India's billionaires hunker down in safety bubbles amid covid horror

News Network
April 29, 2021

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Some of India’s richest people are forming bubbles with their families and staff, while others are leaving for homes outside of major cities as a virus resurgence overwhelms the country’s medical system and spurs other nations to shut out Indian travellers.

“I’ve been indoors with my family and our staff, that’s my story,” said Kris Gopalakrishnan, one of the billionaire-cofounders of IT giant Infosys Ltd. who now runs a Bengaluru-based venture to support startups. The group are shunning outside contact and only eating home-cooked meals, he said.

Another Infosys co-founder, Nandan Nilekani said in a text message that he was also holed up in his home in the Indian tech capital, as a second, more lethal wave of coronavirus cases sweeps the nation of 1.3 billion people. The return of the virus spurred many wealthy families to flee India, some on private jets, before countries from Australia to the UK started to ban flights from what is now the coronavirus epicentre of the world. Others are hunkering down, running vast empires from their homes and helping provide essential aid like oxygen supplies and protective equipment.

Byju Raveendran, the billionaire founder of India’s most valuable startup, online-education provider Byju’s, is confined with his extended family in a series of houses in Bangalore’s HSR Layout neighborhood -- popularly referred to as Unicorn Row given it’s home to a bevy of startups valued at more than $1 billion.

The family’s personal staff are also sequestered with them, Raveendran said. “The support systems are strong and outside contact has been minimal.”

Ambani, Adani

India’s two richest people have moved to homes in less-populated parts of the country, as the virus hits the capital New Delhi and financial hub Mumbai particularly hard.

Mukesh Ambani, Asia’s wealthiest man, has shifted from Mumbai with his family to Jamnagar -- a township in the state of Gujarat that’s home to Reliance Industries Ltd.’s massive twin oil refinery complex -- according to people familiar with their movements who didn’t want to be named discussing private matters.

Billionaire Gautam Adani, the second-richest person in India, is with his son Karan Adani and other close family members at their home on the outskirts of Ahmedabad in Gujarat, a person familiar said.

Representatives for the Reliance and Adani groups declined to comment.

India is reporting record numbers of new cases every day, pushing medical facilities and crematoriums to the breaking point. People have been pleading on social media for everything from oxygen cylinders to food for the elderly in quarantine, and while parts of the country have gone back into lockdown, there are concerns another nationwide order could be disastrous for the poor and the wider economy.

Diverting Oxygen

International companies are joining local firms and tycoons in providing aid to India.

Ambani’s Reliance Industries is diverting oxygen for medical use from its oil refining complex, while the Reliance Foundation, the group’s philanthropic arm, is also setting up a 1,000-bed Covid-19 care facility there that will provide free treatment to patients. A local media report said Ambani has flown to Jamnagar to speed up relief efforts.

The Adani Group, which operates India’s largest port terminal, has been securing oxygen supplies from Saudi Arabia, Thailand and Dubai, according to a statement Tuesday.

CEO Fund

Startup titan Raveendran has been finding ways to help Byju’s 11,000 workers, many of whom he says are “struggling.” A CEO Fund has been established to meet the hospital expenses of staff and Raveendran says he has been coordinating efforts to corral beds, oxygen concentrators and medicines.

Billionaire Sunil Vachani, founder and chairman of smartphone maker Dixon Technologies India Ltd., is sheltering in his Delhi home with family. They’re following a “no outside contact” protocol, while communicating with colleagues virtually, he said.

Vachani is also is also overseeing a command center set up by Dixon to link up employees with doctors and source medication. Dixon set up a factory line to manufacture RT-PCR machines last year to bolster India’s Covid testing efforts and is now looking to scale that up, plus import oxygen concentrators that will land in a few days.

“When people phone you from ambulances outside hospital gates, it’s distressing and you do your best to help,” Gopalakrishnan said by phone on Tuesday. “At the back of your mind, there’s also guilt whether you’re taking away the hospital bed from someone who needs it more.” 

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News Network
November 16,2024

Mangaluru: The Kavoor police in Mangaluru, Karnataka, have arrested three individuals from Kerala in connection with two separate cybercrime cases, including one involving extortion under the guise of a "digital arrest."

City Commissioner of Police Anupam Agrawal reported that one of the arrested individuals, Nisar, a resident of Ernakulam district, posed as a CBI officer. He allegedly threatened the complainant with arrest and extorted Rs 68 lakh. A case has been filed under sections 66 (C) and 66 (D) of the IT Act, and sections 308 (2) and 381 (4) of BNS.

In another case, the Kavoor police arrested two men, Sahil K P of Thiruvannur, Kozhikode, and Muhammad Nashath of Mappila Koyilandy, Kerala, in connection with a share trade fraud. The accused are alleged to have deceived the complainant by promising substantial profits from an investment in the stock market. Trusting the fraudsters, the complainant invested Rs 90 lakh, which was subsequently lost. A case has been registered under sections 66 (C) and 66 (D) of the IT Act, and sections 318 (4) and 3 (5) of BNS.

The accused were arrested in Koyilandi and presented before the court. The operation was carried out under the guidance of City Police Commissioner Anupam Agrawal, led by Mangaluru North Sub-Division ACP Srikanth K, Kavoor Inspector Raghavendra Byndoor, Kavoor PSI Mallikarjuna Biradara, and staff members Ramanna Shetty, Bhuvaneshwari, Rajappa Kashibai, Praveen N, and Malatesh. 

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News Network
November 18,2024

Advisors to US President-elect Donald Trump have instructed his allies and associates to refrain from using the inflammatory language they previously employed when discussing issues related to migrants and the deportation of asylum seekers, in a bid to avoid “looking like Nazis.”

US media reports said that Trump’s associates had been asked to stop using the word “camps” to describe potential facilities that would be used to accommodate migrants rounded up in deportation operations across the country.

The reports said the US president-elect’s allies had been ordered to stave off such charged terms as they would bring to mind “Nazis,” and be used against Trump.

“I have received some guidance to avoid terms, like ‘camps,’ that can be twisted and used against the president, yes,” one Trump ally told American monthly magazine Rolling Stone.

“Apparently, some people think it makes us look like Nazis.”

The presidential advisers also cautioned surrogates and allies to keep racist terms, which have dogged Trump’s campaign, out of their remarks.

They said with Trump’s heated rhetoric that used to compare undocumented immigrants to “animals” and his slight that they are “poisoning the blood of our country,” detractors did not need to reach too far to find parallels to Nazi Germany.

Stephen Miller, who Trump tapped to be his deputy chief of staff of policy, specifically used the word “camps” to describe holding facilities that he hoped the military could put together for immigrants.

Tom Homan, who served as the acting director of Immigration and Customs Enforcement and is chosen by Trump to be in charge of the US borders, was no stranger to such language.

“It’s not gonna be a mass sweep of neighborhoods,” he said in an interview earlier this week. “It’s not gonna be building concentration camps. I’ve read it all. It’s ridiculous.”

Becoming a little more forthright about the new government’s aggressive deportation plans, Homan likened the early days of the Trump administration to the initial invasion of Iraq in 2003.

“I got three words for them – shock and awe,” he said. “You’re going to see us take this country back.”

Trump made immigration a central element of his 2024 presidential campaign but unlike his first run, which was mainly focused on building a border wall, he has shifted his attention to interior enforcement and the removal of undocumented immigrants already in the United States.

People close to the US president and his aides are laying the groundwork for expanding detention facilities to fulfill his mass deportation campaign promise.

The businessman-turned-politician deported more than 1.5 million people during his first term.

The figure do not include the millions of people turned away at the border under a Covid-era policy enacted by Trump and used during most of Biden’s term.

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News Network
November 13,2024

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New Delhi: The Supreme Court took a firm stance on ‘bulldozer justice’ today, affirming that the Executive cannot bypass the Judiciary and that the legal process must not prejudge the guilt of an accused. In a significant judgment, the bench led by Justices BR Gavai and KV Viswanathan set new guidelines for demolition practices, responding to petitions challenging the controversial bulldozer actions taken against individuals accused of crimes.

The rise of this practice, termed 'bulldozer justice,' has seen authorities in various states demolish what they claim to be illegal structures belonging to accused individuals. However, multiple petitions questioned the legality and fairness of this approach, bringing the matter before the court.

Justice Gavai highlighted that owning a home is a cherished goal for many families, and an essential question was whether the Executive should have the authority to strip individuals of their shelter. “In a democracy, the rule of law protects citizens from arbitrary actions by the state. The criminal justice system must not assume guilt,” stated the bench, underscoring that due process is a fundamental right under the Constitution.

On the principle of separation of powers, the bench reinforced that the Judiciary alone holds adjudicatory powers and that the Executive cannot overstep these boundaries. Justice Gavai remarked, “When the state demolishes a home purely because its resident is accused of a crime, it violates the doctrine of separation of powers.”

The court issued a strong warning about accountability, stating that public officials who misuse their power or act arbitrarily must face consequences. Justice Gavai observed that selectively demolishing one property while ignoring similar cases suggests that the aim might be to penalize rather than enforce legality. “For most citizens, a house is the product of years of labor and dreams. Taking it away must be an action of last resort, thoroughly justified,” he said.

In its directives under Article 142 of the Constitution, the Supreme Court established new demolition guidelines. These include:

Mandatory Show-Cause Notice: No demolition should occur without first issuing a show-cause notice. The person served has a minimum of 15 days or the duration stated in local laws to respond.

Transparency of Notice Content: The notice must include specifics about the alleged unauthorized construction, the nature of the violation, and the rationale for demolition.

Hearing and Final Order: Authorities are required to hear the response of the affected individual before issuing a final order. The homeowner will have 15 days to address the issue, with demolition proceeding only if no stay order is obtained from an appellate authority.

Contempt Proceedings: Any breach of these guidelines would lead to contempt proceedings. Officials who disregard these norms will be personally accountable for restitution, with costs deducted from their salaries.

Additionally, the court mandated that all municipal bodies establish digital portals within three months, displaying show-cause notices and final orders on unauthorized structures to ensure public transparency and accountability.

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