India, Iran ink pact to develop Chabahar port, aluminium plant

May 23, 2016

Tehran, May 23: India and Iran today inked a dozen agreements ranging from a contract to develop the strategic Chahabar port to an initial pact to set up an aluminium plant and one on laying a railway line to give India access to Afghanistan and Central Asia.

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The 12 agreements and MoUs signed during Prime Minister Narendra Modi visit to Iran to further deepen bilateral ties in diverse fields.

The agreements were signed in presence of Iranian President Hassan Rouhani and Modi, who is the first Indian Prime Minister to visit the Islamic nation in 15 years after Atal Bihari Vajpayee.

The documents were in the fields of economy, trade, transportation, port development, culture, science and academic cooperation.

The key agreement signed was a contract for development of Phase I of the Chabahar port on southern coast of Iran by an Indian joint venture.

Also an agreement to provide USD 150 million credit line was signed by Exim Bank of India.

IRCON signed an initial agreement to lay a rail line from Chabahar port to Zahedan, while state-owned Nalco signed an MoU to look at possibility of setting up a 0.5 million tonne aluminium smelter at Chabahar free trade zone provided Iran gives cheap natural gas.

An MoU was also signed between the Export Guarantee Fund of Iran and the Export Guarantee Corporation of India.

The documents included an MoU between the foreign ministries of both countries for dialogue on policy-making and interaction between think-tanks.

Another MoU was signed between School for International Relations of the Ministry of Foreign Affairs of Iran and the Foreign Service Institute (FSI) of India.

Also signed was an executive protocol between the Ministry of Science, Research and Technology of Iran, and India's Ministry of Science and Technology and an MoU between National Archives of India and National Library of Iran.

An executive programme of cultural cooperation between the Ministry of Culture and Iran's Ministry of Culture and Islamic Guidance as well as an MoU between Iran's Islamic Culture and Relations Organisation and the Indian Council for Cultural Relations was also signed.

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June 1,2024

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Gautam Adani, chairman of multinational conglomerate the Adani Group, has reclaimed the title of the richest person in Asia with a net worth of $111 billion, according to the Bloomberg Billionaires Index. This came after the group's shares rallied up to 14 per cent on Friday.

With this, Adani has overtaken Reliance Industries’ Mukesh Ambani after nearly 5 months. Ambani stands at 12th rank with a net worth of $109 billion. He had overtaken Adani in net worth after his conglomerate's shares crashed following the Hindenburg report last January.

So far in 2024, Adani’s net worth has jumped $26.8 billion while Ambani's wealth has increased by $12.7 billion.

Last week, Adani also expressed his optimism about the future of the group saying that its best days are ahead.

“The road ahead is paved with extraordinary possibilities, and I can promise you that the Adani Group today is stronger than it has ever been," he said.

2023 had been quite challenging for the Adani Group after the Supreme Court ordered a panel to probe the allegations in the Hindenburg report. Adani, who was the third richest person in the world before the report, slipped in the rankings rapidly after the group's shares saw a sell-off.

However, later the Supreme Court ordered the Securities and Exchanges Board of India (Sebi) to conclude its investigation into the Adani Group and said no more probes were needed. Sebi had said that it could not reach an outcome in its probe.

The shares of the Adani Group have rallied after the judgement. In January, Adani had overtaken Ambani after nearly 12 months but later the lead was taken again by Ambani. Now Adani has overtaken Ambani again.

The Bloomberg Billionaires Index showed that currently, Bernard Arnault is currently the richest person in the world with a net worth of $207 billion. He is followed by Elon Musk and Jeff Bezos with total wealth of $203 billion and $199 billion respectively.

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June 1,2024

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Congress president Mallikarjun Kharge said on Saturday that INDIA bloc will win 295+ seats in the Lok Sabha Elections 2024, the results of which will be announced on June 4. Kharge's estimate came about an hour before the exit polls results for general elections are expected to be released. 

“INDIA bloc will win at least 295 seats. This is not based on our survey. This is what people have told us," Kharge said after the meeting of INDIA bloc leaders at his residence on Saturday. 

Kharge also said that leaders of INDIA bloc have sought time from Election Commission of India on Sunday to discuss steps to be taken during counting of votes. 

The meeting, held as the seventh and last phase of Lok Sabha Elections 2024 is about to end, discussed the future course of action after the results of the Lok Sabha Elections are announced on June 4.

Former Uttar Pradesh Chief Minister and Samajwadi Party chief Akhilesh Yadav SP, his party colleague, Ram Gopal Yadav, NCP (Sharadchandra Pawar) chief Sharad Pawar, Delhi Chief Minister Arvind Kejriwal, Punjab Chief Minister Bhagwant Mann, AAP leaders Sanjay Singh and Raghav Chadha.

RJD leader Tejashwi Yadav, Jharkhand Chief Minister, Champai Soren, former Jammu and Kashmir Chief Minister Farooq Abdullah, Sitaram Yechury of CPIM and Dipankar Bhattacharya of CPI(ML). These other than Congress leaders including Rahul Gandhi, Sonia Gandhi and Priyanka Gandhi Vadra are also present in the meeting.

Top opposition leaders including West Bengal Chief Minister Mamata Banerjee, Tamil Nadu Chief Minister MK Stalin and PDP chief Mehbooba Mufti are not attending the meeting. The DMK is represented by its TR Baalu in the meeting.

The meeting is underway amid voting taking place to decide the fate of 904 candidates, including Prime Minister Narendra Modi, across 57 seats in seven states and one Union Territory in the last and final phase of Lok Sabha Elections 2024.

Soon after the polling of last phase is over, the results of Exit Polls for Lok Sabha Elections 2024 will be released. In a U turn, the Congress said that leaders of INDIA bloc parties will now take part in exit poll debates this evening. The, a day after Congress said on that its leaders will not participate in debates related to Lok Sabha elections exit polls on June 4.

The Indian National Developmental Inclusive Alliance (INDIA) – an amalgamation of about 28 opposition parties – was formed with its first meeting in June 2023 to put up a collective fight against BJP-led National Democratic Alliance.

The BJP-led NDA, seeking a record third term under Prime Minister Narendra Modi, has set a target of winning 400 seats this election.

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June 1,2024

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Kolkata: Sporadic incidents of violence marred the seventh and final phase of Lok Sabha polls in the nine parliamentary constituencies in West Bengal, as TMC, ISF and BJP workers clashed in various parts of violence-prone Jadavpur and Diamond Harbour constituencies.

Although the poll panel has claimed that voting has been peaceful so far, it said it has received 1,450 complaints until 11 am from different political parties alleging EVM malfunctions and agents being stopped from entering booths.

Around 28.10 per cent of over 1.63 crore voters exercised their franchise in the first two hours of polling to the nine Lok Sabha seats, an Election Commission official said.

Clashes broke out between supporters of the TMC, ISF and the BJP in different pockets of the state as the parties clashed over stopping polling agents from entering booths.

A confrontation erupted in Bhangar within Jadavpur constituency between backers of Trinamool Congress and the Indian Secular Front (ISF), with allegations of crude bombs being hurled from both sides. Police intervention ensued, triggering protests as both factions accused each other.

To quell the situation, security personnel resorted to a lathicharge to disperse the mob, recovering several crude bombs.

Angry voters of Kultuli within Joynagar constituency dumped electronic voting machines (EVMs) and Voter Verified Paper Audit Trail (VV-PAT) machines into nearby waterbodies alleging electoral misconduct.

"Today morning at 6.40 am Reserve EVMs & papers of Sector Officer near Benimadhavpur FP school, at 129-Kultali AC of 19-Jaynagar (SC) PC has been looted by local mob and 1 CU, 1 BU , 2VVPAT machines have been thrown inside a pond," the office of CEO West Bengal posted on X.

"Sector Police was a little behind. FIR has been lodged by the Sector Officer and necessary action has been initiated. The poll process in all six booths under the Sector is running uninterrupted. Fresh EVM and papers have been provided to the Sector Officer," it further said.

Senior BJP leader and Bengal co-incharge Amit Malviya posted on X, "Democracy is up in flames in West Bengal. Bombs have been hurled in Jadavpur's Bhangar, and irate villagers in Joynagar's Kultali have thrown an EVM and VVPAT machine in a pond because TMC goons won't let them vote."

"But the worse affected is Diamond Harbour, where Mamata Banerjee's nephew and heir apparent is contesting from. BJP workers are being intimidated, not allowed to sit in the booths, their polling documents destroyed. WB Police is acting like Abhishek Banerjee's henchmen. Even the Muslims have not been spared because a large number of them are voting for CPI(M) candidate Pratikur Rahman. TMC's 'secularism' dies the moment Muslims start voting against it," he posted on X.

Following this, Kolkata Police claimed that the incident happened in the morning before the poll process began.

"This incident happened in the morning around 6 am much before the polling process in Bengal. Police and CAPF immediately intervened and have taken steps against miscreants. Legal action initiated. Polling in Bhangar started without any interruption and is going on peacefully," Kolkata Police posted on X.

TMC supporters have accused the ISF of orchestrating the violence to intimidate voters. Prompt action from local law enforcement led to lathicharges and the arrest of suspects in Polerhat area of Bhangar.

Another incident occurred where the vehicle of an ISF worker was vandalised in Baghajatin area. Accusations have been levelled against Trinamool Congress supporters for the alleged incident.

Diamond Harbour, where TMC national general secretary Abhishek Banerjee is seeking re-election, witnessed clashes between TMC and BJP supporters. BJP candidate Abhijit Das accused the ruling party of malpractices, which the TMC denied. As Das approached a polling booth, TMC activists staged protests and shouted "Go back" slogans. In response, Das got out of his car and shouted counter slogans.

Similarly, CPI(M) candidate Patikur Rehman faced "go back" slogans from TMC workers when he attempted to visit a booth in the Canning area.

In Diamond Harbour's Satganchia, BJP workers were allegedly beaten up by TMC over allegations of intimidation of voters. In Kultuli area, two BJP activists were injured during clashes with TMC workers.

In Jadavpur area's Ganguly Bagan, CPI(M) workers were allegedly beaten by the TMC activists and their camp offices were ransacked. The TMC, however, denied the allegations and accused the Left party of intimidating the voters.

In Baranagar assembly seat, where a by-poll is on, CPI (M) candidate Tanmay Bhattacharya was allegedly physically assaulted when he was standing outside a booth as TMC workers accused him of trying to influence the voters.

The state Congress unit wrote to CEO Aariz Aftab requesting him to take stern action against alleged irregularities and rigging that are taking place in various pockets.

Basirhat SP Hossain Mehedi Rahaman said three persons were injured during the clash between TMC and BJP supporters at Bayramari in Sandeshkhali, adding that one person was arrested in this connection.

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