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BBC, Dec 26: Former Indian prime minister Manmohan Singh has died at the age of 92. Singh was one of India's longest-serving prime ministers and he was considered the architect of key liberalising economic reforms, as premier from 2004-2014 and before that as finance minister. He had been admitted to a hospital in the capital Delhi after his health condition deteriorated, reports say. Singh was the first Indian leader since Jawaharlal Nehru to be re-elected after serving a full first term, and the first Sikh to hold the country's top post. He made a public apology in parliament for the 1984 riots in which some 3,000 Sikhs were killed. But his second term in office was marred by a string of corruption allegations that dogged his administration. The scandals, many say, were partially responsible for his Congress party's crushing defeat in the 2014 general election. Singh was born on 26 September 1932, in a desolate village in the Punjab province of undivided India, which lacked both water and electricity. After attending Panjab University he took a master's degree at the University of Cambridge and then a DPhil at Oxford. While studying at Cambridge, the lack of funds bothered Singh, his daughter, Daman Singh, wrote in a book on her parents. "His tuition and living expenses came to about £600 a year. The Panjab University scholarship gave him about £160. For the rest he had to depend on his father. Manmohan was careful to live very stingily. Subsidised meals in the dining hall were relatively cheap at two shillings sixpence." Daman Singh remembered her father as "completely helpless about the house and could neither boil an egg, nor switch on the television". Consensus builder Singh rose to political prominence as India's finance minister in 1991, taking over as the country was plunging into bankruptcy. His unexpected appointment capped a long and illustrious career as an academic and civil servant - he served as an economic adviser to the government, and became the governor of India's central bank. In his maiden speech as finance minister he famously quoted Victor Hugo, saying that "no power on Earth can stop an idea whose time has come". That served as a launchpad for an ambitious and unprecedented economic reform programme: he cut taxes, devalued the rupee, privatised state-run companies and encouraged foreign investment. The economy revived, industry picked up, inflation was checked and growth rates remained consistently high in the 1990s. Singh was born in Gah, an underdeveloped village in what is now Pakistan 'Accidental PM' Manmohan Singh was a man acutely aware of his lack of a political base. "It is nice to be a statesman, but in order to be a statesman in a democracy you first have to win elections," he once said. When he tried to win election to India's lower house in 1999, he was defeated. He sat instead in the upper house, chosen by his own Congress party. The same happened in 2004, when Singh was first appointed prime minister after Congress president Sonia Gandhi turned down the post - apparently to protect the party from damaging attacks over her Italian origins. Critics however alleged that Sonia Gandhi was the real source of power while he was prime minister, and that he was never truly in charge. Critics said Mr Singh always played second fiddle to Sonia Gandhi Critics said Mr Singh always played second fiddle to Sonia Gandhi The biggest triumph during his first five-year term was to bring India out of nuclear isolation by signing a landmark deal securing access to American nuclear technology. But the deal came at a price - the government's Communist allies withdrew support after protesting against it, and Congress had to make up lost numbers by enlisting the support of another party amid charges of vote-buying. A consensus builder, Singh presided over a coalition of sometimes difficult, assertive and potentially unruly regional coalition allies and supporters. Although he earned respect for his integrity and intelligence, he also had a reputation for being soft and indecisive. Some critics claimed that the pace of reform slowed and he failed to achieve the same momentum he had while finance minister. The biggest triumph during Mr Singh's first five-year term was to bring India out of nuclear isolation by signing a landmark deal with the US When Singh guided Congress to a second, decisive election victory in 2009, he vowed that the party would "rise to the occasion". But the gloss soon began to wear off and his second term was in the news mostly for all the wrong reasons: several scandals involving his cabinet ministers which allegedly cost the country billions of dollars, a parliament stalled by the opposition, and a huge policy paralysis that resulted in a serious economic downturn. LK Advani, a senior leader in the rival BJP party, called Singh India's "weakest prime minister". Manmohan Singh defended his record, saying his government had worked with "utmost commitment and dedication for the country and the welfare of its people". Pragmatic foreign policy Singh adopted the pragmatic foreign policies pursued by his two predecessors. He continued the peace process with Pakistan - though this process was hampered by attacks blamed on Pakistani militants, culminating in the Mumbai gun and bomb attack of November 2008. He tried to end the border dispute with China, brokering a deal to reopen the Nathu La pass into Tibet which had been closed for more than 40 years. Singh with his daughter Upinder Singh (R) and his wife Gursharan Kaur (L) Singh increased financial support for Afghanistan and became the first Indian leader to visit the country for nearly 30 years. He also angered many opposition politicians by appearing to end relations with India's old ally, Iran. A low-profile leader A studious former academic and bureaucrat, he was known for being self-effacing and always kept a low profile. His social media account was noted mostly for dull entries and had a limited number of followers. A man of few words, his calm demeanour nevertheless won him many admirers. Responding to questions on a coal scandal involving the illegal allocation of licences worth billions of dollars, he defended his silence on the issue by saying it was "better than thousands of answers". In 2015 he was summoned to appear in court to answer allegations of criminal conspiracy, breach of trust and corruption related offences. An upset Singh told reporters that he was "open for legal scrutiny" and that the "truth will prevail". After his time as premier, Singh remained deeply engaged with the issues of the day as a senior leader of the main opposition Congress party despite his advancing age. In August 2020, he told the BBC in a rare interview that India needed to take three steps "immediately" to stem the economic damage of the coronavirus pandemic, which had sent the country's economy into a recession. The government needed to provide direct cash assistance to people, make capital available for businesses, and fix the financial sector, he said. History will remember Singh for bringing India out of economic and nuclear isolation, although some historians may suggest he should have retired earlier. "I honestly believe that history will be kinder to me than the contemporary media, or for that matter, the opposition parties in parliament," he told an interviewer in 2014. Singh is survived by his wife and three daughters.
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A new party under Antonis Samaras?Itanagar, Dec 21 (PTI) Arunachal Pradesh Governor Lt Gen (Retd) K T Parnaik on Saturday asserted that the state has made a remarkable progress in reducing multidimensional poverty. He said the state has achieved a 166 per cent increase in Gross State Domestic Product (GSDP) since the 2015-16 fiscal. Also Read | Pithoragarh Landslide Video: Major Landslide Occurs on Dharchula-Tawaghat-Lipulekh Road in Uttarakhand; No Casualty Reported. Addressing the 72nd plenary of North Eastern Council (NEC) at Agartala, he said that the people of Arunachal Pradesh take pride in the fact that the state is among the 'front-runner states' on the Sustainable Development Goals (SDG) scorecard for 2023-2024. Parnaik informed the regional forum that concerted efforts are being made towards enhancing education standards in the state, right from strengthening anganwadis and upgrading government schools, implementing NEP 2020, and using technology by means of smart classes and establishing 'advanced learning centres' in the districts, an official statement from Raj Bhawan said here. Also Read | Madhya Pradesh: Woman Claims Husband and In-Laws Singed Her, Put Chilli Powder in Private Parts; 5 Booked. "Arunachal Pradesh is one of India's most aspirational states, where significant focus has always been on fostering development, growth, and empowerment of our young population," he said. He said the government's major focus is on tourism including, creating infrastructure in destinations, skilling the youth as guides and tour operators, and marketing as the state has a wide scope to develop eco, religious and adventure tourism. Highlighting the progress in agriculture and allied sectors, Parnaik said that the state is producing 5,04,801 metric tonnes of cereals, including millets and 5,000 MT of kiwis. He stressed the requirement of support from the NEC for establishment of warehouses for the storage and carriage of cereals and kiwi products by rail to enable marketing in the rest of the country. "The state is nurturing a dynamic startup ecosystem with the Arunachal Pradesh Innovation and Investment Park (APIIP), actively supporting investment, startup growth, and enhancing ease of doing business," he said. The state's UNNATI scheme is positioned to propel towards realising our industrial potential, while the focus remains on the non-polluting industries, the governor said. Parnaik added that the state has also made notable strides in law and order, including the launching of 14 mahila police stations and 'pink patrolling' to safeguard women, and implementing GIS and AI-based crime monitoring in Itanagar as a pilot project. He added that the Arunachal Pradesh's law enforcement personnel have undergone extensive training on new criminal laws and in addition, the state's legal professionals have been trained on the laws to ensure preparedness for legislative changes. The governor said that financial inclusion remains a challenge in Arunachal Pradesh. Expressing gratitude to the Centre and the DoNER Ministry, for support to the state, Parnaik stressed that the NEC, as a knowledge institution for the region, could play a pivotal role in addressing the challenges and advancing development goals in the state, the statement added. (This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)(Bloomberg) — The Biden administration is mulling exempting Mexico from tariffs on imported solar equipment, a last-minute change that would primarily benefit Maxeon Solar Technologies Ltd. The exemption being weighed by senior officials in the waning weeks of Joe Biden’s presidency was described by people familiar with the matter who asked not to be named because no final decision has been made. It comes amid broader trade policy discussions involving Mexico as well as longstanding administration struggles to nurture domestic clean energy manufacturing without chilling solar power deployment that has for years relied on cheap foreign-made equipment. At issue are tariffs on imported crystalline silicon solar cells and modules that were imposed by President-elect Donald Trump in early 2018 and extended by Biden through Feb. 6, 2026, with the level set to be 14% for most of next year. While the US waived Canadian products two years ago, it stopped short of also exempting Mexico, having concluded domestic solar manufacturers stand to be seriously harmed by the country’s exports. The change now under consideration would effectively reverse that view, potentially increasing the flow of solar imports into the US — and giving an advantage to Maxeon, Mexico’s dominant module supplier. The company, majority-owned by China’s TCL Zhonghuan Renewable Energy Technology Co. Ltd., can produce 2.5 gigawatts of modules annually at its factories in Mexico, about 93% of the country’s total capacity, according to BloombergNEF data. Opponents of the possible exemption, including advocates of domestic manufacturers, say the change would put those US producers at an unfair disadvantage to a foreign, Chinese-backed rival. Representatives of the White House, the US Trade Representative and Maxeon did not respond to requests for comment. A tariff exemption could give Maxeon’s Mexico-made panels an advantage in the US. Still it wouldn’t resolve other challenges confronting the company, including a sluggish US solar market. The Singapore-based company in September warned US imports from its Mexico factories had been impounded at the border while customs officials assess their compliance with trade curbs meant to discourage alleged human rights abuses in China. In November, the company announced a broad restructuring, shifting to focus exclusively on the US market and selling off other operations. Maxeon has said it intends to build a module assembly plant in Albuquerque, New Mexico, though plans have been scaled back from the 3-gigawatt capacity first announced in August 2023. The company now says it expects to begin manufacturing in a 2-gigawatt facility there in early 2026, a year later than initially envisioned. The project has been cheered by New Mexico Democrats including Senator Martin Heinrich, set to be the top Democrat on the chamber’s Energy and Natural Resources Committee next year. It’s also unclear whether any tariff exemption for Mexican-made solar equipment would last. President-elect Donald Trump has vowed to go in the opposite direction, threatening 25% tariffs on Canada and Mexico in a bid to clamp down on illegal immigration and fentanyl trafficking. Separately, the office of the US Trade Representative has been fielding requests from some domestic solar module manufacturers to raise an annual quota on cells that can be imported without being hit by the tariffs. The annual 12.5-gigawatt cap will reset in early February, but US imports are on track to surpass that threshold beforehand. Some module manufacturers reliant on imported components have lobbied the administration for an increase in that duty-free quota next year. Without a boost, they say, the tariffs will penalize US panel makers reliant on foreign supplies while the country builds out its domestic cell production capacity. —With assistance from Jenny Leonard, Eric Martin, Sing Yee Ong and Will Wade.Political parties in J-K condole Manmohan Singh's death hail his humility and wisdom
WASHINGTON (AP) — As a former and potentially future president, Donald Trump hailed what would become Project 2025 as a road map for “exactly what our movement will do” with another crack at the White House. As for a hard-right turn in America became a liability during the 2024 campaign, . He denied knowing anything about the “ridiculous and abysmal” plans written in part by his first-term aides and allies. Now, after being elected the 47th president on Nov. 5, Trump is stocking his second administration with key players in the detailed effort he temporarily shunned. Most notably, Trump has tapped for an encore as director of the Office of Management and Budget; Tom Homan, his former immigration chief, as and immigration hardliner Stephen Miller as . Those moves have accelerated criticisms from Democrats who warn that Trump’s election hands government reins to movement conservatives who spent years envisioning how to concentrate power in the West Wing and impose a starkly rightward shift across the U.S. government and society. Trump and his aides maintain that he won a mandate to overhaul Washington. But they maintain the specifics are his alone. “President Trump never had anything to do with Project 2025,” said Trump spokeswoman Karoline Leavitt in a statement. “All of President Trumps’ Cabinet nominees and appointments are whole-heartedly committed to President Trump’s agenda, not the agenda of outside groups.” Here is a look at what some of Trump’s choices portend for his second presidency. As budget chief, Vought envisions a sweeping, powerful perch The Office of Management and Budget director, a role Vought held under Trump previously and requires Senate confirmation, prepares a president’s proposed budget and is generally responsible for implementing the administration’s agenda across agencies. The job is influential but Vought made clear as author of a Project 2025 chapter on presidential authority that he wants the post to wield more direct power. “The Director must view his job as the best, most comprehensive approximation of the President’s mind,” Vought wrote. The OMB, he wrote, “is a President’s air-traffic control system” and should be “involved in all aspects of the White House policy process,” becoming “powerful enough to override implementing agencies’ bureaucracies.” Trump did not go into such details when naming Vought but implicitly endorsed aggressive action. Vought, the president-elect said, “knows exactly how to dismantle the Deep State” — Trump’s catch-all for federal bureaucracy — and would help “restore fiscal sanity.” In June, speaking on former Trump aide Steve Bannon’s “War Room” podcast, Vought relished the potential tension: “We’re not going to save our country without a little confrontation.” Vought could help Musk and Trump remake government’s role and scope The strategy of further concentrating federal authority in the presidency permeates Project 2025’s and Trump’s campaign proposals. Vought’s vision is especially striking when paired with Trump’s proposals to dramatically expand the president’s control over federal workers and government purse strings — ideas intertwined with the president-elect tapping mega-billionaire Elon Musk and venture capitalist Vivek Ramaswamy to Trump in his first term sought to remake the federal civil service by reclassifying tens of thousands of federal civil service workers — who have job protection through changes in administration — as political appointees, making them easier to fire and replace with loyalists. Currently, only about 4,000 of the federal government’s roughly 2 million workers are political appointees. President Joe Biden rescinded Trump’s changes. Trump can now reinstate them. Meanwhile, Musk’s and Ramaswamy’s sweeping “efficiency” mandates from Trump could turn on an old, defunct constitutional theory that the president — not Congress — is the real gatekeeper of federal spending. In his “Agenda 47,” Trump endorsed so-called “impoundment,” which holds that when lawmakers pass appropriations bills, they simply set a spending ceiling, but not a floor. The president, the theory holds, can simply decide not to spend money on anything he deems unnecessary. Vought did not venture into impoundment in his Project 2025 chapter. But, he wrote, “The President should use every possible tool to propose and impose fiscal discipline on the federal government. Anything short of that would constitute abject failure.” Trump’s choice immediately sparked backlash. “Russ Vought is a far-right ideologue who has tried to break the law to give President Trump unilateral authority he does not possess to override the spending decisions of Congress (and) who has and will again fight to give Trump the ability to summarily fire tens of thousands of civil servants,” said Sen. Patty Murray of Washington, a Democrat and outgoing Senate Appropriations chairwoman. Reps. Jamie Raskin of Maryland and Melanie Stansbury of New Mexico, leading Democrats on the House Committee on Oversight and Accountability, said Vought wants to “dismantle the expert federal workforce” to the detriment of Americans who depend on everything from veterans’ health care to Social Security benefits. “Pain itself is the agenda,” they said. Homan and Miller reflect Trump’s and Project 2025’s immigration overl ap Trump’s protests about Project 2025 always glossed over . Both want to reimpose Trump-era immigration limits. Project 2025 includes a litany of detailed proposals for various U.S. immigration statutes, executive branch rules and agreements with other countries — reducing the number of refugees, work visa recipients and asylum seekers, for example. Miller is one of Trump’s longest-serving advisers and architect of his immigration ideas, including his promise of the largest deportation force in U.S. history. As deputy policy chief, which is not subject to Senate confirmation, Miller would remain in Trump’s West Wing inner circle. “America is for Americans and Americans only,” Miller said at Trump’s on Oct. 27. “America First Legal,” Miller’s organization founded as an ideological counter to the American Civil Liberties Union, was listed as an advisory group to Project 2025 until Miller asked that the name be removed because of negative attention. Homan, a Project 2025 named contributor, was an acting U.S. Immigration and Customs Enforcement director during Trump’s first presidency, playing a key role in what became known as Trump’s Previewing Trump 2.0 earlier this year, Homan said: “No one’s off the table. If you’re here illegally, you better be looking over your shoulder.” Project 2025 contributors slated for CIA and Federal Communications chiefs John Ratcliffe, Trump’s , was previously one of Trump’s directors of national intelligence. He is a Project 2025 contributor. The document’s chapter on U.S. intelligence was written by Dustin Carmack, Ratcliffe’s chief of staff in the first Trump administration. Reflecting Ratcliffe’s and Trump’s approach, Carmack declared the intelligence establishment too cautious. Ratcliffe, like the chapter attributed to Carmack, is hawkish toward China. Throughout the Project 2025 document, Beijing is framed as a U.S. adversary that cannot be trusted. Brendan Carr, the senior Republican on the Federal Communications Commission, wrote Project 2025’s FCC chapter and is to chair the panel. Carr wrote that the FCC chairman “is empowered with significant authority that is not shared” with other FCC members. He called for the FCC to address “threats to individual liberty posed by corporations that are abusing dominant positions in the market,” specifically “Big Tech and its attempts to drive diverse political viewpoints from the digital town square.” He called for more stringent transparency rules for social media platforms like Facebook and YouTube and “empower consumers to choose their own content filters and fact checkers, if any.” Carr and Ratcliffe would require Senate confirmation for their posts. ___Respiratory Sleep Monitoring Radar Market Insights: In-Depth Analysis of Key Players and Market Dynamics
Her fiance Jake Ankers announced on social media that a group of men carrying a machete entered their home on Thursday evening while they were in the house with their two-year-old daughter. Crosby, who is nearly eight months pregnant, thanked those who have sent their support to the couple in an Instagram Story post on Saturday. The reality TV star, 34, wrote: “I’m typing this I’m laid in hospital. Baby is all fine, thank you for all the messages!” She added: “This month has had misfortune after misfortune. I want to thank you all for your kind messages about the break-in the other night. “Still something I’m really struggling to come to terms with.” Ankers also posted a photo of Crosby lying in a hospital bed to his Instagram Story, saying she had been “rushed in to hospital” as the TV star had been experiencing “serious pains in her stomach”. The businessman thanked their followers for reaching out and their local community for being “fantastic” since the burglary attempt. Ankers, who appeared with the reality star on BBC Three reality show Charlotte In Sunderland, previously said the thieves “tried to rob my house with my two-year-old and my partner who is nearly eight months pregnant, armed with a machete”. He said one of the four men “had a red balaclava on” and was carrying the weapon at the top of the stairs. Durham Constabulary were alerted at 7pm on Thursday to reports of an aggravated burglary in Houghton-le-Spring, a town in the Sunderland area. A spokeswoman for the force said: “Officers attended the area however the suspects left the scene before their arrival. “Nobody was injured in the incident and no items are believed to have been taken.” She added that an investigation is under way and anyone with information is asked to contact police. Crosby is best known for appearing in the MTV reality series Geordie Shore and winning the 12th series of Celebrity Big Brother in 2013. She and Ankers got engaged in October 2023 after she gave birth to their first child in 2022.
Charles Schwab Investment Management Inc. increased its position in Chart Industries, Inc. ( NYSE:GTLS – Free Report ) by 2.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 501,888 shares of the industrial products company’s stock after purchasing an additional 11,706 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Chart Industries were worth $62,304,000 as of its most recent SEC filing. Several other large investors have also bought and sold shares of GTLS. Ashton Thomas Securities LLC bought a new stake in shares of Chart Industries in the 3rd quarter valued at about $34,000. UMB Bank n.a. grew its holdings in shares of Chart Industries by 418.0% in the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 255 shares in the last quarter. Byrne Asset Management LLC bought a new stake in shares of Chart Industries during the 2nd quarter worth approximately $40,000. Ecofi Investissements SA bought a new position in shares of Chart Industries in the 2nd quarter valued at about $50,000. Finally, Mendota Financial Group LLC raised its stake in Chart Industries by 46.2% in the third quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock valued at $80,000 after buying an additional 203 shares during the period. Analysts Set New Price Targets A number of research analysts recently commented on the stock. Evercore ISI upgraded shares of Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Morgan Stanley raised Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price on the stock in a research report on Monday, September 16th. Wells Fargo & Company dropped their price target on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Bank of America reduced their price target on Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Finally, The Goldman Sachs Group lowered their price objective on Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Chart Industries currently has an average rating of “Moderate Buy” and a consensus price target of $178.82. Chart Industries Trading Down 1.2 % Shares of GTLS stock opened at $193.25 on Friday. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $196.91. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The stock has a market cap of $8.27 billion, a price-to-earnings ratio of 55.84, a PEG ratio of 1.00 and a beta of 1.71. The stock has a 50-day moving average of $142.42 and a 200-day moving average of $139.85. Chart Industries ( NYSE:GTLS – Get Free Report ) last posted its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the business posted $1.28 earnings per share. The business’s revenue was up 18.3% on a year-over-year basis. On average, equities research analysts forecast that Chart Industries, Inc. will post 9.03 earnings per share for the current year. Insider Transactions at Chart Industries In other Chart Industries news, Director Paul E. Mahoney acquired 500 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were purchased at an average cost of $106.55 per share, with a total value of $53,275.00. Following the completion of the purchase, the director now owns 2,107 shares of the company’s stock, valued at approximately $224,500.85. This represents a 31.11 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link . Also, Director Linda S. Harty bought 1,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were acquired at an average cost of $113.50 per share, with a total value of $113,500.00. Following the completion of the transaction, the director now owns 10,640 shares of the company’s stock, valued at $1,207,640. This represents a 10.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here . Insiders have purchased 7,152 shares of company stock valued at $482,278 in the last 90 days. 0.95% of the stock is currently owned by corporate insiders. Chart Industries Company Profile ( Free Report ) Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing. Read More Want to see what other hedge funds are holding GTLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chart Industries, Inc. ( NYSE:GTLS – Free Report ). 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