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Act against those who hurt Hindu sentiments: Pakistan Speaker to Interior Minister

Agencies
April 12, 2018

Pakistan's National Assembly Speaker Sardar Ayaz Sadiq has asked the interior ministry to crack down on any individual or groups involved in posting blasphemous material about the Hindu religion, after the minority community leaders protested against a wave of online hate speech hurting their religious sentiments.

The directive came yesterday after a picture of Pakistan Tehreek-i-Insaf (PTI) chairman Imran Khan depicted as a Hindu god was doing the rounds on social media.

The Speaker issued the directive following a protest by Hindu legislators who said that their religion was being smeared in a wave of hate speech online, the Dawn reported.

The issue was raised by Ramesh Lal who presented an example of the blasphemous content -- a picture of a Hindu deity with Imran's face, the report said.

Such posts have deeply hurt the religious sentiments of more than four million Hindus living in Pakistan. The lawmaker said that such offences were covered by cyber laws and should not remain unpunished, it said.

Demanding legal action against the perpetrators for posting blasphemous content, he asked the speaker to order an inquiry into the matter.

Another parliamentarian Lal Chand Malhi said there was evidence of a malicious online campaign targeting the minority community and desecrating images that were revered by millions of Pakistani Hindus.

In response to the complaints, Speaker Sadiq directed Minister of State for Interior Tallal Chaudhry to complete the inquiry within seven days.

He also directed the state minister to lodge a case against the culprits with the Federal Investigation Agency.

Lal said he along with Malhi prepared a complaint letter which will be handed over to Chaudhry.

He said that the social media campaign against the Hindu community had been going on for two weeks.

Earlier in the house, PTI vice chairman Shah Mehmood Qureshi said his party fully supported the Hindu community.

He alleged that such content was being generated by the social media wing of a political party.

Commenting on the PTI allegation, Chaudhry said the government strongly condemned all such acts.

He said the internet was full of blasphemous content that was used not only to hurt the feelings of the Hindu community but also to insult Muslims.

Former interior minister Chaudhry Nisar Ali Khan had in the past also taken up the issue of blasphemous content on Facebook and even asked the social networking websites to not allow such offensive posts.

Tallal Chaudhry assured the house that his ministry would investigate the online attacks on the Hindu faith and seek out the culprits.

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Agencies
August 7,2020

Washington, Aug 7: US President Donald Trump on Thursday (local time) signed executive orders halting all transactions with Chinese applications TikTok and WeChat within 45 days, citing national security concerns, further escalating the tensions between Beijing and Washington.

"WeChat, a messaging, social media, and electronic payment application owned by the Chinese company Tencent Holdings Ltd., reportedly has over one billion users worldwide, including users in the United States. Like TikTok, WeChat automatically captures vast swaths of information from its users. 

This data collection threatens to allow the Chinese Communist Party (CCP) access to Americans' personal and proprietary information," Trump said in a statement.

Citing reasons for the ban on WeChat, the US President said that the application captures the personal and proprietary information of Chinese nationals visiting the US, thereby providing the CCP a mechanism to keep tabs on the Chinese citizens who may be "enjoying the benefits of a free society for the first time in their lives".

"In March 2019, a researcher reportedly discovered a Chinese database containing billions of WeChat messages sent from users in not only China but also the United States, Taiwan, South Korea and Australia. WeChat, like TikTok, also reportedly censors content that the CCP deems politically sensitive and may also be used for disinformation campaigns that benefit the CCP. 

These risks have led other countries, including Australia and India, to begin restricting or banning the use of WeChat. The US must take aggressive action against the owner of WeChat to protect our national security," he added.

Earlier, Trump had issued an order banning TikTok as it "reportedly censors content that the CCP deems politically sensitive, such as content concerning protests in Hong Kong and China's treatment of Uighurs and other Muslim minorities. 

TikTok may also be used for disinformation campaigns that benefit the CCP."
US politicians have repeatedly criticised TikTok, owned by Beijing-based startup ByteDance, of being a threat to national security because of its ties to China.

The development comes as China and the US are at loggerheads on a variety of issues including Hong Kong national security law, the South China Sea, the novel coronavirus and trade.

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Agencies
May 17,2020

New Delhi, May 17: Eight of the 10 most valued domestic firms suffered a combined erosion of Rs 1,37,311.31 crore in market valuation last week, with Reliance Industries (RIL) taking the biggest knock.

Only Bharti Airtel and ITC from the top-10 list managed to close the week with gains.

RIL's market cap plunged Rs 65,232.46 crore to Rs 9,24,855.56 crore.

The market valuation of HDFC Bank declined Rs 22,347.07 crore to Rs 4,87,083.88 crore and that of Hindustan Unilever Limited tanked Rs 13,192.26 crore to Rs 4,77,458.89 crore.

ICICI Bank's market cap dropped Rs 9,770.06 crore to Rs 2,08,900.79 crore.

Infosys witnessed a decline of Rs 9,518.84 crore in valuation to reach Rs 2,77,814.09 crore while that of HDFC tumbled Rs 9,370.38 crore to Rs 2,83,293.70 crore.

The m-cap of Kotak Mahindra Bank slipped by Rs 7,805.2 crore to Rs 2,25,327.22 crore.

Tata Consultancy Services' market valuation dipped Rs 75.04 crore to Rs 7,10,439 crore.

In contrast, Bharti Airtel added Rs 13,147.89 crore to its valuation to stand at Rs 3,02,292.43 crore.

ITC's valuation also rose by Rs 7,744.11 crore to Rs 2,02,330.13 crore.

In the ranking of top-10 firms, RIL retained the number one spot, followed by TCS, HDFC Bank, HUL, Airtel, HDFC, Infosys, Kotak Mahindra Bank, ICICI Bank and ITC.

During the last week, the Sensex declined 544.97 points or 1.72 per cent.

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News Network
February 28,2020

Feb 28: The best economic tonic for the coronavirus shock is to contain its spread and worry about stimulus later, said Raghuram Rajan, former head of the Reserve Bank of India.

There’s little central banks can do, and while more government spending would help, the priority should be on convincing companies and households that the virus is under control, he said.

“People want to have a sense that there is a limit to the spread of this virus perhaps because of containment measures or because there is hope that some kind of viral solution can be found,” Rajan told Bloomberg Television’s Haidi Stroud Watts and Shery Ahn.

“At this point I would say the best thing that governments can do is to really fight the epidemic rather than worry about stimulus measures that comes later,” said Rajan, who is currently a professor at the Chicago Booth School of Business.

The spread of coronavirus is pushing the world economy toward its worst performance since the financial crisis more than a decade ago.

Bank of America Corp. economists warned clients Thursday that they now expect 2.8% global growth this year, the weakest since 2009.

“We have moved from extreme confidence in markets to extreme panic, all in the space of one week,” said Rajan, who previously was chief economist at the International Monetary Fund.

The virus outbreak will force companies to rethink supply chains and overseas production facilities, he said.

“I think we will see a lot of rethinking on this, coming on the back of the trade disruption, now we have this,” Rajan said. “Globalization in production is going to be hit quite badly.”

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