India’s youngest state:- Telangana, all set to face polls

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Telangana which is one the youngest states in the country is all set to face elections in less than 5 years of its formation. After months of speculation, Chief Minister and TRS President K Chandrashekhar Rao finally announced that his party was ready to face polls.

His announcement did not come as a surprise. He chose his lucky number 6, in this scenario September 6th, to make the announcement. But what did come as a surprise was the fact that his party is going solo for the election. He refused to side with any national party. In fact, he went to launch a scathing attack against Congress. He even went to call out Congress President Rahul Gandhi as a buffoon for hugging Prime Minister Narendra Modi in Parliament during the No-Confidence Motion Debate.

KCR will in fact begin his political campaigning from Friday, 7th September. While the Chief Minister said that elections would be held in November, there was no official confirmation in this regard from Election Commission.

In the press conference, KCR also claimed that he has ”completed 99.9% of the work” promised by him, his critics however feel otherwise.
With the Governor now in charge, the Caretaker CM is expected to leave no stone unturned to ensure his sacrifice doesn’t go in vain.

With almost 9 months ahead of the scheduled poll, many feel this step is a political hara-kiri by KCR. However there could be several reasons behind this move. If scheduled with the general elections, public sentiment could work in favour of other parties which have much popular faces. Also if elections are held now, KCR could woo the general public in his state minus all the hype surrounding the national politics. Secondly KCR could use the good monsoon and bumper crop yield to attract rural votes now. Plus he can beat the anti-incumbency factor now as waiting for another year could hurt his chances given the mounting opposition against his working style.

Regardless of whether KCR wins the polls or not, the big question is will India’s youngest state survive this unexpected/expected political turmoil unleashed by the very man who created it? Will TRS sweep Telangana or will any other political veteran steal the show?

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ENTERTAINMENT NEWS FOR SEPTEMBER 13

Entertainment

 

Rishi Kapoor Slams Rahul Gandhi

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A day after Rahul Gandhi claimed that India was run by dynasts, product of Bollywood biggest dynasty Rishi Kapoor slammed Congress VP by the following the argument. The actor tweeted saying:

AMAZON- THE GROWTH STORY

BUSINESS, World Affairs
Year Milestone
1994 Jeff Bezos quits his job, launches Amazon.  Initial startup capital- his parent’s personal savings
1995 Amazon.com goes online with book sales. Bezos raises an $8 Million round of funding from Kleiner Perkins
1997 Amazon goes public at $18 per share
1999 Bezos named Time Magazine’s “Person of the Year” for popularising online shopping.
2009 Bezos acquires Zappos through  stock swap
2013 Bezos acquires the Washington Post
2015 Amazon surpasses Walmart as the most valuable retailer in the United States
2016 Becomes the fourth most valuable public company, goes offline with its first bookstore in Seattle
2017 Amazon acquires Dubai-based Souq.com, Bezos becomes the second richest person in the world

Amazon founder Jeff Bezos became the second richest person in the world, moving ahead of when Amazon acquired on 29 March acquired Middle East’s largest online retailer, Souq.com. According to Bloomberg, Bezos added around $1.5 billion to his fortune (now at $75.6 billion) as his company’s share rose to $18.35 billion as of  29 March.

IT’S ‘PAY TO MODI’ SAYS RAHUL

National News

It has been 30 days since the 5o0 and 1000 rupee notes were demonetised and the opposition used it as an opportunity to observe Black Day at the parliament.while 200 MPs protested it was Rahul Gandhi who spearhead the scathing attack.

‘THIS A FOOLISH DECISION’

This is not a bold decision, it is a foolish decision which has been taken without any due consideration. It has devastated the poor, the farmers, the daily wage workers. We want to have a discussion. We want a vote, the government doesn’t.

‘HIS NARRATIVE IS INCONSISTENT’

The Prime Minister’s narrative has changed. It started by saying it’s against black money, then terrorism, then counterfeit currency and now cashless economy.

PAYTM MEANS ‘PAY TO MODI’

If I am allowed to speak in Lok Sabha, I will show to all how Paytm means ‘Pay to Modi’. The idea behind cashless economy is that a few people must get maximum benefits from these transactions. This has damaged the nation. If he comes to the House for debate, we won’t let him run.

 

RATAN TATA TAKES ON CYRUS MISTRY

BUSINESS, National News

Just days ahead of the Extraordinary General Meeting of six Tata firms, the interim Chairman of Tata Sons pressed for the ouster of Cyrus Mistry as the director  of Tata Sons.

In a letter addressed to the shareholders, Tata sought their support to move a special resolution.

 

The right step would have been for him to resign as director. Unfortunately, he has not yet done so and his continued presence as a director is a serious disruptive influence on these company boards, which can make the company dysfunctional, particularly given his open hostility towards the primary promoter, Tata Sons. As a final step he was offered an opportunity to step down voluntarily from the Chairman position, which he rejected and said that it should be taken up at the Board,

Yoga declared as an Intangible Wealth by UNESCO

National News

​Yoga, the mind-body discipline based on ancient Indian philosophy and now practised all over the world, has joined Unesco’s list of intangible world heritage.

It was added to the prestigious list in recognition of its influence on Indian society , from health and medicine to education and the arts.

@UNESCO

Inscribed on the Representative List of #IntangibleHeritage https://t.co/rvo1ri6EfP #India

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Bear has a free run at Sensex

BUSINESS

The S&P BSE Sensex slipped below its crucial psychological support level of 26,000 in the first hour of trade on Monday. This happened for the first time since June 24 on an intraday basis and May 25 on closing basis.

The Nifty50 also pared gains after a positive start and slipped below its crucial support at 8,000 level, weighed down by losses in realty, consumer durables, capital goods, autos and IT stocks.