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Sat, 27th May 2017

Anirudh Sethi Report

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Archives of “maharashtra” Tag

Rahul Gandhi’s name proposed in Guinness Book of World Records for loosing 27 elections

Congress Vice President Rahul Gandhi, who is facing a tough time in his political career due to the back to back defeats across the country, is once again making the headlines. This time Rahul has been into the limelight for a completely unique reason. Vishal Diwan, who is an engineering student from Hoshangabad Madhya Pradesh has approached to the Guinness Book of World Records and requested to enlist Rahul Gandhi’s name for losing as many as 27 elections in the country.

Diwan believes that the fact that Congress party has lost 27 elections in the span of 5 years is somewhere a result of Rahul Gandhi’s active participation in election campaigning and media interactions. As a matter of fact, this number consistent losses are more than enough to get qualified for the record book. In order to fulfill his wish, Diwan has written a letter to the administration of Guinness Books and have also paid the enrollment fees for the same. Diwan has received the confirmation of acceptance of his application, but the US-based record book have not confirmed whether it will approve such request or not.

Maharashtra’s Manchester hit hard, 70% of units shut; 80,000 workers affected

Exactly a month after demonetisation, powerlooms in Ichalkaranji, better known as the Manchester of Maharashtra, are struggling to come to terms with the effects of the currency ban. Over 70% of the units in the town are shut and more than 80,000 workers engaged in the looms and yarning, sizing and processing units are either leaving town or are reluctant to come back after Diwali as there is no cash for payment their wages.

Most of the workers come from Uttar Pradesh and Bihar. “The last two years have been very difficult for the industry and we have been barely managing to survive despite making losses because of high rates of the raw material. Powerlooms have been running at barely 30% capacity in the last 8-9 months because production lines cannot be shut. The scrapping of the Rs 500 and Rs 1,000 currency notes has brought the industry to a halt.

“Traders have cancelled orders and the units now have nothing to work on,” Satish Koshti, president, Ichalkaranji Powerloom Weavers Cooperative Association said. From a daily turnover of Rs 45-50 crore, business has sharply dropped down to barely Rs 10-15 crore, he said.

Demonetisation has affected the entire cycle of production and supply. Ichalkaranji has over 1.25 lakh powerlooms some 25,000 semi-auto looms and 7,000 shuttleless looms providing employment to over 80,000 people. Ichalkaranji produces some 1.5 crore meters per day generating revenues of Rs 45-50 crore crore per day.

Ichalkaranji has some 25,000 small units in this sector. Around 15% of this is direct exports while another 40% is exported indirectly. Located around 200 km from Pune, Ichalkaranji has been a major textile hub in the country and sends ready cloth to Ahmedabad, Mumbai, Madhya Pradesh, Delhi, West Bengal and Karnataka. According to Koshti, the season usually begins after Diwali and continues till June every year and this time after a two bad seasons, the industry was looking forward to a good season because of good monsoons.

“Initially for a fortnight, traders were forcing the industry to accept the demonetised notes.

Bengaluru: Rs 2000 notes worth over Rs 4 crore seized by I-T dept

i-t1Officials from the Income Tax Department’s Karnataka and Goa region operations seized Rs 6 crore, including Rs 4.7 crore in new Rs 2000 denomination, along with huge bullion and jewellery from four persons – two government engineers and two contractors – following searches conducted on Wednesday and Thursday. In the search operations, apart from the cash in excess of Rs 6 crore, gold bullion weighing 7 kg approximately and jewellery in excess of 7 kg were also found, the I-T department said. Out of the total cash of Rs 6 crore found as much as Rs 4.7 crore is surprisingly in new currency of Rs 2000 notes. The I-T department has also seized several property documents and high-end luxury cars including a Lamborghini.

“Huge stacks of Rs 2000 notes have been recovered. The cash is amounts to over Rs 4 crore. The counting of the seized currency is still on. This is one the highest seizures of the new currency. Some entry operators and bankers are under the scanner,” a senior I-T department official told news agency PTI.

Identity cards belonging to several individuals were also found during the searches. I-T department suggested that these cards might have been used to exchange old currency notes at banks.

Ban on Pak artistes/films: Mukesh Ambani says nation first

Reliance Industries Chairman Mukesh Ambani today joined issue with those opposing the ban on Pakistan artistes in India, saying the nation should come first and not arts and culture.

“I am absolutely clear about one thing – that for me it is always country first. I am not an intellectual so I don’t understand all these. But undoubtedly like for all Indians, India is first for me,” Ambani said here tonight.

The billionaire businessman was answering questions from the audience on ban on Pakistan actors and other artistes at the ‘Off the Cuff’ show organised by The Print, a digital media outfit owned by senior journalists Shekhar Gupta and Barkha Dutt.

Asked whether he will join politics, Ambani replied in the negative, saying “I am not made for politics.”

The statement from the richest Indian, a known movie buff, comes amid criticism from some quarters of the demand for a ban on Pakistan actors in the wake of Uri terror attack, blamed on the militants operating from the neighbouring country.

Tension between the two nations escalated after the September 18 terror attack on an Army camp in Uri, Jammu and Kashmir, which killed 19 soldiers, and the September 28-29 surgical strikes by the Army’s Special Forces on terror launch pads in the PoK.

Mumbai wealthiest city in India with total wealth of $820 bn

Image result for MUMBAI TUMBLRIndia’s financial capital Mumbai, home to 45,000 millionaires and 28 billionaires, is the wealthiest city in the country with total wealth of USD 820 billion, says a report. According to New World Wealth, Mumbai is followed by Delhi and Bengaluru at the second and third place respectively. While Delhi, home to 22,000 millionaires and 18 billionaires has total wealth of USD 450 billion, Bengaluru boasts of a total wealth of USD 320 billion. The city is home to 7,500 millionaires and 8 billionaires.

Total wealth refers to the private wealth held by all individuals.

The report defines ‘wealth’ as the net assets of a person. It includes all their assets (property, cash, equity, business interests) less any liabilities. The report excludes government funds from its figures.

As per the report, the total wealth held in the country amounts to USD 5.6 trillion (as of June 2016). The country is home to 264,000 millionaires and 95 billionaires in total. Other emerging cities in the country include, Surat, Ahmadabad, Visakhapatnam, Goa, Chandigarh, Jaipur and Vadodara, the report said.

ALERT : Monsoon in India delayed, sowing on hold

Over a week’s delay in the monsoon’s onset in the country has forced rain-dependent farmers, especially those in central and north India, to postpone sowing of kharif crops, but experts allayed the fears that grain output could be hit. With the Met department predicting above-normal monsoon rains this year, a welcome break after two consecutive years of deficient rains, senior government functionaries had bet on a sharp pick-up in both farm production and agricultural GDP growth in the current year.

According to agriculture ministry data released on Friday, kharif sowing so far has been 10% lower than in the corresponding period last year, while water levels at the 91 large reservoirs have fallen to an abysmal 15% of their combined installed capacity. The sowing of rice, pulses and oilseeds have got delayed.

“A week’s or 10 days’ delay in the monsoon would not adversely impact the kharif sowing and output, as the rains are expected to pick up pace as predicted by Met department shortly,” Ashok Gulati, former chairman, Commission for Agricultural Costs and Prices, told FE.

NITI Aayog member and agriculture expert Ramesh Chand had predicted more than 6% farm growth for 2016-17 should monsoon forecasts hold good. The agriculture ministry has also set the country’s grain production target at 270.10 million tonnes for the 2016-17 crop year (July-June), up 6.7% from the actual grain production of 253.23 million tonnes in 2015-16.

Though retail inflation hit a 21-month high of 5.76% in May, led by a 7.55% spike in food inflation, the pace of price pressure is expected to ease as seasonal (summer) effects ebb, analysts said. A good spread and quantum of rains and the government’s recent decision to keep the hike in the benchmark prices of key kharif crops under 5% will help keep inflation from spiralling out of control, they added.

India : Over 90 per cent SEZs’ land lying vacant

Over 90 per cent of the area notified for setting up 58 special economic zones in different states in the last five years are lying vacant, Parliament was informed on December 7. As much as 4,480.13 hectares of land are lying vacant as against the total notified area of 4,842.38 hectares to set up these special economic zones (SEZs).

Commerce and Industry Minister Nirmala Sitharaman said that 362.25 hectares was being utilised to set up these 58 SEZs.

“Land for SEZs is procured as per the policy and procedures of the respective state governments. The central government does not acquire any land for SEZs.”

“The Board of Approval for SEZs only considers those proposals, which have been duly recommended by the state government,” she said in a written reply to the Lok Sabha.

In Andhra Pradesh, a maximum of 2,044.15 hectares of land are lying vacant followed by Maharashtra (536.13 hectares) and Tamil Nadu (295.51 hectares). During April-September this fiscal, exports from these zones stood at Rs 2.21 lakh crore as against Rs 4.63 lakh crore in 2014-15.

During the first half of this fiscal, these zones have generated employment for 15.44 lakh people. Replying to a separate question on exports, the minister said that India’s agricultural products exports during April-October this year was aggregated at USD 17.95 billion. As per the WTO,

India’s share in world exports of agricultural products was 2.5 per cent. India ranks 7th among the leading exporters of agricultural products.The top five destinations for agricultural products export include the US, Vietnam, Japan, Belgium and Spain.

Badi Badi Baatein -Nitin Gadkari wishes to build Burj Khalifa like structure in Mumbai

Union minister Nitin Gadkari today said he intends to build a structure taller than the Dubai’s iconic Burj Khalifa here in the memory of Maratha warrior Chhatrapati Shivaji.

“I am not making any announcement but only expressing my wish. I want a huge building to come up in Mumbai. I want a structure taller than the Burj Khalifa, one of the tallest buildings of the world, to come up in Mumbai near the seas. It will be called Chhatrapati Shivaji Maharaj tower,” Gadkari said while speaking at the ‘IBN Lokmat’ Conclave here.

He further said the first 30 floors would be reserved for a conventional Centre, the next 30 for restaurants, another set of 30 floors for hotels, 20 floors for malls only, along with many floors underground as parking space.

Burj Khalifa is one of the tallest artificial structure in the world, standing at 829.8 mt (2,722 ft).

“On the top floors of the building, there can be an art gallery dedicated to Shivaji Maharaj, depicting his life. Around the building, there will be musical fountains, lights and crystal clear water,” he said.

Madhya Pradesh declares drought in 35 districts, seeks Rs2,400 crore aid

Madhya Pradesh has declared 35 out of 51 districts in the state as drought affected and sought an initial central assistance of Rs.2,400 crore, indicating deepening rural distress.

Karnataka, Maharashtra and Odisha have already declared parts of their state as drought affected.

Madhya Pradesh finance minister Jayant Malaiya and agriculture minister Gouri Shankar Bisen met union finance minister Arun Jaitley on Monday evening and briefed him on the situation.

Apart from the Rs.2,400 crore compensation to be paid to farmers for crop damage, the state also sought an additional Rs.300 crore for drinking water supply and Rs.750 crore for waiving off interest payments on loans.

According to the memorandum submitted by the state government to the centre, the deficit monsoon this year has affected over 4.8 million farmers spread across 33,283 villages in 228 tehsils (blocks) in the state. An area of 4.4 million hectare has been hit by drought.

Eastern Madhya Pradesh recorded rainfall that was 29% of the normal, while overall, the state recorded a deficit of 12%, according to the India Meteorological Department. For the entire country, the southwest monsoon, which irrigates over half of the farm land during the kharif season, recorded a deficit of 14%. In 2014, the national shortfall was 12%.

BJP got ‘Modi oxygen,’ will last till popularity remains: Shiv Sena

Continuing to target its ruling ally BJP, the Shiv Sena today said the former has received “Modi oxygen” in the form of power, which will last as long as its popularity among the masses remains intact.

The Uddhav Thackeray-led party also sent a strong message to the BJP saying its successful Dussehra rally indicated that the future belonged to the Sena and that it was prepared to fight the upcoming (poll) battles alone if needed.

“The BJP has received Modi oxygen in the form of power. This oxygen will last till the subsidy of the popularity ends…Sena is standing firm on its thoughts, struggle and patriotism. The party has never changed its stand on the issues of Hindutva, patriotism, Maharashtra’s identity and issues concerning common man’s life. Our beliefs will not change at any cost,” the Sena said in its mouthpiece ‘Saamana’.

Shiv Sena has waged a war against the enemies of the country. The party does not face challenge by anybody, it said adding, peoples’ support will ensure that the Sena’s flag flutters over Maharashtra in the future.

“The future belongs only to the Sena and the Dussehra rally of the party has sent this message across to everybody. We will fight it out with whosoever is willing to join us, or else, we are fully prepared to fight it out all alone with the confidence instilled in us by the Sena chief. Nobody should dare block our path!” it said.