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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News Network
January 27,2020

New Delhi, Jan 27: Remember the story of two friends coming face-to-face with a bear in a forest? One of the two friends climbs the tree to save his life and the other, not knowing how to, lays on the ground, breathless, pretending to be dead.

Well, that lesson turned out to be useful for this man who pretended to be dead when a tiger had both his paws on the man's chest.

Yes, that is right. IFS officer Parveen Kaswan recently shared a video of a man lying under a tiger, with their faces extremely close to each other with the caption, "You want to see how does a narrow escape looks like in case of an encounter with a #tiger. #Tiger was cornered by the crowd. But fortunately, the end was fine for both man and tiger. Sent by a senior."

Another Twitter user shared the full 30-second video in the comments. He also said that the incident occured in Tumsar in Bhandara district, Maharashtra. The spine-chilling clip shows a tiger running freely in the fields trying to avoid people who have surrounded him and are trying to shoo him away.

In his quest to run away, the scared tiger grabs a human. When he sees that people are still approaching him and trying to scare him away, he gets up and runs away for his life. All this while, the man who was captured by the animal lays still on the ground and does not make an attempt to get free.

This is what stuck with Twitter and they are praising the man for his presence of mind.

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Agencies
June 7,2020

New Delhi, Jun 7: A day after India and China military commanders held "cordial and positive" talks at Chushul-Moldo point along the Line of Actual Control in Eastern Ladakh, Ministry of External Affairs said the two countries have agreed to "peacefully" resolve the situation in the border areas by continuing the military and diplomatic engagements.

The Indian delegation led by 14 Corps Commander Lt Gen Harinder Singh on Saturday met his Chinese equivalent Maj Gen Liu Lin, who is the commander of South Xinjiang Military Region of the Chinese People's Liberation Army, to address the ongoing tussle in Eastern Ladakh.

In a statement on Sunday, the MEA said that the meeting between the Corps Commander based in Leh and the Chinese Commander took place in a "cordial and positive atmosphere".

"Both sides agreed to peacefully resolve the situation in the border areas in accordance with various bilateral agreements and keeping in view the agreement between the leaders that peace and tranquillity in the India-China border regions is essential for the overall development of bilateral relations," the statement read.

They also noted that this year marked the 70th anniversary of the establishment of diplomatic relations between the two countries and agreed that an early resolution would contribute to the further development of the relationship.

"Accordingly, the two sides will continue the military and diplomatic engagements to resolve the situation and to ensure peace and tranquillity in the border areas," it further read.

China has moved its troops along the Line of Actual Control (LAC) in the Eastern Ladakh areas including the Finger area, Pangong Tso Lake, and Galwan Nala area.

The meeting between military commanders was to discuss and resolve the stand-off in Eastern Ladakh.

Following the meeting, the Army Headquarters' Directorate General of Military Operations also briefed the Ministry of External Affairs and other concerned government officials about the discussions.

On Friday, officials of India and China interacted through video-conferencing with the two sides agreeing that they should handle "their differences through peaceful discussion" while respecting each other's sensitivities and concerns and not allowing them to become disputes in accordance with the guidance provided by the leadership.

In the last few days, there has not been any major movement of the PLA troops at the multiple sites where it has stationed itself along the LAC opposite Indian forces.

The Chinese Army's intent to carry out deeper incursions was checked by the Indian security forces by quick deployment.

The Chinese have also brought in heavy vehicles with artillery guns and infantry combat vehicles in their rear positions close to the Indian territory.

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News Network
May 4,2020

Munbai/New Delhi, May 4: India expects bad debts at its banks could double after the coronavirus crisis brought the economy to a sudden halt, a senior government official and four top bankers said.

Indian banks are already grappling with 9.35 trillion rupees ($123 billion) of soured loans, which was equivalent to about 9.1% of their total assets at the end of September 2019.

"There is a considered view in the government that bank non-performing assets (NPAs) could double to 18-20% by the end of the fiscal year, as 20-25% of outstanding loans face a risk of default," the official with direct knowledge of the matter said.

A fresh surge in bad debt could hit credit growth and delay India's recovery from the coronavirus pandemic.

"These are unprecedented times and the way it's going we can expect banks to report double the amount of NPAs from what we've seen in earlier quarters," the finance head of a top public sector bank told Reuters.

The official and bankers declined to be named as they were not officially authorized to discuss the matter with media.

India's finance ministry declined to comment, while the Reserve Bank of India and Indian Banks' Association, the main industry body, did not immediately respond to emails seeking comment.

The Indian economy has ground to a standstill amid a 40-day nationwide lockdown to rein in the spread of coronavirus cases.

The lockdown has now been extended by a further two weeks, but the government has begun to ease some restrictions in districts that are relatively unscathed by the virus.

India has so far recorded nearly 40,000 cases of the coronavirus and more than 1,300 deaths from COVID-19, the respiratory disease caused by the coronavirus.

'RIDING THE TIGER'

Bankers fear it is unlikely that the economy will fully open up before June or July, and loans, especially those to small- and medium-sized businesses which constitute nearly 20% of overall credit, may be among the worst affected.

This is because all 10 of India's largest cities fall in high-risk red zones, where restrictions will remain stringent.

A report by Axis Bank said that these red zones, which contribute significantly to India's economy, account for roughly 83% of the overall loans made by its banks as of December.

One of the sources, an executive director of a public sector bank, said that economic growth had been sluggish and risks had been heightened, even ahead of the coronavirus crisis.

"Now we have this Black Swan event which means without any meaningful government stimulus, the economy will be in tatters for several more quarters," he said.

McKinsey & Co last month forecast India's economy could contract by around 20% in the three months through June, if the lockdown was extended to mid-May, and growth in the fiscal year was likely to fall 2% to 3%.

Bankers say the only way to stem the steep rise in bad loans is if the RBI significantly relaxes bad asset recognition rules.

Banks have asked the central bank to allow all loans to be categorized as NPAs only after 180 days, which is double the current 90-day window.

"The lockdown is like riding the tiger, once we get off it we'll be in a difficult position," a senior private sector banker said.

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