Modi govt working for 'New India'; has given hope to people: President Kovind

Agencies
January 31, 2019

New Delhi, Jan 31: Presenting a virtual report card of the Modi government's tenure, President Ram Nath Kovind Thursday highlighted its various development works and commitment to social justice, as he asserted it has worked to build a " New India" after assuming power in 2014 when the nation was passing through "uncertain times".

In his address to the joint sitting of Parliament at the beginning of the Budget Session, Kovind also referred to the contentious Rafale deal, saying that the Indian Air Force will welcome the ultra-modern fighter aircraft in the coming months to strengthen its strike capability after a gap of many decades.

The President's address, which reflects the government's view, assumes significance as it comes ahead of the Lok Sabha polls, expected to be held in April-May.

The 10 per cent reservation for the general category poor, the triple talaq legislation and the controversial Citizenship Amendment Bill also figured in his over an hour-long speech at Parliament's central hall in the presence of Vice President M Venkaiah Naidu, Prime Minister Narendra Modi, Congress president Rahul Gandhi, Union ministers and other MPs.

"Prior to the 2014 General Election, the country was passing through a phase of uncertainty. After the elections, my government assumed charge and vowed to build a New India. A New India with no place for imperfect, corrupt and inertia ridden systems," he said.

In the last four and a half years, the government has infused new hope and confidence among the people of the country, enhanced the country's image and has effectively brought in social and economic change, he said.

From day one, the government's mission, based on transparency, was to improve the lives of citizens, to eradicate their difficulties owing to poor governance, and to make sure that the benefit of public services reach the lowest strata of the society, he said.

Highlighting the government's achievements and various welfare schemes, Kovind said 21 crore poor people were covered under the PM's life insurance scheme, while over 2 crore households got power connection as part of the Saubhagya scheme.

"Under the Swachh Bharat initiative, the government has built nine crore toilets," he said.

The president also described 2019 as a significant year for democracy as the country is observing the 150th birth anniversary of Mahatma Gandhi.

Be it cities or villages, the government has worked towards strengthening the health care infrastructure by building new AIIMS and wellness centres across the country, he said.

"The country was going through times of uncertainty before the 2014 Lok Sabha elections, and after the polls my government resolved to make a New India," the president said.

Highlighting the governments achievements and various welfare schemes, Kovind said 21 crore poor people were covered under the PM's life insurance scheme, while over 2 crore households got power connection as part of the PM's Saubhagya scheme.

"Under Swachh Bharat initiative, the government has built nine crore toilets," he said.

Touching on the triple talaq bill, which has been stuck in Rajya Sabha due to stiff opposition after being passed in Lok Sabha, he said the BJP-led NDA government is striving hard to get the triple talaq bill passed by Parliament to "liberate Muslim daughters" from a life of fear and anxiety and to provide them with equal right.

On the Rafale issue, the President said the government believes that neglecting the country's defence needs even for a moment is detrimental to the present as well as future of the country.

"After a gap of many decades, the Indian Air Force is preparing to welcome, in the coming months, its new generation ultra-modern fighter aircraft Rafale and strengthen its strike capability," he said.

India displayed its new policy by carrying out surgical strikes on terror launch pads across the border, he said.

Citing other achievements of the government, Kovind said the number of people filing Income Tax returns have doubled from 3.8 crore to 6.8 crore under its tenure and added that over 73 per cent of around 15 crore Mudra loan beneficiaries are women, he said.

Approvals for works costing over Rs 66,000 crore out of Rs 80,000 crore package have been given by the government for development in Jammu and Kashmir, he said, asserting that the government to committed to the state's growth.

Comments

Wellwisher
 - 
Thursday, 31 Jan 2019

Yes it is revealed yseterday in Luknow - they short on Father Of  Nations Gandhijis statute. Then what else India want.  Patriot Indians  all understood if they lead the central govt India never develop.  US Spymater already

announced their report before election what is our Moadi govt intention and agenda.

Abdullah
 - 
Thursday, 31 Jan 2019

wah re wah... Bade k RSS Tattooo....

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News Network
March 9,2020

New Delhi, Mar 9: The Delhi Police Special Cell on Monday arrested a PFI member Danish from UP''s Moradabad for allegedly spreading fake propaganda during anti- CAA protests.

"Danish was the head of the Counter Intelligence Wing of PFI and has been actively participating in the anti-CAA protest across the city," sources in the Delhi Police Special Cell said.

Sources further claimed that his arrest has given clues regarding the Information war by the Popular Front of India (PFI).

The FIR related to the protest was filed by the Crime Branch but since the larger conspiracy regarding the Delhi riots is being probed by the Cell, the matter has been transferred to them.

Delhi Police Special Cell had on Sunday arrested a Kashmiri couple from Okhla for alleged links with Islamic State (IS) Khorasan module.

The couple have been identified as Jahanjeb Sami (husband) and Hinda Bashir Beg (wife). The police have seized some objectionable material from them and were interrogating them.

When asked about the couple, the sources said, "Officers of CERT-In are analysing the Eight Mobile phones and Laptop of the couple to question them further."

The couple being an active member of ISJ&K was operating from the Valley but later shifted their base to Delhi post internet clampdown.

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News Network
June 18,2020

New Delhi, Jun 18: Sonia Gandhi on Wednesday removed Sanjay Jha as a party spokesperson, days after he wrote a newspaper article criticising the party. She also approved the appointment of Abhishek Dutt and Sadhna Bharti as national media panelists for the Congress.

"Congress president has also approved that Sanjay Jha be dropped as AICC spokesperson with immediate effect," the party said in an official statement.

In the article published a few days ago, Mr Jha had said, "The Congress has demonstrated extraordinary lassitude, and its lackadaisical attitude towards its own political obsolescence is baffling..."

"I would like to call a spade a spade here and a shovel: there has been no serious effort to get the party up and running with any sense of urgency," he had said in the article in a national newspaper.

"There are many in the party who cannot comprehend this perceptible listlessness. For someone like me, for instance, permanently wedded to Gandhian philosophy and Nehruvian outlook that defines the Congress, it is dismaying to see its painful disintegration," he had said.

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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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