Narendra Modi a marketing man, can even lay claim to Taj Mahal: Akhilesh Yadav

November 23, 2013

AkhileshLucknow, Nov 23: Chief minister Akhilesh Yadav took a dig at Narendra Modi on Friday saying the BJP's PM aspirant's campaign was heavily based on strong marketing tactics. Without taking Modi's name even once, Akhilesh said, "Ye sales aur marketing ke log hain. Inhe agar America ka visa milta to Taj Mahal ko bhi claim kar lete." (These people have built their image with the help of strong sales and marketing. If they were granted the US Visa, they would even stake claim to having built the Taj Mahal.)

The CM was speaking at an event to flag off radio taxi services in 13 municipal cities of Uttar Pradesh.

Akhilesh also ridiculed Modi's dig at Gujarat lions taking over UP's Chambal valley. Implying UP knows how to tame the Gujarati lions, Akhilesh said the state government is making preparations to cage them within a "grand" 300 acre cage. Cheekily, he added that if Gujarat gave UP its lions, the most populous state of the country had also sent its share of "animals" to it.

Akhilesh, who has so far steered clear of political mud-slinging was more vocal than usual. A day after the Samajwadi Party rally in Bareilly drew large numbers, the CM's comments put a question mark on reports of a tacit understanding between the SP and the BJP. He said that the real battle of votes in UP was now actually a grassroots level fight over development. "This a battle of development in which SP is bound to win. People who are nothing more than media constructs will also be demolished by the media," he added.

UP CM, who laid emphasis on the government's commitment to its poll promises, said he was happy with the speed at which the government machinery was executing its plans. On Friday, Akhilesh laid the foundation stone of a 500-bed super-specialty cancer hospital and research and referral centre, flagged off radio cab service, launched online tax collection service for commercial vehicles in Ghaziabad and Lucknow and also laid the foundation stone for Awadh Shilp-gram along the lines of Dilli Haat, to encourage indigenous handicrafts.

Akhilesh also said that the ongoing political race in UP was worth nothing. "People from other states may come and stake their claim, but if you look at history you will know UP produces the prime ministers," he said, hinting at SP chief Mulayam Singh Yadav's prime ministerial aspirations.

Akhilesh also sharpened his attack against BSP chief Mayawati, claiming she had given out too many "sweeteners" to investors in UP and set a bad precedent. Saying his government and its officers were doing everything to attract industry, he said the BSP government has left the state's economy in a mess. "The condition of our economy is such that in many cases we will not get loans even if we want them," Akhilesh said. He also alleged that "pancham tal" (CM's secretariat) during Mayawati's term was forever researching new ways to increase corruption. The SP government, he added, was having to battle this while bringing fresh development to the state. "Now there are other people who are coming to UP to loot its coffers," he added, making yet another reference to Modi.

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Agencies
February 11,2020

New Delhi, Feb 11: Cheaper lending rates in the country along with the government's booster via tax cuts seem to have had little effect on vehicle sales in January, with car sales decreasing by over 14,531 units, or slightly over 8 per cent, compared to January last year.

According to Rajan Wadhera, President of industry body Society of Indian Automobile Manufacturers (SIAM), which gives out the auto sales numbers, the overall slump in vehicle sales in India was due to the "rising cost of vehicle ownership and slower growth in GDP".

Barring three-wheelers, all other segments showed de-growth.

Vehicle sales across segments have been declining for over a year now. SIAM sales data last month compared with that of January 2019 showed that domestic passenger vehicle sales slipped 6.2 per cent to 262,714 units. The decline in car sales stood at 8.1 per cent, and two-wheelers 16.06 per cent.

Sales of commercial vehicles, an indicator of industrial health in the economy, slipped by 14.04 per cent to 75,289 units last month, while the vehicle sales across categories registered a de-growth of 13.83 per cent to 17,39,975 units from 20,19,253 units in January 2019, SIAM said.

However, Wadhera said, they were hopeful that recent government announcements on infrastructure and rural economy would support growth of vehicle sales, especially in the commercial and two-wheeler segments.

"We are looking forward to the early announcement of an incentive-based scrappage policy in the context of the recent assurances by the government," Wadhera said.

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News Network
April 13,2020

New Delhi, Apr 13: India's tally of positive COVID-19 cases rose to 9,152 following an increase of 796 cases in the last 24 hours, the Union Ministry of Health and Family Welfare said on Monday.

Out of the total number of cases, 7,987 patients are active cases while 857 cases have been cured/discharged and migrated.

With 35 deaths in the last 24 hours, the death toll mounted to 308.

According to the ministry, Maharashtra remained at the top with the total cases at 1,985, including 217 patients who have recovered/discharged and 149 patients died.

Delhi's tally of positive COVID-19 cases rose to 1,154 cases, including 27 recovered and 24 patients succumbing to the virus.

Tamil Nadu too reported 1,075 cases, including 50 recovered and 11 patients dead.

Meanwhile, four states have crossed the 500 mark with regards to the total number of cases as Rajasthan recorded 804 cases, Madhya Pradesh with 532 cases, Gujarat with 516 cases and Telangana with 504 cases, as per the ministry.

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News Network
January 7,2020

Jan 7: India’s monetary authority allowed banks to offer foreign-currency transactions outside of local market hours, a move aimed at boosting trading volumes at home.

Interbank deals, as well as those with customers in and outside India, can be undertaken by banks or their overseas branches and units at all times, the Reserve Bank of India said in a statement late Monday. It stopped short of saying whether the timing of the onshore over-the-counter market has been extended from the current 9 a.m. to 5 p.m.

The move is in line with recent recommendations to reverse the trend of the partially convertible rupee being traded more abroad than in India. London has overtaken Mumbai to become the top center for trading the rupee, adding to a sense of urgency among local authorities to deepen the onshore market.

Average daily volumes for rupee in the U.K. soared to $46.8 billion in April, a more than fivefold jump from $8.8 billion in 2016, according to a survey from the Bank for International Settlements published in September. That exceeded the $34.5 billion recorded in India.

Analysts say more trading abroad could amplify volatility in the domestic market and reduce the effectiveness of policy actions.

India’s decision comes as the London Stock Exchange Group Plc has started asking market participants if they want the bourse to function fewer hours, signaling it’s open to an argument driven by changing trading patterns and calls for a better work-life balance.

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