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Rahul Gandhi: चुनावी तैयारियों में जुटी कांग्रेस, 6 महीने में पांचवीं बार बिहार दौरे पर आएंगे राहुल गांधी

Dainik Jagran - May 31, 2025 - 11:01am

राज्य ब्यूरो, पटना। Rahul Gandhi Bihar Visit: कांग्रेस के पूर्व राष्ट्रीय अध्यक्ष एवं लोकसभा में नेता प्रतिपक्ष राहुल गांधी एक बार फिर बिहार आने की तैयारी में हैं। राहुल गांधी छह जून को पटना आ सकते हैं। कांग्रेस सूत्रों ने यह जानकारी दी और बताया कि राहुल गांधी राजगीर में अति पिछड़ा सम्मेलन को संबोधित करेंगे।

इस साल राहुल गांधी का पांचवां बिहार दौरा

राहुल गांधी की इस वर्ष यह पांचवीं बिहार यात्रा है। इसके पहले राहुल गांधी जनवरी, फरवरी, अप्रैल और चौथी बार मई महीने दरभंगा और पटना आए थे। वहीं,अब एक बार फिर जून महीने में वे बिहार आने वाले हैं।

कांग्रेस सूत्रों के अनुसार पार्टी का प्रदेश नेतृत्व नालंदा में अत्यंत पिछड़ा वर्ग और पिछड़ा वर्ग के सम्मेलन की तैयारी कर रहा है। पूर्व में यह कार्यक्रम 27 मई को प्रस्तावित था, लेकिन अपरिहार्य कारणों से कार्यक्रम टल गया था। अब वापस छह जून को कार्यक्रम करने की सहमति केंद्रीय नेतृत्व बिहार कांग्रेस को दी है।

दरभंगा दौरे के दौरान हुआ जमकर विवाद

इससे पहले दरभंगा दौरे पर बिहार आए राहुल गांधी की यात्रा को लेकर काफी विवाद हुआ था। दरभंगा में आयोजन स्थल पर अनुमति न होने के बाद कार्यक्रम किए जाने को लेकर उन पर प्राथमिकी भी की गई थी। राहुल गांधी की लगातार बिहार यात्राओं को इस वर्ष होने वाले चुनाव से जोड़कर देखा जा रहा है।

बता दें कि इस वर्ष बिहार विधानसभा के चुनाव होने हैं चुनाव के पहले कांग्रेस लगातार राज्य के सभी जिलों प्रखंडों और पंचायत तक विभिन्न प्रकार के अभियान चला रही है।

पार्टी इस चुनाव में बड़ी जीत को लेकर काफी आशान्वित है। हालांकि, कांग्रेस बिहार में कितनी सीटों पर विधानसभा चुनाव लड़ेगी इसका निर्णय महागठबंधन की बैठक के बाद ही संभव हो पाएगा। इसको लेकर अभी तक कोई जानकारी सामने नहीं आई है।

Categories: Bihar News

Warren Buffett’s 2025 Mantra: Adapt to Reality, Reality Won’t Adapt to Your Risk Tolerance

Business News - May 31, 2025 - 10:48am
“But if it makes a difference to you whether your stocks are down 15% or not, you need to get a somewhat different investment philosophy because the world is not going to adapt to you. You’re going to have to adapt to the world.” — Warren Buffett, 60th Annual Meeting, May 2025Investors, their advisors, and even regulators agree that an investor should allocate capital according to his risk profile. This is composed of two different things. First is the risk-taking capacity based on their financial circumstances, investment horizon etc. Second is the psychological response handling capacity when the actual risk takes place. The first one is what we can call the hard aspect of risk profile and the second is the soft aspect.If someone’s financial situation is too precarious in terms of uncertain income, high debt, or too many dependents compared to the income, then it is a hard issue, and one cannot do much about it until these circumstances change.However, if the above doesn’t apply and they have a stable income, no or limited debt, and family expenses which are reasonable compared to their income, and no major liabilities in the near-to-midterm, then they do not have a hard constraint on their risk-taking capability. Their financial situation allows them to take risks. However, many people in such situations would turn out to have a conservative risk profile.These are the people who would invest in a risky asset class like equities because it is rewarding, but then start feeling uncomfortable when markets drop by 15% to 20%. This is what Buffett is talking about.If one cannot handle such a drop then one has two choices. Either, they choose not to invest in a risky—rather volatile—asset class like equities. Or, they choose to train themselves to have a higher psychological risk-handling capacity. The first choice looks easy and most advisors would just advise the investor that since they have a “conservative” risk profile they should not take too much exposure to equities.The second choice is for the investor to make; hardly any advisor would suggest that. Given the advances in healthcare and the average understanding and focus on fitness, most investors today would be looking at a long life quite close to 100. If they retire at 60 or 65, they have roughly 30-35 years of income generating work life and 35-40 years of retirement spending to support from the corpus created during the working life.The challenge with a long retirement period is that inflation starts eating into the corpus. If one is not invested in inflation-beating assets like equities, one has the risk of running out of capital when they are old. At that time one will not be able to talk to their advisors who advised a “conservative” asset allocation.It will be too late to realize that the so-called “conservative” allocation was actually the riskiest allocation when you run out of money at 85 or 90 when you cannot physically go back to earning money.Thus, it becomes important for the investor to do this analysis himself or herself. They have to see if their targeted corpus can help them spend throughout a long life; especially, a life with rising health costs. If not, they need to learn to save a higher amount and also allocate it to a higher-risk, higher-reward asset class like equities. However, they also need to recognize that currently they do not have the psychological risk-taking ability. So they need to chart out a training program for themselves.The training program can have two components. One education, and the other, experience.One needs to become educate oneself about equities. Aspects of equities like how equities generate returns? What is the source of those returns? How does an unlisted company or business generate returns? What happens when the same business is listed? Do the sources of returns remain the same or something mysteriously changes just because it is listed? What do the fluctuations or volatility in listed equities mean to the long-term investor? Should one sell or buy when equities go down? How to value equities? How to compare intrinsic value to the market price? Should one follow Mr. Market or take advantage of him? Such issues are what a scientific investor would try to become knowledgeable about over a period of time.Second, one needs to start gaining experience. As the old saying goes, no amount of reading books and watching videos about swimming can help one learn swimming. One has to jump in the pool to learn how to swim. Similarly, a conservative investor can initiate with an amount allocated to equities which is neglible compared to their net worth. This is the amount they decide they are willing to lose, as “tuition fees”, to learn about equities. They allocate this amount and watch this tiny portfolio go up and down and bounce back or recover etc. They choose the stocks in it based on the knowledge they taught themselves in the earlier education step. Slowly, they will lose some money on some stocks and gain on some others. They will watch themselves panic or learn becoming more resilient, stoic and scientific. Over a period of time, could be years, they would become a scientific investor who invests with originality, i.e., a portfolio different from the market, has character to invest larger and larger sums of money to this original portfolio, and has the patience to let the allocation deliver on its promises through ups and downs.For the second part the investor just has to learn from their own experience. But for the first part the investor can get a strong foundation if he or she follows the scientific investing framework. There are only a few commandments to follow.Do not invest in capital destroyers, meaning highly leveraged and consistently loss making companies.Do not invest in capital eroders, meaning, companies with low return on capital which shows they do not have a competitive edge.Do not invest in capital imploders, meaning, companies with extremely high valuation ratios, such as, PE of 50+ or PBV of 5-10+ etc.Do not invest in companies growing much slower than nominal GDP.Do not invest more than 5% in a single company.Do not invest more than 40% in a single industry.Do not invest and forget. Keep reviewing the quarterly and annual financials of a company.Make changes when required if these conditions are not met. This is one way to implement Buffett’s advice to change one’s investment philosophy. Happy investing!(The author is CEO & Chief Investment Strategist at OmniScience Capital)(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Categories: Business News

High Voltage Bets: Suzlon and JSW Energy poised for strong FY26 performance

Business News - May 31, 2025 - 10:41am
India's power utilities sector remains well-positioned for long-term growth, backed by robust renewable energy (RE) additions, resilient coal production, and policy-driven supply-side readiness.Despite a near-term moderation in electricity demand, structural tailwinds such as energy transition, rising electrification, and economic growth are expected to support sustained sectoral momentum.Peak power demand in India reached 250GW in FY25 and is projected to touch 270GW in FY26. Although demand growth moderated to ~5% in FY25 (vs. 7–9% in FY22–24) and further eased to ~2% YoY in April 2025 due to high base effects and milder weather, demand volatility in peak months suggests potential for a sharp rebound in the near term.Capacity additions in FY25 were a standout, with total generation capacity rising by 33.3GW—a 29% YoY increase. Renewable energy was the key driver, contributing 28.8GW, led by solar additions of 23.8GW.Wind energy contributed the remaining 5GW, demonstrating the sector's clear pivot toward cleaner sources. On the other hand, thermal capacity witnessed a net decline of 2.2GW, reflecting India’s gradual shift away from conventional power generation.The Ministry of Power has taken proactive steps to ensure peak season preparedness. Under Section 11 of the Electricity Act, 2003, gas-based power plants have been directed to maximize generation during summer months.Meanwhile, Grid India will coordinate and notify operational schedules in advance. The move gains relevance as India decommissioned ~4.4GW of inoperable gas-fired capacity, leading to a sharp decline in operational gas capacity to 20.1GW in Apr’25 from 24.5GW in Mar’25.Coal availability—a key supply metric—remains solid. In Apr’25, domestic coal production rose 3.6% YoY to 81.6MT, with Coal India alone holding 105MT of stock (+22.1% YoY).Total coal inventory stood at 125.8MT, offering significant buffer for summer demand, complemented by government efforts to ease supply for imported coal-based plants.On the pricing front, average Day-Ahead Market (DAM) rates stayed stable at INR5.2/unit in April, while Real-Time Market (RTM) prices dipped 24% YoY in May (till 25th), helped by unseasonal rainfall and improved sell-side liquidity on IEX.With a strong pipeline of RE projects, policy thrust on thermal reliability, and rising energy needs, India’s utilities sector is entering a structurally resilient phase.Growth in power demand, coupled with expanding clean energy capacity, positions the sector favorably for sustained investment and operational growth in FY26 and beyond.Suzlon: Buy| Target Rs 83Suzlon Energy (SUEL) remains our high-conviction pick amid improving execution, a net cash balance sheet and strong earnings momentum ahead. Positive developments with respect to the implementation of local content in wind turbine manufacturing will boost market share and protect margins.We model FY26 delivery of 2.4GW, implying a quarterly run rate of 600MW, which we believe is reasonable (3QFY25 delivery: 447MW).For SUEL, we estimate a CAGR of 46%/51% in revenue/adj. PAT over FY25-27. As per our understanding, key orders slated for FY26 already have substantial land acquisitions completed and have high power evacuation visibility.JSW Energy: Buy| Target Rs 592JSWE reported consolidated revenue of INR 31.8b in 4QFY25, with adjusted PAT up 34% yoy, aided by higher other income and deferred tax benefits. Operational capacity reached 12.2GW, with a robust project pipeline of 6.7GW, reflecting strong growth visibility.Completion of KSK Mahanadi and O2 Power acquisitions positions JSWE for EBITDA expansion in FY26. Net generation rose 24% yoy, supported by new capacities and high thermal PLF of 84%.With merchant exposure below 1GW and coal import dependence reduced to 9–10%, earnings volatility is expected to decline. We give a Buy rating, backed by clear growth visibility and strong capacity additions.(The author is Head – Research, Wealth Management, Motilal Oswal Financial Services Ltd)(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Categories: Business News

थरूर के बाद अब खुर्शीद, PAK के साथ अपनी पार्टी को भी दिखाया आईना; बोले- 'पाकिस्तान ने सीजफायर के लिए जोड़े थे हाथ'

Dainik Jagran - National - May 31, 2025 - 10:30am

डिजिटल डेस्क, नई दिल्ली। कांग्रेस नेता सलमान खुर्शीद ने भारत-पाकिस्तान संघर्ष के बाद हुए सीजफायर को लेकर दो टूक जवाब दिया है। कांग्रेस नेता ने कहा है कि पाकिस्तान को संघर्ष में भारी नुकसान हुआ था और इसी वजह से उसने सीजफायर की पेशकश की। इसके साथ ही उन्होंने सीजफायर से जुड़े तमाम दावों और अफवाहों को बकवास करार दिया है।

कांग्रेस नेता का ये बयान खुद उनकी पार्टी लाइन से इतर है। कांग्रेस लगातार सरकार से सीजफायर में ट्रंप के कथित हस्तक्षेप के दावों पर सवाल उठा रही थी। सलमान खुर्शीद ने कहा कि भारत ने पाकिस्तान के साथ संपर्क नहीं किया, बल्कि ऑपरेशन सिंदूर के दौरान तनाव खत्म करने के लिए पाकिस्तान के डीजीएमओ से संपर्क किया था।

'पहले किसका फोन आया था?'

कांग्रेस नेता सलमान खुर्शीद ने कहा, "आप में से एक ने पूछा, हम क्यों (सीजफायर) रुके? यह कहना पूरी तरह से बकवास है कि हमने उन्हें (पाकिस्तान को) पहले फोन किया। हमने उन्हें पहले क्यों बुलाया? जब फोन किया गया, तब कौन रिसीव कर रहा था? यह सभी के लिए साफ है कि फोन पाकिस्तान के डीजीएमओ से भारत के डीजीएमओ को आया था। और जब उन्होंने कहा कि 'रोक दीजिए' तो हमने रोक दिया और फिर हमने उन पर कोई और हमला नहीं किया।"

थरूर ने भी पाकिस्तान की लगा दी क्लास

भारत सरकार ने कई देशों में ऑल पार्टी डेलिगेशन भेजा है। इसमें एक डेलिगेशन में कांग्रेस नेता शशि थरूर भी शामिल हैं। शशि थरूर ने बीते दिन पाकिस्तान की जमकर क्लास लगाई थी। 

शशि थरूर ने कहा था, "पाकिस्तान की मिल रहे सिंधु जल इसलिए स्थगित की गई क्योंकि हमने आपसी सौहार्द और अच्छी नीयत से समझौते पर हस्ताक्षर किया था। लेकिन पाकिस्तान आतंकवाद को लगातार शह दे रहा है इसलिए हमने सिंधु जल संधि स्थगित कर दी।"

(पीटीआई इनपुट के साथ)

यह भी पढ़ें: थरूर ने लगाई क्लास तो 48 घंटे में ही बदले कोलंबिया के सुर, वापस लिया PAK के प्रति संवेदना वाला बयान

Categories: Hindi News, National News

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