2018: New Zealand, Australia kick off global New Year parties

Agencies
December 31, 2017

Australia rang in the New Year with a spectacular display of rainbow-coloured fireworks cascading from Sydney Harbour Bridge, as revellers marked the nation’s legalisation of gay marriage amid tight security.

About 1.5 million people packed the city’s foreshore to watch the pyrotechnics light up the sky above the historic bridge and the iconic opera house, the first major celebrations worldwide after New Zealand.

“This is a fabulous way to see out 2017 — the year that four out of five Sydneysiders said a resounding ‘Yes’ to marriage equality,” said Sydney Lord Mayor Clover Moore of the nationwide postal vote in support of change.

Thousands turned out earlier in New Zealand’s largest city Auckland for the annual New Year’s Eve street party, marked by a major fireworks display from the Sky Tower.

Around the world

Celebrations will move to Asia, the Middle East, Africa, Europe and finally the Americas, with dazzling light shows bidding farewell to 2017.

Hong Kong: “Shooting stars” will be fired from the rooftops of skyscrapers in a 10-minute musical fireworks display.

Jakarta: Some 500 couples will wed in a mass ceremony sponsored by the government, and festivals and bazaars will be held on main roads and at tourist sites.

Dubai: The city is replacing its main midnight fireworks with a laser show on the world’s tallest tower, the 828-metre Burj Khalifa.

Moscow: Major boulevards and squares will be decked out to welcome the new year, with fireworks to light up 36 key sites.

Berlin: Special tents will be set up at the Brandenburg Gate to care for women victims of sexual harassment or those who feel threatened, following mass assaults by migrant groups on women in Cologne two years ago. In Cologne itself, 1,400 police will be mobilised, street lighting will be improved and more video cameras installed.

Paris: Hundreds of thousands are expected to line the Champs-Elysees for a light show and fireworks at the Arc de Triomphe. Nearly 140,000 police, gendarmes and soldiers will be deployed nationwide to guard against the jihadist threat. But with no major attack in France since mid-2016 the atmosphere was noticeably more festive than in the past two years.

Rio: Millions will gather on Copacabana beach to watch the fireworks, with many wearing white, the traditional colour to usher in the new year.

Toughest security in years

Stricter security has been a key focus amid fears that crowds could be targets for vehicle and other terror attacks.

In Australia, the stronger police presence included some officers carrying semi-automatic rifles in Sydney and bollards used as barriers against vehicles.

Earlier in December one man was killed and more than a dozen hurt when a man ploughed a car into a crowd of pedestrians in Melbourne.

“You’re going to see more police than ever out, it will be our largest contingent... (given) the current security environment,” said Victoria State police acting chief commissioner Shane Patton.

Other cities are also on alert following deadly vehicle assaults over the past two years in Barcelona, Nice and London.

New York’s Times Square celebrations are set to go ahead despite the Arctic chill gripping much of the central and northeastern United States and Canada.

But revellers there will be guarded by the strongest security presence in years, after two recent attacks apparently inspired by the Islamic State group.

Looking ahead to 2018

Islamic State’s defeat in Iraq and Syria was one of the key stories of 2017, although the jihadists remain a threat and numerous attacks around the world were claimed by them or al-Qaeda-linked groups.

Donald Trump stole the news spotlight after making his debut as U.S. President in January 2017, with “America first” policies and a bombastic personal style that has shaken up international diplomacy.

The former reality television star is likely to continue dominating headlines in 2018, with escalating tensions over North Korea among a host of global challenges.

Other political and diplomatic earthquakes set to rumble into 2018 include the crisis in the Middle East between Saudi Arabia and its allies against Qatar, and the humanitarian disaster in Yemen.

In Europe, further talks on Brexit will help shape the region’s future trade relationship while Russia is set to host the football World Cup amid frictions with the West.

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News Network
January 3,2020

Washington, Jan 3: US President Donald Trump ordered the killing of Iran Revolutionary Guards commander Qasem Soleimani, who died in Baghdad "in a decisive defensive action to protect US personnel abroad," the Pentagon said Thursday.

"General Soleimani was actively developing plans to attack American diplomats and service members in Iraq and throughout the region. General Soleimani and his Quds Force were responsible for the deaths of hundreds of American and coalition service members and the wounding of thousands more," the Department of Defense said.

Following Soleimani's death, Trump tweeted an image of the US flag without any further explanation.

"US' act of international terrorism, assassinating General Soleimani—the most effective force fighting Daesh (ISIS), Al Nusrah,Al Qaeda, is extremely dangerous & foolish escalation. US bears responsibility for all consequences of rogue adventurism." said Iran Foreign Minister Javad Zarif.

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News Network
May 17,2020

New Delhi, May 17: Spelling out the government’s fourth tranche of initiatives towards achieving Prime Minister Narendra Modi’s vision of ‘Atmanirbhar Bharat’, Union Finance Minister Nirmala Sitharaman on Saturday announced significant structural reforms in eight sectors of the economy — coal, minerals, defense production, aviation, power distribution in Union territories, space and atomic energy.

Addressing her fourth and the second-last press conference, Sitharaman said crucial sectors such as coal production and exploration, defence production and space would see an increased participation from private entities.

Coal sector:

In the realm of coal exploration, the government has decided to liberalise the entry norms for private entities, which would mean that any interested party could bid for a coal block and sell it in the open market. The minister said that the government would do away with all the eligibility conditions at the time of bidding for a coal block, except requiring an “upfront payment with a ceiling.”

Nearly 50 coal blocks would be offered to private players immediately, revealed Sitharaman.

She further said that Rs 50,000 crore would be spent by Centre in creating ‘coal evacuation’ infrastructure, which would expedite the transport of mined product to the destination.

Defence sector:

In defence production, Sitharaman revealed that the government would raise the foreign direct investment (FDI) limit in the sector from current 49 per cent to 74 per cent. Further, the government would also work towards corporatising the ordnance factory boards. “Corporatising doesn’t amount to privatization,” added Sitharaman.

In a bid to boost indigenous production of defence products and gave an impetus to Make in India, Sitharaman said that the government was in a process of notifying a list of weapons/platforms for an import ban with year-wise timelines.

These decisions would also help in reducing huge import bills, the finance minister said.

Privatisation of electricity:

In another announcement that could have an effect on electricity charges in the union territories, Union Finance Minister Nirmala Sitharaman announced on Saturday that power departments and utilities in all the centrally administered territories would be privatised.

Sitharaman said that the proposed move would lead to better service to consumers and improvement in operational and financial efficiency in distribution.

The finance minister said that decision was guided by 'sub-optimal' utilisation of performance of power distribution and supply'.

She said that the move to that effect would provide a model for emulation by other utilities across the country, in what could be an indicator of what's in the pipeline for utilities in other states as well.

Sitharaman said that the privation reform was in line with the tariff policy reforms and would help in enhancing consumer rights, promote industry and improve the overall sustainability of the sector.

Space sector:

Sitharaman also announced the opening up of the space exploration sector for private players. Till date, the government-run Indian Space Research Organisation (ISRO) has held a monopoly on all activities concerning space exploration and satellite launches.

The Indian private sector will be a co-traveller in India's space sector journey, said Sitharaman, while announcing a series of structural reforms in eight crucial areas of the economy. The Union Finance Minister was addressing her fourth press conference in as many days, as a follow-up towards realising Prime Minister Narendra Modi's vision of 'atmanirbhar Bharat', which was spelled out in his video address on May 12.

Sitharaman said that the reforms in the space sector will provide a level-playing field for private companies in satellite launches and space-based services.

She said that the private sector would be allowed to use ISRO facilities and other assets to improve their capacities. Stating that the government would provide predictable policy and regulatory environment to private players, Sitharaman also disclosed that future projects for planetary exploration and outer space travel among others would be opened up for private entities.

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News Network
January 1,2020

New Delhi, Jan 1: Prevention of Money Laundering Act (PMLA) court in Mumbai has allowed banks that lent money to embattled liquor tycoon Vijay Mallya to utilize seized assets, news agency reported today quoting sources from the Enforcement Directorate (ED). The court also said all parties affected by the order can appeal at the Bombay High Court till January 18.

Last month, a consortium of Indian banks petitioned a London court for ex-billionaire Vijay Mallya to be declared bankrupt over ₹9,000 crore in unpaid debts. It comes as Mallya, who founded the now defunct Kingfisher Airlines Ltd, faces extradition to his home country of India.

Mallya had fled India in March 2016 and has been living in the United Kingdom since then. The 64-year-old former Kingfisher Airlines is fighting extradition to India in relation of fraud and money laundering allegations arising out of the debt acquired from the banks.

Mallya remains on bail pending the UK High Court appeal hearing in the extradition proceedings brought by India in relation to fraud and money laundering charges amounting to ₹9,000 crores. He had been arrested on an extradition warrant back in April 2017 and has been fighting his extradition in the UK courts since then.

He was granted permission to appeal against his extradition order, which is scheduled in the Royal Courts of Justice in London for February.

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