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Mon, 27th March 2017

Anirudh Sethi Report

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Archives of “uttar pradesh” 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.

IIT placements see 10% drop this year

An increased number of the Indian Institutes of Technology (IITs) coupled with revised recruitment plans by recruiters has led to number of offers come down by 10% at placements, even as number of companies at campuses is slightly up this year.

At IIT Kharagpur, as against 280 companies last year, this year the institute has seen over 300 companies register for placements, several of which have already visited the campus. Similarly, IIT Guwahati too has seen number of recruiters rise from 150 last year to 200 this year.

 

Despite this rise, the number of offers per recruiter has come down by anywhere between 10% and 20% at different IITs, barring a few. IITs attribute the trend to multiple reasons including rise in the number of the premier institutes to now 23, thereby leaving too many campuses for recruiters to visit, apart from revisions in recruitmentplans by firms.

“Barring a few, most of the recruiters have reduced the number of offers. The average fall at IIT Guwahati is around 20%. Mostly this is because the manpower requirement at companies has undergone a change and they seem to have revised their recruitment plans,” said K Mohanty, placement chairperson at IIT Guwahati. For instance, WorksApp has made six offers this year at IIT Guwahati as against 12.

India : With GDP of $370 billion, Delhi-NCR muscles out Mumbai as economic capital of India

The latest Oxford Economics data has crowned the Delhi Extended Urban Agglomeration (EUA)—comprising Delhi, Guragaon, Faridabad, Noida and Ghaziabad—as India’s economic capital, with a GDP of $370 billion. Delhi EUA dislodges Mumbai EUA by a narrow margin—the former economic capital’s GDP fell short of Delhi’s by $2 billion—though Mumbai, on account of its smaller population, posts better per capita income. While there may be a host of reasons why Delhi is now the nation’s hub of economic activity, given the vast leaps the national capital region has taken in terms of improving physical infrastructure, this was also probably exepected. Factors like the extensive and efficient Metro rail network—though Mumbai has its time-tested suburban train network, and is moving on creating a monorail and metro network—proximity to policy-making, the coming up of top-notch education and research institutions over the past few decades, etc, have definitely helped Delhi gain the edge.

The other factor is also that the high-cost of undertaking economic activity in Mumbai—high land/realty costs and correspondingly higher cost of skilled labour—have made other cities, including Delhi, more attractive for business. The Delhi EUA’s rise is also, in no small measure, predicated on the efforts of neighbouring states of Haryana and Uttar Pradesh, respectively, to project Gurgaon and Noida as hubs for services and manufacturing. Significantly, Delhi EUA’s ascent has imposed significant costs—pollution has reached unprecedented levels while the physical infrastructure could soon prove inadequate. This has underscored the need for better urban planning. Against the backdrop of the Union government pushing states to better their ‘ease of doing business’, there also needs to be a focus on improving infrastructural capacity.

Demonetisation: PM Narendra Modi’s ‘masterstroke’ could end up as ‘joke’, says Chinese media

Prime Minister Narendra Modi’s “masterstroke” to demonetise Rs 500 and Rs 1,000 notes could be reduced to a “nasty partisan conspiracy” or a “costly political joke” if it fails to deliver on its high-sounding promises, Chinese official media commented on Thursday.

“While it takes political courage to launch such a trailblazing and massive campaign; it actually takes far more wisdom to give it a happy ending,” an article in the state-run Global Times said.

“Given the fact that people have to pay an absurdly high price for the expected reform, if BJP fails to deliver its high-sounding rhetoric and promises, then Modi’s much-lauded ‘masterstroke’ or ‘big bang reform’ will likely be reduced to ‘nasty partisan conspiracy’ and even a ‘costly political joke’,” it said.

The article noted that demonetisation is by no means new to India. However, rooting out India’s perennial and enormous black economy has never been an easy mission, it said.

“If Modi fails to supplement the blitzkrieg reform with more enduring and fundamental measures, any beneficial effects the reform has created may evaporate quickly, even if Indian people have paid an absurdly high social and economic price so far,” the article said.

The demonetisation may also benefit BJP, it said.

Congress, BJP got Rs 5k crore from unknown sources in last 10 yrs

The Bharatiya Janata Party (BJP) and the Congress, which are fighting in Parliament over the right way to tackle black money, need to start at home. These two national parties accounted for a lion’s share of the thousands of crores of unaccounted money received by the political world over the past 10 years. 
 
An analysis of the income-tax returns data for the past 10 years provided by the Association of Democratic Reforms (ADR) showed that between 2005 and 2015, these two parties collected a total of Rs 5,450 crore from ‘unknown sources’. 
The Congress leads the list of six national parties with Rs 3,323 crore or 83 per cent of its total income from these anonymous benefactors during this period. For the BJP, the figure was lower at Rs 2,125 crore or 65 per cent. 

The Communist Party of India (Marxist), whose leader Sitaram Yechury made a spirited speech in Parliament on the black money issue and demonetisation on Wednesday, came next with Rs 471 crore from such unknown sources. Mayawati’s Bahujan Samaj Party (BSP) earned Rs 448 crore and Sharad Pawar’s Nationalist Congress Party got Rs 243 crore on these accounts. 
 

The contribution statements, submitted by the political parties declaring the names and other details of donors who contribute above Rs 20,000, are the only known source. 

33 deaths since government scrapped Rs 500, Rs 1000 notes

In the past week since the central government scrapped Rs 500 and Rs 1,000 notes in a bid to weed out black money, 33 deaths have been reported across the country that can be directly or indirectly linked to the sudden demonetisation move. While a few deaths have been out of shock, as alleged by the families of the deceased, some deaths are claimed to be owing to exhaustion after standing for long hours in serpentine queues. There have also been reports of suicide and even a murder over demonetisation in West Bengal.

On Wednesday, too, chaotic scenes and long queues were seen outside banks and ATMs across the country as people rushed to withdraw or exchange notes to pay their every day bills.

Here is a list of the reported deaths since the demonetisation was announced:

1. Four days before his daughter’s wedding, Sukhdev Singh died of a heart attack in Tarn Taran, Punjab, as he was unable to buy groceries and other items due to shortage of new currency notes.

2. A 17-year-old BSF Jawan’s son committed suicide in Bulandshahr, Uttar Pradesh, after his mother refused to give him smaller value notes.

3. A two-year-old died in Sambhalpur, Odisha, after an autorickshaw driver refused to take the family to hospital as they did not have lower denomination notes to pay the fare.

4. Lakshminarayana, 75, collapsed and was declared dead while waiting in a queue for over two hours outside a bank in Secunderabad, Telangana.

5. Surendra Sharma, a senior citizen from Aurangabad, Bihar, died while waiting in a bank queue.

Reliance Jio loses its advantage; Airtel, Vodafone can easily counter it now

Top three telcos — Bharti Airtel, Vodafone and Idea — have secured adequate 4G spectrum during the recently-concluded auction to counter Jio, making them more competitive to poach subscribers, analysts said today.

The spectrum auction, which was touted as the largest sale of mobile airwaves, ended in a whimper yesterday, with just Rs 65,789 crore of bids coming in over five days as against an expectation of Rs 5.6 lakh crore.

Nearly 60 per cent of airwaves, including premium 4G bands, remained unsold.

“We now believe that the top three telcos have adequate 4G spectrum to counter Jio, making it more competitive to poach subscribers. We now also see faster consolidation among smaller telcos, given lack of data spectrum,” Bank of America Merrill Lynch said in a report.

It added that the top three operators, however, still lack a sub-1 GHz 4G band that Jio has and therefore, there is a possibility that these companies may purchase spectrum in the 700 MHz in future.

The appetite may be driven by improvement in capacity utilisation, led by data growth.

Pakistan PM now showing 56-inch chest, says Shiv Sena in a dig at Modi

In a veiled dig at Prime Minister Narendra Modi over India’s moves against Pakistan after the Uri attack, key BJP ally Shiv Sena on Monday said the neighbouring country’s prime minister Nawaz Sharif is now showing off a “56-inch chest”.

The Sena also said it feared that India had actually been isolated in the world with its efforts yielding little result other than mere “lip service” by global leaders. “All of India’s efforts to forge global relations have proved futile as no country actually backed India over the Uri attacks. Global leaders did mere lip service of condemning the terror attacks but the BJP’s social media cell took some other meaning out of it and went boasting how Pakistan has been isolated over the issue,” an editorial in Sena mouthpieceSaamana said.

n the run up to the 2014 Lok Sabha election campaign, Modi had famously claimed at a poll rally in Uttar Pradesh that a “56 inch chest” can solve problems faced by the country. The Sena noted that neither Russia did stop its joint military drill with Pakistan nor China condemned the terror attacks. Even Indonesia is offering Pakistan defence equipment and Islamic organisations are openly backing Pakistan while Nepal too wants to maintain good relations with it, the Sena said.

In UP, 18 lakh including graduates applied for 40,000 sanitation jobs

Shortly after Independence Day this time, the country’s most populous state woke up to some fresh data that again indicated the gravity of its unemployment scenario.

Amid studies that say Uttar Pradesh will have 1.3 crore jobless youth (18-35 age) next year, municipal corporations across the state received 18 lakh applications for 40,000 sweepers.

The Kanpur Municipal Corporation (KMC) alone was flooded with seven lakh applications against its 3,275 vacancies for safai karamcharis. A staggering five lakh of them were graduates and postgraduates.

For long considered ‘menial’, the job also saw signs of UP’s conventional caste paradigm shifting: upper-caste applicants have applied for the post that is occupied by members of the subaltern Dhanuk and Valmiki communities. No less than one lakh applicants are Brahmins, 75,000 are Thakurs and 30,000 are Banias.

It was in July this year the Uttar Pradesh government issued a notification to appoint 40,000 sweepers on contractual basis in the state’s 75 districts with a monthly stipend of `15,000. The prerequisites: should pass Class 8, know how to ride a bicycle and how to wield a broom.

When the date to apply (also online) ended on August 17, the civic bodies across the state were left to choose from 18 lakh candidates. State capital Lucknow received 5.5 lakh applications against 3,142 vacancies of Safai workers.