After hate mails, India seeks security for embassy in Italy

February 22, 2014

Embassy_in_ItalyNew Delhi, Feb 22: India today said it has asked Italy to provide more security to its embassy in Rome after the mission reported receiving hate mails and a live bullet in retaliation to Italian marines issue.

Asserting that India takes such incidents very seriously" and it was a "matter of concern", the spokesperson in the External Affairs Ministry said, "We have sensitised our friends in Italy and hope that necessary measures will be taken to ensure safety and security" and noted that government was in touch with Italian government at various levels including "at very senior level".

The spokesperson added, "We had previously undertaken a security review of our embassy in Rome to ensure that security measures are in place. But as you are aware it is the responsibility of the host country to ensure security under Vienna Convention (to foreign missions)."

Italian government has expressed its disappointment over the slow pace of trial of its two marines charged with killing two fishermen in February 2012 and recalled its Ambassador in New Delhi Daniele Mancini for consultations earlier this week while accusing Indian authorities of "unreliable" behaviour. Italian foreign ministry had also summoned Indian envoy Basant Kumar Gupta on the issue.

The spokesperson said Italy has been "receptive" towards India's request and termed as a serious issue the receiving of hate mails and the live bullet.

"We are at diplomatic communication with Government of Italy at various levels including the very senior level. This is an issue we have taken seriously and have highlighted to our Italian friends who have been receptive to our needs. We hope that necessary safety and security will be ensured to our diplomats there," he said.

The spokesperson said certain measures were put in place at the Mission in Rome after a security review by a team of Indian officials.

"We have ensured that safety of our officials is not in anyway undermined. We had previously sent our officials who did a survey and have put in place necessary measures at the embassy there," he said.

Replying to a question, the official said there have been "lot of differences" between India and Italy but refused to comment further as the matter was sub judice.The Italian marines had allegedly shot dead two fishermen off the Kerala coast in February, 2012 and ever since the two countries have been wrangling over their prosecution.

The National Investigation Agency (NIA), which is probing the matter, had sought permission to prosecute the marines under the Suppression of Unlawful Acts against Safety of Maritime Navigation And Fixed Platforms on Continental Shelf Act (SUA), which carries provisions for death penalty.

After strong objections from Italy, the Home Ministry has reviewed the sanction given to NIA and dropped the charges that carry death penalty on conviction.On Monday, the Supreme Court will be told by the government as to what charges will be brought against the marines.

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News Network
January 9,2020

New Delhi, Jan 9: JNU students who tried to march towards the Rashtrapati Bhavan on Thursday protesting the violence on the university campus were stopped by police and later detained.

The police also resorted to baton charge to control the mob who tried to block the traffic at Janpath. Using loudspeakers, the police also appealed to the crowd to maintain peace.

Before the students tried to proceed towards the Rashtrapati Bhavan, a delegation of JNU Students' Union and JNU Teachers' Association also met Human Resource Development (HRD) Ministry officials and demanded the removal of Vice-Chancellor M Jagadesh Kumar from his post.

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News Network
January 28,2020

New Delhi, Jan 28: Kolkata Metro Rail Corp expects to complete its East-West project, which runs partly under the city’s iconic Hooghly river, by March 2022 after a delay of several years doubled costs.

The authority is awaiting a final installment of Rs 20 crore ($2.8 million) over the next two years from the Indian Railway Board, said Manas Sarkar, managing director at KMRC. A soft loan of Rs 4,160 crore from Japan International Cooperation Agency helps fund 48.5% of the project.

India’s oldest metro, which started in 1984 with a North-South service, was due to expand by 2014 but faced problems including squatters on the planned route. These issues have contributed to the total project cost rising to about Rs 8,600 crore for some 17 kilometers from Rs 4,900 crore for 14 km.

“About 40% of total transport demand will be tackled by these two metro services,” Sarkar said in an interview at his office in Kolkata. “It will be a relief for environmental pollution and the city should be much more decongested.”

The new line is expected to carry about 900,000 people daily, -- roughly 20% of the city’s population -- and will take less than a minute to cross a 520-meter underwater tunnel. Depending on the time of day, it takes some 20 minutes to use the ferry and anywhere upward of an hour to cross the Howrah bridge.

KMRC will repay the JICA loan over 30 years after an initial six-year moratorium. The interest rate is between 1.2% to 1.6%. The East-West metro project is 74% owned by the railway ministry and 26% by the ministry of housing and urban affairs.

“We don’t anticipate any further cost escalation now,” Sarkar said.

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Agencies
June 22,2020

Mumbai, Jun 22: After downgrading India's outlook to negative from stable, Fitch Ratings on Monday revised the outlook on nine Indian banks to negative.

The outlook on the Long-Term Issuer Default Ratings (IDR) was revised to negative from stable due to the banks' high dependence on the Centre to re-capitalise them.

Accordingly, the IDR outlook of the Export-Import Bank of India, the State Bank of India, the Bank of Baroda, the Bank of Baroda (New Zealand), the Bank of India, the Canara Bank, the Punjab National Bank, ICICI Bank and Axis Bank Ltd have been downgraded to negative.

"At the same time, Fitch has affirmed IDBI Bank Limited's (IDBI) IDR while maintaining the outlook at negative," Fitch said in a statement.

The rating actions follow Fitch's revision of the outlook on the 'BBB-' rating on India to negative from stable on June 18, due to the impact of the escalating coronavirus pandemic on India's economy.

"The IDRs for all the above Indian banks are support-driven and anchored to their respective SRFs," the statement said.

"They are based on Fitch's assessment of high to moderate probability of extraordinary state support for these banks, which takes into account our assessment of the sovereign's ability and propensity to provide extraordinary support."

According to the statement, the negative outlook on India's sovereign rating reflects an increasing strain on the state's ability to provide extraordinary support, due to the sovereign's limited fiscal space and the significant deterioration in fiscal metrics due to challenges from the COVID-19 pandemic.

"The rating action does not affect the banks' Viability Rating (VR). EXIM does not have a VR as its role as a policy bank makes an assessment of its standalone credit profile less meaningful."

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