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Mukesh Ambani tops Forbes list of 101 Indian billionaires

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mukesh ambani

New York, March 21 : India has the fourth largest number of billionaires globally, with Reliance Industries (RIL) Chairman Mukesh Ambani heading the list of more than 100 high net worth individual Indians, as per the latest listing by American magazine Forbes.

The US, with 565, has more billionaires than any other nation. China comes next with 319, while Germany is at number three with 114.

Microsoft co-founder Bill Gates heads the list for the fourth year in a row with a fortune of $86 billion, up from $75 billion last year.

Mukesh Ambani tops the list of Indian billionaires, and is placed 33rd with a net worth of $23.2 billion.

Forbes said the RIL chairman sparked a price war in the Indian telecom market with the launch of the Jio4G phone service last September. His younger brother Anil is ranked 745th with a net worth of $2.7 billion.

The US magazine said Anil Ambani “orchestrated the merger of his Reliance Communication’s telecom business with that of rival Aircel, controlled by Malaysian billionaire Ananda Krishnan. The combine, which awaits regulatory approvals, will be the country’s fourth-largest mobile phone operator”.

ArcelorMittal Chairman Lakshmi Mittal follows next at the 56th spot with a net worth of $16.4 billion.

About Mittal, Forbes said: “The world’s biggest steelmaker also got a reprieve from import tariffs on steel imposed by the US and Europe and a one-time $832 million saving from a new labour contract signed last year with its US workers.”

Mobile wallet Paytm founder Vijay Shekhar Sharma is ranked 1,567 with his net worth of $1.3 billion and is “one of the biggest beneficiaries of the government’s decision to demonetise 86 per cent of India’s rupees and move to a cashless economy”, Forbes said.

Other Indians in the list include Wipro Chairman Azim Premji (72), Adani Group founder Gautam Adani (250), Bajaj Group Chairman Rahul Bajaj (544), investor Rakesh Jhunjhunwala (939), Infosys co-founder NR Narayana Murthy (1,161), Dabur Chairman Emeritus Vivek Chand Burman (1,290), Infosys co-founder Nandan Nilekani (1,290), Wockhardt chair Habil Khorakiwala (1,567), Mahindra group chief Anand Mahindra (1,567) and Yes Bank head Rana Kapoor (1,795).

Only four women billionaires from India feature in the list, led by Savitri Jindal at 303rd with a net worth of $5.2 billion.

“After declining last year, the fortune of steel and power clan, whose matriarch Savitri Jindal chairs the OP Jindal Group, rose as steel prices recovered,” Forbes said.

Smita Crishna-Godrej from the Godrej group is ranked 814th, followed by Biocon founder Kiran Mazumdar-Shaw (973) and Leena Tewari (1,030).

India

AIIMS INICET Result 2020 announced; How to check merit list here

The candidates who had taken the exam can check their result through the official portal at aiimsexams.org.

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Results

All India Institute of Medical Sciences has announced the result of the Institute of National Importance Combined Entrance Test (INI CET) 2021 on its official website on Friday. The candidates who had taken the exam can check their result through the official portal at aiimsexams.org.

The INICET 2020 was conducted on November 20 in computer-based test mode.

All candidates (including those who have not qualified) have been awarded percentile score on the basis of their performance in INI-CET conducted on November 20, 2020. This can be viewed in MyPage on portal (www.aiimsexams.org) after login using Candidate ID and Password.

Steps to check INICET Result 2021:

  • Step 1: Go to the official website — aiimsexams.org
  • Step 2: Click on the result tab given on the homepage
  • Step 3: Check the result notification that reads “Percentile Secured by the Candidates of INI CET courses [MD/ MS/ MCh(6 yrs)/ DM(6 yrs)/ MDS] Jan-2021 Session”
  • Step 4: Key in your registration id, password
  • Step 5: Your INICET Result will be displayed on the screen
  • Step 6: Download and take its print out for further needs.

The Qualifying percentile of the qualified candidates has been determined according to the pattern & scheme of Examination.

Candidates were needed to upload valid PWBD, OBC/EWS Certificate, Sponsorship certificate as applicable in the prescribed format by the date November 20, 2020. If any qualified candidate did not upload any of the required certificates then, they must upload the same as applicable by December 4, 2020 up to 5 PM.

The detailed procedure for making choice & preference of Institute and Subject for seat allocation on the basis of INI-CET Rank will be avaiable on the portal at aiimsexams.org.

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NCP MLA Bharat Bhalke dies due to post-COVID complications at Pune’s Ruby Hospital

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Bharat Bhalke

Nationalist Congress Party (NCP) MLA Bharat Bhalke passed away on Saturday at Pune’s Ruby Hospital. He was admitted for post-COVID complications and was kept on a ventilator since Friday.

Bhalke was the MLA from Pandharpur-Mangalwedha assembly constituency from Solapur district. He was tested Covid-19 positive on October 30. He recovered, but later developed kidney-related problems.

Maharashtra Health Minister Rajesh Tope expressed grief over Bhalke’s demise. “The news of the death of Bharat Bhalke, MLA of NCP’s Pandharpur-Mangalvedha assembly constituency is very shocking. With his demise, an influential orator and dedicated leader passed away. I share the grief of the Bhalke family. A heartfelt tribute,” the Maharashtra Minister tweeted.

Bhalke was a third time MLA from Malshiras Pandharpur assembly constituency. He quit the Congress in 2019 and tried to join the BJP, but was unable to get a seat. He contested the election on NCP ticket and won it.

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“PM Needs To Understand…”: Rahul Gandhi On Recession

The centre is expecting the recent easing of farm and labour laws, along with tax incentives, to bolster manufacturing and lure more foreign investment.

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Rahul Gandhi

New Delhi: Congress MP Rahul Gandhi today took a swipe at the government over reports that the economy has gone into a recession and crores have been left unemployed. He pointed to the basic job scheme MGNREGA, which was launched by the Congress-led United Progressive Alliance government, as having made to remain idle with “three crore people still looking for work”.

“Under PM Modi, India’s economy is officially in a recession for the first time ever. More importantly, 3 crore people are still looking for work under MNREGA. Economy cannot be ordered to grow by diktats. PM needs to first understand this basic idea,” Mr Gandhi tweeted, in what was seen as an allusion to PM Modi’s often overnight announcements that result in sweeping policy changes immediately.

Under PM Modi, India’s economy is officially in a recession for the first time ever.

More importantly, 3 crore people are still looking for work under MNREGA.

Economy cannot be ordered to grow by diktats. PM needs to first understand this basic idea.

— Rahul Gandhi (@RahulGandhi) November 27, 2020
From sudden demonetisation in November 2016 to the announcement of the lockdown in late March necessitated by the coronavirus pandemic, which led to hardships, opposition leaders have been attacking PM Modi over decisions that they say were taken without considering their impact on a vast number of the population.

The country’s gross domestic product (GDP) also shrank for the second straight quarter through September, although it showed signs of a pick-up after the easing of pandemic restrictions that triggered a record contraction in the previous quarter.

The GDP in July-September quarter contracted 7.5 per cent on year, data released by the National Statistical Office today showed, compared to a decline of 23.9 per cent in the previous three months.

Annual growth of 3.4 per cent in farm sector and 0.6 per cent in manufacturing during September quarter raised hopes of an early recovery as the government gears up to distribute COVID-19 vaccine whenever it becomes available.

The centre is expecting the recent easing of farm and labour laws, along with tax incentives, to bolster manufacturing and lure more foreign investment.

India is not alone in suffering from economic troubles because of the pandemic. Several other nations have seen their economy shrink as manufacturing slows down.

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