After 68 years, thousands get a nation

August 1, 2015

Bangladesh1Mashaldanga (Cooch Behar), Aug 1: At midnight between July 31 and August 1, 68 years of protracted struggle of nearly 55,000 people on either side of the Indo-Bangladesh border came to an end.

As a somewhat elaborate ceremony ushered in the witching hour, more than 15,000 people from various enclaves around Cooch Behar were welcomed into the Indian citizenry just as some 40,000 people were proffered the same privilege in Bangladesh. For the first time, the Tricolour fluttered in a remote corner of India not much unlike August 15, 1947.

The evening’s events were preceded by a formal ceremony at Chengrabandha border, where Pankaj Sharon, the Indian High Commissioner to Dhaka met Syed Mujammal Ali, the Bangladeshi High Commissioner to India. The two countries are set to exchange maps and other relevant documents soon.

The people’s ceremony was held at Mashaldanga, one of the largest Bangladeshi enclaves in India. On Friday, they marked their last day of statelessness by lighting 68 candles in every household of the enclaves in remembrance of the number of years they struggled with anonymity.

As the large gathering at Mashaldanga expressed joy with intermittent applause and ecstatic hoots, the older ones seemed concerned with what lies forward.

While they now have the opportunity to look forward to amenities that come with citizenship, community elders shared guarded thoughts on things they need – schools, health centres, power supply, irrigation and drinking water facilities, access to safety and security – what they have been deprived of for all these years. Will the government actually initiate the process of development they have dreamt of for so long? This was the question topmost on their minds.

Following the formal meeting between Prime Minister Narendra Modi and his Bangladeshi counterpart, Sheikh Haseena, earlier this year, the Central government announced funding of Rs 3,008 crore for running development projects in these areas, which will be dispensed through the state government in phases.

While this carries the promise and makes most people believe the government is serious about developing these areas, apprehensions are hard to rule out. Many of them fear that politicking between the state and the Centre could continue to leave them underprivileged.

But these apprehensions seemed short-lived at least on the evening of July 31 when all that mattered was the jubilation, even though somewhat subdued in keeping with the period of national mourning following the demise of former president A P J Abdul Kalam. Under strict instructions from functionaries of Bharat Bangladesh Enclaves Exchange Coordination Committee, which has been spearheading their movement for the past two decades, there were no fireworks. That, however, did not stop enclave residents from making the best of it, with beaming smiles and a skip in their step. “All’s well that ends well,” said, Mansur Miyan, one of the oldest residents of the area. Govrnment officials will hoist national flag in each of the enclave that will be part of India at 9 am on Saturday.

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News Network
May 9,2020

New Delhi, May 9: Three promoters of Ram Dev International, recently booked by the CBI for allegedly cheating a consortium of six banks to the tune of Rs 411 crore, have already fled the country before the State Bank of India reached the agency with the complaint, officials said on Saturday.

The CBI had recently booked the company engaged in export of Basmati rice to the West Asian and European countries and its directors Naresh Kumar, Suresh Kumar and Sangita on the basis of complaint from the State Bank of India (SBI), which suffered the loss of more than Rs 173 crore, they said.

The company had three rice milling plants, besides eight sorting and grading units in Karnal district with offices in Saudi Arabia and Dubai for trading purposes, the SBI complaint said.

Besides SBI, other members of consortium are Canara Bank, Union Bank of India, IDBI, Central Bank of India and Corporation Bank, they said.

The Central Bureau of Investigation (CBI) did not carry out any searches in the matter because of the coronavirus-induced lockdown, the officials said.

The agency will start the process of summoning the accused, incase they do not join the investigation, appropriate legal action will be initiated, they said.

According to the complaint filed by SBI, the account had become non-performing asset (NPA) on January 27, 2016.

The banks conducted a joint inspection of properties in August and October, nearly 7-9 months later only to find Haryana Police security guards deployed there, they said.

"On inquiry, it has been come to notice that borrowers are absconding and have left the country," the complaint filed on February 25, 2020, after over a year of account becoming NPA, the officials said.

The complaint alleged that borrowers had removed entire machinery from old plant and fudged the balance sheets in order to unlawfully gain at the cost of banks'' funds, it said.

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News Network
April 11,2020

Thiruvananthapuram, Apr 11: The effective handling of Covid-19 pandemic by the Kerala Government has received a big endorsement in the International media with the latest being a report in Washington Post which suggests that the State’s success could prove instructive to the entire country.

The Washington Post quoted Kerala Health Minister K K Shailaja Teacher as saying “We hoped for the best but planned for the worst. Now, the curve has flattened, but we cannot predict what will happen next week.”

"The Minister said six states had reached out to Kerala for advice. She, however, noted that it might not be easy to replicate Kerala’s lessons elsewhere," according to the Minister's office quoting the report here on Saturday.

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News Network
February 9,2020

Mumbai, Feb 9: Given the slow progress on the ongoing Rs 38,000-crore capacity expansion at the four largest metro airports, and also the surging traffic, the snaky queues will continue at least till 2023, warns a report.

The four largest airports -- New Delhi, Mumbai, Bengaluru and Hyderabad -- handle more than half of the traffic and are operating at 130 per cent of their installed capacity. These airports are under a record Rs 38,000-crore capex but the capacity will not come up before end-2023, says a Crisil report.

“With the dip in traffic growth largely behind, we expect congestion at the top four airports of New Delhi, Mumbai, Bengaluru and Hyderabad, which handle more than half of the load, to continue till about FY23,” says the report.

Already these airports are operating at over 130 percent of installed capacity, and the ongoing healthy traffic growth this operating rate is expected to rise further in the next 12 months.

“Operationalising of capacities in the following two fiscals will bring down utilisation levels albeit still high at over 90 per cent by fiscal 2023 and that is despite an unprecedented Rs 38,000 crore capex being undertaken by the operators of these airports over five fiscals 2020-24,” says the report.

Despite this unprecedented capex that is debt-funded, ratings are likely to be stable given the strong cash flows expected due to healthy traffic growth, low project risks associated with the capex and improving regulatory environment, notes the report.

“Capacity at these four airports will increase a cumulative 65 per cent to 228 million annually (from 138 million now) by fiscal 2023. However, traffic is expected to grow strong at up to 10 per cent per annum over the same period. Since additional capacities will become operational in phases only by fiscal 2023, high passenger growth will add to congestion till then,” warn the report.

High utilisation will ride on pent-up demand (accumulated in 2019 as traffic was impacted with the grounding of Jet Airways) and one-off issues with new aircraft of certain airlines.

Further impetus will also come from improving connectivity to lower-tier cities and reducing fare difference between air and rail. Increasing footfalls at airports provide a leg-up to non-aero streams such as advertising, rentals, food and beverage and parking, which comprise around half of the revenue of airports already.

These are expected to grow strongly at over 10-12 per cent, also supported by higher monetisation avenue coming along with current capex. The other half of revenue (aero revenue) is an entitlement approved by the regulator, providing a pre-determined, fixed return over the asset base and a pass-through of costs.

Aero revenue is also expected to get a bump up during fiscals 2022-24, when a new tariff order for airports is likely. Overall aggregate cash flows are likely to double by fiscal 2024 and provide a healthy cushion against servicing of debt contracted for capex, the report concludes.

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