Ajay Maken lets loose verbal volley on tainted Suresh Kalmadi’s London sojourn

admin xqxwhaopwbpb , , , , , , , , ,

first_imgIn a slugfest that could be embarrassing for the nation, Union Sports Minister Ajay Maken and Indian Olympic Association (IOA) president Suresh Kalmadi traded high-decibel verbal volleys on Saturday about the scam-tainted Pune MP’s sojourn to the London Olympics.The minister maintained that “someone charge-sheeted on corruption charges should not got for the Olympics,” Kalmadi insisted that no charge had been proven against him.But Maken held his ground. “I think it is inappropriate for me to comment on someone who is facing corruption charges in a court of law and has been suspended by the Congress party,” Maken said in a telecom with Mail Today. Special CBI judge Talwant Singh had on Friday allowed Kalmadi to visit London for the Olympics as a council member of the International Association of Athletics Federations (IAAF).Asked how Kalmadi’s presence would harm the Indian contingent in London, Maken said emphatically: “I am convinced that the presence of Kalmadi at the London Olympics will not be good for the morale of Indian athletes. After all, we have a strong contingent going this time. It has trained hard and has good chances of winning medals.”Kalmadi countered by saying he could not understand what the fuss was all about. “I honestly feel it’s a needless controversy,”he said from Pune. “I strongly feel this vilification campaign by Maken is meant to cause a split between officials and Indian athletes participating in the Olympics.”The battle of egos between Kalmadi and Maken dates back to the latter’s appointment as sports minister last year after financial irregularities during the conduct of the Commonwealth Games came to light.advertisementM. S. Gill’s ouster had paved the way for Maken and at the very start of his tenure, the sports minister made his intentions clear, targeting Kalmadi and his close aides who had been holding top positions in various sports bodies for decades.Six months after being granted bail, Kalmadi resumed his tirade against Maken, who often attracted headlines for his criticism of the top bosses of Indian sports bodies.Maken had claimed he would ensure Kalmadi is not part of the Indian Olympic Association (IOA) delegation for the Olympics. A miffed Kalmadi on Saturday said that by making such statements, Maken was infringing on the autonomy of the IOA and called for the sports minister’s removal.”I was quite shocked and dismayed to read Ajay Maken’s reaction to the court’s decision to grant me permission to visit London for the forthcoming Olympic Games,” Kalmadi said. “In view of Maken going against the court decision, which is quite unbecoming of a sports minister, I request our Prime Minister to ask for Maken’s resignation for making such comments and statements.”Besides being an IAAF council member, Kalmadi is also the president of the Asian Athletics Association and claims that he will be in London to attend an IAAF meeting, which coincides with the Olympics. “Maken threatening the IOA that he would try to ensure I was not part of the Indian delegation shows lack of knowledge about the functioning of autonomous sports bodies,” Kalmadi said. “I don’t need any support from the sports ministry,”he added.With pressure mounting after his release on bail, Kalmadi was forced to distance himself from IOA activities with Vijay Kumar Malhotra taking over the reins. The IOA has made it clear he will not be a part of its delegation in London.”Suresh Kalmadi is not a member of the IOA delegation. The Indian contingent was finalised a month back and Mr Kalmadi does not figure in it,” Malhotra, who’s the acting IOA president, said.Malhotra also chose the opportunity to slam Maken and said the sports ministry should have first verified whether Kalmadi was ever included among the IOA delegates.”Kalmadi never asked IOA to make him a part of its delegation,”Malhotra said. “The ministry should have verified the facts from the IOA before writing the letter. The sports ministry’s letter asking the IOA not to provide any assistance or help to Kalmadi holds no ground as he is not going to London as part of the Indian contingent.”News of Kalmadi’s possible presence at the Olympics, meanwhile, met with mixed reactions. Athletics coach Bahadur Singh, whose acolytes were at the podium during the Delhi Commonwealth Games and Guangzhou Asian Games, did not see any reason for the ruckus.Bahadur said Kalmadi’s presence would encourage the Indian athletes and pointed that no charges have been proven so far against him.”Why will athletes be discouraged by Kalmadi’s presence in London?” Bahadur continued. “Rather it will encourage them if he meets them. He has been associated with Indian athletics for the last 15-20 years. He is well known in international athletics as he is an IAAF council member,”he said and added: “He is not guilty till the court gives its verdict.”advertisementShiny Wilson, who won the 800m gold at the 1985 Asian Championships, also backed Kalmadi. “It’s good for Indian sports that he (Kalmadi) is going to London,” Shiny said. “He has done a lot of good for Indian sports, especially athletics. He has helped athletics grow in the country.”The last has not been heard on the verbal duels between Kalmadi and Maken as the minister is also going to be present in London. Sources said the Congress may soon give the party line on the controversy. Till then, the verbal jousting may just continue.last_img

You May Also Like..

First Quantum Minerals 2007 Annual Report

first_imgFirst Quantum Minerals (FQMZ.zm) listed on the Lusaka Securities Exchange under the Mining sector has released it’s 2007 annual report.For more information about First Quantum Minerals (FQMZ.zm) reports, abridged reports, interim earnings results and earnings presentations, visit the First Quantum Minerals (FQMZ.zm) company page on AfricanFinancials.Document: First Quantum Minerals (FQMZ.zm)  2007 annual report.Company ProfileFirst Quantum Minerals Limited is an international holding company overseeing the extraction of copper, nickel, gold, zinc and acid through mining operations in Zambia, Australia, Finland, Turkey, Spain and Mauritania. The mining corporation operates six mines: Kansanshi copper-gold mine, Guelb Moghrein copper-gold mine, Las Cruces copper mine, Pyhasalmi copper-zinc mine, Ravensthorpe nickel-cobalt mine and Cayeli copper-zinc mine. Its subsidiary divisions have interests in evaluating and acquiring mineral properties, regulatory reporting, treasury and finance, corporate administration, and a metal marketing division. Copper is the main commodity mined by First Quantum Minerals in Zambia, and gold is a by-product commodity. First Quantum Minerals Limited is listed on the Lusaka Stock Exchangelast_img

US elections: I’d buy this FTSE 100 stock if Biden wins

first_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Simply click below to discover how you can take advantage of this. “This Stock Could Be Like Buying Amazon in 1997” Manika Premsingh | Saturday, 10th October, 2020 | More on: CRH See all posts by Manika Premsingh Enter Your Email Address Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! US elections: I’d buy this FTSE 100 stock if Biden winscenter_img Image source: Getty Images. The US economy will be dealing with the results of the country’s presidential elections in less than a month. It’s probably the single most important political event for global stock markets. Not only is the US economy the biggest economy, its financial markets are a force to reckon with. Even with the pandemic-related chaos we are witnessing right now, I reckon the FTSE 100 will react to the election’s outcome. Biden likely to winAccording to The Economist and its regularly updated projections, it’s going to be a democratic sweep this November. Other media, including the BBC and CNN also believe that the polls are tilted towards the Democrats for now. For us the key question is this: What does it mean for the FTSE 100 index? Goldman Sachs says that a Biden win will prompt an upgrade in forecasts. Broadly speaking, it appears that Goldman is betting on huge government spending and job creation, which will more than make up for hits from higher taxes and increased regulation. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Higher growth means that financial markets in general will benefit, and that should mean better outcomes for stock markets around the world, including the FTSE 100 index. More specifically, I think companies with substantial US exposure can gain significantly. Not all sectors will benefit equally of course. But I think those in infrastructure can be big winners, because that’s where a big share of spending will be channeled. This company’s set to gainOne FTSE 100 infrastructure company with US presence is the Irish construction biggie CRH (LSE: CRH). Its share price is trading at all-time highs right now. It has already picked up sharply since the start of October, possibly on a combination of signs of global economic recovery, its link to the US economy, and speculation of a Biden win. More than a few FTSE 100 stocks I’ve covered recently have seen impressive run-ups and this keeps raising the question – how much further are they likely to rise?In CRH’s case, the answer would be clearer than most now. I think the share price has further to go. Just consider its price-to-earnings (P/E) ratio of 12.3 times. Compared to many other high-performing FTSE 100 stocks, this is still fairly affordable. I also think that as far as macroeconomic factors go, I think better US growth is great just by itself, considering that more than half its revenues are sourced from the country. But in this case I think it’s also a good hedge against continued pandemic-related uncertainty in the UK and the rest of Europe. The UK is a small part of CRH’s revenues but the rest of Europe is around a fourth of the total, which isn’t a small slice of the top-line. Further, unlike many other FTSE 100 companies, CRH’s diversified revenues mean that it will remain largely untouched by Brexit. We don’t know how Brexit is going to turn out, but so far there’s little optimism on the outcome.  If things turn out well, it’s a double-win. Whichever way I look at it, CRH is a good stock to buy.   Our 6 ‘Best Buys Now’ Shares Manika Premsingh has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee.last_img

How I’d start earning a passive income with just 5% of my wages

first_img Don’t miss our special stock presentation.It contains details of a UK-listed company our Motley Fool UK analysts are extremely enthusiastic about.They think it’s offering an incredible opportunity to grow your wealth over the long term – at its current price – regardless of what happens in the wider market.That’s why they’re referring to it as the FTSE’s ‘double agent’.Because they believe it’s working both with the market… And against it.To find out why we think you should add it to your portfolio today… There’s a ‘double agent’ hiding in the FTSE… we recommend you buy it! Rupert Hargreaves | Saturday, 19th December, 2020 How I’d start earning a passive income with just 5% of my wages Image source: Getty Images Enter Your Email Address Our 6 ‘Best Buys Now’ Shares Simply click below to discover how you can take advantage of this.center_img The definition of a passive income stream is money you don’t have to work for. This might seem too good to be true. However, it’s possible to set up a passive income stream with almost no input whatsoever. Investors don’t even require a significant amount of money to set up a passive income. I think it’s possible to so with just 5% of my wages. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…I believe this could be the perfect approach. Taking such a small amount out of my salary every month isn’t going to have a significant impact on my financial situation. But it will have a significant impact on my passive income goals. Searching for incomeI think the best way to build a passive income stream is to set up a portfolio with dividend stocks. Indeed, with interest rates where they are today, my figures suggest it would be virtually impossible to hit this goal without starting with a huge amount of cash. It would take as much as £1m to generate an income of just £10,000 a year on bank interest alone. Dividend stocks present the perfect alternative. The FTSE 100 currently supports an average dividend yield of around 3%. Some stocks in the index offer significantly more. British American Tobacco, for example, offers a dividend yield of around 8%.By using a blend of companies in a portfolio, such as British American and its peers, I reckon it’s possible for me to build a portfolio with a dividend yield of 5%. That compares favourably to the 1% or less most high street savings account now offer. These dividend stocks will form the foundations of my passive income portfolio. Building a passive income streamHaving established the investments to buy to generate a passive income, the next stage is finding the funds. I’ve decided to put away around 5% of my wages a year. When combined with some small excess contributions along the way, my figures suggest I could deposit as much as £3,000 a year. These small deposits will add up over time. My figures also suggest that contributions of £3k a year could help build an investment pot of nearly £40k after a decade. That’s assuming an annual interest rate of 5%. A pot of £40k could yield a passive income of £2k a year at an interest rate of 5%. This may not be a life-changing sum, but it’s a start. It also assumes my pay remains constant over the next decade, although I think this is unlikely. Increasing my deposits by 10-20% every year would yield a pot worth £100k after a decade, according to my calculations. That could be enough to generate a passive income of £5k a year. This would be more than adequate to cover my monthly housing costs. That’s how I plan to start earning a passive income stream by saving just 5% of my wages every month.  Click here to get access to our presentation, and learn how to get the name of this ‘double agent’! Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Rupert Hargreaves owns shares in British American Tobacco. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. See all posts by Rupert Hargreaveslast_img

Leave a Reply

Your email address will not be published. Required fields are marked *