'Azhar designation proof of commitment against terror'

Agencies
May 2, 2019

Washington, May 2: The designation of Pakistan-based JeM chief Masood Azhar as a global terrorist by the UN demonstrates the international commitment to rooting out terrorism in Pakistan and bringing security and stability to South Asia, the White House has said.

The UN sanctions committee on the Islamic State and Al-Qaeda on Wednesday announced the designation of Azhar, leader of Jaish-e-Mohammed (JeM), over its ties to Al-Qaeda.

The JeM has claimed responsibility for the Pulwama suicide attack that killed 40 CRPF soldiers and led to a spike in military tensions between India and Pakistan.

Reacting to the development, Garrett Marquis, spokesperson of the National Security Council, White House said: "Designating Azhar demonstrates the international commitment to rooting out terrorism in Pakistan and bringing security and stability to South Asia".

The US commends the United Nations Security Council 1267 Sanctions Committee for the designation of Azhar, the leader of JeM, a UN-designated terrorist group that was responsible for the February 14 terrorist attack in Kashmir that killed over 40 Indian security personnel, Marquis said in a statement.

Secretary of State Mike Pompeo also welcomed the move and said that it is a victory for American diplomacy and the international community against terrorism.

Pompeo also congratulated the US mission in the UN which took the lead in America's diplomatic effort to designate Azhar as a global terrorist, after China finally lifted its nearly 10-year technical hold on such an effort by India, the United States and other permanent members of the Security Council including Britain and France.

"Congrats to our team @USUN for their work in negotiating JEM's Masood Azhar's #UN designation as a terrorist," Pompeo tweeted.

"This long-awaited action is a victory for American diplomacy and the international community against terrorism, and an important step towards peace in South Asia," Pompeo said.

Meanwhile, State Department spokesperson Morgan Ortagus said that the JeM has been responsible for numerous terrorist attacks and is a serious threat to regional stability and peace in South Asia.

"The JeM was designated by the United States as a Foreign Terrorist Organization and Specially Designated Global Terrorist (SDGT) in 2001 and has been listed by the UN since 2001," she said.

The US also designated Azhar as an SDGT in 2010.

"As JEM's founder and leader, Azhar clearly met the criteria for designation by the UN. This listing requires all the UN member states to implement an asset freeze, a travel ban, and an arms embargo against Azhar. We expect all countries to uphold these obligations," Ortagus said.

Today's designation is an important step in promoting a peaceful and stable South Asia, she said.

"In line with this vision, we appreciate Pakistani Prime Minister Khan's stated commitment that Pakistan, for the sake of its own future, will not allow militant and terrorist groups to operate from its territory," Ortagus said.

The spokesperson said that the US looks forward to further and sustained actions from Pakistan as outlined in its National Action Plan consistent with its international obligations.

The US, France along with the UK had moved the proposal to designate Azhar as a "global terrorist" in the UN Security Council's 1267 Al Qaeda Sanctions Committee in February, just days after the deadly Pulwama terror attack.

A veto-wielding permanent member of the UNSC, China was the sole hold-out in the 15-nation body on the bid to blacklist Azhar, blocking attempts by placing a "technical hold" and asking for "more time to examine" the proposal.

Comments

Khasai Khane
 - 
Thursday, 2 May 2019

Dear CD.

 

First of all, the man in picture of your news is Hafeez Saeed, another terrorist.

 

 

As for UNSC branding masood Azhar as terrorist, that too after 18 years since Kandahar plane hijack, please note :

 

1] Hafiz Saeed, was branded a terrorist by UNSC atleast 10 years ago. What happened - Nothing.

 

2] Masood Azhar was branded terrorist by UNSC, which even CHina accepted was because there was a condition put by China and Pakistan to India to accept that this terrorist Masood Azhar was not involved in Pulwama attack. India accepted, Pakistan happy, China Happy, and we Indians are made a fool of.

Ok, now that India said to th UNSC that Masood Azhar was not involved in Pulwama attack, who is really is responsible.? In anycase it was intelligence failure, or it could even be a treachery by our politicians against our country. 

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News Network
February 4,2020

Kolkata, Feb 4: A Thailand national on Tuesday gave birth during a flight from Doha to Bangkok.

The unnamed woman passenger went into labour and delivered the baby with the help of a cabin crew of Qatar airways at around 3 am.

The aircraft made the emergency landing in Kolkata and the woman was admitted to a private hospital here. Both the mother and the baby are doing fine.

"An unscheduled flight from Doha to Bangkok QR-830 landed around 03:09 am at Kolkata airport in medical priority landing. The pilot of Qatar flight had asked SOS to ATC for medical priority landing. The flight landed safely, the airport team with the doctor was attending the concerned." Kolkata Airport official said while speaking to news agency.

More details in this regard are awaited.

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Agencies
June 18,2020

New Delhi, Jun 18: Reliance Industries Ltd on Thursday said it has sold a 2.32 per cent stake in its digital unit to Saudi Arabia's Public Investment Fund (PIF) for Rs 11,367 crore, taking the cumulative fund raising to about Rs 1.16 lakh crore in two months.

Starting with Facebook Inc on April 22, Reliance has sold almost 25 per cent of equity in Jio Platforms - the maximum reports suggest the company intends to dilute to financial investors.

The investment by Saudi sovereign wealth fund is "at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore", the company said in a statement.

With this investment, Jio Platforms has raised Rs 115,693.95 crore from some of the leading global investment powerhouses at a time when the world is deeply impacted by the coronavirus pandemic, resulting in a recession kind of environment for the global economy.

"With the addition of PIF's investment, Jio Platforms has established partnerships with a marquee set of global financial investors, who will contribute to establishing the Digital Society vision for India," the statement said.

Jio Platforms houses India's biggest telecom firm by subscribers, Reliance Jio. With more than 388 million users, Jio has forced out several rivals and driven consolidation in the sector since entering the market in 2016 with free voice services and cut-price data.

Over the past two months, billionaire Mukesh Ambani's oil-to-telecom conglomerate has announced the sale of about $14 billion of assets, completed a Rs 53,124 crore rights issue and slowed the run rate of new investment by a quarter.

These will help Reliance meet its target of paying off Rs 1.61 lakh crore of net debt by the end of the year.
This is PIF's largest investment into the Indian economy to date.

Ambani, chairman and managing director of Reliance Industries, said, "We at Reliance have enjoyed a long and fruitful relationship with the Kingdom of Saudi Arabia for many decades. From oil economy, this relationship is now moving to strengthen India's New oil (data-driven) economy, as is evident from PIF's investment into Jio Platforms."

Yasir Al-Rumayyan, governor of PIF, commented: "We are delighted to be investing in an innovative business which is at the forefront of the transformation of the technology sector in India. We believe that the potential of the Indian digital economy is very exciting and that Jio Platforms provides us with an excellent opportunity to gain access to that growth."

"This investment will also enable us to generate significant long-term commercial returns for the benefit of Saudi Arabia's economy and our country's citizens, in line with our mandate to safeguard and grow the national wealth of the Kingdom," he said.

The transaction is subject to Indian regulatory and other customary approvals.

Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell acted as legal counsels.

Prior to this deal, Reliance had sold 22.38 per cent of Jio Platforms to investors including Facebook Inc, securing Rs 104,326.95 crore in eight weeks.

Facebook kicked off the party, investing Rs 43,573.62 crore for a 9.99 per cent stake on April 22. This was closely followed by a further Rs 60,753.33 crore in investment.

Silver Lake - the world's largest tech investor - bought a 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore on May 4. It invested another Rs 4,546.80 crore for additional 0.93 per cent stake on June 5, taking its total holding to 2.08 per cent
Private equity KKR and Vista Equity Partners have taken 2.32 per cent stake each for Rs 11,367 crore apiece. KKR invested in Jio Platforms on May 22 while Vista invested on May 8.

Abu Dhabi sovereign wealth fund Mubadala Investment Co picked up 1.85 per cent in Jio Platforms for Rs 9,093.60 crore on June 5. Abu Dhabi Investment Authority on June 7 invested Rs 5,683.50 crore for a 1.16 per cent stake in Jio Platforms.

On May 17, global equity firm General Atlantic picked up 1.34 per cent stake in Jio Platforms for Rs 6,598.38 crore.

Global investment firm TPG on June 13 picked up 0.93 per cent for Rs 4,546.80 crore while L Catterton bought 0.39 per cent for Rs 1,894.50 crore.

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Agencies
January 15,2020

Mumbai, Jan 15: Michael Debabrata Patra took over as Deputy Governor of the Reserve Bank of India (RBI) on Wednesday.

He was an Executive Director of India's central bank before being elevated to the post of Deputy Governor.

An RBI release said that as Deputy Governor, Patra will look after Monetary Policy Department including Forecasting and Modelling Unit (MPD/MU), Financial Markets Operations Department (FMOD), Financial Markets Regulation Department.

He will also look after Market Intelligence (FMRD/MI), International Department (Intl. D), Department of Economic and Policy Research (DEPR), Department of Statistics and Information Management (including Data and Information Management Unit) (DSIM/DIMU), Corporate Strategy and Budget Department (CSBD) and Financial Stability Unit.

Patra, a career central banker since 1985, has worked in various positions in the Reserve Bank of India.

As Executive Director, he was a member of the Monetary Policy Committee (MPC) of RBI, which is invested with the responsibility of monetary policy decision making in India. He will continue to be an ex-officio member of the MPC as Deputy Governor.

Prior to this, he was Principal Adviser of the Monetary Policy Department, Reserve Bank of India between July 2012 and October 2014.

He has worked in the International Monetary Fund (IMF) as Senior Adviser to Executive Director (India) during December 2008 to June 2012, when he actively engaged in the work of the IMF's Executive Board through the period of the global financial crisis and the ongoing Euro area sovereign debt crisis.

The release said that his book "The Global Economic Crisis through an Indian Looking Glass" vividly captures this experience.

He has also published papers in the areas of inflation, monetary policy, international trade and finance, including exchange rates and the balance of payments.

A fellow of the Harvard University where he undertook post-doctoral research in the area of financial stability, he has a PhD in Economics from the Indian Institute of Technology, Mumbai.

He will hold the post for three years or until further orders. The post fell vacant after Viral Acharya resigned on July 23 last year.

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