Votes of youths will be bedrock of new India, says Modi

Agencies
December 31, 2017

New Delhi, Dec 31: Prime Minister Narendra Modi on Sunday urged youths, who turn 18 on Monday, to register as electors and said their votes would prove to be the bedrock of New India.

In his last 'Mann ki Baat' address of the year, he suggested that 'mock Parliament' be organised around August 15 in Delhi, comprising a young representative selected from every district of the country who would deliberate on how a new India could be formed in the next five years.

He said mock parliaments should be organised in every district before the proposed event in August in the national capital.

He said in the new year, people should take concrete steps to make a "progressive India" and also recounted an inspirational story of Anjum Bashir Khan Khattak, the topper of the Kashmir Administrative Service examination.

"He actually extricated himself from the sting of terrorism and hatred and topped in the Kashmir Administrative Examination. You will be surprised to know that terrorists had set his ancestral home on fire in 1990," Modi said.

He said terrorism and violence were so widespread there that his family had to leave their ancestral land and flee.

For a young child, such an atmosphere of violence could easily create darkness and bitterness in heart, but Anjum did not let it be so and he never gave up hope. He chose a different path, a path of serving the people, he said. He also recalled his meeting with young girls from the state and said he was amazed at the spirit that they had, the enthusiasm that was there in their hearts and the dreams they nurtured.

He said people born in the year 2000 or later would gradually begin to become eligible voters from January 1, 2018.

"The Indian democracy welcomes the voters of the 21st century, the 'new India voters'. I congratulate our youth and urge them to register themselves as voters.

"The entire nation is eager to welcome you as voters of the 21st century...your vote will prove to be the bedrock of new India. The power of the vote is the greatest strength of a democracy. It is the most effective tool in bringing about a positive change in the lives of millions of people," he said.

According to the Election Commission, 13,430,193 people who were 18-19 years of age voted in the 2014 Lok Sabha polls. "...new India will be free from the poison of casteism, communalism, terrorism and corruption; free from filth and poverty. In the New India everyone will have equal opportunity and aspirations and wishes of everyone will be fulfilled. New India will be a place where peace, unity and amity will be our guiding force," Modi said in his broadcast.

On cleanliness, Modi said a change can now be seen in the form of public participation in rural and urban areas alike.

He said cleanliness survey 2018, the largest in the world, will be conducted from January 4 to March 10 to evaluate the achievements of the mission in urban areas. This survey will cover a population of more than 40 crore in over 4,000 cities.

He said this Republic Day, not one but ten chief guests would grace the January 26 parade at Rajpath.

"...January 26, 2018 will especially be remembered through the ages. The Republic Day will be celebrated with leaders of all ten ASEAN (the Association of Southeast Asian Nations) countries coming to India as chief guests...this is unprecedented in India's history," he said.

He said, 2017 has been special for both Asean and India. While, Aseab completed 50 years of formation and India's partnership with Asean also completed 25 years.

"On January 26, the arrival of great leaders of 10 nations of the world as a unit is a matter of pride for all Indians," Modi said.

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News Network
June 3,2020

New Delhi, Jun 3: Seasoned diplomat and former spokesperson of the External Affairs Ministry Raveesh Kumar has been appointed as India's next Ambassador to Finland, the government announced on Wednesday.

Raveesh Kumar, a 1995-batch Indian Foreign Service officer, served as the spokesperson of the MEA from July 2017 to April 2020 during which he deftly articulated India's position on a number of sensitive issues including last year's Balakot strike, reorganisation of Jammu and Kashmir and the controversy surrounding the National Register of Citizens.

"He is expected to take up the assignment shortly," the MEA said.

Before becoming the MEA spokesperson, Kumar was serving as Consul General of India in Frankfurt.

Kumar started his career at the Indian Mission in Jakarta and it was followed by his postings in Thimpu and London.

In his nearly 25-year career, Kumar also looked after the East Asia desk in the headquarters of the MEA in Delhi and served as Deputy Chief of Mission in Jakarta followed by his posting as Consul General in Frankfurt from August 2013 to July 2017.

In Finland, he succeeds Vani Rao.

Finland is an important country for India in Europe, and bilateral trade has been on an upswing in the last few years.

Around 35 Indian companies have invested in Finland in IT, healthcare, hospitality and automotive sectors while over 100 Finnish companies have operations in India in energy, textiles, power plants and electronics sectors.

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News Network
March 29,2020

New Delhi, Mar 29 : Notwithstanding the 21-day coronavirus lockdown, the Reserve Bank of India (RBI) has decided to go ahead with the merger plan of ten state-run banks into four larger bank from April 1. The apex bank has issued four separate releases announcing that the branches of merging banks will operate as of the banks in which these have been amalgamated from next month.

RBI's statement comes after Finance Minister Nirmala Sitharaman's clarification on Thursday that the mega bank consolidation plan was very much on track and would take effect from April 1.

The government on March 4 had notified the amalgamation schemes for 10 state owned banks into four as part of its consolidation plan to create bigger size stronger banks in the public sector.

Bank officers' unions, however, earlier this week wrote to the prime minister seeking to defer the merger schemes of lenders due to the lockdown triggered by coronavirus outbreak.

As per the scheme, Oriental Bank of Commerce and United Bank of India will be merged into Punjab National Bank; Syndicate Bank into Canara Bank; Allahabad Bank into Indian Bank; and Andhra and Corporation banks into Union Bank of India.

Under this, the branches of Oriental Bank of Commerce and United Bank of India will operate as branches of Punjab National Bank from April 1, 2020, and branches of Syndicate Bank as that of Canara Bank, the RBI said in a separate releases.

Allahabad Bank branches will operate as those of Indian Bank while the branches of Andhra Bank and Corporation Bank will function as the branches of Union Bank of India from the beginning of next fiscal year 2020-21, the RBI said.

"The Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank Scheme, 2020 dated March 4, 2020, issued by the Government of India... The scheme comes into force on the 1st day of April 2020," RBI said.

Customers, including depositors of merging banks will be treated as customers of the banks in which these banks have been merged with effect from April 1, 2020, the RBI noted.

Banking services across the country are impacted due to the effect of COVID-19 as a near shut down is being observed across the country.

In a letter written to the Prime Minister on March 25, the All India Bank Officers'' Confederation (AIBOC) said, "The finance minister yesterday announced a slew of measures in view of the deleterious effect of the contagion. We are also expecting an extension of closing related activities and the revision of the closing date itself from March 31 to June 30, which is the need of the hour."

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Agencies
March 1,2020

Washington, Mar 1: Beginning April 1, Indians wishing to immigrate to America will now have to pay an additional $50,000 for the EB-5 or the US investor visa, a media report said.

Although, this additional tax would impact all visa categories, it will predominantly create a barrier for people investing in the EB-5 visa programme, the American Bazaar daily said in the report on Friday.

In 2019, the EB-5 investor visa programme, for the first time since the 1990's, increased the minimum investment amount to $900,000.

With this increase in minimum investment, the new 5 per cent additional tax would mean that applicants would have to pay the extra $50,000, when they move money to an escrow account in the US to fulfil their application criterion.

"The changes to the tax on remittances is a reminder to Indians to carefully plan their tax position before making the move to the US," the American Bazaar quoted Mark Davies, Global Chairman, Davies & Associates LLC, as saying.

"People seeking to emigrate who do not wish to pay this tax at source and rather account for it later may wish to move their money ahead of the new rules coming into effect.

"It is possible to pre-emptively move money into an escrow account in the US until such a time as they are ready to proceed with emigration process," he added.

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