A Buffett fan bets big on Edelweiss
Buffett fan Pabrai is betting on Edelweiss' Shah. Will it pay off? Through Pabrai Wagons Fund, he holds 1.3% stake in Edelweiss Financial and is confident of its multi-bagger potential. Can Shah deliver? Operation Sindoor, Turkey, Bangladesh loomed as India hosted global airlines after 42 years Even as global airline chiefs gathered at Delhi's Bharat Mandapam for the IATA AGM, geopolitics was unfolding behind the scenes. We are already a global
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United News of India
4 hours ago
- United News of India
Cooperation is the soul of India's way of life: Amit Shah
Mumbai, June 20 (UNI) Cooperation is the soul of India's way of life, said Union Minister for Cooperation Amit Shah in Mumbai on Friday. He was speaking at the 'Sahakar Se Samriddhi' National Symposium organized at Hotel Fairmont today. Chief Minister Devendra Fadnavis, Deputy Chief Minister Eknath Shinde, Cooperation Minister Babasaheb Patil, Agriculture Minister Adv. Manikrao Kokate and several others were present. Shah said that UN has declared 2025 as the 'International Year of Cooperatives'. Prime Minister Narendra Modi took a historic step by establishing a separate Ministry of Cooperatives in the country. Now the aim is to establish two lakh new Primary Agricultural Credit Societies (PACS) in the country, he said. He further said that information about cooperative societies in every village across the country has been collected through a digital database, and Maharashtra, Goa and Karnataka have made remarkable achievements in the cooperative sector. PACS societies will now not be limited to agriculture alone but will operate in 22 new service sectors. These include Jan Aushadhi Kendras, gas distribution, petrol pumps, railway ticketing services, taxi services. In the 'National Taxi' initiative, the taxi drivers will be the owners of the vehicle and their profits will be deposited directly in their bank accounts, he said. This initiatives will create new employment opportunities for women and youth, and will boost the rural economy. The country is moving towards a new era of cooperation said Shah. Speaking on occasion, Chief Minister Devendra Fadnavis said that Maharashtra has successfully implemented various schemes in rural areas through PACS and FPOs (Farmer Producer Organizations). These schemes have given a boost to employment generation and have provided a market chain to farmers. Maharashtra has fulfilled the objectives of the central government more efficiently, Fadnavis said. He further said that Maharashtra has a 120-year tradition of cooperation and this historical land is to celebrate the International Year of Cooperation. UNI SP RN
Time of India
5 hours ago
- Time of India
Shah: Govt intervention helped stop farmers' suicides in Maha
Mumbai: The govt's intervention by way of consistent investment in ensuring there will be no droughts has helped to stop farmer suicides in Maharashtra, Union home and cooperatives minister Amit Shah said on Friday. Shah was in Mumbai to address a national seminar on International Cooperatives Year, 2025, as well as inaugurate the headquarters of the Maharashtra Chamber of Commerce, Industry and Agriculture. "When I started out in politics, farmers committing suicide in Maharashtra was a national discussion. Several commissions were set up, reports published, govts changed... The first Mahayuti govt implemented Jal Yukta Shivar Yojana and then the second was the Eknath Shinde govt and now the third govt. For Vidarbha and Marathwada, which have been drought-prone regions since the time of Chandragupta Maurya, we planned investments such that there would be no droughts and it was then that farmer suicides stopped," he said. Shah said there can be neither agriculture nor industry without water, and without these, there can be no trade. "We focused on all these things. This happens when someone goes to the root of a problem. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like [Click Here] - 2025 Top Trending Search - Local network access Esseps Learn More Undo All over the country and for every state I can make this speech, and therefore the country's economy has gone up from 11th to 4th position. There has been symmetric development across the country. In the 2014 budget, investment in infrastructure was Rs 1.51 lakh crore, which has now gone up to Rs 10.55 lakh crore. Railways, ports, airports have gone up and the maximum benefit is to industry," he said. Comparing benefits to Maharashtra under the UPA govt and the Modi govt, he said at that time (UPA) too, there was a double-engine govt, yet Maharashtra was left to its fate. He said the double-engine Modi govt has implemented projects worth Rs 7 lakh crore to address issues of Mumbai, from coastal road to metros to housing. Between 2004 and 2014, Maharashtra received Rs 1.91 lakh crore in devolution and grant-in-aid, while PM Modi allocated Rs 7.8 lakh crore between 2014 and 2024. Maharashtra, he said, has the most startups, the largest port is being built at Vadhavan, and it is leading the bullet train project. The Modi govt, he said, has given the state 11 Vande Bharat trains, 128 railway stations have been upgraded, 3 of the 11 industrial corridors are in Maharashtra, the Dighi industrial area has been sanctioned, and the Samruddhi Expressway built. Of the 12 textile parks sanctioned, seven are in Maharashtra, he said.
Time of India
14 hours ago
- Time of India
UPA abandoned Mumbai to its fate, Mahayuti saved it with massive infra investment: Amit Shah
Mumbai: Union home minister Amit Shah on Friday said the UPA regime neglected Mumbai, but the BJP-led Mahayuti government "saved" it with over Rs 7 lakh crore of infrastructure projects. Investments in the irrigation sector helped end the spate of farmer suicides in Maharashtra, a problem that had been afflicting the state for many decades, the senior BJP leader said. Speaking at the inauguration of the new headquarters of the Maharashtra Chambers of Commerce, Industry and Agriculture here, Shah said India will move up one place to be the third largest economy by 2026-27, and claimed there has been a "symmetric" development in the country over the last 11 years. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Simple Morning Habit for a Flatter Belly After 50! Lulutox With elections to the Mumbai municipal corporation around the corner, Shah said till a few years ago he used to fear what would happen to Mumbai given its problems like population explosion, old and creaking housing, slums, and traffic congestion. Congratulating Chief Minister Devendra Fadnavis for reversing the situation, Shah said Fadnavis helped the state, and noted that the state also benefited when Eknath Shinde led the previous government where Fadnavis was deputy CM. Live Events Before 2014, there was a "double engine" government of Manmohan Singh and Sonia Gandhi at the Centre with NCP's Sharad Pawar also being part of it, yet the Congress-led ruling alliance "left Mumbai to its fate" for those ten years, he alleged. "The double engine governments under Narendra Modi (at the Centre), and Fadnavis-Shinde (in the state) have saved Mumbai with investments of Rs 7 lakh crore," Shah said. To highlight the BJP-led government 's achievements, he listed infrastructure projects such as the 337-km Metro network at an investment of Rs 1.50 lakh crore, Rs 1.08 lakh crore Bullet train between Mumbai to Ahmedabad, Rs 80,000 crore, greenfield port at Wadhawan, Rs 17,000 crore Atal Setu trans-harbour bridge, Rs 55,000 crore Versova-Virar sea-link and Rs 60,000 crore Virar-Alibag multimodal corridor. Shah also asked if the people now criticizing the style of functioning of the BJP governments had the vision to plan such projects, and added that if they had implemented such projects, Fadnavis would have been left with nothing to do. There are also accusations and criticism regarding ongoing slum rehabilitation projects, Shah rued, without mentioning any specific project. Notably, the opposition has been targeting the BJP government over the Dharavi redevelopment project involving the Adani group. The Fadnavis government also implemented projects in the rest of Maharashtra, he said, citing the examples of new airports at Shirdi and in Sindhudurg district. When he entered politics, farmer suicides in Maharashtra were being discussed at the global level, Shah said, adding that BJP-led governments boosted investment in irrigation which ensured that farmer suicides ended in the state. Replying to criticism of Maharashtra facing injustice in central allocations, Shah said the total devolutions and grant-in aid to the state increased to Rs 7.82 lakh crore between 2014 to 2024, against Rs 1.91 lakh crore between 2004 to 2014 during the UPA era. Additionally, grants were given to irrigation and infrastructure projects as well, the Union minister said. Shah urged industry chambers like MACCIA to sensitise the government about the challenges faced by its members for better policy outcomes, recalling how suggestions to build the Konkan Railway by lobby groups helped economic growth. Underlining that global events like Israel- Iran and Russia-Ukraine wars are having an impact on the domestic economic activity, Shah said business chambers should engage professional bodies to be relevant, which is possible if they continue to make necessary changes in their functioning. Shah also asked MACCIA to introspect on its own policies and think of how to get young blood into its working.
