If I can see Indian-American US Prez, that's my legacy: Bera

September 1, 2013

BeraNew Delhi, Sep 1: Indian-American US Congressman Ami Bera has said that seeing a member of the community as the President of the United States in his life time will be the true legacy he can leave behind.

The 48-year-old California-born Democratic lawmaker, the only Indian-American currently serving in Congress who made his first visit to India after being elected to the office, feels more ethnic Indian people will rise and assume higher offices in the US in the coming years.

"If my legacy is inspiring, and if I can see in my lifetime, more Indian-American Congressmen in the House and if I can see an Indian-American Senator in my lifetime. And, if I can see an Indian-American President in my lifetime, that will be my true legacy," Bera told PTI here in an interview, during his recent India trip.

Bera's father hailed from Gujarat and migrated to the US in 1950. He is the third Indian-American — after Dalip Singh Saundh in 1950 and Bobby Jindal in 2005 — to have been elected to the House of Representatives, the lower house in the US legislature.

The lawmaker who counts Mahatama Gandhi, Martin Luther King and Nelson Mandela as inspirations said that more Indian-American joining politics and rising would only be a "natural progression".

"I see so many Indian-Americans in the hallway in the Congress and people rising and assuming higher offices would only be a natural progression for the community that has risen on the core values imbibed across generations," Bera said.

Indian Americans numbering 3.2 million is the third largest Asian American community in US after Chinese Americans (3.8 million) and Filipinos (3. 4 million).

"Qualities of family, qualities of a strong sense of community, qualities of sacrificing so that your children can have a better future...and those are not just Indian or Indian-American qualities but those are qualities that every parent or families stood out for, is what made us.

"I think it takes tremendous courage to leave a small village in Gujarat and go to a country where you don't have anything and where you don't know anyone... that is a story that is told over and over in our community... and, we should not forget those stories," Bera added.

The lawmaker called the "reverse migration" happening from US to India currently as one of the exciting phases for the Indian-Americans.

"I think the first generation who had left..their children who studied in America, are coming back..because many things like doing a start-up is easier here..so they are making their innovation here and it is important that it is documented," he said.

He emphasised that next generation of Indian-Americans will redefine the Indo-American relationships.

"Indo-American relationships will be one of the defining partnerships of the 21st century and the next generation of the Indian-Americans will further redefine it. And those Indian-Americans, who are born and raised in US, will play a greater role in that," he said.

The US lawmaker, who called the Indian-American community as the "marriage of best of both the worlds", said this was the time for them to give back to America.

"I am only here because of the opportunities other have made for me, and those are also American qualities...I think if we embrace who we are and embrace those qualities we can be successful," he said.

During his week-long trip, Bera visited Mumbai, New Delhi and Bangalore, where he met business leaders from both American and Indian companies to strengthen the trade relationship between the two countries.

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Agencies
March 9,2020

Mumbai, Mar 9: The mayhem in domestic stock markets deepened with the BSE Sensex falling over 2,400 points and the Nifty50 trading below 10,400 points.

The plunge in the domestic indices was in line with the global markets on persistent fears of economic impact of the coronavirus epidemic.

Stocks of Reliance Industries registered the biggest fall in over 10 years as it fell to Rs 1,094.95 per share. At 1.34 p.m., it was trading at Rs 1,100, lower by Rs 170.05 or 13.39 per cent from its previous close. The stock fell most since October 2008.

The benchmark index of BSE Sensex was trading at 35,232.67 points, lower by 2,343.95 points or 6.24% from the previous close of 37,576.62 points. 

It had opened at the intra-day high of 36,950.20 and has so far touched a low of 35,109.18.

The Nifty50 on the National Stock Exchange was trading at 10,314.25 points, lower by 675.20 points or 6.14% from the previous close. 

It was a sell-off across sectors, led by financial, metal, energy and IT stocks - which weighed on the markets.

Further, crude oil prices also slumped around 30% on Monday as Organization of Petroleum Exporting Countries (OEPC) failed to agree on an output cut deal, eventually causing Saudi Arabia to cut its prices as it is likely to increase its production. Saudi Arabia's stance has already raised concerns of an all-out price war.

Brent crude futures are currently trading around $34 per barrel.

On Saturday, Saudi Arabia announced massive discounts to its official selling prices for April, and the nation is reportedly preparing to increase its production above the 10 million barrel per day mark, according to reports.

As per analysts, the oil market witnessed the worst price fall on Monday since the 1991 Gulf War.

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News Network
April 15,2020

New Delhi, Apr 15: The Union Health Ministry has identified 170 districts as COVID-19 hotspots and 207 districts as potential hotspots, officials said on Wednesday, reiterating that there has been no community transmission of the disease in the country so far.

Addressing the daily briefing to provide updates on coronavirus situation in the country, Joint Secretary in the Ministry of Health Lav Agarwal said that states have been asked to classify districts which have reported a higher number of cases as hotspots, the districts where cases have been reported as non-hotspots, and green zones where no cases have been reported.

"Hotspots are those districts which are reporting more number of cases or where the rate of growth of COVID-19 cases is high," Agarwal said, adding a detailed direction has been issued to states stating consolidated efforts are required to utilise this period of lockdown to curb the spread of the virus.

"Cabinet secretary held a video conference today with all chief secretaries, DGPs, health secretaries, collectors, SPs, municipal commissioners and CMOs where hotspots were discussed and orientation on field level implementation of containment strategy was given.

"They were told about large outbreak containment strategies, cluster containment strategies. Delineation of buffer and containment zone, parameter mapping, defining of entry and exit points were also discussed in detail," he said.

The joint secretary said movement of people will not be allowed in containment zones except for those related with essential services and special teams will search for new cases and samples will be collected and tested as per sampling criteria.

The officials said that health facilities in buffer zone outside the containment zone will be oriented and people facing SARI and influenza-like symptoms will be tested there.

"Special teams have been formed which will work in containment zone and do contact tracing and house-to-house surveys. Cases of fever, cough and breathlessness will be identified in the survey and requisite action will be taken as per protocol," Agarwal said, adding that there has been no community transmissions so far but some local outbreaks.

The total number of COVID-19 cases in India has risen to 11,439 with 1,076 fresh cases reported in the last 24 hours while the death toll stands at 377, the ministry official said.

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News Network
June 19,2020

Jun 19: Billionaire Mukesh Ambani on Friday announced that his oil-to-telecom conglomerate Reliance Industries is now net debt-free after raising a record Rs 1.69 lakh crore from global investors and a rights issue in under two months.

Reliance raised Rs 1.15 lakh crore from global tech investors by selling a little less than a quarter of the firm's digital arm, Jio Platforms Ltd, and another Rs 53,124.20 crore through a rights issue in the past 58 days.

Taken together with last year's sale of 49 per cent stake in fuel retailing venture to BP Plc of UK for Rs 7,000 crore, the total fund raised is in excess of Rs 1.75 lakh crore, the company said in a statement.

Reliance had a net debt of Rs 1,61,035 crore as on March 31, 2020. "With these investments, RIL has become net debt-free," it said.

"I have fulfilled my promise to the shareholders by making Reliance net debt-free much before our original schedule of March 31, 2021," Ambani said.

Jio Platforms - which houses the country's youngest but largest telecom firm Reliance Jio, raised Rs 1,15,693.95 crore from leading global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton and PIF since April 22, 2020.

Saudi Arabian sovereign wealth fund PIF buying 2.32 per cent stake in the unit for Rs 11,367 crore on June 18 "marks the end of Jio Platforms' current phase of induction of financial partners," the statement said.

Alongside, Reliance launched India's biggest right issue, which was subscribed to 1.59 times.

Though the rights issue size was Rs 53,124 crore, the company has got only 25 per cent of the money as the remaining is to be paid only next fiscal.

Ambani had at the company's annual general meeting on August 12, 2019, announced a roadmap for Reliance to become a net debt-free company before March 31, 2021.

"We have a very clear roadmap to becoming a zero net-debt company within the next 18 months that is by March 31, 202," he had said last year highlighting strong interest from strategic and financial investors in consumer businesses, Jio and Reliance Retail.

In the statement on Friday, he said he was both delighted and humbled to announce the fulfillment of the promise.

"Exceeding the expectations of our shareholders and all other stakeholders, again and yet again, is in the very DNA of Reliance," he said.

"Therefore, on the proud occasion of becoming a net debt-free company, I wish to assure them that Reliance in its Golden Decade will set even more ambitious growth goals, and achieve them," he added.

He said over the past few weeks, phenomenal interest was received from the global financial investor community in partnering with Jio.

"As our fundraising milestone from financial investors is achieved, we sincerely thank the marquee group of financial partners and warmly welcome them into Jio Platforms," he said.

"I also express my heartfelt gratitude to all the retail and institutional investors, both domestic and foreign, for their overwhelming participation in our record-setting Rights Issue," he added.

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