We have to create our own Google, Facebook, Alibaba: Sinha

Agencies
December 16, 2017

Panaji, Dec 16: Union Minister of State for Civil Aviation Jayant Sinha on Saturday urged Indian entrepreneurs to develop products and services that will solve "the problems of our very own".

India must create its own success stories on the lines of global giants such as Google, Alibaba or Tencent, he said.

"When we solve India's problems, we will solve world's problems as well. We should solve the problems of our very own," Sinha said, speaking at 'India Ideas Conclave 2017', organised by India Foundation in Panaji.

Indian entrepreneurs should develop products and services for domestic needs, he said.

"Because if we develop it for our people, same products and services will be used in all other places," Sinha said, adding that "if we want to be the leader of 21st century, India has to become entrepreneurial engine."

India has already proved itself in various sectors, the Union minister said.

"India has the cheapest and best telecom services, motorcycles....There is a revolution happening in front of us.

India today consumes more mobile data than any other country including China," Sinha said.

"We have to create our own Googles, Facebooks, Alibabas and Tencents," he said.

"We talk about `unicorn'. It is a company with market capitalisation of one billion dollars. We should not be satisfied talking about unicorns, we should talk about super unicorns with the market of ten billion dollars. We should not be satisfied with the idea of super unicorns, we should think how to build mega unicorns with the market capitalisation of hundred billion dollars," the minister said.

"If we build companies of that scale, we will have economic leadership, that's how we will give economic opportunities to all our people," Sinha said.

Comments

L K Monu Borkala
 - 
Sunday, 17 Dec 2017

It's really Awesome idea.

 

But starting a business in India is so Tough with so many rules and formalities, its painful.

 

Let govt. fund and initiate one project under Mr. Sinha Leadership.

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News Network
June 8,2020

New Delhi, June 8: Only 20.26 lakh migrant workers of the targeted 8 crore such labourers have received free food grains in May and June (2020), according to data released by the Ministry of Consumer Affairs, Food and Public Distribution.

In the middle of May, as part of the Rs 20 lakh crore Atma Nirbhar Bharat package, the Modi government had announced that migrant labourers who are not covered under the National Food Security Act (NFSA) or any state-run PDS scheme, will receive free food grains for two months.

"Non-card holders shall be given 5 kg wheat or rice per person and 1 kg chana per family per month for the next 2 months. About 8 crore migrants will benefit from this scheme that will cost the government Rs 3500 crore,” Finance Minister Nirmala Sitharaman had said at a press conference following PM Modi’s announcement.

But the Ministry of Consumer Affairs, Food and Public Distribution said on Sunday, "The states and UTs have lifted 4.42 LMT (lakh metric tonne) of food grains and distributed 10,131 MT of it to 20.26 lakh beneficiaries."

It added, "The Government of India also approved 39,000 MT pulses for 1.96 crore migrant families. Around 28,306 MT gram/dal have been dispatched to the states and UTs. A total 15,413 MT gram have been lifted by various states and UTs". The state governments, the ministry added, had distributed only 631MT (metric tonnes) of gram so far.

Because of the constant movement of migrant workers, the Centre had said that the states will be responsible for identifying the migrants and subsequent food distribution.

The Centre claims it is spending approximately Rs 3,109 crore for food grains and Rs 280 crores for grams/chana under this package.

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Agencies
February 11,2020

New Delhi, Feb 11: AAP chief and Delhi Chief Minister Arvind Kejriwal has won from New Delhi assembly seat. He polled 46,758 votes, which is 61.1 per cent of total votes polled in the high profile constituency.

Kejriwal defeated Sunil Kumar Yadav of the Bharatiya Janata Party (BJP), who polled 25,061 votes, which is 32.75 per cent of total votes polled. Congress candidate Romesh Sabhawarl could get only 3,220 votes.

So far, the AAP has won 55 seats and is leading on seven seats. The BJP has won seven seats and is leading on two. The Congress is nowhere in the reckoning.

As per the details on the website of Election Commission of India at 8.27 pm on Tuesday, the AAP has secured 53.60 per cent votes, BJP 38.49 per cent, BSP 0.71 per cent, CPI 0.02 per cent, CPI-M 0.01 per cent, Congress 4.27 per cent, JDU 0.90 per cent, LJP 0.35 per cent, NCP 0.02 per cent, and NOTA 0.46 per cent.

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News Network
January 29,2020

New Delhi, Jan 29: The Janata Dal (United) today expelled its vice-president Prashant Kishor and senior leader Pavan Kumar accusing them of "anti-party" activities.

Both the leaders have been attacking the party leadership over its pro-CAA stand.

The spat between Nitish Kumar and Kishor was out in the open yesterday when the former reminded the political strategist that he was inducted into the party on the recommendation of Union home minister Amit Shah.

It all began when Nitish, while talking to the media here, said, “I don’t have any problem if he (Kishor) wants to leave the party. But if he wants to stay, then he will have to follow the basic structure of the party.”

Varma had also questioned the JDU's alliance with the BJP in Delhi Assembly polls while Kishor has more than once voiced his differences with the party known on the issue of CAA and NRC.
 

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