Cong hiding behind 'burqa' of secularism: Modi

July 14, 2013

modi

Pune, Jul 14: Amid uproar over his remarks on 2002 riots, Gujarat Chief Minister Narendra Modi today charged Congress with wearing the "burqa (veil) of secularism" and "hiding in a bunker" each time it is confronted with a crisis.

Addressing a public meeting here, Modi also attacked Congress Vice-President Rahul Gandhi on the issue of his party's "failure" to eradicate poverty and alleged that it was raising the bogey of "threat to secularism" to throttle people's aspirations.

"Look minutely, whenever Congress is faced with a challenge- whether is corruption, price rise, directives from the Supreme Court, or a minister being jailed, or the rape of girls or an atmosphere of insecurity- they do not answer the people. The moment there is a crisis, they wear the 'burqa' (veil) of secularism and hide in a bunker," Modi said.

BJP has often charged the Congress with engaging in minority appeasement for votebank politics.

Modi said Congress follows this act by insisting that one should not talk about poverty or corruption or price rise at this juncture as "secularism is in danger". He charged that Congress has done this for decades.

The BJP leader said Congress will not be able to throttle the aspirations and hopes of the people in the name of secularism any longer.

"Congress will no longer be able to keep the poor hungry, or the young unemployed or distance itself when a girl is raped. Now this medicine will not work," Modi said.

Though Modi attacked Prime Minister Manmohan Singh for failing to check the fall of the rupee despite being an expert on economics, he was more scathing on Rahul Gandhi.

Without naming Gandhi, Modi said the "heir" spends nights in the homes of the poor and shows this to the media and foreigners as "remnants of the past" when 35 years back Congress had given the slogan of removing poverty.

Modi said there is no limit to the corruption in the UPA government. "They have not left anything- air (spectrum), land, water," he said.

He charged that the Congress has made it impossible for the poor to have two meals a day but feels "serving a legal paper"- alluding to the Food Security Ordinance- will fill their stomachs.

The BJP leader criticised the government for taking the Ordinance route on this issue.

"The Parliament session is due in a few days. Government should have taken Parliament into confidence, have a healthy debate, remove its shortcomings and then passed a good Food Security Act. Why bring an Ordinance? Because they (Congress) have no trust in their UPA allies," Modi said.

He maintained that Congress did not wish to take the support of its allies on the Food Bill as they would also get credit for it.

"This is an insult of Parliament, of UPA allies and of the whole democratic process," he alleged.

Alleging that the Congress-led "government in Delhi" has "taken for granted" the people of this country, Modi said the root cause of problems being faced by the people is the dynastic politics of the ruling party in the last 60 years.

"Congress party feels that doing anything to win polls- be it appeasing this group or the other by giving them doles and doing votebank politics- is enough then they live a life of luxury for the next five years," he said.

Attacking the Congress-led government on the state of the economy and the devaluation of the Rupee, Modi said at the time of independence both the Rupee and the dollar had the same value.

He wondered why the Rupee is getting devalued when the currency of countries like Pakistan, Bangladesh, Nepal, Sri Lanka and Maldives has not fallen.

The Rupee is losing its power as the people in Delhi are busy in making and looting money that they are not concerned," Modi 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.”

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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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Agencies
February 29,2020

Thiruvananthapuram, Feb 29: With Saudi Arabia indefinitely suspending visas for visit to Islam's holiest site for the Umrah pilgrimage in the wake of coronavirus outbreak, more than 10,000 people in the state who are awaiting their turn this year for the annual Hajj pilgrimage are a worried lot.

"This year more than 10,000 people in Kerala have been cleared by the Hajj committee," said C Muhammed Faizy, chairman, Kerala State Hajj Committee.

"There is no cause of worry. We hope that during the time of the pilgrimage, the travel restriction by Saudi Arabia will be lifted," he said.

Umrah is a pilgrimage to the holy site that can be undertaken at any time of the year, while the annual Hajj pilgrimage has specific months according to the lunar calendar.

"The move by the Saudi Arabian Government to impose travel restriction was due to the outbreak of coronavirus. It is a preventive step to contain it. In such large gatherings, if one person is affected, it will spread to others. So we fully understand the concerns of the Saudi Government," Muhammed Faizy added.

He said that the Hajj Committee only processes the requests of annual Hajj visit pilgrims and not Umrah.

"This year we expect the Hajj pilgrimage season to be from June to August after Ramzan. But it may vary according to the Ramzan date. We are yet to get any official correspondence from the Saudi Government regarding travel restrictions," he added.

The Saudi Arabian Government suspended visas for tourists from countries affected by the coronavirus, with many having to cancel their Umrah pilgrimage at the last minute.

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News Network
January 18,2020

Mumbai, Jan 18: Maharashtra Tourism Minister Aaditya Thackeray on Friday said shops, restaurants, malls and pubs will remain open 24 hours on an experimental basis in a few areas of Mumbai from January 26.

The areas where these establishments will remain open all night are Fort and Kala Ghoda in south Mumbai and Bandra Kurla Complex in the west.

Thackeray had batted for all-night-open eateries and other establishments in the city during the earlier BJP-Shiv Sena regime too.

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