Richest Indian Mukesh Ambani has 186 Billion Richest Man on Earth Bill

first_imgMukesh Ambani, the chairman of India’s Reliance Industries has emerged as the richest Indian with a net worth of $18.6 billion, according to the latest annual list of the world’s richest people by Forbes magazine.Ambani is followed by ArcelorMittal’s Lakhmi Mittal with a net worth of $16.7 billion. In global rankings, however, Ambani stands at 40th position, while Mittal ranks 52.The latest list includes a record of 1,645 billionaires with a total net worth of $6.4 trillion up from 1,426, according to a report by Reuters.Bill Gates has returned to the top on the list of the world’s richest people, with a net worth of $76 billion. The Microsoft Corporation co-founder reclaimed the top spot after four-years break, toppling Mexico’s telecommunications mogul Carlos Slim Helu, who has emerged as the second richest man on Earth this time, with $72 billion.Amancio Ortega, the Spanish founder of clothing conglomerate Inditex SA, which also includes the Zara fashion chain, came to the third place with $64 billion.On the fourth place is Warren Buffett, who runs Berkshire Hathaway Inc, and has close partnership with Gates. He had the net worth of $58.2 billion.Oracle Corp’s chief Larry Ellison managed to grab the fifth spot at $48 billion.From among the list of the billionaires, just over 10 percent were female, with 172 women compared with 138 a year earlier.The richest Woman on Earth is Walmart Stores Inc heiress Chrity Walton, and is in the ninth place, overall with $36.7 billion.Next among the woman billionaires’ is France’s Liliane Bettencourt, who earned much from her cosmetics company, L’Oreal SA. She has $34.5 billion and finds position 11 on the list.Google’s founders Larry Page and Sergey Brin are in 17th and 19th position with $32.3 billion and $31.8 billion respectively, while Amazon’s Jeff Bezos stood between them at $32 billion.Facebook founder Mark Zuckerberg, 29, managed to stand at 21st position with $28.5 billion.last_img read more

Xiaomi Redmi Y3 undergoes durability test ahead of launch in India

first_imgHaving launched Redmi Note 7 and Redmi Go series, Xiaomi is all geared up for the new budget phone Redmi Y3 and in a bid to gain eyeballs ahead of the official debut, the company has come out with a durability test video of the upcoming device.In the teaser clip, Xiaomi’s Redmi Y3 is thrown into a dustbin and the top is plastered with the device inside. It is made to tumble down the stairs multiple times and we can see the phone getting hit at multiple points including the display, but in the end, there is not even a scratch anywhere on the phone. Xiaomi Redmi Y3’s shell teased on TwitterRedmi India/Twitter (screen-grab)In the process, Xiaomi has officially revealed the design language front and back. It sports a dot-notch display and on the rear side, it features a vertically aligned dual-camera in the top left corner and a fingerprint sensor upper middle in the centre.It also flaunts glossy blue-hued shell with gradient finish, as it reflects multiple colours when viewed in different angles. Going by the video, I believe the Redmi Y3 features a polycarbonate-based cover with an extra layer of either glass or transparent plastic on top, which is found in rival brands in the sub-Rs 20,000 price range. Is Redmi Note 7 the new-age Nokia 3310? Closecenter_img Xiaomi is all set to launch the new Redmi Y3 in India next weekRedmi India/Twitter (screen-grab)It can be noted that previous generation Redmi Y series has been priced under Rs 12,000 and I expect the upcoming the Redmi Y3 to come with a similar price tag if not less depending on RAM+Storage configuration.So far, the company has confirmed to boast 32MP selfie camera, 4,000mAh battery, dot-notch display with most probably HD+ resolution and 2Pi water splash resistant coating similar to the Redmi Note 7 series. On the back, it is said to sport a dual-camera and a fingerprint sensor.There. Dropped it down the stairs. Will you drop your phone like that? #32MPSuperSelfie coming on 24-04-2019 pic.twitter.com/b998mk8JRS— Redmi India (@RedmiIndia) April 20, 2019Xiaomi Redmi Y3 undergoes durability test ahead of launch in IndiaRedmi India/TwitterThe Redmi Y2 (review) successor will most probably run Android Pie-based MIUI 10 OS and come in 3GB RAM + 32GB storage and 4GB RAM+ 64GB storage variants.last_img read more

ECB president Mario Draghi extends QE programme until March 2017

first_img The European Central Bank has decided against an increase in the pace of the asset purchase programme, Mario Draghi announced at a press conference on 3 December.Although the ECB will keep its asset purchasing programme at €60bn (£43bn, $65bn) a month, it has extended it by six months. The quantitative easing package will now run until at least March 2017. Let me make this clear. We are doing more, because it works, not because it fails, the ECB president told reporters.As expected, the deposit interest rate was decreased by the policy makers from -0.2% to -0.3%, while the main refinancing rate will remain unchanged at 0.05%. The monetary decisions are aimed at boosting the Eurozone economy and lifting the inflation rate.Mario Draghi has bought the Eurozone precious time by extending the ECBs €60 billion-a-month bond-buying programme until March 2017, Institute of Directors chief economist James Sproule commented. This is a stimulus package which the block clearly needs. On its own, however, money from the central bank will do little to address the Eurozones underlying rigidity which has led to its chronic growth problems.No expansion to QE. So much for the ECB going over and above expectations. Had a feeling he had set the bar too high. EURUSD rallying again— Joshua Mahony (@JMahony_IG) December 3, 2015Oh dear! If QE not working now, extending wont help now.— Mike van Dulken (@Accendo_Mike) December 3, 2015ECB action – less than expected – good for UK exports 72 cents to the £ – 70 cents to £ this morning— David Buik (@truemagic68) December 3, 2015 More to follow…. Closelast_img read more

Sensex Nifty close down over 1 on profit booking Infosys hits 52week

first_imgIndian stock markets opened the last trading week of the current financial year on a negative note Monday. Both the benchmark indices, the S&P BSE Sensex and the NSE Nifty, dropped by about 1.5 percent on profit-booking by investors ahead of the F&O expiry March 31. The Sensex lost 371 points, or 1.46 percent, to close at 24,966, while the Nifty ended at 7,615, a decline of 101 points, or 1.31 percent. The biggest Sensex loser was Tata Steel (down 5.23 percent), followed by State Bank of India, Sun Pharma, ICICI Bank and Tata Motors. State Bank of India closed with a loss of 4.24 percent at Rs 188.45 after having rallied almost 19 percent in the past one month.Stocks that lifted the Sensex included NTPC, GAIL (India) and Bajaj Auto.Though Infosys ended the day with a loss, it touched a 52-week high of Rs 1,234 during the day. Other stocks that touched a 52-week high on the BSE included Ashok Leyland, TVS Motor and Bajaj Finance.Other major losers on the BSE were Natco Pharma, Titagarh Wagons, Vedanta, Hindalco, DLF and Titan. Major gainers outside the Sensex included GVK Power Infra, Sundaram Fasteners, BASF India, Biocon and TTK Prestige. GVK Power closed the day with a gain of 6.43 percent on news that the company has divested its stake in Bangalore International Airport Limited to Fairfax Group for Rs 2,149 crore.On the Nifty, sectoral indices that dropped included bank, auto, realty, infra, pharma and commodities.last_img read more

Breakin attempt at IAFs Rafale jet facility in Paris

first_imgRafale fighter aircraft.Reuters file [Representational Image]A break-in attempt was made by a group of individuals at the Indian Air Force’s Rafale fighter jet facility in Paris on Sunday.According to reports, the break-in attempt was conducted by a group of unidentified individuals at the building of the Project Management Team of Rafale in St Cloud suburb of Paris. The Rafale office of the Indian team is in the same area as the French Dassault Aviation, who is the manufacturer of the fighter jets.An Indian team headed by a Group Captain rank officer is in France to oversee the 36 Rafale fighter jet production as well as training of Indian personnel, reports ANI.The investigation agencies suspect this break-in to be an attempt to steal data about the aircraft, which can be crucial for India’s security. And nothing more valuable than the data can be stolen from the facility as no other valuables or money was kept inside the building complex. However, no hard drives or documents have been reported to be stolen or missing from the building.The Defence Ministry has been briefed about the incident by the IAF and the French authorities are investigating over the case.last_img read more

Bombay Stock Exchange may sell about 30 stake by March 2017

first_imgThe Bombay Stock Exchange (BSE) has decided to sell up to 30 percent stake before the end of the current financial year through the offer-for-sale route. Besides, a fresh issue of shares is also on the cards, Asia’s oldest stock exchange informed its shareholders on Tuesday. The BSE hopes to raise about Rs. 1,300 crore from the stake sale. On June 24, it will hold shareholders’ general meeting to seek their approval, seen as taking the exchange a step closer to listing, Mint reports. “A combination of an offer for sale (OFS) and fresh issues, for upto a minimum of 30 percent of the post-issue issued equity share capital of the company, subject to regulatory requirement would be considered at the AGM,” read a notice sent to shareholders.Two months ago, BSE received an in-principal approval from capital markets regulator Securities and Exchange Board of India (SEBI) for its IPO, Business Standard had reported.”This marks the clear intent of the exchanges to list and provide the shareholders an exit opportunity. The exchange is taking the right steps at the right time to proceed with listing,” Rahul Mehta, an investor in BSE, was quoted as saying by Mint.The Mumbai-based stock exchange’s issued capital is about 10.9 crore shares. At Rs. 400 apiece, the exchange would be valued at Rs. 4,367.05 crore, the publication added.[1 lakh = 100,000 | 1 crore = 10 million | 100 crore = 1 billion]last_img read more

Theresa May tells Conservatives its time to embrace a new centre ground

first_img Theresa May tells Conservatives its time to embrace a new centre ground Close IBTimes VideoRelated VideosMore videos Play VideoPlayMute0:00/0:00Loaded: 0%0:00Progress: 0%Stream TypeLIVE0:00?Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio TrackFullscreenThis is a modal window.The media could not be loaded, either because the server or network failed or because the format is not supported.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window. COPY LINKAD Loading …center_img Theresa May closed the Conservative conference in Birmingham today (5 October) with a pitch to put the party in the centre ground of British politics.The Tory premier claimed Labour had abandoned the moderate position, while arguing that her government would step up and engineer an economy that works for everybody. Notably, May branded Labour as the nasty party, a slogan once used against the Conservatives.When we came to Birmingham this week, some big questions were hanging in the air.Do we have a plan for Brexit? We do.Are we ready for the effort it will take to see it through? We are.Can Boris Johnson stay on message for a full four days? Just about.But I know theres another big question people want me to answer.Whats my vision for Britain? My philosophy? My approach?Today I want to answer that question very directly.I want to set out my vision for Britain after Brexit.I want to lay out my approach – the things I believe.I want to explain what a country that works for everyone means.I want to set our party and our country on the path towards the new centre ground of British politics…built on the values of fairness and opportunity…where everyone plays by the same rules and where every single person – regardless of their background, or that of their parents – is given the chance to be all they want to be.And as I do so, I want to be clear about something else: that a vision is nothing without the determination to see it through.No vision ever built a business by itself. No vision ever clothed a family or fed a hungry child. No vision ever changed a country on its own.You need to put the hours in and the effort too.But if you do, great things can happen. Great changes can occur.And be in no doubt, thats what Britain needs today.Because in June people voted for change. And a change is going to come.BRITAINS QUIET REVOLUTIONChange has got to come because as we leave the European Union and take control of our own destiny, the task of tackling some of Britains long-standing challenges – like how to train enough people to do the jobs of the future – becomes ever more urgent.But change has got to come too because of the quiet revolution that took place in our country just three months ago – a revolution in which millions of our fellow citizens stood up and said they were not prepared to be ignored anymore.Because this is a turning point for our country.A once-in-a-generation chance to change the direction of our nation for good.To step back and ask ourselves what kind of country we want to be.Lets be clear: we have come a long way over the past six years.Weve brought the deficit down.Got more people into work than ever before.Taken the lowest paid out of income tax.Established a new National Living Wage.Helped nearly a million new business to set up and grow.Got almost one and a half million more children into good or outstanding schools.Put record investment into the NHS.Created nearly 3 million new apprenticeships.And brought crime down by more than a quarter to its lowest ever level.Thats a record of which we should all be proud.And this morning its right that we pause to say thank you to the man who made that possible. A man who challenged us to change and told us that if we did then we would win again.And he was right. We did change. We did win. The first majority Conservative Government in almost 25 years.A great leader of our party – a great servant to our country.David Cameron, thank you.But now we need to change again. For the referendum was not just a vote to withdraw from the EU. It was about something broader – something that the European Union had come to represent.It was about a sense – deep, profound and lets face it often justified – that many people have today that the world works well for a privileged few, but not for them.It was a vote not just to change Britains relationship with the European Union, but to call for a change in the way our country works – and the people for whom it works – forever.Knock on almost any door in almost any part of the country, and you will find the roots of the revolution laid bare.Our society should work for everyone, but if you cant afford to get onto the property ladder, or your child is stuck in a bad school, it doesnt feel like its working for you.Our economy should work for everyone, but if your pay has stagnated for several years in a row and fixed items of spending keep going up, it doesnt feel like its working for you.Our democracy should work for everyone, but if youve been trying to say things need to change for years and your complaints fall on deaf ears, it doesnt feel like its working for you.And the roots of the revolution run deep. Because it wasnt the wealthy who made the biggest sacrifices after the financial crash, but ordinary, working class families.And if youre one of those people who lost their job, who stayed in work but on reduced hours, took a pay cut as household bills rocketed, or – and I know a lot of people dont like to admit this – someone who finds themselves out of work or on lower wages because of low-skilled immigration, life simply doesnt seem fair.It feels like your dreams have been sacrificed in the service of others.So change has got to come.Because if we dont respond – if we dont take this opportunity to deliver the change people want – resentments will grow. Divisions will become entrenched.And that would be a disaster for Britain.Because the lesson of Britain is that we are a country built on the bonds of family, community, citizenship.Of strong institutions and a strong society.The country of my parents who instilled in me a sense of public service and of public servants everywhere who want to give something back.The parent who works hard all week but takes time out to coach the kids football team at the weekend.The local family business in my constituency thats been serving the community for more than 50 years.The servicemen and women I met last week who wear their uniform proudly at home and serve our nation with honour abroad.A country of decency, fairness and quiet resolve.And a successful country – small in size but large in stature – that with less than 1% of the worlds population boasts more Nobel Laureates than any country outside the United States… with three more added again just yesterday – two of whom worked here in this great city.A country that boasts three of the top ten universities in the world. The worlds leading financial capital. And institutions like the NHS and BBC whose reputations echo in some of the farthest corners of the globe.All possible because we are one United Kingdom – England, Scotland, Wales and Northern Ireland – and I will always fight to preserve our proud, historic Union and will never let divisive nationalists drive us apart.Yet within our society today, we see division and unfairness all around. Between a more prosperous older generation and a struggling younger generation. Between the wealth of London and the rest of the country.But perhaps most of all, between the rich, the successful and the powerful – and their fellow citizens.Now dont get me wrong. We applaud success. We want people to get on.But we also value something else: the spirit of citizenship.That spirit that means you respect the bonds and obligations that make our society work. That means a commitment to the men and women who live around you, who work for you, who buy the goods and services you sell.That spirit that means recognising the social contract that says you train up local young people before you take on cheap labour from overseas.That spirit that means you do as others do, and pay your fair share of tax.But today, too many people in positions of power behave as though they have more in common with international elites than with the people down the road, the people they employ, the people they pass in the street.But if you believe youre a citizen of the world, youre a citizen of nowhere. You dont understand what the very word citizenship means.So if youre a boss who earns a fortune but doesnt look after your staff…An international company that treats tax laws as an optional extra…A household name that refuses to work with the authorities even to fight terrorism…A director who takes out massive dividends while knowing that the company pension is about to go bust…Im putting you on warning. This cant go on anymore.A change has got to come. And this party – the Conservative Party – is going to make that change.BELIEVING IN THE GOOD THAT GOVERNMENT CAN DOSo today, I want to set out my plan for a Britain where everyone plays by the same rules and every person has the opportunity to be all they want to be.Its a plan to tackle the unfairness and injustice that divides us, so that we may build a new united Britain, rooted in the centre ground.A plan that will mean government stepping up. Righting wrongs. Challenging vested interests. Taking big decisions. Doing what we believe to be right. Getting the job done.Because thats the good that government can do. And its what Im in this for. To stand up for the weak and stand up to the strong.And to put the power of government squarely at the service of ordinary working-class people.Because too often that isnt how it works today.Just listen to the way a lot of politicians and commentators talk about the public.They find your patriotism distasteful, your concerns about immigration parochial, your views about crime illiberal, your attachment to your job security inconvenient.They find the fact that more than seventeen million voters decided to leave the European Union simply bewildering.Because if youre well off and comfortable, Britain is a different country and these concerns are not your concerns. Its easy to dismiss them – easy to say that all you want from government is for it to get out of the way.But a change has got to come. Its time to remember the good that government can do.Time for a new approach that says while government does not have all the answers, government can and should be a force for good;that the state exists to provide what individual people, communities and markets cannot;and that we should employ the power of government for the good of the people.Time to reject the ideological templates provided by the socialist left and the libertarian right and to embrace a new centre ground in which government steps up – and not back – to act on behalf of us all.Providing security from crime, but from ill health and unemployment too.Supporting free markets, but stepping in to repair them when they arent working as they should.Encouraging business and supporting free trade, but not accepting one set of rules for some and another for everyone else.And if we do – if we act to correct unfairness and injustice and put government at the service of ordinary working people – we can build that new united Britain in which everyone plays by the same rules, and in which the powerful and the privileged no longer ignore the interests of the people.Only we can do it. Because the main lesson I take from their conference last week is that the Labour Party is not just divided, but divisive.Determined to pit one against another. To pursue vendettas and settle scores. And to embrace the politics of pointless protest that simply pulls people further apart.Thats what Labour stands for today. Fighting among themselves. Abusing their own MPs. Threatening to end their careers. Tolerating anti-Semitism and supporting voices of hate.You know what some people call them?The nasty party.And with Labour divided, divisive and out-of-touch, we have a responsibility to step up, represent and govern for the whole nation.So where Labour build barriers, we will build bridges.That means tackling unfairness and injustice, and shifting the balance of Britain decisively in favour of ordinary working class people.Giving them access to the opportunities that are too often the preserve of the privileged few.Putting fairness at the heart of our agenda and creating a country in which hard work is rewarded and talent is welcome.A nation where contribution matters more than entitlement. Merit matters more than wealth.A confident global Britain that doesnt turn its back on globalisation but ensures the benefits are shared by all.A country that is prosperous and secure, so every person may share in the wealth of the nation and live their life free from fear.Thats what I mean by a country that works for everyone.A GLOBAL BRITAINAnd if we believe in the good that government can do, its important for people to trust us to deliver the change they need.We can start – as I said on Sunday – by doing something obvious. And that is to stop quibbling, respect what the people told us on the 23rd of June – and take Britain out of the European Union.Because it took that typically British quiet resolve for people to go out and vote as they did: to defy the establishment, to ignore the threats, to make their voice heard.So let us have that same resolve now.And lets be clear about what is going to happen.Article Fifty – triggered no later than the end of March.A Great Repeal Bill to get rid of the European Communities Act – introduced in the next Parliamentary session.Our laws made not in Brussels but in Westminster.Our judges sitting not in Luxembourg but in courts across the land.The authority of EU law in this country ended forever.The people told us they wanted these things – and this Conservative Government is going to deliver them.It is, of course, too early to say exactly what agreement we will reach with the EU. Its going to be a tough negotiation, it will require some give and take. And while there will always be pressure to give a running commentary, it will not be in our national interest to do so.But let me be clear about the agreement we seek.I want it to reflect the strong and mature relationships we enjoy with our European friends.I want it to include cooperation on law enforcement and counter-terrorism work.I want it to involve free trade, in goods and services.I want it to give British companies the maximum freedom to trade with and operate within the Single Market – and let European businesses do the same here.But lets state one thing loud and clear: we are not leaving the European Union only to give up control of immigration all over again. And we are not leaving only to return to the jurisdiction of the European Court of Justice. Thats not going to happen.We are leaving to become, once more, a fully sovereign and independent country – and the deal is going to have to work for Britain.And that Britain – the Britain we build after Brexit – is going to be a Global Britain.Because while we are leaving the European Union, we will not leave the continent of Europe. We will not abandon our friends and allies abroad. And we will not retreat from the world.In fact, now is the time to forge a bold, new, confident role for ourselves on the world stage.Keeping our promises to the poorest people in the world.Providing humanitarian support for refugees in need.Taking the lead on cracking down on modern slavery wherever it is found.Ratifying the Paris Agreement on Climate Change.Always acting as the strongest and most passionate advocate for free trade right across the globe.And always committed to a strong national defence and supporting the finest Armed Forces known to man.And this week, our excellent Defence Secretary, Michael Fallon, proved not only that we will support them with our hearts and souls. Not only will we remain committed to spending two per cent of our national income on defence.But we will never again – in any future conflict – let those activist, left-wing human rights lawyers harangue and harass the bravest of the brave – the men and women of Britains Armed Forces.AN ECONOMY THAT WORKS FOR EVERYONEIts about restoring fairness – something that must be at the heart of everything we do. Supporting those who do the right thing, who make a contribution.Helping those who give something back.And thats at the heart of my plan for our economy too.An economy thats fair and where everyone plays by the same rules.That means acting to tackle some of the economys structural problems that hold people back.Things like the shortage of affordable homes. The need to make big decisions on – and invest in – our infrastructure. The need to rebalance the economy across sectors and areas in order to spread wealth and prosperity around the country.Politicians have talked about this for years. But the trouble is that this kind of change will never just happen by itself. If thats what we want, we need the vision and determination to see it through.Thats why Philip Hammond and Greg Clark are working on a new industrial strategy to address those long-term structural challenges and get Britain firing on all cylinders again.Its not about picking winners, propping up failing industries, or bringing old companies back from the dead.Its about identifying the industries that are of strategic value to our economy and supporting and promoting them through policies on trade, tax, infrastructure, skills, training, and research and development.Its about doing what every other major and growing economy in the world does.Not just sitting back and seeing what happens – but putting in place a plan and getting on with the job.So we will identify the sectors of the economy – financial services, yes, but life sciences, tech, aerospace, car manufacturing, the creative industries and many others – that are of strategic importance to our economy, and do everything we can to encourage, develop and support them.And we will identify the places that have the potential to contribute to economic growth and become the homes to millions of new jobs.That means inspiring an economic and cultural revival of all of our great regional cities.We have made a start.Thanks to George Osbornes Northern Powerhouse, over the past year, foreign direct investment in the North has increased at double the rate of the rest of the country.Here in Birmingham, thanks to the incredible Jaguar Land Rover, the West Midlands is the only part of the country to run a trade surplus with China.And across the region, the Midlands Engine is on track to deliver 300,000 more jobs by 2020.Now its time to build on that success – in Birmingham and Manchester and in other cities across the country.And as we are here in Birmingham this week, let us show our support for the Conservative Partys candidate for next years mayoral election.A success in business running John Lewis. An action man in Birmingham, playing his part in transforming this city. A man to get things done, the future Mayor of the West Midlands – Andy Street.MAKING MARKETS WORK FOR WORKING PEOPLEAn economy that works for everyone is an economy where everyone plays by the same rules.I understand the frustration people feel when they see the rich and the powerful getting away with things that they themselves wouldnt dream of doing. And they wouldnt get away with if they tried.I understand that because I feel it too.Theres always an excuse – a reason why something cant be done – but when that is used as a basis for inaction, faith in capitalism and free markets falls.The Conservative Party will always believe in free markets. And thats precisely why its this party that should act to defend them.From Edmund Burke onwards, Conservatives have always understood that if you want to preserve something important, you need to be prepared to reform it. We must apply that same approach today.Thats why where markets are dysfunctional, we should be prepared to intervene.Where companies are exploiting the failures of the market in which they operate, where consumer choice is inhibited by deliberately complex pricing structures, we must set the market right.Its just not right, for example, that half of people living in rural areas, and so many small businesses, cant get a decent broadband connection.Its just not right that two thirds of energy customers are stuck on the most expensive tariffs.And its just not right that the housing market continues to fail working people either.Ask almost any question about social fairness or problems with our economy, and the answer so often comes back to housing.High housing costs – and the growing gap between those on the property ladder and those who are not – lie at the heart of falling social mobility, falling savings and low productivity.We will do everything we can to help people financially so they can buy their own home. Thats why Help to Buy and Right to Buy are the right things to do.But as Sajid said in his bold speech on Monday, there is an honest truth we need to address. We simply need to build more homes.This means using the power of government to step in and repair the dysfunctional housing market.It means using public sector land for more and faster house building.It means encouraging new technologies that will help us to get more houses built faster. And putting in more government investment too.It means stepping up and doing whats right for Britain.Making the market work for working people.Because thats what government can do.And something else we need to do: take big, sometimes even controversial, decisions about our countrys infrastructure.Because we need to get Britain firing in all areas again.It is why we will press ahead with plans for High Speed 2, linking London and Birmingham and, eventually, towns and cities in the North.Why we will shortly announce a decision on expanding Britains airport capacity.And why – having reviewed the evidence and added important new national security safeguards – we signed up to Hinkley Point.We will take the big decisions when theyre the right decisions for Britain.Because thats what government can do.And we can make these big decisions because our economy is strong and because of the fiscal discipline we have shown over the last six years.And we must continue to aim for a balanced budget.But to build an economy that works for everyone, we must also invest in the things that matter, the things with a long-term return.That is how we will address the weaknesses in our economy, improve our productivity, increase economic growth and ensure everyone gets a fair share.And thats not the only reason.Because while monetary policy – with super-low interest rates and quantitative easing – provided the necessary emergency medicine after the financial crash, we have to acknowledge there have been some bad side effects.People with assets have got richer. People without them have suffered. People with mortgages have found their debts cheaper. People with savings have found themselves poorer.A change has got to come. And we are going to deliver it.Because thats what a Conservative Government can do.A FAIRER ECONOMYThis party will always be the party of businesses large and small.But we must acknowledge that the way a small number of businesses behave fuels the frustration people feel.Its not the norm. I know that most businesses and the people who run them are hardworking, entrepreneurial and public spirited at heart.But the actions of a few tar the reputations of the many.So the party that believes in business is going to change things to help support it.Too often the people who are supposed to hold big business accountable are drawn from the same, narrow social and professional circles as the executive team.And too often the scrutiny they provide is not good enough.A change has got to come.So later this year we will publish our plans to have not just consumers represented on company boards, but workers as well.Because we are the party of workers. Of those who put in the effort. Those who contribute and give of their best.Thats why we announced on Saturday that were going to review our laws to make sure that, in our modern and flexible economy, people are properly protected at work.Thats right.Workers rights – not under threat from a Conservative government.Workers rights – protected and enhanced by a Conservative government.And let me say something about tax.Were all Conservatives here. We all believe in a low-tax economy. But we also know that tax is the price we pay for living in a civilised society.Nobody, no individual tycoon and no single business, however rich, has succeeded on their own.Their goods are transported by road, their workers are educated in schools, their customers are part of sophisticated networks taking in the private sector, the public sector and charities.Weve all played a part in that success.So it doesnt matter to me who you are.If youre a tax-dodger, were coming after you.If youre an accountant, a financial adviser or a middleman who helps people to avoid what they owe to society, were coming after you too.An economy that works for everyone is one where everyone plays by the same rules.So whoever you are you – however rich or powerful – you have a duty to pay your tax.And were going to make sure you do.A SOCIETY THAT WORKS FOR EVERYONEThis is a big agenda for change. But it is necessary and essential.It is a programme for government to act to create an economy that works for everyone – an economy thats on the side of ordinary working class people.And an economy that can support the vital public services and institutions upon which we all rely – to invest in the things we hold dear.Like the NHS – one of the finest health care systems anywhere in the world, and a vital national institution.An institution that reflects our values, our belief in fairness, and in which we all take enormous pride.And I mean all.Because there is complete cross-party support for the NHS.For its status as a provider of free-at-the-point-of-use health care. For the thousands of doctors and nurses that work around the clock to care for their patients.We all have a story about the nurse who cared for a loved one, or a surgeon who saved the life of a friend.So let us take this opportunity to say to those doctors and nurses – thank you.The NHS should unite us. But year after year, election after election, Labour try to use it to divide us.At every election since it was established, Labour have said the Tories would cut the NHS – and every time we have spent more on it.Every election, they say we want to privatise the NHS – and every time we have protected it.In fact, the party that expanded the use of the private sector in the NHS the fastest was not this party, but the Labour Party.The only party to ever cut spending on the NHS is not this party, but the Labour Party – thats what they did in Wales.And at the last election, it wasnt the Labour Party that pledged to give the NHS the money it asked for to meet its five-year plan – it was this party, the Conservative Party…investing an extra £10 billion in the NHS – more than its leaders asked for…and this year more patients are being treated, and more operations are being carried out, by more doctors and more nurses than ever before.Thats a tribute to everyone who works in the NHS.But also to one man – Jeremy Hunt – who is one of the most passionate advocates for patients and for the doctors, nurses and others who work in our health service that I have ever known.So lets have no more of Labours absurd belief that they have a monopoly on compassion.Lets put an end to their sanctimonious pretence of moral superiority.Lets make clear that they have given up the right to call themselves the party of the NHS, the party of the workers, the party of public servants.They gave up that right when they adopted the politics of division. When their extreme ideological fixations led them to simply stop listening to the country.When they abandoned the centre ground.And let us take this opportunity to show that we, the Conservative Party, truly are the party of the workers…the party of public servants…the party of the NHS.Because we believe in public service. We believe in investing in and supporting the institutions that make our country great.We believe in the good that government can do.Government cannot stand aside when it sees social injustice and unfairness. If we want to make sure Britain is a country that works for everyone, government has to act to make sure opportunity is fairly shared.And I want us to be a country where it doesnt matter where you were born, who your parents are, where you went to school, what your accent sounds like, what god you worship, whether youre a man or a woman, gay or straight, or black or white.All that should matter is the talent you have and how hard youre prepared to work.But if were honest well admit thats simply not the case for everyone today.Advancement in todays Britain is still too often determined by wealth or circumstance.By an accident of birth rather than talent.By privilege not merit.Rebalancing our economy is a start, but if were serious about overturning some of the longstanding injustices and barriers that stop working people from getting on, we need that economic reform to be allied with genuine and deep social reform too.Because a society that works for everyone is a society based on fairness. And only genuine social reform can deliver it.Genuine social reform means helping more people onto the housing ladder. It means making sure every child has access to a good school place.It means never writing off people who can work and consigning them to a life on benefits, but giving them the chance to go out and earn a living and to enjoy the dignity that comes with a job well done.But for those who cant work, we must offer our full support – which is why it was so important that Damian Green announced on Saturday that we will end the mandatory retesting of those with chronic health conditions that only induces stress but does nothing at all to help.And genuine social reform means addressing historic injustices that hold too many people back.Some of my proudest moments as Home Secretary came when we began to tackle deep-seated and long-standing problems that few had dared to tackle before.I introduced the first ever Modern Slavery Act, bringing in tough new penalties to put slave masters behind bars, with life sentences for the worst offenders.I cut the polices use of stop and search by almost two thirds and reduced the disproportionate targeting of young, black men.And I know our impressive new Home Secretary Amber Rudd is committed to carrying on that work.But injustices remain.If you are from a black Caribbean background, you are three times more likely to be permanently excluded from school than other children.If you are a black woman, you are seven times more likely to be detained under mental health legislation than a white woman.People in ethnic minority households are almost twice as likely to live in relative poverty as white people.But it is not just those from minority backgrounds who are affected.White working class boys are less likely to go to university than any other group in society.We cannot let this stand – not if a country that works for everyone is the principle that binds us all together.Thats why I have launched an unprecedented audit of public services to shine a light on these racial disparities and let us do something about them.Because they are all burning injustices, and I want this government – this Conservative Government – to fight every single one of them.A society that works for everyone is one of fairness and opportunity. A society in which everyone has the chance to go as far as their talents will take them.Thats why in one of the first speeches I gave as Prime Minister I set out my plans to transform Britain into a Great Meritocracy.And that starts in our schools.I want Britain to be a country in which every child has access to a good school place thats right for that individual child.Because Britain after Brexit will need to make use of all of the talent we have in this country.We have come a long way.Thanks to the free schools and academies programme and the efforts of teachers, heads and governors, there are now 1.4 million more children in good and outstanding schools compared with 2010.But we need to go further. Because there are still one and a quarter million children in schools that are just not good enough.And if you live in the Midlands or the North, you have less chance of attending a good school than children in the South.This simply cannot go on.Thats why Justine Greening and I have set out a new package of reforms, building on Michael Goves success, to increase the number of good school places across the country…so theres not just a school place for every child, but a good school place for every child. A school place that suits the skills, interests and abilities of every single pupil.That is why we want more of our great universities to set up or sponsor schools in the state sector – just as the University of Birmingham has done, a few miles from here.Its why we are saying to the great private schools that – in return for their charitable tax status – we want them to do more to take on children without the means to pay, or set up and sponsor good state schools.It is why we want more good faith schools for parents and pupils who want them.And it is why we have said – where there is demand from parents, where they will definitely take pupils from all backgrounds, where they will play a part in improving the quality of all schools in their area – we will lift the ban on establishing new grammar schools too.And here we see the challenge.Because for too long politicians have said to people and communities who are crying out for change that they cant have what they want.Theyve said we dont think you should have it, even though we might enjoy those very same things for ourselves.And you end up in the absurd situation where you stop these good, popular, life-changing schools from opening – by law.Imagine. Think of what that says.If youre rich or well off, you can have a selective education for your child. You can send them to a selective private school. You can move to a better catchment area or afford to send them long distances to get the education you want.But if youre not, you cant.I can think of no better illustration of the problem – why ordinary working class people think its one rule for them, and another for everyone else.Because the message we are sending them is this: we will not allow their children to have the same opportunities that wealthier children enjoy.That is a scandal and we – the Conservative Party – must bring it to an end.A COUNTRY THAT WORKS FOR EVERYONESo my vision is for Britain to be a Great Meritocracy.Thats what Ive always believed in. The cause that everything I have ever done in politics has been designed to serve.Because a country based on merit not privilege, is a country thats fair. And when we overcome unfairness and injustice, we can build that new united Britain that we need.And united, we can do great things.We saw that in the summer in Rio. We saw how individual success was powered by collective effort. How the dedication and talent of one was supported by a united team.And how a governments determination – John Majors Conservative Governments determination – to step up and back Britains sporting success contributed to such a remarkable result.We were honoured to welcome four members of the team – Helen Richardson-Walsh, Dame Sarah Storey, Vicky Thornley and Andrew Triggs-Hodge – to our conference on Monday.And to them – and to every athlete and every member of Team and Paralympics GB – we say, thank you. You did your country proud.It was a memorable summer for British sport, but one moment stood out for me above all other.It was not from Rio. It happened later. Just a couple of weeks ago on the sun-drenched streets of Cozumel in Mexico.There, our celebrated triathlon champion Jonny Brownlee was heading for glory, the finishing line in sight, when he faltered. Stopped. And was falling exhausted to the ground.And just behind him, his brother Alistair – a tough competitor who typically yields to no one – had the chance to run on and steal the prize.But seeing his brothers struggle, he didnt pass on by. As other competitors ran past, he stopped. Reached out his hand. And gently carried him home.And there in that moment, we saw revealed an essential truth. That we succeed or fail together. We achieve together or fall short together.And when one among us falters, our most basic human instinct is to put our own self-interest aside, to reach out our hand and help them over the line.Thats why the central tenet of my belief is that there is more to life than individualism and self-interest.We form families, communities, towns, cities, counties and nations. We have a responsibility to one another.And I firmly believe that government has a responsibility too.It is to act to encourage and nurture those relationships, networks and institutions – and to step up to correct injustices and tackle unfairness where it can – because these are the things that can drive us apart.Thats why I say today – as I have always said – that my mission – and the mission of this party – is to build a country that truly works for everyone, not just the privileged few.Its why when I stood on the steps of Number 10 for the first time as Prime Minister 84 days ago, I said that the Government I lead will be driven not by the interests of the rich and powerful, but by the interests of ordinary, working class people.And this week, we have shown the country that we mean business.Not just protecting, but enhancing workers rights.Building an economy thats fair, where everyone plays by the same rules.Getting more houses built. More doctors in the NHS.Investing in things that will make our economy grow.Hundreds of great new schools. Universities and fee-paying schools helping state schools to improve.And yes, where parents want them and where theyll improve standards for children of whatever background – the first new grammar schools to open in England for fifty years.A DEMOCRACY THAT WORKS FOR EVERYONEThis is a bold plan to bring Britain together. To build a new united Britain, rooted in the centre ground.An agenda for a new modern Conservatism. That understands the good government can do. That will never hesitate to face down the powerful when they abuse their positions of privilege.That will always act in the interests of ordinary, working class people.Thats what governments about: action. Its about doing something, not being someone.About identifying injustices, finding solutions, driving change. Taking, not shirking, the big decisions. Having the courage to see things through.Its not always glamorous or exciting, but at its best its a noble calling.And where many just see government as the problem, I want to show it can be part of the solution too.And I know this to be true.For as I leave the door of my office at Number 10, I pass that famous staircase – the portraits of prime ministers past lined up along the wall.Men – and of course one woman – of consequence, who have steered this country through difficult times – and changed it for the better too.Theres Disraeli, who saw division and worked to heal it. Churchill, who confronted evil and had the strength to overcome. Attlee, with the vision to build a great national institution. And Lady Thatcher who taught us we could dream great dreams again.Those portraits remind me of the good that government can do.That nothing good comes easy.But with courage and vision and determination you can always see things through.And as I pass them every day, I remember that our nation has been shaped by those who stepped up to be counted when the big moments came.Such opportunities are rare, but we face such a moment today.A moment that calls us to respond and to reshape our nation once again.Not every generation is given this opportunity.Not every generation called to step up in such a way.But this is our generations moment.To write a new future upon the page.To bring power home and make decisions… here in Britain.To take back control and shape our future… here in Britain.To build an outward looking, confident, trading nation… here in Britain.To build a stronger, fairer, brighter future… here in Britain.That is the opportunity we have been given.And the responsibility to grasp it falls upon us all.So to everyone here this morning – and the millions beyond whether leavers or remain – I say:Come with me and well write that brighter future.Come with me and well make that change.Come with me as we rise to meet this moment.Come with me and together lets seize the day.last_img read more

Kapil Sharma Show How an SMS got Shakti Kapoor in trouble with

first_imgShakti Kapoor on The Kapil Sharma ShowTwitterIf there’s any actor in Bollywood who would make you roll on the floor laughing with his crazy wild stories, it is none other than Shakti Kapoor, a villain who became the rhythm of heartbeat to millions. And if you invite him to The Kapil Sharma Show, he will shed all his inhibitions to spill out some of the mad incidents of his life on the table.Recalling one such mad but funny incident to Kapil Sharma, Shakti Kapoor, who appeared on the show with his sister-in-law and actress Padmini Kolhapure, revealed how he had gotten into trouble with his wife Shivangi Kolhapure because of a typographical error (Typo) while sending an SMS.”I had bought a small house in Goa and I was looking after the interiors while my wife was in Mumbai at that time. This SMS is a very bad thing. One spelling mistake can make your life a living hell. I messaged her that “I am having a super time. I wish you were her.” I had forgottne to put the last ‘e’,” Shakti Kapoor said on The Kapil Sharma Show.Shakti Kapoor further went on to list the number of problems associated with mobile phones adding that people of his generation were very happy since phones didn’t exist during that time.He said, “Sometimes what happens is that you are supposed to send a message to someone but you send it to another person. Nowadays you have an option to delete the message that you had accidentally sent but most of time it doesn’t work. You keep playing with it on your phone like anything. We people were really happy when there were no mobile phones. Trust me, it has ruined by life.”Meanwhile, The Kapil Sharma Show has been struggling to get back on the list of top 10 TV shows because of the falling TRPs.last_img read more

JK developments Trade ban will hurt Pakistani traders more than Indians

first_imgThe Attari-Wagah border is the most important land crossing between India and Pakistan. The suspension of bilateral trade between the two neighbouring countries by Islamabad will hit Pakistani traders and farmers more than Indians, reports indicate. ReutersPakistan’s decision to snap off trade ties with India over the New Delhi’s decision on Jammu and Kashmir will hurt Pakistani traders more than it will affect Indians, according to trade observers. Apart from the sizes of the two economies, the liberal trade environment that Pakistani traders enjoyed until recently by way of the most favoured nation (MFN) is also a factor that could cause more pain to business from across the border.India’s exported goods worth $452.5 million to Pakistan in the first quarter of 2019-20 financial year and the imports totalled $7.13 million, a report in the Economic Times says. In FY19, the total exports to Pakistan amounted to $2.06 billion, while imports were $495 million.India has low dependence on exports to the neighbouring countries including Pakistan, Indian officials point out, according to media reports. India’s $2.72-trillion economy is said to be in a better position to absorb regional trade shocks better than Pakistan’s economy estimated at $288 billion.Pakistan Prime Minister Imran Khan announced that Islamabad is breaking off trade ties with India to protest India’s action of changing the special status of Jammu and Kashmir by partly abrogating Article 370 and Article 35a of the Constitution. Pakistani exporters had been hit by Prime Minister Narendra Modi’s withdrawal of the MFN status to Pakistan following the Pulwama terror attack. The stoppage of all bilateral trade will deal a fatal blow to many export houses in Pakistan that have an India-centric trade strategy.Indian traders will still have the option to access the Pakistani market indirectly through the United Arab Emirates where a lot of unaccounted trade happens through Dubai. On the other hand, India does not import much other than petroleum products from the Middle East, denying Pakistan traders an alternative route. Prime Minister Narendra Modi speaks to Pakistani counterpart Imran Khan in one of the rare one-to-one meetings. Khan’s decision to snap bilateral diplomatic and trade ties will have a symbolic effect.MEAWhile the ban on cross-border trade will hit the traders, it could also affect the people of Pakistan even more. The ban could push up the price of many essential commodities and pharmaceutical products in Pakistan.The nature of products imported by India and Pakistan also indicates a higher human cost for the latter. Imports to India from Pakistan are mostly agricultural produce that has a direct impact on the lives of the small and marginal farmers of Pakistan. Pakistan imports mostly steel, heavy machinery and pharmaceuticals products whose makers are industrial houses with more staying power and wherewithal to find alternative markets. Indian exports also include organic chemicals, cotton, plastics, and dyes.”Trade was practically closed for some time. So, there will be no impact especially on agricultural products,” the report quotes an unidentified official. “The suspension of trade relations will hit Pakistan more as our exports to them have a very limited profile because they did not give us MFN status and violated global trade rules,” the report quoted Ajay Sahai, director general, Federation of Indian Export Organisations, as saying. Sahai explained that such goods have a ready market in South Asia and the Middle East, which will enable India to divert such exports immediately without much cost.”This is a unilateral move and a unilateral loss,” Mohit Singla, Chairman, Trade Promotion Council of India, said. However, Sahai added that shipments in the pipeline will take a hit and it is not clear whether the goods in transit or lying at the ports would be recalled in such a deteriorating situation, the report added.last_img read more