Indias most valuable PSU remains a wealth destroyer

Life Insurance Corporation of India (LIC) overtook State Bank of India on Wednesday to become India's most valuable state-run company in terms of market capitalisation. At the start of trading on Wednesday, LIC had a market capitalisation of ₹5.66 lakh crore, compared to SBI's ₹5.64 lakh crore, though SBI recovered from opening lows to reclaim the top spot for a brief period again. However, despite becoming India's most valued company, LIC has caused loss of investor wealth. The stock listed at a discount in May 2022, a level it only crossed on Tuesday, nearly two years after listing. Although the stock has crossed the retail IPO price of ₹904, it remains below the original IPO price of ₹949. Over the last 12 months, the stock has gained only 27%, compared to other PSE index constituents like REC, PFC, BHEL and HAL, which have gained anywhere between 140% to 250% over the same time frame. In fact, LIC shares are the second-worst performers on the Nifty PSE index over a 12-month period, only ahead of Container Corporation of India, which is up 25%. LIC remains India's biggest IPO where the government sold a 3.5% stake to mobilise over ₹21,000 crore. That is the only stake sold in the open market yet as the government continues to hold the remaining 96.5%. DIPAM Secretary Tuhin Kanta Pandey in his prior interactions with CNBC-TV18 had mentioned that an LIC Follow-On Public Offer (FPO) is not on the cards yet. Additionally, unlike other PSUs, LIC has been granted an exemption from complying with minimum public shareholding norms. It can achieve the 25% minimum public shareholding by May 2032, instead of the usual three years. LIC shares have recovered from their 52-week low of ₹530 and despite this rally are trading at 0.85 times price-to-embedded value. Shares of LIC are trading 0.6% lower at ₹887.2. The stock is up 11% over the last month.  

Ram Mandir News - RJD chief Lalu Yadav to skip Ram Mandir Pran Pratistha ceremony

Ahead of the pranpratishtha ceremony, Ayodhya Ram Temple Construction Committee Chairman, Nripendra Mishra says, “…a historic event…There is not only in India but all over who have faith, they feel that their rights have been recognised, their faith has been respected. So, from that sense of the term, there is jubilation. But at the same time, I would say and I believe what the PM said in 2019 when the judgement came – there should be no sense of victory or there should be no sense of defeat. We must all accept the judicial pronouncement. So, everyone is cautious that while you celebrate this day, don’t celebrate this day as something which is to show any other person of a different faith that he is less important to this country. This country belongs to everybody.” Priest Sunil Das in Ayodhya says, “This Ayodhya temple will be the centre for universal peace centre….” Priest Sunil Das conducted religious rituals in the ‘Garbha Griha’ of Ayodhya Ram Temple today. Union Minister Anurag Thakur criticized the Congress and other opposition parties for staying away from the Ram temple consecration ceremony in Ayodhya. Thakur, accompanied by Delhi BJP chief Virendra Sachdeva, participated in a cleanliness drive at the Valmiki temple premises. He warned that the opposition’s decision to boycott the ceremony might lead to people boycotting them, citing past instances when public support waned due to similar actions. The “pran pratishtha” ceremony is scheduled for January 22 as part of the BJP’s “Swachhata Sewa” programme. Former Chief Minister and RJD chief Lalu Prasad Yadav, on Wednesday, said that he will not be attending the Pran Pratishtha ceremony at the Ram Mandir in Ayodhya on January 22.“I will not go to Ayodhya to attend the pran partishtha ceremony of the Ram temple,” he said.   

Sensex tumbles 1,628.01 points to close at 71,500.76; Nifty plunges 460.35 points to 21,571.95

The company has received additional orders worth ₹339.31 crore since the last disclosure on 26th Dec 2023 and these orders pertain to Combat Management System, Composite Communication System, Transmit / Receive Modules, Mobile Autonomous Stabilization System and other spares / services, said BEL in a filing to the exchanges. Nifty Banks Slides More Than 4%, Biggest Fall Since February 2022. HDFC Bank Records Worst Day In 3 Years, Falls Over 8% After Earning. HDFC Bank Contributes Over 50% Fall To Both Nifty & Nifty Bank. HDFC Bank Reacts Sharply To Earnings, Erases `1 Lk Cr Market Cap. BSE-listed Cos Erase Market Cap Of `4 Lakh Cr Today. All Sectoral Indices Close In The Red While Volatility Index Surges 11%. Sensex Slides 1,628 Points To 71,501 & Nifty 460 Points To 21,572. Nifty Bank Falls 2,061 Points To 46,064 & Midcap Index 516 Points To 47,152Except Bandhan, All Nifty Bank Constituents End In The Red. IEX Slides 11% On Power Minister’s Mkt Coupling Comment. Asian Paints Reports Earnings In-Line, Stock Is Down 2%. Pricol Sees Block Deals Of Over 15%, Minda Corp & PE Likely Sellers. IT Stocks See Buying Amid Market Sell-off, Most IT Stocks In The Green. ICICI Lombard Surges After An Improved Showing In Q3, Up 6%. L&T Tech Surges Despite Reporting Below-than-expected Results, Up 4%. Polycab Extends Gains, Closes With A Gain Of 2% Ahead Of Results. Market Breadth Fvaours Declines, Advance-Decline Ratio At 1:3.In what was touted to be a takeover attempt, Minda Corp mentioned that this was only a financial investment and will not fetch them any special rights in Pricol other than those of a normal shareholder. The management of Pricol had told CNBC-TV18 on February 17 that the promoters have no intention to sell any stake in the company as it is on the path of growth and is doing well. "I definitely do not want to sell. I'm 1,000 percent committed to this business," Mohan said. "Our market share has gone up. We have a very strong order book, zero long term debt, healthy cash profits, capacity, and we know we are on a growth curve. So why would I sell?" he further added. On January 4 this year, India's competition regulator had said that prima facie, the proposed merger by Minda may have adverse on competition and that it intends to conduct further inquiry into the process. Shares of Pricol are off the day's low, currently trading 2% lower at ₹360.70, while those of Minda Corp have surged to the day's high, currently trading 3% higher at ₹395.75.  

Süd-Chemie India Pvt. Ltd.

The chemical manufacturing industry is currently undergoing a significant transformation, marked by a surge in demand for sustainable products and a shift towards circular economy practices. At the forefront of driving this change is Süd-Chemie India Pvt. Ltd. (SCIL), a pioneering company led by CEO Mr Prakash Babu Surya. Founded in 1969 as Catalysts & Chemicals India (West Asia) Pvt. Ltd., the company emerged as a leader in catalysis. Subsequent mergers and acquisitions led to transformations, with the company being renamed United Catalysts India Ltd. (UCIL) in 1979 and Süd-Chemie India Pvt. Ltd. (SCIL) in 2000 with Süd-Chemie A.G. Germany acquiring CCI, USA’s shares. Acquired by Clariant International in 2011, SCIL now stands as a global giant, delivering catalyst solutions and catering to both Indian and international markets. Their strength lies in a profound understanding of chemistry and its applications, addressing the specific needs of clients in both Indian and international markets. SUD Chemie India Private Limited is a Non-govt company, incorporated on 28 Feb, 1969. It's a private unlisted company and is classified as'company limited by shares'.Company's authorized capital stands at Rs 100.0 lakhs and has 96.23% paid-up capital which is Rs 96.23 lakhs. SUD Chemie India Private Limited last annual general meet (AGM) happened on 19 Sep, 2017. The company last updated its financials on 31 Mar, 2017 as per Ministry of Corporate Affairs (MCA).SUD Chemie India Private Limited is majorly in Manufacturing (Metals & Chemicals, and products thereof) business from last 54 years and currently, company operations are active. Current board members & directors are ARSHIA ALTAF LALLJEE, ISKANDER ALTAF LALLJEE, HAMIDA ALTAF LALLJEE, ADNAN WAJHAT AHMAD, DEEPAK RASIKLAL PARIKH, STEFAN CHRISTOF JOHANNES HEUSER, KARL HOLGER DIERSSEN and NYELA KALSIA .Company is registered in ROC-Ernakulam (Kerala) Registrar Office. SUD Chemie India Private Limited registered address is EDAYAR INDUSTRIALDEVELOPMENT AREA BINANIPURAM P O ALUVA ERNAKULAM KL 683502 IN.    

GSP Crop Science Pvt. Ltd.

Carl Zeiss India's Medical Technology Division recently participated in Phaco Festival organized by Nethradhama Super Speciality Eye Hospital, Bengaluru, a world-class facility focused primarily on quality eye care with state-of-the-art technology and highly skilled doctors. The two-day conference, renowned for highlighting cutting-edge advancement of technologies used by ophthalmologists, took place on 13th and 14th January 2024, in Bengaluru. The conference was attended by distinguished national and international faculty who shared their invaluable insights, encompassed Masterclasses, 3-D Live Surgeries, and Skill Transfer Courses among others. At the Phaco Festival, the spotlight shined on ZEISS's transformative impact on the Cataract and Corneal Refractive Workflows. ZEISS technology redefines the diagnosis and treatment of cataracts, offering a comprehensive and integrated approach to surgery. By merging state-of-the-art imaging, diagnostics, and surgical technologies, ZEISS aids ophthalmic surgeons in enhancing efficiency and clinical outcomes for cataract procedures. At the Phaco Festival, the spotlight shined on ZEISS's transformative impact on the Cataract and Corneal Refractive Workflows. ZEISS technology redefines the diagnosis and treatment of cataracts, offering a comprehensive and integrated approach to surgery. By merging state-of-the-art imaging, diagnostics, and surgical technologies, ZEISS aids ophthalmic surgeons in enhancing efficiency and clinical outcomes for cataract procedures.Dr. Sri Ganesh, MD, Chairman of Nethradhama Super Specialty Eye Hospital, Bangalore, expressed his confidence in ZEISS Medical Technology: "The ZEISS Cataract Workflow is integral to my practice, seamlessly integrating diagnostics and therapeutics, providing peace of mind. It minimizes stress for clinicians and surgeons, enhancing efficiency with reduced time and transcription errors. Ultimately, it ensures optimal efficiency, safety, and improved patient outcomes, allowing for the accommodation of more patients in a day."    

GSP Crop Science Pvt. Ltd.

India, a nation with a burgeoning population of nearly 1.4 billion, faces the monumental task of feeding millions every day. The critical importance of food security cannot be overstated. At the core of this battle lies the indispensable need for crop protection against relentless pests capable of wreaking havoc on agricultural produce. Enter GSP Crop Science Pvt. Ltd., a leader in the agrochemical industry, standing as a stalwart defender against this agricultural peril. Headquartered in Ahmedabad, the organisation emerges as a leader in developing and selling agrochemicals nationwide, aligning with Atmanirbharta and Make in India policies. Unlike the past reliance on costly imports, the company not only fulfils domestic needs but also exports to the global market.GSP envisions transforming agriculture by offering innovative products at regional prices and prioritising indigenous manufacturing. This vision targets small land-holding farmers, addressing their challenges in affording expensive multinational corporation (MNC) products. Given India’s 40 to 60 crore individuals directly tied to farming, especially small-scale farmers, affordability is paramount. Their core mission revolves around providing high-quality products at competitive prices, anticipating farmer needs ahead of the government’s ARKB mission.Company's authorized capital stands at Rs 5000.0 lakhs and has 58.960056% paid-up capital which is Rs 2948.0 lakhs. GSP Crop Science Private Limited last annual general meet (AGM) happened on 28 Sep, 2017. The company last updated its financials on 31 Mar, 2017 as per Ministry of Corporate Affairs (MCA).GSP Crop Science Private Limited is majorly in Manufacturing (Metals & Chemicals, and products thereof) business from last 38 years and currently, company operations are active. Current board members & directors are KENAL VRAJMOHAN SHAH, VRAJMOHAN RAMANLAL SHAH, BHAVESH VRAJMOHAN SHAH and AJIT SINGH GUJRAL. Company is registered in Ahmedabad (Gujarat) Registrar Office.GSP Crop Science Private Limited registered address is 404, LALITA COMPLEX, 352/3, RASALA ROAD, NR JAIN TEMPLE, NAVRANGPURA AHMEDABAD GJ 380009 IN.GSP Crop Science Private Limited is a Non-govt company, incorporated on 12 Feb, 1985. It's a private unlisted company and is classified as'company limited by shares'.    

Rahul vs Himanta in Assam: CM alleges Gandhi of ‘Naxalite tactics’; Congress MP says BJP actions helping Yatra. 5 points

Rahul vs Himanta in Assam: From facing restrictions in the state capital to being stopped from entering the temple, Rahul Gandhi's Bharat Jodo Nyay Yatra is vehement opposition in Assam. Meanwhile, the Wayanad MP continued to lash out at the Assam CM Himanta Biswa Sarma and the BJP at public addresses during the foot march. Recently, Rahul Gandhi reiterated that the Assam government is one of the most corrupt state governments in the country, and said that BJP's attempts to thwart Bharat Jodo Yatra are helping the foot march to gain publicity. His comments have come after the Assam CM asked the DGP to register a case against the Congress leader for "provoking the crowd" to break barricades in the state. Earlier in the day, the Rahul Gandhi-led Bharat Jodo Nyay Yatra was stopped from entering Guwahati on Tuesday, triggering protests from Congress workers who broke barricades and raised slogans. Amid the high-voltage drama unfolding in Assam due to the Bharat Jodo Nyay Yatra, here are all the updates on the Rahul Gandhi-led foot march. Whatever the Assam CM is doing against the Yatra, it benefits the Yatra. The publicity that we might have not got, by doing this the Assam CM & Union Home Minister Amit Shah are helping us.   Now, the main issue in Assam is the Yatra. It is their intimidation tactics, our message of Nyay is reaching the people," said Rahul Gandhi on Tuesday while commenting on the restrictions imposed on his foot march in Assam. Touching important issues like unemployment, corruption, and inflation in Assam, Congress leader Rahul Gandhi called CM Himanta Biswa Sarma one of the most corrupt chief ministers in the country.Earlier in the day, Assam CM instructed the Director General of Police (DGP) to file a case against former Congress chief Rahul Gandhi for "provoking the crowd" to break barricades, and called their actions "Naxalite tactics". Earlier in the day, Rahul Gandhi-led Bharat Jodo Nyay Yatra was stopped from entering Guwahati. Heavy police force and barricades were placed in the main areas of the city. The restriction triggered massive protests from Congress workers who broke barricades and raised slogans. “We have broken barricades, but will not break the law," said Rahul Gandhi while addressing his party supporters on the outskirts of the city. A student interaction with Rahul Gandhi at the University of Science and Technology, Meghalaya, (USTM) located in Meghalaya's Ri Bhoi district, bordering Assam, was stopped on the instructions of Union Home Minister Amit Shah, claimed the Congress leader. 

India’s Republic Day invite to Afghanistan Taliban envoy Badruddin Haqqani is ‘routine’: Report

The Indian Embassy in the UAE has invited Taliban envoy Badruddin Haqqani for Republic Day celebrations. He represents Afghanistan in Abu Dhabi. This gesture sparked significant debate. Critics argue that it indicates India's acceptance of the Taliban. However, Indian officials label it as a standard diplomatic procedure, as per The Hindu.Badruddin Haqqani, previously associated with the Haqqani network, is a contentious figure. This network orchestrated attacks on Indian missions in Afghanistan. The most notable was the 2008 Kabul Embassy bombing. It claimed 58 lives, including Indian diplomats and security personnel. The invitation for “His Excellency Badruddin Haqqani" has caused a stir in diplomatic circles.  Afghanistan's Ambassador to Sri Lanka, Ashraf Haidari, expressed disappointment. “This is utterly against Afghans’ basic expectation of India as an emerging democratic power to protect and defend Afghans’ human rights and to support their growing resistance against the same terrorists who bombed the Indian Embassy in Kabul and killed and wounded many Indian citizens," The Hindu quoted Haidari as saying.Afghanistan's Ambassador to Sri Lanka, Ashraf Haidari, expressed disappointment. “This is utterly against Afghans’ basic expectation of India as an emerging democratic power to protect and defend Afghans’ human rights and to support their growing resistance against the same terrorists who bombed the Indian Embassy in Kabul and killed and wounded many Indian citizens," The Hindu quoted Haidari as saying. Globally, no country officially recognises the Taliban regime. However, several nations, including Russia, China and Central Asian states, have accredited Taliban representatives. In December 2023, China even accepted a Taliban-appointed ambassador, a first among nations. The Taliban's appointment of Badruddin Haqqani as envoy was seen as a significant development by their Acting Foreign Ministry. This appointment indicates expectations of strengthened ties between the UAE and the Taliban. The UAE recognised the Taliban during its initial rule from 1996 to 2001. While India has not officially reacted, The Hindu cited official sources to report that it was a “routine" invitation. The invite was extended to all diplomatic missions in the UAE, barring Pakistan, as per the sources. Sources have also revealed to the publication that the Afghan Embassy in Abu Dhabi still displays the Republic's tricolour. This contrasts with the Taliban's black and white flag. The Indian Embassy in New Delhi, reopened by Afghan Consuls linked with the Taliban, also retains the flag of the “Islamic Republic of Afghanistan", the publication added.  

Modi shifts political agenda, failed to protect borders from China: Tharoor

Congress Working Committee member and MP Shashi Tharoor on Sunday accused Prime Minister Narendra Modi of shifting the political agenda every election year and alleged that the BJP-government at the Centre was unable to protect the nation's borders from Chinese encroachment.The hard hitting accusations from the MP from Thiruvananthapuram came on the eve of the Ram Temple consecration ceremony at Ayodhya on Monday. Tharoor said that Modi contested and won in the 2014 Lok Sabha polls in the name of development and in 2019 in the name of national security by ordering surgical strikes on Pakistan.But now he cannot talk of development, following the problems caused to the public due to demonetisation nor can he raise the issue of national security as the government was unable to take back territory occupied by China, Tharoor claimed."So this time round, the only thing they have is their original cause -- Hindu Hriday Samrat. There is no doubt that would be their propaganda," he said. He further contended that the BJP's agenda was always politics."On January 22 the PM will officiate the ceremony at Ayodhya, then in February he will inaugurate a temple in Abu Dhabi and then elections will be announced. That is what I believe and I have said so earlier too," he told reporters.Tharoor said that the Congress plans to point out to the people the problems they are facing daily like scarcity of jobs, price rise and will ask them whether they have benefitted from the development claimed by the Central government. On being asked by reporters about the Congress leadership declining the invite to attend the consecration ceremony at Ayodhya, Tharoor said that the party felt it was a political programme.The MP from Thiruvananthapuram said that the party has always shown respect for religious beliefs of every individual."Each of us have our own religious beliefs and act accordingly. As a party, the stand is very clear. The Prime Minister is officiating what has become a very political exercise and we do not believe that is a good thing," he said.Asked whether he plans to offer prayers at a temple tomorrow on the occasion of the Ram Temple consecration ceremony, Tharoor said, "I go to the temple to pray and not to play politics." He said people's faith and religious beliefs were a personal issue and he does not find fault with that. The Congress MP also found fault with the Central government closing the All India Institute of Medical Sciences (AIIMS) in Delhi on January 22 till 2.30 pm saying it would affect the large number of patients always waiting outside it for getting admitted or those requiring urgent medical aid."The government should withdraw the order. No hospital should be closed down. If people want to pray or watch the event on TV, that option is always available to them," he said.Meanwhile, AIIMS in Delhi has decided to remain open on Monday, reversing its earlier decision to shut OPD services till 2:30 pm on the occasion of the consecration ceremony at the Ayodhya Ram temple.The Ram temple complex, built in the traditional Nagara style, will be 380 feet in length (east-west direction), 250 feet in width and 161 feet in height.  

What's Trending Globally

Asia

News 2298

Australia/New-Zealand

News 38

Canada

News 14

China

News 39

Europe

News 30

Gulf

News 11

India

News 3070

Pakistan

News 16

Russia

News 16

United Kingdom

News 39

United States

News 114

World

News 76

Ayodhya Ram Mandir Inauguration Live Updates: Ram Temple lit up on eve of Pran Pratishtha; Aarti performed at Saryu Ghat

Ayodhya Ram Mandir Inauguration Live Updates: Prime Minister Narendra Modi on Sunday reached Dhanushkodi. He visited Arichalmunai, which is said to be the place from where the Ram Setu was built. The PM also performed pooja at Sri Kothandarama Swamy temple. 'Kothandarama' means Rama with the bow. According to popular belief, it was at this place that Ravana's brother Vibhishana first met Lord Ram and sought refuge. According to legends and ancient scriptures, this is also the place where Lord Ram conducted the coronation of Vibhishana. The PM will later wind up his 3-day tour of Tamil Nadu, during which he inaugurated the Khelo India Games 2023 in Chennai on Friday. On Saturday, he visited the Sri Ranganathaswamy and Arulmigu Ramanathaswamy temples in Srirangam and Rameswaram, respectively. Stay with TOI for all live updates. On the eve of pranpratishtha ceremony of Ayodhya Ram Temple, the words 'Jai Sri Ram' illuminates a parade ground in Dehradun. Jewellers come up with new collections to commemorate Ram temple consecrationSeveral jewellery retailers have joined the bandwagon of the Ram Temple consecration, unveiling new collections with temple-style motifs and imagery of Lord Ram.Senco Gold & Diamonds has launched its 'SiyaRam' collection, while Kalyan Jewellers introduced 'Nimah', a heritage jewellery line-up, company officials said. "The atmosphere of devotion to Lord Ram is palpable everywhere in anticipation of the Ram Mandir inauguration,” said Suvankar Sen, MD & CEO of Senco Gold & Diamonds.TTD chairman hands over laddus to Ram temple representative in AyodhyaTirumala Tirupati Devasthanams (TTD) chairman B Karunakara Reddy, who is currently in Ayodhya to participate in the consecration of the Lord Ram temple, handed over laddus from the temple body to a representative of the Ram Mandir Trust on Sunday.The TTD, the official custodian of Sri Venkateswara temple in Tirupati, agreed to supply one lakh laddus for the Ayodhya Ram temple's consecration on Monday.Weighing 25 grams each, the laddus are meant for distribution among visitors during the consecration. They were dispatched in 350 boxes on a cargo plane to Ayodhya from Tirupati Airport recently.Union finance minister Nirmala Sitharaman reacted strongly on Sunday to a report in a Tamil newspaper that the Tamil Nadu government had banned special poojas in temples in the state managed by the Hindu Religious & Charitable Endowments department during the consecration of the Ram temple in Ayodhya on Monday. HR and CE minister P K Sekar Babu, who is attending the DMK youth conference in Salem, told TOI, “There is no such action.”Actors Kangana Ranaut, Shefali Shah, Pawan Kalyan, and Randeep Hooda were among the Indian cinema personalities who arrived in Ayodhya ahead of the grand Ram temple consecration ceremony.Veteran star Rajinikanth and music composer Shankar Mahadevan, who are also part of the event's guest list, were spotted at the Lucknow airport on Sunday as they left for the temple town. While about 8,000 people are in the long list of invitees for Monday's ceremony, the select list features 506 A-listers, including prominent politicians, leading industrialists, top film stars, sportspersons, diplomats, judges and high priests.Indian community in Taiwan celebrates the pranpratishtha of Ram temple in Ayodhya that will be held tomorrow, 22nd January 2024. Two events were organized on the eve of the occasion - one by the Indian diaspora in Taiwan and another by Isckon Taiwan.Actor Randeep Hooda along with his wife Lin Laishram arrives at the Lucknow airport to attend the Ram temple 'Pran Pratishtha' ceremony in Ayodhya tomorrowHe says, "We are very excited and looking forward to being present there and getting the blessings of Lord Ram. It is not just a religious event, it is also a cultural and heritage event..."Two Arogya Maitri Disaster Management Cube-BHISHM, revolutionary mobile hospitals equipped with cutting-edge technology, have been deployed in Ayodhya to bolster medical readiness and response capabilities during the upcoming 'Pran Pratishtha' ceremony. This cube is a part of the broader initiative named “Project BHISHM” – Bharat Health Initiative for Sahyog, Hita and Maitri, is tailored to treat up to 200 casualties, emphasizing rapid response and comprehensive care. The Aid Cube is equipped with several innovative tools designed to enhance disaster response and medical support during emergencies. It integrates Artificial Intelligence (AI) and data analytics to facilitate effective coordination, real-time monitoring, and efficient management of medical services in the field: Ministry of Information & Broadcasting.    

Today in Politics: PM Modi to inaugurate Boeing campus in Bengaluru, caste census to begin in Andhra Pradesh

Plus, Andhra CM Jagan Mohan Reddy will unveil a 125-foot Ambedkar statue in Vijayawada, and Karnataka Congress’s Lok Sabha election committee to meet in Bengaluru.Prime Minister Narendra Modi is all set for a whirlwind tour of three states on Friday. Making his second visit to Maharashtra in as many weeks, the PM will inaugurate and lay the foundation stone of multiple development projects in Solapur around 10.45 am. In this week’s State Watch column, Shubhangi Khapre attempts to decipher the political signals from the PM’s Maharashtra focus. The PM will then travel to Bengaluru, where at around 2.45 am he will inaugurate a new state-of-the-art Boeing India Engineering and Technology Centre (BIETC) campus. According to the Prime Minister’s Office (PMO), the 43-acre campus has been built for Rs. 1,600 crore and is Boeing’s largest such investment outside the US. Modi will also launch the Boeing Sukanya Programme that aims to support the entry of more girl children into the country’s growing aviation sector. The programme will create STEM Labs at 150 planned locations to help spark interest in STEM careers, according to the PMO. The government said at the time that it had committed to allocating Rs 15,000 crore annually for the welfare of the backward classes and would be able to direct resources to communities that need them the most if the population of each backward class group was known. In context: Last April, Jagan Mohan Reddy forwarded to the Central government an Assembly resolution asking it to simultaneously conduct caste census and population census but learnt that it would not happen anytime soon. The state government then decided to go ahead with the BC caste census to comprehensively enumerate backward classes region-wise, profession-wise, and under other parameters such as socio-economic status. Meanwhile, on Friday evening Jagan Reddy will unveil a 125-foot statue of Dr B R Ambedkar in Vijayawada. The statue, constructed for an estimated Rs 404 crore, stands on an 81-foot pedestal, making it a 206-foot monument. At a time when some of the major players in the INDIA alliance of Opposition parties are pushing for a nationwide caste census in an attempt to find an ideological counter-narrative to the BJP’s Hindutva politics, the Andhra Pradesh government led by YSR Congress Party (YSRCP) of Y S Jagan Mohan Reddy is all set to begin a comprehensive caste census on Friday to enumerate all castes in the state.Initially, the scope of the exercise was limited to enumerating the 139 Backward Class (BC) communities but now it has been expanded to cover all castes in the state. To conduct the exercise, the government will extensively deploy the village secretariat system along with the volunteer system. The PM will then travel to Bengaluru, where at around 2.45 am he will inaugurate a new state-of-the-art Boeing India Engineering and Technology Centre (BIETC) campus. According to the Prime Minister’s Office (PMO), the 43-acre campus has been built for Rs. 1,600 crore and is Boeing’s largest such investment outside the US. Modi will also launch the Boeing Sukanya Programme that aims to support the entry of more girl children into the country’s growing aviation sector. The programme will create STEM Labs at 150 planned locations to help spark interest in STEM careers, according to the PMO. Deputy CM and state Congress president D K Shivakumar has said former BJP leaders Jagadish Shettar and Laxman Savadi who joined the party from the BJP before last year’s Assembly elections have also been invited to the meeting. Ministers in charge of districts have collected opinions from the areas under their jurisdiction and all that will be discussed at the meeting, according to Shivakumar.  

In Karnataka, Congress govt fights shy of Dalit sub-quota poll pledge, puts ball in Centre’s court

Siddaramaiah Cabinet decides to urge the Centre to amend the Constitution by inserting a provision under Article 341 – Article 341(3) – to allow states to provide internal reservations Despite promising in its manifesto that it would implement the Justice A J Sadashiva Commission report to provide for internal reservations for the Scheduled Castes (SCs) in Karnataka, the Congress dispensation in the state has now put the ball over the issue in the court of the BJP-ruled Centre.This was decided by the Congress Cabinet led by Chief Minister Siddaramaiah at a meeting here on Thursday, following which the government said that the implementation of the Dalit sub-quotas would be only possible if the Central government ensures the amendment of Article 341 of the Constitution. “Parliament is the only authority (on the SC internal reservation issue). State government has no role – it is only a recommendatory body,” Social Welfare Minister H C Mahadevappa said. The state government will compile a list of all recommendations made regarding Dalit sub-quotas and submit them to the Centre, he said.The Congress had made a pledge ahead of the May 2023 Assembly polls that it would accept the Sadashiva panel report soon after coming to power. However, the Minister claimed Thursday that it could not be done as the erstwhile Basavaraj Bommai-led BJP government had rejected the panel’s report. “After the Congress announced (that it would accept the Sadashiva panel’s report), the BJP government, in a hurry, formed a Cabinet sub-committee under Law Minister and recommended SC internal reservations to the Centre. They (also) said that the Sadashiva Commission was irrelevant and closed,” Mahadevappa said.The Bommai government had announced the SC internal reservations in March 2023, days before the Election Commission’s model code of conduct came into force for the polls. The BJP government had then proposed sub-quotas in the 17% SC reservation in the state by splitting it into 6% for the most backward SC (Left) group, 5.5% for the less backward SC (Right), and 4.5% for the SC (touchable) group, with other SC communities getting the remaining 1%. This had triggered protests across the state, especially from the SC (touchable) groups such as Bhovis and Banjaras, who, in the past, were accused of cornering a lion’s share of the Dalit quota.  The SC sub-quotas announced by the BJP government was based on Justice Nagamohan Das Commission’s report, Mahadevappa said. “They announced it without applying any legal mind.”The Nagamohan Das panel was constituted by the then BJP government in October 2019 to look into the demand of hiking SC/ST reservation.The Sadashiva panel was set up in 2005 by the then Congress-JD(S) government to look into the demand for the SC internal reservations, which submitted its report in 2012 to the then BJP government. However, it has not been tabled by the successive governments led by all the three major players – the Congress, BJP and JD(S).  

FIR against Rahul Gandhis Bharat Jodo Nyay Yatra for route deviation in Assam

An FIR has been lodged against the 'Bharat Jodo Nyay Yatra' and its chief organizer KB Byju for reportedly straying from the approved route within Jorhat town, Assam, on Thursday, PTI reported citing police sources. According to an official statement, the march took an unauthorized direction in the town, deviating from the permitted KB Road route, causing a "chaotic situation" in the area. Some people fell due to the sudden rush of people and a stampede-like situation was created. A suo motu FIR has been registered at Jorhat Sadar Police Station against the Yatra and its chief organiser," he added. As per the official, the FIR states that the Yatra failed to adhere to the norms set by the district administration and violated road safety regulations. In response, Leader of the Opposition Debabrata Saikia informed PTI that the FIR is a strategic move aimed at generating unwarranted obstacles for the Yatra. “There was no police manning the traffic diversion at the PWD point. The assigned route was too small and we had a huge gathering. So, we took a detour for just a few metres. Himanta Biswa Sarma is scared of the Yatra's success on the first day (in Assam) and now wants to derail it," he added. Furthermore, Congress' Bharat Jodo Nyaya Yatra reached Assam's Majuli. Party leader Jairam Ramesh said, “No rules have been broken. Assam Chief Minister is making all attempts to stop people from joining the Bharat Jodo Nyaya Yatra. No one can stop this yatra. We are in Assam for the next 7 years. Let them arrest us, we accept the challenge." Meanwhile, Rahul Gandhi in a post on X said, “The Chief Minister of Assam is the most corrupt Chief Minister of India, whose only work is to loot public money under the guise of hatred." The Assam segment of the march is scheduled to persist until January 25, covering a distance of 833 km across 17 districts. The Yatra, under the leadership of the Congress MP, began its journey from Manipur on January 14 and is slated to conclude on March 20 in Mumbai. The overall plan envisions the Yatra traversing a total of 6,713 km over 67 days, encompassing 110 districts in 15 states.  

The history of pre-Independence violence at the Ram Janmabhoomi site

In 1855, when a great rapture took place between the Hindus and Muhammadans, the former occupied Hanuman Garhi in force, while the Musalmans took possession of the Janmasthan.On February 8, 1855, Major General G B Outram of the Awadh Frontier Police wrote to Wajid Ali Shah, the Nawab of Awadh, that there was a strong possibility of a Hindu-Muslim clash in Ayodhya. His fears came true five months later, when a bloody clash on July 28 left 75 members of the Muslim community dead.  In his recent book Tryst With Ayodhya, journalist-turned-BJP leader and former Rajya Sabha MP Balbir Punj quotes Outram’s letter: “It appears that Shah Ghulam Hussein has assembled a large force of Musalmans at the Kotuahain neighbourhood of Faizabad and is intent upon committing some dreadful breach of peace and is determined to destroy and ruin Hanuman Garhi, which is inhabited by Hindus. His Lieut. (asst.) called the Maulvee Sahib is even more diabolically inclined and ready for strife; hence the mendicants and devotees, who are there at the Hanuman Garhi (temple) in defence of their lives, have been obliged to arm themselves. Therefore, the Resident feeling exceedingly anxious on this subject, entreats His Majesty to dispatch a very swift camel messenger with all possible speed, most peremptory orders to cause the immediate apprehension of Ghulam Hussein and his coadjutors.” In its November 2019 judgment granting the Ayodhya title suit to the Hindu side, the Supreme Court too referred to the clash. “The Janmasthan is within a few hundred paces of Hanuman Garhi. In 1855, when a great rapture took place between the Hindus and Muhammadans, the former occupied Hanuman Garhi in force, while the Musalmans took possession of the Janmasthan. The Muhammadans on that occasion actually charged up the steps of the Hanuman Garhi, but were driven back with considerable force. The Hindus then followed up this success, and at the third attempt, took the Janmasthan, at the gate of which 75 Muhammadans are buried in the martyrs’ grave (ganj-e-shahid). Several of the King’s Regiment were looking on all the time, but their orders were not to interfere.” The judgment added: “It is said that up to that time, the Hindus and Muhammadans alike used to worship in the mosque-temple. Since British Rule, a railing has been put up to prevent disputes, within which is the mosque (where) the Muhammadans pray, while outside the fence, the Hindus have raised a platform on which they make their offerings.” Punj argues in his book that even as early as 1751, when the Marathas were on the ascendant, they had appealed to the Nawab of Awadh – whom they had helped vanquish Pathan forces in the Doab region – to transfer control of Ayodhya, Kashi and Mathura to them. In 1756, too, when Nawab Shuja-ud-Daula sought their help against an imminent Afghan invasion, the Marathas requested that the three sites be transferred to them. Punj later writes about another unsuccessful attempt to capture Hanuman Garhi made by one Amir Ali Amethawi, who was killed by British troops.This sparked from an FIR filed by a Mohammad Salim on November 30, 1958, against some Nihang Sikhs, who had installed the Nishan Sahib and performed a havan inside the Babri Masjid, also writing ‘Ram’, says Punj.All this happened against the backdrop of the events of 1857-58, variously called the Sepoy Mutiny or India’s First War of Independence.   

On way to Ayodhya, Ram is omnipresent, jostled by other concerns

There is Ram on flags, stoles, stickers and diyas as west UP gets ready to celebrate consecration; Muslims hold on to "peace", say Babri has nothing to do with them. IT IS almost noon and the winter fog has just begun to lift. From a distance, one can spot an array of saffron flags featuring Lord Ram fluttering at the shop of Joginder Singh. Located in Meerut on the Delhi-Meerut-Baghpat road, the shop also has on sale Diwali diyas, and piles of stickers and stoles with Ayodhya’s Ram Temple as the theme. A solitary Tricolour jostles for space.“Republic Day is coming, but there is greater enthusiasm for the Ram Temple inauguration. A lot of Shri Ram and Rudra Hanuman flags are being bought,” says Singh, 30. He usually sells baby diapers for a living. “But seeing the enthusiasm around Ram Temple, I have started selling these.” An Armyman, posted in Sikkim and at the shop bargaining for a flag, says, “it is all thanks to Baba (Yogi Adityanath)”. “Now we will celebrate January 22 (the day of the consecration of the Ram Temple at Ayodhya) like Diwali.”Across these western UP districts on the way from Delhi to Ayodhya, which have a significant Muslim population and history of communal tension, the excitement over the Ram Temple is palpable but uneven – tempered by caste, by religion, often, just daily pressures. The Indian Express interacted mostly with those born after the Babri Masjid demolition of 1992, unburdened by the weight of that history, their worldview shaped by the new temple narrative. Across the street, Sumit Sharma, a cigarette shop owner, and Sunny — both 30 – are discussing holding a drive to collect money from shopkeepers to decorate the market with lights on January 22. The talk moves on to how “(Prime Minister) Modi has put Muslims in their place”. Have Salman Khan, Shah Rukh Khan or Aamir Khan donated for the temple, they ask. “After three decades, the sacrifice of Hindus is bearing fruition. People are euphoric,” beams Sharma. A Brahmin who loves watching YouTube videos, particularly those of his favourite “Khan sir”, Sharma adds: “Once this market was dominated by Muslims. But after the 1987 riots, they retreated to the main city.” Sunny, who is a Kumhar (an OBC caste), says there are more changes ahead. “You will soon see crowds at Mathura Vrindavan falling by half. Krishna’s time is over, Ram is rising.”Outside the gates of the Meerut Institute of Technology, where students are waiting in biting cold to appear for their exams, this euphoria is more nuanced. “I am not interested in politics,” says Jai Dwivedi, when asked about the Ram Temple. “Though it is okay, there should be more focus on education and healthcare. There is not one good government hospital one can go to. People sell their land to get their loved ones treated.”   

Lost in his esoteric world of thesaurus...: Scindia takes aim at Shashi Tharoor in airport chaos spat

Union Aviation Minister Jyotiraditya Scindia responded to Congress MP Shashi Tharoor's criticism of the Delhi Airport's handling during the winter fog season. In a series of posts, Scindia provided a detailed rebuttal, highlighting the government's proactive measures and the technical complexities in aviation operations. Tharoor had criticised the aviation ministry in his posts, using various media reports to emphasise the airport chaos.Scindia, taking a dig at Tharoor, remarked, "it is for someone who is lost in his esoteric world of thesaurus that data mining of selective press articles from the internet qualifies as research." He addressed Tharoor's concerns about the recent chaos at Delhi Airport, emphasising the critical importance of runway maintenance for passenger safety. Here are some actual facts for arm-chair critic Shashi Tharoor and the Cong IT Cell that might help tackle their lack of depth in understanding of technical sectors like civil aviation,” Scindia added.Scindia acknowledged that unforeseen pollution incidents and the enforcement of GRAP-IV in Delhi led to a delay in runway recarpeting, pushing its commissioning by a month.Responding to Tharoor's portrayal of the recent chaos as a "Modi govt-made disaster," Scindia clarified that runway maintenance work is a critical safety element, and any compromise with runway conditions directly jeopardises passenger safety. He explained that the maintenance was prioritised to be completed by December 15 before the onset of the fog season. However, due to pollution incidents and GRAP-IV enforcement, the recarpeting got delayed, and the revamped runway is set to become operatio this week. Tharoor had questioned the timing of runway repair, and Scindia clarified that maintenance work was essential for safety and was scheduled with priority. He addressed Tharoor's concern about a crane blocking CAT III-B operation, stating that it was used for another project and would now operate only on non-fog days. Scindia refuted Tharoor's claim about insufficiently trained pilots, presenting data that showed a significant increase in trained pilots over the years.The aviation minister concluded by mentioning that the DGCA mandates airlines to deploy CAT IIIB compliant aircraft only with qualified crews during the winter season. Any violations are strictly dealt with by the regulator, with show cause notices issued to SpiceJet and Air India.    

After Gurpatwant Singh Pannuns threat, Bhagwant Mann says won let anti-Punjab forces succeed

A day after Gurpatwant Singh Pannun, designated terrorist by India, issued a veiled threat to him and the Punjab police chief, Chief Minister Bhagwant Mann on Wednesday said he is the custodian of peace and prosperity of the state and such intimidation tactics cannot stop him from this task. Speaking on the sidelines of a function to hand over job letters to youths, the chief minister said such threats are a natural outcome of the zero-tolerance policy adopted by his government against anti-Punjab forces and efforts are on to bring back criminals involved in anti-national activities from safe havens abroad to punish them.These people are trying to disturb the hard-earned peace of the state but his government will not allow these forces to succeed in their evil designs, he asserted."The masterminds of such anti-Punjab stances have taken shelter in countries abroad but we are trying to bring them back and punish them for their sins," he said.Mann said that being a border state, there are challenges both from within and outside the state but they will face them valiantly by not succumbing to such threats. The countries that are safe haven to such dreaded criminals should also send these hardcore criminals back to the state in the larger interest of world peace, said Mann.The countries that are safe haven to such dreaded criminals should also send these hardcore criminals back to the state in the larger interest of world peace, said Mann.The Indian government should also take steps to bring such dreaded anti-national criminals back to the country and punish them as per the law of the land, said the CM.Khalistani terrorist Pannun had asked gangsters in the state to join the banned outfit Sikhs For Justice and stop top political leaders from attending the Republic Day parade.Pannun was designated as terrorist by the Union home ministry under the anti-terror law Unlawful Activities (Prevention) Act and Sikh for Justice banned in 2020.CM Mann also took a swipe at Congress leader Navjot Singh Sidhu for targeting his government over the state debt issue.Mann dubbed the former cricketer as a "fugitive" saying he ran away from discharging his duty when he was offered the charge of Power minister."When he (Sidhu) was the minister, he did not do anything and when he was given the power department, he did not take it," said Mann.    

Karnataka: DK Shivakumar backs Yathindra in attempt to quell rumours of internal rift

The statement had added fresh sparks in the ever-present leadership tensions in the state’s Congress regime. “The polls will be held under the leadership of Siddaramaiah. In that election too, if we win the maximum number of seats, we will get moral support… By showing your support in the Lok Sabha polls, you should strengthen his hand,” the former MLA had said.Deputy chief minister DK Shivakumar on Wednesday said that there was no need to twist chief minister Siddaramaiah’s son Yathindra’s words, in a bid to smooth things over, a day after the latter claimed that a good show by the Congress in the Lok Sabha elections would ensure his father remained in office for a full term.Refuting rumours of a rift, the deputy CM backed Yathindra, calling him a responsible leader, and claimed Yathindra’s words were about seeking strength and power from the people. “Our government will be strong for five years. Siddaramaiah is our Chief Minister now and I am the President of the State Congress, both of us will fight the upcoming elections together,” he said. The BJP, he added, should fix its own internal power struggles before fixating on other parties.Rumours about the leadership tussle between the CM and his deputy have abounded ever since the Congress won the assembly polls in May last year. There were speculations that Siddaramaiah was not going to complete a full term in office and was going to cede his chair to Shivakumar after the upcoming Lok Sabha polls. While the Congress party has not officially said so, the rumours have persisted well past the government’s half-year mark.Step into a realm of unmatched home appliance excellence with this comprehensive guide to the branded deals during the Amazon Great Republic Day Sale! Dive into a world of exclusive discounts on premium TVs, washing machines, ACs, and refrigerators from industry leaders such as Sony, Samsung, LG, Haier, IFB, and Godrej. Unveil an immersive home entertainment experience with the Redmi (32) F Series, priced at just Rs 10,999 at the Amazon Sale. This HD Ready TV offers a 60Hz refresh rate, 178-degree viewing angle, and a metal bezel-less screen for captivating visuals. Its connectivity features include Dual Band Wi-Fi, 2 HDMI ports, 2 USB ports, Bluetooth 5.0, and more. With 20 Watts Output, Dolby Audio, and DTS Virtual: X, you can enjoy a powerful audio experience. This smart TV integrates Fire TV, supports popular apps, and features a voice remote with Alexa. Overall, this is one of the best deals at the Amazon Sale.