3 Jamaat-e-Islami Kashmir leaders arrested, a dozen assets sealed in Jammu

Agencies
March 4, 2019

Jammu, Mar 4: Three prominent leaders of the recently banned Jamaat-e-Islami (JeI) were arrested and nearly a dozen assets sealed during raids across six districts of Jammu province, police said on Sunday.

The day-long raids on the offices and houses of JeI leaders and activists were conducted in Kishtwar, Doda, Ramban, Poonch, Rajouri and Jammu districts Saturday, during which a large quantity of incriminating documents were seized for scrutiny, a police officer said.

He said at least six bank accounts linked to the group have been identified and the banks concerned directed to immediately freeze them.

The Centre Thursday banned Jamaat-e-Islami Jammu and Kashmir for five years under anti-terror law on grounds that it was "in close touch" with militant outfits and was expected to "escalate secessionist movement" in the state.

A notification, banning the group under the Unlawful Activities (Prevention) Act, was issued by the Ministry of Home Affairs after a high-level meeting on security, chaired by Prime Minister Narendra Modi.

Top leaders of the organisation along with over 150 activists were arrested in Kashmir Valley, where the group has a large presence, last week.

Mohammad Majeed Sheikh, Mohammad Iqbal Naik and Ghulam Qadir Bhat were arrested from Kishtwar district, where another Jamaat leader, Ghulam Nabi Gundana, was put under house arrest as he had undergone a surgery recently, the officer said.

He said two Jamaat activists, who were detained in Doda, were later released after questioning.

All schools run by JeI in the districts were searched during the raids on Saturday, the officer said adding these schools were not sealed but are being kept under surveillance.

Meanwhile, vice president of state Congress and former minister G M Saroori voiced his resentment against the crackdown on JeI and said the action against the group is against the democratic set up of the country.

"Jamaat is not a terrorist organisation... It is running over 300 schools in the state for six decades and providing employment to thousands of educated youth," Saroori, who hails from Kishtwar district, said.

He said the action against the religious organisation seems "politically motivated" in view of the upcoming Lok Sabha election.

"If government has any proof against Jamaat, it should make it public. The action against anyone involved in terrorism or waging war against the country is justified but banning a group which is involved in religious preaching and believes in Islamic ideology is against the democratic values," he said.

Referring to the arrest of Mohammad Iqbal Naik from Kishtwar, he said he is a thorough gentleman, who served as a doctor before his retirement.

"We have never seen him indulging in anything wrong. If anyone is involved in terrorism, the action against him is justified but banning any group and putting its activists in jails is not in good taste," he said.

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Agencies
May 31,2020

New Delhi, May 31: Indian aviation regulator DGCA on Saturday said the suspension of scheduled international commercial passenger flights will continue till midnight on June 30, hours after the Home Ministry announced fresh guidelines pertaining to the countrywide lockdown to contain the coronavirus pandemic.

"It is once again reiterated that foreign airlines shall be suitably informed about the opening of their operations to or from India in due course," the circular issued by the Directorate General of Civil Aviation (DGCA) said.

Domestic passenger flight services resumed in the country from Monday after a hiatus of two months since the lockdown was announced on March 25, when all scheduled commercial passenger flights were suspended in India. International flights continue to remain suspended even now.

The Home Ministry on Saturday said 'Unlock-1' will be initiated in the country from June 8 under which the nationwide lockdown effectuated on March 25 will be relaxed to a great extent, including opening of shopping malls, restaurants and religious places, even as strict restrictions will remain in place till June 30 in the country's worst pandemic-hit areas.

International air travel shall remain suspended, the MHA order said, adding that a decision on when to resume it would be taken after making an assessment of the situation.

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News Network
January 21,2020

Jan 21: Indian policymakers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home.

Investors are speculating about potential steps Finance Minister Nirmala Sitharaman could unveil when she presents the nation’s budget on Feb. 1. These measures may include freeing up firms to borrow at higher rates and offering tax breaks to global funds.

“The government will need to relax local rules to make it easier for Indian companies to raise debt overseas and tide over the funding crunch in the onshore market,” said Raj Kothari, London-based head of trading at Jay Capital Ltd. “At the same time, they need to ensure that the borrowers tapping offshore markets abide with stricter corporate governance so as to avoid further defaults.”

A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding. The government has tried a series of measures to spur domestic credit, including providing so-called credit enhancement and allowing tiny firms to restructure debt.

Here are some steps Sitharaman may consider to spur foreign borrowing:

• She could raise the cap of 450 basis points above Libor, which limits overall foreign debt costs for Indian companies

• This could help lower-rated firms sell bonds abroad. Indian companies rated BBB currently borrow at more than 10%, about 3.8 percentage points more than their top-rated peers;

• Sitharaman could waive the withholding tax foreign investors need to pay on holdings of rupee-denominated debt sold by Indian companies abroad

• The waiver was offered between September 2018 to March 2019, but wasn’t extended as the highest global interest rates since the financial crisis deterred Indian borrowers. Since then, the three-month Libor has dropped by about 1 percentage point

• She could permit Indian property developers and housing finance lenders to sell overseas bonds for reasons beyond affordable housing projects

• New funding lines to the real estate sector, arguably ground zero of India’s economic slowdown, could help kickstart consumption and investment as the industry is the nation’s biggest job-creator.

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News Network
July 3,2020

Leh, Jul 3: Taking an apparent dig at China, Prime Minister Narendra Modi on Friday said the age of expansionism is over and added that the new age of development is here.

"Age of expansionism is over, this is the age of development. History is witness that expansionist forces have either lost or were forced to turn back," Modi said addressing soldiers in Ladakh's Nimmoo. However, the Prime Minister did not mention China at all in his address to the soldiers.

The remark comes amidst the ongoing tension between India and China at Line of Actual Control in the eastern Ladakh. In a violent face-off 20 Indian soldiers were killed in the Galwan Valley on June 15-16 when Chinese troops attempted to unilaterally change the status quo during the de-escalation.

The Prime Minister also said that the people of Ladakh have rejected every attempt to create separatism in the region.

"Ladakh is the head of the country. This is the symbol of pride for the 130 crore citizens of India. This land belongs to the people who are willing to make the ultimate sacrifice for the country... Every attempt to create separatism in the region was rejected by the nationalist people of Ladakh," Modi said.

He also said: "We are the same people who pray to the flute playing Lord Krishna, but we are also the same people who idealise and following the same Lord Krishna who carries the Sudarshan Chakra."

The two countries -- India and China -- have been involved in talks to ease the ongoing border tensions since last month.

Lauding the bravery displayed by the soldiers, the Prime Minister said: "The bravery that you and your compatriots showed, a message has gone to the world about India's strength."

"Your courage is higher than the heights where you are posted today," he added.

"Atmanirbhar Bharat ka sankalp aapke tyag, balidan, pursharth ke karan aur bhi mazbut hai,"(The determination of self-reliant India gets strengthened from your sacrifice and courage)," the Prime Minister said.

The soldiers were observed maintaining social distancing while PM Modi's address here.

PM Modi on Friday made a surprise visit to Ladakh and was briefed by senior officers at Nimmoo amid ongoing tension with China. The Prime Minister was accompanied by Chief of Defence Staff (CDS) General Bipin Rawat and Army Chief General Manoj Mukund Naravane.

He reached Nimmoo, early morning today and interacted with Army, Air Force and ITBP personnel.

Located at 11,000 feet, this is among the tough terrains, surrounded by Zanskar range and on the banks of the Indus.

Sources had earlier informed about CDS Rawat's visit to Leh today. General Rawat's visit holds importance since it comes in the wake of Defence Minister Rajnath Singh's visit to Ladakh being rescheduled.

Earlier, the Defence Minister was scheduled to visit Ladakh today to review the preparedness of the army amid the ongoing standoff with China.

The situation at the India-China border remains tense after 20 Indian soldiers lost their lives in a violent face-off in the Galwan valley on June 15-16 when Chinese troops attempted to unilaterally change the status quo during the de-escalation. India and China have been involved in talks to ease the ongoing border tensions since last month.

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