Nation
Bihar result puts shadow over Modi's Wembley diaspora meet
With the Bihar election result coming as a setback for the BJP, Prime Minister Narendra Modi's public interaction with the Indian diaspora in Britain at Wembley Stadium, the internationally renowned sporting arena in London, on November 13 has come under a shadow if one goes by what the British media is saying.
 
After Madison Square Garden in New York, Allphones Arena in Sydney, Ricoh Colisuem in Toronto, the Dubai Cricket Stadium in Dubai and the SAP Center in San Jose, California, Prime Minister Narendra Modi will be holding his by now trademark public interactions with the Indian diaspora at the iconic stadium on the second day of his visit to Britain this month.
 
"The result means that as he prepares for an enthusiastic welcome ion Britain this week - including an unprecedented sell-out event at Wembley Stadium on Friday - Mr. Modi will be smarting from the defeat on home soil, which comes as his administration also faces mounting accusations of fomenting intolerance," The Independent reported in an article headlined "India's prime minister Narendra Modi suffers embarrassing setback on eve of UK visit". 
 
It also pointed out that it was Modi himself who took personal control of the election campaign in the east India state.
 
"Instead of relying on local BJKP leaders to fight the election on local issues, Mr. Mod, a sharply dressed and highly skilled orator, took personal control of the campaign in the hope that his reputation and charisma would seal victory," the daily stated.
 
In an article headlined "Narendra Modi suffers major electoral setback on eve of London visit", The Telegraph daily stated: "The defeat will embolden his opposition and dampen the mood as he heads to London for a visit that will include a sold-out rally with British-Indians at Wembley Stadium, lunch with the Queen at Buckingham Palace and an overnight stay at Chequers hosted by (British Priume Minister) David Cameron."
 
It also pointed out that this was Modi's second successive defeat in a major provinccial election. 
 
"It came as scores of leading Indian writers, artists, film-makers and scientists returned prestigious national awards in protest in protest at what they have called a 'cultural intolerance' under Mr. Modi's government and attacks on minorities," The Telegraph article stated.
 
According to the Finacial Times, Modi's Britain visit will be overshadowed by deepening troubles at home.
 
"Since he swept to power 18 months ago, Indian Prime Minister Narendra Modi has proved to be a charismatic international statesman, impressing leaders from Shinzo Abe to Barack Obama as well as expatriate Indians with his ambition to modernise India," it stated.
 
"But his next foreign visit - to the UK this week to meet David Cameron and the Queen and to to address a crowd of 60,000 British Indians at Wembley Stadium - will for the first time be overshadowed by deepening troubles at home." 
 
The event on November 13 is going to be the biggest such gathering that Modi will address with the organisers, Europe India Forum, expecting the stadium to seat over 70,000 people of Indian origin - surpassing the gathering of around 50,000 at the Dubai Cricket Stadium on August 17 this year.
 
Crowds of around 18,000 greeted the prime minister at the Madison Square Garden (September 28, 2014) and SAP Center (September 27, 2015) events while around 16,000 people gathered at Allphones Arena (November 17, 2014) and around 10,000 at Ricoh Coliseum (April 15, 2015).
 
The 1.5-million strong Indian community in Britain holds a unique place in Indian diaspora as Britain was the first country "which had an Indian community truly representative of its diversity", according to the report of the high-level I.M. Singhvi Committee appointed by the government in 2000 to collect data on the Indian diaspora worldwide.
 
In a Facebook post ahead of his visit, Modi stated that the Indian diaspora in Britain has "contributed greatly to society in different walks of life".
 
"People-to-people ties are crucial for every bilateral relationship to grow," he wrote. "Lakhs of professionals and students are also working and studying in Britain. We want to deepen the bond between our diaspora and the people of India."
 
Because of the colonial connection, links between the people of the two countries have existed for well over two centuries now.
 
Today there is a vibrant and influential Indian community in Britain living an active socio-cultural life with a plethora of ethnic organisations maintaining Indian culture and values.
 
In the British general elections held in May this year, a record number of 10 Indian-origin candidates were elected. Now, the Indian festival of Diwali is celebrated every year at 10, Downing Street.
 
Politics apart, British Indians have made achievements in almost every sphere of life. From business to industry, education to sports, music to cinema, arts to science, healthcare to technology, you name it, British Indians have made their names.
 
But whatever the scale of success or however big the fame, British Indians have always maintained strong connections with their motherland.
 
A major factor for this is the popularity of Bollywood movies and the existence of a vibrant ethnic Indian media. A number publications of various frequencies and radio and TV stations not only keep British Indians connected to India but also between themselves. 
 
Given last year's general elections in India which made headlines worldwide with Modi becoming prime minister and now the Bihar election that has come as a shocker to the BJP, one can only wait and watch when Modi takes the stage in the "Olympics style" invitation-only event at Wembley on November 13 afternoon in the the largest reception given to a foreign leader on British soil.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

User

COMMENTS

Rajesh Premani null

1 year ago

Thick-skinned as any veteran politician would be, our Indian orator is no less a Master of his act. And he knows it best. Maybe Bihar didn't buy that,but that doesn't bring down the aura of our dear Modi. Be assured of grand theatrics in his forthcoming visit. Having said that, our PM definitely needs to be credited for stirring the world stage and making every Indian proud of this contribution to the country and the world at large. However, on a lighter note, let's enjoy another odessy of the world stage. "Mitroooooon .. appko Modi ka Namaskar"

Nifty, Sensex will make a laboured rise – Monday closing report
Nifty is headed higher subject to small dips
 
We had mentioned in Friday’s closing report that Nifty, Sensex may rally a bit and that Nifty may rise upto 8,100 subject to dips. A severe setback for BJP in Bihar state selections led to a sharp decline at the open today but investors bought into the decline and the indices ended with loss of around 0.5%. The trends of the indices during the day’s trading are given in the table below:
 
 
Investor sentiments were subdued on Monday, a day after the BJP-led coalition suffered a rout in the Bihar assembly polls. Notwithstanding the slide, both the bellwether indices recovered their lost ground on the back of recent reform measures announced for the power and banking sectors. Bargain hunting too brought back investors. 
 
Reliance Power on Monday declared its maiden interim dividend of 10 percent, amounting to a total outgo of Rs.281 crore. The company said that its board in a meeting held on Monday declared the maiden dividend which comes to about Re.1 per equity share of Rs10 each. The interim dividend was announced after the company reported a 36.57% jump in its net profit to Rs345.63 crore for the quarter ended on September 30, on higher electricity generation. The total income of the company increased by 51.58% to Rs.2,856.01 crore in the second quarter of current fiscal as against Rs1,884.18 crore in the same quarter last year. The shares of the company closed at Rs49.40, up 1.96% on the BSE.
 
Airline major Jet Airways on Monday confirmed its largest-ever fleet order for 75 Boeing 737 'Max' aircraft. The order, which includes options and purchase rights for an additional 50 aircraft, was signed at the Dubai Airshow. The company said that the transaction will be completely financed and managed through a sale and lease back arrangement, which will be signed, when Jet Airways takes delivery of the aircraft from 2018.  
 
Nestle India on Monday said it has begun the roll-out of Maggi noodles in 100 cities, terming the five-month ban as "one of the biggest crises" it has faced in the 32-year history of the brand in the country. It also announced a pact with Snapdeal for online sales. "The return of Maggi Noodles on the auspicious eve of Deepawali and on the day of Dhanteras is a moment of celebration for all of us," Nestle India chairman and managing director Suresh Nayaranan said, announcing the re-launch, after it was taken off the shelves on June 5. "The crisis we went through is a big one for Nestle India. But we were always confident about the quality and safety of Maggi noodles. It is an important brand for the company," Narayanan told a round-table with journalists to announce the re-launch. The first to hit the shelves will be the masala variant and others will follow later, he said. The shares of the company closed at Rs6,136.70, down 0.57% on the BSE.
 
The top gainers and top losers of the indices are given in the table below:
 
 
 
 
The closing values of the major Asian indices are given in the table below:
 
 
 

User

Adani to acquire L&T's Kattupalli port near Chennai
Gujarat-based Adani Group has signed an agreement with Larsen & Toubro Ltd. to acquire the latter's Kattupalli port near here for an undisclosed sum, the two parties said on Monday.
 
In a regulatory filing with the Bombay Stock Exchange (BSE), Larsen & Toubro (L&T) said it has entered into an in-principle agreement with Adani Kattupalli Ports Private Ltd. for a strategic sale of Kattupalli port.
 
Adani Kattupalli Ports is a subsidiary of Adani Ports and Special Economic Zone.
 
The Kattupalli port is under L&T Shipbuilding Ltd., a subsidiary of L&T.
 
According to L&T, it has entered into an arrangement with Adani Kattupalli Ports to hand over the port operations while awaiting regulatory approvals for the formal transfer.
 
L&T also said the port operations will be demerged from its subsidiary L&T Shipbuilding.
 
The Kattupalli port is a deep water, all- weather port with an international container terminal.
 
The port with two berths started operations in 2013.
 
The berths are equipped with six quay cranes and designed to handle container, dry bulk and break-bulk cargo. There is an environmental approval for further expansion.
 
"The Kattupalli agreement is yet another step by us to continue to enable the development of the port infrastructure that is critical for our country. The Kattupalli port is a strategic complement to our Ennore Container terminal which is getting commissioned next year," Adani Group chairman Gautam Adani was quoted as saying in a statement.
 
The Adani Group owns and operates seven ports and terminals - Mundra, Dahej, Kandla and Hazira in Gujarat, Dhamra in Odisha, Mormugao in Goa and Visakhapatnam in Andhra Pradesh.
 
Adani is developing a terminal at Ennore in Tamil Nadu and Vizhinjam International Deepwater Seaport in Kerala.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)