Nirmala Sitharaman lands defence portfolio, Piyush Goyal gets Railway

Agencies
September 3, 2017

New Delhi, Sep 3: Nirmala Sitharaman emerged as the biggest gainer of the cabinet reshuffle today as Prime Minister Modi gave her the heavyweight Defence portfolio, while Piyush Goyal replaced Suresh Prabhu in the Railway Ministry in a major rejig, which saw nine new faces being inducted.

Sitharaman became the first woman Defence Minister of the country since Indira Gandhi held the charge.

Sitharaman, who was holding the Commerce portfolio as a Minister of State, was elevated along with Goyal, Dharmendra Pradhan and Mukhtar Abbas Naqvi to the cabinet rank.

As the Defence Minister, Sitharaman will be a member of the crucial Cabinet Committee on Security whose members include the Prime Minister, Home Minister, External Affairs Minister and the Finance Minister.

Prabhu was shifted to the commerce and industry ministry, while Pradhan and Naqvi retained their portfolios of Oil and Gas and Minority Affairs respectively. Goyal will continue to head the Coal Ministry along with Railways.

Modi stripped cabinet minister Uma Bharti of the charges of water resources, river development and Ganga rejuvenation and handed them over to Nitin Gadkari. Bharti will take care of Ministry of Drinking Water and Sanitation.

Pradhan was given the additional charge of Skill Development Ministry. The Prime Minister also reposed faith in the administrative capabilities of three former government officials by giving them independent charge of crucial portfolios.

Former diplomat Hardeep Puri and former IAS officer Alphons Kannanthanam have been made MoS (Independent charge) of Housing and Urban Development and Tourism respectively.

R K Singh, former Home Secretary, was given charge of Power and New and Renewable Energy portfolios. Rajyavardhan Singh Rathore replaced Vijay Goel in the Sports MInistry.

Goel, who earlier held independent charge, has been shunted as the Minister of State for Parliamentary Afairs and Statistics and Programme Implementation.

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News Network
April 1,2020

New Delhi, Apr 1: The number of COVID-19 cases climbed to 1,637 in the country on Wednesday while the death toll rose to 38, according to the Union Health Ministry.

The number of active COVID-19 cases stands at 1,466, while 132 people were either cured or discharged and one had migrated to another country, the ministry stated.

As per the health ministry's updated data at 9 AM, three fresh deaths were reported since the last update on Tuesday. However, it could not be known from which parts of the country these three fatalities were reported.

Till Tuesday night, Maharashtra had reported the most deaths (9) in the country so far, followed by Gujarat (6), Karnataka (3) Madhya Pradesh (3), Punjab (3), Delhi (2), West Bengal (2) and Jammu and Kashmir (2). 

Kerala, Telangana, Tamil Nadu, Bihar and Himachal Pradesh have reported a death each.

The state-wise breakup of the cases was also not available immediately.

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News Network
March 5,2020

Bharuch, Mar 5: Vijay Kumar, a resident of the Tamil Nadu has sought help from his friend Abdulkhuda Mohd Hanif Shaikh who is residing in Gujarat to build a temple in his village.

Abdulkhuda Mohd Hanif Shaikh, who also belongs to Tamil Nadu's Paraipatti village and has been residing in Gujarat' Bharuch for a decade has collected Rs 3 lakh from his friends as a donation to build the temple in Paraipatti village in Dindigul district.

"They'd told me 4 months ago and came to me 10 days back. From Vapi to Mehsana, there are several Madrasis, even here in the village too. I personally went to them and collected around Rs 3 Lakh," Shaikh said.

Vijay Kumar said that he stayed in Gujarat for ten days and collected Rs 3 Lakh with him.

"I had sought help from him. I stayed here in Gujarat for 10 days, and went with him from people to people and collected Rs 3 Lakh. No one lives like Hindus or Muslims in our village, everyone lives like friends," he said.

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News Network
February 28,2020

Feb 28: The best economic tonic for the coronavirus shock is to contain its spread and worry about stimulus later, said Raghuram Rajan, former head of the Reserve Bank of India.

There’s little central banks can do, and while more government spending would help, the priority should be on convincing companies and households that the virus is under control, he said.

“People want to have a sense that there is a limit to the spread of this virus perhaps because of containment measures or because there is hope that some kind of viral solution can be found,” Rajan told Bloomberg Television’s Haidi Stroud Watts and Shery Ahn.

“At this point I would say the best thing that governments can do is to really fight the epidemic rather than worry about stimulus measures that comes later,” said Rajan, who is currently a professor at the Chicago Booth School of Business.

The spread of coronavirus is pushing the world economy toward its worst performance since the financial crisis more than a decade ago.

Bank of America Corp. economists warned clients Thursday that they now expect 2.8% global growth this year, the weakest since 2009.

“We have moved from extreme confidence in markets to extreme panic, all in the space of one week,” said Rajan, who previously was chief economist at the International Monetary Fund.

The virus outbreak will force companies to rethink supply chains and overseas production facilities, he said.

“I think we will see a lot of rethinking on this, coming on the back of the trade disruption, now we have this,” Rajan said. “Globalization in production is going to be hit quite badly.”

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