Nehru Development Model failed India: EAM Jaishankar NEW DELHI: The “Nehru Development Model” inevitably produced a Nehru foreign policy and the government is seeking to correct that abroad, just as it is trying to reform the consequences of the model at home, External Affairs Minister S Jaishankar said on Sunday. ”In fact, the resistance to one is based on an attachment to the other. In my view, the two need to be tackled as an integral whole. The paradox is, that for more than three decades now, there is actually a national consensus, that this development model eventually failed the country,” he observed at the launch of “The Nehru Development Model” book by former NITI Aayog vice chairman Prof Arvind Panagariya. However, he said there is still a reluctance to confidently explore alternatives. ”As a result, we usually end up doing the reforms we must, rarely the reforms we should,” he added. The minister said there was a strong ideological drive in India to advance a particular economic model for the country after it attained freedom. The belief which propelled it was modulated from time to time, but never fundamentally changed. Its root cause was an analysis that the only counter to imperialism lay in socialism, he said. ”Not just in general terms, but one particular paradigm that was centered around heavy industry. For that reason, the author (Prof Panagariya) actually characterised it as a Nehru Development Model. Now, this may have worked for the USSR; or at least it appeared to do so then. The problem was that India was not the USSR,” the minister said. Mr Jaishankar noted that Prof Panagariya has suggested in his book that Nehru’s choices set India on a deterministic path. ”The model and its accompanying narratives permeated our politics, the bureaucracy, of course the planning system, the judiciary, the public space including media, and most of all, teaching. Think about it: both Russia and China today, reject unambiguously, the economic assumptions of that period, which they did more than anyone else, to propagate. Yet, these beliefs appear to live-on with influential sections of our country even today. Certainly, after 2014, there has been a vigorous effort towards course correction. But the author does suggest – with good reason – that it still remains an uphill task,” he added. He said there is no question that India has benefited from greater openness in the last 33 years. But the situation today is much more complex than before. ”We live in an era of weaponised economics, one that throws up questions as to what exactly we are exposing abroad, and to whom. This is aggravated by increasingly technology-centric growth and high data sensitivity. The key concepts, therefore, today are less of openness, and more of resiliency, reliability, redundancy and trust. In the debates that understandably take place in this domain, perhaps ‘openness with caution’ is a better approach,” he added. He was of the view that ”Atma nirbharta” (self-reliance) should not be taken as a synonym for protectionism. ”It is actually a call to think and act for ourselves, as much as it is to ensure national security,” he added. Agencies
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FORT WORTH, Texas, Dec. 13, 2024 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL) announces that its Board of Directors approved a three-for-one forward stock split of its common stock. The Board also approved a proportionate increase in the number of authorized shares of common stock to accommodate the stock split. The Board did not approve an increase in the number of authorized shares of preferred stock. The implementation of the stock split and authorized share increase is subject to the filing of an amendment to the Company’s Fourth Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware, which the Company expects to file on December 24, 2024. “Our stock price has seen extraordinary growth over the past several years fueled by our strong financial performance and the successful execution of our strategic plan. We believe it is the right time to effect a forward stock split to increase the accessibility of our stock to potential investors while maintaining our focus on delivering our customers enhanced technological solutions for the management of their healthcare needs,” said Michael G. Combs, the Company’s President, Chief Executive Officer and Chairman of the Board. Following the filing and effectiveness of the amendment, every one share of common stock outstanding or held in treasury on December 23, 2024, the record date for the stock split, will be split into three shares of common stock. Subject to final approval by the Nasdaq Global Select Market, trading is currently expected to begin on a post-stock split adjusted basis at market open on December 26, 2024. Cautionary Note Regarding Forward-Looking Statements This Press Release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which statements are subject to considerable risks and uncertainties. Forward-looking statements include all statements other than statements of historical fact contained in this Press Release, including statements regarding the implementation and timing of the stock split and authorized share increase, and the timing of trading on a post-stock split basis. Forward-looking statements involve known and unknown risks and uncertainties that may cause our actual results to differ materially and adversely from those expressed, assumed, or implied by the forward-looking statements. Some of the risks and uncertainties that may cause actual results to materially differ from those expressed or implied by these forward-looking statements are described in the section entitled “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended March 31, 2024, as well as in our Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission. Any forward-looking statement made in this press release is based only on information currently available to the Company and speaks only as of the date on which it is made. Except as required by applicable law or the listing rules of the Nasdaq Global Select Market, the Company expressly disclaims any intent or obligation to update any forward-looking statements, or to update the reasons actual results could differ materially from those expressed or implied by these forward-looking statements, whether to conform such statements to actual results or changes in expectations, or as a result of the availability of new information. Contact: Melissa Storan Phone: 949-851-1473 www.corvel.comPune: Many churches in the city, including Holy Name Temple, Saint Mother Teresa, Immanuel Church, Holy Angel, Christ Church, Brother Deshpande Church, St Anthony Shrine, St Xavier Catholic, St Mary and St Anthony, have put up attractive decorations to celebrate Christmas, commemorating the birth of Jesus Christ. Some churches also organised social and cultural programmes. Immaculate Conception Church (City Church) solemnised a special mass for senior citizens at 8.30 pm. “On behalf of all priests, nuns and the people of City Church, the oldest and first church of the city, I extend warm greetings to everyone of peace, joy and goodwill on Christmas. The theme of this year’s Christmas is ‘Hope’, giving hope to children, youth, families, old people, migrants, victims of digital technology and our planet Earth,” said Father Lui Heredia, parish priest, City Church.
AP News Summary at 2:44 p.m. ESTStreaming giant Netflix Inc NFLX recently streamed a live boxing event featuring a match between Jake Paul and Mike Tyson which led to difficulties for consumers trying to watch the fight. The company's co-CEO Ted Sarandos highlighted the success of the fight and what's ahead for live sports events in a recent interview. What Happened: Netflix saw unprecedented demand for the Nov. 15 boxing match between Paul and Tyson with 109 million people watching the fight globally, according to Sarandos. "We were pushing the (internet service provider), every ISP in the world, right to the limits of their own capacity. We were stressing the limits of the internet itself that night," Sarandos said at a UBS conference earlier this week, as reported by The Hollywood Reporter. Sarandos said the company had a control room in Silicon Valley that worked on fixing internet issues due to the "unprecedented demand that was happening." The Netflix co-CEO highlighted the combined efforts of the content team, marketing, publicity and social media teams to help make the fight as big as it was. "It's really phenomenal. It's a Super Bowl-like audience that we were able to draw for this fight." Read Also: Netflix Q3 Earnings: Revenue Beats, EPS Tops, Q4 Guidance Projects Subscriber Boost From ‘Squid Game,’ NFL, And Boxing What's Next : Netflix has a quick turnaround to prepare for huge demand for its next live sporting event. The company hosts two National Football League games on Christmas Day. While the NFL games might not have as big of an audience as the boxing match, the fact the Kansas City Chiefs play in one game and Beyoncé is performing at halftime in the other could increase the audience compared to normal NFL games. "It is Christmas Day. So you will be aware that it is Christmas Day, the show and the broadcast itself, and all the entertainment that's wrapped around it will all be very special and very unique, and I think, bigger than the game itself," Sarandos said. The Netflix executive said the company is preparing to offer more "big-scale live events" and do them more frequently. This means the company will likely need to make sure the NFL games see fewer issues than the boxing event to keep customers happy as at least one class-action lawsuit hit the company over the buffering issues during the boxing match. For Netflix, live sports events offer a way to gain subscribers and diversify its content. The events also allow the company to grow its advertising revenue with the ad-supported plans a growing focus. Sarandos said the NFL games and upcoming WWE events have brought "a lot of demand" from advertisers. The Netflix executive said the company may have left money on the table with advertising revenue for the Paul-Tyson match. "If we knew the audience would be that big, we probably would have done a lot more selling on that fight." Netflix begins broadcasting WWE events in January as part of an agreement with the company's owner TKO Group Holdings TKO . Sarandos said WWE fits into the mold of a younger audience and treats sporting contests like big events. "We also liked it because for a sport, it also has a 40-person writer room, so it's much closer to our current wheelhouse of creating and storytelling." While Netflix has bid on media rights for sports leagues in the past, comments from Sarandos suggest the company would prefer to push for unique events instead of a full season. NFLX Price Action: Netflix stock is down 1% to $918.07 on Friday versus a 52-week trading range of $461.86 to $941.75. Netflix stock is up 96% year-to-date in 2024. Read Next: ‘Squid Game’ Season 2 Includes New Games, Contestant With A Crypto Background, Revenge Factor, Political Overtones Courtesy: Netflix © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
BROOKLYN, N.Y. , Dec. 24, 2024 /PRNewswire/ -- This New Year's Eve, elevate your celebrations with the world's most luxurious cookie cake: The Dank Decadence Cookie Cake , by Laced Bakes , the innovative infusion bakery redefining indulgence. Designed for the adventurous palate, this decadent treat pairs rich chocolate flavors with customizable terpenes, offering a curated experience to elevate your mood, focus, or relaxation. Available in 250mg ($145) , 500mg ($275) , and 1000mg ($550) doses, the Dank Decadence Cookie Cake is crafted for enthusiasts who demand both flavor and function. Unlike overpriced and underwhelming competitors, this cookie cake doesn't just sit pretty—it delivers tangible effects tailored to you. Customize Your Experience: "Why settle for empty luxury when you can have indulgence that actually does something?" says Crystal Grant , founder of Laced Bakes. "We wanted to create a cookie that doesn't just taste amazing but elevates your entire experience—whether it's a party or a quiet night in." Pre-Order Now: Pick up your Dank Decadence Cookie Cake on December 30th and 31st to kickstart your New Year's celebration on the perfect high note. Quantities are limited—don't miss out on this one-of-a-kind treat. Coming Soon: Stay tuned for the grand opening of Laced Bakes' members-only lounge in Brooklyn , offering exclusive events, infused menu items, and a community space for food and cannabis enthusiasts alike. For more details, visit www.lacedbakes.com or follow us on social media: Instagram: @laced.bakes | TikTok: @lacedbakes | Facebook: Laced Bakes | X: @lacedbakes | Discord: @lacedbakes Elevate your indulgence with Laced Bakes. Contact: Crystal Grant , Founder of Laced Bakes, press@lacedbakes.com Location : 1096 Broadway, Brooklyn, NY 11221 Website : www.LacedBakes.com View original content to download multimedia: https://www.prnewswire.com/news-releases/laced-bakes-launches-the-dank-decadence-cookie-cake-the-ultimate-luxury-treat-that-delivers-302339021.html SOURCE Laced Bakes
KUWAIT: The Ministry of Finance announced on Sunday that it has signed a memorandum of understanding (MoU) with Microsoft to advance digital transformation, develop financial and administrative systems, and enhance training and artificial intelligence. The MoU was signed in Seattle, with Kuwait’s Undersecretary of Finance, Aseel Al-Munifi, representing the country and Microsoft’s Executive Vice President of Public Sector, Angela Heise, signing on behalf of the company. The agreement follows a series of meetings between the two sides over the past few months. In September, His Highness the Crown Prince Sheikh Sabah Al-Khaled Al-Sabah met in New York with Microsoft Chief Commercial Officer Judson Althoff to discuss potential economic and investment cooperation. Building on that dialogue, Minister of Finance Noura Al-Fassam met with Microsoft official Angela Heise the following month to explore opportunities for collaboration, particularly in the areas of digitization and artificial intelligence. During the meeting, Microsoft outlined its support for Kuwait’s digital transformation goals, with a focus on enhancing cybersecurity and accelerating the adoption of advanced technologies. Both parties agreed to continue their discussions, which ultimately led to the formal agreement announced on Sunday. The MoU aims to establish a timeline for developing financial systems and services, accelerating digital transformation through the latest technologies, particularly artificial intelligence and cloud services. It is part of the ministry’s efforts to enhance its financial systems and services, especially for government entities. Microsoft has committed to providing technical support to help the ministry achieve its goals. Additionally, Al-Munifi met with Kirk Arthur, Microsoft’s Business Strategy Leader for the public sector, who outlined the steps Microsoft follows in its global partnerships with government entities. The ministry also plans joint workshops with Microsoft to develop a detailed cooperation plan, define necessary steps for each program, and identify the expertise required to implement the plans and address issues within a clear, specific timeline.RJ Thompson scored 23 points -- including the go-ahead 3-pointer with 56 seconds left -- as Charleston Southern shocked host Miami 83-79 on Saturday afternoon. Miami entered the game as a 23.5-point favorite. Charleston (2-7) won its first game of the season away from home after losing its previous six road or neutral-court contests. The Buccaneers also got 21 points from Thompson Camara and 20 points and 11 rebounds from Taje' Kelly. Camara match his previous career point total. Miami (3-4), playing at home for the first time in two weeks, lost its fourth straight game. Brandon Johnson led Miami with 23 points and freshman Austin Swartz scored a career-high 15. Swartz entered the game averaging just 2.3 points For the first time this season, Miami was without Nijel Pack, who has a lower-body injury. Pack leads the team in scoring (15.2) and assists (4.7). With Pack out, five-star freshman Jalil Bethea made his first start and had six points. The game featured quite a contrast in coaches. Miami's Jim Larranaga, 75, has won 743 games in 41-plus seasons. Charleston Southern's Saah Nimley, 31, is in his full first season as a head coach. He was named interim coach in November 2023. In the first half, Miami raced to a 17-10 lead. However, Charleston Southern posted an 11-0 run to grab a 21-17 advantage. The Hurricanes lost control late in the first half as Miami's Johnson hit a 3-pointer and was hit with a technical foul for taunting. Later in the first half, Larranaga was also hit with a technical. By the end of the half, the Buccaneers led 45-37. Camara led Charleston Southern with 16 first-half points on 6-for-7 shooting, including 4-of-5 on 3-pointers. Johnson scored 12 for Miami in the opening half, all on 3-pointers. In the second half, Charleston Southern stretched its lead to 13. Miami rallied as the clock wound down. With 38 seconds left, Miami called a timeout while trailing 81-79. With 15 seconds left, Swartz missed a 3-pointer and the Buccaneers got the rebound. Daylen Berry made two free throws with 11 seconds left to ice the game. Up next, Miami will host No. 19 Arkansas on Tuesday night as part of the ACC/SEC Challenge. Charleston Southern will return home to face Tennessee-Martin on Tuesday night. --Field Level MediaNone
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