its three strengths were democracy, demographic dividend in which 65 per cent of its population was under 35 years, and the demand for India because it was a huge market. “My effort is to make development a mass movement. I am confident that we will succeed. This country is going to make rapid progress.

“There are many expectations from the new government. This government will be 100 per cent successful in fulfilling the aspirations of people,” he said amid loud cheers.

“My dream is to see every Indian family has a home by 2022,” he said.

Clearly with an eye on the younger generation, Modi said, “We will not do anything which will let you down.”

Attired in a saffron Nehru jacket and yellow kurta, the prime minister held the packed indoor stadium spellbound, asserting that “our attempt is to make development a people's movement.”

In his 75-minute-long speech in Hindi which he began with “Bharat Mata Ki Jai” while extending greetings for Navratri festival, Modi promised good governance, saying that after a gap of 30 years India has got a government at the Centre with a clear majority.

He also had a jibe at poll predictions in the run-up to the Lok Sabha elections. “No political pundit or opinion-maker could fathom such a verdict,” he said.

“Winning elections is not about any post or chair. It's a responsibility. Since taking over (as prime minister), I have not even taken a 15-minute vacation,” he said.

“You may not have voted in 2014 but I am sure that when the results were coming, you didn't sleep and you all celebrated,” he told the NRIs.

Promising a fast pace of development, Modi said, “There is no reason to be disappointed. India will progress very fast and the skills of our youth will take India ahead.”

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Lilalilo
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Monday, 5 Sep 2016

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Agencies
January 20,2020

Wuhan, Jan 20: A 45-year-old Indian woman has become the first foreigner in China to have contracted a mysterious virus, which is suspected to be Severe Acute Respiratory Syndrome (SARS)-like corona virus.

In 2002-2003, the SARS corona virus killed around 650 people in China and Hong Kong. This time, a new strain of virus with 62 cases have been reported in Wuhan and two in Shenzhen so far. 19 patients have been already cured and discharged, as per the Chinese media.

Official sources in Beijing said that the patient, Preeti Maheshwari, a school teacher at an international school, is undergoing treatment for the new strain of pneumonia outbreak, which has been spreading in two major cities of China - Wuhan and Shenzen. She has been on a ventilator in the intensive care unit.

Maheshwari was admitted to a local hospital after she seriously fell ill last Friday. Her husband, a businessman from Delhi, is allowed to visit her daily.

Following a second death due to the outbreak of the virus in Wuhan, India on Friday issued an advisory to its nationals travelling to China. Over 500 Indian medical students are studying in Wuhan.

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News Network
June 13,2020

Paris, Jun 13: The coronavirus pandemic has killed 425,000 people since it emerged in China late last year, according to an AFP tally of official sources at 0130 GMT on Saturday.

A total of 425,282 deaths have now been recorded from 7,632,517 cases.

Europe has registered 186,843 deaths from 2,363,538 cases, but the epidemic is progressing most rapidly in Latin America, where there have been a total of 76,343 deaths recorded from 1,569,938 cases.

The United States remains the country with the most recorded deaths at 114,643, ahead of Brazil which on Friday became the second worst-hit nation with 41,828 deaths. Britain is next with 41,481 deaths, followed by Italy (34,223) and France (29,374).

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News Network
June 2,2020

Jun 2: A new female billionaire has emerged from one of Asia's most-expensive breakups.

Du Weimin, the chairman of Shenzhen Kangtai Biological Products Co., transferred 161.3 million shares of the vaccine maker to his ex-wife, Yuan Liping, according to a May 29 filing, immediately catapulting her into the ranks of the world's richest.

The stock was worth $3.2 billion as of Monday's close.

Yuan, 49 this year, owns the shares directly, but signed an agreement delegating the voting rights to her ex-husband, the filing shows. The Canadian citizen, who resides in Shenzhen, served as a director of Kangtai between May 2011 and August 2018. She's now the vice general manager of subsidiary Beijing Minhai Biotechnology Co. Yuan holds a bachelor's degree in economics from Beijing's University of International Business and Economics.

Kangtai shares have more than doubled in the past year and have continued their ascent since February, when the company announced a plan to develop a vaccine to fight the coronavirus. They slipped for a second day Tuesday following news of the divorce terms, losing 3.1% as of 9:43 a.m. in Hong Kong and bringing the company's market value to $12.9 billion.

Du's net worth has now dropped to about $3.1 billion from $6.5 billion before the split, excluding his pledged shares.

The 56-year-old was born into a farming family in China's Jiangxi province. After studying chemistry in college, he began working in a clinic in 1987 and became a sales manager for a biotech company in 1995, according to the prospectus of Kangtai's 2017 initial public offering. In 2009, Kangtai acquired Minhai, the company Du founded in 2004, and he became the chairman of the combined entity.

China's rapidly growing economy has been an engine for the country's richest, and Du is not the only tycoon who's had to pay a steep price for a divorce. In 2012, Wu Yajun, at one point the nation's richest woman, transferred a stake worth about $2.3 billion to her ex-husband, Cai Kui, who co-founded developer Longfor Group Holdings Ltd. In 2016, tech billionaire Zhou Yahui gave $1.1 billion of shares in his online gaming company, Beijing Kunlun Tech Co., to ex-wife Li Qiong after a civil court settlement.

Sometimes, a goodbye can be time-consuming too. South Korean tycoon Chey Tae-won's wife filed a lawsuit in December asking for a 42.3% stake in SK Holdings Co. valued at $1.2 billion. That would make her the second-largest shareholder of the company should she win the case, which is still ongoing.

The most expensive divorce in history is that of Jeff and MacKenzie Bezos. The Amazon.com Inc. founder gave 4% of the online retailer to Mackenzie, who now has a $48 billion fortune and is the world's fourth-richest woman.

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