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Adani’s downfall will weaken PM Modi, spur democratic revival in India: George Soros

The downfall of the billionaire Gautam Adani-led Adani Group will weaken Prime Minister Narendra Modi and pave the way for “a democratic revival” in India, US billionaire George Soros has said.

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US billionaire George Soros

The downfall of the billionaire Gautam Adani-led Adani Group will weaken Prime Minister Narendra Modi and pave the way for “a democratic revival” in India, US billionaire George Soros has said.

In his speech ahead of the Munich Security Conference, Soros said that even though PM Modi is silent on the subject when questioned by the Opposition, he will, however, eventually have to answer questions from foreign investors and in the Parliament.

The billionaire investor, observed that this will “significantly weaken” PM Modi’s stranglehold on India’s federal government and “open the door to push for much-needed institutional reforms.”

George Soros, who has a net worth of about $.8.5 billion, is the founder of the Open Society Foundations, which gives grants to groups and individuals that promote democracy, transparency and freedom of speech.

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Soros added that he expected a “democratic revival” in India, naïve as it may sound.

Calling Soros a “designated economic war criminal”, Union minister Smriti Irani lashed out at the billionaire, dubbing his comments as an “attack on India that would not be tolerated” and called upon Indians to unitedly respond to “foreign powers who try to intervene in India’s democratic processes.”

A damning report by US short-seller Hindenburg Research late last month, sparked a rout in the shares of the Adani Group that wiped out more than $120 billion of the conglomerate’s market value and caused a massive drop in the personal fortunes of its Chairman Gautam Adani, who dropped out from the Forbes Top 10 rich list.

The Adani crisis also put the Prime Minister in the firing zone as Opposition parties have levelled allegations of a nexus between Gautam Adani meteoric rise since Narendra Modi’s election to the nation’s top post in 2014. However, PM Modi hasn’t directly issued a response instead resorting to taking snide jibes at his political opponents without naming anyone.

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2024 Lok Sabha Elections

Lok Sabha elections 2024: Akshay Kumar votes for the first time after getting Indian citizenship

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During the Lok Sabha 2024 elections, Bollywood actor Akshay Kumar cast his vote for the first time after becoming an Indian citizen last year. The actor, who previously held Canadian citizenship, was seen voting in Mumbai on Monday during the fifth phase of the elections. 

The Bhool Bhulaiyaa actor proudly showcased his ink-stained finger, symbolizing his participation in the election process. In a video shared by sources, he expressed his excitement and urged the citizens to vote. He stated that he wanted India to be developed and strong, and he voted with that in mind. He also mentioned that India should vote for what it deems right.

Reflecting on his experience, Akshay remarked that it was great and he was feeling very good. He highlighted the importance of the moment, noting that the actor marked his first vote as an Indian citizen.

The Entertainment actor obtained Indian citizenship in August 2023, which he celebrated by sharing a picture of his government documents on social media. He tweeted that both his heart and citizenship were Indian, and wished everyone a happy Independence Day, concluding with Jai Hind.

Discussing his decision, Akshay revealed that he hadn’t visited Canada for nearly a decade, despite holding Canadian citizenship. He mentioned that for 9 to 10 years he hadn’t gone there, although it was a very nice place and one of his best friends lived there. He decided that he should take Indian citizenship and noted that it was just a coincidence that he received a letter on August 15 confirming his citizenship.

Akshay initially applied for Canadian citizenship in the 1990s after facing a series of box office failures. He contemplated starting a cargo business in Canada with a friend. However, his fortunes changed with successful films, leading him to return to India. Despite the lomg process, exacerbated by the COVID-19 pandemic, Akshay renounced his Canadian citizenship in 2019. He explained that it was just a travel document and that he pays his taxes in India, where he is the highest taxpayer.

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India News

PM Modi condoles Iranian President Ebrahim Raisi’s death says India stands with Iran

PM Narendra Modi extended condolences to Ebrahim Raisi’s family and the people of Iran.

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Prime Minister Narendra Modi on Monday condoled Iran president Ebrahim Raisi’s death and said he was deeply saddened and shocked by the tragic demise. The PM also said contribution to strengthening India-Iran bilateral ties will always be remembered.

Taking to social media X, formerly Twitter, PM Modi said deeply saddened and shocked by the tragic passing of Iran’s president, Dr. Seyed Ebrahim Raisi. He also said, he will never forget his contribution to the bilateral ties between Iran and India. The PM said his heartfelt condolences are his family and the people of Iran, he added. PM Modi wrote, India stands with Iran in this time of sorrow.

Ebrahim Raisi was found dead a day after his helicopter went missing. He reportedly died in a chopper crash in the mountainous region of the country.

The helicopter crash claimed the lives of officials, bodyguards, and Iran’s foreign minister in addition to Raisi.

State television announced on Monday that Ayatollah Ebrahim Raisi, the servant of the Iranian nation, has achieved the highest level of martyrdom whilst serving the people, and Mehr news agency confirmed his death.

The missing helicopter was being looked for by Iranian authorities since Sunday afternoon.

Reportedly, the crash occurred in the East Azerbaijan province of Iran and claimed the lives of nine individuals, including Raisi and Foreign Minister Hossein Amir-Abdollahian.

There was no proof that the passengers were still alive, according to reports from Iranian media.

Out of the three helicopters in his convoy, only two made it to their destination, including Ebrahim Raisi. He had traveled to the northwest province to join President Ilham Aliyev of Azerbaijan at the inauguration of a dam project in Jolfa.

It was anticipated that Raisi, a devout conservative, would succeed the eighty-year-old Supreme Leader Ayatollah Ali Khamenei.

Since 2021, Ebrahim Raisi has served as Iran’s president. He replaced Hassan Rouhani, the centrist president.

Under his leadership, the death of Mahsa Amini, an Iranian-Kurdish woman who had been detained for violating the Iranian dress code for women, sparked widespread public unrest throughout the nation.

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2024 Lok Sabha Elections

Defence Minister Rajnath Singh and his wife cast their votes in Lucknow

In the ongoing Lok Sabha election in Lucknow, Singh is contesting against Samajwadi Party candidate Ravidas Mehrotra. The Bahujan Samaj Party (BSP) has fielded Sarwar Malik

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Defence Minister Rajnath Singh along with his wife Savitri Singh, cast their votes on Monday in Lucknow during the 3rd phase of the Lok Sabha elections. Singh, who is the sitting MP and BJP candidate from the Lucknow constituency, appealed to voters all over India to exercise their franchise.

Rajnath Singh said the National Democratic Alliance (NDA) aims to cross 400 seats this time. He did not wish to predict the exact number of seats at this moment. In the ongoing Lok Sabha election in Lucknow, Singh is contesting against Samajwadi Party candidate Ravidas Mehrotra. The Bahujan Samaj Party (BSP) has fielded Sarwar Malik. After casting their votes, the couple showed their inked fingers, symbolising their participation in the democratic process.

Rajnath Singh’s son Pankaj Singh an MLA from Noida also cast his vote and called on voters to come out in large numbers He requested all voters to vote in record numbers. The more the voting, the stronger the democracy will be. He urged all young voters and Nari Shakti to come forward in large numbers to cast their votes. He said voting is important to build a self-reliant and developed India.

Earlier, while addressing a public meeting in Lucknow, Rajnath Singh said that he tried to fulfil the dreams of former Prime Minister Atal Bihari Vajpayee and had left no stone unturned for the city’s development.

He said they have diligently worked towards realising Atal Bihari Vajpayee ji’s vision for Lucknow, and BJP remains committed to advancing it further in the future.  He said Lucknow currently ranks 10th globally, and BJP aims to elevate it to the 5th position.

There are 5 assembly constituencies under the Lucknow Lok Sabha seat. These include Lucknow West, Lucknow East, Lucknow North, Lucknow Central and Cantt Assembly seats. There are a total of 39.33017 lakh voters in Lucknow Lok Sabha seat.

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