Anti-CAA protests continue across India as death toll rises to 24

Agencies
December 22, 2019

New Delhi, Dec 22: Thousands of people joined fresh rallies against a contentious citizenship law in the country on Saturday, with 24 killed so far in nearly two weeks of widespread unrest.

The death toll jumped one day after demonstrations turned violent on Friday in India's most populous state, Uttar Pradesh, where at least 15 people were killed including an eight-year-old boy who was trampled to death.

One protester died Saturday after clashes in Rampur, also in Uttar Pradesh, as police armed with batons used tear gas against a stone-pelting crowd, police told AFP.

Anger has been growing over the law, approved by parliament on December 11, which gives religious minority members from three neighbouring countries an easier path to citizenship -- but not if they are Muslim.

Critics say the law discriminates against Muslims and is part of Prime Minister Narendra Modi's Hindu-nationalist agenda, a claim his political party denies.

Authorities have imposed emergency laws, blocked internet access, and shut down shops in sensitive areas across the country in an attempt to contain the unrest.

More than 7,000 people have either been detained under emergency laws or arrested for rioting, according to several state police officials.

Uttar Pradesh police said they have arrested 705 people involved in the protests.

The arrests, however, have done nothing to stop the spread of demonstrations across the country.

Protests were held Saturday in numerous states, including in the cities of Chennai, Delhi, Gurgaon, Kolkata and Guwahati.

As day broke in the capital New Delhi, demonstrators held up their mobile phones as torches outside India's biggest mosque Jama Masjid in a show of dissent.

In Patna, in the eastern state of Bihar, three demonstrators suffered gunshot wounds and six others were wounded in a stone-throwing clash with counter-protesters, police said.

At an all-women protest in Guwahati, in the northeastern state of Assam -- where the wave of protests started amid fears the immigrants would dilute their local cultures -- participants said it was time to speak up.

"We came out to fight for our motherland, we came to fight without any arms and ammunition, we will fight peacefully," Lily Dutta told AFP.

Since being re-elected this year Modi and his Bharatiya Janata Party have stripped Muslim-majority Kashmir of its autonomy and carried out a register of citizens in Assam, a state with a large Muslim population.

The BJP has said it wants to conduct the National Register of Citizens (NRC) nationwide, fuelling fears that Muslims -- a 200-million minority in India -- were being disenfranchised.

BJP's general secretary Bhupender Yadav told reporters Saturday that the party would "launch an awareness campaign" and hold 1,000 rallies to dispel "lies" about the law.

In Uttar Pradesh in northern India, where Muslims make up almost 20 percent of the state's population of 200 million, 15 people were killed in clashes with police, state police chief O.P. Singh said.

One person was killed on Thursday ahead of the Friday's deadly violence that left 14 dead. Another died on Saturday.

Earlier police spokesman Shirish Chandra told AFP 10 people died Friday after being shot.

A boy also died Friday in a "stampede-like situation" when 2,500 people including children joined a rally in the Hindu holy city of Varanasi, district police chief Prabhakar Chaudhary told AFP.

The unrest had already seen two deaths in the southern state of Karnataka and six in northeastern Assam state.

On Saturday police raised barricades along Delhi's Jantar Mantar, an avenue that in recent years has been a hotspot for protests.

It came after street battles broke out in the city late Friday when protesters throwing stones and chanting anti-Modi slogans clashed with baton-wielding police who deployed a water cannon to disperse the crowd.

An AFP reporter at the scene saw protesters, including children, being detained and beaten by police. More than 45 people were injured in the violence.

Scores of shoes and skull caps were left strewn on the nearly mile-long carriageway that connects the old city with central Delhi after the clashes.

Forty people were taken into custody, including at least eight under 18 years old, police told AFP Saturday, adding that most of them were released. Sixteen others, however, were arrested on charges of violence, the spokesman said.

Delhi's chief metropolitan magistrate late Friday ordered the release of everyone under the age of 18 who was detained.

On Saturday, distraught families and lawyers waited outside a police station in Old Delhi where nearly a dozen people were being held.

The leader of a prominent organisation in the Dalit community -- the lowest group in the Hindu caste system -- who joined the Delhi demonstrators was arrested Saturday, police said.

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Agencies
May 4,2020

Mumbai, May 4: Days after Facebook, private equity firm Silver Lake said it will invest 56.56 billion rupees ($746.74 million) in Reliance Industries's digital arm, giving it a valuation of 4.90 trillion rupees. Silver Lake on Monday agreed to pay Rs 5,655.75 crore to buy 1.15 per cent stake in the firm that houses billionaire Mukesh Ambani's telecom arm Jio.

The investment in Jio Platforms comes within days of Facebook investing USD 5.7 billion to buy a 9.99 per cent stake in Jio Platforms. The investment is at a premium of 12.5 per cent to the Facebook deal.

"This investment values Jio Platforms at an equity value of Rs 4.90 lakh crore and an enterprise value of Rs 5.15 lakh crore and represents a 12.5 per cent premium to the equity valuation of the Facebook investment announced on April 22, 2020," Reliance said in a statement.

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Agencies
May 17,2020

New Delhi, May 17: Following the COVID-19-induced economic disruptions, up to 135 million jobs could be lost and 120 million people might be pushed back into poverty in India, all of which will have a hit on consumer income, spending and savings, says a report.

According to a new report by international management consulting firm Arthur D Little, the worst of COVID-19's impact will be felt by India's most vulnerable in terms of job loss, poverty increase and reduced per-capita income, which in turn will result in a steep decline in the Gross Domestic Product (GDP).

"Given the continued rise of COVID-19 cases, we believe that a W-shaped recovery is the most likely scenario for India. This implies a GDP contraction of 10.8 per cent in FY 2020-21 and GDP growth of 0.8 per cent in FY 2021-22," the report said.

India's COVID-19 tally has crossed 90,000 and the nationwide death toll has touched nearly 2,800 so far.

The report titled "India: Surmounting the economic challenges posed by COVID-19: A 10-point programme to revive and power India's post-COVID economy" said the 'collateral damage' of the forecasted GDP slowdown, will be felt most acutely in employment, poverty alleviation, per-capita income and overall nominal GDP.

"Unemployment may rise to 35 per cent from 7.6 per cent resulting in 136 million jobs lost and a total of 174 million unemployed. Poverty alleviation will receive a set-back, significantly changing the fortunes of many, putting 120 million people into poverty and 40 million into abject poverty," the report said.

"India is headed towards a W-shaped economic recovery with a potential GDP contraction of 10.8 per cent in FY21. An opportunity loss of USD 1 trillion is staring India in its face," said Barnik Chitran Maitra, lead author of the report and Managing Partner & CEO of Arthur D Little, India and South Asia.

Maitra further said "for its USD 5 trillion vision, a radical economic approach is needed, centred on an immediate stimulus and structural reforms. The Prime Minister's visionary 'Atma Nirbhar Bharat Abhiyan' is a good start to this new approach."

The report lauded the steps taken by the government and the Reserve Bank of India, but said a far more assertive approach may be required given the magnitude of the adverse economic output.

The report suggested a 10-point programme to accelerate the recovery which include strengthening the 'safety net' significantly for the most vulnerable, enable survival of small and medium businesses, restarting the rural economy and providing targeted assistance to at-risk sectors.

It further said the government should launch "Make in India 2.0" to capture global opportunities, build 'Modern India', accelerate Digital India and Innovation, strengthen global investment corridors with the US, UAE, Saudi Arabia, Japan and the UK, debottleneck land and labour and transform banking and financial markets in a bid to secure a sustainable economic future for 1.3 billion Indians. 

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Agencies
June 10,2020

New Delhi, Jun 10: The Enforcement Directorate (ED) on Wednesday brought back over 2,300 kg of polished diamonds and pearls worth Rs 1,350 crore of firms belonging to Nirav Modi and Mehul Choksi from Hong Kong, officials said.

Out of the 108 consignments that landed at Mumbai, 32 belong to overseas entities "controlled" by Modi while the rest are of Mehul Choksi firms.

Both the businessmen are being probed by the ED under the Prevention of Money Laundering Act (PMLA) in connection with an over USD 2 billion alleged bank fraud at a PNB branch in Mumbai.

The valuables include polished diamonds, pearls and silver jewellery, and is worth Rs 1,350 crore. 

The ED completed "all legal formalities" with authorities in Hong Kong to bring back these valuables, the agency said.

These will formally seized under the PMLA now, it said.

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