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.

Comments

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News Network
January 9,2020

New Delhi, Jan 9: Amazon founder and CEO Jeff Bezos will be visiting India next week and is likely to meet Prime Minister Narendra Modi and officials, besides industry leaders, according to sources.

The top executive will also attend SMBhav – an event focussing on small and medium businesses in India - that is slated for January 15-16 in the capital city.

When contacted, Amazon declined to comment.

Amazon, which has seen significant growth in its business in India, has also witnessed protest from a section of traders in the country who claim that e-commerce giants including Amazon and Walmart-owned Flipkart offer deep discounts and engage in unfair business practices.

Last year, the government had tightened rules for e-commerce marketplaces with foreign investment. These rules barred such platforms from offering products of sellers in which they hold a stake and banned exclusive marketing arrangements among other clauses. Following this, Amazon restructured its joint ventures to ensure compliance.

Bezos is likely to discuss regulatory issues in his meeting with the government officials.

He is also slated to engage with SMBs during the SMBhav event. The event - which will focus on discussions around how technology adoption can enable SMBs in India - is slated to see participation from industry experts, policymakers, solution providers and Amazon leadership.

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Agencies
March 15,2020

Financially troubled Yes Bank on Saturday reported a standalone net loss of ₹ 18,560.31 crore for the third quarter of the financial year 2019-20. This is amongst the biggest losses reported by the India Inc.

At present, the private lender is under a moratorium and is controlled by the office of the administrator appointed by the RBI.

The bank had reported a net profit of ₹1,001.85 crore during the corresponding period of the previous financial year.

Besides, the bank's total income fell to Rs 6,268.50 crore from Rs 8,849.81 crore earned during the October-December quarter of the previous fiscal.

On consolidated basis, Yes Bank reported a net loss of ₹18,564.24 crore for the December quarter from a net profit of Rs 1,000.57 crore in the corresponding period of the previous fiscal.

The independent auditor's review report on the consolidated results pointed out that there is a "material uncertainty related to going concern" of the bank.

"The said assumption of going concern is dependent upon the degree of success of the final reconstruction scheme, the quantum of capital infused into the bank and the bank's ability to stabalise its deposit balances post withdrawal of the moratorium by the RBI. Our conclusion is not modified in respect of this matter," the auditor said.

Furthermore, the bank recognised additional loans of ₹ 5,150.2 crore as NPAs and related provisioning requirements of ₹772.5 crore for the quarter ended December 31, 2019.

The bank has recognised an additional provisions of ₹15,422.0 crore in the quarter ended December 31, 2019.

Last week, the RBI placed Yes Bank under moratorium and capped the withdrawal limit at ₹50,000 till next Wednesday.

Additionally, the central bank also superseded Yes Bank's board of directors and appointed former SBI CFO Prashant Kumar as its administrator.

Meanwhile, Kumar has been appointed as the new Chief Executive Officer of the financially troubled lender. He will take over his new responsibilities once the moratorium on the stressed lender is lifted on Wednesday.

Apart from Kumar, Sunil Mehta, former non-executive Chairman of Punjab National Bank, will take over as the non-executive Chairman of Yes Bank.

Other board members include Mahesh Krishnamurthy and Atul Bheda, both as non-executive Directors.

Additionally, six private lenders have joined the SBI to rescue Yes Bank with Federal Bank committing ₹300 crore by subscribing to 30 crore shares of ₹2 each at a premium of ₹8 per equity share.

The six private lenders have now committed an investment of ₹3,700 crore in the cash-strapped private sector bank.

On Friday, ICICI Bank and Housing Development Finance Corporation (HDFC) Ltd had announced that they will be investing ₹1,000 crore each in Yes Bank's equity. Axis Bank and Kotak Mahindra Bank will be investing ₹ 600 crore and ₹500 crore, respectively, while Bandhan Bank will invest ₹300 crore.

The SBI board has already approved up to 49 per cent stake purchase in Yes Bank, as per the RBI's reconstruction scheme for the lender. It had said on Thursday that an investment of ₹7,250 crore would be made in Yes Bank to pick up₹ 725 crore equity shares.

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News Network
April 2,2020

New Delhi,  Apr 2: Muslim cleric Imam Umer Ilyasi appealed to all the individuals who attended Tablighi Jamaat congregation at Nizamuddin Markaz in Delhi recently, not to hide from the government and not to be scared of it.

"I appeal to all the Muslim brothers and mosque managing committees involved in the Jamaat congregation to please come out and inform the government. You do not need to feel scared of the government," Ilyasi told news agency.

He added: "You do not need to feel scared of the government. If you are quarantined, it doesn't mean you will be punished. This is for your and other people's safety."
On the subject of people likely to be quarantined, he said that if one does get quarantined, he or she must not think those quarantine facilities are jails. "If you are quarantined, it doesn't mean you will be punished. This is for your and other people's safety. Quarantine is the cure, you do not need to worry about it," he added.

Ilyasi further appealed to the people that one must not associate religion with the coronavirus outbreak. "Islam talks about saving one person's life and securing a person's life. Do not connect the outbreak with religion as this outbreak does not affect any religion or caste in particular," he said.

With regards to the lockdown being imposed by the centre, he said: "I appeal to all that we must obey the lockdown judiciously as there is no medicine or cure for this disease."
The Union Ministry of Health and Family Welfare's latest bulletin said that there are 1,834 coronavirus positive cases in India, including 1,649 active cases, 144 cured/discharged/migrated people and 41 deaths.

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