Sonia attacks BJP for "talking big"

March 30, 2014

Sonia_attacks_BJPLakhimpur (Assam), Mar 30: Mounting an attack on the BJP, UPA Chairperson Sonia Gandhi today said the Opposition party "talks big" and believes in the "politics of hate."

Congress has strengthened the country's 'Ganga-Jamuna' culture but the BJP is all out to weaken the country, she said addressing an election rally in Lakhimpur town.

"The opposition, particularly the BJP, are going round the country indulging in big talk but what did their government do when they were in power at the Centre? There is a big difference between talking and working", Gandhi said.

"We have fulfilled almost all promises made in the 2009 manifesto. We will do the same with the 2014 manifesto and we need your support for this," she said.

"We do not make false promises. What we promise, we deliver. The Congress believes in 'Har Haath Shakti, Har Haath Tarakki (Each hand is power, each hand is progress", Gandhi said.

Congress workers in Assam and other places have been sacrificing their lives for the country before independence and even after the country became free, it is they who are engaged in nation-building.

"Where was the BJP and others then? There was no sign of the opposition either before or after independence. They are just engaged in division of the country, she charged.

"The Congress has strengthened the country's Ganga- Jamuna culture but the BJP instead of strengthening it, is all out to weaken the country," Gandhi said.

She urged the people not to be swayed by the "false promises of the opposition but be guided by their own good sense and take a decision to support the Congress and vote for their candidates."

"There is a lot of difference between working and talking. North-east people know real nationalism, hope you will not be mislead by those who are simply beating the drums of nationalism," Gandhi said.

Targeting the BJP, she said, "Congress has always shed blood and sacrificed for the country. On the other hand is a party that has only divided the society."

Highlighting the achievements of the UPA government at the Centre and the Congress in Assam, the UPA Chairperson said her party believes in the welfare of the backward classes and the underprivileged sections of the society.

"Prime Minister Manmohan Singh is personally supervising implementation of the various welfare schemes initiated by the UPA government for the welfare of the poor, Dalits, adivasis, backward classes, women and farmers," Gandhi said.

The RTI, MNREGA, Right to Work, Food Security Act and other schemes have now become a right under the law while educational facilities and tribal developments schemes are all steps to ensure that all lead a life of respect and dignity, she said.

In Assam, Chief Tarun Gogoi has been working "relentlessly" for the last 13 years for the development and progress of the state which, she said, "is there for all of you to see."

"I know how you suffer during floods and the government has taken several flood management schemes to solve this problem. Good work has been done in Dikrong, Dhemaji and Majuli", she added.

The Congress has promised housing and "we have succeeded in implementing this to a large extent", Gandhi said.

"We also promised a life of dignity for the elderly, widowed and disabled which we are committed to fulfil, the UPA Chairperson said.

The Congress has initiated several schemes for the welfare of the tea garden workers and this has helped in improving their economic and social condition, Gandhi added.

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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.”

Comments

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
July 7,2020

New Delhi, Jul 7: The University Grants Commission (UGC) has issued revised guidelines regarding the conduct of terminal semesters and final year exams by Universities and educational institutions. It has been suggested that exams may be completed by September in online or offline modes.

Releasing a statement, the UGC said it accepted the recommendations suggested by the expert committee. "In continuation to earlier Guidelines issued on 29.04.2020 and based on the Report of the Expert Committee, the UGC Revised Guidelines on Examination and Academic Calendar for the Universities in view of COVID-19 Pandemic were also approved by the Commission in its emergent meeting held on 6th July 2020," the statement read.

The Commission further said that while it was important to safeguard principles of health, safety and equal opportunities, it was also very important to ensure academic credibility, career opportunities and future progress of students.

"The Commission approved the recommendations of the Expert Committee regarding the conduct of terminal semester(s)/ final year(s) examinations by the universities/ institutions to be completed by the end of September 2020 in offline (pen & paper online/ blended (online + offline) mode," it added.

The UGC also said that if required it would also issue relevant details related to admissions and academic calendar in the universities and colleges. It asked the students to adopt the latest guidelines and complete the terminal semester or final year exams accordingly. 

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News Network
February 12,2020

New Delhi, Feb 12: Unidentified people opened fire at the convoy of the newly elected Aam Aadmi Party legislator Naresh Yadav in Southwest Delhi when he and his supporters were returning home after visiting a temple after his victory, killing a party volunteer, police and a senior AAP leader said.

The firing incident happened in Kishangarh village late Tuesday night.

Police said they have detained a person for questioning and the incident appears to be a case of personal enmity. Sources said seven rounds were fired at the MLA's convoy.

Another person injured in the incident has been admitted to a hospital.

AAP leader Sanjay Singh identified the dead party volunteer as Ashok Mann.

“Convoy of MLA Naresh Yadav attacked in Mehrauli, Ashok Mann killed. Naresh Yadav was returning home after visiting a temple,” Singh said in a tweet in Hindi.

“At least one volunteer has passed away due to bullet wounds. Another is injured,” AAP tweeted.

Ankit Lal, AAP's social media in-charge, added that miscreants in another car opened fire on the MLA's convoy near Fortis Hospital.

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