New Delhi, Jan 17 (IANS) Prime Minister Narendra Modi on Sunday paid tributes to late Tamil film icon and Chief Minister M.G. Ramachandran or 'MGR' on his 104th birth anniversary.
In a tweet, the Prime Minister said, "Bharat Ratna MGR lives in the hearts of several people. Be it the world of films or politics, he was widely respected. During his CM tenures, he initiated numerous efforts towards poverty alleviation and also emphasised on women empowerment. Tributes to MGR on his Jayanti."
M.G. Ramachandran or MGR is famously known by two titles, 'Makkal Thilakam' (foremost among the people), and 'Puratchi Thalaivar' (revolutionary leader). While the former name was given due to his onscreen roles in the Tamil film industry, the latter he earned for his political achievements.
The actor-turned-politician first joined politics as a member of Dravida Munnetra Kazhagam (DMK) under the leadership of C.N. Annadurai before he floated his own political party - AIADMK.
MGR was born on January 17 in 1917 in Kandy, Sri Lanka to a Malayali family. His father Maruthur Gopala Menon returned to his ancestral village Vadavannur in Palakkad district after his retirement as the magistrate of Kandy. MGR joined a drama troupe to help his family financially and made his film debut in 1936 film Sathi Leelavathi.
After appearing in supporting roles in a series of movies, he debuted as a hero in 1942 film Tamizhariyum Perumal, which had 22 songs, and he never looked back. He dominated the Tamil film industry for about three decades.
Generally starring in romantic or action movies, MGR directly appealed to the sentiments of Tamilians with films that were easily identifiable by both the rich and poor. MGR was the biggest name in the Tamil film industry right until his death in 1987.
New Delhi, March 6 (IANS) Singapore-based fund house, Bank Julius Baer, has upgraded India to overweight as it will be the fastest growing major economy in 2021.
"We change our stance on India from market-weight to overweight and see 15% upside from current levels with a Sensex price target of 58,450," it said in a note.
"An economic recovery is underway, and we look for 9% y/y GDP growth this year, followed by 7% next year. We look for earnings per share to grow on average over 25% over the next 3 years. It would be unprecedented for the stock market to fall in an environment of such strong growth," it added.
Scientists think "herd immunity" has been achieved in large parts of the country, which would explain why daily new cases have fallen from almost 100,000 in September to less than 15,000 presently.
Lockdowns are imposed still in specific areas that experience Covid outbreaks, but high frequency data shows that has not stopped a continuous recovery following the nation-wide lockdown from March to July of last year. For example, anonymized data gathered shows the mobility of people using Android-based smartphones is almost back to pre-Covid levels, it added.
An Initial Public Offering of LIC, India's largest insurer with $464 billion in assets, is planned for the second half of FY2022. The divestment of this company in particular will enable the government to manage its fiscal position.
The budget has set up a special purpose vehicle to sell the idle/non-core assets (especially land) of SOEs. Much of the idle land is well-situated and could be made productive, benefiting economic growth. Divestment of LIC and BPCL remains the key to meet the fiscal deficit target without compromising spending in FY22E, the research said.
With only the brief exception at the bottom of the Global Financial Crisis, in recent history India's stock market has always traded at a premium to its emerging market counterparts. The current premium of 40% is around the long-term average, it added