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Another terror attack on India will be extremely problematic, US tells Pakistan

Agencies
March 21, 2019

Washington, Mar 21: The United States has asked Pakistan to take sustained, verifiable and irreversible action against the perpetrators of terrorism, while warning the country that another terror attack on India will prove to be “extremely problematic”.

“We need to see Pakistan taking concrete and sustained action to reign in the terrorist groups, mainly the Jaish-e-Mohammed and the Lashkar-e-Taiba in order to ensure that we don’t have re-escalation (of tension) in the region,” a senior administration official told reporters at the White House on Wednesday.

“And, if there’s any additional terrorist attack without Pakistan having made a sustained, sincere effort against these groups, it would be extremely problematic for Pakistan and it would cause re-escalation of tensions, which is dangerous for both countries,” the official said on the condition of anonymity.

Asked about the steps being taken by Pakistan in the aftermath of the Balakot air strike by Indian fighter jets, the official said the US and the international community needed to see “irreversible and sustained” action against the terror groups.

“It’s early to make a full assessment,” the official said. In the recent days, the official said Pakistan has taken some “initial” actions. They have frozen the assets of some terrorist groups and made some arrests. They have taken administrative control of some of the JeM facilities, the official added. “But we clearly need to see more. We need to see irreversible action because in the past, what we’ve seen is they made some arrests and then a few months later, they released these individuals. The terrorist leaders are sometimes still allowed to travel around the country, hold rallies,” the official said.

Reiterating that the United States is looking for “irreversible action”, the official said America is working with its international partners to increase pressure on Pakistan. “Because it has been too long that these groups have been able to operate.” Observing that Pakistan has economic concerns as well, the official said the Financial Action Tasks Force (FATF) is one area which demonstrates the need for them to take these actions against terror groups. “Otherwise, they’re at risk within the system and the FATF to be grey-listed,” the official said. Pakistan needs to decide if it wants to be viewed as a responsible international player and have access to all the financial mechanisms that are available or is it going to continue to fail to take the steps necessary against these terrorist groups and see itself further isolated. “The choice is Pakistan’s,” the senior administration official asserted.

While the situation between the two south Asian neighbours have de-escalated, the two armies are still on high alert and that concerns the US, the official said.

“So, we realize that if there, God forbid, would be another terrorist attack that you could quickly see the escalation in the situation once again. So that’s why, we’re making clear that any additional military action by either side runs an unacceptably high risk, for both countries and for the region,” the official said.

The Trump Administration, the official said, has taken sort of a “zero tolerance policy” on the issue of safe havens to terrorists. “The terror terrorist attack on February 14th on India was a demonstration that Pakistan’s continuing provision of sanctuary for any terrorist group is not acceptable,” the official said.

During the height of the crisis -- February 26-28 -- the United States was in continuous contact with Indian and Pakistani officials, both on the ground in New Delhi and Islamabad.

“They were working the phones continuously and were deeply engaged in seeking to deescalate what was a very dangerous moment in India-Pakistan relations,” the official said.

The United States has also reached out to influential countries to have them help deescalate the situation, the senior administration official said.

Some of these countries are China, Saudi Arabia, the UAE, Qatar, the United Kingdom, the European Union, Japan and Australia.

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News Network
May 11,2020

New Delhi, May 11: Shares of Indian Railway Catering And Tourism Corporation (IRCTC) jumped 5 per cent in early trade on Monday after the Indian Railways said it will gradually resume passenger train services from May 12.

The company's shares gained 5 per cent to Rs 1,302.85 -- its highest trading permissible limit for the day -- on the BSE. At the National Stock Exchange (NSE), it rose 5 per cent to Rs 1,303.55 -- its upper circuit limit.

Booking for reservation in these trains will start at 4pm on May 11 and will be available only on the IRCTC website.

The Indian Railways will gradually resume passenger train services from May 12 and will ask passengers to arrive at the station at least an hour before departure, the national transporter said on Sunday.

Initially, the all air-conditioned services will begin on 15 Rajdhani routes and the fare would be equivalent to that of the super-fast train, it said.

The special trains will run from New Delhi to Dibrugarh, Agartala, Howrah, Patna, Bilaspur, Ranchi, Bhubaneswar, Secunderabad, Bengaluru, Chennai, Thiruvananthapuram, Madgaon, Mumbai Central, Ahmedabad and Jammu Tawi.

All passenger services were suspended due to a lockdown announced on March 25 and the railways later started the on-demand Shramik Specials to ferry migrants stranded across the country. It, however, has been running freight and parcel services.

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Agencies
July 30,2020

New Delhi, Jul 30: India's gold demand in 2020 is expected to fall to the lowest level in 26 years with domestic bullion prices hitting a record high and as falling disposable incomes could curtail retail purchases, the World Gold Council (WGC) said on Thursday.

Lower demand by the world's second-biggest bullion consumer could limit a rally in global prices, which hit a record high earlier this month, although it could also reduce India's trade deficit and support the ailing rupee.

"Fast rising gold prices could act as headwinds," said Somasundaram PR, the managing director of WGC's Indian operations.

Local gold futures have jumped 35% so far this year after rising a quarter in 2019.

India's gold consumption in the first half of 2020 plunged 56% on-year to 165.6 tonnes. Meanwhile, the coronavirus-triggered lockdown also slashed demand by 70% in the June quarter to 63.7 tonnes, the lowest in more than a decade, the WGC said in a report published on Thursday.

Millions of Indians have lost their jobs or taken a pay cut after the country imposed a lockdown on its 1.3 billion people to curb the spread of the virus that has infected more than 1.5 million Indians.

Consumption is generally high during the June quarter due to weddings and key festivals such as Akshaya Tritiya, but lockdown restrictions kept shoppers indoors this year.

The weak demand in the first half could drag down India's gold consumption in 2020 to the lowest since 1994, when demand stood at 415 tonnes, Somasundaram said, adding that it is still difficult to provide an estimate for full-year demand as the coronavirus crisis is still unfolding.

"Indian demand has previously jumped as much as 300 tonnes in a quarter. Latent demand could come out in the second half," Somasundaram said.

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News Network
April 11,2020

Washington, Apr 11: China is considered a developing country, make the United States too a developing one, US President Donald Trump said on Friday, alleging that Beijing has taken advantage of his country.

"China has been unbelievably taken advantage of us and other countries. You know, for instance, they are considered a developing nation. I said well then make us a developing nation too,” Trump told reporters at his daily White House news conference on coronavirus.

The president was responding to a question on China.

“They get big advantages because they are a developing nation. India, a developing nation. The United States is a big developed nation. Well, we have plenty of development to do,” he said.

Reiterating that United States was taken advantage of by the World Trade Organization, Trump said the Chinese economy started booming after it joined WTO with the help of the US.

“If you look at the history of China, it was only since they went into the WTO that they became a rocket ship with their economy. They were flatlined for years and years,” he said.

“Frankly, for many, many decades. And it was only when they came into the WTO that they became a rocket ship because they took advantage of all -- I'm not even blaming them. I'm saying how stupid were the people that stood here and allowed it to happen,” he said.

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The Trump Administration will now allow that to happen, he said.

“If they don't treat us fairly, will leave. But now we're starting to win cases,” he said.

Alleging that China has taken advantage of the United States for 30 years, he said, China has taken advantage of the US through WTO and using rules that are unfair to the United States.

"They should have never been allowed it, this should have never been allowed to happen", he added.

“When China joined and was allowed to join under those circumstances the WTO, that was a very bad day for the United States because they have rules and regulations that were far different and far easier than our rules and regulations,” he said.

“Plus. They took advantage of them down to the last. China took advantage of them like few people would even think to take advantage of them and again they are considered right a developing nation,” he added.

The United States, he rued, is not considered a developing nation.

“The were given advantages (for being a developing nation). For many years China has ripped off the United States. Then I came along and right now, as you know, China is paying 25 percent," said Trump, adding that the US is now gaining "billions and billions and billions of dollars in tariffs from China”.

The US is not paying, he asserted.

“Not every country is China but China would devalue their currency and they would also pour out money and they essentially were paying most of those tariffs not us,” he said.

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