Photos and Videos tagged with #NAMO
Foreign brokerages say 'buy' #NaMo
While Indian voters may still be undecided about who to support in the 2014 general election, foreign investors expect a regime change in India.
More and more foreign brokerages are advising clients Narendra Modi will likely lead the Bharatiya Janata Party (BJP) to form a coalition government in 2014.
Typically, clienteles of brokerages are cash-flush foreign institutional investors that own around 45% of the entire floating stocks in the Indian equity markets.
Brokerages have indicated to their clients that Modi’s rise could well be positive for both the investor community and the re-emergence of the India growth story.
Japanese brokerage Nomura is the latest to echo Modi–the next PM view, along with prominent peers like CLSA, UBS, Bank of America-Merrill Lynch, Goldman Sachs and HSBC.
Nomura’s political analyst, Alastair Newton, has already gone on record that corporates and markets expect a BJP-led coalition in New Delhi.
On Monday, the brokerage stated in its advisory that a “BJP-led coalition is likely to win power, which may be positive for the economy in the medium-term.”
Foreign brokerages are convinced that Modi’s business-friendly approach and strong corporate governance as Gujarat’s chief minister will hold him in good stead when the role gets elevated to that of the country’s PM.
In his weekly newsletter ‘Greed & Fear’, Christopher Wood, strategist at CLSA Asia Pacific Markets, wrote last week: “India’s electorate is pining for a change and, in particular, the return of a government focused on a growth mandate rather than a mandate based on the promise of more handouts on the ‘alleviation of poverty’ theme...”
In its 2014 outlook for Indian equities, HSBC Capital Markets, too, talked about opinion polls predicting a BJP win.
“Currently, mostly all opinion polls... point to the BJP emerging as the largest party. In our view, if the BJP-led National Democratic Alliance (NDA) comes to power, it would be positive for the infrastructure-led sectors,” wrote Jitendra Sriram, equity strategist and head of research-India, at HSBC Securities and Capital Markets.
The general perception among the electorate, foreign brokerages are telling their clients, is that the Congress has become a freebie-doling party, given to populist measures like the food security bill and policies aimed at boosting consumption.
Gautam Chhaochharia and Sanjena Dadawala, analysts at UBS Securities, noted that based on discussions with investors, the markets appear to be inclined more towards a Modi-led BJP than Gandhi-led Congress.
Modi–the next PM discourse started in May 2012 when CLSA first published a report to that effect.
Last week, CLSA reinforced that view by saying that Modi’s popularity is reflected in the vast turnouts at political rallies, a contrast to Rahul Gandhi’s.
Although most brokerages prefer the BJP, they, nevertheless, feel that markets and the economy would like to see a strong and stable government at the Centre — be it the Congress or the BJP.
“We believe India’s political climate in mid-2014 can make or break the longer term economic outlook,” said Sonal Varma, economist at Nomura. Although most brokerages prefer the BJP, they, nevertheless, feel that markets and the economy would like to see a strong and stable government at the Centre — be it the Congress or the BJP.
“We believe India’s political climate in mid-2014 can make or break the longer term economic outlook,” said Sonal Varma, economist at Nomura.
- 7 days ago via site
#NaMo's Freudian tweet asking ppl 2 "vote for the Louts & give BJP a chance to serve them once again" (via FB) -->
- 13 days ago via site
#NaMo's Freudian tweet asking people to "vote for the Louts & give BJP a chance to serve them once again" via FB:
- 13 days ago via site
#Governmentjobs in #India attract #corrupt #youngsters like a magnet: Study #sarkarinaukri #NaMo
LONDON: It is now official - the government in India attracts corrupt youngsters like a magnet.
Scientists have, for the first time, shown that students who are cheats in school are more likely to opt for a government job.
This relationship does not appear to vary by ability, suggesting that screening on ability does not change the level of honesty of those chosen for a government service among the pool of applicants.
Similar is the case with nurses working in India. Those found to be dishonest in a unique test were more prone to fraudulent absenteeism in the government sector.
The results are part of a large scale study by Harvard University and the University of Pennsylvania conducted among 662 students from seven large universities in Bangalore. The study published by the National Bureau of Economic Research, set students a number of tasks, which were predictive of corrupt behaviour by real government workers. It was then found that cheating students are more likely to want a job in public service.
The students who wanted to enter public service were also less likely to demonstrate behaviour intended to benefit other people or society as a whole.
The author of the paper, Rema Hanna from Harvard University, conducted three separate tests to reach these conclusions.
First, students in Bangalore were asked to roll a dice 42 times and report what numbers they got. The higher the numbers on the dice, which students had to report, the more they would get paid (around Rs 400 per session). Hanna and her co-author, Shing-Yi Wang from the University of Pennsylvania, discovered that cheating among the students was rampant with more than a third reporting numbers that were abnormally high. When measured against career preferences, students who cheated on the dice game were 6.3% more likely to want a government job.
Government nurses from 333 primary health centres (PHC) across five districts in Karnataka were then made to undergo the same test.
Researchers said bureaucratic absenteeism is an attractive form of corruption to study because one can measure whether the bureaucrat is fraudulently collecting a pay check for a day not worked. They carried out nine rounds of independent random checks of the primary health centre staff between July 2010 and November 2012. However, cheating wasn't that rampant among this group (only 9.1% scored the abnormally high results). However, amongst those who were thought to have cheated, absenteeism with false reasons was much higher.
"Overall, we find that dishonest individuals - as measured by the dice task - prefer to enter government service," wrote Hanna. "Importantly, we show that cheating on this task is also predictive of fraudulent behaviours by real government officials," they added.
According to Hanna, the study funded in part by Harvard Dean's Grant and the Russell Sage Foundation offers two key policy insights.
First, the recruitment and screening process for bureaucrats in India may be improved by increasing the emphasis on characteristics other than ability. Second, while recent empirical papers have shown that reducing the returns to corrupt behaviour decreases the probability that bureaucrats engage in corruption, "our work suggests that these interventions may have had even broader effects by changing the composition of who might apply".
A separate test looked at a set of tasks that was predictive of pro-social behaviour - actions which benefited other people and society. Students were then asked to divide the money they received between themselves and a charity. The deal, however, was whatever they gave to charity would be doubled. The test then found that those who gave the least to charity were most likely to want to work in government.
The study concluded: "Through this study, we offer evidence that college students who cheat on a simple task are more likely to prefer to enter government service after graduation. Importantly, we also show that cheating on this task is also predictive of fraudulent behaviours by real government officials, which implies that the measure captures a meaningful propensity towards corruption. Given that the existing methods of measuring corruption only apply for those who are already entrenched in the bureaucracy, our validation of a measure of cheating against real-world corruption outcomes offers an important tool for future research on selection and corruption".
Link to the research paper: http://www.nber.org/papers/w19649.pdf
- 14 days ago via site
- 14 days ago via site
#NaMo #NarendraModi #namoinbangalore #namoinpatna #Saheb
Pakistan's spy agency ISI and the most wanted don on India Dawood Ibrahim have struck a deal. The deal is to kill #NarendraModi and also to strengthen the presence of Dawood's business in #India. ISI has given Dawood Ibrahim a sum of Rs. 30 crore to get this job done.First this task was to be given to Riyaz Bhatkal but it is now under supervision of Dawood.
5 Muslim terrorist organization viz. Indian Mujahideen, Lashkar-e-Taiba, Students Islamic Movement of India (SIMI), Hizbul Mujahideen, Jamaat-Ud-Daawa have collectively undertaken this task. The sleeper cell of all the terrorist organizations have closely observed the movements of #NarendraModi and his security cover.
#NarendraModi will be attacked in one the following ways:-
1) By the use of a truck loaded with 1 ton explosives so that it could destroy #NarendraModi's cavalcade.
2) By the use of rocket launcher. This type of attacks are frequently used in attacks in Pakistan but will be first time used against India. The reason is that it could target rallying Modi from a far off distance.
3) By the use of Sniper rifle
4) By employing a suicide bomber fitted with non metallic type bombs so that it gets passed through metal detectors.
Please pass on this message to pressurize the UPA Government to give Special Protection Group (SPG) cover to #NarendraModi. SPG's protection is considered equivalent to CIA's protection to USA's President.
- 17 days ago via site
Gandhinagar: #NaMo inaugurates Tata's state-of-the-art Garima Park
Chief Minister of Gujarat Narendra Modi inaugurated the state-of-the-art, 10,000-seat campus Garima Park in Gandhinagar.
Cyrus P Mistry, Chairman, Tata Group and N. Chandrasekaran, Chief Executive Officer & Managing Director were also present at the event.
The occasion also had senior officials of the state government, business, academic and community leaders as well as senior executives from Tata Consultancy.
Garima Park is software development facility built over 25.5 acres of land with a built-up area of 1.6 million square feet.
The campus uses extensive technology to increase efficiency and reduce wastage. Solar panels, LED lighting, occupancy and light-sensitive sensors have been used to optimise power consumption, for instance. It also features a 50-seat amphitheatre, a 250-seat mutli-purpose hall, a modern gymnasium, tennis, badminton and basketball courts as well as a jogging track for employees to use.
N Chandrasekaran said, “TCS has played a pioneering role to make Gujarat an attractive IT destination for global companies and also helped drive technology-led growth by investing in talented youth of the state and building long-term partnerships with state institutions.”
He added, “We are delighted to launch our new world-class campus in Gandhinagar. This will help TCS further scale up its presence and drive the expansion of the IT industry in Gujarat.”
The campus is an approved Special Economic Zone and will serve global customers across industry segments.
- 18 days ago via site
Corruption in India to end after June, says #NaMo
Continuing his tirade against the UPA government at the Centre, Gujarat chief minister Narendra Modi on Saturday indicated that corruption — which is a major issue faced by the country — would end after June 2014.
“Corruption is a big challenge, whether our PM can tackle it or not, you can. If you don’t believe me, then just wait till June next year,” said Modi, who was speaking at the inauguration ceremony of Gujarat’s largest IT special economic zone (SEZ) Tata Consultancy Services’ (TCS) Garima Park that has a seating capacity for 10,000 people.
He added that the Gujarat checkpost on the border with Maharashtra was earning Rs400 crore more per year than the one in the neighbouring state despite the fact that the same number of vehicles passed through both the checkposts.
“We have technological supervision over our check-posts and they do not have it. Government sitting in Gandhiangar can monitor the flow of vehicles and tax collected. So, the collection on our side is high. This has not been done by any chief minister but made possible by young IT professionals,” said Modi.
The BJP’s prime ministerial candidate said exporting IT services and bringing in dollars was good for the country’s economy but the need of the hour was to use technology for the uplift of the poor.
“There is a myth that IT is only for the rich people. Technological intervention can change the lives of the poor and more and more technology can even be used to upgrade their lives,” said Modi.
Talking about the IT SEZ, the CM said whenever any development takes place in the IT sector of Gujarat, it pleases him. “There was a perception that Gujarat is far behind in soft skills, including English, because of which the IT sector could not see multifold growth. But TCS has finally broken that perception,” said Modi.
- 18 days ago via site
#NaMo addresses 3.5 lakh people in Bangalore #namoinbangalore
Bharatiya Janata Party’s (BJP) prime ministerial candidate and Gujarat Chief Minister Narendra Modi is scheduled to address around three lakh people at ‘biggest rally’ in Bangalore which will take place at the Palace Grounds.
The former state chief minister BS Yeddyurappa, who has now formed Karnataka Janata Party (KJP) after quitting BJP, is not expected to attend the rally.
Around six kitchens have been set up at the rally.
Breakfast and lunch will be provided to those attending the rally and dinner will also be given to those who have travelled from far-off areas.
Giant LED screens have also been installed and health clinics have been set up at the venue.
Around 10 special trains and 4,000 vehicles have been booked to ferry people to the venue.
Around three lakh people have reportedly registered for the rally by paying Rs 10 as entry fee each person.
BJP will donate the amount collected from the rally for the construction of Sardar Vallabhbhai Patel statue in Gujarat.
Excerpts from his Bangalore speech:
* Bangalore's youth has made the country proud. Apart from Silicon Valley, only Bangalore has some massive IT undertakings.
* The attacks on BJP and Modi have become sharper because they can neither bring about such rallies, nor digest the fact that they cant.
* I have come to this city many times, never has any election campaign visit seen such a huge rally. Like a saffron sea all around.
* For the first time, under Atal Bihari Vajpayee's govt a different IT ministry was created.
* Our youth have done well all over the world, especially in the IT sector. And Bangalore leads the way.
* In 2003 Atalji announced Moon Mission from Red Fort, in 2008 Chandrayan was a success. Mangalyaan was continuation of that S&T policy.
* They (Congress) are cut off from real world, they live in ivory towers, they are indoor players, we are outdoor players.
* UPA wants to get rid of gau-raksha, for vote bank.Just like they got rid of POTA, for vote bank. It gave rise to terrorism & Naxalvaad.
* Instead of giving subsidies to slaughter houses, If incentives had been brought in for software engineers, then the economy wouldn't have deteriorated.
* Congress promised to give jobs to youth but I ask you if they gave you jobs? No. They also rendered our youth jobless.
* We are blessed that we have a vibrant democracy. Our other strength is we are most youthful nation in the world.
* Supreme Court mey kehte hain Koyle kii file kho gayee. Arey file nahii poori sarkar kho gayee. Hindustan ki toh life kho gayi hai.
* UPA is sitting on ivory towers. They are indoor players we are outdoor players.
* The rupee is falling, looks like UPA's rupee is in ICU.
* :In 2011 Congress opened the Skill Development Advisory Office. And then, in 2013 they shut it.
* Skill development is important, but our govt has allocated just Rs 1000 cr for it. While Gujarat has allocated Rs 800 cr for it.
* UPA started pink revolution. Export of meat. Because of this,animals being cut up in large numbers.
* The government is trying to suppress the voice of youth on social media.
* They are questioning TV channels in a threatening manner why did you telecast Modi's speech on 15th August.I am just a Chief Minister.
* The government does not respect Bharat Ratna Lata Mangeshkar.
* Great men are far-sighted. But when the system falls in wrong hands, what happens you know very well.
* Our priority is to empower the youth so that India can move forward.
* A few days back, Lata Mangeshkar said that Modi should become PM. UPA said she should be ripped off her Bharat Ratna.
* In democracy do people not have the right to say what they want? Cong doesn't believe in democracy.
* The govt is not running on efficiency, it is running because of CBI.
* Chidambaram said if u spend Rs 15 for water Rs20 for ice cream why not Re 1 for rice. Is this the way to talk about urban middle class.
* Centre is not surviving because they have a majority. It is running due to CBI.
* In Wankhede, people were betting will Sachin score a century or will onion prices reach a century.
* They keep saying power is poison, and pretend to 'protect' people from this 'poison'. This so called poison is only for one family?
* We need to move forward towards clean governance. We need to eradicate stagnancy. I have full faith in the citizens of this country.
* Now chant with me, " Bharat Mata Ki Jai!"
* I thank the 3.5 lakh people who paid Rs10 to come for this rally, it is an honor.
The rally in Karnataka is crucial for the party which is hoping to work the Gujarat Chief Minister magic to bring the party back to power in the state.
The BJP had lost the Karnataka Assembly polls earlier this year and Congress came to power.
Karnataka has 28 seats in the Lok Sabha and of those, 19 seats are held by the BJP. However, BJP’s recent poor show in the state Assembly polls will weigh heavy on the party’s state.
The B S Yeddyurappa factor will also be critical for the BJP, as it is in a predicament on whether to bring the former chief minister back into its fold or rely on his outside support.
Yeddyurappa formed his own political party Karnataka Janata Party (KJP) after splitting with BJP a year ago.
- 18 days ago via site
Mass appeal: why crowds come to hear #NarendraModi #NaMo
No matter that Narendra Modi's election rally on Friday was held in a field outside a remote town not far from the border with Nepal.
Still they came, on foot, clinging to the back of tractors, crammed into rickety buses.
In the end up to 50,000 people gathered before a stage decorated with the orange colours of Modi's Bharatiya Janata Party (BJP), to hear the 63-year-old harangue the government and encourage them to dream of a better future.
Admiration for Modi bordered on a personality cult in Bahraich, a small town surrounded by fertile fields in Uttar Pradesh, home to 200 million people and a crucial battleground for anyone wanting to control parliament.
"If he becomes prime minister, he'll bring about a sea change in the countryside," said Atul Kumar Singh, a student. "He's an honest politician and I'm 110% sure he'll be the next prime minister," the 21-year-old said.
Modi's campaign has focused on fighting corruption, seen by many in the country as the source of many of their problems, and replicating the economic success he enjoyed as chief minister of Gujarat, which many voters in Uttar Pradesh openly envy.
That, combined with fatigue at 10 years of Congress rule, economic stagnation and the ruling party's weak response so far to Modi's vigorous campaign, has made him the early favourite to replace Manmohan Singh as India's leader.
"Things are going so badly," said Ravi Kumar Yadav, 25, a farmer, who until recently supported one of Uttar Pradesh's main regional parties but now backs the BJP.
"You can't get anything done without paying a bribe, and the price for everything has gone through the roof."
Nationally, Modi remains a divisive candidate tarnished by riots in Gujarat 11 years ago, near the beginning of his chief ministership, in which more than 1,000 people were killed, most of them Muslims.
He has vehemently denied he failed to stop the violence, and a Supreme Court inquiry found no evidence to prosecute him.
That has not been enough to convince India's 150 million-200 million Muslim population, and, although some 40% of people living in Bahraich are Muslims -- well above the national average -- their presence at the Modi rally was negligible.
"ENOUGH IS ENOUGH"
After arriving at the venue in a helicopter to cheers, Modi renewed his attack on politicians he said were in it for personal gain, and vowed to make them accountable if he and his party were returned to power.
"They know that if our BJP government is formed in Delhi, those who are responsible for ruining this nation will end up where they deserve to be," he shouted, eliciting loud applause.
"Enough is enough. Now the time has come for them (Congress) to go."
Speaking without notes, he joked, jumped nimbly from national issues to local ones, and promised to do with the economy of Uttar Pradesh what he had done in Gujarat.
He said he would wipe out terrorism, after six people were killed by blasts at a Modi rally in Patna last month, which authorities blamed on the home-grown Indian Mujahideen group that holds him responsible for the 2002 bloodshed.
And he took another swipe at Rahul Gandhi, who is likely to lead Congress' fight against him in the run-up to elections that must be held by May.
A scion of the dynasty that has ruled India for most of its independence from Britain in 1947, Gandhi has so far failed to match Modi's mass appeal, and risks falling further behind as his challenger criss-crosses the country in search of votes.
Modi has cast the political battle as one between a "prince" and a man of the people who worked up through the ranks from humble roots, striking a chord with many Indians.
- 26 days ago via site
For saying #NaMo will win next election, Goldman Sachs slammed by Indian govt
Global investment banker Goldman Sachs today came under attack from government and the Congress over upgrading Indian markets on a likely Narendra Modi's election win but the US-based firm stood by its report.
In its justification, Goldman Sachs said the report was prepared on the basis of investor sentiments and does not reflect political bias.
Irked by the report, which suggested a victory of Narendra Modi-led BJP in the next year's general elections, Commerce and Industry Minister Anand Sharma said it is "most inappropriate and objectionable".
The 18-page report titled 'Modi-fying our View: Raise India to Marketweight' also described the BJP's Prime Ministerial candidate as more business-friendly.
Sharma retorted saying India's growth story is intact.
"We don't need these kinds of daily certification or assurances. We are a self confident nation.... We surely would not be entertaining prescriptive approaches or prescriptions from those who are totally disconnected....
"Do we tell other countries that what their voters should decide. Respect democracy and respect the country," he said.
Congress General Secretary Digvijay Singh added his bit saying investment bankers should stick to what they specialise in--economy- and not indulge in political speculation.
"It is for the people of the country who will decide (about electing a new government) not these agencies. They should confine themselves to economy," he said.
In its report earlier this week, Goldman Sachs had upgraded India's rating to marketweight from underweight and equity investors view Narendra Modi as an "agent of change".
"Currently, the macro challenges that India faces in terms of external and fiscal imbalances, high inflation and tight monetary policy are being dominated by expectations of political change," it had said.
In a statement today, Goldman Sachs said its report contained "no political bias nor any political opinion by Goldman Sachs or its analysts.
"It simply notes that investor sentiment is being influenced by party politics. We stand by that assertion and by our research".
Talking to reporters in Mumbai, Goldman Sachs India CEO Bunty Bohra said: "Research is independent, and it is not like it is my view. It is the research department independently saying what is going to happen."
Meanwhile, the US-based rating agency Standard & Poor's yesterday said it would take a call on revising India's sovereign rating after looking into the economic policies of the next government.
- 26 days ago via site
After Goldman, #CLSA goes gaga over #NaMo
Two days after Goldman Sachs upgraded India on hopes the Narendra Modi-led Bharatiya Janata Party (BJP) would form the next government at the Centre, another leading foreign brokerage, CLSA, on Friday attributed the recent rally in stocks and the rupee to expectations that Modi would emerge successful in the 2014 Lok Sabha elections.
In his newsletter Greed & Fear, CLSA strategist Christopher Wood said, “Greed & Fear hears opinion polls are predicting the NDA (National Democratic Alliance) coalition, led by the BJP, could win between 187 and 195 seats in the general election…But perhaps, more interesting than the polls, which are notoriously unreliable in India, Modi is reportedly to be drawing six-eight times the crowds Rahul Gandhi of the Congress has been attracting in the past few days.”
The benchmark Sensex, which recently surpassed its previous all-time high, has gained 15 per cent to 20,666 from an 11-month low of 17,905 on August 21. The rupee has gained about 10 per cent since August-end.
“Indeed, so eager are crowds to see the charismatic Modi, Greed & Fear has read recent news reports that they have even been paying to see him speak. Normally, in developing countries, mobs are paid to attend such rallies,” Wood said.
On Tuesday, in a note titled ‘Modi-fying our view: raise India to Marketweight’, Goldman Sachs had said a BJP-led government might be beneficial for the investment demand pick-up. Reacting to the report, commerce and industry ministry Anand Sharma said Goldman was indulging in political interference. Market participants said such a retort to research reports by governments was unheard of and showed the Congress party was nervous about an unfavourable political outcome. Investors have blamed the Congress-led United Progressive Alliance government for the current downturn.
Responding to the minister’s allegation, Goldman said it stood by its report, based on investor sentiment, adding it didn’t have any political bias.
In his report, CLSA’s Wood reiterated the stock market could see a “dramatic rally” if the “BJP candidate” could record a visible majority, a prospect thought to be inconceivable a year ago. “This is because business confidence will rise dramatically, and with it, the chances of a new investment cycle. If BJP gets to 190-200 seats on its own, it will be in a strong position to form a viable coalition government,” he said.
CLSA said the results of the four state Assembly elections next month would be a test of Modi’s momentum. “The BJP wave is apparently clear in three of these four state Assembly elections — Rajasthan, Madhya Pradesh and Chhattisgarh,” it said.
CLSA also said the rise in the stock market and the rupee might not necessarily play in Modi’s favour, as his electoral prospects would rise if the sentiment was weak due to the economic crisis or a weak rupee.
- 26 days ago via site